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Modarabas

FHAM First Habib Modaraba

Latest results: FY2026 · Jun 2026

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Last close · 16 Oct 2026

Rs 27.68 +0.47%

Quarterly · Q1 FY2022 – Q4 FY2026

First Habib Modaraba (FHAM) quarterly income statement

First Habib Modaraba reported revenue of Rs 1.3 bn for Q4 FY2026 (Apr – Jun 2026), up 11.3% on Q4 FY2025. Finance cost was Rs 923.3 mn, up 29.7% on Q4 FY2025. Tax of Rs 140.2 mn took 46.9% of pre-tax profit. Profit attributable to shareholders was Rs 158.9 mn, down 35.3% on Q4 FY2025, or Rs 1.43 per share.

FHAM income statement (quarterly) (Rs mn)
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 4,850.5 1,293.1 1,247.5 1,190.0 1,120.0 1,162.0 1,094.0 1,292.4 1,431.5
Operating expenses (491.7) (149.4) (135.9) (110.5) (95.8) (139.1) (144.6) (158.0) (171.0)
Finance cost (3,281.4) (923.3) (814.9) (794.4) (748.9) (711.8) (715.6) (810.9) (992.2)
Profit before tax 1,216.6 299.1 317.6 297.3 302.5 315.5 259.4 357.8 301.5
Taxation (468.6) (140.2) (109.4) (101.5) (117.5) (69.9) (72.1) (79.5) (111.3)
Profit after tax 747.9 158.9 208.3 195.8 185.0 245.6 187.4 278.3 190.3
Profit attributable to shareholders 747.9 158.9 208.3 195.8 185.0 245.6 187.4 278.3 190.3
Per share
EPS – basic (Rs) Rs 6.75 1.43 1.88 1.77 1.67 2.22 1.69 2.51 1.72
Dividend per share (Rs) Rs 2.25 2.25 0.00 0.00 0.00 2.25 0.00 0.00 0.00
FHAM income statement — year-on-year change (Rs mn)
Rs mn 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 +11.3% +14.0% -7.9% -21.8% -19.7% -13.9% +1.1% +19.8%
Operating expenses +7.4% -6.0% -30.1% -44.0% -35.9% +6.5% -25.8% -10.0%
Finance cost +29.7% +13.9% -2.0% -24.5% -27.9% -20.6% -0.3% +23.5%
Profit before tax -5.2% +22.4% -16.9% +0.3% +8.3% -14.3% +13.0% +11.5%
Taxation +100.7% +51.8% +27.7% +5.6% -73.0% -39.3% +160.2% +34.4%
Profit after tax -35.3% +11.1% -29.6% -2.8% +656.8% +1.9% -2.8% +1.4%
Profit attributable to shareholders -35.3% +11.1% -29.6% -2.8% +656.8% +1.9% -2.8% +1.4%
Per share
EPS – basic (Rs) -35.3% +11.1% -29.6% -2.8% +656.8% +1.9% -2.8% +1.4%
Dividend per share (Rs) 0.0% — — — +7.1% — — —

Change against the same quarter a year earlier; shown when the earlier figure is positive.

FHAM income statement — common size (Rs mn)
Rs mn 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 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Operating expenses (11.6%) (10.9%) (9.3%) (8.6%) (12.0%) (13.2%) (12.2%) (11.9%)
Finance cost (71.4%) (65.3%) (66.8%) (66.9%) (61.3%) (65.4%) (62.7%) (69.3%)
Profit before tax 23.1% 25.5% 25.0% 27.0% 27.1% 23.7% 27.7% 21.1%
Taxation (10.8%) (8.8%) (8.5%) (10.5%) (6.0%) (6.6%) (6.2%) (7.8%)
Profit after tax 12.3% 16.7% 16.5% 16.5% 21.1% 17.1% 21.5% 13.3%
Profit attributable to shareholders 12.3% 16.7% 16.5% 16.5% 21.1% 17.1% 21.5% 13.3%

Each line as a percentage of revenue.

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

All reported line items 95
FHAM income statement — all reported line items (Rs mn)
Rs mn 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 from Financing-Related Operations 1,293.1 1,247.5 1,190.0 1,120.0 1,162.0 1,094.0 1,292.4 1,431.5
Business-Related Financing Revenue - Other 1,293.1 1,247.5 1,190.0 1,120.0 1,162.0 1,094.0 1,292.4 1,431.5
Revenue from Business Activities - Total 1,293.1 1,247.5 1,190.0 1,120.0 1,162.0 1,094.0 1,292.4 1,431.5
Selling, General & Administrative Expenses - Total 160.7 122.1 130.9 122.3 153.3 111.5 119.2 108.6
Selling, General & Administrative Expenses - Unclassified 103.1 72.8 85.1 75.1 101.1 71.4 63.6 62.1
Other Operating Expense/(Income) - Net (11.3) 13.8 (20.4) (26.4) (14.2) 33.1 38.9 62.4
Gross Profit - Industrials/Property - Total 1,293.1 1,247.5 1,190.0 1,120.0 1,162.0 1,094.0 1,292.4 1,431.5
Operating Expenses - Total 149.4 135.9 110.5 95.8 139.1 144.6 158.0 171.0
Labor & Related Expenses including Stock-Based Compensation in Selling, General & Administrative Expenses 41.1 43.7 40.7 41.8 46.3 35.6 48.6 41.9
Selling, General & Administrative Expenses - Other - Total 16.6 5.6 5.2 5.3 5.9 4.5 6.9 4.6
Operating Profit before Non-Recurring Income/(Expense) 1,143.7 1,111.5 1,079.5 1,024.1 1,022.9 949.4 1,134.4 1,260.5
Financing Income/(Expense) - Net - Total (907.5) (814.8) (792.7) (741.1) (711.2) (711.9) (804.7) (984.7)
Property & Other Taxes 5.2 5.6 5.2 5.3 5.9 4.5 6.9 4.6
Interest Expense - Net of (Interest Income) 923.3 814.9 794.4 748.9 711.8 715.6 810.9 992.2
Interest Expense - Net of Capitalized Interest 935.6 834.0 816.8 762.0 742.8 732.5 833.2 1,012.3
Provision for Doubtful Accounts & Write-off 11.4 — — — — — — —
Non-Interest Financial Income/(Expense) - Total 15.8 0.1 1.6 7.8 0.6 3.7 6.2 7.5
Provision for Decommissioning Fund & Environmental Obligations (11.3) 13.8 (20.4) (26.4) (14.2) 33.1 38.9 62.4
Non-Interest Financial Income/(Expense) - Other - Net (1.5) 0.1 (0.8) (0.5) (0.5) (0.3) (0.4) (0.4)
Sale of Tangible & Intangible Fixed Assets - Gain/Loss (0.7) 0.0 0.0 0.2 (0.0) (0.0) 0.2 0.7
Other Non-Operating Income/(Expense) - Total 54.2 20.9 20.0 19.2 3.8 22.0 27.9 25.1
Normalized Pre-tax Profit 289.7 317.6 306.8 302.5 315.5 259.4 357.8 301.5
Non-Recurring Income/Expense - Total 9.5 — (9.5) — — — — —
Interest Income - Non-Bank 12.3 19.1 22.5 13.1 31.1 16.8 22.3 20.1
Dividend & Investment Income 17.3 — 2.4 8.4 1.0 4.0 6.6 7.9
Early Extinguishment of Lease Related Debts - Gain/(Loss) 9.5 — (9.5) — — — — —
Provision for Income Tax Expense- Unclassified 5.3 — (23.9) — 69.9 — — —
Income before Taxes 299.1 317.6 297.3 302.5 315.5 259.4 357.8 301.5
Income Taxes 140.2 109.4 101.5 117.5 69.9 72.1 79.5 111.3
Income Taxes for the Year - Current 128.8 112.0 113.5 103.7 — 96.1 148.2 133.9
Income Taxes - Deferred 6.1 (2.6) 12.0 13.8 — (24.0) (68.7) (22.6)
Net Income after Tax 158.9 208.3 195.8 185.0 245.6 187.4 278.3 190.3
Income before Discontinued Operations & Extraordinary Items 158.9 208.3 195.8 185.0 245.6 187.4 278.3 190.3
Net Income before Minority Interest 158.9 208.3 195.8 185.0 245.6 187.4 278.3 190.3
Net Income after Minority Interest 158.9 208.3 195.8 185.0 245.6 187.4 278.3 190.3
Income Available to Common Shares 158.9 208.3 195.8 185.0 245.6 187.4 278.3 190.3
Other Comprehensive Income - Starting Line 158.9 208.3 195.8 185.0 245.6 187.4 278.3 190.3
Other Comprehensive Income - Unrealized Investment Gain/(Loss) (7.0) (11.0) (11.2) 14.0 (21.0) 21.5 1.6 8.5
Other Comprehensive Income - Pension Related (6.4) — — — (4.3) — — —
Other Comprehensive Income - Net of Tax - Total (13.4) (11.0) (11.2) 14.0 (25.2) 21.5 1.6 8.5
Comprehensive Income before Minority Interest - Total 145.5 197.2 184.6 199.0 220.3 208.9 279.8 198.8
Comprehensive Income - Attributable to Parent Company Equity Holders - Total 145.5 197.2 184.6 199.0 220.3 208.9 279.8 198.8
DPS - Common - Gross - Issue - By Period End Date Rs 2.25 0.00 0.00 0.00 2.25 0.00 0.00 0.00
Net Income - Basic - including Extraordinary Items Applicable to Common - Total 158.9 208.3 195.8 185.0 245.6 187.4 278.3 190.3
Income available to Common excluding Extraordinary Items 158.9 208.3 195.8 185.0 245.6 187.4 278.3 190.3
Shares used to calculate Basic EPS - Total mn 110.8 110.8 110.8 110.8 110.8 110.8 110.8 110.8
EPS - Basic - including Extraordinary Items Applicable to Common - Total Rs 1.43 1.88 1.77 1.67 2.22 1.69 2.51 1.72
EPS - Basic - excluding Extraordinary Items Applicable to Common - Total Rs 1.43 1.88 1.77 1.67 2.22 1.69 2.51 1.72
EPS - Basic - excluding Extraordinary Items - Normalized - Total Rs 1.35 1.88 1.85 1.67 2.22 1.69 2.51 1.72
Allocated Net Income including Extraordinary Items Applicable to Common - Issue Specific 158.9 208.3 195.8 185.0 245.6 187.4 278.3 190.3
Earnings Allocation Factor - Basic - Issue Specific 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00×
Shares used to calculate Basic EPS - Issue Specific mn 110.8 110.8 110.8 110.8 110.8 110.8 110.8 110.8
EPS - Basic - including Extraordinary Items Applicable to Common - Issue Specific Rs 1.43 1.88 1.77 1.67 2.22 1.69 2.51 1.72
EPS - Basic - excluding Extraordinary Items Applicable to Common - Issue Specific Rs 1.43 1.88 1.77 1.67 2.22 1.69 2.51 1.72
EPS - Basic - excluding Extraordinary Items - Normalized - Issue Specific Rs 1.35 1.88 1.85 1.67 2.22 1.69 2.51 1.72
EPS - Basic from Discontinued Operations & Extraordinary Items Rs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Comprehensive Earnings Per Share - Basic - Issue Specific Rs 1.31 1.78 1.67 1.80 1.99 1.88 2.52 1.79
Dilution Adjustment — — — — — — — —
Net Income - Diluted - including Extraordinary Items Applicable to Common - Total 158.9 208.3 195.8 185.0 245.6 187.4 278.3 190.3
Diluted Income available to Common excluding Extraordinary Items 158.9 208.3 195.8 185.0 245.6 187.4 278.3 190.3
Shares used to calculate Diluted EPS - Total mn 110.8 110.8 110.8 110.8 110.8 110.8 110.8 110.8
EPS - Diluted - including Extraordinary Items Applicable to Common - Total Rs 1.43 1.88 1.77 1.67 2.22 1.69 2.51 1.72
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Total Rs 1.43 1.88 1.77 1.67 2.22 1.69 2.51 1.72
EPS - Diluted - excluding Extraordinary Items - Normalized - Total Rs 1.35 1.88 1.85 1.67 2.22 1.69 2.51 1.72
Allocated Diluted Net Income including Extraordinary Items Applicable to Common - Issue Specific 158.9 208.3 195.8 185.0 245.6 187.4 278.3 190.3
Earnings Allocation Factor - Diluted - Issue Specific 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00×
Shares used to calculate Diluted EPS - Issue Specific mn 110.8 110.8 110.8 110.8 110.8 110.8 110.8 110.8
EPS - Diluted - including Extraordinary Items Applicable to Common - Issue Specific Rs 1.43 1.88 1.77 1.67 2.22 1.69 2.51 1.72
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Issue Specific Rs 1.43 1.88 1.77 1.67 2.22 1.69 2.51 1.72
EPS - Diluted - excluding Extraordinary Items - Normalized - Issue Specific Rs 1.35 1.88 1.85 1.67 2.22 1.69 2.51 1.72
EPS - Diluted from Discontinued Operations & Extraordinary Items Rs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Comprehensive Earnings Per Share - Diluted - Issue Specific Rs 1.31 1.78 1.67 1.80 1.99 1.88 2.52 1.79
DPS - Common - Gross - Issue - By Announcement Date Rs 0.00 0.00 0.00 2.25 0.00 0.00 0.00 2.10
DPS - Common - Net - Issue - By Announcement Date Rs 0.00 0.00 0.00 2.03 0.00 0.00 0.00 1.89
Earnings before Interest & Taxes (EBIT) 1,143.7 1,111.5 1,079.5 1,024.1 1,022.9 949.4 1,134.4 1,260.5
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) 1,152.7 1,119.7 1,087.6 1,032.7 1,030.0 959.4 1,138.4 1,268.1
Depreciation, Depletion & Amortization - Total 9.0 8.2 8.0 8.5 7.1 10.0 4.1 7.6
Normalized after Tax Profit 149.4 208.3 205.2 185.0 245.6 187.4 278.3 190.3
Normalized Net Income from Continuing Operations 149.4 208.3 205.2 185.0 245.6 187.4 278.3 190.3
Normalized Net Income - Bottom Line 149.4 208.3 205.2 185.0 245.6 187.4 278.3 190.3
Earnings before Interest & Taxes (EBIT) - Normalized 1,212.9 1,132.5 1,101.1 1,051.4 1,027.2 975.1 1,168.6 1,293.8
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) - Normalized 1,222.0 1,140.7 1,109.2 1,059.9 1,034.3 985.1 1,172.7 1,301.4
Interest Expense on Financial Lease Liabilities - Supplemental 1.1 0.9 1.2 1.5 1.0 0.9 1.1 1.1
Interest Expense 935.6 834.0 816.8 762.0 742.8 732.5 833.2 1,012.3
Operating Expenses 149.4 135.9 110.5 95.8 139.1 144.6 158.0 171.0
Selling, General & Administrative Expenses excluding Research & Development Expenses 160.7 122.1 130.9 122.3 153.3 111.5 119.2 108.6
Income before Taxes & Provision for Loan Losses 299.1 317.6 297.3 302.5 315.5 259.4 357.8 301.5
DPS - Common - Gross - Issue - By Payable Date Rs 0.00 0.00 2.25 0.00 0.00 0.00 2.10 0.00
DPS - Common - Gross - Issue - By Ex Date Rs 0.00 0.00 0.00 2.25 0.00 0.00 0.00 2.10
Tax Adjusted Operating Income 655.8 755.1 733.6 651.0 823.8 716.4 926.3 829.1
Operating Expenses excluding Non-Cash Charges - Total 140.4 127.7 102.5 87.3 132.0 134.6 154.0 163.4
Income Available to Common Shares before Depreciation & Amortization 167.9 216.5 203.8 193.5 252.7 197.4 282.3 197.9
Fixed Charges 935.6 834.0 816.8 762.0 742.8 732.5 833.2 1,012.3
Estimated Tax Rate 0.29× 0.29× 0.29× 0.29× 0.29× 0.29× 0.29× 0.29×
Total Common & Spl DPS -Gross - Issue - By Announcement Date Rs 0.00 0.00 0.00 2.25 0.00 0.00 0.00 2.10

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