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Inv. Banks / Inv. Cos. / Securities Cos.

TSBL Trust Securities & Brokerage Limited

Latest results: FY2026 · Jun 2026

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Last close · 16 Oct 2026

Rs 2.23 +0.45%

Annual · FY2016 – FY2026

Trust Securities & Brokerage Limited (TSBL) income statement

Trust Securities & Brokerage Limited reported revenue of Rs 449.1 mn for FY2026 (Jul 2025 – Jun 2026), up 69.5% on FY2025. Finance cost was -Rs 120.5 mn. Tax of Rs 33.0 mn took 19.4% of pre-tax profit. Profit attributable to shareholders was Rs 137.2 mn, up 615.8% on FY2025, or Rs 0.23 per share.

TSBL income statement (annual) (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
Revenue 449.1 265.0 316.3 162.4 176.1
Operating expenses (390.8) (272.3) (233.6) (182.0) (215.2)
Finance cost 120.5 55.4 42.5 18.1 15.5
Profit before tax 170.2 24.8 84.0 (10.1) (13.8)
Taxation (33.0) (5.6) (0.0) (0.2) 0.1
Profit after tax 137.2 19.2 84.0 (10.3) (13.7)
Profit attributable to shareholders 137.2 19.2 84.0 (10.3) (13.7)
Per share
EPS – basic (Rs) Rs 0.23 0.04 0.16 (0.02) (0.03)
Dividend per share (Rs) Rs 0.00 0.00 0.00 0.00 0.00
TSBL income statement — year-on-year change (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
Revenue +69.5% -16.2% +94.7% -7.8% -45.6%
Operating expenses +43.5% +16.6% +28.3% -15.4% -18.0%
Finance cost — — — — —
Profit before tax +586.5% -70.5% — — -112.9%
Taxation +486.6% +27,649.9% -90.1% — -100.7%
Profit after tax +615.8% -77.2% — — -115.5%
Profit attributable to shareholders +615.8% -77.2% — — -115.5%
Per share
EPS – basic (Rs) +520.3% -77.2% — — -115.5%
Dividend per share (Rs) — — — — —

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

TSBL income statement — common size (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
Revenue 100.0% 100.0% 100.0% 100.0% 100.0%
Operating expenses (87.0%) (102.8%) (73.9%) (112.1%) (122.2%)
Finance cost 26.8% 20.9% 13.4% 11.1% 8.8%
Profit before tax 37.9% 9.4% 26.6% (6.2%) (7.8%)
Taxation (7.3%) (2.1%) (0.0%) (0.1%) 0.1%
Profit after tax 30.5% 7.2% 26.6% (6.3%) (7.8%)
Profit attributable to shareholders 30.5% 7.2% 26.6% (6.3%) (7.8%)

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 15 Oct 2026.

All reported line items 94
TSBL income statement — all reported line items (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
Investments & Loans - Business - Gain/(Loss) 28.7 13.9 104.3 20.6 (18.9)
Capital Gains/(Losses) - Unrealized - Total (5.4) 0.0 7.3 (6.3) (12.3)
Investment Securities - Business - Gain/(Loss) 34.1 13.9 97.0 26.9 (6.6)
Investments Securities - Available for Sale/Held to Maturity - Realized Gain/(Loss) 34.1 13.9 97.0 26.9 (6.6)
Revenue from Business-Related Activities - Other - Total 420.5 251.1 212.0 141.8 195.0
Revenue from Business Activities - Total 449.1 265.0 316.3 162.4 176.1
Selling, General & Administrative Expenses - Total 390.8 272.3 233.6 182.0 215.2
Selling, General & Administrative Expenses - Unclassified 375.3 259.4 220.6 169.2 205.3
Depreciation in Selling, General & Administrative Expenses 15.2 12.6 12.6 12.5 9.6
Amortization of Intangibles in Selling, General & Administrative Expenses 0.3 0.3 0.3 0.3 0.3
Operating Expenses - Total 390.8 272.3 233.6 182.0 215.2
Operating Expenses - before Interest Expenses & Provision for Loan Losses - Total 390.8 272.3 233.6 182.0 215.2
Operating Profit before Non-Recurring Income/(Expense) 58.4 (7.4) 82.7 (19.6) (39.1)
Financing Income/(Expense) - Net - Total 119.6 54.8 42.4 18.0 15.4
Interest Expense - Net of (Interest Income) (120.5) (55.4) (42.5) (18.1) (15.5)
Interest Expense - Net of Capitalized Interest 8.5 11.2 13.4 7.1 6.0
Non-Interest Financial Income/(Expense) - Total (0.9) (0.5) (0.1) (0.1) (0.1)
Non-Interest Financial Income/(Expense) - Other - Net (0.9) (0.5) (0.1) (0.1) (0.1)
Sale of Tangible & Intangible Fixed Assets - Gain/Loss 1.8 — — 0.0 1.0
Other Non-Operating Income/(Expense) - Total (9.5) (22.7) (41.0) (8.4) 9.0
Normalized Pre-tax Profit 170.2 24.8 84.0 (10.1) (13.8)
Non-Recurring Income/Expense - Total — 0.0 (0.0) (0.0) —
Interest Income - Non-Bank 129.0 66.6 55.9 25.2 21.5
Impairment - Financial Investments — 0.0 0.0 0.0 —
Fair Value Adjustments - Financial Investments — — — — —
Provision for Income Tax Expense- Unclassified 33.0 5.6 0.0 0.2 (0.1)
Income before Taxes 170.2 24.8 84.0 (10.1) (13.8)
Income Taxes 33.0 5.6 0.0 0.2 (0.1)
Net Income after Tax 137.2 19.2 84.0 (10.3) (13.7)
Income before Discontinued Operations & Extraordinary Items 137.2 19.2 84.0 (10.3) (13.7)
Net Income before Minority Interest 137.2 19.2 84.0 (10.3) (13.7)
Net Income after Minority Interest 137.2 19.2 84.0 (10.3) (13.7)
Income Available to Common Shares 137.2 19.2 84.0 (10.3) (13.7)
DPS - Common - Gross - Issue - By Period End Date Rs 0.00 0.00 0.00 0.00 0.00
Net Income - Basic - including Extraordinary Items Applicable to Common - Total 137.2 19.2 84.0 (10.3) (13.7)
Income available to Common excluding Extraordinary Items 137.2 19.2 84.0 (10.3) (13.7)
Shares used to calculate Basic EPS - Total mn 593.8 514.6 514.6 514.6 514.6
EPS - Basic - including Extraordinary Items Applicable to Common - Total Rs 0.23 0.04 0.16 (0.02) (0.03)
EPS - Basic - excluding Extraordinary Items Applicable to Common - Total Rs 0.23 0.04 0.16 (0.02) (0.03)
EPS - Basic - excluding Extraordinary Items - Normalized - Total Rs 0.23 0.04 0.16 (0.02) (0.03)
Allocated Net Income including Extraordinary Items Applicable to Common - Issue Specific 137.2 19.2 84.0 (10.3) (13.7)
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 593.8 514.6 514.6 514.6 514.6
EPS - Basic - including Extraordinary Items Applicable to Common - Issue Specific Rs 0.23 0.04 0.16 (0.02) (0.03)
EPS - Basic - excluding Extraordinary Items Applicable to Common - Issue Specific Rs 0.23 0.04 0.16 (0.02) (0.03)
EPS - Basic - excluding Extraordinary Items - Normalized - Issue Specific Rs 0.23 0.04 0.16 (0.02) (0.03)
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 137.2 19.2 84.0 (10.3) (13.7)
Diluted Income available to Common excluding Extraordinary Items 137.2 19.2 84.0 (10.3) (13.7)
Shares used to calculate Diluted EPS - Total mn 593.8 514.6 514.6 514.6 514.6
EPS - Diluted - including Extraordinary Items Applicable to Common - Total Rs 0.23 0.04 0.16 (0.02) (0.03)
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Total Rs 0.23 0.04 0.16 (0.02) (0.03)
EPS - Diluted - excluding Extraordinary Items - Normalized - Total Rs 0.23 0.04 0.16 (0.02) (0.03)
Allocated Diluted Net Income including Extraordinary Items Applicable to Common - Issue Specific 137.2 19.2 84.0 (10.3) (13.7)
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 593.8 514.6 514.6 514.6 514.6
EPS - Diluted - including Extraordinary Items Applicable to Common - Issue Specific Rs 0.23 0.04 0.16 (0.02) (0.03)
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Issue Specific Rs 0.23 0.04 0.16 (0.02) (0.03)
EPS - Diluted - excluding Extraordinary Items - Normalized - Issue Specific Rs 0.23 0.04 0.16 (0.02) (0.03)
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 0.00 0.00
DPS - Common - Net - Issue - By Announcement Date Rs 0.00 0.00 0.00 0.00 0.00
Earnings before Interest & Taxes (EBIT) 58.4 (7.4) 82.7 (19.6) (39.1)
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) 78.0 5.6 95.6 (6.8) (29.2)
Depreciation & Amortization - Supplemental 15.4 13.2 12.9 12.8 9.9
Depreciation Expense - Total - Supplemental 15.2 12.6 12.6 12.5 9.6
Depreciation - Financial Lease Right-of-Use Assets - Supplemental 13.1 10.7 11.1 10.9 7.9
Amortization - Total - Supplemental 0.3 0.6 0.3 0.3 0.3
Intangible Amortization - Other - Supplemental 0.3 0.6 0.3 0.3 0.3
Amortization of Computer Software - Supplemental — 0.3 — — —
Depreciation, Depletion & Amortization - Total 19.6 12.9 12.9 12.8 9.9
Depreciation - Total 19.4 12.6 12.6 12.5 9.6
Amortization of Intangible Assets excluding Goodwill - Total 0.3 0.3 0.3 0.3 0.3
Normalized after Tax Profit 137.2 19.2 84.0 (10.3) (13.7)
Normalized Net Income from Continuing Operations 137.2 19.2 84.0 (10.3) (13.7)
Normalized Net Income - Bottom Line 137.2 19.2 84.0 (10.3) (13.7)
Earnings before Interest & Taxes (EBIT) - Normalized 49.7 (30.6) 41.5 (28.1) (29.2)
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) - Normalized 69.4 (17.7) 54.5 (15.3) (19.4)
Depreciation of Financial Lease Right-of-Use Assets — 10.7 — — —
Interest Expense on Financial Lease Liabilities - Supplemental 2.8 3.6 3.8 2.8 1.9
Interest Expense 8.5 11.2 13.4 7.1 6.0
Operating Expenses 390.8 272.3 233.6 182.0 215.2
Selling, General & Administrative Expenses excluding Research & Development Expenses 390.8 272.3 233.6 182.0 215.2
Income before Taxes & Provision for Loan Losses 170.2 24.8 84.0 (10.1) (13.8)
DPS - Common - Gross - Issue - By Payable Date Rs 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
Tax Adjusted Operating Income 144.1 27.9 97.4 — —
Operating Expenses excluding Non-Cash Charges - Total 371.1 259.4 220.6 169.2 205.3
Revenue Net of Interest Expense Before Loan Loss Provision 449.1 265.0 316.3 162.4 176.1
Income from Earning Assets 34.1 13.9 97.0 26.9 (6.6)
Income Available to Common Shares before Depreciation & Amortization 156.8 32.1 96.9 2.5 (3.8)
Fixed Charges 8.5 11.2 13.4 7.1 6.0
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 0.00 0.00

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