First Equity Modaraba (FEM)

First Equity Modaraba reported a consolidated net loss of PKR 193.79 million for the nine months ended March 31, 2026, compared to a loss of PKR 142.75 million in the same period last year. The Board of Directors has recommended no dividend for the period.

First Equity Modaraba reported a profit after tax of Rs. 14.77 million for the nine months ended March 31, 2026, compared to a loss of Rs. 2.65 million in the same period last year. The company noted that previously recorded unrealized losses on investments have reversed into unrealized gains, though it continues to navigate challenges related to its subsidiary, Equity Textiles Limited.

First Equity Modaraba has scheduled a Board of Directors meeting for April 29, 2026, to review the quarterly financial results for the period ending March 31, 2026, and to consider any potential dividend or entitlement declarations.