Trust Modaraba Corporate Briefing Presentation for FY 2025-26

Key takeaways

• Trust Modaraba reported a total income of Rs. 68.2 million for the financial year 2025-26.
• Total disbursements for the year stood at Rs. 135.4 million, with a financing portfolio of Rs. 308.9 million.
• Operating expenses were recorded at Rs. 47.2 million for FY 2025-26.
• Profit before tax for the period was Rs. 14.9 million, while profit after tax was Rs. 11.4 million.
• Earnings per certificate for FY 2025-26 came in at Rs. 0.38.
• Net equity increased to Rs. 360 million from Rs. 349 million in the previous year, and the balance sheet footing reached Rs. 406 million.
• Diminishing Musharakah formed the largest revenue stream at Rs. 46.12 million, representing 67.6% of total revenue.
• Medium to long-term credit rating was maintained at BBB+ and short-term at A2, with a stable outlook reaffirmed by VIS in June 2026.
• Geographical presence is concentrated in Sindh at 72.9% and Punjab at 27.1% of operations.
• Key challenges identified for the future include potential impacts from global conflicts like the US-Iran situation, political instability, rising energy costs, and policy rate fluctuations.
• Strategic initiatives include focusing on asset-backed financing, stronger client due diligence, digital credit channels, and cost control.