Karachi: OLP Modaraba, under the management of OLP Services Pakistan (Private) Limited, announced its financial results for the period ended March 31, 2026. The Board of Directors, in a meeting held on April 26, 2026, approved the outcomes, highlighting a notable shift in cash flow activities despite the absence of dividends or other entitlements for the shareholders.

The company reported a profit before taxation of 179.84 million rupees, a decrease from 199.77 million rupees in the corresponding period of the previous year. Adjustments for non-cash items and other financial charges totaled 647.85 million rupees, compared to 972.97 million rupees in 2025. This adjustment was influenced by factors such as depreciation on ijarah assets and other financial charges.

The net cash generated from operating activities saw a very large move, increasing to 754.01 million rupees from a negative cash flow of 654.75 million rupees in the previous year. This improvement was driven by a combination of decreased liabilities and enhanced asset management. Advances, deposits, prepayments, and other receivables increased to 135.28 million rupees from 27.68 million rupees, contributing to the financial results.

According to information available from the Pakistan Stock Exchange (PSX), OLP Modaraba’s cash flow from investing activities also reflects a moderate move. The net cash generated was 42.16 million rupees, down from 59.30 million rupees in 2025, due to reduced purchases of tangible assets and income received on bank deposits.

Conversely, cash flows from financing activities experienced a downturn with a net cash outflow of 755.44 million rupees, contrasting a positive inflow of 905.12 million rupees during the same period last year. This change is attributed to variations in proceeds from redeemable capital and term finance arrangements, alongside profits distributed to certificate holders.

The financial statements reveal a net increase in cash and cash equivalents of 40.74 million rupees, a significant move from 309.68 million rupees in 2025. The cash and cash equivalents at the end of the period stood at 645.32 million rupees, up marginally from 639.31 million rupees at the beginning of the period. These results provide insight into OLP Modaraba’s strategic financial adjustments amidst a fluctuating economic landscape.