Karachi: The Board of Directors of Paramount Investments Limited, managing First Paramount Modaraba, announced the financial results on October 1, 2025, for the fiscal year ending June 30, 2025. The announcement, made at a meeting held at the company’s headquarters in Karachi, confirmed that due to existing restrictions imposed by the Securities & Exchange Commission of Pakistan, no dividends will be distributed to certificate holders this year.
According to the financial statement, First Paramount Modaraba reported total assets of 509.28 million rupees, an increase from the previous year’s 473.81 million rupees. The company’s revenue was primarily driven by income from trading operations, which amounted to 81.79 million rupees. Despite the revenue, income from murabaha financing decreased to 13.23 million rupees from 14.07 million rupees in the prior year.
The unconsolidated statement of financial position revealed an increase in trade debtors, rising to 262.67 million rupees from 175.32 million rupees the previous year, indicating changes in the company’s receivables profile. Current assets totaled 466.20 million rupees, up from 416.12 million rupees in 2024.
The financial liabilities of First Paramount Modaraba, which include certificates of musharaka, amounted to 131.88 million rupees, with current liabilities standing at 100.15 million rupees. Despite the liabilities, the company’s equity and reserves increased to 273.89 million rupees from 219.99 million rupees.
According to information available from the Pakistan Stock Exchange (PSX), First Paramount Modaraba’s profit after taxation was reported at 23.90 million rupees, a decrease from the previous year’s profit of 28.54 million rupees. This change represents a very large or significant move of 16.27%. Despite this, the earnings per certificate decreased to 1.73 rupees from 2.07 rupees in the previous year.
The company’s cash flow statement showed a net decrease in cash and cash equivalents by 28.91 million rupees, leaving a closing balance of 18.21 million rupees compared to 47.12 million rupees at the beginning of the year. The decline was attributed to net cash used in investing and financing activities, with significant redemptions and profit payments affecting the overall cash position.
The Annual Review Meeting (ARM) is scheduled for October 28, 2025, at PIMA House in Karachi, with the certificate transfer book closed from October 27 to October 28, 2025, to facilitate participation. The market category for First Paramount Modaraba remains within the financial sector, as the company’s activities are centered around financial services and investments.
The company’s annual report will be distributed through PUCARS, ensuring stakeholders are informed ahead of the scheduled ARM.