⚡ Flash Summary

Pace (Pakistan) Limited reported its condensed interim unconsolidated financial results for the quarter ended September 30, 2025. The company’s revenue decreased significantly to Rs 151.567 million compared to Rs 474.139 million in the same quarter last year. However, the profit after taxation was significantly higher at Rs 362.148 million compared to Rs 156.870 million in 2024. The earnings per share (basic and diluted) also increased to Rs 1.30 from Rs 0.56.

📌 Key Takeaways

• Revenue decreased significantly by 68% to Rs 151.567 million compared to Rs 474.139 million year-over-year. 📉
• Gross profit decreased to Rs 86.704 million from Rs 222.673 million in the previous year. 📉
• Other income increased significantly to Rs 363.769 million from Rs 9.703 million year-over-year. 🚀
• Profit from operations increased significantly to Rs 370.488 million from Rs 192.645 million year-over-year. 📈
• Finance costs increased to Rs 49.337 million from Rs 39.866 million in the previous year. 💸
• Exchange gains were Rs 42.892 million compared to Rs 11.009 million year-over-year. 💹
• Profit before income tax and minimum taxes increased significantly to Rs 364.043 million from Rs 162.796 million year-over-year. 🌟
• Profit after taxation increased significantly to Rs 362.148 million from Rs 156.870 million year-over-year. 🎉
• Basic and diluted earnings per share increased to Rs 1.30 from Rs 0.56 year-over-year. 🚀
• The Board has approved the issuance of up to 1,300 million ordinary shares at Rs. 10.00 per share to Pace Barka Properties Limited, subject to regulatory approvals. 🤝
• These new shares cannot be sold on the market for two years after issuance. 🔒
• The Board approved acquiring Pace Circle Project from Pace Barka Properties Limited, with fair value to be determined by a registered valuer. 🏢

🎯 Investment Thesis

HOLD. The company’s increased profitability and EPS are encouraging, but the decline in revenue raises concerns about its long-term sustainability. The potential issuance of new shares could dilute existing shareholders’ value, but the Pace Circle Project acquisition could offer future growth opportunities. A more detailed analysis of the sources of ‘other income’ and the financials of the Pace Circle Project is needed before making a stronger recommendation.

⚡ Flash Summary

Nadeem Nisar has increased his shareholding in PACE (Pakistan) Limited exceeding 10% of the company’s total issued shares. On October 23, 2025, he acquired 4,465,153 voting shares bringing his total to 30,006,624 shares (10.76%). He further purchased 22,849 shares on October 24, 2025, increasing his stake to 30,029,473 shares, representing 10.77% of the company’s share capital. This disclosure is in compliance with Section 110 of the Securities Act, 2015.

📌 Key Takeaways

• 📢 Nadeem Nisar increased his stake in PACE (Pakistan) Limited.
• 🗓️ Initial acquisition of 4,465,153 shares on October 23, 2025.
• 📊 Initial shareholding reached 30,006,624 shares.
• 📈 Initial stake represented 10.76% of total issued shares.
• ➕ Additional purchase of 22,849 shares on October 24, 2025.
• 🎯 Total shareholding increased to 30,029,473 shares.
• 💯 Final stake represents 10.77% of the company’s share capital.
• 📜 Disclosure made under Section 110 of the Securities Act, 2015.
• 🏢 Compliance with Securities and Exchange Commission of Pakistan regulations.
• 📍 Acquirer’s address: Lahore, Pakistan.
• 🆔 Acquirer’s CNIC: 35202-9805828-5.
• 💰 Purchase price of additional shares: 21.75 per share.

🎯 Investment Thesis

HOLD. While the increased shareholding is notable, the magnitude of the change is not significant enough to warrant a change in investment recommendation. Continued monitoring of further shareholding changes and company performance is warranted. The current information does not provide a sufficient basis to adjust the price target.

⚡ Flash Summary

Pace (Pakistan) Limited held its 34th Annual General Meeting on October 28, 2025. Shareholders approved the minutes of the Extraordinary General Meeting held on September 24, 2025. They also adopted the audited financial statements for the year ended June 30, 2025, along with the chairman’s, directors’, and auditors’ reports. M/s Junaidy Shoaib Asad, Chartered Accountants, were appointed as auditors for the year ending June 30, 2026, with the CEO authorized to negotiate their remuneration.

📌 Key Takeaways

• 🗓️ AGM held on October 28, 2025.
• ✅ Minutes of Extraordinary General Meeting (September 24, 2025) approved.
• 📜 Audited financial statements for the year ended June 30, 2025, adopted.
• 👨‍💼 Chairman’s review, directors’ report, and auditors’ reports also adopted.
• 🧑‍💼 M/s Junaidy Shoaib Asad appointed as auditors for the year ending June 30, 2026.
• 🤝 Auditors will hold office until the next AGM, unless they resign.
• 🗣️ CEO authorized to negotiate and fix auditors’ remuneration.
• 🇵🇰 Pace (Pakistan) Limited is the company in focus.
• 🏢 Registered office is First Capital House, Lahore.
• 📞 Contact number: +92-42-35778217-8.

🎯 Investment Thesis

Based on the information available, a HOLD recommendation is appropriate. More financial data is needed to make a more informed decision. Price target cannot be determined without more data.

⚡ Flash Summary

PACE announced: Disclosure of Interest by a Director CEO, or Executive of a listed company and their Spouses and the Substantial Shareholders u/c 5.6.1.(d) of PSX Reg. Basic analysis suggests neutral sentiment. Professional review recommended.

📌 Key Takeaways

• PACE made announcement: Disclosure of Interest by a Director CEO, or Executive of a listed company and their Spouses and the Substantial Shareholders u/c 5.6.1.(d) of PSX Regulations
• 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 PACE. Manual verification required.

⚡ Flash Summary

PACE announced: Disclosure of Interest by a Director CEO, or Executive of a listed company and their Spouses and the Substantial Shareholders u/c 5.6.1.(d) of PSX Reg. Basic analysis suggests neutral sentiment. Professional review recommended.

📌 Key Takeaways

• PACE made announcement: Disclosure of Interest by a Director CEO, or Executive of a listed company and their Spouses and the Substantial Shareholders u/c 5.6.1.(d) of PSX Regulations
• 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 PACE. Manual verification required.

⚡ Flash Summary

PACE announced: Board Meeting. Basic analysis suggests neutral sentiment. Professional review recommended.

📌 Key Takeaways

• PACE made announcement: Board Meeting
• 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 PACE. Manual verification required.

⚡ Flash Summary

This document is an addendum to the notice for Pace (Pakistan) Ltd.’s Annual General Meeting (AGM) scheduled for October 28, 2025. It clarifies that shareholders holding 10% or more shares and residing in a different city can request a video conferencing facility. The company also informs that shareholders can attend the meeting via Zoom/Video/Webex and need to register by providing details to the Company Secretary Office at least 48 hours before the meeting. Login details will be sent to registered shareholders, and the login facility will open 10 minutes before the meeting.

📌 Key Takeaways

• 📅 AGM Date: October 28, 2025, at 11:30 a.m. in Lahore.
• 🏢 Registered Office: First Capital House, Lahore.
• 🏢 Address: 96-B/1, Lower Ground Floor, M.M. Alam Road, Gulberg-III, Lahore.
• 📞 Contact: +92-42-35778217-8
• 🖥️ Video Conferencing: Available for shareholders with 10%+ holding residing in another city.
• ✉️ Request Deadline: 7 days prior to the AGM date.
• 🌐 Virtual Attendance: Via Zoom/Video/Webex.
• 📝 Registration Required: Register with Company Secretary Office at least 48 hours before the meeting.
• 📧 Registration Details: Provide details like Name, CNIC No., Folio No./CDC Account No., Shares held, Cell No., Email address.
• 📧 Email Addresses: sajjadahmad@pacepakistan.com, jawahar@pacepakistan.com
• 📱 WhatsApp Number: 0303-4444800, 0302-8440935
• 🔑 Login Details: Will be sent to registered shareholders via email.
• ⏱️ Login Facility: Opens 10 minutes before the meeting.

🎯 Investment Thesis

Based on the available information (AGM addendum), a HOLD recommendation is appropriate. The document lacks financial details needed for a thorough assessment. Additional financial information is required to form a Buy/Sell recommendation.

⚡ Flash Summary

PACE (Pakistan) Limited has announced the 34th Annual General Meeting (AGM) to be held on Tuesday, October 28, 2025, at 11:30 a.m. at the company’s registered office in Lahore. The AGM’s agenda includes confirming the minutes of the Extra Ordinary General Meeting, receiving and adopting the audited financial statements for the year ended June 30, 2025, and appointing auditors for the year ending June 30, 2026. Shareholders are advised to adhere to meeting etiquettes and can view the annual report and financial statements online. The share transfer books will be closed from October 21 to October 28, 2025.

📌 Key Takeaways

• 📅 The 34th Annual General Meeting (AGM) is scheduled for October 28, 2025.
• 🏢 The AGM will be held at the company’s registered office in Lahore.
• 🕒 The meeting is set to commence at 11:30 a.m.
• 📜 Agenda includes confirming minutes from the Extra Ordinary General Meeting held on September 24, 2025.
• 💰 Shareholders will review and adopt the audited financial statements for the year ending June 30, 2025.
• ✔️ The appointment of auditors for the year ending June 30, 2026, is on the agenda.
• 🚫 No gifts will be distributed during the general meeting.
• 🤝 Shareholders are advised to follow meeting etiquettes as prescribed by SECP guidelines.
• 🌐 The annual report can be viewed online at http://pacepakistan.com/Pacepakistan/finance_pace.html.
• 🔒 Share transfer books will be closed from October 21 to October 28, 2025 (inclusive).
• 👤 Members entitled to vote can appoint a proxy.
• 🆔 Individual shareholders from CDC must bring original CNIC or Passport for identity verification.
• 🏦 Corporate members from CDC must provide a Board of Directors’ Resolution and/or Power of Attorney.
• 📑 Physical shareholders are encouraged to convert shares to book-entry form.
• ✉️ Changes of address should be notified to the Share Registrar, Corplink (Pvt.) Limited.

🎯 Investment Thesis

Given the limited information available in the AGM notice, it is challenging to form a strong investment thesis. A HOLD recommendation is appropriate until more information is available. A full investment recommendation would require a comprehensive analysis of PACE’s financial performance, industry outlook, and competitive positioning. Based on current limited information HOLD with no specific price target and a medium-term time horizon.