Trust Modaraba
AI-Zomin Modaraba ManagenJenf [Private) £imited
FORM-3
September 24, 2025
The General Manager
Pakistan Stock Exchange Limited Stock Exchange Building
Stock Exchange Road Karachi.
Subject: FINANCIAL RESULTS FOR THE YEAft ENDED 30" JUNE, 2025
OF TRUE MODARABA
Deal" Sir,
X/e have to inform you that the Board of Directors of Al-Zamin Modaraba Management (PvF.) Ltd. (Management Company of Trust Modaraba) in their meeting held on 24'^ September, 2025 at 11:30 am at Karachi, has approved the annual audited accounts of Ti ust Modaraba for the period ended 30" June. 2025 and recommended the following for the certificate holders of Trust Modaraba:
-
CASH DIVIDEND
NIL
BONUS SHARES N I L
RIGHT SHARFS
N I L
-
ANY OTHER ENTITLEMENT / CORPORATE ACTION
N I L
- ANY OTHER PRICE-SENSITIVE INFORMATION
N I L
The financial results of the Modaraba are attached:
The Company shall give complete:
Statement of Profit or Loss including Earning / (Loss) Per Ceritficate for the current interim period and cumulatively for the current financial year to date with comparative Statement of Profit or Loss for the comparable interim periods (current and year-todate of the immediately preceding financial year);
Statement of Financial Position;
Statement of Changes in Equity; and
Statement of Cash Flows.
In case the consolidated Statements are applicable, it will be required to communicate the standalone along with consolidated Statements separately for the same period. In addition, if there is any observation/qualification of the auditors while reviewing the second quarterly accounts, the same should also be intimated.
KARACHI OFFICE : 10d- 0d, Kcis sam Courl, BC-9, Block ñ, Cliflon, Karachi Z5d00, Pakistan. (021 ) 358733d 9, ' Tel: 021-358733Z3, 358d7102, 3587dd51-52
LAHORE OFFICE : 320, 3rd Floor, Gorden Heighls, 8-Aibak BlocL, New Gurden To'zn, Lahore - Pakislan
Td: 0J2 359dl95Z, 359J1958
Emoil: in?o@tru sfmodarbn. com Web: https://www.frusTmodorbo.com (All Offices)
Page 1 of 2
Continuation Sheet
The Annual Review Meeting of the Company will be held on 22'd October, 2025 at 9:30 am at NBFI & Modaraba Association of Pakistan, 602, 6'° Floor, Progressive Centre, Shahrah-e-Faisal. Karachi.
The Share Transfer Oooks of the Company will be closed from 15'h October, 2025 to 22'" October, 2025 (boFh days inclusive). Transfers received at the M/s. Hameed Majeed Associates (Pvt.) Ltd., 1" Floor. HM House, 7 Bank Square. Lahore, at the close of business on J4'^ October, 2025, will be treated in time for the purpose of above entitlement to the transferees.
The Annual Report of the Company will be transmitted through PUCARS atleast 21 days before holding of Annual fteview Meeting.
Yours faithfully,
For, Trust Modaraba managed by
Al-Zomin Modaraba Management (Private) Limited
Hamida Aqeel
Company Secretary Encl: Financial ftesults
Page 2 of 2
TRUST MODARADA
STATEMENT OF PROFIT AND LOSSPOR 4'HE Y iMt ENDED JUNE 30, 2025
202S 2024
(fL<>
Note
••--••--••Rugees••--••- •-
Income From ijsts1I - net | 30 | 7,409,GI3 | 13,7t6,7t0 | |
Profit on n ucabaha £ciances | 3t | 3,884,52t | 4,23£,806 | |
profit on nJuslzatskslz finances | 32 | 50,645,697 | 45,2t9,84t | |
Dividend income on eqTty' investments | 33 | 799,000 | 660,570 | |
Gain / loss) on sic of short test investments Other income | 3# | 4,564,635 5,272,Z94 | (5,t97,370) 3,2G8,fi24 | |
72,575,660 | GJ,90't,'j8t | |||
Prorision For doubtM receivables Unrealized gairi on revaluation of financial assets at fair value | 35.I | (t24,413) | (2,893,314) | |
though profit or loss | t7.2 | 1,9I3,98'7 | J3,7t2,270 | |
Loss on disposal of assets classified as held for sale | (4,246,500) | |||
74,3G5,200 | G8,479,007 | |||
Operating expenses | (47,50t,€57) | (38Q17A00) | ||
z6,863,543 | 2 107 | |||
Modseebn Management ConJtany's Fee | 57 | (2,956,t02) | ||
ServIces sales tax on the Management Company's iemuneiajo n | 37.2 | (402,953) | (384,29J) | |
Voikeis' Ye1fate F•uud | 4.2t | (435,485) | (524,JT 2$ | |
Profit before taxation and levy | 33,798,'7S1 | 25,GfiG,210 | ||
Levy, niinimrun the and final taxc s | 38 | (t05,9l5) | (4,84t,691) | |
'ror‹ Iie£o*e taxation | 23,t.94,838 | |||
Taxation | 39 | (4,804,740) | - | |
Profit for the year efter taxation | 3 9 | 0 5 S | ||
Earnings per certificate • basic an‹1 diluted | 40 | 0.617 | 0.712 |
For Al-Zemin Modaraba Manage ment (Private) Limited
{Modaraba ñTana8cment Company)
r sWCUTivs orricEn
DIRECTORTKUSTMODARABh STATEMENT OP F'INANCIAL POSiTION
NE 30, 2025
ASSRTS
Ijarali assets F'ixed assets Intangible asset
Murcbaha finances
Diminishing musharakah financing Long term deposits
Long term investments
Deferred taxation - net
Totalnon-current asseie
Current assets
Current porñon of long teriri murabaha finances Current portion of diminishing musharakah finances MutabaIT• Enznces - secured
I]arah rented zecei*abIe* - secured
Musharakah finances {secured - considered good) Short term investments
Income tax refundable
J,009,498 | 907,964 |
Jl,179,368 | |
24,338,4G8 | |
7,269,660 | G,42,442 |
2,043,402 | 2,272,786 |
S,840,¥50 | 1t,G60,17O |
2,730,428 | 1,759,923 |
t3,697,088 | 12,828,t3 |
9,328,475 | t2,738,558 |
108,608 | 2Gg,532 |
Advances, prepayments and other ceceivzbles Cash and bank balances
Note
10
IO
1 4
15
IG
t7
IB
IS
2025 2024
(Restated)
-•••------Rupccs•-•••-----
3148673 | 74q50,750 |
24,:9177 | 22948S?4 |
5€t,6t2 | 948,940 |
g,S56,58t | G,tQ,GO |
144,tt7,878 | 129,420,831 |
294,G62 | 294,GG2 2,284,801 |
1,4:t6,970 | t,G39,J22 |
209,S7l,5S3 238,096,4G2
40,28z,404 74,237,249 25,380,000 3,387,7IS E0,t78,689 14,287,295 5,280,489 10,291,497 9,066,363 | 41,708,56d 45,244,359 25,400,000 3,788,925 t3,39575G 20,970,987 3,997,069 JI,3£5,248 ,384,0G1 |
Total cuzreqt asaeta | 192,39t,67t | t76254,9£G | |||
7o‹aI assets | 40t,963,224 | 414,351,428 | |||
EQUtw AND LIABIrrriRs IJABIL1TIB5 Non-current liabilities | |||||
DcFecred lcomc on n uzabaha | 20 | ||||
Customer*' long team security deposits | 21 | ||||
base liabilities against hight of use assets Total non•current liabilities | 22 | 19,4S8,S26 | 3,388,574 | ||
Current liabilities | |||||
Current portion of deferred iocome an murnbuhu | 20 | ||||
Cwc•nt eo‹tion of customecs' sec y dsposits | 21 | ||||
Cuzcent po¥bon of lease liabifiâes against figbt of use assets | 22 | ||||
Unclnimed profit disuibutions | 23 | ||||
Creditors, accrued and other liabilities | '24 | ||||
Cha‹iy payable | 2S | ||||
Wotat current liabilities | 33,748,751 | 41,569,t00 | |||
Total liabilities | 53,207,277 | 72,957,674 | |||
NETASSRTS | 5S 4 | 341,393,7S4 | |||
REPRBSENTRDDY CnI•lTAL AND RRSERVRS | |||||
Certitjcste capital | 2G | 298,000,000 | 298,000,000 | ||
lteseues | 27 | 50,755,947 | 47,265,849 | ||
348,755,947 | 345,2G5,849 | ||||
Unrealized loss on revduation of invcsunents | 28 | - | 3877,095 | ||
8 5 9 7 | l 3 3 5 | ||||
ConMgencies and commiWents | 29 | ||||
The annexed notes from 1 to 54 form an {ntcgcat part oF tltese £ctancizt statements. | |||||
foe AI•Zamin ftlodaraba 6lanngement (Private) Limited
(Modaraba Management Company)
CHART EWGUT VE OPPICER
D3RBCTOWCHIRF PJNANCfAL OFFICER
TRUST MODARABA
STATEMENT OF CHANGES IN EQUITYFOR THE YEAR AND )UNE 30, 2025
Cerddcate caps t | Capital cesewes | Revenue reserves | Total reserves | Total •q v | ||
Saruto reserve ote27%) | Accumulated losses |
------------ -------------------------------------(rupees]--------------------------.. _._
Balance as at] une 30, 2023 as previously stated Effect of restatement (note 5) | 298,000,000 | 8?,785,844 | (2,095,119) | (2,095,119) | 326,506,449 (2,095,\9) | ||
Balance as at Joe 30, fi023 - restated | 258,000,000 | 83,785,84J | (57,374,51 i) | 26,4t1,;3tj | 324,411,350 | ||
Net profit £or the year Other comprehensive income for the year | 20,854,5t 9 | 20,854,51 s | 20,854,519 | ||||
Totzt coral:ebeosive tacozae /or the year | 20,854,5 t9 | 20,854,51S | 20,854,5t9 |
Tzacsfcr to statutoz}' zesezve at 20% 4,170.904 (^.,170,904)
balance as st]ozie 30, 2024 - Yes ted
258.000,000 87,95G.748
Net pro6t for tbe year 18,390,098 18,390,098 Other comprehensive income for the year | 18,390,098 |
Total comprehensive income for the yeaz 18,390,098 18,390,098 | t8,390,098 |
Wzansle.•to statutory rese-we at 20% 3,678,020 (3,678,020) | |
Transactions with owners | |
Profit distcibuaon for the year ended June 30, 2024 @ Rs. 0.50 pe: certificate - (14,900,000) (14,900,000) | (14,900,000) |
Balance as at Jme 30, 2023 298.000.000 91.634.768 (40,878,821) 50.755.947 | 348,755.947 |
The aouexed ootes Noa T to 5 . Joao ao @te psct of t6ese 6aaztl statemeztts. |
Fox Al-Zamin Modaraba Management (Private) Limited
(Modaraba Management Company)
(4-0,690.899J
47.265f
34S.265,849
CHIEFYXECUYIVE OFFICER DIRECTOR RECTOR
CHIEF fTNANCIAL OFFICER
TRUST MODARABA STATEMENT OF CASH -LOV
roR voa ver zuDBD JUNP• 30, 202S
2025 2024
(Restated)
CASH FLOVS FROM OPERATING ACTIVITIES
Cash generated from operations
Note •-•---•---Rupees-•--------
,
Cash generated from opecztions
Dzrtsalt I (l»mast) in hall-rt/rr‹ni asiifs.'
Long tent moczbahz Euances
long term mushuakch finances
De£ecceJ income on nuczbabz
Customers security deposits
Purchase of ijarah assets Eng term deposits
Proceeds Front disposal ofijarah assets
41
4.1
36,351,10S
10,012,251
80,510,84d
(232,t BG)
220,000
(1,100,000)
308,300
3,'?33,537
Income tax paid / deducted (6,192,043) (G24}08t)
Net cash generated from / (usetf i operating activities
CASH PLOVS F•ROM I NVQ STING ACTIVITIR S
Purchase of owned assets Purchase ofintangible assets
Conuibution to assets acquired onlease Proceeds f*om disposal of owned nssets
Net proceeds from disposal of essefs classified as held for sale Disposal ofinvestments - net
Dividends received
Net cash generated from investing activities
CASH FLOWS FIIOM FINANCING ACTIVITIES
Payment made against leaxe liability
Crofts disu:ibuted to certificate holders
468,3D3
(981,626) | (1,0S6,6S2) |
(1,022,000) | |
‹4,940,758) | (1,728,300) |
2,399,240 | 555,760 |
4,378,500 | |
20,26'7,828 799,000 |
17,543,684
(5298642)
14,031,043
(2,1P ,244)
3,476
22
t7
(12,t£G,052)
17,349,397
Net cash uged in financing activities
Net (decrease) / increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year
blue annexed notes from to 54 form an mtegral part of thCsC financia] statements. )
(19,329,685) (2,202,722)
(1,317,698) 2,980,G23
10,384,061 7,403,438
9,066,363
Por AJ-Zamin blodaratia Management (Private) Limited (Modanba Management Company)
on
DlRRCTOR CHIMP PINMICIAL OFf•1CBR