Karachi: HBL Asset Management Limited announced the financial results for its various funds for the fiscal year ending June 30, 2025. The results were approved by the Board of Directors during their meeting on August 28, 2025, in Karachi. The announcement covers both conventional and Shariah-compliant funds managed by the company.

The company detailed the performance of conventional funds such as the HBL Energy Fund, HBL Government Securities Fund, HBL Cash Fund, and others. Notably, the HBL Energy Fund reported a significant increase in its net assets, marking a very large or significant move. The net assets rose to 1.83 billion from the previous year’s 566.73 million. Similarly, the number of units in issue saw a big move, with an increase from 33,372,321 units to 68,259,847 units. However, the fund did not declare any distribution for the year.

According to information available from the Pakistan Stock Exchange (PSX), the financial results highlight key changes in the fund’s assets and liabilities. The fund’s total assets increased significantly, primarily driven by investments rising from 558.94 million to 1.91 billion. The bank balance also saw a very large or significant move, climbing to 115.00 million from 25.95 million. On the liabilities side, there was also a notable increase, with total liabilities reaching 198.78 million from 25.61 million, marking a very large or significant move.

In terms of income performance, the HBL Energy Fund reported an increase in net income from operating activities before taxation, registering 351.73 million compared to 164.47 million from the previous year, which is a very large or significant move. The capital gains on the sale of investments and unrealized gains on re-measurement of investments contributed significantly to this growth.

The net income for the year after taxation remained at 351.73 million, and after accounting for income paid on redemption of units, the accounting income available for distribution was 133.49 million. The earnings per unit were reported as 4.11.

HBL Asset Management’s announcement provides insights into the performance of its funds, reflecting substantial growth in certain asset categories and net income, underscoring the company’s operational strategies during the financial year 2025.