Skip to content
Smart Money
Create free account Log in

Modarabas

FANM First Al-Noor Modaraba

Latest results: FY2026 · Jun 2026

Watch FANM · free results alerts

Last close · 16 Oct 2026

Rs 10.04 +1.93%

Annual · FY2017 – FY2026

First Al-Noor Modaraba (FANM) balance sheet

At the end of FY2026 (Jul 2025 – Jun 2026) First Al-Noor Modaraba had total assets of Rs 274.6 mn, down 0.2% on FY2025. Shareholders' equity was Rs 256.2 mn (Rs 11.09 per share), 93.3% of total assets.

FANM balance sheet (annual) (Rs mn)
Rs mn FY2026 * Jul 2025 – Jun 2026 FY2025 * Jul 2024 – Jun 2025 FY2024 * Jul 2023 – Jun 2024 FY2023 * Jul 2022 – Jun 2023 FY2022 Jul 2021 – Jun 2022
Assets
Cash & short-term investments 120.7 177.5 137.8 58.7 197.9
Investments 66.9 59.3 72.6 116.0 157.1
Loans, leases & receivables 0.5 0.5 3.7 4.8 5.3
Total assets 274.6 275.1 269.1 265.3 269.7
Liabilities
Total liabilities 18.4 16.8 13.2 11.5 17.7
Equity
Equity attributable to shareholders 256.2 258.3 255.9 253.7 252.0
Total equity 256.2 258.3 255.9 253.7 252.0
Total liabilities & equity 274.6 275.1 269.1 265.3 269.7
Key figures
Shares outstanding mn 23.1 23.1 23.1 21.0 23.1
Common equity 256.2 258.3 255.9 253.7 252.0
Book value per share (Rs) Rs 11.09 11.18 11.08 12.08 10.91
FANM balance sheet — year-on-year change (Rs mn)
Rs mn FY2026 * Jul 2025 – Jun 2026 FY2025 * Jul 2024 – Jun 2025 FY2024 * Jul 2023 – Jun 2024 FY2023 * Jul 2022 – Jun 2023 FY2022 Jul 2021 – Jun 2022
Assets
Cash & short-term investments -32.0% +28.8% +134.9% -70.4% +46.2%
Investments +12.9% -18.3% -37.4% -26.1% -9.3%
Loans, leases & receivables +13.9% -87.5% -23.0% -8.5% -12.0%
Total assets -0.2% +2.2% +1.5% -1.6% -0.6%
Liabilities
Total liabilities +9.4% +27.5% +14.3% -34.8% -7.3%
Equity
Equity attributable to shareholders -0.8% +0.9% +0.9% +0.7% -0.1%
Total equity -0.8% +0.9% +0.9% +0.7% -0.1%
Total liabilities & equity -0.2% +2.2% +1.5% -1.6% -0.6%
Key figures
Shares outstanding — — — — —
Common equity -0.8% +0.9% +0.9% +0.7% -0.1%
Book value per share (Rs) -0.8% +0.9% -8.3% +10.8% -0.1%

Change against the previous fiscal year; shown when the earlier figure is positive.

FANM balance sheet — common size (Rs mn)
Rs mn FY2026 * Jul 2025 – Jun 2026 FY2025 * Jul 2024 – Jun 2025 FY2024 * Jul 2023 – Jun 2024 FY2023 * Jul 2022 – Jun 2023 FY2022 Jul 2021 – Jun 2022
Assets
Cash & short-term investments 43.9% 64.5% 51.2% 22.1% 73.4%
Investments 24.4% 21.5% 27.0% 43.7% 58.3%
Loans, leases & receivables 0.2% 0.2% 1.4% 1.8% 2.0%
Total assets 100.0% 100.0% 100.0% 100.0% 100.0%
Liabilities
Total liabilities 6.7% 6.1% 4.9% 4.3% 6.6%
Equity
Equity attributable to shareholders 93.3% 93.9% 95.1% 95.7% 93.4%
Total equity 93.3% 93.9% 95.1% 95.7% 93.4%
Total liabilities & equity 100.0% 100.0% 100.0% 100.0% 100.0%
Key figures
Common equity 93.3% 93.9% 95.1% 95.7% 93.4%

Each line as a percentage of total assets.

Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. * Figures in this period do not fully reconcile in the source data (hover the * for details). Updated 16 Oct 2026.

All reported line items 81
FANM balance sheet — all reported line items (Rs mn)
Rs mn FY2026 Jul 2025 – Jun 2026 FY2025 Jul 2024 – Jun 2025 FY2024 Jul 2023 – Jun 2024 FY2023 Jul 2022 – Jun 2023 FY2022 Jul 2021 – Jun 2022
Cash & Cash Equivalents 70.0 133.9 92.7 23.2 95.0
Loans & Receivables - Total 0.5 0.5 3.7 4.8 5.3
Income Tax - Receivables 0.1 0.0 0.7 3.5 2.7
Receivables - Other 0.4 0.5 3.0 1.3 2.6
Investment Securities - Available for Sale, Held to Maturity & Held for Trading - Total 66.9 59.3 72.6 116.0 157.1
Trade Accounts & Trade Notes Receivable - Total — — — — —
Inventories - Total 105.8 68.3 78.7 111.4 —
Investments - Total 66.9 59.3 72.6 116.0 157.1
Investment Securities - Held for Trading 50.7 43.6 45.0 35.5 102.9
Investment Securities Available for Sale & Held to Maturity 16.2 15.7 27.5 80.5 54.2
Property, Plant & Equipment - Net - Total 20.2 1.3 1.1 1.7 2.2
Other Assets - Total 11.1 11.8 10.5 8.2 10.1
Investments in Associates, Joint Ventures and Unconsolidated Subsidiaries — — 9.8 — —
Deferred Tax - Asset - Long-Term & Short-Term 2.8 2.0 1.0 1.3 3.1
Prepaid Expenses - Total 4.2 5.8 5.7 3.0 3.1
Other Assets 4.0 4.0 3.8 3.8 3.8
Intangible Assets - Total - Net 0.1 0.2 0.0 — 0.0
Total Current Assets 231.2 252.0 225.8 177.9 206.3
Intangible Assets - excluding Goodwill - Net - Total 0.1 0.2 0.0 — 0.0
Total Assets 274.6 275.1 269.1 265.3 269.7
Dividends Payable 1.1 1.1 1.1 1.1 1.1
Payables & Accrued Expenses 3.0 2.7 1.1 1.1 3.0
Trade Account Payables - Total 3.0 2.7 1.1 1.1 2.9
Other Liabilities - Total 14.3 11.9 10.9 9.3 13.6
Other Payables - Total — — 0.0 0.0 0.1
Other Liabilities - — — — — 0.0
Provisions 14.3 11.9 10.9 9.3 13.6
Post Employment Benefits - Pension & Other 9.9 7.5 6.5 4.9 9.2
Provisions - Other than Pension & Post Retirement 4.4 4.4 4.4 4.4 4.4
Total Liabilities 18.4 16.8 13.2 11.5 17.7
Shareholders' Equity - Attributable to Parent Shareholders - Total 256.2 258.3 255.9 253.7 252.0
Common Equity Attributable to Parent Shareholders 256.2 258.3 255.9 253.7 252.0
Common Equity - Contributed 231.0 231.0 231.0 231.0 210.0
Common Stock - Issued & Paid 231.0 231.0 231.0 231.0 210.0
Equity - Non-Contributed - Reserves & Retained Earnings 25.2 27.3 24.9 22.7 42.0
Retained Earnings - Total 24.8 28.0 25.5 24.9 46.0
Comprehensive Income - Accumulated - Total 0.4 (0.7) (0.8) (2.2) (4.1)
Investments - Unrealized Gain/Loss 0.4 (0.7) (0.8) (2.2) (4.1)
Other Reserves/Equity - Total — — 0.3 — —
Common Equity - Total 256.2 258.3 255.9 253.7 252.0
Total Shareholders' Equity - including Minority Interest & Hybrid Debt 256.2 258.3 255.9 253.7 252.0
Total Liabilities & Equity 274.6 275.1 269.1 265.3 269.7
Total Current Liabilities 8.5 9.3 6.6 6.6 8.5
Common Shares - Issued - Total mn 23.1 23.1 23.1 21.0 23.1
Common Shares - Outstanding - Total mn 23.1 23.1 23.1 21.0 23.1
Common Shares - Treasury - Total mn 0.0 0.0 0.0 0.0 0.0
Common Shares - Authorized - Issue Specific mn 40.0 40.0 40.0 40.0 —
Common Shares - Issued - Issue Specific mn 23.1 23.1 23.1 21.0 23.1
Common Shares - Outstanding - Issue Specific mn 23.1 23.1 23.1 21.0 23.1
Common Shares - Treasury - Issue Specific mn 0.0 0.0 0.0 0.0 0.0
Asset Allocation Factor - Issue Specific 1.00× 1.00× 1.00× 1.00× 1.00×
Net Debt (120.7) (177.5) (137.8) (58.7) (197.9)
Asset Accruals 161.3 118.1 133.1 154.7 111.3
Cash & Cash Equivalents - Total 70.0 133.9 92.7 23.2 95.0
Cash & Securities 66.9 59.3 72.6 116.0 157.1
Cash & Short Term Investments - Total 120.7 177.5 137.8 58.7 197.9
Earning Assets 66.9 59.3 72.6 116.0 157.1
Invested Assets - Total 66.9 59.3 72.6 116.0 157.1
Investment Securities 66.9 59.3 72.6 116.0 157.1
Investments - Permanent 16.2 15.7 37.4 80.5 54.2
Net Book Capital 135.5 80.8 118.2 195.1 54.0
Net Operating Assets 135.5 80.8 118.2 195.1 54.0
Provisions - Total 14.3 11.9 10.9 9.3 13.6
Shareholders Equity - Common 256.2 258.3 255.9 253.7 252.0
Tangible Total Equity 256.1 258.1 255.9 253.7 252.0
Tangible Book Value 256.1 258.1 255.9 253.7 252.0
Total Book Capital 256.2 258.3 255.9 253.7 252.0
Total Capital 256.2 258.3 255.9 253.7 252.0
Total Long Term Capital 266.1 265.8 262.5 258.7 261.1
Trading Account 50.7 43.6 45.0 35.5 102.9
Book Value excluding Other Equity 256.2 258.3 255.7 253.7 252.0
Income Taxes - Payable - Long-Term & Short-Term 0.0 1.1 — — —
Cash & Short Term Investments - Net of Debt 120.7 177.5 137.8 58.7 197.9
Net Debt Including Preferred Equity & Minority Interest (120.7) (177.5) (137.8) (58.7) (197.9)
Other Short-Term & Long-Term Assets - Total 2.8 2.0 1.0 1.3 3.1
Other Short-Term & Long-Term Liabilities - Total — — — — 0.0
Tangible Book Value excluding Other Equity 256.1 258.1 255.7 253.7 252.0
Trade Accounts & Trade Notes Receivable - Net - Total — — — — —
Total Available Funds 266.1 265.8 262.5 258.7 261.1
Cash in Hand & with Banks - Total 70.0 133.9 92.7 23.2 95.0
Current Assets excluding Cash & Short Term Investments - Total 110.6 74.5 88.1 119.2 8.4

Every line the company reported, in the original order and wording, without regrouping or signs changed.