The General Manager
First Habib Modaraba
(An Is la m ic F inan cial Institution)
(Managed by: Habib Metro Modaraba Manage »b/2143/2026
August 06, 2026
Pakistan Stock Exchange Limited, Stock Exchange Building,
Stock Exchange Road, Karachi.
Subject: Dear Sir,
Financial Results for the year ended June 30, 2026.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 06, 2026 at 11:00 a.m. at 6" Floor, HBZ Plaza I.I. Chundrigar Road, Karachi has approved the Annual Audited Financial statements of First Habib Modaraba and recommended the following;
-
Cash dividend
A final cash dividend for the year ended June 30, 2026 at Rs. 2.25 per certificate i.e 22.5%.
- Bonus shares
- Right shares
- Any other entitlement/corporate action
Any other price-sensitive information
NIL NIL NIL NIL
Financial Results
In Compliance of PSX Notice PSX/N-062, the financial statements of the Modaraba are attached as Annexure and include the following:
Statement of Financial Position
Statement of Profit and Loss & Other Comprehensive Income
Statement of Changes in Equity
Statement of Cash Flows AnnualReview Meeting
The Annual Review Meeting will be held on October 07, 2026 at 3:00 p.m. at Karachi.
The Certificate Transfer Books of the Modaraba will be closed from October 01, 2026 to October 09, 2026 both days inclusive). Transfers received at the Modaraba's certificate registrar at "CDC Share Registrar Services Ltd, CDC House, 99-B, Block - B, S.M.C.H.S, Main Shahrah-e-Faisal, Karachi, at the close of business on September 30, 2026 will be treated as in time for the purpose of above entitlement to the transferees.
Annual Rev' . Me
Yours Sinc rely,
e sin Abbas
The Annual Report of the Modaraba will be transmitted through PUCARS at least 21 days before holding of eting.
Company Secretary
C.C The Executive Director / HOD
Offsite-11 Department Supervision Division, Securities and Exchange Commission ofPakistan 63, NIC Building, I innah Avenue, Blue Area, Islamabad.
6th Floor, HBZ Plaza, (Hirani Centre) I.I. Chundrigar Road. Karachi-74200
UAN: J11 -346-346 TEL: 32635949-51
E-MAIL: fhm@habibmodaraba.com WEBSITE: https://www.habibmodaraba.com
HMMM is a subsidiary of Habib Metropolitan Bank
HABIBNtETRO
Modaraba Management
FIRST HABIB MODARABA
STATEMENT OF FINANCIAL POSITION
AS AT JUNE 30, 2026
ASSETS
NON-CURRENT ASSETS
2026 2025
Note ----- (Rupees) ---- --
Intangible asseis | 6 | 3,848,770 7,9 |
Diminishing musharaka financing | 7 | 24,664,586,083 20,557,3 |
Long term deposits | 8 | 1,920,300 I |
Long term investments | 9 | 179,475,000 446,5 |
Deferred tax asset - net | 10 | 352,572,355 379,0 |
Property and equipment
CURRENT ASSETS
Short term investments
Current portion of diminishing nJusltaraka financing Diminishing Musharaka financing installments receivable Advances and prepayments
Other receivables
Cash and bank balances
5 88,838,077
25,291,240,585
273,780,160 | 312,272,373 |
12,556,008,508 | 10,246,759,431 |
442,367 | 879,700 |
3,010,093,886 | 1,868,656,118 |
17,672,184 | 24,562,024 |
577,857,800 | 8I 5,309,565 |
l1 7
12
13
14
15
88,484,327
52,753
92,328
,515,300
75,160
24,590
21,480,944,458
TOTAL ASSETS
EQUITY AND LIA BI LITIES CAPITA L .4ND RESERN'ES
Authorized certificate capital 140,000,000 of Rs. 10/- each
16,435,854,905 13,268,439,211
4 1,727,095,490 34,749,383.669
(2025: 140.0(1(1,000 certificates of Rs. 10/- each) | 1,400.000,000 | ||
Issued, subscribed and paid-up certificate capital | 16 | 1,108,305,000 | 1, 108,305,000 |
Reserves | 17 | 5,122,720,320 4,630,589,940 | |
Certificate holders' equity | 6,231,025,320 5,738,894,940 | ||
SURPLUS ON R E'A LUA TION OF INVESTMENTS | 18 | 30,014,336 45, I 75,598 | |
NON-CURREE T I.I ABI L ITIES | |||
Liability again.st right of use assets | 19 | I 3,630,444 I 5,869,077 | |
CURRENT LL4BlLlTIES | |||
Certificates of' investment (musharaka) | 20 | 22,261,256,971 | 20,773,092,578 |
Current maturity of liability against right of use assets | 19 | 13,243,656 | 8,1 60,336 |
Unearned diminishing musharaka installments | 34,229.470 | 12,265,316 | |
Advance diminishing musharaka installments | 14,989,358 | 14,329,272 | |
Trade and oilier payables | 21 | 1,010,174,936 | 894,090,781 |
Profit payable on certificates of investment (musharaka) | 464,83 7,630 | 274,874,695 | |
Running Musharaka | 22 | 10,932,008,831 | 6,295,389,223 |
Profit payable r n running musharaka | 2J9,42 1.337 | 124,467,679 | |
Unclaimed dividend | 49,615,068 | 46,745,395 | |
Dividend payable | 10,736,900 | 9,150,852 | |
Taxation-net | 411,9 I 1,233 | 496,877,927 | |
35,452,425,390 28,949,444,054 | |||
TOTAL EQL. ITS .4h 11 LL4BILITIES | 41,727,095,490 34,749,383.669 | ||
CONTINGENT:iES Ann cOxMITMENTS | 23 | ||
The annexed notes front 1 to 46 form an integral pan of these financial statements. | |||
For Habib Metropolitan Modaraba Management Company (Private) Limited
(Mob araba Management Company}
Chief Executive Officer
Chief F'inancial Officer Director
Director
FIRST HABIB MODARABA STATEMENT OF PROFIT AND LOSS AND OTHER COMPREHENSIVE FOR THE YEAR ENDED JUNE 30, 2026 | fNCOME | ||
Note | 2026 - (Rupees) | 2025 ---- | |
Income from diminishing musharaka financing | 24 | 4,850,542,097 | 4,971,815,210 |
Reversal / tprovision) in respect of diminishing musharaka financing | 7.3 | 41,547,483 | (124,927,933) |
Reversal in respect of diminishing musharaka financing | |||
installments receivable | 12.1 | 2,754,891 | 12,949,586 |
Modification loss in respect of diminishing musharaka financing | 7.3.1 | ( 11,361,276) | |
25 | (336,0 12,882) | (298,249,349) |
4,547,470,313 | 4,561,587,514 | |
26 | 224,788,767 | 226,142,004 |
4,772,259,080 | 4,787,729,518 |
Administrative expenses
Other income
Financial charges | 27 | (3,351, I 12,64 I ) | (3,322,357,382) |
Modaraba Management Company's remuneration | 21.3 | ( 142,1 I 4,644) | (I 46,537,214) |
Sales tax on Modaraba Management Company's remuneration | 2 I .4 | (21,3 i 7,197) | (21,980,582) |
Provision for Sindh Workers' Welfare Fund | 21.2 | (25,154,292) | (25,937,087) |
Profit before taxation and levy | 1,232,560,306 | 1,270,917,253 | |
Levy | 28.1 | (16,005,503) | (25,666,378) |
Profit before taxation | 1,216,554,803 | 1,245,250,875 | |
Taxation | 28.2 | (468,634,335) | (343,754,310) |
Profit after taxation | 747.920,468 | 901,496,565 | |
Other comprehensive income | |||
Items that will not be reclassified subsequently to statement of profit and loss | |||
Remeasurement of post retirement benefit obligation - net of tax | 2I .6(jj | (6,421,463) | (4,284,905) |
(Deficit) / surplus on revaluation of investments classified as 'at fair valuc through other comprehensive income' - net of tax | 18 | (15.161,262) | 10,672,231 |
(21,582,725) | 6,387,326 | ||
Total comprehensi ze income for the year | 726,337,743 | 907,883,891 | |
Earnings per certificate - basic and diluted | 29 | 6.75 | 8.13 |
The annexed notes from l to 46 form an integral part of these financial statements.
For Habib Metropolitan Modaraba Management Company (Private) Limited (Modaraba Management Company) Chief Executive Office r Chief Financial Oilice r Director DirectorFIRST ltABIB MODARABA STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED JUNE 30, 2026
Capital reserves Revenue reserves | |||||||
Certificate capital | Certificate premium | Amalgamation Reserve | Statutory reserves | €ieneral reserves | Unappropriated profit | Total equity | |
------------------------------------------------------------------- ------ (Rupees) ------------------------------------------- --. | |||||||
Balance as at July 01, 2024 | 1,108,305,000 | 378,000,000 | 233,003,899 | I ,284,362,639 | 1,830,000,000 | 240,755,792 | 5,074,427,330 |
Total comprehensive income for the year Profit distribution for the year ended June 30, 2024 at Rs. 2.1/- per certificate | - | - | - | - | 897,211,660 (232,744,050) | 897,211,660 (232,744,050) | |
Balance as at June 30, 2025 | 1,108,305,000 | 378,000,000 | 233,003,899 | 1,284,362,639 | 1,830,000,000 | 905,223,402 | 5,738,894,940 |
Balance as at July 01, 2025 | 1,I 08,305,000 | 378,000,000 | 233,003,599 | 1,284,362,639 | 1,830,000,000 | 905,223,402 | 5,738,894,940 |
Total comprehensive income for the year Profit distribution for the year ended June 30, 2025 | 741,499,005 | 741,499,005 | |||||
at Rs. 2.25/- per certificate Transfer from unappropriated profit to general reserves | - | - | - | 500,000,000 | (249,368,625) f500,000,000) | (249,368,625) - | |
Balance as at June 30, 2026 | 1, 108,305,000 | 378,000,000 | 233,003,899 | 1,284,362,639 | 2,330,000,000 | 897,353,782 | 6,231,025,320 |
The annexed notes from I to 46 form an integral pan of these financial statements.
For Habib Metropolitan Modaraba Management Company (Private) Limited (Modaraba Management Company)
Chief Executive Office r Chief Financial Oftite r
DirectorFIRST HABIB MODARABA CASH FLOW STATEMENT
FOR THE YEAR ENDED JUNE 30, 2026
2026 2025 Note (Rupees)CASH FLOWS FROM OPERATING ACTIVITIES
Cash 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 ACTIVITIESPurchase of tangible assets in own use Purchase of intangible assets
Purchase of investments
Proceeds from sale of tangible assets in own use Proceeds from sale of investments
Dividends received
41
3,709,027,840 | 4,362,722,387 |
(6,537,286,446) | (7,259,732,158) |
(405,000) | (50,000) |
(3,028,752,866) | (3,597,855,052) |
(10,861,261) | (4,887,549) |
(548,257,159) | (395,363,442) |
(21,216,797) | (27,016,159) |
(2,117,456) | |
- | (100,000,000) |
3,646,499 | 4,082,108 |
323,218,694 | - |
7,513,144 | 7,768,125 |
(6,416,534,892) (6,895,165,814)
Net cash generated from / (used in) investing activities CASH FLOWS FROM FINANCING ACTIVITIES | 313,161,540 | (I 17,283,382) | |
Profit distributed | (244,912,904) | (229,983,752) | |
Payments of lease rentals against right of use assets | 19 | (13,949,510) | (7,353,669) |
Issue of certificates of investment (musharaka) | 94,454,621,633 | 79,522,043,150 | |
Repayment of certificates of investment (musharaka) | (92,966,457,240) | (74,937,473,311) | |
Net cash generated from financing activities | 1,229,301,979 | 4,347,232,418 | |
Net decrease in cash and cash equivalents | (4,874,071,373) | (2,665,216,778) | |
Cash and cash equivalents at the beginning of the year | (5,480,079,658) (2,814,862,880) | ||
Cash and cash equivalents at the end of the year | 30 | (10,354,151,031) (5,480,079,658) | |
The annexed notes from 1 to 46 form an integral part of these financial statements.
For Habib Metropolitan Modaraba Management Company (Private) Limited(Modaraba Management Company)
Chief Executive Officer Chief Financial Oificer Director Director