Inv. Banks / Inv. Cos. / Securities Cos.
FNEL First National Equities Limited
Latest results: FY2026 · Jun 2026
Last close · 16 Oct 2026
Rs 1.12 0.00%
Financials
First National Equities Limited (FNEL) financials
20 years of annual results (FY2007 – FY2026), 80 quarters.
First National Equities Limited (FNEL) reported revenue of Rs 396.7 mn for FY2026 (Jul 2025 – Jun 2026), up 780.4% from FY2025.
Profit attributable to shareholders was Rs 250.1 mn (EPS Rs 0.09).
No cash dividend was declared for FY2026.
Return on equity was 20.7%.
Over the last five years revenue grew at a compound 16.9% a year.
At Rs 1.12 (close on 16 Oct 2026) the shares trade at 12.0× earnings (FY2026) and 2.24× book value.
Fundamentals
FNEL at a glance
Revenue · FY2026
Rs 396.7 mn
▲ 780.4% year on year
Profit attributable to shareholders · FY2026
Rs 250.1 mn
EPS – basic (Rs) · FY2026
Rs 0.09
Dividend per share (Rs) · FY2026
Rs 0.00
Total assets · FY2026
Rs 2.0 bn
▲ 18.8% year on year
Return on equity (ROE) · FY2026
20.7%
+27.8 pts year on year
Financial statements
Income statement
Revenue, costs, profit and earnings per share.
- Revenue · FY2026
- Rs 396.7 mn
- Profit attributable · FY2026
- Rs 250.1 mn
Balance sheet
Assets, liabilities, debt and shareholders' equity.
- Total assets · FY2026
- Rs 2.0 bn
- Equity · FY2026
- Rs 1.3 bn
Financial highlights
FNEL 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 | 396.7 | 45.1 | 23.5 | (0.1) | (2.6) | 182.0 | 29.6 | 6.7 | (79.2) | 175.8 |
| Profit before tax | 292.4 | (72.0) | (51.2) | (92.0) | 163.3 | 291.1 | 92.3 | 554.7 | (154.0) | 142.1 |
| Profit attributable to shareholders | 250.1 | (78.7) | (51.5) | (87.5) | 114.8 | 184.4 | 113.9 | 497.9 | (174.8) | 167.0 |
| EPS – basic (Rs) Rs | 0.09 | (0.03) | (0.02) | (0.03) | 0.04 | 0.07 | 0.04 | 0.19 | (0.09) | 0.12 |
| Dividend per share (Rs) Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total assets | 2,039.5 | 1,716.3 | 1,854.1 | 1,846.6 | 1,935.4 | 1,990.7 | — | 1,562.4 | 1,074.7 | 1,393.7 |
| Borrowings | 394.8 | 389.2 | 396.0 | 380.3 | 377.0 | 455.1 | — | 427.6 | 393.5 | 929.5 |
| Total equity | 1,334.6 | 1,081.9 | 1,145.7 | 1,189.8 | 1,275.6 | 1,180.8 | — | 884.4 | 379.0 | 190.7 |
| 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 | 395.6 | 367.6 | (4.2) | 13.5 | 18.7 | 1.3 | (2.9) | 13.9 | 7.4 |
| Profit before tax | 292.4 | (137.7) | (16.9) | 434.0 | 13.0 | (29.0) | (33.5) | 6.4 | (15.8) |
| Profit attributable to shareholders | 250.1 | (172.2) | (17.0) | 426.4 | 12.9 | (38.8) | (33.5) | 10.1 | (16.4) |
| EPS – basic (Rs) Rs | 0.09 | (0.06) | (0.01) | 0.16 | 0.00 | (0.01) | (0.01) | 0.00 | (0.01) |
| 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 | 2,039.5 | 2,039.5 | 2,145.0 | 2,181.7 | 1,736.6 | 1,716.3 | 1,845.1 | 1,883.5 | 1,843.8 |
| Borrowings | 394.8 | 394.8 | 375.2 | 375.2 | 389.2 | 389.2 | 408.5 | 408.5 | 401.8 |
| Total equity | 1,334.6 | 1,334.6 | 1,506.8 | 1,525.3 | 1,097.8 | 1,081.9 | 1,118.5 | 1,156.7 | 1,129.3 |
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. Updated 16 Oct 2026.