Reported Earnings • Apr 24
Third quarter 2026 earnings released: PK₨0.19 loss per share (vs PK₨0.33 loss in 3Q 2025) Third quarter 2026 results: PK₨0.19 loss per share (improved from PK₨0.33 loss in 3Q 2025). Net loss: PK₨121.4m (loss narrowed 2.7% from 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Apr 16
Balochistan Glass Limited to Report Q3, 2026 Results on Apr 23, 2026 Balochistan Glass Limited announced that they will report Q3, 2026 results at 9:30 AM, Pakistan Standard Time on Apr 23, 2026 Reported Earnings • Feb 18
Second quarter 2026 earnings released: PK₨0.18 loss per share (vs PK₨0.87 loss in 2Q 2025) Second quarter 2026 results: PK₨0.18 loss per share (improved from PK₨0.87 loss in 2Q 2025). Net loss: PK₨111.4m (loss narrowed 51% from 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Feb 11
Balochistan Glass Limited to Report Q2, 2026 Results on Feb 17, 2026 Balochistan Glass Limited announced that they will report Q2, 2026 results on Feb 17, 2026 Announcement • Jan 28
Balochistan Glass Limited Announces Board and Board Committee Appointments Baluchistan Glass Limited has formally announced the results of its recent election for the Board of Directors, which took place on January 26, 2026. The company disclosed the new appointments of board members, alongside the formation of key board committees. The company has named Mr. Muhammad Razzaq and Mr. Muhammad Niaz Paracha. The board The formation of the Audit Committee and the Human Resource and Remuneration Committee was also confirmed. Mr. Mohsin Iqbal Khan has been appointed as Chairman of both committees. The Audit Committee will include Mr. Muhammad Razzaq and Mr. Muhammad Tousif Peracha as members. Meanwhile, the Human Resource and Remuneration Committee will consist of Mr. Mohammad Baig and Mr. Muhammad Tousif Peracha as members. Reported Earnings • Oct 30
First quarter 2026 earnings released: PK₨0.20 loss per share (vs PK₨0.89 loss in 1Q 2025) First quarter 2026 results: PK₨0.20 loss per share (improved from PK₨0.89 loss in 1Q 2025). Revenue: PK₨14.0m (down 97% from 1Q 2025). Net loss: PK₨124.9m (loss narrowed 46% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Announcement • Sep 24
Balochistan Glass Limited, Annual General Meeting, Oct 24, 2025 Balochistan Glass Limited, Annual General Meeting, Oct 24, 2025. Location: at the registered office o f the company situated, at plot m-8, sector m, h.i.t.e hub, hub industrial estate lasbela, Pakistan New Risk • May 21
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 8.0% 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 Less than 1 year of cash runway based on free cash flow trend (-PK₨1.6b free cash flow). Negative equity (-PK₨56m). Earnings have declined by 24% per year over the past 5 years. Shareholders have been substantially diluted in the past year (144% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Revenue is less than US$5m (PK₨851m revenue, or US$3.0m). Market cap is less than US$100m (PK₨6.69b market cap, or US$23.7m). New Risk • May 12
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 144% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. 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₨1.6b free cash flow). Negative equity (-PK₨56m). Earnings have declined by 24% per year over the past 5 years. Shareholders have been substantially diluted in the past year (144% increase in shares outstanding). Minor Risks Revenue is less than US$5m (PK₨851m revenue, or US$3.0m). Market cap is less than US$100m (PK₨5.66b market cap, or US$20.1m). New Risk • Feb 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: PK₨2.76b (US$9.90m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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₨1.6b free cash flow). Negative equity (-PK₨3.5b). Earnings have declined by 9.6% per year over the past 5 years. Market cap is less than US$10m (PK₨2.76b market cap, or US$9.90m). Minor Risk Revenue is less than US$5m (PK₨564m revenue, or US$2.0m). Reported Earnings • Nov 02
First quarter 2025 earnings released: PK₨0.89 loss per share (vs PK₨0.36 loss in 1Q 2024) First quarter 2025 results: PK₨0.89 loss per share (further deteriorated from PK₨0.36 loss in 1Q 2024). Revenue: PK₨409.0m (up PK₨402.6m from 1Q 2024). Net loss: PK₨232.0m (loss widened 145% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Sep 24
Balochistan Glass Limited, Annual General Meeting, Oct 24, 2024 Balochistan Glass Limited, Annual General Meeting, Oct 24, 2024. Location: at the registerd office of the company, situated at plot no.8,sector m, h.i.t.e. hub,district lasbella, baluchisten Pakistan Reported Earnings • Sep 22
Full year 2024 earnings released: PK₨1.94 loss per share (vs PK₨0.52 loss in FY 2023) Full year 2024 results: PK₨1.94 loss per share (further deteriorated from PK₨0.52 loss in FY 2023). Net loss: PK₨508.7m (loss widened 277% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • Oct 13
Full year 2023 earnings released: PK₨0.52 loss per share (vs PK₨1.03 loss in FY 2022) Full year 2023 results: PK₨0.52 loss per share (improved from PK₨1.03 loss in FY 2022). Net loss: PK₨135.1m (loss narrowed 50% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. New Risk • Oct 13
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -PK₨11m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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₨11m free cash flow). Negative equity (-PK₨3.0b). Earnings have declined by 3.1% per year over the past 5 years. Revenue is less than US$1m (PK₨186m revenue, or US$670k). Market cap is less than US$10m (PK₨2.56b market cap, or US$9.22m). New Risk • Aug 09
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: PK₨2.83b (US$9.85m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Negative equity (-PK₨3.1b). Earnings have declined by 1.7% per year over the past 5 years. Market cap is less than US$10m (PK₨2.83b market cap, or US$9.85m). Minor Risk Revenue is less than US$5m (PK₨420m revenue, or US$1.5m). Reported Earnings • Mar 05
Second quarter 2023 earnings released: PK₨0.28 loss per share (vs PK₨0.16 loss in 2Q 2022) Second quarter 2023 results: PK₨0.28 loss per share (further deteriorated from PK₨0.16 loss in 2Q 2022). Revenue: PK₨35.7m (down 89% from 2Q 2022). Net loss: PK₨73.8m (loss widened 75% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 24
Baluchistan Glass Limited Appoints Muhammad Furqan Habib as Company Secretary Baluchistan Glass Limited informed Pakistan Stock Exchange that Mr. Muhammad Furqan Habib has been appointed as Company Secretary of the Company with effect from November 22, 2022. 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. 5 experienced directors. 2 highly experienced directors. 2 independent directors (5 non-independent directors). Non-Executive Director Tabsum Paracha was the last director to join the board, commencing their role in 2017. 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 • Apr 27
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. 5 experienced directors. 2 highly experienced directors. 2 independent directors (5 non-independent directors). Non-Executive Director Tabsum Paracha was the last director to join the board, commencing their role in 2017. 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 • Dec 13
Investor sentiment deteriorated over the past week After last week's 16% share price decline to PK₨6.93, the stock trades at a trailing P/E ratio of 45.7x. Average trailing P/E is 8x in the Packaging industry in Pakistan. Total loss to shareholders of 15% over the past three years. Reported Earnings • Oct 05
Full year 2021 earnings released: EPS PK₨0.10 (vs PK₨1.77 loss in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: PK₨1.25b (down 16% from FY 2020). Net income: PK₨25.5m (up PK₨489.7m from FY 2020). Profit margin: 2.0% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 14% per year. Reported Earnings • May 02
Third quarter 2021 earnings released: EPS PK₨0.07 (vs PK₨0.40 loss in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: PK₨303.6m (down 11% from 3Q 2020). Net income: PK₨17.3m (up PK₨120.3m from 3Q 2020). Profit margin: 5.7% (up from net loss in 3Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 03
Second quarter 2021 earnings released: EPS PK₨0.19 (vs PK₨0.38 loss 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₨318.9m (down 37% from 2Q 2020). Net income: PK₨51.0m (up PK₨149.8m from 2Q 2020). Profit margin: 16% (up from net loss in 2Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Mar 02
New 90-day high: PK₨8.49 The company is up 28% from its price of PK₨6.62 on 02 December 2020. The Pakistani market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is down 13% over the same period. Is New 90 Day High Low • Jan 12
New 90-day high: PK₨8.42 The company is up 35% from its price of PK₨6.24 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 Packaging industry, which is up 30% over the same period. Is New 90 Day High Low • Dec 27
New 90-day high: PK₨7.85 The company is up 7.0% from its price of PK₨7.32 on 28 September 2020. The Pakistani market is up 2.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Packaging industry, which is up 28% 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₨404.3m, with losses widening by 100% from the prior year. Total revenue was PK₨1.40b over the last 12 months, down 1.3% from the prior year. Is New 90 Day High Low • Oct 03
New 90-day low: PK₨6.09 The company is down 2.0% from its price of PK₨6.23 on 03 July 2020. The Pakistani market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 33% over the same period. Reported Earnings • Oct 03
Full year earnings released - PK₨1.77 loss per share Over the last 12 months the company has reported total losses of PK₨464.2m, with losses widening by 240% from the prior year. Total revenue was PK₨1.49b over the last 12 months, up 33% from the prior year. 