First Credit and Investment Bank Posts Profit Growth in FY2026
KARACHI, September 21, 2026: First Credit and Investment Bank Limited (FCIBL) reported improved profitability for the financial year ended June 30, 2026, with profit after taxation rising to Rs66.01 million, compared with Rs56.27 million in the previous financial year.
According to the company’s financial statements, profit before taxation increased to Rs77.56 million in FY2026 from Rs62.33 million a year earlier. Earnings per share also improved to Rs1.02, compared with Rs0.87 in FY2025.
Operating Income Improves
The bank recorded total income of approximately Rs257.21 million during FY2026, compared with Rs602.16 million in FY2025. Despite the lower overall income figure, finance costs declined substantially to Rs95.89 million from Rs461.80 million.
Administrative and operating expenses increased moderately to Rs104.87 million, compared with Rs98.61 million in the previous year. As a result, operating income before provisions reached Rs56.45 million, up from Rs41.75 million in FY2025.
The financial statements also show reversals against accrued mark-up and investments under the allowance for expected credit losses, contributing to the company’s pre-tax result.
Asset Base Crosses Rs4.36 Billion
FCIBL’s total assets stood at Rs4.37 billion as of June 30, 2026, compared with Rs4.11 billion at the end of June 2025.
Current assets increased significantly to approximately Rs2.39 billion from Rs740.37 million. Short-term investments stood at about Rs1.96 billion, while short-term loans and finances were reported at approximately Rs197.93 million.
Long-term investments, meanwhile, declined to around Rs1.71 billion from Rs3.06 billion a year earlier.
Shareholders’ Equity Remains Above Rs892 Million
The company’s total shareholders’ equity increased to approximately Rs892.56 million at June 30, 2026, compared with Rs875.47 million in FY2025.
Issued, subscribed and paid-up share capital remained unchanged at Rs650 million, while accumulated profit increased to approximately Rs276.17 million from Rs208.99 million.
The financial statements also reported a deficit on remeasurement of investments through other comprehensive income of approximately Rs33.61 million, compared with a surplus of Rs16.48 million in the previous year.
No Final Cash Dividend or Bonus Shares Recommended
For the year ended June 30, 2026, the board recommended no final cash dividend. The company also proposed no bonus shares and no right shares, according to its notice to the Pakistan Stock Exchange.
The company’s Annual General Meeting is scheduled for October 24, 2026, at 12:30 p.m. at the Registered Office, 2nd Floor, SIDCO Avenue Centre, Stratchen Road, Karachi. The Register of Members will be closed from October 16 to October 24, 2026.
Comprehensive Income Declines
While reported profit after tax increased, FCIBL’s total comprehensive income for FY2026 fell to approximately Rs17.09 million, compared with Rs88.60 million in FY2025.
The decline was primarily associated with losses recognized through other comprehensive income, including remeasurement of investments. The company reported total other comprehensive loss of approximately Rs48.92 million for FY2026.
Cash Flow Remains an Area to Watch
The cash flow statement showed net cash generated from operating activities of negative Rs259,886 during FY2026, compared with positive Rs246.73 million in FY2025.
The company also recorded net cash used in investing activities of approximately Rs365.53 million. Overall, cash and cash equivalents decreased by around Rs375.03 million during the year, leaving cash and cash equivalents at approximately Rs3.31 billion at June 30, 2026.
Overall, FCIBL’s FY2026 results show higher profit after tax and improved earnings per share alongside significant changes in its investment portfolio and asset composition. The board’s decision not to declare a final dividend, bonus shares or right shares will also be among the key points for shareholders ahead of the company’s annual general meeting.
