Karachi: First Paramount Modaraba has announced its financial results for the year ended June 30, 2026, revealing a notable increase in profit after taxation to Rs 156.62 million from Rs 23.90 million in 2025. This increase marks a very large or significant move in profitability from the previous year.

According to the report released on November 3, 2026, the company's income from trading operations decreased to Rs 55.78 million from Rs 81.79 million in the prior year. However, income from murabaha financing increased to Rs 16.29 million from Rs 13.23 million. The company also recorded income from AML operations amounting to Rs 9.44 million, whereas there was no income from musharaka financing this year, a decline from the Rs 2.29 million recorded in 2025.

First Paramount Modaraba's administrative and operating expenses rose to Rs 65.45 million from Rs 46.02 million. Despite these increased expenses, a net gain on business combination amounted to Rs 194.40 million, significantly contributing to the financial uplift. The company also reported other income totaling Rs 6.12 million, compared to Rs 7.62 million last year.

Additionally, the Modaraba Management Company's remuneration saw a rise to Rs 18.46 million from Rs 3.63 million. The profit before levy and taxation was reported at Rs 162.78 million, climbing from Rs 31.98 million the previous year. The levy imposed this year was Rs 27.66 million, a substantial increase from Rs 0.71 million. Consequently, the profit before taxation reached Rs 135.12 million.

The company's taxation for the year resulted in a gain of Rs 21.50 million compared to a previous expense of Rs 7.37 million, boosting the profit after taxation. Earnings per certificate increased to Rs 11.53 from Rs 1.73.

According to information available from the Pakistan Stock Exchange (PSX), First Paramount Modaraba's total equity attributable to certificate holders swelled to Rs 432.91 million from Rs 273.89 million. The musharaka partner interest was recorded at Rs 127.21 million. Meanwhile, the total equity and liabilities reached Rs 805.76 million, up from Rs 509.28 million.

The financial outcomes highlight a transformative year for First Paramount Modaraba, marking a significant milestone in its fiscal performance and reflecting strategic business decisions implemented over the year.