Skip to content
Smart Money

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%

Annual · FY2017 – FY2025

First Paramount Modaraba (FPRM) income statement

First Paramount Modaraba reported revenue of Rs 97.3 mn for FY2025 (Jul 2024 – Jun 2025), down 7.5% on FY2024. Finance cost was Rs 19.9 mn, up 11.8% on FY2024. Tax of Rs 7.4 mn took 23.8% of pre-tax profit. Profit attributable to shareholders was Rs 23.5 mn, down 17.0% on FY2024, or Rs 1.63 per share.

FPRM income statement (annual) (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
Operating expenses (47.5) (46.7) (296.1) (280.5) (92.0)
Finance cost (19.9) (17.8) (14.5) (12.5) (10.1)
Profit before tax 30.9 39.9 11.8 15.1 7.7
Taxation (7.4) (11.5) (5.2) (5.2) 0.0
Profit after tax 23.5 28.4 6.5 10.0 7.7
Profit attributable to shareholders 23.5 28.4 6.5 10.0 7.7
Per share
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
FPRM income statement — year-on-year change (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 -7.5% -67.4% +5.1% +183.1% -41.6%
Operating expenses +1.8% -84.2% +5.6% +204.9% -43.8%
Finance cost +11.8% +22.6% +16.1% +23.6% -31.6%
Profit before tax -22.5% +238.2% -22.0% +96.1% +18.6%
Taxation -35.9% +119.0% +1.9% — —
Profit after tax -17.0% +333.9% -34.3% +29.3% +18.6%
Profit attributable to shareholders -17.0% +333.9% -34.3% +29.3% +18.6%
Per share
EPS – basic (Rs) -17.0% +333.9% -34.3% +29.3% +18.6%
Dividend per share (Rs) — — — -100.0% +28.6%

Change against the previous fiscal year; shown when the earlier figure is positive.

FPRM income statement — common size (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 100.0% 100.0% 100.0% 100.0% 100.0%
Operating expenses (48.8%) (44.4%) (91.8%) (91.4%) (84.9%)
Finance cost (20.5%) (16.9%) (4.5%) (4.1%) (9.3%)
Profit before tax 31.8% 37.9% 3.7% 4.9% 7.1%
Taxation (7.6%) (10.9%) (1.6%) (1.7%) 0.0%
Profit after tax 24.2% 27.0% 2.0% 3.2% 7.1%
Profit attributable to shareholders 24.2% 27.0% 2.0% 3.2% 7.1%

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 91
FPRM income statement — all reported line items (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 from Financing-Related Operations 15.5 16.2 24.9 25.1 29.8
Revenue from Business-Related Activities - Other - Total 81.8 89.0 297.5 281.7 78.5
Business-Related Financing Revenue - Other 15.5 16.2 24.9 25.1 29.8
Revenue from Business Activities - Total 97.3 105.2 322.4 306.8 108.4
Selling, General & Administrative Expenses - Total 1.2 3.4 2.6 4.2 1.4
Depreciation in Selling, General & Administrative Expenses — 2.4 2.4 1.3 1.3
Amortization of Intangibles in Selling, General & Administrative Expenses — — — — —
Other Operating Expense/(Income) - Net 46.4 43.3 293.5 276.3 90.6
Gross Profit - Industrials/Property - Total 97.3 105.2 322.4 306.8 108.4
Operating Expenses - Total 47.5 46.7 296.1 280.5 92.0
Labor & Related Expenses including Stock-Based Compensation in Selling, General & Administrative Expenses 0.7 0.8 0.2 0.3 0.2
Selling, General & Administrative Expenses - Other - Total 0.5 0.2 (0.0) 2.5 (0.1)
Operating Profit before Non-Recurring Income/(Expense) 49.8 58.5 26.3 26.3 16.3
Financing Income/(Expense) - Net - Total (19.9) (17.9) (14.6) (12.6) (10.2)
Interest Expense - Net of (Interest Income) 19.9 17.8 14.5 12.5 10.1
Other Operating Expense 46.4 43.3 293.5 276.3 90.6
Interest Expense - Net of Capitalized Interest 22.1 21.5 18.3 14.1 11.9
Provision for Doubtful Accounts & Write-off 0.5 0.2 (0.0) 2.5 (0.1)
Non-Interest Financial Income/(Expense) - Total (0.0) (0.1) (0.1) (0.1) (0.1)
Non-Interest Financial Income/(Expense) - Other - Net (0.0) (0.1) (0.1) (0.1) (0.1)
Sale of Tangible & Intangible Fixed Assets - Gain/Loss — — — — —
Other Non-Operating Income/(Expense) - Total 1.1 (0.7) 0.1 1.4 1.6
Normalized Pre-tax Profit 30.9 39.9 11.8 15.1 7.7
Non-Recurring Income/Expense - Total — — — — —
Impairment - Tangible & Intangible Fixed Assets — — — — —
Impairment - Fixed Assets — — — — —
Interest Income - Non-Bank 2.2 3.7 3.8 1.6 1.8
Provision for Income Tax Expense- Unclassified 7.4 11.5 5.2 5.2 0.0
Income before Taxes 30.9 39.9 11.8 15.1 7.7
Income Taxes 7.4 11.5 5.2 5.2 0.0
Net Income after Tax 23.5 28.4 6.5 10.0 7.7
Income before Discontinued Operations & Extraordinary Items 23.5 28.4 6.5 10.0 7.7
Net Income before Minority Interest 23.5 28.4 6.5 10.0 7.7
Net Income after Minority Interest 23.5 28.4 6.5 10.0 7.7
Income Available to Common Shares 23.5 28.4 6.5 10.0 7.7
Earnings Adjustments to Net Income - Other Expense/(Income) — — — 0.0 —
DPS - Common - Gross - Issue - By Period End Date Rs 0.00 0.00 0.00 0.00 0.43
Net Income - Basic - including Extraordinary Items Applicable to Common - Total 23.5 28.4 6.5 10.0 7.7
Income available to Common excluding Extraordinary Items 23.5 28.4 6.5 10.0 7.7
Shares used to calculate Basic EPS - Total mn 14.5 14.5 14.5 14.5 14.5
EPS - Basic - including Extraordinary Items Applicable to Common - Total Rs 1.63 1.96 0.45 0.69 0.53
EPS - Basic - excluding Extraordinary Items Applicable to Common - Total Rs 1.63 1.96 0.45 0.69 0.53
EPS - Basic - excluding Extraordinary Items - Normalized - Total Rs 1.63 1.96 0.45 0.69 0.53
Allocated Net Income including Extraordinary Items Applicable to Common - Issue Specific 23.5 28.4 6.5 10.0 7.7
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 14.5 14.5 14.5 14.5 14.5
EPS - Basic - including Extraordinary Items Applicable to Common - Issue Specific Rs 1.63 1.96 0.45 0.69 0.53
EPS - Basic - excluding Extraordinary Items Applicable to Common - Issue Specific Rs 1.63 1.96 0.45 0.69 0.53
EPS - Basic - excluding Extraordinary Items - Normalized - Issue Specific Rs 1.63 1.96 0.45 0.69 0.53
EPS - Basic from Discontinued Operations & Extraordinary Items Rs 0.00 0.00 0.00 0.00 0.00
Net Income - Diluted - including Extraordinary Items Applicable to Common - Total 23.5 28.4 6.5 10.0 7.7
Diluted Income available to Common excluding Extraordinary Items 23.5 28.4 6.5 10.0 7.7
Shares used to calculate Diluted EPS - Total mn 14.5 14.5 14.5 14.5 14.5
EPS - Diluted - including Extraordinary Items Applicable to Common - Total Rs 1.63 1.96 0.45 0.69 0.53
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Total Rs 1.63 1.96 0.45 0.69 0.53
EPS - Diluted - excluding Extraordinary Items - Normalized - Total Rs 1.63 1.96 0.45 0.69 0.53
Allocated Diluted Net Income including Extraordinary Items Applicable to Common - Issue Specific 23.5 28.4 6.5 10.0 7.7
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 14.5 14.5 14.5 14.5 14.5
EPS - Diluted - including Extraordinary Items Applicable to Common - Issue Specific Rs 1.63 1.96 0.45 0.69 0.53
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Issue Specific Rs 1.63 1.96 0.45 0.69 0.53
EPS - Diluted - excluding Extraordinary Items - Normalized - Issue Specific Rs 1.63 1.96 0.45 0.69 0.53
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 0.43 0.33
DPS - Common - Net - Issue - By Announcement Date Rs 0.00 0.00 0.00 0.39 0.30
Earnings before Interest & Taxes (EBIT) 49.8 58.5 26.3 26.3 16.3
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) 54.1 60.8 28.9 27.6 17.7
Depreciation & Amortization - Supplemental — 2.4 2.4 1.3 1.3
Depreciation Expense - Total - Supplemental — — — — —
Amortization - Total - Supplemental — — — — —
Intangible Amortization - Other - Supplemental — — — — —
Depreciation, Depletion & Amortization - Total 4.3 2.4 2.6 1.3 1.3
Depreciation - Total — — — — —
Amortization of Intangible Assets excluding Goodwill - Total — — — — —
Normalized after Tax Profit 23.5 28.4 6.5 10.0 7.7
Normalized Net Income from Continuing Operations 23.5 28.4 6.5 10.0 7.7
Normalized Net Income - Bottom Line 23.5 28.4 6.5 10.0 7.7
Earnings before Interest & Taxes (EBIT) - Normalized 50.8 57.7 26.3 27.6 17.8
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) - Normalized 55.1 60.1 28.9 29.0 19.2
Interest Expense 22.1 21.5 18.3 14.1 11.9
Operating Expenses 47.5 46.7 296.1 280.5 92.0
Selling, General & Administrative Expenses excluding Research & Development Expenses 1.2 3.4 2.6 4.2 1.4
Income before Taxes & Provision for Loan Losses 30.9 39.9 11.8 15.1 7.7
DPS - Common - Gross - Issue - By Payable Date Rs 0.00 0.00 0.00 0.43 0.33
DPS - Common - Gross - Issue - By Ex Date Rs 0.00 0.00 0.00 0.43 0.33
Tax Adjusted Operating Income 40.4 43.7 16.7 19.2 19.6
Operating Expenses excluding Non-Cash Charges - Total 43.3 44.3 293.5 279.2 90.7
Income Available to Common Shares before Depreciation & Amortization 27.8 30.7 9.1 11.3 9.0
Fixed Charges 22.1 21.5 18.3 14.1 11.9
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 0.43 0.33

Every line the company reported, in the original order and wording, without regrouping or signs changed.