Strength-8 - FoxLogica

📉 FIMM: SELL Signal (8/10) – Financial Results for the Quarter Ended September 30, 2025

⚡ Flash Summary

First Imrooz Modaraba reported a challenging quarter ending September 30, 2025, with a loss of PKR 2.185 million compared to a profit of PKR 29.162 million in the same period last year. Sales decreased from PKR 308.119 million to PKR 252.402 million. The decrease in profitability is attributed to lower sales and higher levies. The company’s cash flow from operating activities also shows a significant decline compared to the previous year, emphasizing the need for strategic adjustments.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Net loss of PKR 2.185 million compared to a profit of PKR 29.162 million YoY.
📉 Sales decreased by 18.08% from PKR 308.119 million to PKR 252.402 million YoY.
💰 Operating expenses increased to PKR 32.996 million from PKR 26.193 million YoY.
💸 Financial charges decreased to PKR 5.703 million from PKR 8.078 million YoY.
📊 Basic and diluted loss/earnings per certificate is PKR -0.73 compared to PKR 9.72 YoY.
⬇️ Cash generated from operating activities decreased from PKR -101.19 million to PKR 12.130 million YoY.
liabilities increased from PKR 169.485 million to PKR 25.264 million YoY.
⬆️ Cash generated from investing activities decreased from PKR 15,000 to PKR -9.048 million YoY.
⬆️ Receipts of Qard-e-Hasana from Modaraba Management Company decreased from PKR 133.00 million to PKR 69.00 million YoY.
⬇️ Repayment of Musharaka finances decreased from PKR -438.844 million to PKR -419.978 million YoY.
❌ No dividends were declared for the period.
🏦 Cash and bank balances decreased to PKR 5.918 million from PKR 13.928 million YoY.
⚠️ Company faced significant pressure on profitability and cash flow during the quarter.
🤔 Decline in sales and increase in levies contributed to the net loss.

🎯 Investment Thesis

Given the negative financial performance, including a net loss and declining revenue, a SELL recommendation is warranted. The price target is PKR 5, with a time horizon of 6 months, based on the expectation of continued market pressures and operational inefficiencies. The company needs to demonstrate significant improvements in profitability and cash flow to justify a more positive outlook. Without substantial changes, the stock is likely to underperform.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

AGTL announcements Signal: SELL

📉 AGTL: SELL Signal (8/10) – Transmission of Quarterly Report for the Period Ended September 30, 2025

⚡ Flash Summary

Al-Ghazi Tractors Limited (AGTL) reported a significant downturn in its financial performance for the nine-month period ended September 30, 2025. The company experienced a substantial decline in sales and revenue, primarily due to weakened farmer economics and deferred purchasing decisions amid anticipation of the Chief Minister’s Green Tractors Scheme. Resultantly, AGTL recorded a loss after tax of Rs. 270 million, a stark contrast to the profit of Rs. 2,369 million in the corresponding period last year. Despite these challenges, AGTL remains cautiously optimistic about the remainder of the year, expecting support from the Green Tractor Scheme to boost sales volumes.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Operating revenue declined by 59% to Rs. 9,761 million compared to Rs. 23,836 million last year.
🚜 Tractor sales significantly decreased as the company produced 5,005 units and sold 4,126 units, compared to 9,620 and 9,619 units, respectively, in the same period last year.
🌾 Approximately 2.5 million acres of crops were destroyed due to recent floods, representing about 7.7% of the country’s total cultivated land, impacting sales.
✅ AGTL successfully secured 3,728 units, representing 39% of the 9,500 tractors allocated under Phase I of the Chief Minister’s Green Tractors Scheme.
💰 Cost of sales decreased by 56% to Rs. 8,032 million from Rs. 18,135 million in the corresponding period last year.
⚠️ Gross profit decreased to Rs. 1,729 million, a decrease of Rs. 3,972 million compared to the corresponding period last year.
💸 Distribution and administrative expenses increased to Rs. 391 million and Rs. 1,390 million, respectively.
⛔️ Loss before tax is Rs. 405 million, compared to a profit before tax of Rs. 3,902 million in the corresponding period last year.
🔴 Loss after tax is Rs. 270 million, as compared to a profit after tax of Rs. 2,369 million in the same period last year.
📉 Loss per share recorded at Rs. 4.65 compared to profit per share of Rs. 40.87 for the same period last year.
🚧 The company is facing headwinds from the ongoing conflict along the western border, which poses a potential risk to export operations to Afghanistan.
🏢 Proposal to change Registered Office from Karachi to Lahore, pending approval at the upcoming Extraordinary General Meeting.
🌱 Anticipated support from the Green Tractor Scheme is expected to contribute positively to sales volumes in the last quarter.

🎯 Investment Thesis

Given the poor financial results, challenging market conditions, and increased risks, a SELL recommendation is warranted for AGTL. The company’s reliance on government schemes and vulnerability to economic downturns make it a risky investment. The significant decline in profitability and negative cash flow further support this recommendation. While the Green Tractor Scheme may provide some short-term relief, the long-term outlook remains uncertain. Further, there is a considerable potential risk in the continuity of export operations. A price target revision is needed to adequately reflect the decreased valuation.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements MACFL Signal: SELL

📉 MACFL: SELL Signal (8/10) – Financial Results for the Quarter Ended September 30, 2025

⚡ Flash Summary

Macpac Films Limited (MACFL) reported a loss of PKR 19.34 million for the quarter ended September 30, 2025, compared to a profit of PKR 7.45 million in the same period last year. Revenue decreased by 6.96% year-over-year to PKR 1,372.42 million. The loss per share (LPS) was PKR 0.33, versus earnings per share (EPS) of PKR 0.13 in the prior year. No cash dividend, bonus shares, or right shares were recommended by the board.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 MACFL reported a loss after tax of PKR 19.34 million for Q3 2025, a significant downturn from a profit of PKR 7.45 million in Q3 2024.
Revenue from contracts with customers decreased by 6.96% to PKR 1,372.42 million from PKR 1,475.07 million year-over-year.
🚫 The company’s earnings per share (EPS) turned negative, reporting a loss per share (LPS) of PKR 0.33 compared to an EPS of PKR 0.13 in the corresponding quarter of the previous year.
Gross profit increased by 4.27% to PKR 176.12 million from PKR 168.90 million year-over-year.
Operating profit declined significantly by 43.09% to PKR 21.46 million from PKR 37.70 million.
Finance costs increased by 20.06% to PKR 31.87 million from PKR 26.54 million.
Other income increased to PKR 8.22 million from PKR 6.35 million.
Administrative expenses increased by 28.56% to PKR 100.76 million from PKR 78.38 million.
Marketing and distribution expenses increased to PKR 49.37 million from PKR 45.88 million.
No cash dividend was declared for the quarter ended September 30, 2025.
💰 Cash and bank balances decreased to PKR 57.53 million as of September 30, 2025, compared to PKR 65.09 million as of June 30, 2025.
⚠️ The company experienced net cash outflow from operating activities of PKR 77.10 million, compared to an inflow of PKR 7.22 million in the same period last year.
❌ No bonus or right shares were announced.
Total assets decreased slightly to PKR 5,262.42 million from PKR 5,268.98 million since June 30, 2025.

🎯 Investment Thesis

Given the company’s current financial performance, including declining revenues, a shift to a loss, increasing finance costs, and negative cash flow, a SELL recommendation is warranted. The company’s operational inefficiencies and increasing expenses raise concerns about its long-term sustainability. The lack of dividend announcement further indicates financial constraints. The price target will be calculated when there is a clear picture with more stable financials.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements GAMON Signal: SELL

📉 GAMON: SELL Signal (8/10) – Financial Results Q1 – 2026 Ended September 30, 2025

⚡ Flash Summary

GAMMON Pakistan Limited’s unaudited financial results for Q1 2026 (ended September 30, 2025) reveal a challenging period. The company experienced a significant net contract loss of PKR 218,070 compared to no contract income in the same period last year. This, coupled with operating expenses, led to an operating loss of PKR 5,327,877. The company reported a loss after tax of PKR 5,649,083, translating to a negative earnings per share (EPS) of PKR (0.20).

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Net contract loss of PKR 218,070 compared to zero income in Q1 2025.
📉 Operating loss of PKR 5,327,877 against an operating profit of PKR 1,807,029 in Q1 2025.
⚠️ Loss after tax deepened to PKR 5,649,083 from a profit of PKR 1,333,920 in the corresponding period.
🔻 Negative earnings per share (EPS) of PKR (0.20) compared to a positive EPS of PKR 0.05 in Q1 2025.
❌ Total Assets decreased slightly from PKR 996,860,538 to PKR 991,122,637.
🔻 Revenue reserve declined from PKR 376,040,627 to PKR 370,629,012.
🔻 Accumulated profit decreased from PKR 376,040,627 to PKR 370,629,012.
💰 Cash and bank balances decreased slightly from PKR 1,946,260 to PKR 1,835,851.
🚧 Current liabilities remained relatively stable at around PKR 197 million.
👍 Share capital remained unchanged at PKR 282,662,310.
👍 Share premium reserve stayed constant at PKR 15,380,330.
👍 Long-term investments held steady at PKR 189,340,000.
👍 Long term security deposits remain stable at PKR 1,350,600

🎯 Investment Thesis

Based on the current financial performance, a SELL recommendation is warranted. The company’s transition to a net contract loss, coupled with increasing operating expenses and a significant loss after tax, indicates substantial challenges. The price target rationale is based on the expectation of continued losses and the absence of clear turnaround strategies. A price target revision would be necessary upon evidence of improved profitability and operational efficiency.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements CJPL Signal: SELL

📉 CJPL: SELL Signal (8/10) – Financial Results for the Quarter Ended September 30, 2025

⚡ Flash Summary

Crescent Jute Products Limited (CJPL) reports a challenging quarter ending September 30, 2025, with a significant loss after taxation of PKR 1.475 million, although this is an improvement compared to the PKR 2.127 million loss in the same quarter last year. Revenue remains minimal at PKR 73,760, a stark contrast to the negative revenue of PKR 480,507 in the prior year, which may indicate some accounting adjustments. The company’s accumulated loss has increased to PKR 478.122 million. Cash flow from operations remains negative, signaling continued liquidity pressures.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 CJPL’s Loss After Taxation: PKR 1.475 million (Q3 2025) vs. PKR 2.127 million (Q3 2024).
📈 Revenue: PKR 73,760 in Q3 2025, a massive increase from negative PKR 480,507 in Q3 2024.
⛔️ Accumulated Loss: Increased to PKR 478.122 million as of September 30, 2025.
💸 Negative Operating Cash Flow: Indicates ongoing liquidity issues.
⚠️ Total Equity: Negative PKR 204.854 million, highlighting severe financial distress.
🏦 Current Assets: Significantly lower at PKR 771,592 compared to PKR 2.532 million as of June 30, 2025.
💰 Bank Balances: Decreased drastically to PKR 39,646 from PKR 1.547 million, raising concerns about solvency.
🚧 Operating Fixed Assets: Slightly decreased to PKR 1.603 million from PKR 1.640 million.
🧾 Total Liabilities: Remain high at PKR 207.228 million.
Share premium remains unchanged at PKR 35.633 million.
Basic and diluted Loss Per Share improved to (0.06) from (0.09).
Cash used in operating activities increased from (31,867) to (1,503,275).

🎯 Investment Thesis

SELL. The company’s negative equity, minimal revenue, and dwindling cash reserves suggest a high probability of financial distress. Even with the reduced loss, the underlying financial health is deteriorating. Therefore, a sell recommendation is justified to avoid further capital erosion. The current situation makes any investment highly speculative with a low probability of positive returns.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements QUICE Signal: BUY

📈 QUICE: BUY Signal (8/10) – Transmission of Quarterly Financial Statements for the period ended Sept. 30, 2025

⚡ Flash Summary

Quice Food Industries Limited reported strong first-quarter results for the period ended September 30, 2025. The company achieved a significant topline growth of 52.67%, with sales reaching PKR 425.740 million compared to PKR 278.857 million in the same period last year. Profit after taxation increased to PKR 3.539 million from PKR 1.232 million, reflecting improved strategic pricing and cost management. Export sales remained a key driver, constituting 62.71% of total sales, while domestic sales also grew by 66.80% due to sustained demand and product quality.

Signal: BUY 📈

Strength: 8/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

🚀 Topline growth of 52.67%, with sales at PKR 425.740 million.
📈 Sales increased from PKR 278.857 million in the same quarter last year.
💰 Profit after taxation increased to PKR 3.539 million.
📊 Previous year profit was PKR 1.232 million.
🌍 Export sales constitute 62.71% of total sales.
🏡 Domestic sales notched up by 66.80%.
💲 Earnings per share stood at Re. 0.04.
💵 Prior year EPS was Re. 0.01.
📉 Distribution costs increased to PKR 58.974 million from PKR 34.584 million.
🏢 Administrative expenses also went up to PKR 15.974 million from PKR 12.779 million.

🎯 Investment Thesis

BUY. Quice Foods’ impressive Q1 2025 performance, driven by strong topline growth and improved profitability, makes it an attractive investment. The company’s focus on exports and domestic sales, combined with efficient cost management, positions it well for future growth. A price target of PKR 15.00, based on a forward P/E of 15x FY26 EPS estimate of PKR 1.00, seems justified. The time horizon is MEDIUM_TERM.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements AWT-FUNDS Signal: SELL

📉 AWT-FUNDS: SELL Signal (8/10) – Financial Results for the quarter ended September 30, 2025

⚡ Flash Summary

The AWT Income Fund reports its financials for the quarter ended September 30, 2025. Net assets decreased from 1,908,100,000 to 1,805,105,000. The net income for the period after taxation decreased from 102,620,000 to 44,588,000. The number of units in issue also saw a decrease from 17,238,982 to 15,924,772.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 Net assets decreased by 5.4% from June 30, 2025, to September 30, 2025.
💰 Total assets decreased from PKR 2,008,461,000 to PKR 1,856,418,000.
📉 Total liabilities decreased significantly from PKR 100,361,000 to PKR 51,313,000.
💸 Net income for the quarter decreased substantially from PKR 102,620,000 to PKR 44,588,000.
📉 Earnings per unit decreased, reflecting lower profitability.
📉 Number of units in issue decreased from 17,238,982 to 15,924,772.
🔻 Net assets value per unit increased slightly from PKR 110.6851 to PKR 113.3520.
⬇️ Cash and cash equivalents decreased from PKR 375,491,000 to PKR 250,401,000.
📉 Mark-up income decreased from PKR 84,228,000 to PKR 52,250,000.
⬇️ Total income decreased from PKR 111,339,000 to PKR 51,595,000.
📈 Expenses decreased slightly from PKR 8,719,000 to PKR 7,007,000.

🎯 Investment Thesis

Based on the financial results for the quarter ended September 30, 2025, a SELL recommendation is warranted for AWT Income Fund. The significant decrease in net income, assets, and earnings per unit indicates a weakening financial position. The price target rationale is based on the expectation of continued underperformance given the current trends. The time horizon for this recommendation is medium-term, as the fund may take some time to stabilize or improve its performance.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements Signal: SELL

📉 LPL: SELL Signal (8/10) – TRANSMISSION OF QUARTERLY REPORT FOR THE PERIOD ENDED 30-09-2025

⚡ Flash Summary

Lalpir Power Limited (LPL) reported a significant after-tax loss of PKR 829.583 million for the quarter ended September 30, 2025, a stark contrast to the profit of PKR 4,734.916 million in the same period last year. This decline is primarily attributed to the termination of the Power Purchase Agreement (PPA) and subsequent cost reduction measures undertaken by the company, including voluntary severance schemes. Despite the loss, LPL maintains a strong financial position with substantial investments in mutual funds and savings accounts, totaling PKR 11,286 million as of September 30, 2025. The company is exploring new avenues for income generation, including participation in the Competitive Trading Bilateral Contracts Market (CTBCM).

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 After-tax loss of PKR 829.583 million for Q3 2025, a major drop from last year.
❌ Loss per share of PKR 2.18 compared to earnings per share of PKR 12.47 last year.
⚡ Revenue significantly decreased due to the PPA termination.
💰 Company holds PKR 11,286 million in investments and saving accounts.
💪 Financial position considered sound despite the PPA termination.
🤝 Exploring CTBCM for future electricity sales.
💼 Buy-back of up to 100 million ordinary shares proposed to enhance book value.
🗓️ Buy-back period from November 27, 2025, to May 15, 2026.
✂️ Cost reduction measures implemented, including VSS.
🏭 Power plant maintained in preservation mode.
💡 Seeking new income opportunities and business ventures.
🔒 No remuneration to non-executive directors except meeting fees.
💧 Legal dispute over canal water rates ongoing.

🎯 Investment Thesis

Given the significant financial losses, uncertainty about future revenue streams, I recommend a SELL rating. The loss of the PPA creates substantial questions about the company’s ability to generate consistent profits. A price target cannot be reasonably estimated at this time due to the lack of revenue visibility. The time horizon is medium to long-term, as the company needs time to secure new revenue streams and demonstrate sustainable profitability.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements Signal: SELL SUHJ

📉 SUHJ: SELL Signal (8/10) – Financial Results for the Quarter Ended 30.09.2025

⚡ Flash Summary

SUHJ reported its financial results for the quarter ended September 30, 2025. The company’s sales and cost of sales are not reported, resulting in no gross profit. Administrative and finance expenses led to a loss before taxation of PKR 15.24 million, and the loss after taxation was also PKR 15.24 million, unchanged from the loss before taxation. The loss per share was PKR 3.52, compared to PKR 3.29 in the same period last year.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: LONG_TERM

📌 Key Takeaways

❌ No Sales: Company reports no sales for the quarter ended 30.09.2025.
📉 Gross Loss: Unable to assess gross profit or loss due to missing revenue and cost of sales figures.
⚠️ Administrative Expenses: Administrative expenses increased from PKR 13.59 million to PKR 14.58 million.
💸 Finance Costs: Finance costs decreased slightly from PKR 663,729 to PKR 659,774.
❗ Loss Before Taxation: Loss before taxation increased from PKR 14.26 million to PKR 15.24 million.
❗ Loss After Taxation: Loss after taxation increased from PKR 14.26 million to PKR 15.24 million.
📉 Loss Per Share: Loss per share increased from PKR 3.29 to PKR 3.52.
⬆️ Cash and bank balances increased from PKR 1.45 million to PKR 2.95 million
📉 Advances, prepayments decreased from PKR 2.84 million to PKR 2.57 million
📈 Advance income tax increased from PKR 986,471 to PKR 1.12 million
⬆️ Short term borrowings increased from PKR 184.98 million to PKR 386.17 million
⬆️ Cash flow from financing activities increased from PKR 9.46 million to PKR 11.98 million

🎯 Investment Thesis

Given the absence of sales and increasing losses, a SELL recommendation is warranted. The company shows no sign of profitability or operational efficiency, and the increasing debt adds further concern. A price target cannot be reasonably established, given the lack of financial viability. The time horizon for any potential turnaround is highly uncertain.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

AGIL announcements Signal: BUY

📈 AGIL: BUY Signal (8/10) – Financial Results for the Quarter Ended September 30, 2025

⚡ Flash Summary

Agriauto Industries Limited (AGIL) reported its financial results for the quarter ended September 30, 2025. The consolidated results show a significant increase in turnover and profit after taxation compared to the same quarter last year. Specifically, turnover increased substantially, and the company moved from a loss to a profit. The board did not recommend any cash dividend, bonus issue, or right shares for the period.

Signal: BUY 📈

Strength: 8/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

🚀 Agriauto’s consolidated turnover increased to PKR 3,856.27 million in Q3 2025 from PKR 2,298.52 million in Q3 2024.
📈 Gross profit surged to PKR 561.40 million compared to PKR 166.51 million in the same period last year.
💰 The company reported an operating profit of PKR 354.51 million, a significant turnaround from PKR 19.80 million in Q3 2024.
💸 Profit/loss before levies and income tax improved to PKR 284.84 million from a loss of PKR (48.18) million year-over-year.
📊 After-tax profit stood at PKR 192.58 million, a notable recovery from a loss of PKR (64.76) million in Q3 2024.
⭐ Basic and diluted earnings per share (EPS) was PKR 5.35, compared to a loss per share of PKR (1.80) last year.
🏦 Total Assets increased to PKR 10,774.28 million as of September 30, 2025, compared to PKR 9,654.58 million as of June 30, 2025.
🧾 The company’s Issued, subscribed and paid-up capital remained constant at PKR 180 million.
⚠️ No cash dividend, bonus issue, or right shares were recommended by the Board of Directors.
🔒 Short-term finances secured increased significantly to PKR 1,546.01 million compared to PKR 806.93 million as of June 30, 2025.
✅ Unconsolidated turnover increased to PKR 2,507.66 million from PKR 1,487.44 million in the same period last year.
✅ Unconsolidated profit/loss after taxation soared to PKR 194.28 million, a stark contrast to a loss of PKR (128.85) million in Q3 2024.
✅ Unconsolidated earnings per share improved to PKR 5.40 from a loss per share of PKR (3.58) year-over-year.

🎯 Investment Thesis

Agriauto Industries Limited presents a **BUY** opportunity based on the strong turnaround in financial performance for the quarter ended September 30, 2025. The substantial increase in turnover, improved profitability, and positive EPS indicate effective management and growth potential. Given the company’s financial momentum, a price target of PKR 250, valuing the company at a P/E of 10x with current EPS, is reasonable, contingent on sustained performance and sector dynamics. The time horizon for achieving this target is MEDIUM_TERM, approximately 12-18 months.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

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