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Inv. Banks / Inv. Cos. / Securities Cos.

FNEL First National Equities Limited

Latest results: FY2026 · Jun 2026

Watch FNEL · free results alerts

Last close · 16 Oct 2026

Rs 1.12 0.00%

Quarterly · Q1 FY2022 – Q4 FY2026

First National Equities Limited (FNEL) quarterly balance sheet

At the end of Q4 FY2026 (Apr – Jun 2026) First National Equities Limited had total assets of Rs 2.0 bn, up 18.8% on Q4 FY2025. Shareholders' equity was Rs 1.3 bn (Rs 0.50 per share), 65.4% of total assets.

FNEL balance sheet (quarterly) (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
Assets
Cash & short-term investments 63.1 24.2 62.9 60.4 42.8 309.9 349.3 329.0
Investments 1,462.0 1,526.4 1,536.7 1,124.2 1,102.8 1,122.4 1,129.8 1,098.6
Loans, leases & receivables 261.6 279.3 280.3 272.7 274.1 304.1 303.0 283.5
Total assets 2,039.5 2,145.0 2,181.7 1,736.6 1,716.3 1,845.1 1,883.5 1,843.8
Liabilities
Borrowings 394.8 375.2 375.2 389.2 389.2 408.5 408.5 401.8
Total liabilities 704.8 638.2 656.4 638.8 634.4 726.6 726.8 714.5
Equity
Equity attributable to shareholders 1,334.6 1,506.8 1,525.3 1,097.8 1,081.9 1,118.5 1,156.7 1,129.3
Total equity 1,334.6 1,506.8 1,525.3 1,097.8 1,081.9 1,118.5 1,156.7 1,129.3
Total liabilities & equity 2,039.5 2,145.0 2,181.7 1,736.6 1,716.3 1,845.1 1,883.5 1,843.8
Key figures
Shares outstanding mn 2,672.9 2,672.9 2,672.9 2,672.9 2,672.9 2,672.9 2,672.9 2,672.9
Common equity 1,334.6 1,506.8 1,525.3 1,097.8 1,081.9 1,118.5 1,156.7 1,129.3
Book value per share (Rs) Rs 0.50 0.56 0.57 0.41 0.40 0.42 0.43 0.42
FNEL balance sheet — 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
Assets
Cash & short-term investments +47.4% -92.2% -82.0% -81.6% -86.0% -0.4% +11.2% +7.7%
Investments +32.6% +36.0% +36.0% +2.3% +0.2% +2.5% +2.5% -4.2%
Loans, leases & receivables -4.6% -8.2% -7.5% -3.8% -12.2% +8.4% -1.0% +10.6%
Total assets +18.8% +16.3% +15.8% -5.8% -7.4% -0.9% -1.8% -2.5%
Liabilities
Borrowings +1.4% -8.1% -8.1% -3.1% -1.7% +6.0% +4.5% +4.1%
Total liabilities +11.1% -12.2% -9.7% -10.6% -10.5% +2.7% -3.0% +0.8%
Equity
Equity attributable to shareholders +23.4% +34.7% +31.9% -2.8% -5.6% -3.1% -1.1% -4.5%
Total equity +23.4% +34.7% +31.9% -2.8% -5.6% -3.1% -1.1% -4.5%
Total liabilities & equity +18.8% +16.3% +15.8% -5.8% -7.4% -0.9% -1.8% -2.5%
Key figures
Shares outstanding — — — — — — — —
Common equity +23.4% +34.7% +31.9% -2.8% -5.6% -3.1% -1.1% -4.5%
Book value per share (Rs) +23.4% +34.7% +31.9% -2.8% -5.6% -3.1% -1.1% -4.5%

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

FNEL balance sheet — 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
Assets
Cash & short-term investments 3.1% 1.1% 2.9% 3.5% 2.5% 16.8% 18.5% 17.8%
Investments 71.7% 71.2% 70.4% 64.7% 64.3% 60.8% 60.0% 59.6%
Loans, leases & receivables 12.8% 13.0% 12.8% 15.7% 16.0% 16.5% 16.1% 15.4%
Total assets 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Liabilities
Borrowings 19.4% 17.5% 17.2% 22.4% 22.7% 22.1% 21.7% 21.8%
Total liabilities 34.6% 29.8% 30.1% 36.8% 37.0% 39.4% 38.6% 38.8%
Equity
Equity attributable to shareholders 65.4% 70.2% 69.9% 63.2% 63.0% 60.6% 61.4% 61.2%
Total equity 65.4% 70.2% 69.9% 63.2% 63.0% 60.6% 61.4% 61.2%
Total liabilities & equity 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Key figures
Common equity 65.4% 70.2% 69.9% 63.2% 63.0% 60.6% 61.4% 61.2%

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. Updated 16 Oct 2026.

All reported line items 97
FNEL balance sheet — 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
Cash & Cash Equivalents 11.3 6.1 34.5 5.5 9.2 256.7 288.7 299.7
Loans & Receivables - Total 261.6 279.3 280.3 272.7 274.1 304.1 303.0 283.5
Receivables - Other 135.7 141.5 142.5 133.4 134.1 171.4 171.9 168.5
Investment Securities - Available for Sale, Held to Maturity & Held for Trading - Total 1,458.9 1,526.4 1,536.7 1,124.2 1,102.8 1,122.4 1,129.8 1,098.6
Trade Accounts & Trade Notes Receivable - Total 125.9 137.8 137.8 139.4 140.0 132.6 131.0 114.9
Investment Property 3.1 — — — — — — —
Investments - Total 1,462.0 1,526.4 1,536.7 1,124.2 1,102.8 1,122.4 1,129.8 1,098.6
Investment Securities - Held for Trading 51.8 18.1 28.4 55.0 33.6 53.2 60.6 29.3
Investment Securities Available for Sale & Held to Maturity 1,407.1 1,508.3 1,508.3 1,069.2 1,069.2 1,069.2 1,069.2 1,069.2
Property, Plant & Equipment - Net - Total 192.1 197.4 195.0 195.1 195.2 35.1 35.1 35.3
Other Assets - Total 36.4 31.6 30.9 34.9 30.7 30.9 30.9 30.8
Investments in Associates, Joint Ventures and Unconsolidated Subsidiaries 69.7 70.9 70.9 70.8 70.8 72.2 72.2 72.2
Deferred Tax - Asset - Long-Term & Short-Term — — — — — — — —
Prepaid Expenses - Total 27.6 27.2 27.1 26.8 26.7 26.5 26.5 26.4
Other Assets 8.8 4.4 3.8 8.1 4.0 4.4 4.4 4.4
Intangible Assets - Total - Net 6.4 33.4 33.4 33.4 33.4 23.8 23.8 23.8
Total Current Assets 360.4 334.4 373.5 367.4 347.0 608.2 665.8 610.0
Total Assets 2,039.5 2,145.0 2,181.7 1,736.6 1,716.3 1,845.1 1,883.5 1,843.8
Debt - Total 394.8 375.2 375.2 389.2 389.2 408.5 408.5 401.8
Short-Term Debt & Current Portion of Long-Term Debt 76.0 50.3 50.3 35.0 34.1 43.6 54.9 198.8
Current Portion of Long-Term Debt including Capitalized Leases 76.0 50.3 50.3 35.0 34.1 43.6 54.9 198.8
Debt - Long-Term - Total 318.9 324.9 324.9 354.3 355.1 364.9 353.5 203.1
Current Portion of Long-Term Debt excluding Capitalized Leases 76.0 50.3 50.3 35.0 34.1 43.6 54.9 198.8
Long-Term Debt excluding Capitalized Leases 318.9 324.9 324.9 354.3 355.1 364.9 353.5 203.1
Debt - Non-Convertible - Long-Term 318.9 324.9 324.9 354.3 355.1 364.9 353.5 203.1
Dividends Payable 1.4 1.4 1.4 1.4 1.4 1.4 1.4 1.4
Deferred Tax & Investment Tax Credits - Long-Term 75.7 40.0 39.9 33.7 33.6 23.7 23.7 27.4
Deferred Tax - Liability - Long-Term 75.7 40.0 39.9 33.7 33.6 23.7 23.7 27.4
Payables & Accrued Expenses 232.9 221.6 239.9 214.5 210.2 293.0 293.2 283.9
Trade Account Payables - Total 232.5 221.3 239.6 213.7 209.4 292.2 292.4 283.5
Accrued Expenses 0.4 0.3 0.3 0.8 0.8 0.8 0.8 0.4
Other Liabilities - Total — — — — — — — —
Other Liabilities - — — — — — — — —
Total Liabilities 704.8 638.2 656.4 638.8 634.4 726.6 726.8 714.5
Shareholders' Equity - Attributable to Parent Shareholders - Total 1,334.6 1,506.8 1,525.3 1,097.8 1,081.9 1,118.5 1,156.7 1,129.3
Common Equity Attributable to Parent Shareholders 1,334.6 1,506.8 1,525.3 1,097.8 1,081.9 1,118.5 1,156.7 1,129.3
Common Equity - Contributed 2,672.9 2,672.9 2,672.9 2,672.9 2,672.9 2,672.9 2,672.9 2,672.9
Common Stock - Issued & Paid 2,672.9 2,672.9 2,672.9 2,672.9 2,672.9 2,672.9 2,672.9 2,672.9
Equity - Non-Contributed - Reserves & Retained Earnings (1,338.2) (1,166.1) (1,147.6) (1,575.1) (1,590.9) (1,554.3) (1,516.2) (1,543.6)
Retained Earnings - Total 167.9 342.9 359.9 (66.5) (92.3) (61.1) (27.6) (37.7)
Comprehensive Income - Accumulated - Total 2.6 (0.2) 1.2 0.2 10.2 15.6 20.2 2.8
Investments - Unrealized Gain/Loss 2.6 (0.2) 1.2 0.2 10.2 15.6 20.2 2.8
Other Reserves/Equity - Total (1,508.8) (1,508.8) (1,508.8) (1,508.8) (1,508.8) (1,508.8) (1,508.8) (1,508.8)
Common Equity - Total 1,334.6 1,506.8 1,525.3 1,097.8 1,081.9 1,118.5 1,156.7 1,129.3
Minority Interest - Equity (0.0) — — — — — — —
Total Shareholders' Equity - including Minority Interest & Hybrid Debt 1,334.6 1,506.8 1,525.3 1,097.8 1,081.9 1,118.5 1,156.7 1,129.3
Total Liabilities & Equity 2,039.5 2,145.0 2,181.7 1,736.6 1,716.3 1,845.1 1,883.5 1,843.8
Total Current Liabilities 310.3 273.3 291.6 250.8 245.7 338.0 349.5 484.1
Comprehensive Income - Pension Liabilities — — — — — — — —
Common Shares - Issued - Total mn 2,672.9 2,672.9 2,672.9 2,672.9 2,672.9 2,672.9 2,672.9 2,672.9
Common Shares - Outstanding - Total mn 2,672.9 2,672.9 2,672.9 2,672.9 2,672.9 2,672.9 2,672.9 2,672.9
Common Shares - Treasury - Total mn 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Common Shares - Authorized - Issue Specific mn 5,000.0 50,000.0 50,000.0 5,000.0 5,000.0 5,000.0 5,000.0 5,000.0
Common Shares - Issued - Issue Specific mn 2,672.9 2,672.9 2,672.9 2,672.9 2,672.9 2,672.9 2,672.9 2,672.9
Common Shares - Outstanding - Issue Specific mn 2,672.9 2,672.9 2,672.9 2,672.9 2,672.9 2,672.9 2,672.9 2,672.9
Common Shares - Treasury - Issue Specific mn 0.0 0.0 0.0 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× 1.00× 1.00× 1.00×
Right of Use Tangible Assets - Total - Net - Supplemental 189.5 — — — — — — —
Right of Use Tangible Assets - Capital/Finance Lease - Net - Supplemental 189.5 — — — — — — —
Property, Plant & Equipment - excluding Right of Use Tangible Assets & Capital Leases - Net - Supplemental 2.6 — — — — — — —
Debt including Finance and Operating Lease Liabilities - Supplemental 394.8 375.2 375.2 389.2 389.2 408.5 408.5 401.8
Net Debt 331.7 351.1 312.3 328.8 346.4 98.6 59.2 72.8
Minority Interest - Total (0.0) — — — — — — —
Asset Accruals 349.1 328.3 339.0 361.9 337.8 351.5 377.2 310.3
Cash & Cash Equivalents - Total 11.3 6.1 34.5 5.5 9.2 256.7 288.7 299.7
Cash & Securities 1,462.0 1,526.4 1,536.7 1,124.2 1,102.8 1,122.4 1,129.8 1,098.6
Cash & Short Term Investments - Total 63.1 24.2 62.9 60.4 42.8 309.9 349.3 329.0
Debt - including Preferred Equity & Minority Interest - Total 394.8 375.2 375.2 389.2 389.2 408.5 408.5 401.8
Earning Assets 1,462.0 1,526.4 1,536.7 1,124.2 1,102.8 1,122.4 1,129.8 1,098.6
Equity Securities & Real Estate 3.1 — — — — — — —
Invested Assets - Total 1,462.0 1,526.4 1,536.7 1,124.2 1,102.8 1,122.4 1,129.8 1,098.6
Investment Securities 1,458.9 1,526.4 1,536.7 1,124.2 1,102.8 1,122.4 1,129.8 1,098.6
Investments - Permanent 1,479.8 1,579.1 1,579.1 1,140.0 1,140.0 1,141.4 1,141.4 1,141.4
Net Book Capital 1,666.3 1,857.9 1,837.6 1,426.6 1,428.4 1,217.2 1,215.8 1,202.1
Net Operating Assets 1,666.3 1,857.9 1,837.6 1,426.6 1,428.4 1,217.2 1,215.8 1,202.1
Provisions - Total 75.7 40.0 39.9 33.7 33.6 23.7 23.7 27.4
Shareholders Equity - Common 1,334.6 1,506.8 1,525.3 1,097.8 1,081.9 1,118.5 1,156.7 1,129.3
Tangible Total Equity 1,328.2 1,473.4 1,491.8 1,064.4 1,048.5 1,094.7 1,132.8 1,105.4
Tangible Book Value 1,328.2 1,473.4 1,491.8 1,064.4 1,048.5 1,094.7 1,132.8 1,105.4
Total Book Capital 1,729.4 1,882.0 1,900.5 1,487.0 1,471.2 1,527.0 1,565.1 1,531.1
Total Capital 1,729.4 1,882.0 1,900.5 1,487.0 1,471.2 1,527.0 1,565.1 1,531.1
Total Long Term Capital 1,729.2 1,871.7 1,890.1 1,485.8 1,470.6 1,507.2 1,533.9 1,359.7
Trading Account 51.8 18.1 28.4 55.0 33.6 53.2 60.6 29.3
Book Value excluding Other Equity 2,843.4 3,015.6 3,034.0 2,606.5 2,590.7 2,627.3 2,665.4 2,638.0
Cash & Short Term Investments - Net of Debt (331.7) (351.1) (312.3) (328.8) (346.4) (98.6) (59.2) (72.8)
Current Portion of Long-Term Debt including Capitalized Leases & Hybrid Financial Instruments 76.0 50.3 50.3 35.0 34.1 43.6 54.9 198.8
Interest Bearing Liabilities - Total 394.8 375.2 375.2 389.2 389.2 408.5 408.5 401.8
Net Debt Including Preferred Equity & Minority Interest 331.7 351.1 312.3 328.8 346.4 98.6 59.2 72.8
Other Short-Term & Long-Term Assets - Total 8.1 3.7 3.1 7.4 3.3 2.8 2.8 2.8
Other Short-Term & Long-Term Liabilities - Total — — — — — — — —
Tangible Book Value excluding Other Equity 2,837.0 2,982.1 3,000.6 2,573.1 2,557.3 2,603.5 2,641.6 2,614.2
Total Debt Excluding Islamic 394.8 375.2 375.2 389.2 389.2 408.5 408.5 401.8
Trade Accounts & Trade Notes Receivable - Net - Total 125.9 137.8 137.8 139.4 140.0 132.6 131.0 114.9
Total Available Funds 1,729.2 1,871.7 1,890.1 1,485.8 1,470.6 1,507.2 1,533.9 1,359.7
Current Liabilities excluding Current Debt - Total 234.3 223.0 241.3 215.9 211.6 294.4 294.6 285.3
Cash in Hand & with Banks - Total 11.3 6.1 34.5 5.5 9.2 256.7 288.7 299.7
Current Assets excluding Cash & Short Term Investments - Total 297.3 310.2 310.6 306.9 304.2 298.4 316.5 280.9

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