First Elite Capital Modaraba Corporate Briefing Presentation FY2026

Key takeaways

• First Elite Capital Modaraba was floated in 1991 with an authorized capital of Rs 200 million and shares worth Rs 100 million which were oversubscribed.
• The Modaraba is managed by Crescent Modaraba Management Company Ltd, with Mufti Muhammad Umar serving as Shariah Advisor.
• Total income for FY2026 decreased to Rs 46.80 million compared to Rs 52.32 million in FY2025.
• Loss after taxation for FY2026 stood at Rs 7.02 million, compared to a profit after taxation of Rs 4.70 million in FY2025.
• Loss per certificate for FY2026 was reported at Rs 0.62 compared to earnings per certificate of Rs 0.41 in FY2025.
• Total assets as of June 30, 2026, increased to Rs 236.35 million from Rs 232.35 million in FY2025.
• Certificate holder's equity stood at Rs 136.02 million as of June 30, 2026.
• Break-up value per certificate was recorded at Rs 12.00 for FY2026 compared to Rs 12.16 for FY2025.
• The management company will continue to focus on improving the quality and performance of the financing and investment portfolio.
• Particular emphasis will be placed on efficient deployment of funds, prudent risk management, recovery of facilities, cost control, and identifying sustainable return opportunities.