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Corporate Briefing
February 2026
Important Disclaimer
This presentation has been prepared by LSE Ventures Limited ("LSEVL") for information purposes only. While the information contained herein has been compiled with care, no representation or warranty, express or implied, is made regarding its accuracy, completeness, or reliability. The contents should be considered in the context of the circumstances prevailing at the time of preparation and may not reflect subsequent developments.
This presentation does not constitute an offer, solicitation, recommendation, or invitation to purchase or sell any securities, nor should it form the basis of any investment or commercial decision. LSEVL and its affiliates, directors, officers, and employees assume no responsibility or liability for any loss arising from the use of this presentation or its
contents. c
The presentation may include forward-looking statements, which are subject to risks and uncertainties beyond
LSEVL's control. Actual results may differ materially, and LSEVL undertakes no obligation to update such statements.
This document is strictly confidential and may not be reproduced, distributed, or disclosed without prior written consent of LSE Ventures Limited.
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LSEVL is the successor of the erstwhile Lahore stock Exchange,
01 which has been transformed into a specialized corporate restructuring and private capital investment entity enabling it to
act as both a solution architect and a capital provider through structured and value-preserving solutions.
Restructured
Carved out of the successor
Major Shareholders
LSE Capital Limited
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03LSEVL's legacy across capital markets, corporate finance, restructuring law, and the taxation framework, uniquely positions it to design and implement innovative capital structures optimized for its client companies.
company of the erstwhile LSE during 2023
Adopted An Expanded Objective
"To invest in emerging growth-oriented companies and assist in the development of Pakistani capital market"
Remodeled
As an investment company to develop a pipeline of IPO-ready companies
Listed
on the main board of PSX
111,135,988
Sponsors &
Associates
88,761,056
Securities & Brokerage Entities
122,914,353
Others/Public
76,384,363
28%
22%
31%
19%
LSEVL also manages the legacy equity investments having been made by the erstwhile LSE from the time of its functioning as a
04 stock exchange. These investments make LSEVL a key stakeholder in the domestic capital market because of being a
major shareholder in many critical capital market infrastructure companies, like PACRA, NCCPL, CDC and PMEX.
Governance
Mr. Muhammad Iqbal (Shareholder Director)
Ms. Aasiya Riaz (Shareholder Director)
Mr. Sardar Shahbaz Iqbal Ahmed Khan (Share holder Director)
Mr. Muhammad Tabassum Munir (Independent Director)
Mr. Muhammad Saleem
Ahmad Ranjha
(Independent Director)
Ms. Mehr Saleem (Independent Director)
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LSEVL's restructuring focus is based on rehabilitation, revival and continuity of businesses so that the distressed companies
are reintegrated into the formal economy as viable enterprises.
LSE History, Restructuring & Group Positioning
Group Repositioning
42.50%
Deals / M&A Advisory
30.00%
36.00%
10.00%
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Multi-Asset Custodian Company
Being Renamed as LSE Enterprises
Pakistan's largest Private Sector LPG Producer
Investments Holding Company
2nd Scheme: Merger & Repositioning of Four Companies
1st Scheme: Demerger into Three Companies
Investments' Servicing Companies | New Investments Pakistan *33.0% 10.00% LNG Social Impact Terminal Investment operator Language *Preference Learning Shares Institute | Capital Market Infrastructure Companies |
32.00% 10.00% | 23.50% 10.00% 7.25% With ISE RMC holding | |
Pakistan's Pakistan's first first Corporate Multi Assets Credit Rating Custodian Agency | Automated Depository Online Clearing & Services Commodities Settlement Exchange of Funds |
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Deals / M&A
Advisory Company
Investments Holding Company
Modaraba Management Company
2024
Multi-Asset Custodian Company
Modaraba
2023
2024
2023
2016 - 2023
1970- 2016
Group Restructuring
Value of Investments Held by LSEVL
Market Value | Expected Disposal Value | |||||
Companies | Shares | Breakup Value | Price (PSX) | Holding Value | Enterprise Value | Holding Value |
PGPCL | 65,600,000 | 68.37 | - | - | - | |
PACRA | 24,148,378 | 3.30 | **36.01 | 869,583,092 | ||
LSEFSL | 7,667,245 | 12.81 | **20.00 | - | ||
NCCPL | 23,730,462 | 27.45 | - | ***15,958,426,620 | 3,754,922,552 | |
LSECL | 58,359,794 | * 21.85 | **6.35 | - | ||
CDC | 35,000,000 | 22.98 | - | ***24,157,499,773 | 2,415,749,977 | |
DCCL | 3,996,399 | 11.61 | c - | 500,000,000 | 49,954,988 | |
PMEX
| 6,702,166 of JJVL Acquisition | 11.36 | - | 4,000,000,000 | 300,000,000 | |
| 2026 ned by M/s Next Capit | al, the sell-side advisor ap | pointed by LSEVL | 869,583,092 | 42,615,926,393 | 6,520,627,516 |
Disposal Impact on Company Breakup value | ||||||
Shares in Nos. | ||||||
Present Value | 399,195,760 | 10.63 | 26.96 | |||
Enterprise Value | 4,243,450,929 | 10,764,078,445 | ||||
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Annual Dividend Income
Actual Dividend Income - 2025
Dividend | Bonus | %age | |||
Companies* | Type of Shares | Holding | in Rs. | Shares | |
PGPCL | Preference Shares | 32.8% | 143,350,995 | - | 33.82% |
PACRA | Common Shares | 32.0% | 35,147,876 | - | 8.29% |
LSEFSL | Common Shares | 28.4% | 5,000,000 | - | 1.18% |
NCCPL | Common Shares | 23.5% | 144,399,856 | - | 34.06% |
LSECL | Common Shares | 16.1% | 11,307,952 | - | 2.67% |
CDC | Common Shares | 10.0% | 84,700,000 | - | 19.98% |
DCCL | Common Shares | 9.99% | - | - | 0.00% c |
PMEX | Common Shares | 7.50% | - | 4,204,545 | 0.00% |
Total | 423,906,679 | 4,204,545 | 100.00% |
Glossary
Projected Dividend Income - 2026
Dividend | %age | |
in Rs. | ||
NCCPL | 165,193,436 | 38% |
PGPCL | 111,813,776 | 26% |
CDC | 109,771,200 | 25% |
PACRA | 45,881,918 | 11% |
432,660,330 | 100% |
25%
26%
PGP Consortium Limited
Pakistan Credit Rating Agency Limited
LSE Financial Services Limited
National Clearing Company of Pakistan
LSE Capital Limited
Central Depository Company Limited
Digital Custodian Company Limited
Pakistan Mercantile Exchange
38%
11%
PGPCL PACRA
NCCPL CDC
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Historical Financials
2023 | 2024 | 2025 | HY 2025 | |
Rupees in million | ||||
Profit & Loss | ||||
Revenue | 182.0 | 294.5 | 481.2 | 1,143.8 |
Adminstrative & Distribution expenses | 75.2 | 126.7 | 139.9 | 85.7 |
Income before taxation | 238.3 | 290.2 | 375.9 | 1,087.7 |
Taxation | 16.4 | 103.1 | 167.3 | 61.0 |
Net Profit | 221.9 | 187.1 | 208.6 | 1,026.7 |
Information per ordinary share | ||||
Nos. of Shares | 179.6 | 179.6 | 179.6 | 359.2 |
Face Value [Rs per share] c | 10.00 | 10.00 | 10.00 | 5.00 |
Breakup value [Rs per share] | 12.23 | 13.60 | 14.8 | 10.43 |
EPS [Rs per share] | 1.35 | 1.04 | 1.16 | 2.86 |
Dividend [Rs per share] | 0.50 | 1.00 | 1.00 | - |
Balance Sheet | ||||
Investments | 2,316.1 | 2,659.5 | 3,004.8 | 4,066.8 |
Total Current Assets | 143.9 | 191.6 | 265.4 | 371.5 |
Total Assets | 2,460.1 | 2,857.0 | 3,275.8 | 4,443.5 |
Equity + Revaluation Surplus | 2,197.2 | 2,442.1 | 2,655.7 | 3,745.9 |
Total Current Liabilities | 105.9 | 112.3 | 173.7 | 190.8 |
Total Liabilities | 262.9 | 414.9 | 620.1 | 697.6 |
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Anticipated Changes in Investment Portfolio
Disposal of Stake in DCCL
Pre-IPO investment
Investment & IPO of Pakistan GasPort Limited (PGPL)
Pakistan's largest LNG terminal operator
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Potential IPOs
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Upcoming Corporate Restructuring Transactions
NINGBO Green Energy
2026
Launch of LSE SPAC
2026
NFC
Marketing
2026
2026
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Big Bird Poultry Breeders
2026
Grand Parent Poultry
2026
Big Feed
2026
Libra Engineering
2026
Findtech T&D
2026
GEIS Electric
2026
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Stock Performance
Listing
50.00
Symbol LSEVL
Listed Sector
INV. BANKS / INV.COS. / SECURITIES COS
Listing Date June 2023
Listing Process Reverse Merger
Fund Raised Nil
45.00
Volum in "Million"
Float
40.00
Price
Shares | %age | |
Equity held with long-term investors (Sponsors & Associates) | 199,897,044 | 50% |
Equity held with Securities Brokerages (mostly assigned to PSX as part of minimum capital requirement since demutualization) | 122,914,353 | 31% |
Freely tradeable float | 76,384,363 | 19% |
399,195,760 | 100% |
35.00
30.00
c 25.00
20.00
15.00
Liquidity
Mkt Cap | PKR Million | 4.23 billion |
Mkt Cap | USD Million | $15.16 |
No of Shares | in Million | 399.20 |
52 Weeks High Price | PKR | 15.24 |
52 Weeks Low Price | PKR | 4.41 |
6 Months Average Daily Price | PKR | 7.38 |
6 Months Average Volume | in Million | 2.93 |
6 Months Average Value | PKR Million | 21.58 |
10.00
5.00
-
Source: https://dps.psx.com.pk/company/LSEVL 10
Q/A
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