Karachi: Unicap Modaraba Limited has released its annual audited financial statements for the year ending June 30, 2025. The report highlights a stable financial trajectory despite a reported loss of Rs. 0.366 million for the current fiscal year, a minor improvement compared to last year’s Rs. 0.368 million loss.
According to the directors' report, Pakistan’s economy has been globally recognized for macroeconomic stabilization in the past fiscal year. The government achieved a historic primary surplus of 3.0% of GDP for July-March FY2025, an increase from 1.5% the previous year. Inflation dropped to a six-decade low of 0.3% in April 2025, and the KIBOR rate declined to 11.3%. Notably, the Pakistan Stock Exchange saw a significant move with a 50% return, rising by 78,000 points, reflecting strong investor confidence.
Unicap Modaraba’s operations continue to focus on the agricultural sector, with trading in agricultural input seeds reaching Rs. 59.079 million. The Modaraba gained Rs. 1.9 million from seed sales, with the total stock value reinvested into high-quality agriculture inputs worth Rs. 62.974 million, aimed at benefiting from upcoming sowing seasons.
The financial health of Unicap Modaraba has improved significantly since the takeover by Map Out Management Company (Pvt.) Limited. The authorized Modaraba fund increased by Rs. 40 million, and the paid-up fund rose by Rs. 100 million, reflecting a positive financial impact. Total assets now stand at Rs. 63.230 million, an increase of Rs. 59.58 million since the takeover.
According to information available from the Pakistan Stock Exchange (PSX), Unicap Modaraba remains committed to its revival strategy, backed by financial support from sponsors and associated concerns. The management is exploring resource mobilization options, including leveraging its balance sheet through bank credit lines. However, the approval of a second equity tranche of Rs. 50 million at a discount remains pending with the Registrar Modaraba SECP.
The Modaraba's accumulated loss for the year stands at Rs. 167.368 million, up from Rs. 167.001 million the previous year. Despite this, the statutory reserve holds Rs. 8,738,973, adhering to the Prudential Regulations by the Securities & Exchange Commission of Pakistan.
In corporate governance, the Modaraba complies with the Code of Corporate Governance and Pakistan Stock Exchange Regulations. The board confirms adherence to relevant principles, with all financial statements prepared accurately and judiciously.
Looking forward, Unicap Modaraba aims to maintain growth through controlled balance sheet leveraging and strict monitoring of operating expenses. The management is optimistic about further improving its position within the sector.
The financial statements were audited without qualification by M/s Ilyas Saeed & Co. Chartered Accountants. The Board has reaffirmed their appointment for the next fiscal year ending June 30, 2025.
The Board expressed gratitude for the continued guidance and support from SECP and appreciation for the trust and support of Modaraba Certificate Holders and customers.