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Modarabas

FPRM First Paramount Modaraba

Latest results: FY2025 · Jun 2025 Q3 FY2026 · Jan – Mar 2026

Last close · 16 Oct 2026

Rs 12.93 -2.05%

Financials

First Paramount Modaraba (FPRM) financials

9 years of annual results (FY2017 – FY2025), 27 quarters.

First Paramount Modaraba (FPRM) reported revenue of Rs 97.3 mn for FY2025 (Jul 2024 – Jun 2025), down 7.5% from FY2024.

Profit attributable to shareholders was Rs 23.5 mn (EPS Rs 1.63), down 17.0%.

No cash dividend was declared for FY2025.

Return on equity was 9.0%.

Over the last five years revenue grew at a compound -12.1% a year.

At Rs 12.93 (close on 16 Oct 2026) the shares trade at 9.9× earnings (TTM to Mar 2026) and 0.66× book value.

Fundamentals

FPRM at a glance

Revenue · FY2025

Rs 97.3 mn

▼ 7.5% year on year

Profit attributable to shareholders · FY2025

Rs 23.5 mn

▼ 17.0% year on year

EPS – basic (Rs) · FY2025

Rs 1.63

▼ 17.0% year on year

Dividend per share (Rs) · FY2025

Rs 0.00

Total assets · FY2025

Rs 510.7 mn

▲ 7.8% year on year

Return on equity (ROE) · FY2025

9.0%

-3.0 pts year on year

Financial statements

Income statement

Revenue, costs, profit and earnings per share.

Revenue · FY2025
Rs 97.3 mn
Profit attributable · FY2025
Rs 23.5 mn

Balance sheet

Assets, liabilities, debt and shareholders' equity.

Total assets · FY2025
Rs 510.7 mn
Equity · FY2025
Rs 273.4 mn

Cash flow

Cash from operations, investment, financing and free cash flow.

Operating cash flow · FY2025
-Rs 20.1 mn
Net change in cash · FY2025
-Rs 28.1 mn

Financial highlights

FPRM financial results

FPRM annual financial highlights (Rs mn)
Rs mn 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
Revenue 97.3 105.2 322.4 306.8 108.4
Profit before tax 30.9 39.9 11.8 15.1 7.7
Profit attributable to shareholders 23.5 28.4 6.5 10.0 7.7
EPS – basic (Rs) Rs 1.63 1.96 0.45 0.69 0.53
Dividend per share (Rs) Rs 0.00 0.00 0.00 0.00 0.43
Total assets 510.7 473.8 453.8 466.5 458.3
Borrowings 173.4 168.4 167.5 177.5 177.5
Total equity 273.4 249.8 221.5 214.9 211.2
FPRM quarterly financial highlights (Rs mn)
Rs mn TTM to Mar 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 Q4 FY2024 Apr – Jun 2024
Revenue — 21.4 16.6 141.7 — 101.3 151.8 143.3 0.0
Profit before tax 24.1 4.7 1.1 8.8 9.5 2.9 6.0 8.9 6.2
Profit attributable to shareholders 19.0 3.4 0.9 6.2 8.4 2.0 6.8 6.3 4.1
EPS – basic (Rs) Rs 1.31 0.24 0.07 0.43 0.58 0.14 0.47 0.44 0.28
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 539.5 539.5 523.1 522.3 510.7 491.8 508.9 473.2 473.8
Borrowings 177.1 177.1 177.1 175.6 173.4 169.7 163.2 171.1 168.4
Total equity 283.9 283.9 280.5 279.6 273.4 265.0 263.0 256.2 249.8

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.

FPRM charts

Revenue and profit Revenue Profit attributable
Revenue and profit Rs 322 mn Revenue FY17: Rs 202.2 mn Profit attributable FY17: Rs 7.2 mn FY17 Revenue FY18: Rs 257.1 mn Profit attributable FY18: Rs 10.9 mn FY18 Revenue FY19: Rs 219.2 mn Profit attributable FY19: Rs 12.1 mn FY19 Revenue FY20: Rs 185.7 mn Profit attributable FY20: Rs 6.5 mn FY20 Revenue FY21: Rs 108.4 mn Profit attributable FY21: Rs 7.7 mn FY21 Revenue FY22: Rs 306.8 mn Profit attributable FY22: Rs 10.0 mn FY22 Revenue FY23: Rs 322.4 mn Profit attributable FY23: Rs 6.5 mn FY23 Revenue FY24: Rs 105.2 mn Profit attributable FY24: Rs 28.4 mn FY24 Revenue FY25: Rs 97.3 mn Profit attributable FY25: Rs 23.5 mn FY25