First Al-noor Modaraba · PSX:FANM
First Al-noor Modaraba — Corporate Update (November 2025)
16 slides from First Al-noor Modaraba's corporate update, Nov 11, 2025
Slide 1: Corporate Briefing Session FY 2024-2025
Corporate Briefing Session FY 2024-2025 First Al-Noor Modaraba June 30, 2025
Slide 2: Corporate briefing
Corporate briefing About First Al-Noor Modaraba Operational Activities Financial Performance Future Outlook
Slide 3: About First Al-Noor Modaraba
About First Al-Noor Modaraba
Slide 4: About First Al-Noor Modaraba
About First Al-Noor Modaraba First Al-Noor Modaraba (FANM) was established in 1992 by highly credible business, Al-Noor Group of Industries, as Non-Bank Islamic Financial Institution as one of the pioneers within Modaraba Sector. FANM Completed 30 years of successful business operations within the M
Slide 5: Operational Activities
Operational Activities
Slide 6: Operational Activities
Operational Activities Diminishing Musharika Diminishing Musharakah (DM) is a form co-ownership between the financial institution (FI) and the customer on fixed asset. Customer gradually buy the ownership units from FI through pre-agreed instalments. Since, quite a while, Modaraba divested from en
Slide 7: Financial Performance
Financial Performance
Slide 8: Major Facets of financial year 2024-2025
Major Facets of financial year 2024-2025 - Trading of commodity i.e. procurement of raw commodities and selling at a price to generate revenue. - Revenue of Rs. 15.818 million generated from trading operations compared to a loss of Rs. 6.758 million in the same period last year. - Revenue of Rs. 2.1
Slide 9: Five Year Financial Position
FIVE YEAR FINANCIAL POSITION 2025 2024 2023 2022 2021 Particulars FINANCIAL YEARS Total Assets 274.86 269.12 265.26 269.65 271.27 Current Assets 21.53 42.24 60.83 61.17 99.72 Current Liabilities 8.34 6.65 6.61 8.52 11.59 Total Liabilities 15.82 13.18 11.54 17.69 19.09 Paid up Capital 231.00 231.00 2
Slide 10: Modaraba's profitability
Modaraba’s profitability 50 Ps 40 4 Cc 2 = ne I] « 20 + 10 + ° 2020-2021 2021-2022 2022-2023 2023-2024 2024-2025 (Gross Revenue 30.73 39.21 33.83 34.82 46.29 mmm Operation+Admin Exp 27.58 25.71 26.78 32.20 35.95 ——Tax, Dep & Provision 2.49 11.15 9.49 3.58 3.69 m= Net Profit 0.65 2.31 0.53 0.39 2.41
Slide 11: Equity growth, Earning and Dividend per Certificate
Equity growth, Earning and Dividend per Certificate 400 0.12 0.10 300 Rate per certificate Rupees in Million 0.08 200 0.06 0.04 100 0.02 - - Financial years Equity Dividend EPC
Slide 12: KMIALL Index vs FANM
KMIALL Index vs FANM 120% 100% 96% FANM KMIALL 80% 70% 61% 60% 54% 44% 47% 40% 35% 20% 11% 0% -2% -10% -20% 30-Jun-21 30-Jun-22 30-Jun-23 30-Jun-24 30-Jun-25 -40%
Slide 13: Breakup value VS Market Rate / Certificate
Breakup value VS Market Rate / Certificate 14.00 12.12 12.19 12.00 11.08 11.11 11.21 10.00 8.92 8.68 8.00 7.57 7.21 6.62 6.00 4.59 3.90 4.00 3.51 3.51 3.20 2.00 - Breakup value Market Price P/B Ratio
Slide 14: Future Outlook
Future Outlook
Slide 15: Future Outlook
- Modaraba is positioning itself for growth by increasing revenues. - Modaraba is focused on expanding its range of commodities. - Modaraba is pursuing its investment portfolio to support increasing revenues. - With the anticipated positive macro economic development in the country, Modaraba is expe
Slide 16: Open for Question Answer Session
Open for Question Answer Session
First Al-Noor Modaraba — Corporate Update (November 2025) on 6ix