Karachi: Popular Islamic Modaraba, a notable Islamic financial institution, has reported its financial results for the quarter ending September 30, 2025. The financial performance, approved by the Board of Directors of the Popular Islamic Modaraba Management Company (Private) Limited, was announced following their meeting held on October 24, 2025, in Karachi.
The unaudited financials reveal that the institution experienced a profit after taxation of 3.96 million rupees, a decrease from the 5.37 million rupees recorded in the same quarter of the previous year. This represents a decline of 26.23%, which is categorized as a significant move. The total comprehensive income also reflected this decline, mirroring the profit after taxation figures.
According to information available from the Pakistan Stock Exchange (PSX), the total assets of Popular Islamic Modaraba increased to 258.43 million rupees from 238.08 million rupees in the previous quarter, marking a rise in the company's asset base. The certificate holders’ equity also rose to 223.30 million rupees from 219.34 million rupees, indicating an improvement in equity by a moderate move of 1.80%.
The financial report confirmed that no cash dividend, bonus shares, or right shares were recommended for this quarter. Additionally, no other entitlements or corporate actions were undertaken during this period.
The earnings per certificate for the quarter stood at 0.20 rupees, down from 0.27 rupees in the same quarter the previous year, illustrating a contraction in earnings per share.
In terms of cash flow, the institution reported a net increase in cash and cash equivalents to 16.33 million rupees from 3.93 million rupees at the start of the year. This improvement was largely driven by a loan from the management company amounting to 15.00 million rupees.
Overall, the financial results reflect a cautious outlook with notable improvements in asset base and equity, juxtaposed with a decline in profitability and earnings per certificate. The management emphasized the ongoing transmission of the Quarterly Report through PUCARS within the specified timeframe.