Karachi: The Board of Directors of EMAN Management (Private) Limited, the management company for Orient Rental Modaraba, convened on September 25, 2026, to approve the financial statements for the year ending June 30, 2026. During the meeting, a final cash dividend of Rs.1.2 per certificate, equivalent to 12%, was recommended for the fiscal year.

The dividend announcement aligns with the Board's decision to maintain shareholder returns despite a decrease in profits. The annual review meeting is scheduled for October 27, 2026, at the company's registered office in Karachi. According to the company's statement, shareholders listed in the Register of Members by October 19, 2026, will be eligible for the dividend.

The financial results, released in the report by EMAN Management, detail the performance of Orient Rental Modaraba. The total assets as of June 30, 2026, amounted to 2.53 billion rupees, a decrease from the previous year's 2.66 billion rupees. The tangible assets registered at 1.31 billion rupees, down from 1.51 billion rupees the prior year. Conversely, current assets rose to 1.14 billion rupees from 1.06 billion rupees.

According to information available from the Pakistan Stock Exchange (PSX), the operational income of Orient Rental Modaraba showed a mixed performance. Ijarah rentals amounted to 1.28 billion rupees, a decline from 1.39 billion rupees the previous year, indicating a moderate move. However, the operation and maintenance income saw an increase to 1.20 billion rupees from 1.07 billion rupees, reflecting a significant move.

Despite these changes, the gross profit fell to 497.93 million rupees from 611.93 million rupees, and net profit for the year decreased to 106.74 million rupees from 213.99 million rupees, marking a very large or significant move. The earnings per certificate also dropped to Rs.1.42 from Rs.2.85 in the prior year.

The Certificate Transfer Books will remain closed from October 20, 2026, to October 27, 2026, inclusive. Any transfers completed by the close of business on October 19, 2026, will qualify for the declared dividend. The annual report will be distributed through PUCARS at least 21 days before the annual review meeting.

Overall, the report portrays a challenging fiscal year for Orient Rental Modaraba, with efforts to sustain shareholder returns amidst fluctuating financial metrics.