Lahore: First Fidelity Leasing Modaraba, under the management of Fidelity Capital Management (Private) Limited, has scheduled a mandatory corporate briefing session for the financial year 2024-2025. The session is set to occur on November 27, 2025, at 2:00 P.M. at the Modaraba's registered office in Lahore, as per notices issued by the Pakistan Stock Exchange (PSX).

The Modaraba, established in December 1991 and listed on all stock exchanges in Pakistan, operates as a perpetual, multipurpose, and multidimensional financial entity. Its activities span ijarah (leasing), musharika and morabaha financing, equity investment, and brokerage, among others. The forthcoming briefing will provide an overview of its financial operations, which have been prepared in compliance with applicable International Accounting Standards in Pakistan and notified by the Securities and Exchange Commission of Pakistan.

The financial performance of First Fidelity Leasing Modaraba for the year ending June 2025 showed revenue of 13.264 million rupees, a decrease from the previous year's 19.73 million rupees. The Modaraba reported an operating profit before taxation and management fee of 1.467 million rupees, contrasting with a loss of 22.61 million rupees the prior year. The financial position indicates total assets of 335.44 million rupees, with certificate holders' equity standing at 297.63 million rupees.

According to information available from the Pakistan Stock Exchange (PSX), the Modaraba's equity and liabilities as of June 30, 2025, include authorized certificate capital of 625 million rupees, issued certificate capital of 264.13 million rupees, and statutory reserves of 94.62 million rupees. Accumulated losses amounted to 61.13 million rupees, reflecting a reduction from the previous year's 59.50 million rupees.

The assets of the Modaraba as of June 30, 2025, comprised non-current assets totaling 255.43 million rupees, including property, equipment, and assets leased out under ijarah contracts. Current assets stood at 80.01 million rupees, with investments under murabahah arrangements and bank balances among the components.

The Modaraba's commitment to providing innovative Islamic financial services is underscored by its mission to achieve a unique position in the sector by developing new products and supporting economic and industrial growth. The briefing session aims to inform certificate holders of the Modaraba's financial trajectory and strategic direction.