Karachi: The 786 Islamic Money Market Fund, managed by 786 Investments Limited, disclosed its financial results for the fiscal year ending June 30, 2026, with a notable rise in net income. The announcement came following a board meeting held on Monday, September 14, 2026.
The fund's audited statement of financial position reveals total assets amounting to 671.10 million rupees, a significant increase from the previous year's 438.93 million rupees. This growth in assets was primarily driven by a substantial rise in investments, which climbed from 15.00 million rupees in 2025 to 115.00 million rupees in 2026.
Net income for the year after taxation reached 39.82 million rupees, a considerable increase from 6.99 million rupees in the previous year. According to information available from the Pakistan Stock Exchange (PSX), this marks a very large or significant move in the fund's financial performance.
Despite this financial growth, the fund declared no cash dividends, bonus units, right shares, or other entitlements for the year. The net assets value per unit slightly increased to 100.54 rupees from 100.4003 rupees in 2025, reflecting the improved financial position.
The fund's liabilities decreased to 1.30 million rupees from 1.66 million rupees the previous year, further strengthening the net assets, which stood at 669.80 million rupees, up from 437.28 million rupees. The number of units issued also increased significantly to 6,661,983 from 4,355,336, indicating a robust demand for the fund.
Cash flows from financing activities generated 192.70 million rupees, although operating activities reported a net cash outflow of 3.69 million rupees. The fund's cash and cash equivalents at the end of the year stood at 549.12 million rupees, up from 420.92 million rupees at the beginning of the year.
This financial disclosure positions the 786 Islamic Money Market Fund in a favorable light within the market category, underscoring its expanding investment portfolio and improved fiscal health.