New Risk • Apr 30
New major risk - Revenue and earnings growth Earnings have declined by 0.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-PK₨35m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Negative equity (-PK₨39m). Earnings have declined by 0.6% per year over the past 5 years. Revenue is less than US$1m (PK₨4.0m revenue, or US$14k). Market cap is less than US$10m (PK₨234.8m market cap, or US$842.1k). Reported Earnings • Apr 30
Third quarter 2026 earnings released: PK₨0.30 loss per share (vs PK₨0.06 loss in 3Q 2025) Third quarter 2026 results: PK₨0.30 loss per share (further deteriorated from PK₨0.06 loss in 3Q 2025). Net loss: PK₨4.55m (loss widened 426% from 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 165 percentage points per year, which is a significant difference in performance. 공시 • Apr 17
Pakistan PVC Limited to Report Q3, 2026 Results on Apr 24, 2026 Pakistan PVC Limited announced that they will report Q3, 2026 results on Apr 24, 2026 Reported Earnings • Feb 22
Second quarter 2026 earnings released: EPS: PK₨0.01 (vs PK₨0.14 loss in 2Q 2025) Second quarter 2026 results: EPS: PK₨0.01 (up from PK₨0.14 loss in 2Q 2025). Net income: PK₨157.4k (up PK₨2.17m from 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 148 percentage points per year, which is a significant difference in performance. 공시 • Feb 13
Pakistan PVC Limited to Report First Half, 2026 Results on Feb 20, 2026 Pakistan PVC Limited announced that they will report first half, 2026 results on Feb 20, 2026 Reported Earnings • Nov 01
First quarter 2026 earnings released: PK₨0.11 loss per share (vs PK₨0.12 loss in 1Q 2025) First quarter 2026 results: PK₨0.11 loss per share (improved from PK₨0.12 loss in 1Q 2025). Net loss: PK₨1.70m (loss narrowed 6.3% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 120 percentage points per year, which is a significant difference in performance. 공시 • Oct 24
Pakistan PVC Limited to Report Q1, 2026 Results on Oct 31, 2025 Pakistan PVC Limited announced that they will report Q1, 2026 results on Oct 31, 2025 Reported Earnings • Sep 24
Full year 2025 earnings released: PK₨0.48 loss per share (vs PK₨0.32 loss in FY 2024) Full year 2025 results: PK₨0.48 loss per share (further deteriorated from PK₨0.32 loss in FY 2024). Net loss: PK₨7.18m (loss widened 49% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 70% per year, which means it is well ahead of earnings. 공시 • Sep 22
Pakistan PVC Limited, Annual General Meeting, Oct 17, 2025 Pakistan PVC Limited, Annual General Meeting, Oct 17, 2025. Reported Earnings • May 04
Third quarter 2025 earnings released: PK₨0.06 loss per share (vs PK₨0.24 profit in 3Q 2024) Third quarter 2025 results: PK₨0.06 loss per share (down from PK₨0.24 profit in 3Q 2024). Net loss: PK₨866.6k (down 124% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Reported Earnings • Oct 31
First quarter 2025 earnings released: PK₨0.12 loss per share (vs PK₨0.21 loss in 1Q 2024) First quarter 2025 results: PK₨0.12 loss per share (improved from PK₨0.21 loss in 1Q 2024). Net loss: PK₨1.81m (loss narrowed 43% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 26
Full year 2024 earnings released: PK₨0.32 loss per share (vs PK₨5.93 profit in FY 2023) Full year 2024 results: PK₨0.32 loss per share (down from PK₨5.93 profit in FY 2023). Net loss: PK₨4.82m (down 105% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. 공시 • Sep 25
Pakistan PVC Limited, Annual General Meeting, Oct 18, 2024 Pakistan PVC Limited, Annual General Meeting, Oct 18, 2024. Reported Earnings • May 01
Third quarter 2024 earnings released: EPS: PK₨0.24 (vs PK₨7.09 in 3Q 2023) Third quarter 2024 results: EPS: PK₨0.24 (down from PK₨7.09 in 3Q 2023). Net income: PK₨3.60m (down 97% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 03
First quarter 2024 earnings released: PK₨0.21 loss per share (vs PK₨0.15 loss in 1Q 2023) First quarter 2024 results: PK₨0.21 loss per share (further deteriorated from PK₨0.15 loss in 1Q 2023). Net loss: PK₨3.16m (loss widened 45% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 02
Full year 2023 earnings released: EPS: PK₨5.93 (vs PK₨0.69 loss in FY 2022) Full year 2023 results: EPS: PK₨5.93 (up from PK₨0.69 loss in FY 2022). Net income: PK₨88.7m (up PK₨99.0m from FY 2022). Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 28
Third quarter 2023 earnings released: EPS: PK₨7.09 (vs PK₨0.36 loss in 3Q 2022) Third quarter 2023 results: EPS: PK₨7.09 (up from PK₨0.36 loss in 3Q 2022). Net income: PK₨106.1m (up PK₨111.4m from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 26
Second quarter 2023 earnings released: EPS: PK₨7.41 (vs PK₨0 in 2Q 2022) Second quarter 2023 results: EPS: PK₨7.41 (up from PK₨0 in 2Q 2022). Net income: PK₨110.9m (up PK₨110.9m from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Board Change • Feb 24
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Arshad Javaid was the last independent director to join the board, commencing their role in 2021. 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 30
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Arshad Javaid was the last independent director to join the board, commencing their role in 2021. 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 09
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Arshad Javaid was the last independent director to join the board, commencing their role in 2021. 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 • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Arshad Javaid was the last independent director to join the board, commencing their role in 2021. 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 • Nov 02
First quarter 2023 earnings released: PK₨0.15 loss per share (vs PK₨0.18 loss in 1Q 2022) First quarter 2023 results: PK₨0.15 loss per share (improved from PK₨0.18 loss in 1Q 2022). Net loss: PK₨2.18m (loss narrowed 20% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Board Change • Oct 31
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Arshad Javaid was the last independent director to join the board, commencing their role in 2021. 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 06
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Arshad Javaid was the last independent director to join the board, commencing their role in 2021. 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 • Aug 22
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Arshad Javaid was the last independent director to join the board, commencing their role in 2021. 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 • Jun 03
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Arshad Javaid was the last independent director to join the board, commencing their role in 2021. 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 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Arshad Javaid was the last independent director to join the board, commencing their role in 2021. 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 • May 02
Third quarter 2022 earnings released: PK₨0.36 loss per share (vs PK₨0.18 loss in 3Q 2021) Third quarter 2022 results: PK₨0.36 loss per share (down from PK₨0.18 loss in 3Q 2021). Net loss: PK₨5.35m (loss widened 95% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 24% per year. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Arshad Javaid was the last independent director to join the board, commencing their role in 2021. 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 28
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Arshad Javaid was the last independent director to join the board, commencing their role in 2021. 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 • Mar 02
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: PK₨0.15 loss per share (up from PK₨0.18 loss in 2Q 2021). Net loss: PK₨2.26m (loss narrowed 14% from 2Q 2021). Revenue was in line with analyst estimates. 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 21% per year. Board Change • Mar 02
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Arshad Javaid was the last independent director to join the board, commencing their role in 2021. 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 21
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Arshad Javaid was the last independent director to join the board, commencing their role in 2021. 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 • Nov 01
First quarter 2022 earnings released: PK₨0.18 loss per share (vs PK₨0.22 loss in 1Q 2021) First quarter 2022 results: Net loss: PK₨2.71m (loss narrowed 18% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 18
Full year 2021 earnings released: PK₨0.77 loss per share (vs PK₨1.05 loss in FY 2020) Full year 2021 results: Net loss: PK₨11.6m (loss narrowed 27% from FY 2020). Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 8% per year. Is New 90 Day High Low • Jan 12
New 90-day high: PK₨4.01 The company is up 30% from its price of PK₨3.08 on 14 October 2020. The Pakistani market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 9.0% over the same period. Is New 90 Day High Low • Nov 13
New 90-day low: PK₨2.62 The company is down 19% from its price of PK₨3.25 on 13 August 2020. The Pakistani market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 1.0% over the same period. Reported Earnings • Nov 01
First quarter earnings released Over the last 12 months the company has reported total losses of PK₨14.5m, with losses narrowing by 19% from the prior year. Is New 90 Day High Low • Oct 13
New 90-day low: PK₨2.72 The company is down 9.0% from its price of PK₨3.00 on 09 July 2020. The Pakistani market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 1.0% over the same period. Reported Earnings • Oct 06
Full year earnings released - PK₨1.05 loss per share Over the last 12 months the company has reported total losses of PK₨15.8m, with losses narrowing by 9.9% from the prior year. Reported Earnings • Sep 19
Full year earnings released - PK₨1.05 loss per share Over the last 12 months the company has reported total losses of PK₨15.8m, with losses narrowing by 9.9% from the prior year.