Lahore: The Board of Directors of Wasl Mobility Modaraba Limited convened in Lahore on October 29, 2025, to approve the company’s quarterly financial statements for the period ending September 30, 2025. The financial results highlight a modest financial performance with no declarations of cash dividends, bonus shares, right shares, or other corporate actions.
According to the unaudited condensed interim financial statements, the total assets of Wasl Mobility Modaraba rose to 1.13 billion rupees from 1.10 billion rupees as of June 30, 2025. The issued, subscribed, and paid-up certificate capital remained consistent at 1.29 billion rupees. The company reported a statutory reserve of 157.98 million rupees and an accumulated loss of 484.67 million rupees, showing an improvement from the previous 494.52 million rupees.
The income for the quarter included Ijarah rentals of 45.16 million rupees, a notable increase from 6.89 million rupees in the same quarter of the previous year. Income from deposits with banks decreased significantly to 1.19 million rupees from 8.87 million rupees. The quarter also saw a gain on the sale of investments totaling 8.54 million rupees. Notably, the company recorded an unrealized gain on investments classified as fair value through profit or loss amounting to 68.10 million rupees, marking a very large or significant move from the previous 47.64 million rupees.
According to information available from the Pakistan Stock Exchange (PSX), Wasl Mobility Modaraba’s profit after taxation for the quarter stood at 9.84 million rupees, up from 7.19 million rupees in the previous year. Earnings per certificate increased to 0.08 rupees compared to 0.06 rupees for the same quarter last year.
The company’s financial health reflected an operational net cash generation of 70.27 million rupees, despite a significant net cash outflow from investing activities amounting to 124.65 million rupees. Cash and cash equivalents at the end of the quarter were reported at 106.86 million rupees, down from 161.24 million rupees at the start of the period.
Wasl Mobility Modaraba’s interim financial results for the quarter ending September 30, 2025, will be disseminated through PUCARS as per the designated market category, adhering to regulatory requirements. The performance underscores the company’s stable position, backed by investment gains and strategic financial management, even as it navigates a challenging economic environment.