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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 income statement

First National Equities Limited reported revenue of Rs 367.6 mn for Q4 FY2026 (Apr – Jun 2026), up 28,651.7% on Q4 FY2025. Finance cost was Rs 19.6 mn, up 53.2% on Q4 FY2025. The loss attributable to shareholders was Rs 172.2 mn, or Rs -0.06 per share.

FNEL 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 395.6 367.6 (4.2) 13.5 18.7 1.3 (2.9) 13.9 7.4
Operating expenses (75.5) (45.3) (12.7) (12.0) (5.5) (15.6) (30.7) (0.9) (17.3)
Finance cost — (19.6) (0.0) (6.5) — (12.8) — (6.6) (5.9)
Profit before tax 292.4 (137.7) (16.9) 434.0 13.0 (29.0) (33.5) 6.4 (15.8)
Taxation (42.3) (34.5) (0.1) (7.6) (0.1) (9.8) 0.0 3.7 (0.6)
Profit after tax 250.1 (172.2) (17.0) 426.4 12.9 (38.8) (33.5) 10.1 (16.4)
Profit attributable to shareholders 250.1 (172.2) (17.0) 426.4 12.9 (38.8) (33.5) 10.1 (16.4)
Per share
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
FNEL 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 +28,651.7% — -3.0% +152.1% -82.6% -380.8% +63.3% +12.2%
Operating expenses +190.8% -58.7% +1,256.6% -68.2% +1,433.4% +120.0% -95.5% +40.0%
Finance cost +53.2% — -1.5% — +2.0% — +8.3% -2.7%
Profit before tax — — +6,683.5% — — — — —
Taxation +250.1% — — -77.5% +142.2% -100.0% — —
Profit after tax — — +4,129.9% — — — — —
Profit attributable to shareholders — — +4,129.9% — — — — —
Per share
EPS – basic (Rs) — — +3,900.0% — — — — —
Dividend per share (Rs) — — — — — — — —

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

FNEL 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%
Operating expenses (12.3%) — (88.6%) (29.5%) (1,219.1%) — (6.3%) (233.5%)
Finance cost (5.3%) — (48.4%) — (1,000.3%) — (47.7%) (79.3%)
Profit before tax (37.5%) — 3,211.8% 69.6% (2,266.6%) — 45.9% (213.8%)
Taxation (9.4%) — (56.3%) (0.7%) (770.0%) — 26.4% (7.5%)
Profit after tax (46.8%) — 3,155.5% 69.0% (3,036.6%) — 72.4% (221.4%)
Profit attributable to shareholders (46.8%) — 3,155.5% 69.0% (3,036.6%) — 72.4% (221.4%)

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. Updated 16 Oct 2026.

All reported line items 86
FNEL 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
Net Commission & Fees Income/Expense - Business Revenue 7.8 3.6 4.7 0.4 2.9 0.0 0.0 5.7
Fees & Commissions Income 7.8 3.6 4.7 0.4 2.9 0.0 0.0 5.7
Investments & Loans - Business - Gain/(Loss) 359.8 (7.8) 8.8 18.3 (1.6) (2.9) 13.9 1.7
Capital Gains/(Losses) - Unrealized - Total 346.7 (8.8) 3.2 18.2 (8.2) (2.9) 16.3 (0.3)
Gain/(Loss) on Sale of Financial Instruments - Other 13.1 1.0 5.7 0.1 6.6 0.0 (2.4) 2.0
Revenue from Business Activities - Total 367.6 (4.2) 13.5 18.7 1.3 (2.9) 13.9 7.4
Selling, General & Administrative Expenses - Total 27.6 12.7 11.1 6.7 — 31.0 4.4 21.9
Other Operating Expense/(Income) - Net 17.7 (0.0) 0.8 (1.2) 15.6 (0.3) (3.5) (4.6)
Other Operating Income - Total 1.1 0.3 0.2 1.2 41.2 0.3 4.4 4.9
Operating Expenses - Total 45.3 12.7 12.0 5.5 15.6 30.7 0.9 17.3
Operating Expenses - before Interest Expenses & Provision for Loan Losses - Total 45.3 12.7 12.0 5.5 15.6 30.7 0.9 17.3
Operating Profit before Non-Recurring Income/(Expense) 322.3 (16.9) 1.5 13.2 (14.3) (33.5) 13.0 (9.9)
Financing Income/(Expense) - Net - Total (19.6) (0.0) (6.5) 0.0 (12.8) 0.0 (6.6) (5.9)
Interest Expense - Net of (Interest Income) 19.6 0.0 6.5 — 12.8 — 6.6 5.9
Other Operating Expense 18.9 0.3 1.0 0.0 56.8 0.0 0.9 0.3
Interest Expense - Net of Capitalized Interest 19.6 0.0 6.5 — 12.8 — 6.6 5.9
Equity Earnings/(Loss) - before Taxes including Non-Recurring (1.1) — — — (1.4) — — —
Other Non-Operating Income/(Expense) - Total (0.3) 0.0 0.0 (0.2) (0.5) 0.0 (0.0) (0.1)
Normalized Pre-tax Profit 301.3 (16.9) (5.0) 13.0 (29.0) (33.5) 6.4 (15.8)
Non-Recurring Income/Expense - Total (439.0) 0.0 439.0 — — — — —
Interest Income - Non-Bank — — — — — — — —
Fair Value Adjustments - Financial Investments (439.0) 0.0 439.0 — — — — —
Provision for Income Tax Expense- Unclassified 34.5 0.1 — — 9.8 0.0 — —
Income before Taxes (137.7) (16.9) 434.0 13.0 (29.0) (33.5) 6.4 (15.8)
Income Taxes 34.5 0.1 7.6 0.1 9.8 0.0 (3.7) 0.6
Income Taxes - Deferred — — 7.6 0.1 — — (3.7) 0.6
Net Income after Tax (172.2) (17.0) 426.4 12.9 (38.8) (33.5) 10.1 (16.4)
Income before Discontinued Operations & Extraordinary Items (172.2) (17.0) 426.4 12.9 (38.8) (33.5) 10.1 (16.4)
Net Income before Minority Interest (172.2) (17.0) 426.4 12.9 (38.8) (33.5) 10.1 (16.4)
Minority Interest (0.0) — — — — — — —
Net Income after Minority Interest (172.2) (17.0) 426.4 12.9 (38.8) (33.5) 10.1 (16.4)
Income Available to Common Shares (172.2) (17.0) 426.4 12.9 (38.8) (33.5) 10.1 (16.4)
DPS - Common - Gross - Issue - By Period End Date Rs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Income - Basic - including Extraordinary Items Applicable to Common - Total (172.2) (17.0) 426.4 12.9 (38.8) (33.5) 10.1 (16.4)
Income available to Common excluding Extraordinary Items (172.2) (17.0) 426.4 12.9 (38.8) (33.5) 10.1 (16.4)
Shares used to calculate Basic EPS - Total mn 2,773.7 1,702.3 2,665.2 2,682.5 2,667.4 2,683.3 2,520.3 2,687.5
EPS - Basic - including Extraordinary Items Applicable to Common - Total Rs (0.06) (0.01) 0.16 0.00 (0.01) (0.01) 0.00 (0.01)
EPS - Basic - excluding Extraordinary Items Applicable to Common - Total Rs (0.06) (0.01) 0.16 0.00 (0.01) (0.01) 0.00 (0.01)
EPS - Basic - excluding Extraordinary Items - Normalized - Total Rs 0.10 (0.01) (0.00) 0.00 (0.01) (0.01) 0.00 (0.01)
Allocated Net Income including Extraordinary Items Applicable to Common - Issue Specific (172.2) (17.0) 426.4 12.9 (38.8) (33.5) 10.1 (16.4)
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 2,773.7 1,702.3 2,665.2 2,682.5 2,667.4 2,683.3 2,520.3 2,687.5
EPS - Basic - including Extraordinary Items Applicable to Common - Issue Specific Rs (0.06) (0.01) 0.16 0.00 (0.01) (0.01) 0.00 (0.01)
EPS - Basic - excluding Extraordinary Items Applicable to Common - Issue Specific Rs (0.06) (0.01) 0.16 0.00 (0.01) (0.01) 0.00 (0.01)
EPS - Basic - excluding Extraordinary Items - Normalized - Issue Specific Rs 0.10 (0.01) (0.00) 0.00 (0.01) (0.01) 0.00 (0.01)
EPS - Basic from Discontinued Operations & Extraordinary Items Rs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Income - Diluted - including Extraordinary Items Applicable to Common - Total (172.2) (17.0) 426.4 12.9 (38.8) (33.5) 10.1 (16.4)
Diluted Income available to Common excluding Extraordinary Items (172.2) (17.0) 426.4 12.9 (38.8) (33.5) 10.1 (16.4)
Shares used to calculate Diluted EPS - Total mn 2,773.7 1,702.3 2,665.2 2,682.5 2,667.4 2,683.3 2,520.3 2,687.5
EPS - Diluted - including Extraordinary Items Applicable to Common - Total Rs (0.06) (0.01) 0.16 0.00 (0.01) (0.01) 0.00 (0.01)
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Total Rs (0.06) (0.01) 0.16 0.00 (0.01) (0.01) 0.00 (0.01)
EPS - Diluted - excluding Extraordinary Items - Normalized - Total Rs 0.10 (0.01) (0.00) 0.00 (0.01) (0.01) 0.00 (0.01)
Allocated Diluted Net Income including Extraordinary Items Applicable to Common - Issue Specific (172.2) (17.0) 426.4 12.9 (38.8) (33.5) 10.1 (16.4)
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 2,773.7 1,702.3 2,665.2 2,682.5 2,667.4 2,683.3 2,520.3 2,687.5
EPS - Diluted - including Extraordinary Items Applicable to Common - Issue Specific Rs (0.06) (0.01) 0.16 0.00 (0.01) (0.01) 0.00 (0.01)
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Issue Specific Rs (0.06) (0.01) 0.16 0.00 (0.01) (0.01) 0.00 (0.01)
EPS - Diluted - excluding Extraordinary Items - Normalized - Issue Specific Rs 0.10 (0.01) (0.00) 0.00 (0.01) (0.01) 0.00 (0.01)
EPS - Diluted from Discontinued Operations & Extraordinary Items Rs 0.00 0.00 0.00 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 0.00 0.00 0.00
DPS - Common - Net - Issue - By Announcement Date Rs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Earnings before Interest & Taxes (EBIT) 322.3 (16.9) 1.5 13.2 (14.3) (33.5) 13.0 (9.9)
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) 324.4 (16.7) 1.7 13.3 (14.0) (33.5) 13.3 (9.8)
Depreciation & Amortization - Supplemental — — — — — — — 0.1
Depreciation Expense - Total - Supplemental — — — — — — — 0.1
Depreciation, Depletion & Amortization - Total 2.1 0.2 0.1 0.1 0.3 0.0 0.2 0.1
Depreciation - Total 2.1 0.2 0.1 0.1 0.3 0.0 0.2 0.1
Normalized after Tax Profit 266.9 (17.0) (12.6) 12.9 (38.8) (33.5) 10.1 (16.4)
Normalized Net Income from Continuing Operations 266.9 (17.0) (12.6) 12.9 (38.8) (33.5) 10.1 (16.4)
Normalized Net Income - Bottom Line 266.9 (17.0) (12.6) 12.9 (38.8) (33.5) 10.1 (16.4)
Earnings before Interest & Taxes (EBIT) - Normalized 320.9 (16.9) 1.5 13.0 (16.2) (33.5) 13.0 (10.0)
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) - Normalized 323.0 (16.7) 1.7 13.1 (15.9) (33.5) 13.3 (9.8)
Interest Expense 19.6 0.0 6.5 — 12.8 — 6.6 5.9
Commissions & Fees from Securities Activities 7.8 3.6 4.7 0.4 2.9 0.0 0.0 5.7
Operating Expenses 45.3 12.7 12.0 5.5 15.6 30.7 0.9 17.3
Selling, General & Administrative Expenses excluding Research & Development Expenses 27.6 12.7 11.1 6.7 — 31.0 4.4 21.9
Income before Taxes & Provision for Loan Losses (137.7) (16.9) 434.0 13.0 (29.0) (33.5) 6.4 (15.8)
DPS - Common - Gross - Issue - By Payable Date Rs 0.00 0.00 0.00 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 0.00 0.00 0.00
Tax Adjusted Operating Income — — 432.9 12.9 — — 20.5 —
Operating Expenses excluding Non-Cash Charges - Total 43.2 12.5 11.9 5.4 15.3 30.7 0.6 17.2
Revenue Net of Interest Expense Before Loan Loss Provision 367.6 (4.2) 13.5 18.7 1.3 (2.9) 13.9 7.4
Income Available to Common Shares before Depreciation & Amortization (170.1) (16.9) 426.5 13.0 (38.5) (33.5) 10.3 (16.3)
Fixed Charges 19.6 0.0 6.5 — 12.8 — 6.6 5.9
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 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.