Karachi: The Board of Directors of Al-Zamin Modaraba Management (Private) Limited, the management company for Trust Modaraba, announced the approval of the quarterly financial results for the period ending September 30, 2025, during a meeting held on October 23, 2025. The financial report, presented in Karachi, revealed a decline in profits and income compared to the previous year.

The income from ijarah, which stood at 1,124,726 rupees for the quarter, marked a significant decrease from the 2,617,590 rupees recorded in the same period last year. Profit on murabaha finances also saw a downturn, amounting to 707,717 rupees, compared to 1,059,291 rupees in the previous year. Meanwhile, profit on musharakah finances showed a slight increase at 12,813,669 rupees from the previous 12,691,005 rupees. Notably, dividend income on equity investments was non-existent this year, compared to 212,500 rupees last year.

The report highlighted a gain of 1,778,787 rupees on the sale of short-term investments, a rise from 499,471 rupees previously. Other income, however, dropped sharply to 427,499 rupees from 3,621,748 rupees, contributing to the total income decrease to 16,852,398 rupees from 20,701,605 rupees last year.

Operating expenses surged to 11,710,770 rupees from 10,871,753 rupees. Consequently, the profit before taxation fell to 5,325,343 rupees from 7,539,049 rupees, indicating a moderate move in profitability. After accounting for taxation of 1,544,349 rupees, the profit for the period stood at 3,780,994 rupees, down from 6,293,536 rupees, resulting in earnings per certificate of 0.127 rupees compared to 0.211 rupees last year.

The balance sheet presented total assets at 402.53 million rupees, slightly up from 401.96 million rupees, while total liabilities decreased to 49.99 million rupees from 53.21 million rupees. Net assets for the period increased to 352.54 million rupees from 348.76 million rupees.

According to information available from the Pakistan Stock Exchange (PSX), no cash dividend, bonus shares, right shares, or any other entitlements were recommended by the board for the certificate holders. Additionally, there was no other price-sensitive information disclosed.

The cash flow statement revealed a net decrease in cash and cash equivalents by 212,606 rupees, as cash generated from operations stood at a negative 7,703,361 rupees, compared to a positive 4,726,085 rupees last year. The report also highlighted a net cash outflow of 878,334 rupees from investing activities and 1,358,874 rupees used in financing activities.

The financial report will be transmitted through PUCARS in accordance with the designated market category guidelines.