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%
Annual · FY2007 – FY2026
First National Equities Limited (FNEL) income statement
First National Equities Limited reported revenue of Rs 396.7 mn for FY2026 (Jul 2025 – Jun 2026), up 780.4% on FY2025. Finance cost was Rs 26.1 mn. Tax of Rs 42.3 mn took 14.5% of pre-tax profit. Profit attributable to shareholders was Rs 250.1 mn, or Rs 0.09 per share.
| 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 | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 396.7 | 45.1 | 23.5 | (0.1) | (2.6) | |||||||||||||||
| Operating expenses | (76.6) | (58.7) | (47.1) | (57.3) | 23.6 | |||||||||||||||
| Finance cost | (26.1) | 0.0 | (0.8) | (1.0) | (4.7) | |||||||||||||||
| Profit before tax | 292.4 | (72.0) | (51.2) | (92.0) | 163.3 | |||||||||||||||
| Taxation | (42.3) | (6.7) | (0.3) | 4.5 | (48.5) | |||||||||||||||
| Profit after tax | 250.1 | (78.7) | (51.5) | (87.5) | 114.8 | |||||||||||||||
| Profit attributable to shareholders | 250.1 | (78.7) | (51.5) | (87.5) | 114.8 | |||||||||||||||
| Per share | ||||||||||||||||||||
| EPS – basic (Rs) Rs | 0.09 | (0.03) | (0.02) | (0.03) | 0.04 | |||||||||||||||
| Dividend per share (Rs) Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
| 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 | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | +780.4% | +91.9% | — | — | -101.5% | |||||||||||||||
| Operating expenses | +30.4% | +24.8% | -17.8% | — | -155.9% | |||||||||||||||
| Finance cost | — | -100.0% | -21.0% | -78.2% | -82.2% | |||||||||||||||
| Profit before tax | — | — | — | -156.3% | -43.9% | |||||||||||||||
| Taxation | +530.1% | +2,319.9% | — | -109.2% | -54.6% | |||||||||||||||
| Profit after tax | — | — | — | -176.2% | -37.7% | |||||||||||||||
| Profit attributable to shareholders | — | — | — | -176.2% | -37.7% | |||||||||||||||
| Per share | ||||||||||||||||||||
| EPS – basic (Rs) | — | — | — | -176.2% | -37.7% | |||||||||||||||
| Dividend per share (Rs) | — | — | — | — | — | |||||||||||||||
Change against the previous fiscal year; shown when the earlier figure is positive.
| 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 |
|---|---|---|---|---|---|
| Revenue | 100.0% | 100.0% | 100.0% | — | — |
| Operating expenses | (19.3%) | (130.4%) | (200.5%) | — | — |
| Finance cost | (6.6%) | 0.0% | (3.5%) | — | — |
| Profit before tax | 73.7% | (159.7%) | (218.0%) | — | — |
| Taxation | (10.7%) | (14.9%) | (1.2%) | — | — |
| Profit after tax | 63.0% | (174.6%) | (219.2%) | — | — |
| Profit attributable to shareholders | 63.0% | (174.6%) | (219.2%) | — | — |
Each line as a percentage of revenue.
Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. * Figures in this period do not fully reconcile in the source data (hover the * for details). Updated 16 Oct 2026.
All reported line items 124
| 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 |
|---|---|---|---|---|---|
| Interest & Dividend Income - Finance - Total | — | — | — | — | — |
| Interest Income - Loans/Deposits | — | — | — | — | — |
| Interest & Dividend Income - Other - Finance | — | — | — | — | — |
| Net Commission & Fees Income/Expense - Business Revenue | 17.5 | 8.6 | 33.9 | 20.6 | 58.3 |
| Fees & Commissions Income | 17.5 | 8.6 | 33.9 | 20.6 | 58.3 |
| Fees & Commissions Expense | — | — | — | — | — |
| Investments & Loans - Business - Gain/(Loss) | 379.2 | 36.5 | (10.4) | (20.7) | (60.9) |
| Capital Gains/(Losses) - Unrealized - Total | 359.2 | 30.2 | (4.4) | (3.1) | (4.4) |
| Investment Securities - Business - Gain/(Loss) | — | — | — | — | — |
| Revenue from Business-Related Activities - Other - Total | — | — | — | — | — |
| Gain/(Loss) on Sale of Financial Instruments - Other | 20.0 | 6.3 | (6.1) | (17.6) | (56.5) |
| Business-Related Financing Revenue - Other | — | — | — | — | — |
| Investment Securities - Business Unclassified - Gain/(Loss) | — | — | — | — | — |
| Revenue from Business Activities - Total | 396.7 | 45.1 | 23.5 | (0.1) | (2.6) |
| Selling, General & Administrative Expenses - Total | 58.0 | 41.8 | 76.8 | 91.9 | 83.4 |
| Selling, General & Administrative Expenses - Unclassified | 55.5 | 41.1 | 75.9 | 90.9 | 82.5 |
| Depreciation in Selling, General & Administrative Expenses | 2.5 | 0.7 | 0.9 | 0.9 | 0.9 |
| Other Operating Expense/(Income) - Net | 18.5 | 17.0 | (29.7) | (34.6) | (106.9) |
| Other Operating Income - Total | 1.7 | 35.4 | 42.4 | 43.7 | 114.9 |
| Operating Expenses - Total | 76.6 | 58.7 | 47.1 | 57.3 | (23.6) |
| Operating Expenses - before Interest Expenses & Provision for Loan Losses - Total | 76.6 | 58.7 | 47.1 | 57.3 | (23.6) |
| Labor & Related Expenses including Stock-Based Compensation in Selling, General & Administrative Expenses | — | — | — | — | — |
| Selling, General & Administrative Expenses - Other - Total | — | — | — | — | — |
| Advertising Expense | — | — | — | — | — |
| Operating Profit before Non-Recurring Income/(Expense) | 320.1 | (13.7) | (23.6) | (57.3) | 20.9 |
| Financing Income/(Expense) - Net - Total | (26.1) | (50.6) | (24.1) | (32.7) | (47.3) |
| Interest Expense - Net of (Interest Income) | 26.1 | 0.0 | 0.8 | 1.0 | 4.7 |
| Other Operating Expense | 20.3 | 52.3 | 12.7 | 9.1 | 8.0 |
| Interest Expense - Net of Capitalized Interest | 26.1 | 0.0 | 0.8 | 1.0 | 4.7 |
| Non-Interest Financial Income/(Expense) - Total | (0.0) | (50.6) | (23.2) | (31.7) | (42.5) |
| Non-Interest Financial Income/(Expense) - Other - Net | (0.0) | (50.6) | (23.2) | (31.7) | (42.5) |
| Sale of Tangible & Intangible Fixed Assets - Gain/Loss | — | (4.9) | (0.0) | 0.0 | 8.4 |
| Equity Earnings/(Loss) - before Taxes including Non-Recurring | (1.1) | (1.4) | (2.6) | (1.9) | 0.2 |
| Other Non-Operating Income/(Expense) - Total | (0.4) | (0.6) | (0.9) | — | — |
| Supplementary Adjustments - Non-Operating - Decrease/(Increase) | — | — | — | — | — |
| Normalized Pre-tax Profit | 292.4 | (71.1) | (51.2) | (92.0) | (17.8) |
| Non-Recurring Income/Expense - Total | — | (0.8) | — | 0.0 | 181.1 |
| Impairment - Tangible & Intangible Fixed Assets | — | 0.8 | — | — | — |
| Impairment - Fixed Assets | — | — | — | — | — |
| Interest Income - Non-Bank | — | — | — | — | — |
| Impairment - Intangibles excluding Goodwill | — | 0.8 | — | — | — |
| Fair Value Adjustments - Financial Investments | — | — | — | 0.0 | 181.1 |
| Provision for Income Tax Expense- Unclassified | 42.3 | — | — | (4.5) | 48.5 |
| Income before Taxes | 292.4 | (72.0) | (51.2) | (92.0) | 163.3 |
| Income Taxes | 42.3 | 6.7 | 0.3 | (4.5) | 48.5 |
| Income Taxes for the Year - Current | — | 0.0 | 0.0 | — | — |
| Income Taxes - Domestic - Current | — | — | — | — | — |
| Income Taxes - Other (KFAS/NLST) - Current | — | 0.0 | — | — | — |
| Income Taxes - Deferred | — | 6.7 | 0.3 | — | — |
| Income Taxes - Other (by Type) | — | — | — | — | — |
| Net Income after Tax | 250.1 | (78.7) | (51.5) | (87.5) | 114.8 |
| After-Tax Adjustments - Other - Income/(Expense) - Total | — | — | — | — | — |
| Income before Discontinued Operations & Extraordinary Items | 250.1 | (78.7) | (51.5) | (87.5) | 114.8 |
| Net Income before Minority Interest | 250.1 | (78.7) | (51.5) | (87.5) | 114.8 |
| Minority Interest | (0.0) | — | — | — | — |
| Net Income after Minority Interest | 250.1 | (78.7) | (51.5) | (87.5) | 114.8 |
| Income Available to Common Shares | 250.1 | (78.7) | (51.5) | (87.5) | 114.8 |
| Earnings Adjustments to Net Income - Other Expense/(Income) | — | — | — | — | — |
| DPS - Common - Gross - Issue - By Period End Date Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income - Basic - including Extraordinary Items Applicable to Common - Total | 250.1 | (78.7) | (51.5) | (87.5) | 114.8 |
| Income available to Common excluding Extraordinary Items | 250.1 | (78.7) | (51.5) | (87.5) | 114.8 |
| Shares used to calculate Basic EPS - Total mn | 2,672.9 | 2,672.9 | 2,672.9 | 2,672.9 | 2,672.9 |
| EPS - Basic - including Extraordinary Items Applicable to Common - Total Rs | 0.09 | (0.03) | (0.02) | (0.03) | 0.04 |
| EPS - Basic - excluding Extraordinary Items Applicable to Common - Total Rs | 0.09 | (0.03) | (0.02) | (0.03) | 0.04 |
| EPS - Basic - excluding Extraordinary Items - Normalized - Total Rs | 0.09 | (0.03) | (0.02) | (0.03) | (0.02) |
| Allocated Net Income including Extraordinary Items Applicable to Common - Issue Specific | 250.1 | (78.7) | (51.5) | (87.5) | 114.8 |
| Earnings Allocation Factor - Basic - Issue Specific | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× |
| Shares used to calculate Basic EPS - Issue Specific mn | 2,672.9 | 2,672.9 | 2,672.9 | 2,672.9 | 2,672.9 |
| EPS - Basic - including Extraordinary Items Applicable to Common - Issue Specific Rs | 0.09 | (0.03) | (0.02) | (0.03) | 0.04 |
| EPS - Basic - excluding Extraordinary Items Applicable to Common - Issue Specific Rs | 0.09 | (0.03) | (0.02) | (0.03) | 0.04 |
| EPS - Basic - excluding Extraordinary Items - Normalized - Issue Specific Rs | 0.09 | (0.03) | (0.02) | (0.03) | (0.02) |
| EPS - Basic from Discontinued Operations & Extraordinary Items Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Dilution Adjustment | — | — | — | — | — |
| Net Income - Diluted - including Extraordinary Items Applicable to Common - Total | 250.1 | (78.7) | (51.5) | (87.5) | 114.8 |
| Diluted Income available to Common excluding Extraordinary Items | 250.1 | (78.7) | (51.5) | (87.5) | 114.8 |
| Shares used to calculate Diluted EPS - Total mn | 2,672.9 | 2,672.9 | 2,672.9 | 2,672.9 | 2,672.9 |
| EPS - Diluted - including Extraordinary Items Applicable to Common - Total Rs | 0.09 | (0.03) | (0.02) | (0.03) | 0.04 |
| EPS - Diluted - excluding Extraordinary Items Applicable to Common - Total Rs | 0.09 | (0.03) | (0.02) | (0.03) | 0.04 |
| EPS - Diluted - excluding Extraordinary Items - Normalized - Total Rs | 0.09 | (0.03) | (0.02) | (0.03) | (0.02) |
| Allocated Diluted Net Income including Extraordinary Items Applicable to Common - Issue Specific | 250.1 | (78.7) | (51.5) | (87.5) | 114.8 |
| Earnings Allocation Factor - Diluted - Issue Specific | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× |
| Shares used to calculate Diluted EPS - Issue Specific mn | 2,672.9 | 2,672.9 | 2,672.9 | 2,672.9 | 2,672.9 |
| EPS - Diluted - including Extraordinary Items Applicable to Common - Issue Specific Rs | 0.09 | (0.03) | (0.02) | (0.03) | 0.04 |
| EPS - Diluted - excluding Extraordinary Items Applicable to Common - Issue Specific Rs | 0.09 | (0.03) | (0.02) | (0.03) | 0.04 |
| EPS - Diluted - excluding Extraordinary Items - Normalized - Issue Specific Rs | 0.09 | (0.03) | (0.02) | (0.03) | (0.02) |
| EPS - Diluted from Discontinued Operations & Extraordinary Items Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| DPS - Common - Gross - Issue - By Announcement Date Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| DPS - Common - Net - Issue - By Announcement Date Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Earnings before Interest & Taxes (EBIT) | 320.1 | (13.7) | (23.6) | (57.3) | 20.9 |
| Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) | 322.6 | (13.0) | (22.7) | (56.4) | 21.8 |
| Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) and Operating Lease Payments | — | — | — | — | — |
| Depreciation - Investment Property - Supplemental | 0.1 | — | — | — | — |
| Depreciation & Amortization - Supplemental | 2.5 | 0.7 | 0.9 | 0.9 | 0.9 |
| Depreciation Expense - Total - Supplemental | 2.5 | 0.7 | 0.9 | 0.9 | 0.9 |
| Depreciation - Financial Lease Right-of-Use Assets - Supplemental | 2.1 | — | — | — | — |
| Depreciation, Depletion & Amortization - Total | 2.5 | 0.7 | 0.9 | 0.9 | 0.9 |
| Depreciation - Total | 2.5 | 0.7 | 0.9 | 0.9 | 0.9 |
| Labor & Related Expenses - Total | — | — | — | — | — |
| Labor & Related Expenses - Supplemental | — | — | — | — | — |
| Auditor Fees | — | — | — | — | — |
| Audit-Related Fees | — | — | — | — | — |
| Fees - Other | — | — | — | — | — |
| Normalized after Tax Profit | 250.1 | (77.8) | (51.5) | (87.5) | (66.3) |
| Normalized Net Income from Continuing Operations | 250.1 | (77.8) | (51.5) | (87.5) | (66.3) |
| Normalized Net Income - Bottom Line | 250.1 | (77.8) | (51.5) | (87.5) | (66.3) |
| Earnings before Interest & Taxes (EBIT) - Normalized | 318.6 | (71.1) | (50.4) | (90.9) | (13.0) |
| Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) - Normalized | 321.1 | (70.4) | (49.5) | (90.0) | (12.1) |
| Rental/Operating Lease Expense | — | — | — | — | — |
| Advertising Expenses - Supplemental | — | — | — | — | — |
| Interest Expense | 26.1 | 0.0 | 0.8 | 1.0 | 4.7 |
| Commissions & Fees from Securities Activities | 17.5 | 8.6 | 33.9 | 20.6 | 58.3 |
| Operating Expenses | 76.6 | 58.7 | 47.1 | 57.3 | (23.6) |
| Selling, General & Administrative Expenses excluding Research & Development Expenses | 58.0 | 41.8 | 76.8 | 91.9 | 83.4 |
| Income before Taxes & Provision for Loan Losses | 292.4 | (72.0) | (51.2) | (92.0) | 163.3 |
| DPS - Common - Gross - Issue - By Payable Date Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| DPS - Common - Gross - Issue - By Ex Date Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Tax Adjusted Operating Income | 272.5 | — | — | — | 118.2 |
| Operating Expenses excluding Non-Cash Charges - Total | 74.1 | 58.1 | 46.2 | 56.3 | (24.4) |
| Revenue Net of Interest Expense Before Loan Loss Provision | 396.7 | 45.1 | 23.5 | (0.1) | (2.6) |
| Income from Earning Assets | — | — | — | — | — |
| Income Available to Common Shares before Depreciation & Amortization | 252.6 | (78.0) | (50.6) | (86.6) | 115.7 |
| Fixed Charges | 26.1 | — | 0.8 | 1.0 | 4.7 |
| Estimated Tax Rate | 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 | 0.00 | 0.00 |
Every line the company reported, in the original order and wording, without regrouping or signs changed.