Karachi: NBP Fund Management Limited's NBP Islamic Sarmaya Izafa Fund has released its annual report for the fiscal year ending June 30, 2026, revealing a noteworthy financial performance. The fund reported a net income of 573.42 million rupees for the year, reflecting an increase from the previous year's figure of 542.38 million rupees.

The report, dated October 1, 2026, highlights the fund's total income, which reached 650.92 million rupees, up from 607.15 million rupees in the prior year. This growth is attributed primarily to a gain on the sale of investments, which netted 97.94 million rupees, and a net unrealized appreciation on re-measurement of investments classified as financial assets 'at fair value through profit or loss,' amounting to 468.50 million rupees. Dividend income also contributed 65.10 million rupees, increasing from last year's 60.33 million rupees.

According to information available from the Pakistan Stock Exchange (PSX), the fund's investments surged to 1.97 billion rupees from 1.32 billion rupees, representing a significant move in asset growth. The total assets as of June 30, 2026, rose to 2.35 billion rupees compared to 1.76 billion rupees in 2025.

The fund's expenses also saw an increase, totaling 77.50 million rupees, up from 64.76 million rupees in the previous year. This rise in expenses was mainly due to higher remuneration of the management company, which increased to 57.98 million rupees from 42.69 million rupees, and Sindh Sales Tax on remuneration, which went up to 8.70 million rupees from 6.40 million rupees.

Despite the increased expenses, the fund's net assets grew to 2.28 billion rupees, compared to 1.60 billion rupees last year. The number of units in issue also rose to 61,980,665 from 57,553,876 in 2025, and the net asset value per unit increased to 36.7381 rupees from 27.8323 rupees.

The report did not indicate any taxation for the year, allowing the full net income of 573.42 million rupees to be allocated for distribution. After accounting for income already paid on redeemed units, the fund's allocation of net income was 444.51 million rupees, up from 430.33 million rupees in the previous year.

Overall, the fund demonstrated a strong financial performance, characterized by robust asset growth and an increase in net income, amid a challenging economic environment.