Reported Earnings • Apr 28
Third quarter 2026 earnings released: EPS: PK₨0.99 (vs PK₨1.01 in 3Q 2025) Third quarter 2026 results: EPS: PK₨0.99 (down from PK₨1.01 in 3Q 2025). Revenue: PK₨358.7m (down 19% from 3Q 2025). Net income: PK₨45.0m (down 1.4% from 3Q 2025). Profit margin: 13% (up from 10% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Apr 17
OLP Modaraba to Report Q3, 2026 Results on Apr 26, 2026 OLP Modaraba announced that they will report Q3, 2026 results at 12:30 PM, Pakistan Standard Time on Apr 26, 2026 Annonce • Feb 10
OLP Modaraba to Report First Half, 2026 Results on Feb 17, 2026 OLP Modaraba announced that they will report first half, 2026 results on Feb 17, 2026 Reported Earnings • Nov 01
First quarter 2026 earnings released: EPS: PK₨0.73 (vs PK₨0.76 in 1Q 2025) First quarter 2026 results: EPS: PK₨0.73 (down from PK₨0.76 in 1Q 2025). Revenue: PK₨385.4m (down 27% from 1Q 2025). Net income: PK₨33.3m (down 3.5% from 1Q 2025). Profit margin: 8.6% (up from 6.6% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 17% per year. Upcoming Dividend • Oct 12
Upcoming dividend of PK₨2.50 per share Eligible shareholders must have bought the stock before 17 October 2025. Payment date: 18 November 2025. Payout ratio is a comfortable 65% but the company is not cash flow positive. Trailing yield: 10%. Within top quartile of Pakistani dividend payers (7.1%). Higher than average of industry peers (2.5%). New Risk • Oct 09
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 29% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.3x net interest cover). Market cap is less than US$10m (PK₨1.12b market cap, or US$3.99m). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Reported Earnings • Sep 27
Full year 2025 earnings released: EPS: PK₨3.84 (vs PK₨3.48 in FY 2024) Full year 2025 results: EPS: PK₨3.84 (up from PK₨3.48 in FY 2024). Revenue: PK₨1.89b (down 11% from FY 2024). Net income: PK₨174.1m (up 10% from FY 2024). Profit margin: 9.2% (up from 7.5% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 15% per year. Declared Dividend • Sep 27
Dividend increased to PK₨2.50 Dividend of PK₨2.50 is 25% higher than last year. Ex-date: 17th October 2025 Payment date: 18th November 2025 Dividend yield will be 10%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (51% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 6.4% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 02
Second quarter 2025 earnings released: EPS: PK₨1.29 (vs PK₨0.80 in 2Q 2024) Second quarter 2025 results: EPS: PK₨1.29 (up from PK₨0.80 in 2Q 2024). Revenue: PK₨505.9m (down 5.7% from 2Q 2024). Net income: PK₨58.4m (up 60% from 2Q 2024). Profit margin: 12% (up from 6.8% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Oct 29
First quarter 2025 earnings released: EPS: PK₨0.73 (vs PK₨0.89 in 1Q 2024) First quarter 2025 results: EPS: PK₨0.73 (down from PK₨0.89 in 1Q 2024). Revenue: PK₨525.8m (flat on 1Q 2024). Net income: PK₨33.2m (down 17% from 1Q 2024). Profit margin: 6.3% (down from 7.6% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to PK₨14.20, the stock trades at a trailing P/E ratio of 4.1x. Average trailing P/E is 5x in the Diversified Financial industry in Pakistan. Total returns to shareholders of 37% over the past three years. Upcoming Dividend • Oct 10
Upcoming dividend of PK₨2.00 per share Eligible shareholders must have bought the stock before 17 October 2024. Payment date: 18 November 2024. Payout ratio is a comfortable 58% but the company is not cash flow positive. Trailing yield: 13%. Within top quartile of Pakistani dividend payers (11%). Higher than average of industry peers (2.4%). Reported Earnings • Sep 27
Full year 2024 earnings released: EPS: PK₨3.48 (vs PK₨2.84 in FY 2023) Full year 2024 results: EPS: PK₨3.48 (up from PK₨2.84 in FY 2023). Revenue: PK₨2.11b (up 11% from FY 2023). Net income: PK₨157.7m (up 23% from FY 2023). Profit margin: 7.5% (up from 6.8% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 6% per year. Declared Dividend • Sep 19
Dividend of PK₨2.00 announced Shareholders will receive a dividend of PK₨2.00. Ex-date: 17th October 2024 Payment date: 18th November 2024 Dividend yield will be 13%, which is higher than the industry average of 1.6%. Sustainability & Growth The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 4.6% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annonce • Sep 18
OLP Modaraba, Annual General Meeting, Oct 28, 2024 OLP Modaraba, Annual General Meeting, Oct 28, 2024. Location: at (iqbal auditorium of national institute of, banking and finance,pakistan), located at maulvi tamizuddin khan road, (m.t.khan road), karachi Pakistan New Risk • Nov 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.2x net interest cover). Market cap is less than US$10m (PK₨538.7m market cap, or US$1.87m). Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Upcoming Dividend • Oct 10
Upcoming dividend of PK₨2.00 per share at 16% yield Eligible shareholders must have bought the stock before 17 October 2023. Payment date: 16 November 2023. Payout ratio is on the higher end at 76% but the company is not cash flow positive. Trailing yield: 16%. Within top quartile of Pakistani dividend payers (13%). Lower than average of industry peers (20%). Annonce • Jun 08
OLP Modaraba Appoints Naila Hassan as Director OLP Modaraba appointed Ms. Naila Hassan as Director. Reported Earnings • Mar 06
Second quarter 2023 earnings released: EPS: PK₨0.74 (vs PK₨0.48 in 2Q 2022) Second quarter 2023 results: EPS: PK₨0.74 (up from PK₨0.48 in 2Q 2022). Revenue: PK₨451.8m (up 24% from 2Q 2022). Net income: PK₨33.5m (up 54% from 2Q 2022). Profit margin: 7.4% (up from 5.9% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 10% per year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Nadim Khan was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Oct 12
Upcoming dividend of PK₨2.00 per share Eligible shareholders must have bought the stock before 19 October 2022. Payment date: 18 November 2022. Payout ratio is on the higher end at 97%, however this is supported by cash flows. Trailing yield: 13%. Within top quartile of Pakistani dividend payers (12%). Lower than average of industry peers (15%). Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Nadim Khan was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Feb 15
ORIX Modaraba Announces Resignation of Zohaib Yaqoob as Director Orix Modaraba announced that Mr. Zohaib Yaqoob has resigned as Director of the company with effect from February 14, 2022. Reported Earnings • Oct 27
First quarter 2022 earnings released: EPS PK₨0.70 (vs PK₨0.60 in 1Q 2021) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2022 results: Revenue: PK₨367.6m (down 14% from 1Q 2021). Net income: PK₨31.9m (up 17% from 1Q 2021). Profit margin: 8.7% (up from 6.4% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment deteriorated over the past week After last week's 15% share price decline to PK₨16.07, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 11x in the Diversified Financial industry in Pakistan. Total returns to shareholders of 52% over the past three years. Upcoming Dividend • Oct 08
Upcoming dividend of PK₨2.90 per share Eligible shareholders must have bought the stock before 15 October 2021. Payment date: 16 November 2021. Trailing yield: 15%. Within top quartile of Pakistani dividend payers (10%). Higher than average of industry peers (12%). Reported Earnings • Sep 23
Full year 2021 earnings released: EPS PK₨3.36 (vs PK₨2.81 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: PK₨1.68b (down 17% from FY 2020). Net income: PK₨152.5m (up 20% from FY 2020). Profit margin: 9.1% (up from 6.3% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 21
Third quarter 2021 earnings released: EPS PK₨0.64 (vs PK₨0.59 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: PK₨415.9m (down 19% from 3Q 2020). Net income: PK₨29.2m (up 8.9% from 3Q 2020). Profit margin: 7.0% (up from 5.2% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 20
Second quarter 2021 earnings released: EPS PK₨0.75 (vs PK₨0.85 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and revenues, although profit margins were improved. Second quarter 2021 results: Revenue: PK₨421.0m (down 21% from 2Q 2020). Net income: PK₨34.0m (down 12% from 2Q 2020). Profit margin: 8.1% (up from 7.3% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 22
New 90-day high: PK₨18.42 The company is up 2.0% from its price of PK₨18.02 on 23 October 2020. The Pakistani market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Diversified Financial industry, which is up 7.0% over the same period. Is New 90 Day High Low • Nov 14
New 90-day low: PK₨17.01 The company is down 9.0% from its price of PK₨18.71 on 13 August 2020. The Pakistani market is flat over the last 90 days, indicating the company underperformed over that time. It also underperformed the Diversified Financial industry, which is up 1.0% over the same period. Reported Earnings • Oct 27
First quarter earnings released Over the last 12 months the company has reported total profits of PK₨132.8m, up 4.0% from the prior year. Total revenue was PK₨1.95b over the last 12 months, down 4.9% from the prior year. Valuation Update With 7 Day Price Move • Oct 21
Market pulls back on stock over the past week After last week's 15% share price decline to PK₨18.02, the stock is trading at a trailing P/E ratio of 6.4x, down from the previous P/E ratio of 7.6x. This compares to an average P/E of 26x in the Diversified Financial industry in Pakistan. Total returns to shareholders over the past three years are 42%. Is New 90 Day High Low • Oct 16
New 90-day low: PK₨18.03 The company is down 5.0% from its price of PK₨18.98 on 17 July 2020. The Pakistani market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Diversified Financial industry, which is up 13% over the same period. Valuation Update With 7 Day Price Move • Oct 16
Market pulls back on stock over the past week After last week's 15% share price decline to PK₨18.03, the stock is trading at a trailing P/E ratio of 6.4x, down from the previous P/E ratio of 7.6x. This compares to an average P/E of 25x in the Diversified Financial industry in Pakistan. Total returns to shareholders over the past three years are 38%. Reported Earnings • Oct 09
Full year earnings released - EPS PK₨2.81 Over the last 12 months the company has reported total profits of PK₨127.5m, up 1.1% from the prior year. Total revenue was PK₨2.01b over the last 12 months, largely unchanged from the prior year. Profit margins were 6.3%, which is in line with last year. Reported Earnings • Sep 30
Full year earnings released - EPS PK₨2.81 Over the last 12 months the company has reported total profits of PK₨127.5m, up 1.1% from the prior year. Total revenue was PK₨2.01b over the last 12 months, largely unchanged from the prior year. Profit margins were 6.3%, which is in line with last year. Is New 90 Day High Low • Sep 29
New 90-day high: PK₨20.02 The company is up 11% from its price of PK₨18.00 on 01 July 2020. The Pakistani market is up 18% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Diversified Financial industry, which is up 35% over the same period. 