First Punjab Modaraba has announced its financial results for the year ended December 31, 2025, reflecting a year marked by operational challenges, strategic adjustments, and continued efforts to strengthen its financial position.<\/p>\n
The Board of Directors of Punjab Modaraba Services (Private) Limited, the management company of First Punjab Modaraba, approved the annual accounts during its meeting held on June 8, 2026. The company also confirmed that no cash dividend, bonus certificates, right certificates, or other corporate actions were recommended for the year.<\/p>\n
During FY2025, First Punjab Modaraba recorded a total income of approximately Rs. 251.5 million, compared to Rs. 404.7 million in the previous year. The decline was primarily attributed to lower gains from development property sales and reduced financing income.<\/p>\n
Administrative and general expenses remained substantial at Rs. 96.5 million, while finance costs increased significantly to Rs. 309.3 million. As a result, the Modaraba reported an operating loss before provisions of Rs. 154.0 million.<\/p>\n
After accounting for provisions, taxation, and other adjustments, the company posted a net loss of Rs. 172.9 million for the year, compared to a net loss of Rs. 94.4 million in FY2024. The loss per certificate increased to Rs. 5.08 from Rs. 2.77 in the previous year.<\/p>\n
As of December 31, 2025, total assets stood at approximately Rs. 1.74 billion, compared to Rs. 1.98 billion a year earlier. The reduction was mainly due to lower investments and development property balances.<\/p>\n
The Modaraba maintained cash and bank balances of Rs. 81.5 million at year-end, showing a notable improvement from Rs. 23.1 million recorded in 2024. This increase was supported by positive cash flows generated from investing and financing activities.<\/p>\n
Total certificate holders’ equity improved significantly to Rs. 1.54 billion, compared to Rs. 208 million in the previous year. This was largely driven by the receipt of subordinated funds amounting to Rs. 2 billion during the year, strengthening the capital structure despite accumulated losses.<\/p>\n
The company generated positive net cash flows from investing activities of Rs. 126.2 million, primarily through the transfer and disposal of development properties and recovery of investments. Financing activities also contributed positively, generating Rs. 15 million in net cash inflows.<\/p>\n
Despite operational cash outflows, these inflows enabled First Punjab Modaraba to increase its cash reserves and improve liquidity at year-end.<\/p>\n
The FY2025 results underscore the challenges faced by First Punjab Modaraba in a demanding economic environment characterized by high financing costs and pressure on profitability. However, the strengthening of the company’s capital base and improved liquidity position provide a foundation for future growth initiatives.<\/p>\n
Management remains focused on enhancing operational efficiency, optimizing investments, and exploring opportunities within Shariah-compliant financing and asset management sectors to improve long-term shareholder value.<\/p>\n
As the organization moves forward, stakeholders will be watching closely to see how management leverages its strengthened capital position to return the Modaraba to sustainable profitability.<\/p>\n","protected":false},"excerpt":{"rendered":"
First Punjab Modaraba has announced its financial results for the year ended December 31, 2025, reflecting a year marked by operational challenges, strategic adjustments, and continued efforts to strengthen its financial position. The Board of Directors of Punjab Modaraba Services (Private) Limited, the management company of First Punjab Modaraba, approved the annual accounts during its […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[125],"tags":[55],"class_list":["post-289","post","type-post","status-publish","format-standard","hentry","category-first-punjab-modaraba-fpjm-psx","tag-financial-results","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/finance.brands.pk\/index.php?rest_route=\/wp\/v2\/posts\/289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finance.brands.pk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finance.brands.pk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finance.brands.pk\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/finance.brands.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=289"}],"version-history":[{"count":2,"href":"https:\/\/finance.brands.pk\/index.php?rest_route=\/wp\/v2\/posts\/289\/revisions"}],"predecessor-version":[{"id":291,"href":"https:\/\/finance.brands.pk\/index.php?rest_route=\/wp\/v2\/posts\/289\/revisions\/291"}],"wp:attachment":[{"href":"https:\/\/finance.brands.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finance.brands.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finance.brands.pk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}