External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

Pak Elektron Limited (Pael) / Equity Bottom-Up

<ul><li>Pak Elektron (PAEL) conducted its Corporate Briefing Session today where management discussed financial performance and future outlook.</li><li>For FY26, management expects appliances segment to grow ~25%. Within the segment, company believes split ACs are projected to see a growth of 33% YoY, followed by refrigerators at 25% and deep freezers at 6%. PAEL currently holds market shares of 17% in refrigerators, 7% in air conditioners, 5% in washing machines, and 33% in water dispensers.</li><li>The company’s dealer network also continues to expand, with 1,913 out of a total 2,600 dealers currently carrying PAEL products, translating into dealer penetration of around 74%.</li></ul>

Pak Elektron (PAEL) conducted its Corporate Briefing Session today where management discussed financial performance and future outlook.For FY26, management expects appliances segment to grow ~25%. Within the segment, company believes split ACs are projected to see a growth of 33% YoY, followed by refrigerators at 25% and deep freezers at 6%. PAEL currently holds market shares of 17% in refrigerators, 7% in air conditioners, 5% in washing machines, and 33% in water dispensers.The company’s dealer network also continues to expand, with 1,913 out of a total 2,600 dealers currently carrying PAEL products, translating into dealer penetration of around 74%.

Topline Flash Note: Pak Elektron (PAEL) – Corporate Briefing Key Takeaways