Pak-Qatar General Takaful Posts Profit Growth, Strengthens Capital Base After PSX Listing

Pak-Qatar General Takaful Limited (PQGTL) closed 2025 with a modest improvement in profitability while strengthening its business and capital position ahead of a major milestone: its listing on the Pakistan Stock Exchange (PSX) in February 2026.

According to the company’s Annual Report 2025, PQGTL reported gross contribution of approximately Rs. 1.41 billion during the year, compared with Rs. 1.17 billion in 2024. Profit before tax stood at Rs. 167.6 million, while profit after tax reached approximately Rs. 118 million, compared with Rs. 113.8 million a year earlier.

Business performance remains resilient

The company said its focus during 2025 shifted toward sustainable and profitable growth rather than simply expanding business volumes. Management highlighted improvements in underwriting discipline, portfolio management, pricing adequacy, expense control and investment strategies.

The Participant Takaful Fund recorded gross written contribution of Rs. 1.41 billion, up from Rs. 1.17 billion in 2024. Net claims expense increased to Rs. 521 million from Rs. 401 million in the previous year. The motor segment remained the largest contributor at Rs. 618.8 million, followed by health at Rs. 285.9 million and fire and property at Rs. 257.8 million.

Despite higher claims, the Participant Takaful Fund generated an operational surplus of Rs. 28.8 million for 2025. The company said funds are invested in Shariah-compliant instruments, including equities and Sukuk, under the oversight of its Investment Committee and Shariah Supervisory Board.

Profitability edges higher

PQGTL’s profit after tax increased from Rs. 113.8 million in 2024 to approximately Rs. 118 million in 2025. The annual report attributes the improvement to growth in higher-margin takaful segments, disciplined underwriting, investment returns, cost management and greater operational efficiency through technology and process improvements.

The company reported Wakala fee income of Rs. 551 million, compared with Rs. 511.8 million in 2024. Earnings per share for 2025 stood at Rs. 1.83 on a pre-IPO basis, while the Shareholders’ Fund closed the year with net assets of around Rs. 884 million and a break-up value of Rs. 12.44 per share.

IPO and PSX listing mark a new chapter

One of the most significant developments came after the close of the financial year. PQGTL successfully listed on the Pakistan Stock Exchange on February 10, 2026, following an IPO that raised PKR 420 million at a premium and was oversubscribed multiple times, according to the company’s report.

The listing also strengthened the company’s capital position. Paid-up capital stood at Rs. 711.07 million at December 31, 2025, compared with Rs. 509.23 million a year earlier. Following the IPO, paid-up capital increased to approximately Rs. 1.01 billion.

Dividend proposed for shareholders

The Board has proposed a cash dividend of Rs. 1 per share, equivalent to 10% of par value, for the year ended December 31, 2025. The proposed payout remains subject to approval by shareholders at the Annual General Meeting.

Outlook for 2026

For 2026, PQGTL said it intends to focus on sustainable and profitable growth while maintaining its Shariah-compliant operating model. Key priorities include improving customer satisfaction, strengthening underwriting and pricing discipline, controlling expenses and optimizing claims performance.

The company also expects the broader takaful market to benefit from growing awareness of Shariah-compliant financial protection. It plans to explore partnerships, fintech integration, data analytics and greater outreach to underserved customer segments.

Overall, 2025 represented an important transition period for Pak-Qatar General Takaful. The company combined higher contribution income and improved profitability with stronger capital resources, while its subsequent PSX listing opened a new phase in its corporate development. Its performance in 2026 will therefore be closely linked to how effectively it deploys its additional capital while maintaining underwriting discipline and service quality.