Lahore: The Crescent Modaraba Management Company Limited, which manages the First Elite Capital Modaraba, announced on Friday the financial results for the fiscal year ending June 30, 2026, reporting a loss and no dividends for its certificate holders. The board's meeting took place in Lahore at 2:30 p.m. on September 25, 2026.

The company reported a loss of 7.03 million rupees for the year, a significant downturn from a profit of 4.70 million rupees in the previous fiscal year. Earnings per certificate fell to a loss of 0.62 rupees from a profit of 0.41 rupees. Furthermore, the board decided against issuing cash dividends, bonus certificates, or right certificates, leaving certificate holders without additional financial benefits this year.

According to information available from the Pakistan Stock Exchange (PSX), Crescent Modaraba's income from ijarah financing rose to 41.99 million rupees from 37.15 million rupees, reflecting a growth in leasing operations. However, the company faced a fair value loss on investments at fair value through profit or loss, amounting to 651,222 rupees, and administrative expenses increased to 20.25 million rupees from 19.17 million rupees.

The company's total assets increased to 236.36 million rupees from 232.35 million rupees, with non-current assets comprising a significant portion. The current liabilities stood at 29.07 million rupees, while non-current liabilities were recorded at 70.47 million rupees.

The annual review meeting is scheduled for October 28, 2026, where the company will discuss its financial performance and future strategies. The certificate transfer books will remain closed from October 22 to October 28, 2026, to determine the eligible certificate holders for the meeting. The annual report will be available at least 21 days before the meeting as per regulatory requirements.

In the designated market category, the financial sector, Crescent Modaraba's financial struggles reflect broader challenges within the industry, including economic uncertainties and increased operational costs. The board's decisions and the company's financial health will likely be focal points of discussion at the upcoming annual review meeting.