Karachi: The First Credit and Investment Bank Ltd. has released its annual financial report for the fiscal year ending June 30, 2026, revealing substantial changes in its financial position and performance compared to the previous year. The report was dated October 2, 2026, and provides a detailed account of the company's assets, liabilities, and profit and loss statement.

The bank's total assets increased to 4.37 billion Rupees in 2026, up from 4.11 billion Rupees in 2025, marking a very large or significant move. A closer examination shows that non-current assets decreased to 1.98 billion Rupees from 3.37 billion Rupees, while current assets rose to 2.39 billion Rupees from 740.37 million Rupees. The significant rise in current assets was driven by a jump in short-term investments to 1.96 billion Rupees, a very large or significant move from the previous year's 276.72 million Rupees.

Equity and liabilities showed notable variations as well. Shareholders' equity increased slightly to 892.56 million Rupees from 875.47 million Rupees. Non-current liabilities increased to 26.63 million Rupees from 6.56 million Rupees, primarily due to the introduction of a lease liability. Current liabilities also saw a rise to 3.45 billion Rupees from 3.23 billion Rupees, influenced largely by an increase in short-term repo borrowing to 3.40 billion Rupees from 3.19 billion Rupees.

According to information available from the Pakistan Stock Exchange (PSX), the bank's income from term finances and funds placements showed a moderate move, increasing to 56.62 million Rupees from 53.74 million Rupees. However, income from investments plummeted to 169.45 million Rupees from 530.09 million Rupees, a very large or significant move.

The bank reported a profit after taxation of 66.01 million Rupees, up from 56.27 million Rupees the previous year, reflecting a moderate move. Earnings per share increased to 1.02 Rupees from 0.87 Rupees, indicating an improvement in shareholder returns. Despite facing challenges in investment income, the bank's financial performance shows resilience, maintaining profitability through strategic management of expenses and finance costs.