KARACHI: First Habib Modaraba (PSX: FHM) has announced its financial results for the nine months ended March 31, 2026, reporting a profit after taxation of Rs589.04 million, reflecting a decline of around 10.2% compared to Rs655.92 million earned during the corresponding period last year. The financial statements were approved by the Board of Directors of Habib Metropolitan Modaraba Management Company (Private) Limited in its meeting held on April 28, 2026.
The Modaraba recorded earnings per certificate (EPS) of Rs5.31, down from Rs5.92 in the same period of the previous year. Despite the decline in net profit, First Habib Modaraba maintained stable operational performance amid a challenging business environment.
For the third quarter alone, the company posted a profit after tax of Rs208.27 million, an improvement from Rs187.39 million reported in the corresponding quarter of last year. Quarterly EPS increased to Rs1.88, compared with Rs1.69 a year earlier, indicating stronger performance during the latest quarter.
During the nine-month period, income from diminishing musharaka financing stood at Rs3.56 billion, compared with Rs3.80 billion in the same period last year. The company also earned Rs138.34 million in other income, while financial charges amounted to Rs2.41 billion. Profit before taxation reached Rs917.43 million, broadly in line with the previous year’s Rs912.75 million, before tax expenses reduced the bottom line.
On the balance sheet side, total assets increased to Rs40.31 billion as of March 31, 2026, from Rs34.75 billion at the close of the last financial year. Meanwhile, certificate holders’ equity improved to Rs6.08 billion, highlighting continued growth in the Modaraba’s financial position.
The Board did not recommend any cash dividend, bonus certificates, right certificates, or any other corporate action for the period under review.
Overall, while First Habib Modaraba reported a modest decline in cumulative earnings for the nine-month period, the improvement in quarterly profitability and growth in its asset base underscore the institution’s resilience and steady operational performance.
