Lahore: First Capital Equities Limited has reported a substantial decline in profit for the quarter ending September 30, 2026, resulting in an overall loss for the period. The company's financial performance was outlined in its condensed interim statement of profit or loss, released on October 16, 2026.
The firm experienced a notable unrealized gain on the remeasurement of investments at fair value through profit or loss, reporting 8,167,423 rupees compared to the previous year's 105,594,349 rupees. This represents a very large or significant move in income, reflecting the volatile nature of investment valuations.
Operating and administrative expenses increased to 354,359 rupees from last year's 203,916 rupees, while the finance cost for the quarter stood at 19,179,847 rupees, which was previously non-existent in the same period last year. Consequently, First Capital Equities Limited recorded an operating loss of 11,366,783 rupees, a stark contrast to the operating profit of 105,390,433 rupees reported in the same quarter of 2025.
According to information available from the Pakistan Stock Exchange (PSX), the company did not record any gain on the disposal of investments or fair value gain on investment property during the reported quarter. Additionally, no dividend income was reported, unlike in the previous year.
The firm further reported a loss after taxation from continuing operations amounting to 11,366,783 rupees. Discontinued operations contributed an additional loss of 185,983 rupees, leading to a total loss after taxation for the period of 11,552,766 rupees. This is a significant turnaround from the profit after taxation of 105,183,066 rupees reported in the previous year.
First Capital Equities Limited's basic and diluted loss per share for continuing operations was calculated at 0.080 rupees, in contrast to a profit of 0.746 rupees per share in the comparable quarter of 2025. The results also include a consistent loss per share from discontinued operations at 0.001 rupees.
The company's financial position as of September 30, 2026, shows total assets of 1.26 billion rupees, a slight increase from 1.25 billion rupees in June 2026. The company’s equity, however, decreased to 465.56 million rupees from 477.11 million rupees, reflecting the accumulated losses of 947.79 million rupees.
The financial results shed light on the challenges faced by First Capital Equities Limited, highlighting increased operational costs and significant changes in investment income as key factors impacting its financial health for the quarter.