New Risk • Jul 02
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 8.1% 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: Major Risks Earnings have declined by 63% per year over the past 5 years. Market cap is less than US$10m (PK₨736.8m market cap, or US$2.65m). Minor Risk Share price has been volatile over the past 3 months (8.1% average weekly change). Reported Earnings • Apr 30
Third quarter 2026 earnings released: PK₨7.68 loss per share (vs PK₨8.63 loss in 3Q 2025) Third quarter 2026 results: PK₨7.68 loss per share (improved from PK₨8.63 loss in 3Q 2025). Revenue: PK₨915.6m (up 11% from 3Q 2025). Net loss: PK₨95.3m (loss narrowed 11% from 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Announcement • Apr 21
Crescent Fibres Limited to Report Q3, 2026 Results on Apr 28, 2026 Crescent Fibres Limited announced that they will report Q3, 2026 results on Apr 28, 2026 Reported Earnings • Mar 02
Second quarter 2026 earnings released: PK₨14.14 loss per share (vs PK₨19.67 loss in 2Q 2025) Second quarter 2026 results: PK₨14.14 loss per share (improved from PK₨19.67 loss in 2Q 2025). Revenue: PK₨831.3m (down 39% from 2Q 2025). Net loss: PK₨135.6m (loss narrowed 45% from 2Q 2025). 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. Announcement • Feb 20
Crescent Fibres Limited to Report Q2, 2026 Results on Feb 27, 2026 Crescent Fibres Limited announced that they will report Q2, 2026 results on Feb 27, 2026 Board Change • Feb 12
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 not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. 2 independent directors (5 non-independent directors). Non-Executive Independent Director Syed Husain was the last independent director to join the board, commencing their role in 2022. 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 04
First quarter 2026 earnings released: PK₨6.27 loss per share (vs PK₨9.44 loss in 1Q 2025) First quarter 2026 results: PK₨6.27 loss per share (improved from PK₨9.44 loss in 1Q 2025). Revenue: PK₨1.01b (down 35% from 1Q 2025). Net loss: PK₨77.9m (loss narrowed 34% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Announcement • Oct 24
Crescent Fibres Limited to Report Q1, 2026 Results on Oct 29, 2025 Crescent Fibres Limited announced that they will report Q1, 2026 results on Oct 29, 2025 Reported Earnings • Oct 02
Full year 2025 earnings released: PK₨62.47 loss per share (vs PK₨61.08 loss in FY 2024) Full year 2025 results: PK₨62.47 loss per share (further deteriorated from PK₨61.08 loss in FY 2024). Revenue: PK₨4.33b (down 33% from FY 2024). Net loss: PK₨775.7m (loss widened 2.3% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. Announcement • Oct 02
Crescent Fibres Limited, Annual General Meeting, Oct 28, 2025 Crescent Fibres Limited, Annual General Meeting, Oct 28, 2025. Board Change • May 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 not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. 2 independent directors (5 non-independent directors). Non-Executive Independent Director Syed Husain was the last independent director to join the board, commencing their role in 2022. 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 2025 earnings released: PK₨8.63 loss per share (vs PK₨23.61 loss in 3Q 2024) Third quarter 2025 results: PK₨8.63 loss per share (improved from PK₨23.61 loss in 3Q 2024). Revenue: PK₨823.1m (down 50% from 3Q 2024). Net loss: PK₨107.2m (loss narrowed 63% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 106 percentage points per year, which is a significant difference in performance. Board Change • Mar 24
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. Non-Executive Independent Director Syed Husain was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 02
Second quarter 2025 earnings released: PK₨21.34 loss per share (vs PK₨6.13 loss in 2Q 2024) Second quarter 2025 results: PK₨21.34 loss per share (further deteriorated from PK₨6.13 loss in 2Q 2024). Revenue: PK₨1.37b (down 32% from 2Q 2024). Net loss: PK₨244.2m (loss widened 221% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Board Change • Feb 25
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. Non-Executive Independent Director Syed Husain was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 10
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. Non-Executive Independent Director Syed Husain was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 13
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. Non-Executive Independent Director Syed Husain was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 02
First quarter 2025 earnings released: PK₨7.77 loss per share (vs PK₨2.51 loss in 1Q 2024) First quarter 2025 results: PK₨7.77 loss per share (further deteriorated from PK₨2.51 loss in 1Q 2024). Revenue: PK₨1.55b (down 22% from 1Q 2024). Net loss: PK₨96.5m (loss widened 210% from 1Q 2024). 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. Reported Earnings • Oct 03
Full year 2024 earnings released: PK₨61.08 loss per share (vs PK₨30.27 profit in FY 2023) Full year 2024 results: PK₨61.08 loss per share (down from PK₨30.27 profit in FY 2023). Revenue: PK₨6.50b (down 5.1% from FY 2023). Net loss: PK₨758.4m (down 302% from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Announcement • Oct 02
Crescent Fibres Limited, Annual General Meeting, Oct 28, 2024 Crescent Fibres Limited, Annual General Meeting, Oct 28, 2024. Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to PK₨65.34, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 6x in the Luxury industry in Pakistan. Total returns to shareholders of 2.6% over the past three years. Announcement • Jul 04
Crescent Fibres Limited Announces Board Changes Crescent Fibres Limited has announced significant changes to its leadership structure effective July 1, 2024. Mr. Nadeem Maqbool has resigned from his roles as chairman and director, and Mrs. Naila Humayun Maqbool, previously a director, has been co-opted as the new Chairman. Additionally, Miss Hanya Maqbool has been appointed as a director of the company. Board Change • May 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. 2 experienced directors. 4 highly experienced directors. 2 independent directors (5 non-independent directors). Non-Executive Independent Director Syed Husain was the last independent director to join the board, commencing their role in 2022. 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 01
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. 3 experienced directors. 3 highly experienced directors. 2 independent directors (5 non-independent directors). Non-Executive Independent Director Syed Husain was the last independent director to join the board, commencing their role in 2022. 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 • Nov 21
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to PK₨87.08, the stock trades at a trailing P/E ratio of 3.2x. Average trailing P/E is 4x in the Luxury industry in Pakistan. Total returns to shareholders of 93% over the past three years. Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to PK₨69.07, the stock trades at a trailing P/E ratio of 2.3x. Average trailing P/E is 3x in the Luxury industry in Pakistan. Total returns to shareholders of 118% over the past three years. New Risk • Oct 14
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 177% 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 Shares are highly illiquid. Market cap is less than US$10m (PK₨645.7m market cap, or US$2.33m). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (5.5% net profit margin). Reported Earnings • Oct 09
Full year 2023 earnings released: EPS: PK₨30.27 (vs PK₨52.72 in FY 2022) Full year 2023 results: EPS: PK₨30.27 (down from PK₨52.72 in FY 2022). Revenue: PK₨6.85b (down 15% from FY 2022). Net income: PK₨375.9m (down 43% from FY 2022). Profit margin: 5.5% (down from 8.1% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 11% per year. Board Change • Oct 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. 3 experienced directors. 3 highly experienced directors. 2 independent directors (5 non-independent directors). Non-Executive Independent Director Syed Husain was the last independent director to join the board, commencing their role in 2022. 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 • Jul 11
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. 3 experienced directors. 3 highly experienced directors. 2 independent directors (5 non-independent directors). Non-Executive Independent Director Syed Husain was the last independent director to join the board, commencing their role in 2022. 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 05
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. 3 experienced directors. 3 highly experienced directors. 2 independent directors (5 non-independent directors). Non-Executive Independent Director Syed Husain was the last independent director to join the board, commencing their role in 2022. 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 07
Third quarter 2023 earnings released: PK₨11.91 loss per share (vs PK₨11.41 profit in 3Q 2022) Third quarter 2023 results: PK₨11.91 loss per share (down from PK₨11.41 profit in 3Q 2022). Revenue: PK₨1.69b (down 19% from 3Q 2022). Net loss: PK₨147.9m (down 204% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Board Change • May 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. 3 experienced directors. 3 highly experienced directors. 2 independent directors (5 non-independent directors). Non-Executive Independent Director Syed Husain was the last independent director to join the board, commencing their role in 2022. 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 12
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. 3 experienced directors. 3 highly experienced directors. 2 independent directors (5 non-independent directors). Non-Executive Independent Director Syed Husain was the last independent director to join the board, commencing their role in 2022. 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 25
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. 3 experienced directors. 3 highly experienced directors. 2 independent directors (5 non-independent directors). Non-Executive Independent Director Syed Husain was the last independent director to join the board, commencing their role in 2022. 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 03
First quarter 2023 earnings released: EPS: PK₨0.65 (vs PK₨14.39 in 1Q 2022) First quarter 2023 results: EPS: PK₨0.65 (down from PK₨14.39 in 1Q 2022). Revenue: PK₨2.04b (up 8.8% from 1Q 2022). Net income: PK₨8.05m (down 96% from 1Q 2022). Profit margin: 0.4% (down from 9.5% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Board Change • Oct 26
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. 3 experienced directors. 3 highly experienced directors. 2 independent directors (5 non-independent directors). Non-Executive Independent Director Syed Husain was the last independent director to join the board, commencing their role in 2022. 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 12
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. 3 experienced directors. 3 highly experienced directors. 2 independent directors (5 non-independent directors). Non-Executive Independent Director Syed Husain was the last independent director to join the board, commencing their role in 2022. 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 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. 3 experienced directors. 3 highly experienced directors. 2 independent directors (5 non-independent directors). Non-Executive Independent Director Syed Husain was the last independent director to join the board, commencing their role in 2022. 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 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: PK₨18.50 (up from PK₨9.30 in 2Q 2021). Revenue: PK₨2.09b (up 48% from 2Q 2021). Net income: PK₨229.7m (up 99% from 2Q 2021). Profit margin: 11% (up from 8.2% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Board Change • Mar 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. 2 experienced directors. 4 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Non Executive Director Muhammad Ali Asif was the last independent director to join the board, commencing their role in 2019. 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 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. 2 experienced directors. 4 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Non Executive Director Muhammad Ali Asif was the last independent director to join the board, commencing their role in 2019. 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: EPS PK₨14.39 (vs PK₨3.87 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: PK₨1.88b (up 30% from 1Q 2021). Net income: PK₨178.7m (up 273% from 1Q 2021). Profit margin: 9.5% (up from 3.3% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Oct 08
Upcoming dividend of PK₨1.50 per share Eligible shareholders must have bought the stock before 15 October 2021. Payment date: 18 November 2021. Trailing yield: 2.7%. Lower than top quartile of Pakistani dividend payers (10%). Lower than average of industry peers (3.6%). Reported Earnings • Oct 01
Full year 2021 earnings released: EPS PK₨36.58 (vs PK₨8.76 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: PK₨6.09b (up 21% from FY 2020). Net income: PK₨454.2m (up 318% from FY 2020). Profit margin: 7.5% (up from 2.2% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment deteriorated over the past week After last week's 15% share price decline to PK₨56.10, the stock trades at a trailing P/E ratio of 2.2x. Average trailing P/E is 5x in the Luxury industry in Pakistan. Total returns to shareholders of 131% over the past three years. Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment improved over the past week After last week's 18% share price gain to PK₨82.99, the stock trades at a trailing P/E ratio of 3.2x. Average trailing P/E is 6x in the Luxury industry in Pakistan. Total returns to shareholders of 242% over the past three years. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improved over the past week After last week's 26% share price gain to PK₨74.99, the stock trades at a trailing P/E ratio of 2.9x. Average trailing P/E is 7x in the Luxury industry in Pakistan. Total returns to shareholders of 194% over the past three years. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment deteriorated over the past week After last week's 15% share price decline to PK₨55.01, the stock trades at a trailing P/E ratio of 2.1x. Average trailing P/E is 6x in the Luxury industry in Pakistan. Total returns to shareholders of 116% over the past three years. Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improved over the past week After last week's 15% share price gain to PK₨59.00, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 9x in the Luxury industry in Pakistan. Total returns to shareholders of 119% over the past three years. Reported Earnings • Feb 28
Second quarter 2021 earnings released: EPS PK₨9.30 (vs PK₨4.12 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: PK₨1.41b (down 9.2% from 2Q 2020). Net income: PK₨115.4m (up 126% from 2Q 2020). Profit margin: 8.2% (up from 3.3% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improved over the past week After last week's 16% share price gain to PK₨58.00, the stock is trading at a trailing P/E ratio of 6x, up from the previous P/E ratio of 5.2x. This compares to an average P/E of 10x in the Luxury industry in Pakistan. Total returns to shareholders over the past three years are 152%. Valuation Update With 7 Day Price Move • Nov 12
Market bids up stock over the past week After last week's 24% share price gain to PK₨40.27, the stock is trading at a trailing P/E ratio of 4.2x, up from the previous P/E ratio of 3.4x. This compares to an average P/E of 9x in the Luxury industry in Pakistan. Total returns to shareholders over the past three years are 33%.