First Habib Modaraba
Corporate Briefing Session
2023-24
Presentation Outline
- Modaraba's Profile
- Operational Activities
- Significant Developments
- Financial Information
- Awards and Ratings Update
- Future Outlook
- Q & A Session
Brief profile of First Habib Modaraba
First Habib Modaraba (FHM) a subsidiary of Habib Metropolitan Bank, Limited, established in 1985. FHM completed 39 years of successful business operation and maintained its longstanding drive towards sustaining our position as leading Modaraba within NBFI and Modaraba sector of Pakistan.
With a track record of excellent performance of more than 3 decades is the success story of dedication and commitment to provide the investors a sound and continuous return.
Over the Years FHM has been continuously recognizing for its satisfactory results, good corporate
governance, best report culture and sound and stable credit rating.
Our commitment to enhance value for our stakeholders, driven though resilience of our business model and determination of our team members made us sound and leading Modaraba within the Modaraba sector.
Business Operations
Significant Development
Change of Face value of Modaraba Certificates
Face value of Modaraba Certificates has been changed from Rs.5/- to Rs.10/- on March 08, 2024 by reducing the number of certificates to half.
Financial Information
Financial Highlights For the Year 2023-24
- Profit before tax reached to Rs.1.19 billion highest since inception.
- Disbursement reached to Rs.15.2 billion highest in any year since business operations.
- All time high financing asset size of Rs.25.1 billion since business operations.
- First time Balance Sheet footing reached to around Rs.26.4 billion mark
- Fund mobilization through Deposits and fund lines reached to Rs.19.2 billion, again highest in any year since business operations.
- Profir after tax reached to Rs.690 million highest since inception.
Finance Book
touched to
Rs.25.1 billion
31%
Balance Sheet
footing
reached to
Rs.26.4 billion
29%
Disbursement
Rs.15.2 billion
41%
Business
Performance
Profit after
Tax
Rs. 690 million
33%
Fund
mobilization
reached to
Rs.19.2 billion
34%
Profit before
Tax
Rs.1.19 billion
55%
Key Financial Data of Two Years
(Rupees in Million)
Key Financial Data | 2024 | 2023 | Variance |
Total Assets | 26,410 | 20,540 | 28.58% |
Financing Assets | 25,126 | 19,785 | 27.00% |
Certificate Holders' Equity | 5,074 | 4,608 | 10.11% |
Certificate of Investment | 16,188 | 13,708 | 18.09% |
Profit Before Tax | 1,197 | 771 | 55.25% |
Profit After Tax | 690 | 519 | 32.95% |
Balance Sheet Footing
Millions | 30,000 | |||||||||||||
26,410 | ||||||||||||||
25,000 | ||||||||||||||
20,540 | ||||||||||||||
20,000 | ||||||||||||||
17,163 | ||||||||||||||
15,000 | ||||||||||||||
12,123 | ||||||||||||||
11,124 | ||||||||||||||
10,000 | 9,913 | |||||||||||||
5,000 | ||||||||||||||
0 | ||||||||||||||
2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
Profit before tax
Millions | 1,400 | |||||||||||||
1,197 | ||||||||||||||
1,200 | ||||||||||||||
1,000 | ||||||||||||||
800 | 771 | |||||||||||||
600 | ||||||||||||||
495 | ||||||||||||||
400 | 363 | |||||||||||||
320 | 317 | |||||||||||||
200 | ||||||||||||||
0 | ||||||||||||||
2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |||||||||
SIX YEARS AT A GLANCE
Financing Asset
30,000
Millions | 25,126 | |||||||||||||||
25,000 | ||||||||||||||||
20,000 | 19,226 | |||||||||||||||
15,903 | ||||||||||||||||
15,000 | ||||||||||||||||
10,775 | ||||||||||||||||
9,679 | ||||||||||||||||
10,000 | 8,722 | |||||||||||||||
5,000 | ||||||||||||||||
- | ||||||||||||||||
2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
Equity | ||||||||||||||
Millions | 6,000 | |||||||||||||
5,074 | ||||||||||||||
5,000 | 4,608 | |||||||||||||
4,000 | 3,968 | |||||||||||||
3,512 | 3,547 | 3,627 | ||||||||||||
3,000 | ||||||||||||||
2,000 | ||||||||||||||
1,000 | ||||||||||||||
0 | ||||||||||||||
2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |||||||||
First Habib Modaraba never skipped Dividend since inception
1 9 8 6
1 9 8 7
1 9 8 8
1 9 8 9
1 9 9 0
1 9 9 1
1 9 9 2
1 9 9 3
1 9 9 4
1 9 9 5
1 9 9 6
1 9 9 7
1 9 9 8
1 9 9 9
2 0 0 0
2 0 0 1
2 0 0 2
2 0 0 3
2 0 0 4
2 0 0 5
2 0 0 6
2 0 0 7
2 0 0 8
2 0 0 9
2 0 1 0
2 0 1 1
2 0 1 2
2 0 1 3
2 0 1 4
2 0 1 5
2 0 1 6
2 0 1 7
2 0 1 8
2 0 1 9
2 0 2 0
2 0 2 1
2 0 2 2
2 0 2 3
2 0 2 4
11%
13%
13%
13%
15%
20%
15%
18%
20%
10%
15%
10%
8%
20%
23%
23%
20%
21%
20%
15%
20%
20%
21%
20%
22%
20%
20%
22%
22%
22%
20%
20%
25%
28%
28%
28%
20%
20%
21%
DIVIDEND %
DELIVERING 39 YEARS OF UNBROKEN DIVIDEND PAYOUT HISTORY LAST 10 YEARS AVERAGE DIVIDEND PAYMENT 23.40% PER ANNUM | ||
DIVIDEND HISTORY | ||
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