Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to PK₨7.18, the stock trades at a trailing P/E ratio of 24.9x. Average trailing P/E is 15x in the Logistics industry in Asia. Total returns to shareholders of 16% over the past three years. Duyuru • Jul 11
Blue-Ex Limited Announces Board Appointments, Effective July 11, 2026 Blue-Ex Limited at its Extraordinary General Meeting Held on July 10,2026 announced Mr. Misbah Khalil Khan, Mr. Sualeh Ahmed Faruqui and Mrs. Rabia Omar Hassan have been elected as Directors of the Company for the period of three years commencing from July 11, 2026. Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to PK₨7.16, the stock trades at a trailing P/E ratio of 24.8x. Average trailing P/E is 14x in the Logistics industry in Asia. Total returns to shareholders of 16% over the past year. Reported Earnings • May 06
Third quarter 2026 earnings released: EPS: PK₨0.03 (vs PK₨0.092 in 3Q 2025) Third quarter 2026 results: EPS: PK₨0.03 (down from PK₨0.092 in 3Q 2025). Revenue: PK₨269.2m (down 24% from 3Q 2025). Net income: PK₨8.04m (down 68% from 3Q 2025). Profit margin: 3.0% (down from 7.1% in 3Q 2025). The decrease in margin was driven by lower revenue. Duyuru • Apr 22
Blue-Ex Limited to Report Q3, 2026 Results on Apr 30, 2026 Blue-Ex Limited announced that they will report Q3, 2026 results at 9:30 AM, Pakistan Standard Time on Apr 30, 2026 Reported Earnings • Mar 02
Second quarter 2026 earnings released: EPS: PK₨0.60 (vs PK₨0.069 in 2Q 2025) Second quarter 2026 results: EPS: PK₨0.60. Revenue: PK₨363.5m (down 15% from 2Q 2025). Net income: PK₨16.4m (down 13% from 2Q 2025). Profit margin: 4.5% (up from 4.4% in 2Q 2025). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to PK₨5.17, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 16x in the Logistics industry in Asia. Total loss to shareholders of 15% over the past year. Duyuru • Feb 18
Blue-Ex Limited to Report Q2, 2026 Results on Feb 25, 2026 Blue-Ex Limited announced that they will report Q2, 2026 results on Feb 25, 2026 Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to PK₨72.39, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 16x in the Logistics industry in Asia. Total returns to shareholders of 18% over the past year. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to PK₨65.84, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 16x in the Logistics industry in Asia. Total loss to shareholders of 1.9% over the past three years. Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to PK₨96.63, the stock trades at a trailing P/E ratio of 25.9x. Average trailing P/E is 16x in the Logistics industry in Asia. Total returns to shareholders of 58% over the past three years. Duyuru • Oct 24
Blue-Ex Limited to Report Q1, 2026 Results on Oct 30, 2025 Blue-Ex Limited announced that they will report Q1, 2026 results on Oct 30, 2025 Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to PK₨70.99, the stock trades at a trailing P/E ratio of 19.5x. Average trailing P/E is 16x in the Logistics industry in Asia. Total returns to shareholders of 46% over the past three years. Reported Earnings • Oct 10
Full year 2025 earnings released: EPS: PK₨3.64 (vs PK₨3.58 in FY 2024) Full year 2025 results: EPS: PK₨3.64 (up from PK₨3.58 in FY 2024). Revenue: PK₨1.34b (down 28% from FY 2024). Net income: PK₨99.9m (up 1.8% from FY 2024). Profit margin: 7.4% (up from 5.3% in FY 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Duyuru • Oct 08
Blue-Ex Limited, Annual General Meeting, Oct 28, 2025 Blue-Ex Limited, Annual General Meeting, Oct 28, 2025. Location: at the registered office of the company, situated at plot no 5, bangalore town, near awami markaz,shahrah-e-faisal, karachi Pakistan New Risk • Sep 19
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 7.4% 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 Risk Market cap is less than US$10m (PK₨1.68b market cap, or US$5.96m). Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Profit margins are more than 30% lower than last year (5.4% net profit margin). Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to PK₨69.01, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 16x in the Logistics industry in Asia. Total returns to shareholders of 38% over the past three years. Board Change • Jul 24
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. 7 experienced directors. No highly experienced directors. 2 independent directors (6 non-independent directors). Non-Executive Director Danish Elahi was the last 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 • Apr 30
Investor sentiment deteriorates as stock falls 33% After last week's 33% share price decline to PK₨36.50, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 15x in the Logistics industry in Asia. Total loss to shareholders of 28% over the past three years. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to PK₨66.00, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 15x in the Logistics industry in Asia. Total returns to shareholders of 37% over the past three years. Board Change • Apr 08
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. 7 experienced directors. No highly experienced directors. 2 independent directors (6 non-independent directors). Non-Executive Director Danish Elahi was the last 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 30
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. 7 experienced directors. No highly experienced directors. 2 independent directors (6 non-independent directors). Non-Executive Director Danish Elahi was the last 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 • Dec 30
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to PK₨48.16, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 17x in the Logistics industry in Asia. Total loss to shareholders of 21% over the past three years. Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to PK₨44.73, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 17x in the Logistics industry in Asia. Total loss to shareholders of 30% over the past three years. Reported Earnings • Dec 01
First quarter 2025 earnings released: EPS: PK₨0.56 (vs PK₨0.57 in 1Q 2024) First quarter 2025 results: EPS: PK₨0.56 (down from PK₨0.57 in 1Q 2024). Revenue: PK₨427.7m (up 8.4% from 1Q 2024). Net income: PK₨15.2m (down 3.0% from 1Q 2024). Profit margin: 3.6% (down from 4.0% in 1Q 2024). The decrease in margin was driven by higher expenses. Reported Earnings • Nov 02
Full year 2024 earnings released: EPS: PK₨3.58 (vs PK₨6.07 in FY 2023) Full year 2024 results: EPS: PK₨3.58 (down from PK₨6.07 in FY 2023). Revenue: PK₨1.85b (up 36% from FY 2023). Net income: PK₨98.1m (down 41% from FY 2023). Profit margin: 5.3% (down from 12% in FY 2023). The decrease in margin was driven by higher expenses. Duyuru • Nov 02
Blue-Ex Limited, Annual General Meeting, Nov 21, 2024 Blue-Ex Limited, Annual General Meeting, Nov 21, 2024. Location: at the registered office of the, company, situated at plot -5, bangalore town, near awami markaz, shahrah-e-faisal, karachi Pakistan Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to PK₨54.78, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 16x in the Logistics industry in Asia. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to PK₨67.88, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 15x in the Logistics industry in Asia. Total returns to shareholders of 23% over the past year. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 43% After last week's 43% share price gain to PK₨23.62, the stock trades at a trailing P/E ratio of 3.5x. Average trailing P/E is 16x in the Logistics industry in Asia. Total loss to shareholders of 62% over the past year. Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to PK₨18.02, the stock trades at a trailing P/E ratio of 2.6x. Average trailing P/E is 16x in the Logistics industry in Asia. Valuation Update With 7 Day Price Move • May 30
Investor sentiment deteriorates as stock falls 30% After last week's 30% share price decline to PK₨24.38, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 16x in the Logistics industry in Asia. Valuation Update With 7 Day Price Move • May 02
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to PK₨21.42, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 16x in the Logistics industry in Asia. Board Change • Apr 17
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. 6 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Non-Executive Director Danish Elahi was the last 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 • Feb 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨19.73, the stock trades at a trailing P/E ratio of 3.1x. Average trailing P/E is 16x in the Logistics industry in Asia. Board Change • Jan 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 not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Non-Executive Director Danish Elahi was the last 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. New Risk • Dec 05
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 26% 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 Shares are highly illiquid. High level of non-cash earnings (26% accrual ratio). Market cap is less than US$10m (PK₨774.3m market cap, or US$2.72m). Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to PK₨32.99, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 14x in the Logistics industry in Asia. Total loss to shareholders of 43% over the past year. New Risk • Nov 16
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 124% 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₨1.12b market cap, or US$3.90m). Minor Risks Large one-off items impacting financial results. Revenue is less than US$5m (PK₨1.4b revenue, or US$4.7m). Reported Earnings • Nov 08
Full year 2023 earnings released: EPS: PK₨6.07 (vs PK₨0.65 in FY 2022) Full year 2023 results: EPS: PK₨6.07 (up from PK₨0.65 in FY 2022). Revenue: PK₨1.36b (up 24% from FY 2022). Net income: PK₨166.4m (up PK₨150.4m from FY 2022). Profit margin: 12% (up from 1.4% in FY 2022). The increase in margin was driven by higher revenue. Board Change • Nov 08
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. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Director Danish Elahi was the last 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 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 not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Director Danish Elahi was the last 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 27
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. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Director Danish Elahi was the last 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 04
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. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Director Danish Elahi was the last 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 16
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. 6 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Director Danish Elahi was the last 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. Duyuru • Oct 19
Universal Network Systems Limited Appoints Danish Elahi as Director Universal Network Systems Limited informed Pakistan Stock Exchange that Mr. Danish Elahi has been appointed as Director of the company with effect from October 18, 2022 in place of Mr. Imran Baxamoosa. Reported Earnings • Oct 11
Full year 2022 earnings released: EPS: PK₨0.65 (vs PK₨1.61 in FY 2021) Full year 2022 results: EPS: PK₨0.65 (down from PK₨1.61 in FY 2021). Revenue: PK₨1.10b (up PK₨942.7m from FY 2021). Net income: PK₨15.9m (down 52% from FY 2021). Profit margin: 1.4% (down from 21% in FY 2021). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • May 27
Investor sentiment deteriorated over the past week After last week's 15% share price decline to PK₨50.00, the stock trades at a trailing P/E ratio of 56.6x. Average trailing P/E is 15x in the Logistics industry in Asia. 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. 7 experienced directors. No highly experienced directors. 3 independent directors (4 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.