First Punjab Modaraba has announced its unaudited financial results for the quarter ended March 31, 2026, demonstrating a notable improvement in financial performance compared to the corresponding period last year.
The company reported a net profit of Rs. 452,950 for the quarter, reversing a net loss of Rs. 62.96 million recorded during the same period in 2025. Earnings per certificate also improved, reaching Rs. 0.01 compared to a loss per certificate of Rs. 1.85 in the prior-year period.
The turnaround was primarily supported by stronger income from operations and significant reversals of provisions related to financing arrangements. Total income for the quarter stood at approximately Rs. 59.81 million, while prudent cost management helped contain overall expenses.
As of March 31, 2026, First Punjab Modaraba’s total assets increased to Rs. 1.78 billion, up from Rs. 1.74 billion at the end of December 2025. The company maintained a solid liquidity position, with cash and bank balances rising to Rs. 103.14 million.
The balance sheet reflects continued strength in the company’s investment portfolio, including investments under Musharakah and Murabaha arrangements. Certificate holders’ equity improved to approximately Rs. 1.54 billion, supported by the positive quarterly result.
Cash flow performance also strengthened considerably. Net cash generated from operating activities reached Rs. 19.93 million, compared with a net cash outflow of Rs. 58.20 million during the corresponding period last year. This improvement highlights the effectiveness of the company’s financing and investment operations.
The Board of Directors did not recommend any cash dividend, bonus certificates, rights certificates, or other corporate actions for the period. Management remains focused on enhancing profitability, optimizing asset utilization, and creating sustainable value for certificate holders.
The latest results indicate that First Punjab Modaraba has made meaningful progress in stabilizing its financial performance and positioning itself for future growth in Pakistan’s Islamic financial services sector.
