Karachi: AL Habib Asset Management Limited has released its un-audited financial statements for the quarter ending on September 30, 2025, as approved by its Board of Directors in a meeting held on October 24, 2025. The meeting took place at the Mackinnon’s Building on I.I. Chundrigar Road, Karachi. The financial results cover multiple funds, including the AL Habib Cash Fund, Money Market Fund, Income Fund, Asset Allocation Fund, Stock Fund, Islamic Cash Fund, Islamic Income Fund, Islamic Savings Funds, and Islamic Stock Fund.
The condensed interim income statement for the AL Habib Cash Fund reflects a notable transformation in its revenue streams. For the quarter ended September 30, 2025, the fund reported an income of 1,718.84 million rupees, a decrease from 2,312.55 million rupees in the previous year. This decline is primarily attributed to a net loss on investments classified at fair value through profit or loss, which amounted to 28.62 million rupees, compared to a gain of 275.52 million rupees in the prior year.
Expenses for the management company saw a reduction, with the remuneration of AL Habib Asset Management Limited dropping to 86.63 million rupees from 221.45 million rupees. The total expenses for the quarter stood at 121.94 million rupees, down from 272.80 million rupees in the corresponding period last year. Consequently, the net income before taxation reached 1,568.28 million rupees, compared to 2,315.27 million rupees in 2024.
According to information available from the Pakistan Stock Exchange (PSX), the AL Habib Income Fund also experienced income fluctuations. The fund’s total income for the recent quarter was 675.69 million rupees, showing an increase from 494.80 million rupees last year. This growth occurred despite a net unrealized loss on revaluation of investments amounting to 15.25 million rupees, contrasting with a gain of 87.23 million rupees in the previous year.
The overall income decline for AL Habib Asset Management Limited’s funds, accompanied by a reduction in expenses, highlights the shifting dynamics within the financial market. The designated market category for these funds continues to show varied performance metrics, reflecting the broader economic landscape’s impact on investment portfolios.
AL Habib Asset Management Limited plans to distribute printed copies of the financial statements in due course, providing detailed accounts and further insights into their financial performance.