B.F. Modaraba Declares Rs. 0.50 per Certificate Dividend for FY2026

B.F. Modaraba has announced its financial results for the year ended June 30, 2026, along with a final cash dividend of Rs. 0.50 per certificate. The announcement follows a meeting of the Board of Directors of E.A. Management (Private) Limited, the management company, held on October 5, 2026.

Final Cash Dividend Approved

According to the announcement, the board approved a final cash dividend of Rs. 0.50 per certificate for the financial year ended June 30, 2026. The company has not announced any bonus issue or right certificates for the year.

The certificate transfer books will remain closed from October 22 to October 28, 2026, inclusive, to determine eligibility for the dividend. Transfers received at the designated share registrar’s office by the close of business on October 21, 2026, will be considered timely for entitlement purposes.

Profit Declines Compared with the Previous Year

B.F. Modaraba’s financial statements show that profit after taxation stood at approximately Rs. 3.52 million for FY2026, compared with Rs. 14.70 million in FY2025. Earnings per certificate also declined from Rs. 1.96 to Rs. 0.47.

Profit before taxation decreased to approximately Rs. 4.53 million from Rs. 19.80 million in the preceding financial year. These figures indicate a significant reduction in reported profitability during the year.

Despite the decline in earnings, the board’s decision to announce a final cash dividend provides certificate holders with a distribution for the financial year.

Total Assets Increase

The financial statements indicate that B.F. Modaraba’s total assets increased to approximately Rs. 185.67 million as of June 30, 2026, compared with Rs. 176.84 million a year earlier.

Certificate holders’ equity, including reserves and other reported equity components, also reflected a year-end position supported by the company’s capital and investment balances. However, the lower profit figures highlight the importance of monitoring future financial performance.

Annual Review Meeting Scheduled for October 28

The company has scheduled its Annual Review Meeting for October 28, 2026, at 4:00 p.m. The meeting will take place at Plot No. 43-1-E, P.E.C.H.S., Block-6, Off Razi Road, Shahrah-e-Faisal, Karachi.

The annual report is expected to be transmitted through the Pakistan Unified Corporate Actions and Reporting System (PUCARS) at least 21 days before the meeting, as stated in the announcement.

What Certificate Holders Should Know

Certificate holders should review the dividend entitlement requirements and ensure that any relevant transfer documentation is submitted before the stated deadline. Investors may also wish to examine the full annual financial statements to better understand the factors behind the decline in earnings.

While the final dividend represents a cash distribution to eligible certificate holders, investors should consider the company’s profitability, asset position and future prospects when assessing its financial performance.

Conclusion

B.F. Modaraba’s FY2026 announcement combines a final cash dividend of Rs. 0.50 per certificate with a substantial year-on-year decline in profit and earnings per certificate. With the Annual Review Meeting scheduled for October 28, 2026, certificate holders will have an opportunity to review the company’s annual performance and financial position.