Last close · 16 Oct 2026
Rs 5.94 -1.82%
Financials
Blue-Ex Limited (BLUEX) financials
6 years of annual results (FY2020 – FY2025), 19 quarters.
Blue-Ex Limited (BLUEX) reported revenue of Rs 1.3 bn for FY2025 (Jul 2024 – Jun 2025), down 0.8% from FY2024.
Profit attributable to shareholders was Rs 99.9 mn (EPS Rs 0.36), up 15.7%, a net margin of 7.4%.
No cash dividend was declared for FY2025.
Net debt stood at Rs 84.8 mn.
Return on equity was 8.4%.
Over the last five years revenue grew at a compound 81.0% a year.
At Rs 5.94 (close on 16 Oct 2026) the shares trade at 19.6× earnings (TTM to Mar 2026) and 1.26× book value.
Fundamentals
BLUEX at a glance
Revenue · FY2025
Rs 1.3 bn
▼ 0.8% year on year
Profit attributable to shareholders · FY2025
Rs 99.9 mn
▲ 15.7% year on year
EPS – basic (Rs) · FY2025
Rs 0.36
▲ 15.7% year on year
Dividend per share (Rs) · FY2025
Rs 0.00
Net margin · FY2025
7.4%
+1.1 pts year on year
Debt to equity · FY2025
12.0%
-9.0 pts year on year
Financial statements
Income statement
Revenue, costs, profit and earnings per share.
- Revenue · FY2025
- Rs 1.3 bn
- Profit attributable · FY2025
- Rs 99.9 mn
Balance sheet
Assets, liabilities, debt and shareholders' equity.
- Total assets · FY2025
- Rs 2.1 bn
- Equity · FY2025
- Rs 1.2 bn
Financial highlights
BLUEX financial results
| Rs mn | FY2025 Jul 2024 – Jun 2025 | FY2024 * Jul 2023 – Jun 2024 | FY2023 * Jul 2022 – Jun 2023 | FY2022 * Jul 2021 – Jun 2022 | FY2021 Jul 2020 – Jun 2021 | FY2020 Jul 2019 – Jun 2020 |
|---|---|---|---|---|---|---|
| Revenue | 1,342.7 | 1,353.2 | 249.8 | 150.9 | 157.5 | 69.1 |
| Gross profit | 515.7 | 443.7 | 249.8 | 150.9 | 157.5 | 69.1 |
| Operating profit | 177.8 | 126.0 | 75.6 | 14.7 | 47.0 | (17.0) |
| Profit after tax | 99.9 | 86.4 | 166.4 | 15.9 | 33.2 | 2.0 |
| Profit attributable to shareholders | 99.9 | 86.4 | 166.4 | 15.9 | 33.2 | 2.0 |
| EPS – basic (Rs) Rs | 0.36 | 0.31 | 0.61 | 0.06 | 0.16 | 3.51 |
| Dividend per share (Rs) Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total assets | 2,058.5 | 1,992.4 | 1,670.4 | 1,029.2 | 747.3 | 453.8 |
| Total equity | 1,244.5 | 1,144.6 | 950.8 | 785.8 | 412.2 | 78.3 |
| Total debt | 149.5 | 240.5 | 246.0 | 51.2 | 61.6 | 91.6 |
| Net cash from operating activities | 122.3 | 68.7 | 114.1 | (120.8) | 49.3 | (10.2) |
| Capital expenditure | (73.1) | (87.8) | (84.7) | (96.3) | (65.5) | (33.6) |
| Free cash flow (operating cash flow − capex) | 49.2 | (19.1) | 29.4 | (217.2) | (16.2) | (43.8) |
| Rs mn | TTM to Mar 2026 | Q3 FY2026 Jan – Mar 2026 | Q2 FY2026 Oct – Dec 2025 | Q1 FY2026 Jul – Sep 2025 | Q4 FY2025 * Apr – Jun 2025 | Q3 FY2025 * Jan – Mar 2025 | Q2 FY2025 * Oct – Dec 2024 | Q1 FY2025 Jul – Sep 2024 | Q4 FY2024 Apr – Jun 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,237.4 | 269.2 | 363.5 | 336.8 | 267.9 | 355.4 | 429.0 | 290.4 | 346.1 |
| Gross profit | 413.3 | 34.5 | 116.7 | 130.7 | 131.5 | 134.6 | 132.3 | 123.7 | 97.8 |
| Operating profit | 139.2 | 12.8 | 24.9 | 31.0 | 70.4 | 41.6 | 32.2 | 28.2 | 45.0 |
| Profit after tax | 83.0 | 8.0 | 16.4 | 17.5 | 41.1 | 25.1 | 18.9 | 15.2 | 32.3 |
| Profit attributable to shareholders | 83.0 | 8.0 | 16.4 | 17.5 | 41.1 | 25.1 | 18.9 | 15.2 | 32.3 |
| EPS – basic (Rs) Rs | 0.30 | 0.03 | 0.06 | 0.06 | 0.15 | 0.09 | 0.07 | 0.06 | 0.12 |
| Dividend per share (Rs) Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total assets | 2,094.4 | 2,094.4 | 2,105.9 | 2,045.6 | 2,058.5 | 1,984.4 | 1,763.9 | 1,897.7 | 1,992.4 |
| Total equity | 1,340.3 | 1,340.3 | 1,332.3 | 1,262.0 | 1,244.5 | 1,199.3 | 1,171.5 | 1,153.0 | 1,144.6 |
| Total debt | 74.9 | 74.9 | 102.7 | 145.5 | 149.5 | 88.3 | 110.1 | 116.9 | 240.5 |
| Net cash from operating activities | 45.5 | (14.6) | 68.9 | 17.7 | (26.5) | 72.0 | (27.4) | 104.2 | 30.9 |
| Capital expenditure | (70.7) | (8.9) | (14.6) | (11.3) | (36.0) | (13.8) | (11.0) | (12.4) | (7.5) |
| Free cash flow (operating cash flow − capex) | (25.2) | (23.5) | 54.3 | 6.5 | (62.5) | 58.3 | (38.5) | 91.9 | 23.4 |
Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets. Free cash flow and book value per share are calculated by Smart Money; TTM = the latest four quarters. Updated 16 Oct 2026.