Karachi: First Al-Noor Modaraba has reported a notable increase in profit for the fiscal year ending September 30, 2025. The company's profit after tax ratio rose to 5.45% from 1.12% the previous year, marking a very large or significant move.

According to information available from the Pakistan Stock Exchange (PSX), the modaraba has shown a strategic shift in its asset allocation. Cash and bank balances have surged to 48.69% of total assets from 34.45% in 2024, representing a big move. This increase appears to be part of a broader strategy to enhance liquidity and stabilize financial performance.

Fixed assets for own use increased by a moderate move from 0.40% in 2024 to 0.46% in 2025. On the other hand, the long-term portion of diminishing musharakah (syndicate) saw a significant drop from 0.40% to 0.05%.

The report also highlights a decline in stock in trade, which fell from 29.23% in 2024 to 24.82% in 2025, indicating a strategic reduction in inventory levels. Meanwhile, the company's long-term investments decreased substantially from 13.49% to 5.67%, aligning with a restructuring phase to optimize the asset portfolio.

First Al-Noor Modaraba's total assets increased to 274.86 million, up from 269.12 million in the previous year. The total liabilities also saw an increase, now standing at 15.82 million compared to 13.18 million, as part of the company's capital structure adjustments.

Overall, the modaraba's financial indicators reflect a strategic pivot towards liquidity management and asset restructuring, which has contributed to the improved profitability margins for the year.