KARACHI: B.F. Modaraba has reported a net profit after tax of Rs2.82 million for the nine-month period ended March 31, 2026, while its board has decided not to declare any cash dividend, bonus certificates, or right certificates for the period.
According to the financial results, the Modaraba posted a profit after tax of Rs2.815 million, a sharp decline from Rs18.93 million recorded during the corresponding period last year. Earnings per certificate (EPS) also fell to Rs0.37, compared with Rs2.52 in the same period of the previous year.
The company’s total revenue stood at Rs13.47 million, significantly lower than Rs30.42 million a year earlier. The decline was primarily attributed to reduced trading income, lower diminishing Musharaka income, and weaker returns from investments. However, income from bank deposits increased during the period, providing some support to overall earnings.
For the quarter ended March 31, 2026, B.F. Modaraba reported a modest profit after tax of Rs148,087, translating into earnings per certificate of Rs0.02, compared with Rs1.56 million and EPS of Rs0.21 in the corresponding quarter last year.
The statement of financial position showed total assets of Rs174.87 million as of March 31, 2026, compared with Rs176.84 million at the end of June 2025. Certificate holders’ equity improved to Rs159.65 million, while cash and bank balances increased to Rs43.38 million.
In its notification to the Pakistan Stock Exchange, the management confirmed that the board meeting held on April 29, 2026, approved the financial results and decided not to declare any cash dividend, bonus certificates, or right certificates for the nine-month period.
Despite maintaining profitability, the substantial year-on-year decline in earnings reflects a challenging operating environment, with lower investment-related income weighing on the Modaraba’s financial performance during the reporting period.
