New Risk • May 01
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended March 2025. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported March 2025 fiscal period end). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (PK₨27.6b market cap, or US$99.2m). New Risk • Mar 02
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: PK₨27.3b (US$97.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported March 2025 fiscal period end). Large one-off items impacting financial results. Market cap is less than US$100m (PK₨27.3b market cap, or US$97.8m). New Risk • Dec 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Pakistani stocks, typically moving 9.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.2% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported March 2025 fiscal period end). Large one-off items impacting financial results. New Risk • Nov 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2025. 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: Minor Risks Latest financial reports are more than 6 months old (reported March 2025 fiscal period end). Share price has been volatile over the past 3 months (8.6% average weekly change). Large one-off items impacting financial results. New Risk • Oct 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: PK₨26.4b (US$93.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (PK₨26.4b market cap, or US$93.7m). New Risk • Jul 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Pakistani stocks, typically moving 9.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.3% average weekly change). Large one-off items impacting financial results. 공고 • Jul 18
AKD Securities Limited (KASE:AKDSL) acquired 27.95% stake in Pakistan Services Limited (KASE:PSEL) for PKR 6.3 billion. AKD Securities Limited (KASE:AKDSL) acquired 27.95% stake in Pakistan Services Limited (KASE:PSEL) for PKR 6.3 billion on July 14, 2025. A cash consideration valued at PKR 700 per share will be paid by AKD Securities Limited.
AKD Securities Limited (KASE:AKDSL) completed the acquisition of 27.95% stake in Pakistan Services Limited (KASE:PSEL) on July 14, 2025. New Risk • Jun 23
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: PK₨28.3b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (PK₨28.3b market cap, or US$99.8m). Reported Earnings • May 02
Third quarter 2025 earnings released: EPS: PK₨14.69 (vs PK₨2.98 in 3Q 2024) Third quarter 2025 results: EPS: PK₨14.69 (up from PK₨2.98 in 3Q 2024). Revenue: PK₨4.25b (up 15% from 3Q 2024). Net income: PK₨477.9m (up 393% from 3Q 2024). Profit margin: 11% (up from 2.6% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 02
Second quarter 2025 earnings released: EPS: PK₨13.58 (vs PK₨32.44 in 2Q 2024) Second quarter 2025 results: EPS: PK₨13.58 (down from PK₨32.44 in 2Q 2024). Revenue: PK₨4.71b (up 10% from 2Q 2024). Net income: PK₨446.7m (down 58% from 2Q 2024). Profit margin: 9.5% (down from 25% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Nov 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨847, the stock trades at a trailing P/E ratio of 59x. Average trailing P/E is 21x in the Hospitality industry in Asia. Total loss to shareholders of 43% over the past three years. Reported Earnings • Nov 02
Full year 2024 earnings released: EPS: PK₨13.16 (vs PK₨52.35 loss in FY 2023) Full year 2024 results: EPS: PK₨13.16 (up from PK₨52.35 loss in FY 2023). Revenue: PK₨16.6b (up 22% from FY 2023). Net income: PK₨467.4m (up PK₨2.17b from FY 2023). Profit margin: 2.8% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. 공고 • Oct 31
Pakistan Services Limited, Annual General Meeting, Nov 25, 2024 Pakistan Services Limited, Annual General Meeting, Nov 25, 2024. Location: marriott hotel, islamabad Pakistan Reported Earnings • May 02
Third quarter 2024 earnings released: EPS: PK₨2.98 (vs PK₨26.98 loss in 3Q 2023) Third quarter 2024 results: EPS: PK₨2.98 (up from PK₨26.98 loss in 3Q 2023). Revenue: PK₨3.71b (up 16% from 3Q 2023). Net income: PK₨96.9m (up PK₨974.5m from 3Q 2023). Profit margin: 2.6% (up from net loss in 3Q 2023). New Risk • Apr 26
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: PK₨27.4b (US$98.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.7% average weekly change). Minor Risk Market cap is less than US$100m (PK₨27.4b market cap, or US$98.2m). Reported Earnings • Oct 08
Full year 2023 earnings released Full year 2023 results: Revenue: PK₨13.6b (flat on FY 2022). Net loss: PK₨1.70b (loss widened 377% from FY 2022). New Risk • Sep 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. 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 Risk Earnings have declined by 9.1% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (7.1% average weekly change). Market cap is less than US$100m (PK₨23.4b market cap, or US$78.9m). New Risk • Sep 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. 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 Risk Earnings have declined by 9.1% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Market cap is less than US$100m (PK₨21.1b market cap, or US$69.2m). Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Muhammad Ahmed Marghoob was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Oct 04
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Muhammad Ahmed Marghoob was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment deteriorated over the past week After last week's 18% share price decline to PK₨1,100, the stock trades at a trailing P/E ratio of 53.4x. Average trailing P/E is 25x in the Hospitality industry in Asia. Total returns to shareholders of 7.8% over the past three years. Board Change • Aug 10
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Muhammad Ahmed Marghoob was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • May 23
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Muhammad Ahmed Marghoob was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Mar 07
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Muhammad Ahmed Marghoob was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jan 10
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Muhammad Ahmed Marghoob was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Dec 22
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Muhammad Ahmed Marghoob was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 28
First quarter 2022 earnings released: PK₨0.21 loss per share (vs PK₨14.61 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: PK₨2.44b (up 94% from 1Q 2021). Net loss: PK₨6.93m (loss narrowed 99% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Board Change • Oct 28
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Muhammad Ahmed Marghoob was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 05
Full year 2021 earnings released The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2021 results: Revenue: PK₨7.08b (down 19% from FY 2020). Net loss: PK₨428.7m (loss narrowed 79% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Board Change • Oct 05
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Muhammad Ahmed Marghoob was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 01
Full year 2021 earnings released The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2021 results: Revenue: PK₨7.08b (down 19% from FY 2020). Net loss: PK₨428.7m (loss narrowed 79% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance.