First Habib Modaraba
(An Islamic Financial Institution)
(Managed by: HabibMetro Modaraba Management)
1985-2025
The General Manager
Pakistan Stock Eichange Limited, Stock Exchange Building,
Stock Exchange Road,
Karachi.
FHM/PSX/I 096/2025
AUBUSt 07, 2025
Subject: Financial Results for the year ended June 30, 2025. Dear S ir,
We have to inform you that the Board of Directors of Habib Metropolitan Modaraba Management Company (Private) Limited - Modaraba Management Company in their meeting held on Thursday, August 07, 2025 at 11:00 a.m. at 6t' Floor, HBZ Plaza I.t. Chundrigar Road, Karachi has approved the Annual Audited Financial statements of First Habi b Modaraba and recommended the toll owing;
(i) Cash dividend
A final cash dividend for the yeat ended I une 30, 2025 at Rs.2.25 per certificate i.e 22.5%.
(ii) | Bonus shares | NIL |
(iii) | Righ I shares | NIL |
(ii') | Any other entitlementlcorporate action | NI L |
(›') | Any other price-sensitive information | NI L |
Annual Review Meeting
The Ann ual Review Meeting will be held on October 08, 2025 at 3:00 p.m. at Karachi.
The Certificate Transfer Books of the Modaraba will be closed from October 02,2025 to October 10,2025 both days inclusive). Transfers received at the Modaraba s certificate registrar at "CDC Share Registrar Services Ltd, CDC Ho use, 99B-B, 1o ct - B, S .M .C. H. S , Main SHallrah-e-la isaI, Karoch i , act I he Iose o f b usinc ss on October 01,2025 will be treated as in time for the purpose of above entitlement to the transferees.
The Annual Report of the Modaraba wiil be transmitted through PUCA RS at least 21 days before holding of Annual Review Meeting.
Financial Results
The Financial results of First Habib Modaraba are enclosed.
ARnsaha
Company Sectary
C.C The Executive Director / HOD
Offsite-II Department Supervision Division,
Securities and Axeh ringe Com mission of P ak ist an
63, N/C Building. Jinnah Avenue. Blue Area.
!s1amabad.
h Floor, HBZ Plaza, (Hirani Centre) I.I. Chundrigar Road. Karachi-74200
IN: 111-346-346 TEL: 32635949 S1
MAT L: fhm@habibmodaraba.com WEBSITE: wwvy.habibmodaraba.com
Modaraba Management
MMM is a subsidiary of Habib Metropolitan Bank
20t5
Fixed assets in own use | 88,484,327 | 85,056,329 | ||
Intangible essets | 6 | 7,952,753 | 9,626,317 | |
Diminishing musharaka financing | 20,557,392,328 | I5,862,875,979 | ||
Long term deposits | 8 | 1,515,300 | 1,465,300 | |
9 | 446,5'75,160 | 436,890,160 | ||
Deferred tax asset - net | |0 | 379,024,590 | 221,253,543 | |
21,480,944,458 | 16,617,167,628 |
Short term investments '
Current portion of diminishing mushamlta financing Diminishing Musharaka financing installments receivable Advances and pregaymeats
Otbcr zecfiyables
Gash and bed balances
11
312,272,373 | 149,213,636 |
J0,246,7J9,43I | 7,806,471,555 |
879,700 | 5,207,720 |
1,857,505,633 | 1,460,347,585 |
35,7I2,â09 | 24,993,46J |
815.309,565 | 349,523,608 |
iz M
i4
i5
13,268.439,211 9,792,757,565
9 26.409,925 193
EQUITYANDEIABIL*TlES Authorized certificate capital 140,000,000 of Rs. 10/- each | ||||||
(2024: 140,000,000 certificates of Rs. l0/- each) | 1,400.000,000 | 4 0 | 0 | |||
Issued, subscribed and peid-up certificate capital | )6 | 1,108,305,000 | 1,108,305,000 | |||
4,630,589,940 5,738,894,940 | 3,966,T22,330 5,074,427,330 | |||||
IB | 34,503,36'7 | |||||
cxrrro M azszRvzs
NON-CURRENT £fABfLlTl£S
Liability against rift ofuse assets
CURRENT £MBTL.ITEMS
t9 I 5,869,077
16,124,1 16
Certificates of investment (mushazaka) | 20 | 20,773,092,578 | 1 6, I88,522,739 | |
Current meturity of liability against right ofnse assets | 19 | 8,160,336 | 7,969,360 | |
Uoeazaed d zzishiog znusharaka insIal}ments | 12,265,31 6 | 24,961,381 | ||
Advance dirainisfiing musharaka installments | 14,329,272 | |||
Trade aad otficr payables | 21 | 894,090,781 | 834, T90,00l | |
274,874,695 | 488,241,779 | |||
Running Musharaka | 22 | 6,295,389,223 | 3,164,386,488 | |
Profit payable on running mushara1‹a | 124,467,679 | 18,897,946 | ||
Unclaime4 dividend | 46,'743,395 | 40,'776, 180 | ||
Oividmd payable | 9, I50,852 | 12,359,769 | ||
Taxation-net | 496.8'77,927 | 379,544,627 | ||
28,949,444,054 2t,284,870,380 | ||||
£OTaLEQUITYANDLIABVITTES
CONTINGENCIES AND COMMITMENTS
me annexed notes from I to 44 form an integral part ot these financial statements.
34,749 383,669 26,409 92S, t93
23
fler Hsbib Metropo tan Modaraba Msnsger ent Compr ny (Private) Limited tMndarebs Management Company)
Chief Executive Officer
Chief Financial Officer Director
Director
FIRST HABfB MODARABA
STATEMENT OF PROFIT AND LOSS AND OTHER COM PREHENSIVE ISCOPE
FOR THE FAR ENDED JUNE 30, 2075
2025
--(Rupees-
Income fmm diminishing musharaka financing | 24 | 4,971,815,210 | 5, I9I,477,â78 | |
Provision in respect of diminish ing musfiaraka financing | 7.2. I | (124,927,933 | ) (308,455,522) | |
Reversal / (Provision) in respect of diminishing musharaka financing installments receivable | 12.1 | 12,949,586 | (6,840,613) | |
Adrilinistrative expenses | 25 | (298,249,349 | (260,248,362) | |
4,561,587,514 | 4,615,933,08 I | |||
Other income | 26 | 226, 142,004 | 266,743,260 | |
4,787,729,518 | 4,882,676,341 | |||
Financial charges | 2'7 | (3,322,357,382 | ) (3,505,342,815) | |
Modaraba Management Company's remuneration | 21.3 | (146,537,214) | (I 37,733,353) | |
Sales tax on Modaraba Management Company's remuneration | 21.4 | (2t,980,582) | ( I 7,905,336) | |
Provision for Sindh Workers' Welfare Fund | 212 | (25,937,087) | (24,433,897) | |
Pro rat before taxation and levy | 1,270.9 I 7,253 | I , 497,260,940 | ||
28. I | t25,666,378) | (I 6,146,391) | ||
Pro fit before taxation | 1,245,250,875 | 1,181,114,549 | ||
Taxation | 282 | (343,754,310) | (490,917,208) | |
Profit after taeation | 901 ,496,565 | 690,197,341 | ||
Dt}ser comprehensive income | ||||
hems that will not be reclassified subsequentiy | ||||
o statement of profit and loss | ||||
gemeasurement of post retirement benefit obligation - net of tax | (4,284,905) | (1,985,211) | ||
Surplus on revaluation of investments classified | ||||
as 'at fa ir value through other comprehensive income' - net of tax | I 0,672,231 | 28,587,409 | ||
)
6,387,326 26,602,198
Fatal comprehensive income for the year
907.883,891
7J6,T99,539
namings per certificate - basic and diluted
. he annexed notes from I to 44 form en integral part of ffiese financial statements.
29 8.1 3
6.23
F'or }4abib Metropolitan Modaraba Management Company (Private) limited (M odaraba Management Company)
Chief Executive Oifice r Chief Financial Office r
FIRST HABIB MODARABA CASH FLOW STATEMENT FOR THE YEAR ENDED JUNE 30, 2025 2025
Noie - ----- (Rupees) --
2024 CASH FLOWS FROM OPERATING ACTIVITIESCash generated from operations Diminishing musharaka financing - net Long term deposits
Financial charges paid Gratuity paid
Tax paid
Net cash used in operating activities
CASH FLOWS FROM INVESTING ACTI VITIES
Purchase of fixed assets in own use Purchase of intangible assets Purchase of investments
Proceeds from sale of fixed assets in own use
Proceeds from sale of investments Dividends received
Net cash (used in) / generated from investing activities
CASH FLOWS FROM FINANCING ACTtVlTIESPro fi t distributed
40
4,362,722,387 | 4,855,318,059 |
(7,259,732,158) | (6,224,551,502) |
(50,000) | (612,500) |
(3,597,855,052) | (3,296,249,470) |
(4,887,549) | (2,542,314) |
(395,363,442) | (391,137,337) |
(27,0 I6,159) | (51,305,777) |
(2,117,456) | (10,194,494) |
(100,000,000) | |
4,082,108 | 8,120,06 7 |
230,651,218 | |
7,768,125 | 12,258,200 |
(6,895,165,814)
(117,283,382)
(5,059,775,064)
189,529,214
(229,983,75 2) | (220,004,911) |
(7,353,669) | (7,135,375) |
79,522,045,150 | 64,253,599,294 |
(74,937,473,31 I) | (61,773,457,606) |
Payments of lease rentals against right of use assets 19
Net cash generated from financing activities | 4,347,232,418 | 2,253,001,402 | |
Net decrease in cash and cash equivalents | (2,665,216,778) | (2,617,244,448) | |
Cash and cash equivalents at beginning of the year | (2,814,862,880) | (197,618,432) | |
Cash and cash equivalents at the end of the year | 30 | (5,480,079,658) | (2.814,862,880) |
Issue of certificates of in vestment (musljai"aka) Repayment of certi ficates of investment (musliaraka)
The an nexed notes from 1 to 44 form an integral part of these financial statements.
For Habib Metropolitan Modaraba Management Company (Private) Limitea (Modaraba Management Company)Chic f Executive Office r Chief Financial Otfice r Director Dire ctor
FIRST HABIB STATEMENT OF CIMNGES IN EQUIWYFOR THc YEAR ENDED JUNr. 30, 2025
Capital reserves Revenue reserves
Certificate Certificate Amalgamation Statutory
cggitat premium Reserve reserves General reserves
{Rupees)
Unappropriated
Totnl equity
Balance as at July 01, 2023 | 1,108,305,000 | 378,000,000 233,003,899 1,284,362,639 | I,340,000,000 | 264,204,662 4,607,876,200 | |||
Total comprehensive income for the year | 688,212,130 688,212,130 | ||||||
Profit distribution for the year ended June 30, 2023 | |||||||
at Rs. I/- per certificate Transfer from unappropriated profit to general reserves | 490,000,000 | (221,661,000) t22l,C6l,000) (490,000,000) | |||||
Balance as it June 30, 2024 | 1 3 S | 378,000,000 233,003,899 1,284J62,639 | ,1,830 000.000 | 240,755,792 5,07d,d27t330 | |||
Balance as at 3uly 0t, 2024 | 1,108,305,000 | 378,000,000 | 233,003,899 | 1,284,362,639 | I ,830,000,000 | 240,755,792 | 5,074,427,330 |
Total comprehensive income For tfie year | 897,211,660 | 897,21 I,660 | |||||
Profit distribution for the year ended June 30, 2024 | |||||||
at Rs. 2. I/- per certificate | (232,744,050) | (232,744,050) | |||||
Transfer from unapproprieted profit to general reserves
Balance as at June 30, 2025
1, 8/05,000 378.000,000 233,003,899 t,284/62,639 G,830,000,000
905,223,402 5,78B,8§4,940
The annexed notes from 1 to 44 form en integral part of these financial statements.
for Habib Metropolitan Modaraba Itenagement Company (Private) limited (Modaraba Meqageuseat Cozagaqy)
Chie f Executive Office r Chic f Financial Otfice r