Last close · 16 Oct 2026
Rs 20.05 -2.58%
Annual · FY2007 – FY2025
First Punjab Modaraba (FPJM) income statement
First Punjab Modaraba reported revenue of Rs 251.5 mn for FY2025 (Jan – Dec 2025), down 33.8% on FY2024. Finance cost was Rs 309.3 mn, down 16.5% on FY2024. The loss attributable to shareholders was Rs 172.9 mn, or Rs -5.08 per share.
| Rs mn | FY2025 * Jan – Dec 2025 | FY2024 * Jan – Dec 2024 | FY2023 * Jan – Dec 2023 | FY2022 * Jan – Dec 2022 | FY2021 * Jul 2020 – Jun 2021 | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 251.5 | 380.0 | 316.3 | 236.1 | — | ||||||||||||||
| Operating expenses | (111.4) | (107.7) | (126.2) | (90.9) | — | ||||||||||||||
| Finance cost | (309.3) | (370.4) | (358.1) | (220.5) | — | ||||||||||||||
| Profit before tax | (169.2) | (73.7) | (153.3) | (81.6) | — | ||||||||||||||
| Taxation | (3.7) | (20.7) | 41.7 | (8.0) | — | ||||||||||||||
| Profit after tax | (172.9) | (94.4) | (111.6) | (89.6) | — | ||||||||||||||
| Profit attributable to shareholders | (172.9) | (94.4) | (111.6) | (89.6) | — | ||||||||||||||
| Per share | |||||||||||||||||||
| EPS – basic (Rs) Rs | (5.08) | (2.77) | (3.28) | (2.63) | — | ||||||||||||||
| Dividend per share (Rs) Rs | 0.00 | 0.00 | 0.00 | 0.00 | — | ||||||||||||||
| Rs mn | FY2025 * Jan – Dec 2025 | FY2024 * Jan – Dec 2024 | FY2023 * Jan – Dec 2023 | FY2022 * Jan – Dec 2022 | FY2021 * Jul 2020 – Jun 2021 | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | -33.8% | +20.1% | +33.9% | — | — | ||||||||||||||
| Operating expenses | +3.4% | -14.7% | +38.9% | — | — | ||||||||||||||
| Finance cost | -16.5% | +3.4% | +62.4% | — | — | ||||||||||||||
| Profit before tax | — | — | — | — | — | ||||||||||||||
| Taxation | -82.2% | — | -620.1% | — | — | ||||||||||||||
| Profit after tax | — | — | — | — | — | ||||||||||||||
| Profit attributable to shareholders | — | — | — | — | — | ||||||||||||||
| Per share | |||||||||||||||||||
| EPS – basic (Rs) | — | — | — | — | — | ||||||||||||||
| Dividend per share (Rs) | — | — | — | — | — | ||||||||||||||
Change against the previous fiscal year; shown when the earlier figure is positive.
| Rs mn | FY2025 * Jan – Dec 2025 | FY2024 * Jan – Dec 2024 | FY2023 * Jan – Dec 2023 | FY2022 * Jan – Dec 2022 | FY2021 * Jul 2020 – Jun 2021 |
|---|---|---|---|---|---|
| Revenue | 100.0% | 100.0% | 100.0% | 100.0% | — |
| Operating expenses | (44.3%) | (28.3%) | (39.9%) | (38.5%) | — |
| Finance cost | (123.0%) | (97.5%) | (113.2%) | (93.4%) | — |
| Profit before tax | (67.3%) | (19.4%) | (48.5%) | (34.5%) | — |
| Taxation | (1.5%) | (5.5%) | 13.2% | (3.4%) | — |
| Profit after tax | (68.8%) | (24.8%) | (35.3%) | (37.9%) | — |
| Profit attributable to shareholders | (68.8%) | (24.8%) | (35.3%) | (37.9%) | — |
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 115
| Rs mn | FY2025 Jan – Dec 2025 | FY2024 Jan – Dec 2024 | FY2023 Jan – Dec 2023 | FY2022 Jan – Dec 2022 | FY2021 Jul 2020 – Jun 2021 |
|---|---|---|---|---|---|
| Revenue from Goods & Services | 211.3 | 279.0 | 246.9 | 167.0 | — |
| Sales of Goods & Services - Net - Unclassified | 211.3 | 279.0 | 246.9 | 167.0 | — |
| Revenue from Financing-Related Operations | — | — | — | — | — |
| Revenue from Business-Related Activities - Other - Total | 40.2 | 101.0 | 69.3 | 69.1 | — |
| Business-Related Financing Revenue - Other | — | — | — | — | — |
| Revenue from Business Activities - Total | 251.5 | 380.0 | 316.3 | 236.1 | — |
| Selling, General & Administrative Expenses - Total | 96.5 | 98.5 | 80.0 | 88.3 | — |
| Selling, General & Administrative Expenses - Unclassified | — | 96.5 | 77.8 | 86.5 | — |
| Depreciation in Selling, General & Administrative Expenses | — | 1.3 | 1.5 | 1.5 | — |
| Amortization of Intangibles in Selling, General & Administrative Expenses | — | 0.7 | 0.7 | 0.3 | — |
| Other Operating Expense/(Income) - Net | 14.9 | 9.2 | 46.2 | 2.6 | — |
| Other Operating Income - Total | — | — | — | — | — |
| Gross Profit - Industrials/Property - Total | 251.5 | 380.0 | 316.3 | 236.1 | — |
| Operating Expenses - Total | 111.4 | 107.7 | 126.2 | 90.9 | — |
| Labor & Related Expenses including Stock-Based Compensation in Selling, General & Administrative Expenses | — | — | — | — | — |
| Selling, General & Administrative Expenses - Other - Total | — | — | — | — | — |
| Advertising Expense | — | — | — | — | — |
| Operations & Maintenance (Utility) | — | — | — | — | — |
| Operating Profit before Non-Recurring Income/(Expense) | 140.1 | 272.3 | 190.0 | 145.2 | — |
| Financing Income/(Expense) - Net - Total | (309.3) | (360.4) | (357.5) | (220.7) | — |
| Interest Expense - Net of (Interest Income) | 309.3 | 370.4 | 358.1 | 220.5 | — |
| Other Operating Expense | — | — | — | — | — |
| Interest Expense - Net of Capitalized Interest | 309.3 | 370.4 | 358.1 | 220.5 | — |
| Operating Provisions - Increase/(Decrease) | 14.9 | 9.2 | 46.2 | 2.6 | — |
| Non-Interest Financial Income/(Expense) - Total | — | 10.0 | 0.5 | (0.2) | — |
| Non-Interest Financial Income/(Expense) - Other - Net | — | (0.2) | (0.3) | (0.2) | — |
| Sale of Tangible & Intangible Fixed Assets - Gain/Loss | — | 14.5 | 5.2 | (6.1) | — |
| Other Non-Operating Income/(Expense) - Total | 0.0 | — | 0.0 | 0.0 | — |
| Normalized Pre-tax Profit | (169.2) | (73.7) | (162.3) | (81.6) | — |
| Non-Recurring Income/Expense - Total | — | 0.0 | 9.0 | — | — |
| Impairment - Tangible & Intangible Fixed Assets | — | — | — | — | — |
| Impairment - Fixed Assets | — | — | — | — | — |
| Interest Expense on Capital Financing - Gross | — | — | — | — | — |
| Impairment - Financial Investments | — | — | — | — | — |
| Sale of Investments Held for Sale, Maturity & Trading - Gain/(Loss) | — | 10.2 | 0.9 | — | — |
| Sale & Acquisition of Group Companies - Gain/(Loss) | — | 0.0 | 9.0 | — | — |
| Non-Recurring Income/(Expense) - Other - Total | — | — | — | — | — |
| Provision for Income Tax Expense- Unclassified | 0.0 | 15.3 | (49.5) | 8.0 | — |
| Income before Taxes | (169.2) | (73.7) | (153.3) | (81.6) | — |
| Income Taxes | 3.7 | 20.7 | (41.7) | 8.0 | — |
| Income Taxes - Other (by Type) | 3.7 | 5.4 | 7.8 | — | — |
| Net Income after Tax | (172.9) | (94.4) | (111.6) | (89.6) | — |
| Income before Discontinued Operations & Extraordinary Items | (172.9) | (94.4) | (111.6) | (89.6) | — |
| Net Income before Minority Interest | (172.9) | (94.4) | (111.6) | (89.6) | — |
| Net Income after Minority Interest | (172.9) | (94.4) | (111.6) | (89.6) | — |
| Income Available to Common Shares | (172.9) | (94.4) | (111.6) | (89.6) | — |
| DPS - Common - Gross - Issue - By Period End Date Rs | 0.00 | 0.00 | 0.00 | 0.00 | — |
| Net Income - Basic - including Extraordinary Items Applicable to Common - Total | (172.9) | (94.4) | (111.6) | (89.6) | — |
| Income available to Common excluding Extraordinary Items | (172.9) | (94.4) | (111.6) | (89.6) | — |
| Shares used to calculate Basic EPS - Total mn | 34.0 | 34.0 | 34.0 | 34.0 | — |
| EPS - Basic - including Extraordinary Items Applicable to Common - Total Rs | (5.08) | (2.77) | (3.28) | (2.63) | — |
| EPS - Basic - excluding Extraordinary Items Applicable to Common - Total Rs | (5.08) | (2.77) | (3.28) | (2.63) | — |
| EPS - Basic - excluding Extraordinary Items - Normalized - Total Rs | (5.08) | (2.77) | (3.54) | (2.63) | — |
| Allocated Net Income including Extraordinary Items Applicable to Common - Issue Specific | (172.9) | (94.4) | (111.6) | (89.6) | — |
| Earnings Allocation Factor - Basic - Issue Specific | 1.00× | 1.00× | 1.00× | 1.00× | — |
| Shares used to calculate Basic EPS - Issue Specific mn | 34.0 | 34.0 | 34.0 | 34.0 | — |
| EPS - Basic - including Extraordinary Items Applicable to Common - Issue Specific Rs | (5.08) | (2.77) | (3.28) | (2.63) | — |
| EPS - Basic - excluding Extraordinary Items Applicable to Common - Issue Specific Rs | (5.08) | (2.77) | (3.28) | (2.63) | — |
| EPS - Basic - excluding Extraordinary Items - Normalized - Issue Specific Rs | (5.08) | (2.77) | (3.54) | (2.63) | — |
| EPS - Basic from Discontinued Operations & Extraordinary Items Rs | 0.00 | 0.00 | 0.00 | 0.00 | — |
| Dilution Adjustment | — | — | — | — | — |
| Net Income - Diluted - including Extraordinary Items Applicable to Common - Total | (172.9) | (94.4) | (111.6) | (89.6) | — |
| Diluted Income available to Common excluding Extraordinary Items | (172.9) | (94.4) | (111.6) | (89.6) | — |
| Shares used to calculate Diluted EPS - Total mn | 34.0 | 34.0 | 34.0 | 34.0 | — |
| EPS - Diluted - including Extraordinary Items Applicable to Common - Total Rs | (5.08) | (2.77) | (3.28) | (2.63) | — |
| EPS - Diluted - excluding Extraordinary Items Applicable to Common - Total Rs | (5.08) | (2.77) | (3.28) | (2.63) | — |
| EPS - Diluted - excluding Extraordinary Items - Normalized - Total Rs | (5.08) | (2.77) | (3.54) | (2.63) | — |
| Allocated Diluted Net Income including Extraordinary Items Applicable to Common - Issue Specific | (172.9) | (94.4) | (111.6) | (89.6) | — |
| Earnings Allocation Factor - Diluted - Issue Specific | 1.00× | 1.00× | 1.00× | 1.00× | — |
| Shares used to calculate Diluted EPS - Issue Specific mn | 34.0 | 34.0 | 34.0 | 34.0 | — |
| EPS - Diluted - including Extraordinary Items Applicable to Common - Issue Specific Rs | (5.08) | (2.77) | (3.28) | (2.63) | — |
| EPS - Diluted - excluding Extraordinary Items Applicable to Common - Issue Specific Rs | (5.08) | (2.77) | (3.28) | (2.63) | — |
| EPS - Diluted - excluding Extraordinary Items - Normalized - Issue Specific Rs | (5.08) | (2.77) | (3.54) | (2.63) | — |
| EPS - Diluted from Discontinued Operations & Extraordinary Items Rs | 0.00 | 0.00 | 0.00 | 0.00 | — |
| DPS - Common - Gross - Issue - By Announcement Date Rs | 0.00 | 0.00 | 0.00 | 0.00 | — |
| DPS - Common - Net - Issue - By Announcement Date Rs | 0.00 | 0.00 | 0.00 | 0.00 | — |
| Earnings before Interest & Taxes (EBIT) | 140.1 | 272.3 | 190.0 | 145.2 | — |
| Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) | 140.1 | 323.8 | 277.8 | 282.7 | — |
| Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) and Operating Lease Payments | — | — | — | — | — |
| Depreciation & Amortization - Supplemental | — | 51.5 | 87.7 | 137.4 | — |
| Depreciation Expense - Total - Supplemental | — | 50.9 | 87.1 | 137.2 | — |
| Depreciation - Financial Lease Right-of-Use Assets - Supplemental | — | 1.3 | 1.5 | 1.5 | — |
| Amortization - Total - Supplemental | — | 0.7 | 0.7 | 0.3 | — |
| Intangible Amortization - Other - Supplemental | — | 0.7 | 0.7 | 0.3 | — |
| Amortization of Computer Software - Supplemental | — | 0.7 | 0.7 | 0.3 | — |
| Depreciation, Depletion & Amortization - Total | — | 51.5 | 87.7 | 137.4 | — |
| Depreciation - Total | — | 50.9 | 87.1 | 137.2 | — |
| Amortization of Intangible Assets including Goodwill - Total | — | — | — | — | — |
| Amortization of Intangible Assets excluding Goodwill - Total | — | 0.7 | 0.7 | 0.3 | — |
| Labor & Related Expenses - Total | — | — | — | — | — |
| Islamic Income | — | — | — | — | — |
| Labor & Related Expenses - Supplemental | — | — | — | — | — |
| Auditor Fees | — | — | — | — | — |
| Audit-Related Fees | — | — | — | — | — |
| Normalized after Tax Profit | (172.9) | (94.4) | (120.5) | (89.6) | — |
| Normalized Net Income from Continuing Operations | (172.9) | (94.4) | (120.5) | (89.6) | — |
| Normalized Net Income - Bottom Line | (172.9) | (94.4) | (120.5) | (89.6) | — |
| Earnings before Interest & Taxes (EBIT) - Normalized | 140.1 | 296.8 | 195.8 | 138.9 | — |
| Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) - Normalized | — | 348.3 | 283.5 | 276.4 | — |
| Rental/Operating Lease Expense | — | — | — | — | — |
| Advertising Expenses - Supplemental | — | — | — | — | — |
| Interest Expense | 309.3 | 370.4 | 358.1 | 220.5 | — |
| Operating Expenses | 111.4 | 107.7 | 126.2 | 90.9 | — |
| Selling, General & Administrative Expenses excluding Research & Development Expenses | 96.5 | 98.5 | 80.0 | 88.3 | — |
| Income before Taxes & Provision for Loan Losses | (169.2) | (73.7) | (153.3) | (81.6) | — |
| Cost of Revenue including Operation & Maintenance (Utility) - Total | — | — | — | — | — |
| Generation Cost | — | — | — | — | — |
| DPS - Common - Gross - Issue - By Payable Date Rs | 0.00 | 0.00 | 0.00 | 0.00 | — |
| DPS - Common - Gross - Issue - By Ex Date Rs | 0.00 | 0.00 | 0.00 | 0.00 | — |
| Tax Adjusted Operating Income | — | — | — | — | — |
| Operating Expenses excluding Non-Cash Charges - Total | — | 56.2 | 38.5 | (46.5) | — |
| Income Available to Common Shares before Depreciation & Amortization | — | (42.8) | (23.8) | 47.9 | — |
| Fixed Charges | 309.3 | 370.4 | 358.1 | 220.5 | — |
| Estimated Tax Rate | 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 | — |
Every line the company reported, in the original order and wording, without regrouping or signs changed.