Karachi: Popular Islamic Modaraba has reported a substantial decrease in its financial performance for the year ended June 30, 2026. According to the annual report released on October 2, 2026, the total assets of the company decreased to 230.47 million rupees from 238.08 million rupees in the previous year, reflecting a very large or significant move.

The company's income witnessed a notable decline, falling from 41.74 million rupees in 2025 to 28.77 million rupees in 2026. This decrease has impacted the profit before taxation, which also dropped to 17.92 million rupees from 28.42 million rupees, marking another very large or significant move.

According to information available from the Pakistan Stock Exchange (PSX), the earnings per certificate, both basic and diluted, stood at 0.75 rupees, down from 1.39 rupees the previous year. This change highlights a very large or significant move in the earnings per certificate.

The financial report also highlighted a decrease in cash and bank balances, which rose to 15.37 million rupees from 3.93 million rupees, demonstrating a very large or significant move. Additionally, the diminishing musharaka financing showed a decrease, recording 99.02 million rupees compared to 112.43 million rupees in 2025.

Popular Islamic Modaraba's total comprehensive income also experienced a very large or significant move, dropping to 15.04 million rupees from the previous year's 25.71 million rupees. This decline reflects the overall challenging financial environment faced by the company during the reported period.