Karachi: First Al-Noor Modaraba, a key player in Pakistan’s financial services market, has reported an improved profit after taxation for the fiscal year ending June 30, 2025, despite a decline in income from investments. The company announced a profit after taxation of 2.41 million rupees, up from the previous year’s figure of 0.39 million rupees. The earnings per certificate also showed an increase, reaching 0.10 rupees compared to 0.02 rupees last year.

The company’s financial statement revealed an increase in total assets, which rose to 275.02 million rupees from 269.12 million rupees in the previous year. Current assets, including cash and bank balances, short-term investments, and stock in trade, showed an upward trend. Cash and bank balances notably increased to 133.92 million rupees from 92.71 million rupees, marking a moderate move. However, there was a big move in long-term investments, which decreased significantly to 15.58 million rupees from 36.31 million rupees.

Despite the challenges, First Al-Noor Modaraba’s revenue from trading operations turned positive, generating 15.82 million rupees compared to a loss of 6.76 million rupees in the previous year. However, income from investments saw a big move downward to 25.64 million rupees from 33.26 million rupees. Administrative and operating expenses rose to 36.50 million rupees from 32.97 million rupees, reflecting a moderate move.

The company’s total comprehensive income for the year amounted to 2.36 million rupees, up from 2.21 million rupees in the previous year. The statement of comprehensive income highlighted other comprehensive losses, including remeasurement losses of net defined benefit liabilities and share of other comprehensive loss of associate, which contributed to a total comprehensive loss of 1.93 million rupees.

According to information available from the Pakistan Stock Exchange (PSX), First Al-Noor Modaraba’s equity position improved slightly, with certificate holders’ equity standing at 259.02 million rupees, up from 256.74 million rupees. The balance sheet also showed an increase in creditors, accrued and other liabilities, which rose to 2.83 million rupees from 1.14 million rupees, indicating a very large or significant move.

Overall, First Al-Noor Modaraba has demonstrated resilience in the face of fluctuating investment income and increased operational expenses, achieving a moderate improvement in its financial outcomes for the year ending June 30, 2025.