Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to PK₨72.39, the stock trades at a trailing P/E ratio of 20.9x. Average trailing P/E is 17x in the Telecom industry in Asia. Total returns to shareholders of 503% over the past three years. Reported Earnings • Mar 05
Second quarter 2026 earnings released: EPS: PK₨0.56 (vs PK₨1.07 in 2Q 2025) Second quarter 2026 results: EPS: PK₨0.56 (down from PK₨1.07 in 2Q 2025). Revenue: PK₨1.71b (down 35% from 2Q 2025). Net income: PK₨69.8m (down 47% from 2Q 2025). Profit margin: 4.1% (down from 5.0% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 67% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Feb 20
Supernet Limited to Report Q2, 2026 Results on Feb 27, 2026 Supernet Limited announced that they will report Q2, 2026 results at 9:30 AM, Pakistan Standard Time on Feb 27, 2026 Reported Earnings • Nov 09
First quarter 2026 earnings released: EPS: PK₨1.22 (vs PK₨1.03 in 1Q 2025) First quarter 2026 results: EPS: PK₨1.22 (up from PK₨1.03 in 1Q 2025). Revenue: PK₨1.87b (up 7.7% from 1Q 2025). Net income: PK₨150.0m (up 18% from 1Q 2025). Profit margin: 8.0% (up from 7.3% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to PK₨62.08, the stock trades at a trailing P/E ratio of 16.4x. Average trailing P/E is 16x in the Telecom industry in Asia. Total returns to shareholders of 294% over the past three years. New Risk • Oct 26
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 42% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.8% average weekly change). High level of non-cash earnings (42% accrual ratio). Minor Risk Market cap is less than US$100m (PK₨6.19b market cap, or US$22.0m). Aankondiging • Oct 24
Supernet Limited to Report Q1, 2026 Results on Oct 30, 2025 Supernet Limited announced that they will report Q1, 2026 results on Oct 30, 2025 New Risk • Oct 17
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 8.6% 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 (8.6% average weekly change). Minor Risk Market cap is less than US$100m (PK₨7.47b market cap, or US$26.6m). Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨59.80, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 17x in the Telecom industry in Asia. Total returns to shareholders of 278% over the past three years. Reported Earnings • Oct 08
Full year 2025 earnings released: EPS: PK₨3.45 (vs PK₨1.76 in FY 2024) Full year 2025 results: EPS: PK₨3.45 (up from PK₨1.76 in FY 2024). Revenue: PK₨9.27b (up 9.0% from FY 2024). Net income: PK₨468.1m (up 96% from FY 2024). Profit margin: 5.0% (up from 2.8% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Oct 07
Supernet Limited, Annual General Meeting, Oct 27, 2025 Supernet Limited, Annual General Meeting, Oct 27, 2025. Location: hotel crown inn located at plot no.171, off 21, sharah-e-iraq saddar, karachi Pakistan Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to PK₨48.40, the stock trades at a trailing P/E ratio of 26.2x. Average trailing P/E is 17x in the Telecom industry in Asia. Total returns to shareholders of 233% over the past three years. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to PK₨31.98, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 17x in the Telecom industry in Asia. Total returns to shareholders of 68% over the past three years. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to PK₨32.69, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 17x in the Telecom industry in Asia. Total returns to shareholders of 100% over the past three years. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to PK₨17.10, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 18x in the Telecom industry in Asia. Total returns to shareholders of 37% over the past year. Valuation Update With 7 Day Price Move • Jan 30
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to PK₨21.78, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 16x in the Telecom industry in Asia. Total returns to shareholders of 134% over the past year. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to PK₨18.43, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 16x in the Telecom industry in Asia. Total returns to shareholders of 38% over the past year. Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to PK₨14.24, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 15x in the Telecom industry in Asia. Total returns to shareholders of 9.5% over the past year. Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to PK₨13.84, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 15x in the Telecom industry in Asia. Total returns to shareholders of 29% over the past year. Reported Earnings • Oct 12
Full year 2024 earnings released: EPS: PK₨1.93 (vs PK₨1.37 in FY 2023) Full year 2024 results: EPS: PK₨1.93 (up from PK₨1.37 in FY 2023). Revenue: PK₨8.50b (up 117% from FY 2023). Net income: PK₨238.8m (up 29% from FY 2023). Profit margin: 2.8% (down from 4.7% in FY 2023). The decrease in margin was driven by higher expenses. Aankondiging • Oct 11
Supernet Limited, Annual General Meeting, Oct 28, 2024 Supernet Limited, Annual General Meeting, Oct 28, 2024. Location: crowne plaza hotel blue area, islamabad Pakistan Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to PK₨12.06, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 16x in the Telecom industry in Asia. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to PK₨11.00, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 15x in the Telecom industry in Asia. Total loss to shareholders of 22% over the past year. Reported Earnings • May 28
Third quarter 2024 earnings released: EPS: PK₨0.56 (vs PK₨0.74 in 3Q 2023) Third quarter 2024 results: EPS: PK₨0.56 (down from PK₨0.74 in 3Q 2023). Revenue: PK₨2.19b (up 88% from 3Q 2023). Net income: PK₨68.8m (down 31% from 3Q 2023). Profit margin: 3.1% (down from 8.6% in 3Q 2023). The decrease in margin was driven by higher expenses. Board Change • May 14
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. 7 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). was the last director to join the board, commencing their role in . 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 07
Second quarter 2024 earnings released: EPS: PK₨1.10 (vs PK₨0.74 in 2Q 2023) Second quarter 2024 results: EPS: PK₨1.10 (up from PK₨0.74 in 2Q 2023). Revenue: PK₨2.52b (up 116% from 2Q 2023). Net income: PK₨135.4m (up 36% from 2Q 2023). Profit margin: 5.4% (down from 8.6% in 2Q 2023). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to PK₨12.52, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 15x in the Telecom industry in Asia. Total returns to shareholders of 7.0% over the past year. Board Change • Feb 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. 7 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). was the last director to join the board, commencing their role in . 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 • Jan 19
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to PK₨10.90, the stock trades at a trailing P/E ratio of 5x. Average trailing P/E is 16x in the Telecom industry in Asia. Total loss to shareholders of 18% over the past year. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to PK₨14.35, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 15x in the Telecom industry in Asia. Total returns to shareholders of 9.2% over the past year. Reported Earnings • Nov 03
First quarter 2024 earnings released: EPS: PK₨1.27 (vs PK₨0.36 in 1Q 2023) First quarter 2024 results: EPS: PK₨1.27 (up from PK₨0.36 in 1Q 2023). Revenue: PK₨1.46b (up 97% from 1Q 2023). Net income: PK₨156.9m (up 221% from 1Q 2023). Profit margin: 11% (up from 6.6% in 1Q 2023). The increase in margin was driven by higher revenue. Board Change • Nov 03
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. 7 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). was the last director to join the board, commencing their role in . 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 13
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. 7 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). was the last director to join the board, commencing their role in . 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 deteriorates as stock falls 22% After last week's 22% share price decline to PK₨10.01, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 16x in the Telecom industry in Asia. Total loss to shareholders of 28% over the past year. Board Change • Aug 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. 7 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). was the last director to join the board, commencing their role in . 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 02
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. 7 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). was the last director to join the board, commencing their role in . 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 • Jun 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨15.60, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 18x in the Telecom industry in Asia. Total returns to shareholders of 4.0% over the past year. Board Change • May 30
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. 7 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). was the last director to join the board, commencing their role in . 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 11
Second quarter 2023 earnings released: EPS: PK₨0.38 (vs PK₨0.66 in 2Q 2022) Second quarter 2023 results: EPS: PK₨0.38 (down from PK₨0.66 in 2Q 2022). Revenue: PK₨609.3m (down 28% from 2Q 2022). Net income: PK₨46.8m (down 35% from 2Q 2022). Profit margin: 7.7% (down from 8.6% in 2Q 2022). The decrease in margin was driven by lower revenue. Board Change • Feb 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. 7 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). was the last director to join the board, commencing their role in . 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 • Feb 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. 7 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). was the last director to join the board, commencing their role in . 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 No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). was the last director to join the board, commencing their role in . 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 30
Full year 2022 earnings released: EPS: PK₨2.80 (vs PK₨2.12 in FY 2021) Full year 2022 results: EPS: PK₨2.80 (up from PK₨2.12 in FY 2021). Revenue: PK₨3.16b (up 18% from FY 2021). Net income: PK₨287.6m (up 23% from FY 2021). Profit margin: 9.1% (up from 8.8% in FY 2021). The increase in margin was driven by higher revenue. Board Change • Oct 21
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. 7 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 
