FHAM First Habib Modaraba

First Habib Modaraba (FHAM) financial ratios

First Habib Modaraba earned a net margin of 15.4% in FY2026 against a five-year average of 17.3% (Modarabas median 4.6%). Return on equity was 12.4%, compared with a sector median of 4.1%. The current ratio stood at 0.46× and debt was 356.0% of equity. Cash took about 1,044 days to cycle through receivables, inventory and payables.

FY2026 vs the Modarabas median

Net margin: 15.4%; Sector median 4.6%
Return on equity (ROE): 12.4%; Sector median 4.1%
Return on assets (ROA): 2.0%; Sector median 1.9%
Debt to equity: 356.0%; Sector median 38.5%
Dividend payout ratio: 33.3%; Sector median 37.6%

Median of the 20 companies in the sector with the figure for their latest fiscal year.

FHAM financial ratios (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	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	FY2016 Jul 2015 – Jun 2016	FY2015 Jul 2014 – Jun 2015	FY2014 Jul 2013 – Jun 2014	FY2013 Jul 2012 – Jun 2013	FY2012 Jul 2011 – Jun 2012	FY2011 Jul 2010 – Jun 2011	FY2010 Jul 2009 – Jun 2010	FY2009 Jul 2008 – Jun 2009	FY2008 * Jul 2007 – Jun 2008	FY2007 * Jul 2006 – Jun 2007
Profitability
Pre-tax margin	25.1%	25.0%	22.8%	22.4%	31.7%	39.2%	26.2%	35.0%	49.4%	56.4%	62.7%	107.1%	95.8%	313.5%	103.3%	42.5%	43.0%	7.3%	8.1%	5.0%
Net margin	15.4%	18.1%	13.3%	15.1%	24.5%	39.2%	26.2%	35.0%	49.4%	54.6%	62.7%	107.1%	95.8%	313.5%	103.3%	42.5%	43.0%	7.3%	8.1%	5.0%
Effective tax rate	38.5%	27.6%	41.6%	32.6%	22.8%	0.0%	0.0%	0.0%	0.0%	3.3%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Returns
Return on equity (ROE)	12.4%	16.6%	14.2%	12.1%	9.8%	9.7%	8.7%	8.9%	8.2%	8.7%	9.1%	9.5%	9.1%	32.1%	11.1%	9.3%	9.7%	8.9%	10.1%	7.0%
Return on assets (ROA)	2.0%	2.9%	2.9%	2.8%	2.6%	3.3%	3.0%	3.0%	3.1%	3.8%	4.4%	5.2%	5.6%	21.4%	8.0%	7.1%	7.6%	6.7%	6.0%	3.4%
Leverage
Debt to equity	356.0%	359.6%	317.3%	297.6%	283.5%	191.1%	145.9%	169.1%	157.1%	112.7%	92.0%	72.5%	47.8%	33.0%	31.0%	20.0%	17.8%	13.4%	28.5%	85.1%
Debt to capital	78.1%	78.2%	76.0%	74.8%	73.9%	65.6%	59.3%	62.8%	61.1%	53.0%	47.9%	42.0%	32.3%	24.8%	23.7%	16.7%	15.1%	11.8%	22.2%	46.0%
Debt to assets	53.4%	59.8%	61.4%	66.8%	65.7%	60.3%	53.5%	55.3%	54.4%	46.8%	42.6%	36.9%	28.4%	21.4%	21.2%	15.0%	13.6%	10.7%	20.1%	42.5%
Assets to equity	6.35×	5.61×	4.83×	4.39×	3.75×	2.95×	2.89×	2.97×	2.65×	2.29×	2.06×	1.82×	1.62×	1.50×	1.40×	1.32×	1.28×	1.34×	1.69×	2.07×
Dividends
Dividend payout ratio	33.3%	27.6%	33.8%	42.7%	52.9%	77.7%	89.0%	88.2%	87.0%	68.5%	74.3%	72.4%	70.6%	20.3%	58.5%	79.8%	79.2%	82.8%	78.7%	67.5%
Earnings retention rate	0.67×	0.72×	0.66×	0.57×	0.47×	0.22×	0.11×	0.12×	0.13×	0.32×	0.26×	0.28×	0.29×	0.80×	0.41×	0.20×	0.21×	0.17×	0.21×	0.32×

Ratios as reported for each fiscal year; returns are on average equity / assets. Debt ratios are percentages; turnover in times; working-capital measures in days.

FHAM: frequently asked questions

What is FHAM's EPS?

First Habib Modaraba reported basic earnings per share of Rs 6.75 for FY2026 (Jul 2025 – Jun 2026).

What is FHAM's P/E ratio?

At the closing price of Rs 27.68 on 16 Oct 2026, FHAM trades at a P/E of 4.1× based on EPS of Rs 6.75 (FY2026).

Does FHAM pay dividends?

Yes. First Habib Modaraba declared a dividend of Rs 2.25 per share for FY2026. It has paid a dividend in each of the last 20 years. At Rs 27.68 that is a dividend yield of 8.1%.

What was FHAM's revenue and profit in FY2026?

First Habib Modaraba reported revenue of Rs 4.9 bn and profit attributable to shareholders of Rs 747.9 mn for FY2026 (Jul 2025 – Jun 2026).

What is FHAM's book value per share?

First Habib Modaraba's book value per share was Rs 56.49 at the end of FY2026. The shares trade at 0.49× book value.

Information only, not investment advice.