Karachi: First Habib Modaraba (FHM) has reported a decrease in its net profit for the fiscal year ending June 30, 2026, according to the annual report transmitted by Habib Metro Limited. The audited financial statements reveal a net profit of 747.92 million rupees, a significant move compared to the 901.50 million rupees recorded in the previous year.

Released on September 15, 2026, the report highlights the Modaraba's financial performance over the past year. Profits before management fees stood at 1.42 billion rupees, down from 1.47 billion rupees last year. Similarly, profit before taxation and levy was reported at 1.23 billion rupees, compared to 1.27 billion rupees in 2025.

The report, which is accessible on the company's website, indicates that the Modaraba has maintained a consistent profit distribution rate of 22.5%, translating to a cash dividend of 2.25 rupees per certificate of 10 rupees each. The Board of Directors has also allocated 500 million rupees to the general reserve, consistent with the previous year's allocation.

According to information available from the Pakistan Stock Exchange (PSX), the Modaraba's unappropriated profit carried forward for 2026 is 148.96 million rupees, down from 156.83 million rupees in 2025. The re-measurement of post-retirement benefits amounted to 6.42 million rupees, further impacting the profit available for appropriation, which totaled 898.33 million rupees.

The annual report underscores the Modaraba's financial adjustments, with unappropriated profits brought forward from the previous year amounting to 156.83 million rupees, compared to 8.99 million rupees in the year prior. Despite the decline in net profit, the Modaraba continues to prioritize strong financial management and shareholder returns, as evidenced by the consistent dividend policy.