KARACHI: First Capital Securities Corporation Limited (PSX: FCSC) has returned to profitability during the first nine months of FY2025-26, reporting a net profit of Rs125.11 million for the period ended March 31, 2026, compared to a loss of Rs237.01 million recorded in the corresponding period last year. The financial results were approved by the company’s Board of Directors at its meeting held on April 28, 2026.
The turnaround was primarily supported by a significant increase in investment-related income. Total revenue surged to Rs329.13 million, up sharply from Rs42.10 million in the same period of the previous year. Dividend income reached Rs186.24 million, while unrealized gains on investments measured at fair value amounted to Rs137.16 million, contributing strongly to the improved performance.
Despite higher operating expenses of Rs13.35 million, the company posted an operating profit of Rs315.78 million, compared with Rs31.39 million a year earlier. However, finance costs remained substantial at Rs167.38 million, partially offsetting the gains generated from its investment portfolio.
As a result, profit before taxation stood at Rs125.11 million, translating into earnings per share (EPS) of Rs0.40, compared with a loss per share of Rs0.75 in the corresponding period last year.
The Board did not recommend any cash dividend, bonus shares, or right issue for shareholders along with the announcement of the financial results.
On the balance sheet, the company’s net assets increased to Rs3.29 billion as of March 31, 2026, from Rs3.16 billion at the end of June 2025, reflecting the impact of the improved earnings during the period.
The latest results indicate a notable recovery in First Capital Securities’ financial performance, driven largely by stronger investment income and gains from its investment portfolio, marking a significant improvement over the losses reported in the same period last year.
