Karachi: B.F. Modaraba reported its financial results for the year ended June 30, 2026, revealing a significant increase in long-term investments, according to the report released on October 5, 2026. The financial statement highlights an increase in total assets, driven primarily by a substantial rise in the value of long-term investments.
The company’s total assets increased to 185.67 million rupees from 176.84 million rupees in the previous year. This growth is largely attributed to the increase in long-term investments, which rose to 105.03 million rupees from 52.54 million rupees, marking a very large or significant move in this category. The financial position also shows a decrease in cash and bank balances to 14.10 million rupees from 41.88 million rupees, reflecting a shift in asset allocation.
On the liabilities side, current liabilities decreased to 3.26 million rupees from 5.86 million rupees, indicating improved management of short-term obligations. Certificate holders' equity experienced an increase to 160.35 million rupees from 149.51 million rupees, showing a positive outlook for equity holders.
According to information available from the Pakistan Stock Exchange (PSX), the company's revenue saw a decline to 17.09 million rupees from 33.15 million rupees, mainly due to lower trading income and dividend receipts. Trading income fell to 4.77 million rupees from 17.46 million rupees, while dividends decreased to 2.52 million rupees from 5.02 million rupees, both contributing to a very large or significant move in revenue reduction.
Operating expenses increased to 11.95 million rupees from 10.69 million rupees, affecting the profit before charging Management Company's remuneration, which decreased to 5.14 million rupees from 22.45 million rupees. After accounting for management remuneration and other provisions, profit before taxation fell to 4.53 million rupees from 19.80 million rupees.
Final taxes increased to 923,761 rupees from 819,774 rupees, contributing to a reduction in profit after taxation to 3.52 million rupees from 14.70 million rupees, resulting in a big move in profitability decline. The earning per certificate decreased to 0.47 rupees from 1.96 rupees, reflecting the overall decline in profitability for the year.
The designated market category for B.F. Modaraba remains unchanged, despite the fluctuations in financial performance over the year.