Sindh Modaraba has reported a profit after taxation of Rs161.35 million for the financial year ended June 30, 2026, according to its financial statements. The result compares with a profit of Rs180.11 million recorded in the previous financial year.

The financial statements show that Sindh Modaraba’s total assets increased substantially to Rs3.26 billion at June 30, 2026, compared with Rs2.06 billion a year earlier. Non-current assets stood at approximately Rs868.17 million, while current assets reached around Rs2.39 billion.

Income and Profit Performance

During the year, income from Diminishing Musharaka amounted to approximately Rs252.65 million, compared with Rs188.68 million in 2025. Income from Murabaha also increased to about Rs60.88 million, from Rs28.65 million in the previous year.

Total income from these two financing activities reached approximately Rs313.54 million, compared with Rs217.33 million in 2025. The financial statements also show investment income of about Rs49.83 million and other income of approximately Rs1.46 million.

Administrative and operating expenses increased to approximately Rs111.08 million, compared with Rs87.44 million a year earlier. After accounting for other expenses and the Modaraba Management Company’s remuneration, Sindh Modaraba reported profit before tax of Rs230.54 million. After income tax of approximately Rs69.19 million, profit after taxation stood at Rs161.35 million.

Stronger Asset Base

The statement of financial position shows significant growth in the Modaraba’s asset base. Long-term investments increased to approximately Rs815.79 million, compared with Rs716.69 million in 2025.

Current assets included approximately Rs750.64 million in the current portion of diminishing Musharaka and Rs970.37 million in Murabaha financing. Cash and cash equivalents stood at around Rs354.00 million at the end of the year.

Total certificate holders’ equity also increased to approximately Rs3.09 billion, compared with Rs1.99 billion at June 30, 2025. The increase included subordinated funds of Rs2 billion and higher reserves.

Cash Flow and Equity Position

The cash flow statement indicates that Sindh Modaraba recorded net cash used in operating activities of approximately Rs896.71 million during the year. At the same time, financing activities generated net cash of approximately Rs939.31 million, including Rs1 billion in subordinated funds received from the management company.

Cash and cash equivalents stood at approximately Rs354 million at June 30, 2026, compared with Rs371.72 million at the end of the previous financial year.

The statement of changes in equity also records a Rs60.75 million profit distribution for the year ended June 30, 2025, equivalent to Rs1.35 per certificate or 13.50%.

Overall Financial Picture

Sindh Modaraba’s FY2025-26 financial statements show a year marked by substantial expansion in assets, stronger income from Diminishing Musharaka and Murabaha financing, and a sizeable increase in certificate holders’ equity. While annual profit declined from Rs180.11 million to Rs161.35 million, the financial statements also show considerable growth in the institution’s balance sheet.

The results provide a detailed picture of Sindh Modaraba’s financial position as of June 30, 2026, with financing activities remaining a significant contributor to its income. The figures are based on the four-page financial statements provided by the company.