Lahore: Punjab Modaraba Services (Pvt.) Limited announced its financial statements for the year ending December 31, 2025, on July 21, 2026, revealing a notable downturn in its income streams and financial status. The company's total income for 2025 stood at PKR 251.50 million, a very large or significant move down from PKR 404.65 million in 2024.
The income from ijarah rentals net decreased from PKR 54.84 million in 2024 to PKR 27.12 million in 2025. Similarly, the profit on murabahah financing saw a substantial decline to PKR 1.76 million from PKR 17.94 million in the previous year. The profit on diminishing musharakah financing also exhibited a decline, with figures dropping from PKR 203.50 million in 2024 to PKR 181.20 million in 2025. A similar trend was observed in the gain on the sale of development properties, which fell to PKR 1.20 million from PKR 2.66 million.
Administrative expenses showed a minor move with a reduction from PKR 98.46 million in 2024 to PKR 96.50 million in 2025. Key expenses such as salaries and other benefits increased slightly to PKR 51.33 million from PKR 50.46 million, while other expenses like the fee and subscription, and commission decreased, contributing to the overall decline in administrative costs.
Finance costs for the company saw a moderate move down, from PKR 370.61 million in 2024 to PKR 309.33 million in 2025. According to information available from the Pakistan Stock Exchange (PSX), this reflects the company's ongoing challenges in managing its financial obligations and cost structures.
The company's non-current assets have shown a slight decrease, totaling PKR 974.13 million in 2025 compared to PKR 982.23 million in 2024. Long-term investments under the musharakah arrangement increased to PKR 717.40 million from PKR 690.45 million. However, the value of fixed assets under ijarah arrangement decreased to PKR 154.06 million.
Current assets marked a very large or significant move down to PKR 765.76 million in 2025 from PKR 993.35 million in 2024. This was attributed to a decrease in short-term investment and advances, deposits, prepayments, and other receivables. Cash and bank balances, however, improved significantly to PKR 81.46 million from PKR 23.08 million.
Non-current liabilities experienced a very large or significant move down, from PKR 1.50 billion in 2024 to PKR 26.82 million in 2025, primarily due to the absence of redeemable capital liabilities in the latter year. Current liabilities also decreased significantly to PKR 177.68 million from PKR 264.82 million.
The financial results indicate a challenging year for Punjab Modaraba Services, highlighting the need for strategic adjustments to address the declining income and manage expenses effectively amid fluctuating market conditions.