Valuation Update With 7 Day Price Move • May 25
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to PK₨33.36, the stock trades at a trailing P/E ratio of 50.4x. Average trailing P/E is 8x in the Luxury industry in Pakistan. Total returns to shareholders of 253% over the past three years. Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to PK₨33.23, the stock trades at a trailing P/E ratio of 50.2x. Average trailing P/E is 8x in the Luxury industry in Pakistan. Total returns to shareholders of 344% over the past three years. New Risk • May 05
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.9x net interest cover). Share price has been highly volatile over the past 3 months (11% average weekly change). Market cap is less than US$10m (PK₨704.2m market cap, or US$2.53m). Announcement • Apr 22
Saif Textile Mills Limited to Report Q3, 2026 Results on Apr 30, 2026 Saif Textile Mills Limited announced that they will report Q3, 2026 results on Apr 30, 2026 Reported Earnings • Mar 04
Second quarter 2026 earnings released: EPS: PK₨1.82 (vs PK₨6.35 loss in 2Q 2025) Second quarter 2026 results: EPS: PK₨1.82 (up from PK₨6.35 loss in 2Q 2025). Revenue: PK₨2.56b (down 18% from 2Q 2025). Net income: PK₨48.2m (up PK₨216.0m from 2Q 2025). Profit margin: 1.9% (up from net loss in 2Q 2025). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. Announcement • Feb 20
Saif Textile Mills Limited to Report Q2, 2026 Results on Feb 27, 2026 Saif Textile Mills Limited announced that they will report Q2, 2026 results at 9:30 AM, Pakistan Standard Time on Feb 27, 2026 Reported Earnings • Nov 01
First quarter 2026 earnings released: EPS: PK₨0.22 (vs PK₨0.41 in 1Q 2025) First quarter 2026 results: EPS: PK₨0.22 (down from PK₨0.41 in 1Q 2025). Revenue: PK₨2.35b (down 23% from 1Q 2025). Net income: PK₨5.82m (down 46% from 1Q 2025). Profit margin: 0.2% (down from 0.4% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. New Risk • Oct 06
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 Risks Share price has been highly volatile over the past 3 months (8.6% average weekly change). Earnings have declined by 11% per year over the past 5 years. Market cap is less than US$10m (PK₨758.6m market cap, or US$2.70m). Reported Earnings • Oct 02
Full year 2025 earnings released: PK₨14.70 loss per share (vs PK₨0.44 profit in FY 2024) Full year 2025 results: PK₨14.70 loss per share (down from PK₨0.44 profit in FY 2024). Revenue: PK₨11.6b (down 5.3% from FY 2024). Net loss: PK₨388.3m (down PK₨399.9m from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 02
Saif Textile Mills Limited, Annual General Meeting, Oct 24, 2025 Saif Textile Mills Limited, Annual General Meeting, Oct 24, 2025. Location: aptma house tehkal payan, jamrud road, peshawar, Pakistan New Risk • Aug 13
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). Earnings have declined by 18% per year over the past 5 years. Market cap is less than US$10m (PK₨687.0m market cap, or US$2.43m). New Risk • May 08
New major risk - Revenue and earnings growth Earnings have declined by 18% 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 Earnings have declined by 18% per year over the past 5 years. Market cap is less than US$10m (PK₨235.1m market cap, or US$835.0k). Minor Risk Share price has been volatile over the past 3 months (7.4% average weekly change). New Risk • Mar 20
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 7.1% 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 Interest payments are not well covered by earnings (0.8x net interest cover). Market cap is less than US$10m (PK₨299.5m market cap, or US$1.07m). Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results. Announcement • Feb 22
Saif Textile Mills Limited Announces Company Secretary Changes Saif Textile Mills Limited announced the appointment of Mr. Waseemullah as the new Company Secretary, effective February 20, 2025. He succeeds Mr. Sajjad Hussain in this role, marking a change in the company's administrative structure. The change in the company secretary position is part of the firm's ongoing administrative adjustments. The appointment comes as Saif Textile Mills aims to streamline its operations and enhance corporate governance. The transition is expected to support the company's strategic objectives and operational efficiency. New Risk • Dec 10
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 9.6% 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 Risks Interest payments are not well covered by earnings (0.8x net interest cover). Share price has been highly volatile over the past 3 months (9.6% average weekly change). Market cap is less than US$10m (PK₨414.7m market cap, or US$1.49m). Minor Risk Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Dec 06
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to PK₨16.39, the stock trades at a trailing P/E ratio of 37.4x. Average trailing P/E is 9x in the Luxury industry in Pakistan. Total loss to shareholders of 22% over the past three years. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to PK₨13.86, the stock trades at a trailing P/E ratio of 31.7x. Average trailing P/E is 10x in the Luxury industry in Pakistan. Total loss to shareholders of 40% over the past three years. Reported Earnings • Oct 03
Full year 2024 earnings released: EPS: PK₨0.44 (vs PK₨42.93 loss in FY 2023) Full year 2024 results: EPS: PK₨0.44 (up from PK₨42.93 loss in FY 2023). Revenue: PK₨12.2b (up 4.8% from FY 2023). Net income: PK₨11.6m (up PK₨1.15b from FY 2023). Profit margin: 0.1% (up from net loss in FY 2023). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Announcement • Oct 02
Saif Textile Mills Limited, Annual General Meeting, Oct 25, 2024 Saif Textile Mills Limited, Annual General Meeting, Oct 25, 2024. New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Market cap is less than US$10m (PK₨314.6m market cap, or US$1.13m). New Risk • Mar 13
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.3x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.3x net interest cover). Share price has been highly volatile over the past 3 months (9.6% average weekly change). Earnings have declined by 38% per year over the past 5 years. Market cap is less than US$10m (PK₨242.2m market cap, or US$866.9k). New Risk • Nov 13
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 Risks Interest payments are not well covered by earnings (0.3x net interest cover). Share price has been highly volatile over the past 3 months (8.6% average weekly change). Earnings have declined by 12% per year over the past 5 years. Market cap is less than US$10m (PK₨253.3m market cap, or US$881.6k). Board Change • Apr 20
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 Rashid Ibrahim was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 06
Second quarter 2023 earnings released: PK₨20.43 loss per share (vs PK₨8.20 profit in 2Q 2022) Second quarter 2023 results: PK₨20.43 loss per share (down from PK₨8.20 profit in 2Q 2022). Revenue: PK₨2.89b (down 12% from 2Q 2022). Net loss: PK₨539.6m (down 349% from profit in 2Q 2022). 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 19% per year, which means it is significantly lagging earnings. 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 Rashid Ibrahim was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 09
Full year 2022 earnings released: EPS: PK₨10.68 (vs PK₨19.95 in FY 2021) Full year 2022 results: EPS: PK₨10.68 (down from PK₨19.95 in FY 2021). Revenue: PK₨12.7b (up 19% from FY 2021). Net income: PK₨282.1m (down 47% from FY 2021). Profit margin: 2.2% (down from 4.9% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year and the company’s share price has also increased by 1% per year. Board Change • Apr 27
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. 6 non-independent directors. Independent Director Rashid Ibrahim was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
First quarter 2022 earnings released: EPS PK₨5.92 (vs PK₨2.49 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: PK₨2.73b (up 14% from 1Q 2021). Net income: PK₨156.4m (up PK₨222.1m from 1Q 2021). Profit margin: 5.7% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Oct 01
Full year 2021 earnings released: EPS PK₨19.95 (vs PK₨25.43 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: PK₨10.6b (up 39% from FY 2020). Net income: PK₨526.9m (up PK₨1.20b from FY 2020). Profit margin: 4.9% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Executive Departure • Jun 11
Chief Executive Officer Assad Khan has left the company On the 1st of June, Assad Khan was replaced as CEO by Syed Hasnain after less than a year in the role. As of March 2021, Assad still personally held only 500.00 shares (PK₨7.7k worth at the time). A total of 2 executives have left over the last 12 months. Under Assad's leadership, the company delivered a total shareholder return of 24%. Reported Earnings • May 02
Third quarter 2021 earnings released: EPS PK₨8.90 (vs PK₨5.38 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: PK₨2.60b (up 40% from 3Q 2020). Net income: PK₨235.1m (up PK₨377.3m from 3Q 2020). Profit margin: 9.0% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Mar 11
New 90-day low: PK₨14.26 The company is down 1.0% from its price of PK₨14.42 on 11 December 2020. The Pakistani market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 18% over the same period. Reported Earnings • Feb 28
Second quarter 2021 earnings released: EPS PK₨3.01 (vs PK₨2.02 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: PK₨2.46b (up 8.8% from 2Q 2020). Net income: PK₨79.4m (up PK₨132.9m from 2Q 2020). Profit margin: 3.2% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 22
New 90-day high: PK₨17.15 The company is up 10.0% from its price of PK₨15.54 on 21 October 2020. The Pakistani market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Luxury industry, which is up 22% over the same period. Reported Earnings • Oct 28
First quarter earnings released Over the last 12 months the company has reported total losses of PK₨697.8m, with earnings decreasing by PK₨1.44b from the prior year. Total revenue was PK₨8.13b over the last 12 months, down 9.8% from the prior year. Is New 90 Day High Low • Oct 20
New 90-day low: PK₨13.49 The company is down 6.0% from its price of PK₨14.37 on 22 July 2020. The Pakistani market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 7.0% over the same period. Announcement • Oct 08
Saif Textile Mills Limited Not Recommend Cash Dividend for the Year Ended June 30, 2020 The Board of Saif Textile Mills Limited in its meeting held on October 07, 2020, has recommended a cash dividend of Nil per share compared to final cash
dividend at the rate of 10% PKR 1 per share. 
