First Punjab Modaraba Services Pvt Ltd. · PSX:FPJM
First Punjab Modaraba Services Pvt — First Punjab Modaraba — Investor Presentation (July 2026)
16 slides from First Punjab Modaraba Services Pvt's investor presentation, Jul 22, 2026
Slide 1: Slide 1
Slide 2: First Punjab Modaraba Corporate Briefing Session
First Punjab Modaraba Corporate Briefing Session July 22, 2026
Slide 3: Corporate Profile
Corporate Profile Management Company Punjab Modaraba Services (Pvt.) Limited Date of incorporation 1992 Board of Directors Mr. Ijaz UR Rehman Qureshi - Chairman Mr. Muhammad Umer Khan - Director Mr. Umer Iqbal Sheikh – Director Mr. Rizwan Hameed – Director Mr. Malik Muhammad Babar Ayaz– Director Mr.
Slide 4: Group Organizational Structure
Group Organizational Structure The Bank of Punjab Holding 99.99% shares of Punjab Modaraba Services (Pvt) Limited (PMSL) Punjab Modaraba Services (Pvt.) Limited Holding 39.16% certificates of FPM First Punjab Modaraba (FPM)
Slide 5: Our Products
Our Products Ijarah Musharikah (Leasing) Home Decore Murabaha Services (HDS)
Slide 6: Salient Features
SAILIENT FEATURES Net Loss After Tax Injection of Sub Ordinated Funds and December 31, 2025: Rs.172.60 Mn Reduction in profit rates Fresh Business (NFA) Sale of Development Property December 31, 2025: Rs.534.632 Mn
Slide 7: Financial Statements December 31, 2025
Financial Statements December 31, 2025
Slide 8: Income
Position as on 31st Dec 2025 INCOME Amount in PKR Description 2025 2024 Income from ijarah rentals - net 27,123,067 54,844,805 Profit on murabahah financing 1,763,006 17,941,705 Profit on diminishing musharakah financing 181,202,218 203,502,965 Gain on sale of development properties 1,209,628 2,664,
Slide 9: Admin Expenses (1/2)
Position as on 31st Dec 2025 ADMIN EXPENSES (1/2) Amount in PKR Description 2025 2024 Salaries and other benefits 51,325,460 50,455,005 Rent, rates and taxes 6,405,338 6,108,308 Insurance 4,699,408 3,738,759 Fee and subscription 2,006,533 3,405,616 Commission 1,950,526 3,779,226 Repair and maintenan
Slide 10: Admin Expenses (2/2)
Position as on 31st Dec 2025 ADMIN EXPENSES (2/2) Amount in PKR Description 2025 2024 Depreciation on fixed assets under own use 2,041,077 1,261,022 Amortization on intangible assets 388,332 667,275 Balances written off 9,681,549 8,972,153 Miscellaneous 973,343 2,329,361 Total 96,498,377 98,462,810
Slide 11: Non Current Assets
Position as on 31st Dec 2025 NON CURRENT ASSETS Amount in PKR Description 2025 2024 Fixed assets under ijarah arrangement 154,064,320 185,227,848 Fixed assets under own use 3,178,450 3,571,658 Intangible assets - 388,332 Long-term investment under musharakah arrangement 717,396,501 690,449,778 Long-
Slide 12: Current Assets
Position as on 31st Dec 2025 CURRENT ASSETS Amount in PKR Description 2025 2024 Short-term investment under murabahah arrangement 108,479,952 136,052,103 Current portion of non-current assets 423,433,862 430,279,088 Ijarah rentals receivable 54,154,717 76,994,055 Short term investment 4,000,000 109,
Slide 13: Non Current Liabilities
Position as on 31st Dec 2025 NON CURRENT LIABILITIES Amount in PKR Description 2025 2024 Redeemable capital - 1,485,000,000 Long term security deposits 18,026,827 8,547,016 Deferred murabahah income 1,328,128 1,617,760 Post employment benefits 7,465,007 7,593,368 Total 26,819,962 1,502,758,144
Slide 14: Current Liabilities
Position as on 31st Dec 2025 CURRENT LIABILITIES Amount in PKR Description 2025 2024 Security deposits against ijarah arrangement 27,269,917 42,193,448 Deferred murabahah income 2,095,257 3,016,570 Finance cost payable 25,115,312 103,723,983 Advances against ijarah / murabahah / musharakah 70,068,99
Slide 15: 03 Years Credit Rating Summary
03 Years Credit Rating Summary 2023 LT – A- ST – A2 2024 LT – A- ST – A2 2025 LT – A- ST – A2
Slide 16: Issues faced by Modaraba
Position as on 31st Dec 2025 Issues faced by Modaraba 1. Equity Injection - SECP Update 2. New Initiatives
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