Reported Earnings • Apr 30
Third quarter 2026 earnings released: PK₨0.13 loss per share (vs PK₨0.03 loss in 3Q 2025) Third quarter 2026 results: PK₨0.13 loss per share (further deteriorated from PK₨0.03 loss in 3Q 2025). Net loss: PK₨10.5m (loss widened 309% from 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 51% per year, which means it is well ahead of earnings. Announcement • Apr 20
D.S. Industries Limited to Report Q3, 2026 Results on Apr 28, 2026 D.S. Industries Limited announced that they will report Q3, 2026 results on Apr 28, 2026 Reported Earnings • Feb 26
Second quarter 2026 earnings released: EPS: PK₨0.06 (vs PK₨0.074 in 2Q 2025) Second quarter 2026 results: EPS: PK₨0.06 (down from PK₨0.074 in 2Q 2025). Net income: PK₨5.25m (down 15% from 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 52% per year, which means it is well ahead of earnings. Announcement • Feb 18
D.S. Industries Limited to Report Q2, 2026 Results on Feb 25, 2026 D.S. Industries Limited announced that they will report Q2, 2026 results on Feb 25, 2026 Announcement • Oct 24
D.S. Industries Limited to Report Q1, 2026 Results on Oct 29, 2025 D.S. Industries Limited announced that they will report Q1, 2026 results on Oct 29, 2025 Reported Earnings • Oct 07
Full year 2025 earnings released: EPS: PK₨0.06 (vs PK₨0.041 loss in FY 2024) Full year 2025 results: EPS: PK₨0.06 (up from PK₨0.041 loss in FY 2024). Net income: PK₨5.25m (up PK₨8.70m from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 140 percentage points per year, which is a significant difference in performance. Announcement • Oct 06
D.S. Industries Limited, Annual General Meeting, Oct 28, 2025 D.S. Industries Limited, Annual General Meeting, Oct 28, 2025. Location: avari xpress, 11-k, main boulevard, gulberg ii, lahore Pakistan New Risk • Sep 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. 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 Revenue is less than US$1m (PK₨16m revenue, or US$57k). Market cap is less than US$10m (PK₨631.8m market cap, or US$2.24m). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Share price has been volatile over the past 3 months (9.1% average weekly change). New Risk • Sep 12
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 9.3% 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 Risks Share price has been highly volatile over the past 3 months (9.3% average weekly change). Revenue is less than US$1m (PK₨16m revenue, or US$57k). Market cap is less than US$10m (PK₨631.8m market cap, or US$2.24m). New Risk • Nov 22
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 9.8% 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 Risks Share price has been highly volatile over the past 3 months (9.8% average weekly change). Revenue is less than US$1m (PK₨22m revenue, or US$77k). Market cap is less than US$10m (PK₨568.2m market cap, or US$2.05m). Reported Earnings • Oct 09
Full year 2024 earnings released: PK₨0.041 loss per share (vs PK₨0.17 loss in FY 2023) Full year 2024 results: PK₨0.041 loss per share (improved from PK₨0.17 loss in FY 2023). Revenue: PK₨29.2m (down 22% from FY 2023). Net loss: PK₨3.46m (loss narrowed 76% from FY 2023). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Oct 05
D.S. Industries Limited, Annual General Meeting, Oct 28, 2024 D.S. Industries Limited, Annual General Meeting, Oct 28, 2024. Location: at the registered office of the company, i.e.20-k,gulberg ii, lahore Pakistan Announcement • Jan 23
D.S. Industries Limited Announces Election of Directors D.S. Industries Limited has confirmed that seven shareholders have expressed their consent to serve as directors. The list of contesting candidates includes Mrs. Rehana Pervez Ahmed and Mrs. Ayesha Ahmed Mansoor, both nominated for the role of Female Director. Additionally, Mr. Ghulam Abbas and Mr. M. Nauman Naeem are set to take positions as Independent Directors. The remaining candidates, Mr. Ali Pervez Ahmed, Mr. Hassan Ibrahim Ahmed, and Mr. Suleman Ahmed, will serve as Other Directors. New Risk • Aug 08
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 7.9% 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 Risks Share price has been highly volatile over the past 3 months (7.9% average weekly change). High level of non-cash earnings (64% accrual ratio). Revenue is less than US$1m (PK₨17m revenue, or US$60k). Market cap is less than US$10m (PK₨175.7m market cap, or US$613.0k). Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to PK₨2.40, the stock trades at a trailing P/E ratio of 3x. Average trailing P/E is 3x in the Luxury industry in Pakistan. Total returns to shareholders of 50% over the past three years. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improved over the past week After last week's 18% share price gain to PK₨3.25, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 2x in the Luxury industry in Pakistan. Total returns to shareholders of 54% over the past three years. 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 M. Ilyas was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 6 non-independent directors. Director Hassan Ahmed was the last 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. Announcement • Jan 28
D.S. Industries Limited Announces Board Changes D.S. Industries Limited appointed Mr. Hassan Ibrahim Ahmed has been appointed as Directors of the company with effect from January 25, 2022 in place of Mr. Pervez Ahmed. Reported Earnings • Oct 08
Full year 2021 earnings released: PK₨0.12 loss per share (vs PK₨0.40 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: PK₨134.0m (up 14% from FY 2020). Net loss: PK₨9.68m (loss narrowed 71% from FY 2020). 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 20% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 02
Third quarter 2021 earnings released: PK₨0.11 loss per share (vs PK₨0.07 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: PK₨34.7m (down 4.7% from 3Q 2020). Net loss: PK₨9.34m (loss widened 65% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 28
Second quarter 2021 earnings released: PK₨0.16 loss per share (vs PK₨0.011 loss in 2Q 2020) The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: PK₨39.2m (up 6.0% from 2Q 2020). Net loss: PK₨13.4m (loss widened PK₨12.4m from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Jan 14
New 90-day high: PK₨3.76 The company is up 44% from its price of PK₨2.62 on 16 October 2020. The Pakistani market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 25% over the same period. Is New 90 Day High Low • Dec 24
New 90-day high: PK₨3.14 The company is up 35% from its price of PK₨2.33 on 25 September 2020. The Pakistani market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 9.0% 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₨25.8m, with losses narrowing by 72% from the prior year. Total revenue was PK₨119.3m over the last 12 months, down 66% from the prior year. Is New 90 Day High Low • Oct 19
New 90-day high: PK₨2.81 The company is up 80% from its price of PK₨1.56 on 21 July 2020. The Pakistani market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 7.0% over the same period. Reported Earnings • Oct 08
Full year earnings released - PK₨0.40 loss per share Over the last 12 months the company has reported total losses of PK₨33.5m, with losses narrowing by 59% from the prior year. Total revenue was PK₨117.7m over the last 12 months, down 80% from the prior year. 
