Lahore: First Punjab Modaraba Services (Pvt.) Limited presented its financial performance during a corporate briefing session held on January 15, 2026. The session highlighted key changes in the company’s financial position and profit and loss accounts over the past years, reflecting varying degrees of financial movement.
The financial statement, dated December 2024, revealed significant developments compared to December 2023. Total assets increased from 2,189.74 million rupees to 1,975.58 million rupees, while total equity and liabilities showed a decline from 1,485.00 million rupees to 1,502.76 million rupees. The company’s operating income rose from 244.36 million rupees in December 2023 to 276.29 million rupees in December 2024, representing a Very large or significant move. In terms of total income, there was also a notable increase, reaching 404.65 million rupees from 331.32 million rupees, classifying as a Very large or significant move.
According to information available from the Pakistan Stock Exchange (PSX), the financial charges increased moderately from 358.39 million rupees to 370.61 million rupees, while total expenses also saw an increase from 438.38 million rupees to 469.07 million rupees, marking a Moderate move.
Despite these increases in operating income and total income, the company reported a loss before taxation of 73.66 million rupees for December 2024, an improvement from the loss of 153.30 million rupees in December 2023, indicating a Big move. The loss per certificate also decreased from 3.28 rupees to 2.77 rupees.
In the broader context of the modaraba sector, which has been operating in Pakistan for over 44 years, there are currently 22 modarabas with a total equity of 22,218 million rupees and total assets amounting to 53,021 million rupees. The sector’s net profit stands at 1,491 million rupees, with cash dividends and bonuses totaling 589 million rupees.
The corporate briefing session underscored the financial fluctuations experienced by First Punjab Modaraba Services, reflecting broader trends within the modaraba sector.