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NEXT announced: Transmission of Quarterly Accounts for the Period Ended September 30, 2025. Basic analysis suggests neutral sentiment. Professional review recommended.
Signal: HOLD ⏸️
Strength: 5/10
Sentiment: NEUTRAL
Time Horizon: MEDIUM_TERM
📌 Key Takeaways
NEXT made announcement: Transmission of Quarterly Accounts for the Period Ended September 30, 2025
Automated analysis: HOLD signal detected
Signal strength: 5/10
This is basic analysis – manual review recommended
Professional CFA analysis unavailable
🎯 Investment Thesis
Basic HOLD indication for NEXT. Manual verification required.
Next Capital Limited’s annual report for the year ended June 30, 2025, reveals a significant turnaround, posting a profit after taxation of PKR 28.74 million compared to a loss of PKR 21.73 million in the previous year. This positive shift is attributed to improved market sentiment, increased trading volumes, and effective strategic execution. Brokerage income surged by 96.85%, driven by heightened turnover at the PSX, while advisory income also saw considerable growth. The company proposes transferring 16% shareholding in its subsidiary, Finqalab Technologies, to a co-founder, Mr. Najam Ali, reducing Next Capital’s stake to 60%.
Signal: HOLD ⏸️
Strength: 6/10
Sentiment: POSITIVE
Time Horizon: MEDIUM_TERM
📌 Key Takeaways
The company achieved a profit after tax of PKR 28.74 million in 2025, a significant reversal from a loss of PKR 21.73 million in 2024. 📈
Earnings per share (EPS) reached PKR 0.50 in 2025, compared to a negative EPS of PKR -0.38 in 2024. 🚀
Brokerage income dramatically increased by 96.85%, rising to PKR 238.4 million from PKR 121.130 million. 🏦
Advisory and related income increased to PKR 92.254 million, demonstrating growing client engagement. 🤝
A capital loss of PKR 2.670 million was incurred, compared to a capital gain of PKR 47.357 million in the previous year. 📉
Unrealized re-measurement of investments showed an improvement, resulting in a gain of PKR 940, compared to a loss of PKR 110,452 in the prior year. 💹
Operating expenses increased by 36.21% to PKR 147.957 million, reflecting the company’s investments in enhancing revenue streams. 💲
Administrative expenses decreased by 1.65% to PKR 132.599 million, indicating improved cost management. ✅
Finance costs decreased significantly due to declining discount rates. 📉
Total assets increased to PKR 1.113 billion from PKR 865.923 million, reflecting overall growth. 🏢
The company’s board recommends transferring 16% shareholding in Finqalab Technologies to co-founder Najam Ali, reducing Next Capital’s stake to 60%. 🤝
An AGM is scheduled for October 28, 2025, to approve financial statements, elect directors, and conduct special business related to the Finqalab share transfer. 🗓️
Total turnover increased to PKR 349.707 million, up from PKR 266.357 million. 📈
Shareholders’ equity increased to PKR 435.056 million, up from PKR 406.320 million. ⬆️
🎯 Investment Thesis
Based on the available information, a HOLD recommendation appears appropriate. The company has shown improved profitability, however, there are changes in its business strategy to consider which requires observation. A target price cannot be determined without a proper valuation.
Next Capital Limited’s financial results for the year ended June 30, 2025, reveal a mixed performance. The company experienced a significant increase in operating revenue, but also faced challenges reflected in fluctuations in investment gains/losses and operating expenses. Despite these headwinds, Next Capital achieved a net profit after income tax, a substantial turnaround from the prior year’s net loss. The company has improved its cash position, and strengthened its equity position.
Signal: HOLD ⏸️
Strength: 6/10
Sentiment: POSITIVE
Time Horizon: MEDIUM_TERM
📌 Key Takeaways
📈 Operating revenue increased significantly to PKR 287.56 million, up from PKR 166.55 million in 2024.
📉 Capital loss on sale of investments was PKR 2.67 million in 2025, compared to a gain of PKR 47.36 million in 2024.
⚠️ Operating expenses rose to PKR 147.96 million, from PKR 108.63 million in the previous year.
🏦 Administrative expenses decreased slightly to PKR 132.60 million from PKR 134.83 million.
✅ The company reversed PKR 402,370 against loss allowances, contrasting with PKR 10.05 million in 2024.
💸 Finance costs decreased to PKR 26.85 million compared to PKR 36.26 million year over year.
✨ Other income increased to PKR 64.81 million from PKR 52.56 million.
💰 Income before income tax and levy was PKR 38.13 million, a significant improvement from a loss of PKR 3.31 million in 2024.
💼 The company reported a profit after income tax of PKR 28.74 million, compared to a loss of PKR 21.73 million in the previous year.
✔️ Earning per share was PKR 0.50, a positive shift from a loss per share of PKR 0.38 in 2024.
🏦 Total assets increased to PKR 1.11 billion, up from PKR 865.92 million in 2024.
✅ Cash and cash equivalents increased to PKR 274.87 million, compared to PKR 75.75 million at the beginning of the year.
📉 Accumulated losses decreased to PKR 84.19 million from PKR 112.93 million.
👍 Total equity increased to PKR 435.06 million from PKR 406.32 million.
🎯 Investment Thesis
Based on the improved financial performance, I recommend a HOLD position. The company has shown progress, but sustained profitability and efficient cost management are crucial. A price target of PKR 12.00 per share is set, reflecting a modest upside potential based on earnings growth. This recommendation has a medium-term horizon (6-12 months).
Next Capital Limited’s upcoming Annual General Meeting (AGM) on October 28, 2025, includes ordinary business such as confirming minutes and adopting financial statements for the year ended June 30, 2025. A key special business item involves the proposed transfer of 16% shareholding in Finqalab Technologies to Mr. Najam Ali, reducing Next Capital’s stake to 60%. This transfer, previously approved by the Board, recognizes Mr. Ali’s role as co-founder and is subject to shareholder approval via a special resolution. Shareholders are also requested to consider the related provisions and disclosures regarding the proposed divestment.
Signal: HOLD ⏸️
Strength: 5/10
Sentiment: NEUTRAL
Time Horizon: MEDIUM_TERM
📌 Key Takeaways
🗓️ AGM scheduled for October 28, 2025, at 1:00 p.m. in Karachi.
✅ Agenda includes confirming minutes from the October 25, 2024 AGM.
🧾 Adoption of audited financial statements for the year ending June 30, 2025.
👨💼 Election of seven directors for a 3-year term is on the agenda.
🤝 Retiring directors are eligible for re-election.
💼 Special resolution to consider transferring 16% shareholding in Finqalab Technologies to Mr. Najam Ali.
📉 This transfer would reduce Next Capital’s shareholding in Finqalab to 60%.
📜 The transfer is subject to Section 183(3)(a) and Section 199 of the Companies Act, 2017.
🌐 Financial statements are available on the company’s website.
⚠️ Share transfer books will be closed from October 21st to October 28th, 2025.
✉️ Members can participate in the AGM via video link after registration.
🧾 Hard copies of financial statements will be provided upon request.
🚫 Companies are prohibited from providing gifts at general meetings.
🔍 M/s. Crowe Hussain Chaudhury & Co is appointed as scrutineer for the special business.
🏦 Unclaimed dividends will be deposited with the Federal Government/SECP after three years.
🎯 Investment Thesis
HOLD. With limited quantitative financial data (besides that the total subsidiary valuation of PKR 232 million) and the deal appears to incentivize the subsidiary’s co-founder. Investors should monitor SECP & shareholder vote. Price target and specific time horizon hard to project.
Next Capital Limited’s upcoming Annual General Meeting (AGM) on October 28, 2025, includes ordinary business such as confirming minutes and adopting financial statements for the year ended June 30, 2025. A key special business item involves the proposed transfer of 16% shareholding in Finqalab Technologies to Mr. Najam Ali, reducing Next Capital’s stake to 60%. This transfer, previously approved by the Board, recognizes Mr. Ali’s role as co-founder and is subject to shareholder approval via a special resolution. Shareholders are also requested to consider the related provisions and disclosures regarding the proposed divestment.
Signal: HOLD ⏸️
Strength: 5/10
Sentiment: NEUTRAL
Time Horizon: MEDIUM_TERM
📌 Key Takeaways
🗓️ AGM scheduled for October 28, 2025, at 1:00 p.m. in Karachi.
✅ Agenda includes confirming minutes from the October 25, 2024 AGM.
🧾 Adoption of audited financial statements for the year ending June 30, 2025.
👨💼 Election of seven directors for a 3-year term is on the agenda.
🤝 Retiring directors are eligible for re-election.
💼 Special resolution to consider transferring 16% shareholding in Finqalab Technologies to Mr. Najam Ali.
📉 This transfer would reduce Next Capital’s shareholding in Finqalab to 60%.
📜 The transfer is subject to Section 183(3)(a) and Section 199 of the Companies Act, 2017.
🌐 Financial statements are available on the company’s website.
⚠️ Share transfer books will be closed from October 21st to October 28th, 2025.
✉️ Members can participate in the AGM via video link after registration.
🧾 Hard copies of financial statements will be provided upon request.
🚫 Companies are prohibited from providing gifts at general meetings.
🔍 M/s. Crowe Hussain Chaudhury & Co is appointed as scrutineer for the special business.
🏦 Unclaimed dividends will be deposited with the Federal Government/SECP after three years.
🎯 Investment Thesis
HOLD. With limited quantitative financial data (besides that the total subsidiary valuation of PKR 232 million) and the deal appears to incentivize the subsidiary’s co-founder. Investors should monitor SECP & shareholder vote. Price target and specific time horizon hard to project.
Next Capital Limited’s upcoming Annual General Meeting (AGM) on October 28, 2025, includes ordinary business such as confirming minutes and adopting financial statements for the year ended June 30, 2025. A key special business item involves the proposed transfer of 16% shareholding in Finqalab Technologies to Mr. Najam Ali, reducing Next Capital’s stake to 60%. This transfer, previously approved by the Board, recognizes Mr. Ali’s role as co-founder and is subject to shareholder approval via a special resolution. Shareholders are also requested to consider the related provisions and disclosures regarding the proposed divestment.
Signal: HOLD ⏸️
Strength: 5/10
Sentiment: NEUTRAL
Time Horizon: MEDIUM_TERM
📌 Key Takeaways
🗓️ AGM scheduled for October 28, 2025, at 1:00 p.m. in Karachi.
✅ Agenda includes confirming minutes from the October 25, 2024 AGM.
🧾 Adoption of audited financial statements for the year ending June 30, 2025.
👨💼 Election of seven directors for a 3-year term is on the agenda.
🤝 Retiring directors are eligible for re-election.
💼 Special resolution to consider transferring 16% shareholding in Finqalab Technologies to Mr. Najam Ali.
📉 This transfer would reduce Next Capital’s shareholding in Finqalab to 60%.
📜 The transfer is subject to Section 183(3)(a) and Section 199 of the Companies Act, 2017.
🌐 Financial statements are available on the company’s website.
⚠️ Share transfer books will be closed from October 21st to October 28th, 2025.
✉️ Members can participate in the AGM via video link after registration.
🧾 Hard copies of financial statements will be provided upon request.
🚫 Companies are prohibited from providing gifts at general meetings.
🔍 M/s. Crowe Hussain Chaudhury & Co is appointed as scrutineer for the special business.
🏦 Unclaimed dividends will be deposited with the Federal Government/SECP after three years.
🎯 Investment Thesis
HOLD. With limited quantitative financial data (besides that the total subsidiary valuation of PKR 232 million) and the deal appears to incentivize the subsidiary’s co-founder. Investors should monitor SECP & shareholder vote. Price target and specific time horizon hard to project.
What this means: 📉 Loss News: Company lost money this quarter. Stock price may fall because investors worry about companies that are not making profit.
🏢 Company & Announcement
SymbolNEXT
CompanyNext Capital Limited
DateSep 22, 2025
Time2:08 PM
Announcement Title:
Financial Results for the Year Ended June 30 2025
🧠 Investment Thesis
Given the decrease in profitability and the absence of shareholder returns, retail investors should consider selling their shares to avoid potential losses. The company’s financial performance does not offer a compelling reason to hold the stock at this time.
📋 Key Highlights
Operating revenue increased from 166.55 million to 287.56 million.
The company experienced a significant loss before income tax of 21.88 million in 2024, which turned into a profit of 20.23 million in 2025.
No cash dividend, bonus shares, or right shares were announced.
Earnings per share decreased from -0.38 to 0.50.
⚠️ Risk Assessment
Decrease in income before income tax.
Uncertainty in future profitability.
Lack of shareholder returns via dividends or bonus shares.
{
"sentiment": "NEGATIVE",
"signal": "SELL",
"strength": 7,
"brief_summary": "Next Capital's financial results for the year ended June 30, 2025, show a decrease in income before income tax compared to the previous year. The company did not announce any cash dividends, bonus shares, or right shares. Retail investors should be cautious due to the reported losses and consider selling their shares.",
"key_points": [
"Operating revenue increased from 166.55 million to 287.56 million.",
"The company experienced a significant loss before income tax of 21.88 million in 2024, which turned into a profit of 20.23 million in 2025.",
"No cash dividend, bonus shares, or right shares were announced.",
"Earnings per share decreased from -0.38 to 0.50."
],
"financial_impact": "MEDIUM",
"price_target": "The negative earnings per share trend suggests a potential decrease in stock price. A price target would depend on market conditions, but a conservative estimate would be a 10-15% decrease in the short term.",
"risk_factors": [
"Decrease in income before income tax.",
"Uncertainty in future profitability.",
"Lack of shareholder returns via dividends or bonus shares."
],
"investment_thesis": "Given the decrease in profitability and the absence of shareholder returns, retail investors should consider selling their shares to avoid potential losses. The company's financial performance does not offer a compelling reason to hold the stock at this time.",
"simple_note": "\ud83d\udcc9 Loss News: Company lost money this quarter. Stock price may fall because investors worry about companies that are not making profit."
}
Disclaimer: This analysis is AI-generated and for informational purposes only. It is not financial advice. Please conduct your own research before making any investment decisions.
What this means: 🏢 Meeting News: Company board is meeting to make important decisions. Stock price may move after the meeting based on what they decide.
🏢 Company & Announcement
SymbolNEXT
CompanyNext Capital Limited
DateSep 15, 2025
Time3:17 PM
Announcement Title:
BOARD MEETING
🧠 Investment Thesis
This announcement is routine and provides no immediate actionable insights for retail investors. Hold existing positions and await further information from the board meeting regarding financial performance.
📋 Key Highlights
Board meeting to discuss annual accounts.
Closed period for trading shares from September 15 to September 22, 2025.
No trading by directors, CEO, or executives during the closed period.
⚠️ Risk Assessment
The announcement itself poses no immediate risks.
However, the outcome of the board meeting and the annual accounts could reveal potential risks or opportunities.
Market sentiment during the closed period could be affected by speculation.
{
"sentiment": "NEUTRAL",
"signal": "HOLD",
"strength": 3,
"brief_summary": "Next Capital is holding a board meeting on September 22, 2025, to discuss the annual accounts for the period ending June 30, 2025. There is a closed period for trading shares from September 15 to September 22, 2025, meaning company insiders cannot trade during this time.",
"key_points": [
"Board meeting to discuss annual accounts.",
"Closed period for trading shares from September 15 to September 22, 2025.",
"No trading by directors, CEO, or executives during the closed period."
],
"financial_impact": "LOW",
"price_target": "No significant price movement expected based on this announcement alone.",
"risk_factors": [
"The announcement itself poses no immediate risks.",
"However, the outcome of the board meeting and the annual accounts could reveal potential risks or opportunities.",
"Market sentiment during the closed period could be affected by speculation."
],
"investment_thesis": "This announcement is routine and provides no immediate actionable insights for retail investors. Hold existing positions and await further information from the board meeting regarding financial performance.",
"simple_note": "\ud83c\udfe2 Meeting News: Company board is meeting to make important decisions. Stock price may move after the meeting based on what they decide."
}
Disclaimer: This analysis is AI-generated and for informational purposes only. It is not financial advice. Please conduct your own research before making any investment decisions.
