KARACHI: First Capital Securities Corporation Limited (PSX: FCSC) has staged a remarkable financial recovery during the first nine months of FY2026, reporting a net profit after tax of Rs125.11 million for the period ended March 31, 2026, compared with a loss of Rs237.01 million recorded in the corresponding period last year. The turnaround reflects improved investment performance, higher operating income, and stronger contributions from subsidiaries.
The company generated revenue of Rs329.13 million, a significant increase from Rs42.10 million in the same period of FY2025. A key contributor to this growth was an unrealized gain of Rs137.15 million on short-term investments, reversing an unrealized loss of Rs42.10 million reported a year earlier. Operating profit surged to Rs315.78 million, compared with Rs31.39 million in the corresponding period last year.
Finance costs stood at Rs167.38 million, while the company reported profit before taxation of Rs125.11 million, leading to earnings per share (EPS) of Rs0.40, compared with a loss per share of Rs0.75 in the same period last year.
Subsidiaries Deliver Mixed but Positive Performance
In its directors’ review, the company highlighted encouraging performances from several subsidiaries.
First Capital Equities Limited (FCEL) posted a profit of Rs9.09 million during the first nine months of FY2026, supported by higher brokerage activity and improved investment income.
Lanka Securities (Private) Limited (LSL) reported total revenue of approximately LKR638.97 million and net profit of LKR238.22 million, reflecting continued strength in the Sri Lankan market.
Meanwhile, Ever Green Water Valley (Private) Limited (EGWV) recorded a loss of Rs34.18 million, largely due to increased administrative and finance expenses associated with its operations.
Outlook
The management stated that it remains focused on sustaining business momentum by closely monitoring market conditions, improving operational efficiency, and maintaining disciplined cost management. The company also reaffirmed its commitment to maximizing shareholder value through strategic initiatives while expressing appreciation to shareholders, employees, and other stakeholders for their continued support.
With a strong rebound in earnings, improving investment returns, and profitable contributions from key subsidiaries, First Capital Securities has positioned itself on a stronger financial footing as it moves into the final quarter of FY2026.
