Karachi: The financial performance of First Habib Modaraba for the nine months and quarter ending March 31, 2026, has been disclosed following a meeting of the Board of Directors of its management company, Habib Metropolitan Modaraba Management Company (Private) Limited. The meeting took place on April 28, 2026, at 11:00 a.m. in Karachi. The company reported a decrease in profit after tax for the nine-month period compared to the previous year, with no cash or bonus dividends declared for shareholders.
The profit after taxation for the nine months ending March 31, 2026, was recorded at 589.04 million rupees, a decrease from the 655.92 million rupees reported for the same period last year. The company’s earnings per certificate also declined to 5.31 rupees from 5.92 rupees in the previous year. Notably, there was a deficit on the revaluation of investments classified as fair value through other comprehensive income, resulting in a total comprehensive income of 580.84 million rupees, down from 687.54 million rupees in the same period last year.
According to information available from the Pakistan Stock Exchange (PSX), the financial results indicate a decrease in income from diminishing musharaka financing, which fell to 3.56 billion rupees from 3.80 billion rupees in the preceding year. Administrative expenses rose to 232.95 million rupees from 197.10 million rupees, contributing to a decline in profitability. The company did not declare any cash dividend, bonus shares, or right shares for the period, stating that there were no other entitlements or corporate actions.
The statement of financial position reveals a balance of 6.08 billion rupees in total equity as of March 31, 2026, compared to 5.50 billion rupees at the same point last year. This increase is attributed to the transfer from unappropriated profit to general reserves. Despite the challenges, the management company has maintained stable operations, as reflected in the financial charges of 2.41 billion rupees, a decrease from 2.58 billion rupees in the previous year.
The Karachi-based company, operating under the designated market category of modaraba management, continues to focus on enhancing its financial resilience amid fluctuating market conditions. The quarterly report of the modaraba for the period ending March 31, 2026, is set to be transmitted through PUCARS in a timely manner.