Karachi: First Capital Securities Corporation Ltd, a prominent player in the financial services sector, has released its unconsolidated financial results for the third quarter ending September 30, 2026, showing a notable increase in profits despite a drop in dividend income. According to the report dated October 16, 2026, the company recorded a profit after taxation of 278.42 million rupees, marking a very large or significant move from the 181.53 million rupees reported during the same period last year.
The financial statement highlights a shift in revenue streams, with gains on the disposal of investments amounting to 66.54 million rupees, compared to none in the previous year. The unrealized gain on re-measurement of 'investments at fair value through profit or loss' also saw a substantial increase to 271.90 million rupees from 166.97 million rupees. However, dividend income dropped to zero from the 117.40 million rupees reported in the third quarter of 2025.
Operating and administrative expenses exhibited a minor move with a slight decrease from 4.88 million rupees to 4.51 million rupees. Nevertheless, operating profit rose to 333.92 million rupees from 279.50 million rupees. The finance costs witnessed a moderate move down to 55.50 million rupees from 80.37 million rupees the previous year.
According to information available from the Pakistan Stock Exchange (PSX), the company's profit before taxation also reflected a very large or significant move, reaching 278.42 million rupees from 181.53 million rupees in the prior year, despite the absence of taxation and levy expenses in the current quarter.
On the balance sheet, First Capital Securities Corporation Ltd reported total assets of 9.15 billion rupees, up from 8.31 billion rupees at the end of June 2026. The company’s non-current assets, largely driven by long-term investments, increased to 9.14 billion rupees from 8.27 billion rupees. Investment properties, however, decreased to 4.28 billion rupees from 5.18 billion rupees.
Current liabilities rose significantly to 4.26 billion rupees from 3.70 billion rupees, primarily due to trade and other payables which had a very large or significant move from 66.51 million rupees to 565.08 million rupees. Non-current liabilities remained stable at approximately 153.52 million rupees.
The company's equity rose to 4.74 billion rupees from 4.46 billion rupees, with accumulated losses climbing to 1.57 billion rupees from 1.29 billion rupees. The earning per share for the quarter was reported at 0.88 rupees, compared to 0.57 rupees in the corresponding quarter of the previous year, reflecting the company's improved financial performance.