Our Ref: No: PBX-225/2025
Date: 01 October, 2025
The General Manager Pakistan Stock Exchange (PSX) Stock Exchange Building
Stock Exchange Road Karachi
Subject: FINANCIAL RESULTS FOR THE YEAR ENDED 30 JUNE 2025
Dear Sir,
FIRST PARAMOUNT
NODARABAThis is to inform you that the Board of Directors of the Paramount Investments Limited, the Management Company of First Paramount Modaraba, in its meeting held on Wednesday, 01 October, 2025 at 3:30 PM in the Board Room of First Paramount Modaraba, 1sFloor, 107 & 108, PECHS, Shahrah-e-Quideen, Karachi, has approved the Financia( Results for the year ended 30th June, 2025, as per following:-
Due to recent restrictions imposed by Securities & Exchange Commission of Pakistan, vide S.R.O. 1547(I)/2022 dated 15 August 2022, F/rsf Paramount Modaraba cannot distribute dividends to its certificate holdersfor the year ended 30 June 2025.
- CASH DIVIDEND: Nil
BONUS: Nil
RIGHT SHARE: Nil
The financial results of the company are attached.
The Annual Review Meeting (ARM) of First Paramount Modaraba will be held on Monday, 28tOctober 2025 at 12:00 pm at PIMA House, 2 Floor, Room No: 201, PECHS, Block-2, PECHS Community Hall, Shahrah-e-Quideen, Karachi.
The Certificate Transfer Book of the Company shall remain closed from Monday, 27 October 2035 to Tuesday, 28 October 2025 tboth days inclusive) for the purpose of attending annual review meeting.
The annual report of the Company will be transmitted through PUCARS at least 21 days before the Annual Review Meeting.
Thanks & Regards,
For First Paramount Modaraba
Syed Mudassir Ali Company Secretary
Encl: as above.
Copy to:
Central Depository Company (CDC), Karachi. THK Associates (Pvt.) Ltd., Karachi.
FIRST PARAI IOUNT MODA$LABA
UNCONSOMDATED STATEi•1ENT0 F FINANCIAL POSITION
AS AT 3UNE 30, 2025
ASSETS | Note | 2O2S | 2024 | ||
NON-CURRENT ASSETS | |||||
r xed assets | S | 2Z,281,7O3 | 13,102,420 | ||
Intangible assets | 6 | 144,147 | 205,924 | ||
Long term investment | 7 | 9,9B0 | 9,980 | ||
I'4urabaha financing | 8 | 19,4D3,574 | 31,982,963 | ||
Musharaka financing | 9 | 12,000,000 | |||
Loan to employees | 10 | Z31,503 | 385,503 | ||
Long term deposits | 7,700 | 7,700 | |||
43,07B,607 | 57,694,490 | ||||
CURRENT ASSETS | |||||
Trade debtors | 11 | ||||
Stock In trade | |||||
Advances, prepayments and other receivables | 12 | ||||
Sholt term murabaha financing | 13 | ||||
Current maturity of non-current assets | 14 | ||||
Short term deposit | 15 | ||||
Accrued pront | 16 | ||||
Short term investment | 17 | ||||
Taxation - net | |||||
CaSh and banK balances | 18 | ||||
466,202,665 | 416,TJ9,877 | ||||
TOTAL ASSETS | 2 | 473,814,367 | |||
EQUITY AND MABt1ITIES | |||||
CERTIFICATE CAPITAL AND RESERVES | |||||
Authorised ceroficate capital | |||||
40,000,000 (2024: 25,000,000} certificates of Rupees J0/- each | 0 | 250,000,000 | |||
Issued, subscribed and paid-up certificate capital | T9 | 137,884,193 | 37,88'1',t93 | ||
Capital reserves | 20 | 113,616,388 | 89,718,187 | ||
Revenue reserves | 2Z,Z92,468 | 22,392,468 | |||
273,B93,049 " | 249,W,848 | ||||
L4ABZLITfES | |||||
NON-CURRENT LIABILITIES | |||||
Deferred income | 21 | 3,3gZ,9Ba | 7,962,631 | ||
Cenificates of musharaka | 22 | 131,875,0o0 | 121,150,000 | ||
135,Z37,988 | 12^,112,634 | ||||
cuRRENT LjaBtLrriEs | |||||
Creditors, accrued and other liasilfes | 23 | 28,531,267 | tS,273,672 | ||
Current maturiL/ Of deferred income | 2) | 5,367,360 | ?,l39,248 | ||
Current maturt/ of certificates of musharaka | 22 | 41,5D0,000 | 47,250,000 | ||
Certificate of musharaka - matured and payable | 24 | 2,g00,OOO | 2,800,000 | ||
Accrued profit on cerhficates of musharaka | 3,331,36B | 3,5T4,280 | |||
UncJaimed profit distrlbUtionS | 18,620,2#O | 18,729,685 | |||
100,150,235 | P4,706,88S | ||||
TOTAL MAB1LITEE5 | Z35,Z88,223 | 223,819,519 | |||
TOTAL EQUITY AND MABILTTTES | 509,281,272 | 473,811,367 | |||
CONTINGENCIES AND COI'4fdITI•sENT5 | 26 | ||||
The annexed notes from 1 to 42 form an integral part of these unconsolidated financial statements. | |||||
- (Rupees) -
Z6Z,671,367 | 175,324,983 | |
12,475,079 | 24,102,663 | |
23,126,655 | ||
4S,883,6Z2 | S7,63B,094 | |
256,800 | 1,863,994 | |
70,3Z2 | 1,532,576 | |
23,434,9¥6 | 21,308,669 | |
6B,067,855 | 6s,I06,437 | |
3.8,2t0,311 | 47,115,806 |
For Paramount Investments Limited (Management Company}
CN1£F FINANCIAL OFFICER
CHSEG EXECUTIVE OFFICER
Certified o
True Copy 0
§0fij§gfi'{ @fgJ0f} @
DIRECTOR
DIRECTOR
FIRST PARAMOUNT fdODARABA
UNCONSOLIDATED STATEMENT OF PROFIT AND LOS5 AhlD OTHER COMPREHENSIVE INCONE
FOR THE YEAR ENOED 3UNE 30, 20z5
Note | 2025 - (Rupees) - | 2024 | ||
Income from trading operations | 27 | 81,790,354 | 88,983,786 | |
Income from murabaha financing | 21.1 | 13,23L119 | 14,06S,787 | |
Income from diminishing musharaka financing | - | 108,939 | ||
Income from musharaka financing | 2,291,391 | 1,993,135 | ||
97,313,864 | 105,151,647 | |||
Administrative and operating expenses | 28 | (46,017,578} | (45,534,739) | |
Provision far doubtful recoveries - net | (511,514) | (155,660) | ||
Other income | Z9 | 7,619,110 | B,194,969 | |
58,403,883 | 67,656,217 | |||
Financial charges | 30 | (22,145,656) | (21,5S6,893) | |
36,258,226 | 46,099,324 | |||
Modaraba Management Company's remuneration | 31 | (3,635,823) | (4,609,932) | |
32,632,403 | 41,489,392 | |||
Provision for Sindh Workers' Welfare Fund | (652,648} | (829,788) | ||
Profit before levy and taxation | 31,979,755 | 40,659,604 | ||
Levy | 32 | 1 69 | (621,877) | |
Profit before taxation | 31,26a,064 | 40,037,727 | ||
Taxation | 32 | (7,359,863} | (1,495,250} | |
Profit aner taxation | 23,898,201 | 28,542,477 | ||
Dther comprehensive income | ||||
Total comprehensive income | 8 1 | 28,542,477 | ||
Earnings per certificate - basic and diluted | 33 | 1.73 | _ 2.07 | |
The annexed notes from 1 to 42 form an Integral part of these unconsolidated financial statements.
For Paramount investments Limited (I Management Company)
CA WS FINANCIAL OFFICER
CB1Er EXECUTIYE OrFECER
DIReCTOR
True Copy p
FIRST PARAI•fOUNT MODARABA UNCOflE0LIDAT5D CASH FLOW STATEf'gENT FOR TNE YEAR ENDED 3UNE 3D, 2025
CkSH *LOWS FROt'4 OPERATING ACTIVITIES
Profit before levy and taxation
Adjustments f'or non-cash iCems:
Depredation and amortization Cain on disposal of fixed 3ssetS
Provision for Sink h V/orkers' Welfare Fund Financial charges
Provision for doubtful recoveries - net
8ad dedts vriften off
2025
Note (Rupees} --
4,28lg97 | 2,369,720 |
t1,ss t,3az) 652,648 | (367,952) 829,788 |
Z1.5S6,893 | |
511,S14 | 1S5,660 |
3,730,866 |
28
30
3034
40,659,609
28,274,977
Decrease / (increased n current assecs
hurabaha financing - net
Diminishing rusharai‹a financing - net
MuSharaka ñnancing - net F1odaraba financing - net Stock in made
Trade debtors
Advances, prepayments and other receivaDies
Short term deposit
Receivable frcm Al-burq associgfes Short term investojent
A.CCrued profit
Increase / (decrease} in current Iiabilities Creditors, accrued and other tiab‹l ties
11,617,584
{10,624,060)
225,0d0
12,6D4,9d7
39,803,857
683,7M
3,000,000
l3,676Q59 (87,V4,30} l4,B0,S09 2,342,BO6 l,221,SSQ
(S37,25dJ 96<,036
5,34S,816
deferred income (3,817,616)
Cash generated from operations Financial charges p8id
Recovery from cans to employees Levy and income tax paid
Net cash generated from operati•e•Oivities
CASH FLOWS FRON IltVESTJNG Actzvmzs
Purchase cf fixed assets Investment in subisdiary
Saie proceed on d:sposais of fixed assets
Net cash used in inverting activities
13,229,351
(10,034]
Z26,0O0 (13,042,9?2)
£,40Z,345
([S027Z6I) | (3,634,427) (9,980) b90,0O0 |
0
60,437,S1S
(52,836) 173,^.9S
(28,642,93$) 32,915,742
(2,954,407)
CASH FLOWS FROI*I FINANCING ACTIVITIES
Certificates of rTusharaka - issuance
Cersricares of Nusharaka - redemption
Paid against matured certificate of musharaka Profit paid to certifiCafes of f4usharaka holders Profit d:stributed to certificate vokters
Net cash u5ed in financing activities
22
26,37*,000 | |
(30,725,O00) | {25,475,000) |
- | (7,050,000) |
(22,318,5Z4} | (21,603,4T'i) |
(109,445} | {505,t70' |
(17,452,9?9) (28,2S8,S8°i)
Net (decrease) / increase in cash and casH equivalents Cash and cash equivalents at heginnrng of the year
Cash and cash equivalents at end of the year
The annexed notes from to 4â form an integral part of these unconsolidated financial atemenLs.
t+^•9O5495)
47,11S,gg6
18 18,J10,3I1
702750
46,413,056
47i1S,B06
For Paramount Investments Limited (Management Companys
CHIEF F2NAHCIAL OFFICER
CHIEF EXECUTIVE O
O // j
True Copy 0 tl' SDN
DtRECTOR
Dt#ECTOR
FIRST PARAPtOUNT NODARABA
UNCONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 7UNE 30, 2025
Issued, subscribed and paid up certificate capital | Reserves | Total | |||
Capital | Revenue | ||||
Merger reserve | *Statutory reserve | Total | Unappropriated profit | ||
balance as at July 1, 2023 | 37,884,t93 | 1,935,160 | 59,240,550 | 61,175,710 | 22,392,46B | 221,452,371 |
Profit after taxation Other comprehensive income | Z8,s42,O77 | 28,b92,477 | ||||
Total comprehensive income for the year | 28,542,477 | 28,542,477 | ||||
Transferred to statutory reserve @ 100% | 28,542,477 | 28,542,477 | (28,592,477) | |||
Balance as at 3une 30, Z024 | T37,884,193 | 1,93S,16D | 87,783,027 | 89,718,187 | 22,J92,468 | 249,994,848 |
Profit after taxation | - | - | - | z3,B98,2O1 | I3,B98,2O1 | |
Other Comprehensive income | ||||||
Total comprehensive income for the year | - | 23,898,2o1 | 23,898,201 | |||
transferredto statutory reserve @ 100% | - | - | 23,898,2Ot | Z3,898, O1 | (23,898,201) | - |
Balance as at 3une 30, 2025 | 137,884,I93 | 1,935,160 | 111,681 ZZ8 | 113,616,388 | 22,392 468 | 273 893,049 |
"The statutory reserve represents profit set aside as required under the Modaraba Regulations, 2021 for Modarabas as issued by the Securities and Exchange Commission of
Pakistan.
The annexed notes from I to 42 form an integral part of these unconsolidated financial statement:s,
For Paramount Investments L"/ 7 (Nanagen1ent Compartg e ceniri a
V True Copy 0
CHIEF €INAHCML OFFtCER
CHTEF EXECUTIVE OFFICER
DIRECTOR DIRECT'OR
F2RST PARAf4OUNT HODARABA
CONSOLIDATED STATE tENT OF FtNANCIAL POSS'tION AS AT 3UNE 3g, 3025
ASSETS
NON-CURRENT AS•iETS
note
2025 2024
-------- (Rupaes} --------
¿,y g q$g¿Q
Intangible asseLs Nurabaha financing Nr/sharaka financing Loan to emptoYees Long term deposits
CURRENT ASSETS
Trade debtors Stock in trade
Advances, pregaYments and other rcCervadJes
?hort term murabaha financing Current maturity of non-current assets Shot term deposit
Accrued profit
Short term inves•"ment
Taxation ' net
Cash and dank balances
TOTAL ASSETS
EQUSTY AHD LIAB1LJTyES CERTIFICATE CAPITAL AND RESERVES
Authonse0 certificate capital
q0, ,000 (20*P. 25,000,000} CertificateosL Rupees 10/- each Issued, subscribed and paid-up certificate capital
Capital reserves Revenue reserves
Equity attributz0le to certificate holders of the Rotary company Non-controlJing interest
TotaJ equil:y
LIABILITIES
NOfJ-CURRENT LIABILITIES
DeFerreo i‹come Certificates of mushareka
CURRENT LIABILITIES
1edtors, accrued and other liabilities Carrrt matoriy of deferred income
Current marur Of certJfiCates of musharake Certificate of musharaka - matured and payable Accrued profit on certificates of musharaka Unclaimed proFt dfstriDUtionS
TOTAL MAB7MTTES
TOTAL EQUITY ANO Lt ABtLETEES CONTINGENCIES AND COf4¥d$T f4EffTS
Tre 6nnexed notes frpm I to 42 form an integral part of these onco0solidated financial statements
6 J3,2BI203
7 144,t47
8 z9,403&74
9 -
10
7,70Q
43,D68,627
262,671,367 | 175,3#4,983 |
12,475,079 | 24,102,663 |
34,956,461 | 23,i26,6g5 |
4,791,66B | |
#1,B83,622 | 57,638,094 |
356,800 | i,sE3,99# |
70,332 | 1,532,576 |
23,434,916 | 21,308,669 |
6g,067,g55 | 6‹t,106,437 |
18,994 547 | 47,123,633 |
11
12
14
15
16
j 7
18
467,6O2,6t7
510,671,274
4Oo,0O0,DDD
20 113,095,758
22,392,468
273,372,419
273,371,861
21 3,362,98B
22 131,87s,oOO
125,23 7,988
30,442,457 | 1S,#39,St7 |
5,3B7,3so | 7,139,24g |
41,500,OOD | 47,250,000 |
3,80O,OOD | 2,800,000 |
3,331,368 | 3,514,280 |
18,620,240 | I8,729,68fi |
23
21
22
24
25
SI0,671,27A _
223,98S,368
102,06t,425
26
13, t02,420
205,924
31,982,963
I 2,Q00,OOO
385,503
7,700
57,684,Sj 0
4!6,127,704
473,812,214
250,000,000
137,884, t93
89,550,505
22.392,d68
249,827, 166
(3 l6)
24°.,826,8S0
7,962,634
121,150,000
129,1J2,634
P4,872,730
'' '' rot Paramount Investments Limited
(GroupHanagemenL Companys
CH£5F FSNANCIAL Orr ICER
CH7E F £XECLfTIV
Trua Copy 0
D1RECYOR
FIRST PARAI'4OUNT MDDARABA
CONSOLIDATED STATEI' IENT OF PROFIT AND LOg•S ANO OTHER COf FPREHENSIVE IDCOf•'IE
FDR THE YEAR ENDED 3UNE 30, 2025
Note | 2025 - (Rupees) | 2024 -- ----- | |
Income from trading operations | 27 | 81,790,354 | 88,983,786 |
Income from murabaha financing | 21.1 | 13232119 | 14,065,787 |
Income from diminishng musharaka financing | 108,939 | ||
Income from musharaka financing | 2,291,391 | 1,993,135 | |
97,313,864 | tO5,151,6t7 | ||
Administrative and operating expenses | Z8 | (#6,372,156) | (45,702,749) |
Provision for doubtful recoveries - net | (511,514} | t155,660) | |
Other income | 29 | 7,620,843 | 8,19S,102 |
58,051,037 | 67,488,340 | ||
Financial charges | 30 | (32,146,001) | (21,S57,034) |
35,905,056 | 45,931,306 | ||
Modaraba Management Company's remuneration | 31 | {3,625,823) | (4,609,932) |
32,279,213 | 41,321,374 | ||
Provision for Smdh Workers' Welfare Fund (652,648) (829,788) | |||
Profit before levy and taxation | 31,626,565 | 40,491,586 | |
Levy | Z2 | (711,g91) | (621,877) |
Prolfit before taxation | 30,914,874 | 39,869,709 | |
Taxation | 32 | (7,369,863) | (11,495,250) |
Profit after taxation | 23,545,011 | 28,374,459 | |
Other comprehensive income | |||
Toal comprehensive income | 23,545 011 | 28,374,459 | |
Share of ptoflt attributable to : Certificate holders of the Plodaraba | 23,545,253 | 28,374,795 | |
Non-controlling interest | {242) | (336) | |
4 | 28.374,459 | ||
2.06
Earnings per certifiate - basic and diluted 33
The annexed notes from I to 42 form an integral part of these unconsolidated financial statements.
For Paramount investments Limited (Group Management Company)
CHGEF FZNANOA1 OFFICER
CHIEF EXECUTIVE
u^Rr
RfCTOR
DIRECTOR
Certified O Trus Copy 0
FIRST PARAFHOUNT H ODARABA CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR EHDED 3UNE 30, 2025
2O25
3024
CASH FLOWS FROIv OPERATING ACTIVITIES
Profit before levy and taxation
Adjustments For non-cash Items: Depreciation and amortization
Gain on disposal of fixed assets
Prason for Sindh Y'/oAers' Welfare ' anb
Financial charges
Prov'sion for doubtful recoveries - net Bad debt wrixen off
Note
28
30
-------- (RupeesJ --------
Decrease / (increase) in current asseD
f4urabaha financino - net
Diminishing Musharaka financing - net Nushar0ka financing - net
h'odaraba financing - net
Stock in trade
Trade des:ozs
Advances, p epaymEnts arid other receivables
?hort term deposit
Recei'v6bIe from Al-burq Associates
Short term 'nvestment
Started pruflt
Increase / (decrease) in current liabilities
Z6,047,518
4,281,697
(1,544,342)
652,648
22,146,001
511,5G4
2,369,720
{367,952) 629,78d
2i, 557,034
155,6o0
3,730,868
57,674,083
23,SI5O,873
13,D00,OOO t1,627,584 (1t,439,8O6)
(2,i26247} 1,462,244
26,275,11fi
69,766,76
39,803,857
683,7%
3,o0o,0oo l,822,2*4 13,67G,059
i4,64O,509 2,342,806
1,221,SSP (532254} 96?0Sé
CrediEors, accrued and other liabilities
Deferred :ncome
Cash generated from operations F'nanCiaI charges paid
Recovery 'tom loans to employees Levy and income tax paid
Net cash generated from operating activities
CASH FLOWS FROrI INVESTTNG ACYTvITIES
Purchase of fix2d assets Investment in subisdiary
Sele proceed on disposals of fixed assets
14,35D,292 5,5T T,660
(6,371,S34} (3,6I7,6J6J
14,006,105 60,43'i,503
(1O,379} (52,977)
326,OOD 173,9*8
2,178,754 31,9i 3,S89
‹ @,027,361)
2,172,SOO
(3,C34,4?7)
690,0?0
Net cash used in investing activities
CASH FLOWS FROf1 FINANCE NG
Certificates of Musharaka - issuance Cer ficates of Nusharaka - redemption
Paid against matur ed cerhficate of musharaka Profit paid fo certificates of Musharaka folders profit diSfr.buted to certificate holders
Met cash used in financing activities
Net (decrease} / increase in cash and cash equivalents
(iZ,B54861)
3s,yoo,ooo
26,375,000
(30,7g5,OD0}
(25,475,000)
(7,050,000)
(32,Z18,534)
(21,603,4a!i)
(505, 70)
z2
22
(17,452,9r9)
(28,IZ9,Q86)
(2,9hi,927}
(28,258,S95)
7T0,S77
Cash and cash equivalents at beginning of the year 46H13,O$6
Cash and cash equivalents at end of the year
The annexed notes from I to 42 form an integral part of these unconschdateJ 6nanciai statements.
t8 ia,sg<,s47
47,123, 6a3
For Paramount Investments Limited 'Group Management Company)
CHJGF FINANCIAL OEICER
CH7GF EXECM TIVE
DIRECTOR
DtRECTOR
4- Gertified O
A True Copy 0
FERST PARAMOUNT PFODARABA CONSOLIDATEDSTATEMEMTOFCHAMGESINEQUr[Y FOR THE YEAR ENDED JUNE 30, 2025
Issued, subscribed and paid up certificate capital
Reserves
Revenue
Non-controlling
Total
Merger reserve
*Statutory reserve
(Rupees)
Balance as at 4Ufy 1, 202J
Ordinary shares issue to non-controlling interest
137,884,193 t,935,160 59,2'10,550 61,175,710
22,392,46B
221,452,371
20 20
Profit after taxation
Other comprehensive income
Total comprehensive income for the year
Transferred to statutory reserve @ 100% Balance as at 3une 3D, 2024
Profit aRer taxation
Other comprehensive income
1"otaI Comprehensive ncome for the year
Transferred to statutory reserve @ 100°/a Balance as at 3une 30, 2025
28,374,795 | (336) | 28,374,459 |
28,374,795
- | - | (242) | 23,¿i45,011 |
- 28,374,795 28,374,79S t28,37',795) 137,8B4,193 1,935,160 87,615,345 89,550,505 22,392,468
- 23,545,253
- 23,S4S,Z53 23,545,253 (23,S2t5,2S3}
_ 13F,B84 193 1 935,160 111 160t598 113,095,758 22,392,468
(336) 28,374,459
(316) 249,826,850
(242) 23,545,011(558) J7337I,86I
*The staWtory reservreepresents profit set aside as required under the Modaraba Regulations, 2021 for Modarabas as issued by the Securities and Exchange Commission of Pakistan.
The annexed notes from 1 to 42 form an integral part of these unconsolidated financial statements.
CHIEF FINANCIAL OFFICER
For Paramount Investments " N
(Croup Management Com c.<•a
True Copy
CHIEF EXECUTIVE OFFICER &,