First Treet Manufacturing Modaraba Posts Rs119.9 Million Profit for FY2026 as Revenue Surges
First Treet Manufacturing Modaraba, managed and controlled by Treet Holdings Limited, has reported a modest increase in annual profitability for the financial year ended June 30, 2026, while revenue recorded a stronger year-on-year rise.
According to the financial results approved by the Board of Directors on September 29, 2026, the Modaraba recorded net revenue of Rs4.16 billion during FY2026, compared with Rs3.79 billion in the previous year. This represents an increase of around 9.7%. Gross profit also rose to Rs390.87 million from Rs343.92 million a year earlier. 283800
Despite the improvement in gross profit, operating expenses increased during the year. Administrative and general expenses stood at Rs83.56 million, while selling and distribution expenses reached Rs151.37 million. As a result, operating profit remained relatively stable at Rs155.95 million, compared with Rs159.22 million in FY2025. 283800
The Modaraba reported profit before tax of Rs128.46 million, compared with Rs138.03 million in the previous financial year. After taxation of Rs8.54 million, profit for the year came in at Rs119.92 million, slightly higher than the Rs117.46 million recorded in FY2025. 283800
One of the notable improvements was in profit per Modaraba certificate, which increased to Rs0.613 from Rs0.135 in the preceding year, according to the statement of profit or loss. 283800
Financial Position
The Modaraba’s total assets stood at Rs3.32 billion as of June 30, 2026, compared with Rs3.69 billion a year earlier. Current assets included stocks and spares of Rs87.15 million, stock in trade of Rs552.44 million, trade debts of Rs716.25 million and advances, prepayments and other receivables of Rs374.73 million. 283800
The company reported certificate capital of Rs1.956 billion, while accumulated profit stood at Rs248.42 million at the end of FY2026. Total equity and liabilities matched total assets at Rs3.32 billion. 283800
Cash Flow and Capital Spending
Cash generated from operations amounted to Rs172.21 million during the year, while net cash generated from operating activities reached Rs177.37 million. The Modaraba invested Rs145.52 million in capital work in progress, resulting in net cash used in investing activities of Rs134.81 million. 283800
The Modaraba also distributed Rs293.4 million to certificate holders during the year. Following these movements, cash and cash equivalents at year-end stood at Rs199.63 million, compared with Rs450.48 million at June 30, 2025. 283800
No Dividend or Bonus Shares Announced
In its announcement, the Modaraba stated that there was no cash dividend, bonus issue or right shares, while no other entitlement or price-sensitive information was reported. The company also announced that its annual general meeting of certificate holders will be held on October 27, 2026, in Lahore. 283800
Overall, First Treet Manufacturing Modaraba ended FY2026 with higher revenue, stronger gross profit and a slight improvement in annual earnings. However, the financial statements also show pressure from operating costs and a decline in year-end cash balances, factors that will remain important as the Modaraba moves into the new financial year.
