Popular Islamic Modaraba has released its annual financial report for the year ended June 30, 2026, detailing a decline in profitability amidst challenging economic conditions.
- Period: Year ended June 30, 2026; Audited financial statements included.
- Revenue decreased to PKR 28.77M from PKR 41.74M in the previous year, a decline of approximately 31%.
- Net Profit After Tax (PAT) fell to PKR 15.04M, down 41.5% from PKR 25.71M in FY 2025.
- Earnings per certificate (EPS) decreased from PKR 1.39 to PKR 0.75.
- Operating expenses reduced by 15% to PKR 7.55M, contributing to cost discipline.
- The Board has recommended a profit distribution of PKR 0.70 per certificate, down from PKR 1.00 last year.
- The Modaraba continues to focus on strengthening its core business and diversifying income sources despite the economic challenges.