Karachi: NBP Fund Management Limited has published its annual report for the fiscal year ending June 30, 2026, revealing a notable decrease in investment gains compared to the previous year. According to the report, the combined net realized gain on the sale of investments for the NBP Income Fund of Funds amounted to 206,059, a significant decline from 1.32 million recorded in 2025.
The report, dated October 1, 2026, details the financial performance of three NBP plans: NBP Cash Plan - I, NBP Cash Plan - II, and NBP Income Plan - I. A detailed examination of the income statement reveals that the total income for 2026 was 494,660, a decrease from 1.21 million in 2025. The drop in income is attributed primarily to a fall in net realized gains and dividend income, which saw a significant move, decreasing from 519,172 in 2025 to 235,406 in 2026.
According to information available from the Pakistan Stock Exchange (PSX), the fund's profit on bank balances also experienced a decrease, dropping to 13,975 from 79,097 in the previous year. This downturn in income from various sources has impacted the overall financial health of the fund.
Despite the decline in income, total expenses for the year were reduced to 11,883 from 18,237 in 2025. This reduction in expenses is primarily due to lower management remuneration and trustee fees. However, the net income for the year after taxation still fell to 482,777 from 2.04 million in the previous year, marking a very large or significant move.
The allocation of net income for the year also showed a decrease, with the net income after taxation standing at 482,777 compared to 2.04 million in 2025. After accounting for income already paid on units redeemed, the accounting income available for distribution relating to capital gains amounted to 245,279, down from 1.09 million in the previous year.
This financial report underscores the challenging economic conditions faced by NBP Fund Management Limited, reflected in the substantial decrease in investment gains and overall net income.