Strength-6 - FoxLogica

⏸️ CPHL: HOLD Signal (6/10) – Financial Results for the Quarter Ended

⚡ Flash Summary

Citi Pharma Limited’s financial results for the quarter ended September 30, 2025, reveal a mixed performance. Revenue increased slightly compared to the same period last year, but profitability metrics show a decline. The company reported a decrease in profit before income tax, and the earnings per share saw a marginal increase. While the balance sheet remains relatively stable, cash flow from operating activities has significantly decreased, raising concerns about short-term liquidity.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

✅ Revenue increased to PKR 3,370.25 million in Q3 2025 from PKR 3,224.64 million in Q3 2024, a 4.52% increase.
📉 Gross profit increased to PKR 518.97 million in Q3 2025 from PKR 428.51 million in Q3 2024, a 21.11% increase.
📉 Operating profit rose to PKR 420.36 million in Q3 2025 from PKR 341.42 million in Q3 2024, a 23.12% increase.
⚠️ Financial charges increased significantly to PKR 121.19 million in Q3 2025 from PKR 64.57 million in Q3 2024, a 87.67% increase.
📉 Profit before income tax decreased to PKR 302.28 million in Q3 2025 from PKR 340.29 million in Q3 2024, a 11.17% decrease.
⚠️ Profit after income tax increased to PKR 203.69 million in Q3 2025 from PKR 201.50 million in Q3 2024, a 1.09% increase.
📈 Earnings per share (EPS) increased slightly to PKR 0.89 in Q3 2025 from PKR 0.88 in Q3 2024.
⚠️ Cash and bank balances decreased to PKR 23.15 million as of September 30, 2025, from PKR 603.55 million as of June 30, 2025.
📉 Short term investments decreased to PKR 892.35 million from PKR 956.39 million.
📉 Total Equity increased to PKR 11,071.27 million as of September 30, 2025, from PKR 10,867.58 million as of June 30, 2025.
📉 Cash flow from operating activities significantly decreased to PKR -463.73 million in Q3 2025 from PKR -54.42 million in Q3 2024.
⚠️ Cash and cash equivalents decreased to PKR 910.95 million as of September 30, 2025, from PKR 1,201.76 million as of September 30, 2024, and PKR 1,491.47 million as of the beginning of the period.
No cash dividend, bonus shares, or right shares were declared for the quarter.
Total assets decreased to PKR 17,866.96 million as of September 30, 2025, from PKR 18,439.45 million as of June 30, 2025.

🎯 Investment Thesis

HOLD. The mixed financial performance and concerning decrease in cash flow from operating activities warrant a cautious approach. While revenue has increased, the profitability metrics and liquidity issues raise concerns. A HOLD recommendation is appropriate until the company demonstrates improved cost management, enhanced operational efficiency, and stronger cash flow generation. Further monitoring of financial charges and working capital management is essential.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements ENGROH Signal: HOLD

⏸️ ENGROH: HOLD Signal (6/10) – FINANCIAL RESULTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025 (CONSOLIDATED AND STANDALONE)

⚡ Flash Summary

Engro Holdings reported consolidated profit after tax (PAT) of PKR 86.152 billion for the nine months ended September 30, 2025, a significant increase compared to PKR 42.017 million in the previous year. This translates to an EPS of PKR 34.89 versus PKR 13.21 last year. However, much of this increase comes from the reversal of previously recognized impairment related to thermal energy assets. Excluding this one-off event, the core attributable PAT was PKR 15.156 million.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

💰 Consolidated PAT reached PKR 86.152 billion, a substantial increase YoY.
📈 EPS surged to PKR 34.89, compared to PKR 13.21 in the prior year.
🔄 Reversal of impairment on thermal energy assets significantly impacted PAT.
🔥 Core PAT, excluding the one-off reversal, stood at PKR 15.156 million.
📉 Standalone PAT decreased to PKR 370 million (EPS of PKR 0.31) vs PKR 6.114 billion (EPS of PKR 12.70) last year, primarily due to the transfer of income-generating investments to DH Partners.
🏢 Engro Corporation became a wholly-owned subsidiary; previously, profit attribution was 39.97%.
✔️ 723 million new shares were issued, impacting EPS comparisons.
♨️ Termination of thermal asset divestment led to reclassification as continuing operations.
💸 Reversal of impairment and other adjustments amounted to PKR 54.174 million.
📶 Group consolidated Deodar (~10,600 towers), following the transaction with PMCL on June 3, 2025.
🌾 Fertilizers performance was impacted by weaker farmer economics and flood-related damage to cropped areas.
🧪 Polymers business faced headwinds, including low core delta, rising gas prices, and weaker market demand.
⚡ EPTL dispatched a Net Electrical Output of 2,789 GWh, versus 2,573 GWH last year, despite planned maintenance.
🚫 No interim dividend was declared for 2025.
📊 Assets and Liabilities for Deodar Towers recorded at provisional fair values of PKR 220,612 million and PKR 167,679 million respectively

🎯 Investment Thesis

Given the mixed performance and the impact of one-off gains, a HOLD recommendation is appropriate. The company’s core earnings require further analysis to ascertain the true profitability and future growth prospects. The consolidation of Deodar Towers presents a strategic opportunity but carries integration risks. The target price and time horizon cannot be determined without further due diligence and market information. The company is presenting the appropriate steps to increase long term shareholder value.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements Signal: HOLD

⏸️ SFL: HOLD Signal (6/10) – Material Information

⚡ Flash Summary

Sapphire Fibres Limited (SFL) announced on October 29, 2025, its intention to make an additional equity investment of up to USD 2.5 million in its wholly-owned US subsidiary, Sapphire USA, LLC. This follows an initial investment of USD 5 million already made. The strategic move aims to strengthen SFL’s presence in the United States market, improve profitability by enhancing market access, and foster closer engagement with key customers. This disclosure is in compliance with the Securities Act, 2015 and PSX regulations.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

💰 SFL plans an additional equity investment of up to $2.5 million in Sapphire USA, LLC.
🌍 This investment is on top of the $5 million already invested.
🇺🇸 The goal is to strengthen SFL’s presence in the United States market.
📈 SFL aims to improve profitability through enhanced market access.
🤝 Closer engagement with key customers is a priority.
🗓️ The announcement was made on October 29, 2025.
📜 The disclosure complies with the Securities Act, 2015.
🇵🇰 The information is disseminated to the Pakistan Stock Exchange (PSX).
🏢 Sapphire USA, LLC is a wholly-owned subsidiary.
🤝 The company seeks improved relationships with US-based customers.
🎯 Strategic alignment with US market opportunities.
💼 Investment supports long-term growth strategy.

🎯 Investment Thesis

HOLD. Given the limited financial details and projections, I recommend a HOLD rating on Sapphire Fibres. The strategic investment in the US market is positive, but without a clear understanding of the expected returns and associated risks, it’s difficult to justify a BUY rating. A price target cannot be accurately determined without more information, and I am assigning a time horizon of MEDIUM_TERM (6-12 months) to reassess the investment’s impact as more information becomes available.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements MERIT Signal: HOLD

⏸️ MERIT: HOLD Signal (6/10) – FINANCIAL RESULTS FOR THE QUARTER ENDED SEPTEMBER 30, 2025

⚡ Flash Summary

Merit Packaging Limited’s unaudited financial results for the quarter ended September 30, 2025, reveal a mixed performance. Revenue decreased significantly to PKR 936.738 million from PKR 1,519.786 million in the same quarter last year. However, the company reported a substantial profit of PKR 471.996 million, a turnaround from a loss of PKR 34.976 million in the corresponding period of 2024, primarily driven by a gain on the disposal of the gravure division amounting to PKR 505.660 million. Earnings per share (EPS) also saw a positive shift, reaching PKR 2.36 compared to a loss per share of PKR 0.17 in the previous year.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 Revenue declined significantly by 38.36% YoY, from PKR 1,519.786 million to PKR 936.738 million.
⬆️ Gross profit decreased by 34.6% YoY, from PKR 99.197 million to PKR 64.856 million.
💰 Operating profit decreased substantially by 64.7% YoY, from PKR 35.872 million to PKR 12.646 million.
✅ The company recorded a significant gain of PKR 505.660 million from the disposal of its gravure division.
⬆️ Profit before tax drastically improved to PKR 471.996 million, compared to a loss of PKR 34.976 million in the prior year.
⬆️ Earnings per share (EPS) turned positive, reaching PKR 2.36, compared to a loss per share of PKR 0.17 in the same quarter last year.
⬇️ General and administrative expenses decreased from PKR 44.292 million to PKR 42.059 million.
⬇️ Selling and distribution expenses decreased from PKR 25.012 million to PKR 21.753 million.
⬆️ Other income increased from PKR 8.841 million to PKR 14.963 million.
⬇️ Cash generated from operations is negative PKR 213.234 million compared to positive PKR 144.560 million.
✅ Proceeds from the sale of operating fixed assets are PKR 800.000 million.
⬇️ Cash and cash equivalents decreased from PKR (700.080) million to PKR (319.616) million.

🎯 Investment Thesis

Given the mixed financial performance and the significant impact of a one-time gain, a HOLD recommendation is appropriate. The company’s declining revenue and negative operating cash flow are concerning, warranting caution. The price target should be revisited once the financial impact of the disposed gravure division normalizes and a clearer picture of the company’s core performance emerges. Time horizon: Medium-Term.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements Signal: HOLD

⏸️ FNEL: HOLD Signal (6/10) – Financial Results for the Quarter Ended 30-Sep-2025

⚡ Flash Summary

First National Equities Limited (FNEL) reported a profit after tax of PKR 12.876 million for the quarter ended September 30, 2025, compared to a loss of PKR 16.393 million in the same period last year. This turnaround is primarily attributed to a significant increase in operating revenue driven by unrealized gains on re-measurement of investments. However, increased administrative and finance costs partially offset these gains, indicating areas needing closer scrutiny.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

💰 Operating revenue decreased significantly from PKR 5,678,883 to PKR 366,483.
📈 Realized gain on sale of investments decreased from PKR 2,048,695 to PKR 119,313.
📊 Unrealized gain on re-measurement of investments showed a significant positive change, from a loss of PKR 321,473 to a gain of PKR 18,185,904.
✅ Operating profit increased substantially from PKR 7,406,105 to PKR 18,671,700.
expenses decreased significantly from PKR 21,895,717 to PKR 6,671,854.
💸 Finance costs decreased from PKR 5,869,952 to zero.
🌟 Profit/(loss) before tax turned positive, from a loss of PKR 15,758,690 to a profit of PKR 13,170,450.
📉 Taxation increased from PKR 78,970 to PKR 169,581.
✅ Profit/(loss) after tax turned positive, from a loss of PKR 15,837,660 to a profit of PKR 13,000,869.
✨ Earnings/(loss) per share – basic improved from a loss of PKR 0.061 to earnings of PKR 0.048.
Total assets increased from PKR 1,716,315,987 to PKR 1,736,581,687.
Total liabilities increased from PKR 634,374,642 to PKR 638,789,527.
Net assets increased from PKR 1,081,941,345 to PKR 1,097,792,160.
Cash and cash equivalents decreased from PKR 299,682,952 to PKR 5,463,284.

🎯 Investment Thesis

HOLD. While the company has shown a remarkable turnaround in profitability due to unrealized investment gains, it’s crucial to assess the sustainability of these gains. Further analysis is required to understand revenue strategies and expense management. A more concrete BUY or SELL recommendation would depend on subsequent quarters demonstrating sustained operational improvements. The price target will depend on future outlook.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements DIIL Signal: HOLD

⏸️ DIIL: HOLD Signal (6/10) – Transmission of Quarterly Report for the Period Ended 2025-09-30

⚡ Flash Summary

Diamond Industries Limited reports a profit after taxation of Rs. 1.751 million for the quarter ended September 30, 2025, a significant turnaround compared to the loss of Rs. (3.789) million in the corresponding quarter of 2024. This improvement is primarily attributed to dividend income of Rs. 8.772 million offsetting operating expenses of Rs. (5.700) million, as the company’s manufacturing operations remain suspended since January 10, 2023, due to adverse economic conditions. The Board intends to resume commercial operations by leasing factory premises in Lahore and has communicated this plan to the PSX. The earnings per share (EPS) improved to Rs. 0.19 from Rs. (0.42) in the same quarter last year.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

✅ Profit after taxation of Rs. 1.751 million, a significant improvement from a loss of Rs. (3.789) million in Q3 2024.
💰 Dividend income of Rs. 8.772 million played a crucial role in offsetting operating expenses.
🏭 Manufacturing operations remain suspended since January 10, 2023, due to adverse economic conditions.
🏢 Operating expenses for the quarter totaled Rs. (5.700) million.
🏢 Board plans to resume operations by leasing factory premises with plant and machinery in Lahore.
📢 This plan was communicated to the Pakistan Stock Exchange (PSX) via PURARS on September 12, 2025.
💪 Full financial and operational support from Directors, Sponsors, and Associated Undertakings to reinitiate production.
📈 Earnings per share (EPS) improved to Rs. 0.19 from Rs. (0.42) year over year.
✔️ No plans to liquidate assets or remain non-operational long-term.
🤝 Appreciation expressed to staff, workers, and stakeholders for their continued support.
🏦 Significant non-current liabilities of Rs. 137.298 million remain due to related parties, specifically Allied Bank Limited, with no defined repayment schedule.
🌱 Unrealized gain arising on remeasurement investments available for sale is Rs. 99.177 million.

🎯 Investment Thesis

HOLD. While Diamond Industries Limited has shown improvement in its financial performance due to dividend income, the suspension of manufacturing operations presents a significant challenge. The planned resumption of operations through leasing is a positive step, but its success and timeline remain uncertain. Given these factors, a HOLD rating is appropriate until there is clear evidence of successful operational turnaround and sustained profitability. Price target: Given the uncertain conditions, it is difficult to assign a specific price target. The implied valuation relies on the successful operational turnaround. Time horizon: MEDIUM_TERM (12-18 months) to assess the success of the leasing and re-operationalization strategy.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements MCBIM-FUNDS Signal: HOLD

⏸️ MCBIM-FUNDS: HOLD Signal (6/10) – MCB DCF INCOME FUND (MCB DCF IF) TRANSMISSION OF QUATERLY REPORT FOR THE PERIOD ENDED SEPTEMBER 30, 2025

⚡ Flash Summary

MCB DCF Income Fund reported a decrease in net assets, standing at Rs. 19,912 million as of September 30, 2025, compared to Rs. 20,766 million as of June 30, 2025, representing a decrease of 4.11%. The NAV per unit increased to Rs. 112.1574 from Rs. 109.5304, reflecting a Rs. 2.627 increase per unit. The fund’s annualized return was 9.52%, underperforming against its benchmark return of 10.57%. The fund’s allocation remained largely in T-Bills, PIBs, and GOP Ijara Sukuk, with the fund invested 43.4% in PIBs, 4.5% in GOP Ijara Sukuk, and 7.7% in T-Bills.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 Net Assets decreased by 4.11% from Rs. 20,766 million to Rs. 19,912 million.
📈 NAV per unit increased by Rs. 2.627, from Rs. 109.5304 to Rs. 112.1574.
🎯 Annualized return was 9.52%, falling short of the benchmark return of 10.57%.
⏳ WAM (Weighted Average Maturity) of the fund increased to 2.2 years.
🏦 43.4% of the fund was invested in PIBs (Pakistan Investment Bonds).
📜 4.5% of the fund was allocated to GOP Ijara Sukuk.
🧾 7.7% was held in T-Bills.
🏛️ The country’s current account deficit was USD 624 million for the first two months of fiscal year 2026.
💹 Trade Deficit increased by 7.4% YoY with exports rising by 10.2% and imports by 8.8%.
💸 Remittances inflows grew by 7.0% to USD 6.4 billion.
Reserve remain stable around USD 14.4 billion
💲 USD/PKR appreciated by 0.9% to 281.3 during the fiscal year.
Inflation represented by CPI averaged 4.2% during 1QFY26 compared to 9.2% last year.
GDP grew at 3.0% in FY25.
Tax collection increased by 12.8% missing the target by PKR 198 billion.

🎯 Investment Thesis

HOLD. While the NAV per unit increased, the fund’s underperformance against its benchmark and the decrease in net assets raise concerns. Investors should monitor the fund’s performance closely and reassess their position based on future results. Given these factors, a HOLD recommendation is appropriate at this time. Price Target: Maintain current NAV, Time Horizon: MEDIUM_TERM (6-12 months).

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements MCBIM-FUNDS Signal: HOLD

⏸️ MCBIM-FUNDS: HOLD Signal (6/10) – PAKISTAN INCOME FUND (PIF) TRANSMISSION OF QUATERLY REPORT FOR THE PERIOD ENDED SEPTEMBER 30, 2025

⚡ Flash Summary

The Pakistan Income Fund (PIF) quarterly report for the period ended September 30, 2025, shows a positive performance with an annualized return of 10.94%, exceeding the benchmark return of 10.57%. The fund’s net assets increased significantly by 75.79% to Rs. 2,396 million compared to June 30, 2025. However, the Net Asset Value (NAV) per unit decreased slightly to Rs. 56.5412. The fund’s investment portfolio is diversified across T-Bills, PIBs, and TFC/Sukuks. The issuance of fresh units has been temporarily suspended to ensure fair treatment of unit holders.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📈 Fund generated an annualized return of 10.94%, surpassing its benchmark of 10.57%.
💰 Net Assets increased significantly by 75.79%, reaching Rs. 2,396 million as of September 30, 2025.
📉 Net Asset Value (NAV) per unit decreased slightly by Rs. 1.5176 to Rs. 56.5412.
📊 Portfolio allocation: 9.0% in T-Bills, 29.4% in PIBs, and 15.4% in TFC/Sukuks.
📅 Weighted average maturity of the fund stood at 1.7 years.
🚫 Issuance of fresh units temporarily suspended from September 25, 2025.
🤝 Management Company agreed to convert TFCs worth Rs. 49.94 million into 9.2 million ordinary shares of PACE at Rs. 9 per share.
🌱 GDP growth is expected to be 3.5% in FY26, with agriculture growing at 2.8%.
🏦 SBP reserves are projected to increase to USD 17.5 billion by year-end.
💲 A modest current account deficit of around USD 1.5 billion (0.3% of GDP) is anticipated for FY26.
inflation is expected to remain in single digits, averaging 6.3% for the year.
📉 The fiscal deficit is expected to clock in at 4.0% in FY26, the lowest since FY2006.
⬇️ SBP has decreased interest rates by a cumulative 1,100 bps since June 2024.
💼 Net Assets of the open-end mutual funds industry increased by 10.3% to PKR 4,065 billion.
🏦 Money Market funds lead with a 44.8% share, followed by Income/fixed return funds at 36.2%.

🎯 Investment Thesis

HOLD. While the fund shows positive performance, the slight decrease in NAV per unit and the temporary suspension of fresh unit issuance require monitoring. The fund’s strong asset growth and returns above benchmark are encouraging, but further analysis is needed to determine long-term sustainability. Target price: Rs. 58, Time horizon: Medium Term.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements MCBIM-FUNDS Signal: HOLD

⏸️ MCBIM-FUNDS: HOLD Signal (6/10) – PAKISTAN SOVEREIGN FUND (PSF) TRANSMISSION OF QUATERLY REPORT FOR THE PERIOD ENDED SEPTEMBER 30, 2025

⚡ Flash Summary

MCB Pakistan Sovereign Fund’s report for the quarter ended September 30, 2025, indicates a mixed performance amid evolving economic conditions. The fund generated an annualized return of 9.44%, lagging behind its benchmark return of 10.65%. Net assets increased significantly by 30.76% to Rs. 37,677 million compared to the previous quarter. The NAV per unit rose to Rs. 56.34, showing a modest increase of Rs. 1.31 per unit. The fund maintains a substantial cash exposure of 17.7%.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEUTRAL

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📈 Fund’s net assets increased by 30.76% to Rs. 37,677 million.
📊 NAV per unit increased by Rs. 1.31 to Rs. 56.34.
📉 Annualized return of 9.44% underperformed against a benchmark return of 10.65%.
💰 Cash exposure at period-end was 17.7%.
🌐 Pakistan’s revised GDP growth clocked at 3.0% in FY25.
📌 CPI averaged 4.2% during 1QFY26 compared to 9.2% in the corresponding period last year.
💸 FBR tax collection increased by 12.8% in 1QFY26 to PKR 2,885 billion, missing the target by PKR 198 billion.
⚠️ Country posted a current account deficit of USD 624 million in the first two months of fiscal year 2026.
💹 Remittances inflows grew at a healthy rate of 7.0% to USD 6.4 billion.
🔒 SBP’s foreign exchange reserves remained stable around USD 14.4 billion.
🇵🇰 USD/PKR appreciated by 0.9% to 281.3 during the fiscal year.
📉 The SBP has decreased interest rates by a cumulative 1,100bps since June-24, declining to 11.0% from 22.0%.
🔮 GDP growth is expected to clock at 3.5% in FY26, with agriculture at 2.8%.
🎯 Fiscal deficit is expected to clock in at 4.0% in FY26, the lowest since FY2006.
🏦 Open-end mutual funds industry increased by about 10.3% during 1QFY26 to PKR 4,065 billion.

🎯 Investment Thesis

Given the mixed performance, specifically, asset appreciation is positive, but failing to meet the benchmark is concerning. I would advise a HOLD position for MCBIM-FUNDS while monitoring the fund’s ability to increase returns. The price target is cautiously set at Rs. 57.00 based on a modest expected growth in NAV over the next quarter. Improved investment strategies are required to meet targets. This is a HOLD until improvements are seen.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements JKSM Signal: HOLD

⏸️ JKSM: HOLD Signal (6/10) – Financial Results for the Quarter Ended 2025-09-30

⚡ Flash Summary

J.K. Spinning Mills Limited reported its unaudited financial results for the quarter ended September 30, 2025. Revenue increased slightly compared to the same period last year, while profit after taxation showed a significant jump. The company declared no cash dividend, bonus shares, or right shares. The financial statements include the statement of financial position, statement of profit or loss, statement of changes in equity, and statement of cash flows.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEUTRAL

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

⬆️ Revenue increased to PKR 10,377.90 million, up from PKR 10,034.06 million in Q3 2024.
✅ Gross profit increased to PKR 1,403.18 million compared to PKR 1,376.88 million in the same quarter last year.
📉 Distribution costs decreased from PKR 348.64 million to PKR 295.27 million.
📊 Administrative expenses slightly increased to PKR 158.09 million from PKR 153.30 million.
👍 Other income decreased significantly from PKR 89.38 million to PKR 35.56 million.
✨ Profit from operations decreased to PKR 827.01 million from PKR 851.53 million year-over-year.
💸 Finance costs decreased to PKR 377.86 million from PKR 578.39 million.
💰 Profit before levy and taxation increased substantially to PKR 484.71 million from PKR 362.52 million.
➖ Levy decreased significantly to PKR 61.70 million from PKR 157.34 million.
📈 Profit before taxation increased to PKR 423.01 million compared to PKR 205.18 million.
🧾 Profit after taxation increased significantly to PKR 307.75 million from PKR 205.18 million.
⭐ Earnings per share (basic and diluted) increased to PKR 3.01 from PKR 2.01.
🏦 Cash used in operations significantly improved from PKR (1,709.44) million to PKR (572.99) million.

🎯 Investment Thesis

HOLD. The company’s financials show improvement in profitability and working capital management. While revenue growth is moderate, significant increase in net profit makes the company look promising. A more in-depth analysis of sector dynamics is needed. The current ratio is less than one, which should be monitored closely.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

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