Pak-Qatar General Takaful Limited (PQGTL) reported a strong start to 2026, posting a profit after tax of Rs26.9 million for the quarter ended March 31, 2026, reflecting an increase of nearly 19% compared to Rs22.7 million recorded in the same period last year. The financial results were approved by the company’s Board of Directors in a meeting held on April 30, 2026. No cash dividend, bonus shares, or right shares were announced alongside the results.
During the first quarter, the Shareholders’ Fund generated a profit before tax of Rs37.9 million, up from Rs31.9 million in the corresponding quarter of 2025. Higher wakala income, which rose to Rs146.5 million from Rs131.2 million, along with stable investment returns, supported the improved performance. Investment income contributed Rs25.8 million, while management expenses stood at Rs97.0 million.
The Participants’ Takaful Fund also delivered improved results, recording a surplus of Rs4.6 million compared to Rs2.1 million a year earlier. Net underwriting income increased to Rs140.2 million from Rs123.3 million, driven by growth in contributions earned and retakaful rebate income. Contribution earned during the quarter reached Rs222.9 million, representing a notable increase from Rs194.2 million in the corresponding period of last year.
On the balance sheet side, total assets expanded significantly to Rs3.03 billion on a combined basis as of March 31, 2026. Shareholders’ equity rose to Rs1.29 billion from Rs884.8 million at the end of December 2025, supported by profits and proceeds from the company’s recent IPO. During the quarter, the company raised Rs420 million through the issuance of new shares, including share premium.
Pak-Qatar General Takaful also maintained a healthy liquidity position, with aggregate cash and bank balances reaching Rs452 million at the end of March 2026, compared with Rs354.9 million at the beginning of the year. Operating activities generated positive cash flows of Rs127.3 million during the quarter, highlighting the strength of the company’s core takaful operations.
The company reported earnings per share (EPS) of Rs0.30 for the quarter. While EPS declined from Rs0.45 in the same period last year due to the increase in outstanding shares following the IPO, overall profitability and capital strength improved considerably, positioning Pak-Qatar General Takaful for further growth in the competitive takaful sector.
