Last close · 16 Oct 2026
Rs 10.04 +1.93%
Financials
First Al-Noor Modaraba (FANM) financials
10 years of annual results (FY2017 – FY2026), 28 quarters.
First Al-Noor Modaraba (FANM) reported revenue of Rs 35.1 mn for FY2026 (Jul 2025 – Jun 2026), down 19.5% from FY2025.
It made a loss of Rs 2.8 mn attributable to shareholders (EPS Rs -0.12).
No cash dividend was declared for FY2026.
Return on equity was -1.1%.
Over the last five years revenue grew at a compound 5.6% a year.
At Rs 10.04 (close on 16 Oct 2026) the shares trade at 0.91× book value.
Fundamentals
FANM at a glance
Revenue · FY2026
Rs 35.1 mn
▼ 19.5% year on year
Profit attributable to shareholders · FY2026
-Rs 2.8 mn
▼ 216.0% year on year
EPS – basic (Rs) · FY2026
Rs -0.12
▼ 216.0% year on year
Dividend per share (Rs) · FY2026
Rs 0.00
Total assets · FY2026
Rs 274.6 mn
▼ 0.2% year on year
Return on equity (ROE) · FY2026
-1.1%
-2.0 pts year on year
Financial statements
Income statement
Revenue, costs, profit and earnings per share.
- Revenue · FY2026
- Rs 35.1 mn
- Profit attributable · FY2026
- -Rs 2.8 mn
Balance sheet
Assets, liabilities, debt and shareholders' equity.
- Total assets · FY2026
- Rs 274.6 mn
- Equity · FY2026
- Rs 256.2 mn
Financial highlights
FANM financial results
| 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 | FY2021 Jul 2020 – Jun 2021 | FY2020 * Jul 2019 – Jun 2020 | FY2019 Jul 2018 – Jun 2019 | FY2018 Jul 2017 – Jun 2018 | FY2017 Jul 2016 – Jun 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 35.1 | 43.7 | 34.9 | 35.3 | 37.7 | 26.8 | 30.4 | 25.6 | 24.9 | 39.4 |
| Profit before tax | (3.7) | 2.6 | 4.0 | 3.6 | 3.4 | 1.7 | (0.2) | (14.1) | (25.0) | 3.0 |
| Profit attributable to shareholders | (2.8) | 2.4 | 0.4 | 0.5 | 2.3 | 0.7 | (0.2) | (14.1) | (25.0) | 3.0 |
| EPS – basic (Rs) Rs | (0.12) | 0.10 | 0.02 | 0.02 | 0.10 | 0.03 | (0.01) | (0.61) | (1.08) | 0.13 |
| Dividend per share (Rs) Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.11 |
| Total assets | 274.6 | 275.1 | 269.1 | 265.3 | 269.7 | 271.3 | 269.3 | 289.0 | 316.4 | 351.5 |
| Total equity | 256.2 | 258.3 | 255.9 | 253.7 | 252.0 | 252.2 | 248.1 | 244.6 | 264.4 | 292.5 |
| Rs mn | TTM to Jun 2026 | Q4 FY2026 Apr – Jun 2026 | Q3 FY2026 Jan – Mar 2026 | Q2 FY2026 Oct – Dec 2025 | Q1 FY2026 Jul – Sep 2025 | Q4 FY2025 Apr – Jun 2025 | Q3 FY2025 Jan – Mar 2025 | Q2 FY2025 Oct – Dec 2024 | Q1 FY2025 Jul – Sep 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 35.0 | 9.5 | 3.3 | 3.9 | 18.3 | 17.7 | 6.3 | 17.0 | 2.4 |
| Profit before tax | (5.2) | 10.5 | (23.8) | (2.5) | 10.7 | 5.0 | (7.1) | 6.7 | (5.7) |
| Profit attributable to shareholders | (7.9) | 11.6 | (25.6) | (1.4) | 7.7 | 7.9 | (4.3) | 6.4 | (6.9) |
| EPS – basic (Rs) Rs | (0.34) | 0.51 | (1.11) | (0.06) | 0.33 | 0.32 | (0.18) | 0.28 | (0.30) |
| Dividend per share (Rs) Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total assets | 274.6 | 274.6 | 263.8 | 283.6 | 288.4 | 275.1 | 264.5 | 270.5 | 264.0 |
| Total equity | 256.2 | 256.2 | 247.0 | 264.9 | 269.3 | 258.3 | 251.9 | 255.8 | 249.8 |
Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets. Free cash flow and book value per share are calculated by Smart Money; TTM = the latest four quarters. * Some FY2026 figures do not fully reconcile in the source data. Updated 16 Oct 2026.