First Paramount ModarabaPSX: FPRM

Financial Results for the First Quarter Ended 30 Sep 2025

Oct 28, 2025 at 3:20 AM UTC · Issued by First Paramount Modaraba

‌Our Ref: No: */ 2025 Date: 27 October, 2025

The General Manager Pakistan Stock Exchange {PSX) Stock Exchange Building Stock Exchange Road

Karachi

SubjeM: FINANCIAL RESULTS FOR THE PERIOD ENDED ON 30 SEPTEMBER, 2025

Dear Sir,

FIRST PARANOJNT

I}j,jI#A,fjABA

This is to inform you that the 8oard of Directors of the Paramount Investments Limited, the Managers of First Paramount Modaraba in its meetfng held on Monday, 27 Qctober, 2025 at 03:00 pm in the Board Room of First Paramount Modaraba, 1" Floor, 107 & 108, PECHS, Shahrah-e-Quideen, Karachi and via Zoom, has approved the unaudtted standalone and consolidated financial statements for the period ended 30'hSeptember 2025, as per following:-

CASf•I DIVIDEND: Nil
BONUS: Nil
RIGHT SHARE : Nil

The standalone and consolidated financial results of the Modaraba are attached.

The Quarterly Report of the Modaraba for the quarter ended 30th September 2015 will be transmitted through PUCARS separately and will also be available at FPM's website {https://www.fpm.com.pk) within the stipulated time.

Thanks & Regards,

for First Paramount Modaraba

Syed Mudassir Ali Company Secretary Encl: d5 dbove.

‌FIRST PARAMOUNT MODARABA

UNCONSOLIDATED CONDENSER ENTERZ34 STATEg4ENT OF FEstANCIAL POSTTTON (UN-AUDTTEO}

AS AT SEPTEMBER 30, 2025

ASsETs

Note

Un-audited Sep 30,

2025

NON-CURRENT ASSETS

Fixed asseM

2L181442

23,281,703

Intangibles asseL

133,335

t44,147

Long Term Investments

9,98O

9,980

Murahaha financing

44,074,545

19,403,574

Loan to employees

231,503

Lanr-term deposits

7,700

6g,512,505

43,078,607

CLiRRENT ASSEYS

Trac!e debtQrS

174,059,739

262,671,367

Stores in trade

26,941,311

12,475,079

Advances, prepayments and othef receivables

34,340,715

Short-term murabaha financing

4,791,668

Current portion of non-current asseLs

77,297,993

41,883,62y

Short-term deposit

256,8D0

256,800

Accrued profit

20S,957

70,332

Taxation - net

94,914,789

68,0g7,855

Shcrt Term Investment

23,837,23E

23,434,916

Crsh and bank balances

18,796,973

18,210,311

457,250,240

466,202,665

523,762,745

EQL*ETY AND LIABILITIES

500,281,272

Authorised certificate capital

J00,0o0,000 certificates of Rupees 10 each

400,000,000

!ssued, subscribed and pa‹d-up certificate capital

13,7B9,4z0 certificates of Rupees 10 each

137,884,193

Capital reserves

119,844,976

113,616,388

Revenue reserves

22,$g2,468

280,121,637

273,893,049

LZABELITIES

NON-CURRENT LIABILZTIES

Deferred income

10,763,290

3.362,9g8

Certificates of musharaka

12B,375,000

131,875,000

CURRENT MABILIT7ES

Creditors, Accrued & Other Liabilities Current portion of deferred income

23,674,524

9,650,30O

135,237,9B6

28,531,267

5,367,360

Current potion of certificates of musharaka

47,2S0,OD0

41,500,000

COM matured parties

2,B00,000

2,800,DOD

Accrued profit on certificates Of musharaka

2,507,754

3,331,368

unclamed profit distributions

18,620,240

1O4,502,818

100,150,235

TOTAL MABILIT1E5

243,641,1Q8

235,389,223

CONTINGENCIES AND COFIF4ITfRENTS

TOTAL EQUETY ANo LIABILITIES

523,762,765

5O9,2B1,272

Rupees

Audited 3un 30,

2025

Rugees

CERTIFICATE CAPITAL AND RESERVES

rector

The annexed notes From 01 to 10 form an inteqrai part of these financial 2atements.

Chief Financial Officer

FIRST PARAMOUNT MODARABA

UNCONSOLIDATMD CONDENSED INTERIM STATEMENT OF PROFIT AND LOSS (UN-AUDITED) FOR THE QUARTER ENDED SEPTEMBER 30, 2025

Three months ended Sep 30, Sep 30,

2025 2024

Note Rupees Rupees

Operating income	7	141,711,139	143,289,653
Operating expenses		(129,498,393)	(129,947,486)
(Provision)/Reversal for doubtful recoveries		Z00,000	360,103
		(129,198,393)	(129,587,383)
		12,512,746	3,702,170
Other income		1,5S0,141	2,056,899
Financial charges		(4,116,561}	{5,M7,181)
		9,946,326	10,11t,687
Modaraba Company's management fee		{994,633)	(1,011,169}
		8,951,693	9,100,518
Provision for Sindh Workers' Welfare Fund		(179,Q34)	(1820t0)
Profit before taxation		8,772,6S9	8,918,508
Taxation		(2544D21)	(2,586,367)
Profit after taxation		6,228,588	6,332,141
Earnings per certificate - basic and diluted		0.45	0.46
Modaraba financing

The annexed notes from 01 to 10 form an inteqral part of these financial statements.

For Paramount Investments Limited (Management Company)

D rector

Chief Financial Officer Chief Executive Officer Director

FIRST PARApIOUNT MODARABA

UNCONSOLIDATED CONDENSED INTEREI'4 STATEMENT OF COI'4PREHENSIVE 1HCOME tUN-AUDITED} FOR THE QUARTER ENDED SEPTEMBER 30, 2025

Three months ended Sep TO, Sep 3o,

2025 2024

Rupees Rupees

Profit after taxation

OTHER CONPREHENSIVE INCOME

Items that will not be reclassified to profit and loss account

Items that may be reclassified subsequently to profit and loss account

Total comprehensive income for the Period

6,228,58B

6,228,588

6,332,141

The annexed notes from 01 to 10 form an integral part of these financial statements.

-or Paramount Investments Limited (Management Company)

Chief Financial Officer Chief utive Officer DirgEtol'

FIRST PARAMOUNT MODARABA

UNCONSOLIDATED CONDENSED INTERIM CASH FLOW STATEI'4ENT (UN-AUDITED) FOR THE QUARTER ENDED SEPTEF4BER 30, 2025

Sep 30, 2025			SeD ZO, 2024
CASH FLOWS FROM OPERATING ACTIVITIES	NOte	Rupees		Rupees
Profit before taxation		8,772,659		8,918,508
Adjustments for non cash items:
Depreciation and amortization Gain on disposal		1,111,073		747,872 (3,158)
Provision for Sindh Workers' Welfare Fund	179,034		182,010
Financial charges	4,116,561		5,647,482
(Reversal of provision) / Provision for doubtful recoveries	(300,000)		(360,103)
Operating profit before working capital changes	s,1os,ssa 13,879,327		6,214,103 15,132,611
(Increase) / decrease in current assets
Murabaha financing - net	(55,248,674)		(13,478,207)

Loans to employees Stores and spares Trade debtors - net

Advances, prepayments and other receivables

Shon Term Investment

Accrued profit

(Decrease} / increase in current liabilites Deferred income

Creditors, accrued and other liabilities Net cash generated from operations

Financia) charges paid

Tax (paid) / refunded - net

Net cash generated from operating activities

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of fixed assess

Sale proceed on disposals of fixed assets

Netcash(osedin)

CASHFLOWS FROMFIuANCINGA IVITTES

Cenificate of Musharaka - issuance Certificate of Nusharaka - redemptions

Prost paid to certificates of Nusharaka (CON) holder Profit distributed to Certificate holders

Net cash used in financing activities

Net increase in cash and cash equivalents

Cash and cash equivalents at beginning of the year

Cash and cash equivalents at end of the Period

54,000

(14,166,232)

88,63.1,628

(6, s?I,728) (402,Z19)

(135,625)

11,68Z,242

(5,035,777)

32,667,842

(3,392)

(29,391,005)

3273445

4,425,OOO

(2,175,OOO}

(4,936,783)

(2,686,783)

586,662

18,210,311

18,79b,973

54,000

(1,393,857)

3,692,097

(17,774,453)

(736,247)

12,429

(319,976)

(10,052,104)

(24,863,707)

(4,466)

ts,008,gs2)

(3Z,877,0S5)

(4,906,7 g

5,000

(4,901,798)

6,875,000

(4,150,000)

(6,044,461)

(104,494)

(3,423,955)

(41,202,808) 47,1tS,B06

5,912,998

For. aramount Investments Limited

ement Company}

chie xecutive O

Direct r

ireCtofi

The annexed notes from 01 to 10 form an integral part of these financial statements.

Chief Financial Officer

FIRST PARAMOUNT MODARABA

UNCONSOLIDATED CONDENSED INTERIM STATEI IENT OF CHANGES IN EQUITY fUN-AUDITED) FOR THE QUARTER ENDED SEPTEMBER 30, 2025

Balance as at 01 3uIy 2024

Rupees Rupees

Issued,	Reserves
	t	Capital		Revenue
subscribed and paid up certificate capita					Total
	Merger reserve	Statutory reserve	Total	Unappropriated profit

137,884, 193 1,935,160

Rupees 87,7B3,026

Rupees 89,718,187

Rupees Rupees

22,392,468 2‹s,s9 ,g4g

Total comprehensive income:

Profit after taxation

other comprehensive income

Transferred to statutory reserve @ 100%

6,332,141

(6,332,141)

6,33Z,141

Balance as at 30 September 2024

Balance as at July 2025

z37,884,193 1,935,160 94,11S,167 96,0SO,328 22,392,468 256,326,989

137,884,193 1,935,160 111,681,228 i23,616,3C8 22,3sz,4sa 2 ,ass,049

Total comprehensive income:

Profit after taxation - - -

- b,228,588

6,228,588

Other comprehensive Income - -

- - - - 6,228,588

Transferred to statutory reserve @ 100% - - 6,228,588 6,228,588 (6,228,588)

6,228,588

ealance as at 30 September 2025 137,884,193 1,935,160 117,909,8t6 119,844,976 6 2BO,121,637

The annexed notes from 01 to Ip form an integral part of these financial statements.

(management Company)

chief Executive Officer

irector

For Paramount Investments Limited

Chief Financial Officer

‌FIRST PARAt€OUNT NODARABA

CONSOLIDATED CONDENSED ENTERING STATE 'IENT OF FINANCIAL POSITION (UN-AUDITED)

AS AT SEPTEMBER 30, 2025

ASSETS

NON-CURRENT ASSETS

Note

Un-audited Sep 30,

2025

Rupees

2025

Rupees

Fixed assets Intangibles assets Murabaha financing Loan to employees Lorig-*erm deposits

22,181,442

133,335

23,281 ,703

144,147

19,403,574

231,503

7,700

CURRENT ASSETS

66,502,525

43,068,627

Trade debtors

174,059,739

262,671,367

Stores in trade

26,941,311

12,475,079

Advances, prepayments and other receivables

39,472,520

34,956,461

Short-term murabaha financing

4,791,66B

Current portion of non-current assets

77,Z97,993

41,883,622

Short term deposit

256,800

Accaed profit

70,332

Ta›‹ation - net

94,915,152

68,067,855

ShurtTermInvestment

23,837,235

23,434,916

Cash and bank balances

1B,806,481

is,9g4,s47

455,793,188

1G7,b02,647

522,295,713

510,671,274

EQUITY AND LzAB3LZT1ES

CERTIFICATE CAPITAL AND RESERVES

Authorised certificate capital

400,00D,0D0 certificates of Rupees 10 each

400,DOO,D00

400,000,000

Issued, subscribed and paid-up certificate capital

137,884,193

Capital reserves

119,321,621

113,095,758

Revenue reserves

22,392,468

EquiLy attributable to certificate holders of the holding company

279,598,282

Z73,372,419

Non-controlling interest

{567)

(ssg)

Totalequiry

279,597,715

273,371,861

MABILITIES

NON-CURRENT LIABILITIES

Deferred income

Certificates of musharaka

10,763,290

128,375,000

3,362,p88

131,875,000

139,138,290

135,237,988

CURRENT LIABILITIES

Creditors, Accrued & Other Liabilifies

Current maturity of deferred income

Current mzturitv of certificates of musharaka

22,731,414

47,250,000

30,442,4S7

5,367,360

41,500,000

Certificate of musharaka - matured and payable

2,B00,0O0

2,800,000

Accrued profit on certificates of musharaka

Unclaimed profit distributions

2,507,754

18,620,240

3,331,36B

18,620,240

TOTAL LIABILITIES

CONTINGENCIES AND CONMITfi'1ENTS

103,559,708

242,fi97,998

102,061,425

237,299,413

TOTAL EQUITY AND L3ABILITIE5 522 295 713

The annexed notes from 01 to 10 form an integral part of these financial statements.

For Paramount Investments Limited

Management Company)

510.671,274

Chief Financial Officer Chie utive Officer Dire or

FIRSTPARAMOUNT MODARABA

CONSOLIDATED CONDENSED INTERIM STATEMENT OF PROFIT AND LOSS (UN-AUDZTED) FOR THE QUARTER ENDED SEPTEMBER 30, 2025

Three months ended

Sep 30, sep 30,

*025 2024

Note Rtfpees Rupees

Operating income

141,711,139

143,289, bS3

Operating Cost

Operating expenses

(129,503,458}

(129,947,486)

(Provision)/Reversal for doubtful recoverfes

360,103

(129,203,458)

(129,587,383)

22,507,6B1

13,702,270

Other income

1,551,012

2,056,899

Financial charges

(4,116,705)

(5,647,482}

9,941,988

10,111,687

Modaraba Company's management fee

(994,199)

(1,011,169)

8,947789

9,100,518

Provision for Sindh Workers' Welfare Fund

(3.78,956)

(182,010)

Profi before taxation

8,768,833

8,918,508

Taxation

(2,542,962)

(2,586,367)

Profit after taxation

6,225,872

6,332,141

Share of profit attributable to : Certificate holders of the Pladaraba hlon-controlling interest

6,225,863

(9}

6,225,854

6,332,141

Earningsper certificate - basic and diluted 0.45 The annexed notes Tom 01 to 10 form an integral parc of these financial statements.

management Compan

chief Ex cutive Offi

For Paramount Investments Limited

Chief financial Officer

0.46

FIRST PARAMOUNT MODARA8A

CONSOLIDATED CONDENSED INTERIM STATEI IENT OF COMPREHENSIVE INCOME (UN-AUDITED) FOR THE QUARTER ENDED SEPTEMBER 30, 2025

Three months ended Sep 30, Sep 30,

2025 2024

Rupees Rupees

Profit after taxation

6,225,872

6,332,14I

OTHER CONPREI•I5NSIVE INCOf•IE

Items that wiI! not be reclassified to profit and loss account

Items that may be reclassified subsequently to profit and loss account

Other comprehensive income for the Period Total comprehensive income for the Period

6,225,872

6,332,141

The annexed notes from 01 to 10 form an integral part of these financial statements.

For Paramount Investments Limited (Management Company)

irector

Chief Financial Officer Chief Executive Officer Dir ctor

FIRST PARAMOUNT MODARABA

CONSOLIDATED CONDENSED INTERIM CASH FLOW STATEMENT (UN-AUDITED)

FOR THE QUARTER ENDED SEPTEM8FR 30, 2026

CASH FLOWS FROM OPERATING ACTIVITIES

Profit before taxation

Adjustmentsfor non-cash items: Depreciation and amortization

Gain on disposal

Provision for Sindh Workers' Welfare Fund Financial charges

(Reversal of provision) / Provisiofnor doubtful recoveries

Operating profit before working capital changes

(Increase) / decrease in current assets Murabaha financing - net

Loans to employees Stores and spares Trade debtors - net

Advances, prepayment and other receivables

Short Term Investment

Accrued profit

{Decrease) / increase in current liabilities Deferred income

Creditors, accrued and other liabilities Net cash generated from operations

Financial charges paid

Tax (paid) / refunded - net

Net cash generated from operating activities

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of fixed asses

Sale proceed on disposals of fixed assets

NeC cash (used in)

CASH FLOWS FROM FINANCING ACTIVITIES

Cenificate of Plusharaka - issuance Certificate of Musharaka - redemptions

Profit paid to certificates of Mushraka (CON) holder Profit distributed to Cenificate holders

Net cash used in financing activities

Net increase in cash and cash equivalents Cash and cash equivalents at beginning of the year

Cash and cash equivalents at end of the Period

Note

Sep30, 2025

Rupees

8,768,833

1,111,073

178,956

4,116,705

(ZOO,O0O)

5,106,734 13,875,567

(SS,248,b75)

54,000

(14,166,232) 88,611,62B

{4,489,077)

(402,319)

(135,62S)

11,683,242

(7,8B9,999}

31,892,511

(3,536)

(29,390,258)

4,42S,OOO

(2,175,000)

(4,936,783}

(2,68b,783)

(c88,066}

18,994,547

18,806,481

Sep 30,

2024

RuDees

8,918,622

747,B72 (3,158)

182,010

5,647,568

(360,103)

6,214,189

t5,132,gM

(1?,478,207}

54,000

(1,393,857)

3,692,097

(17,694,570)

(736,247)

12,429

(319,976)

(10,131,967)

(24,863,487)

(4,S52)

(8,oog,s32)

(32,876,971)

(4,906,798)

5,000

(4,901,798)

(104,494)

(3,423,955)

(41,202,724)

47,123,633

5,920,909

The annexed notes from 01 to 10 form an integral part of these financial statement.

For ram t Investments Limited

irector

anagement Company)

Chief fi-inancial Officec Chi ecutive OfF Dire or

FIRST PARAMOUNT MODARABA

CONSOLIDATED CONDENSED INTERIM SYATEMENT OF CHANGES IN EQUITY (UN-AUDITED) FOR THE QUARTER ENDED SEPTEMBER 30, 2025

Issued,

Reserves

Capital

Revenue

subscribed and

Non-controlling

paid up certificate capital

Interest

F'ferger reserve

Statutory reserve

Total

unappropri

ted

Balance as at 01 3ufy 2024

Rupees

137,8s<,›g3

Rupees

i,93S,i60

Rupees

87,615,345

Rupees

89,550,505

Rupees

22,392,468

(316)

Rupees

249,82G,850

Total Comprehensiviencome:

Profit after taxation

6,332,255

Other comprehensive incnme

6,332,255

G,332,25S

Transferred to statutory reserve @ t00%

6,332,255

(6,332,255)

Balance as at 30 September 2024

137,884,193

1,935,160

93,947,60D

95,882,760

(316)

28S,159,10S

Balance as at 3uIy 2025

1,935,160

111,160,598

113,095,758

22,392,468

(558)

273,371,B6I

Total comprehensive income:

Profit after taxation

6,225,863

(9)

d,225,854

Other comprehensive income

6,225,863

Transferred to statutory reserve @ t00%

s,zzs,863

6,225,863

(6,2zs,863)

Balance as at 30 September Z02S

137,884,193

1,935, 60

117,386,4g1

119,321,621

22,3+z,46B

The annexed notes from 01 tO 10 form an integralpart of these financial statements.

For Paramount Investments Limited (ManagementCompany)

Chief Financial Officer Chief utive officer

Direct r

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