Karachi, October 24, 2026 — Arif Habib Limited has reported an improvement in its consolidated profitability for the first quarter ended September 30, 2026, with after-tax profit rising to Rs 268.94 million from Rs 248.89 million in the same period last year.

According to the company’s financial results submitted to the Pakistan Stock Exchange (PSX), consolidated earnings per share (EPS) increased to Rs 4.12, compared with Rs 3.81 in the corresponding quarter of the previous year.

Revenue and Profitability Improve

The company’s consolidated operating revenue increased to Rs 590.34 million during the quarter, up from Rs 433.85 million a year earlier. This represents an increase of approximately 36.1%, reflecting stronger revenue generation during the reporting period.

Total income, including realized gains on investments and changes in unrealized investment gains or losses, reached Rs 646.43 million, compared with Rs 631.49 million in the same quarter last year.

Administrative and operating expenses declined to Rs 352.33 million from Rs 367.93 million, helping support the improvement in profitability. Other operating income increased to Rs 104.57 million from Rs 66.01 million.

However, finance costs rose to Rs 42.72 million from Rs 27.34 million, while taxation increased to Rs 86.62 million from Rs 52.90 million.

Despite higher financing and tax expenses, consolidated profit before taxation increased to Rs 355.56 million from Rs 301.79 million, while profit after taxation improved by approximately 8.1%.

Unconsolidated Results Also Show Growth

Arif Habib Limited’s standalone financial results also reflected improved performance. Profit after taxation reached Rs 272.80 million for the quarter, compared with Rs 246.39 million in the corresponding period last year.

Standalone earnings per share increased to Rs 4.18 from Rs 3.77. Operating revenue rose to Rs 580.94 million from Rs 423.83 million, demonstrating growth in the company’s reported revenue.

The standalone results also showed lower administrative and operating expenses, although finance costs and taxation were higher than in the previous year’s quarter.

Financial Position and Cash Flows

As of September 30, 2026, the company’s consolidated total assets stood at approximately Rs 9.13 billion, compared with Rs 10.94 billion at June 30, 2026.

Consolidated short-term investments increased to Rs 2.78 billion from Rs 2.66 billion, while cash and bank balances declined to Rs 4.91 billion from Rs 6.22 billion.

The consolidated cash flow statement showed net cash used in operating activities of Rs 948.93 million during the quarter, compared with net cash generated from operating activities of Rs 1.89 billion in the corresponding period last year. The reported cash movement highlights the importance of monitoring working capital and cash management alongside earnings growth.

No Interim Dividend Announced

The company’s board of directors, which met on October 16, 2026, did not recommend an interim cash dividend, bonus shares, or right shares for the quarter ended September 30, 2026. The company also reported no other corporate action or price-sensitive information in its filing.

The company stated that its quarterly report for the period would be submitted separately through the Pakistan Unified Corporate Action Reporting System (PUCARS) within the specified timeframe.

Outlook

Arif Habib Limited’s first-quarter results indicate improved revenue and profitability compared with the same period last year. Higher earnings per share and increased operating revenue are positive developments, although rising finance costs, lower cash balances and negative operating cash flows remain important factors for investors to consider.

Investors will likely continue to monitor the company’s subsequent financial results, investment performance, cash flow position and any future dividend announcements to assess the sustainability of its earnings growth.