Arif Habib Corporation Limited (AHCL) reported earnings per share of PKR 5.64 for FY25, compared to earnings per share of PKR 2.24 in FY24. Management highlighted that the group’s strategic focus remains on premium sectors Securities Brokerage, Fertilizer, Cement, and Real Estate.
The Real Estate and REIT platform continues to serve as a key growth driver, with PKR 5.5 billion invested in REIT units during FY25. Sponsor shareholding, held by Mr. Arif Habib, has recently increased to 80%. Management intends to maintain this level, ensuring that approximately 20% of shares remain available as free float to support market liquidity.
The company is currently conducting a valuation exercise for the Fatima Fertilizer Sheikhupura plant, which may be taken public through an IPO in 2026, depending on market conditions and regulatory timelines. AHCL is also the lead member of a consortium bidding for PIA, alongside Fatima Group, Lake City, AKD Group, and The City School. Management noted that if PIA is offered at an attractive valuation, the group has the flexibility to finance the acquisition through borrowing. Management clarified that group level investments are primarily executed through AHCL however, in instances where AHCL’s investment appetite is constrained, such opportunities may be undertaken directly by the family.
Important Disclosures
Disclaimer: This report has been prepared by Chase Securities Pakistan (Private) Limited and is provided for information purposes only. Under no circumstances, this is to be used or considered as an offer to sell or solicitation or any offer to buy. While reasonable care has been taken to ensure that the information contained in this report is not untrue or misleading at the time of its publication, Chase Securities makes no representation as to its accuracy or completeness and it should not be relied upon as such. From time to time, Chase Securities and/or any of its officers or directors may, as permitted by applicable laws, have a position, or otherwise be interested in any transaction, in any securities directly or indirectly subject of this report Chase Securities as a firm may have business relationships, including investment banking relationships with the companies referred to in this report This report is provided only for the information of professional advisers who are expected to make their own investment decisions without undue reliance on this report and Chase Securities accepts no responsibility whatsoever for any direct or indirect consequential loss arising from any use of this report or its contents At the same time, it should be noted that investments in capital markets are also subject to market risks This report may not be reproduced, distributed or published by any recipient for any purpose.