Karachi: In a meeting held on August 6, 2026, the Board of Directors of Habib Metropolitan Modaraba Management Company (Private) Limited approved the annual audited financial statements for First Habib Modaraba, covering the fiscal year ending June 30, 2026. The board has announced a final cash dividend of Rs. 2.25 per certificate, representing a 22.5% return for certificate holders.
The financial results, as revealed in the statement of financial position, indicate that First Habib Modaraba's total assets have surged to Rs. 41,727,095,490 from Rs. 34,749,383,669 in the previous year. The significant growth in assets is primarily attributed to the increase in diminishing musharaka financing, which rose to Rs. 24.66 billion from Rs. 20.56 billion. The company's current assets also increased to Rs. 16.44 billion from Rs. 13.27 billion in 2025.
According to information available from the Pakistan Stock Exchange (PSX), the Modaraba’s profit after taxation for the year stood at Rs. 747,920,468, showing a decline from Rs. 901,496,565 in the previous year. This reflects a big move in profitability. The total comprehensive income for the year was Rs. 726,337,743 compared to Rs. 907,883,891 for the year ended June 30, 2025.
The statement of comprehensive income further highlights that income from diminishing musharaka financing marginally decreased to Rs. 4,850,542,097 from Rs. 4,971,815,210. Administrative expenses increased to Rs. 336,012,882, up from Rs. 298,249,349 in the preceding year, while financial charges rose to Rs. 3,351,112,641 from Rs. 3,322,357,382.
The Modaraba's equity and liabilities reached Rs. 41,727,095,490, an increase from Rs. 34,749,383,669 in 2025. Certificate holders' equity rose to Rs. 6,231,025,320 from Rs. 5,738,894,940, reflecting enhanced reserves and retained earnings. However, the surplus on revaluation of investments decreased to Rs. 30,014,336 from Rs. 45,175,598, indicating a moderate move.
The Annual Review Meeting for the Modaraba has been scheduled for October 7, 2026, at 3:00 p.m. in Karachi. The certificate transfer books will remain closed from October 1, 2026, to October 9, 2026, inclusive. Transfers received by the close of business on September 30, 2026, will be eligible for the entitlement.
No bonus, right shares, or other corporate actions were announced, and no price-sensitive information was disclosed apart from the financial performance details. The Annual Report will be made available through PUCARS at least 21 days prior to the Annual Review Meeting.