Karachi: Al Meezan Investment Management Ltd, a prominent entity in the investment management sector, has reported a decline in its net income for the quarter ending September 30, 2026. The firm's latest financial disclosure, dated October 30, 2026, reveals several shifts in income streams, contributing to the overall financial performance for the period.
The company reported a total income of 449.08 million rupees for the quarter, down from 532.73 million rupees during the same period in the previous year. A significant reduction was noted in profits from sukuk certificates, which fell to 110.24 million rupees from 341.56 million rupees, marking a very large or significant move. Conversely, income from savings accounts increased to 183.42 million rupees from 141.11 million rupees, classified as a big move.
Profit from bai muajjal, a financial instrument not reported in the prior year's quarter, contributed 42.34 million rupees to the income. Additionally, the profit on the certificate of musharakah increased to 81.61 million rupees from 51.74 million rupees, signaling a very large or significant move. The net realized loss on investments amounted to 1.62 million rupees, contrasting with a gain of 934,000 rupees in the previous year.
According to information available from the Pakistan Stock Exchange (PSX), the company's expenses for the quarter decreased to 70.02 million rupees from 105.04 million rupees a year earlier. This reduction is primarily due to lower remuneration expenses for the management company and the trustee.
The net income before taxation stood at 379.07 million rupees, decreasing from 426.68 million rupees in the previous year. After accounting for income already paid on units redeemed, the net income for allocation amounted to 322.32 million rupees, compared to 366.10 million rupees last year.
The comprehensive income for the quarter remained consistent with the net income after taxation, as there were no other comprehensive income components reported. The company's financial stance reflects the dynamic shifts within its income streams, impacting its quarterly financial outcomes.