Karachi: Arif Habib Corporation Limited has reported its financial results for the quarter ended September 30, 2026, revealing a significant decline in profit. According to the company's condensed interim consolidated statement of profit or loss, profit for the period amounted to 3.06 billion rupees, a notable decrease from the previous year's 4.50 billion rupees. This represents a very large or significant move of -32.00%.

The company's revenue for the quarter was 2.94 billion rupees, down from 3.33 billion rupees in the same period last year. The gain on remeasurement of investments fell sharply to 66.27 million rupees from 191.68 million rupees, while the gain on the sale of securities also saw a significant decrease, dropping to 45.53 million rupees from 1.31 billion rupees.

Arif Habib Corporation's operating and investing income totaled 3.05 billion rupees compared to 4.83 billion rupees in the previous year, reflecting a significant decline. The cost of energy sales was slightly lower at 486.88 million rupees, compared to 491.41 million rupees last year. Administrative expenses increased to 825.86 million rupees from 774.11 million rupees.

According to information available from the Pakistan Stock Exchange (PSX), the company's other income improved to 26.70 million rupees from 19.46 million rupees. However, finance costs decreased to 147.91 million rupees from 256.19 million rupees, and other charges increased to 1.54 million rupees from 619,271 rupees.

The profit before share of profit of equity-accounted investees plummeted to 1.61 billion rupees from 3.33 billion rupees. The share of profit of equity-accounted investees, net of tax, stood at 1.83 billion rupees, down from 2.31 billion rupees. Consequently, profit before levies and income tax fell to 3.44 billion rupees from 5.64 billion rupees.

After accounting for levies of 383,481 rupees and an income tax expense of 379.77 million rupees, the profit attributable to equity holders of the parent company was 2.82 billion rupees, down from 4.22 billion rupees. Non-controlling interests contributed 244.12 million rupees, compared to 281.57 million rupees in the same period last year. The earnings per share, both basic and diluted, were reported at 0.67 rupees, down from 1.00 rupee.

Arif Habib Corporation's financial results reflect the challenges faced during the quarter, with declines in key income streams contributing to the overall decrease in profitability.