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Smart Money

Modarabas

PIM Popular Islamic Modaraba

Latest results: FY2026 · Jun 2026

Last close · 16 Oct 2026

Rs 79.87 +9.50%

Financials

Popular Islamic Modaraba (PIM) financials

11 years of annual results (FY2016 – FY2026).

Popular Islamic Modaraba (PIM) reported revenue of Rs 28.8 mn for FY2026 (Jul 2025 – Jun 2026), down 31.1% from FY2025.

Profit attributable to shareholders was Rs 15.0 mn (EPS Rs 0.75), down 41.5%.

It declared a dividend of Rs 0.70 per share for FY2026 and has paid a dividend in each of the last 5 years.

Return on equity was 6.9%.

Over the last five years revenue grew at a compound -6.4% a year.

At Rs 79.87 (close on 16 Oct 2026) the shares trade at 106.2× earnings (FY2026) and 7.45× book value, with a dividend yield of 0.9%.

Fundamentals

PIM at a glance

Revenue · FY2026

Rs 28.8 mn

▼ 31.1% year on year

Profit attributable to shareholders · FY2026

Rs 15.0 mn

▼ 41.5% year on year

EPS – basic (Rs) · FY2026

Rs 0.75

▼ 45.9% year on year

Dividend per share (Rs) · FY2026

Rs 0.70

▼ 30.0% year on year

Total assets · FY2026

Rs 230.5 mn

▼ 3.2% year on year

Return on equity (ROE) · FY2026

6.9%

-4.9 pts year on year

Financial statements

Income statement

Revenue, costs, profit and earnings per share.

Revenue · FY2026
Rs 28.8 mn
Profit attributable · FY2026
Rs 15.0 mn

Balance sheet

Assets, liabilities, debt and shareholders' equity.

Total assets · FY2026
Rs 230.5 mn
Equity · FY2026
Rs 214.4 mn

Cash flow

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

Operating cash flow · FY2026
Rs 17.1 mn
Net change in cash · FY2026
Rs 11.4 mn

Financial highlights

PIM financial results

PIM annual financial highlights (Rs mn)
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 FY2021 Jul 2020 – Jun 2021 FY2020 Jul 2019 – Jun 2020 FY2019 Jul 2018 – Jun 2019 FY2018 Jul 2017 – Jun 2018 FY2017 Jul 2016 – Jun 2017
Revenue 28.8 41.7 45.7 27.7 23.6 40.0 34.6 25.6 30.0 31.4
Profit before tax 17.9 28.4 28.2 10.4 7.9 7.6 5.5 4.9 2.9 4.6
Profit attributable to shareholders 15.0 25.7 24.7 8.0 6.6 7.6 5.5 4.8 2.6 4.6
EPS – basic (Rs) Rs 0.75 1.39 1.76 0.57 0.48 0.76 0.55 0.48 0.26 0.46
Dividend per share (Rs) Rs 0.70 1.00 1.00 0.46 0.37 0.00 0.00 0.00 0.00 0.00
Total assets 230.5 238.1 232.7 168.6 152.1 129.5 132.0 120.6 125.5 158.8
Borrowings 0.0 0.0 0.0 14.0 7.0 28.0 28.0 25.0 25.0 25.0
Total equity 214.4 219.3 213.6 135.3 132.6 91.7 88.1 86.1 81.2 78.6

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 15 Oct 2026.

PIM charts

Revenue and profit Revenue Profit attributable
Revenue and profit Rs 46 mn Revenue FY17: Rs 31.4 mn Profit attributable FY17: Rs 4.6 mn FY17 Revenue FY18: Rs 30.0 mn Profit attributable FY18: Rs 2.6 mn FY18 Revenue FY19: Rs 25.6 mn Profit attributable FY19: Rs 4.8 mn FY19 Revenue FY20: Rs 34.6 mn Profit attributable FY20: Rs 5.5 mn FY20 Revenue FY21: Rs 40.0 mn Profit attributable FY21: Rs 7.6 mn FY21 Revenue FY22: Rs 23.6 mn Profit attributable FY22: Rs 6.6 mn FY22 Revenue FY23: Rs 27.7 mn Profit attributable FY23: Rs 8.0 mn FY23 Revenue FY24: Rs 45.7 mn Profit attributable FY24: Rs 24.7 mn FY24 Revenue FY25: Rs 41.7 mn Profit attributable FY25: Rs 25.7 mn FY25 Revenue FY26: Rs 28.8 mn Profit attributable FY26: Rs 15.0 mn FY26