FANM First Al-Noor Modaraba

First Al-Noor Modaraba (FANM) financial ratios

First Al-Noor Modaraba earned a net margin of -8.0% in FY2026 against a five-year average of 1.3% (Modarabas median 4.6%). Return on equity was -1.1%, compared with a sector median of 4.1%. The current ratio stood at 27.25× and debt was — of equity. Cash took about 5 days to cycle through receivables, inventory and payables.

FY2026 vs the Modarabas median

Net margin: -8.0%; Sector median 4.6%
Return on equity (ROE): -1.1%; Sector median 4.1%
Return on assets (ROA): -1.0%; Sector median 1.9%

Median of the 20 companies in the sector with the figure for their latest fiscal year.

FANM financial ratios (annual) (Rs mn)
Rs mn	FY2026 * Jul 2025 – Jun 2026	FY2025 * Jul 2024 – Jun 2025	FY2024 * Jul 2023 – Jun 2024	FY2023 * Jul 2022 – Jun 2023	FY2022 Jul 2021 – Jun 2022	FY2021 Jul 2020 – Jun 2021	FY2020 * Jul 2019 – Jun 2020	FY2019 Jul 2018 – Jun 2019	FY2018 Jul 2017 – Jun 2018	FY2017 Jul 2016 – Jun 2017
Profitability
Pre-tax margin	(10.7%)	5.9%	11.4%	10.2%	9.1%	6.2%	(0.6%)	(55.2%)	(100.4%)	7.7%
Net margin	(8.0%)	5.5%	1.1%	1.5%	6.1%	2.4%	(0.6%)	(55.2%)	(100.4%)	7.7%
Effective tax rate	—	6.7%	90.2%	85.2%	32.5%	60.4%	—	—	—	0.0%
Returns
Return on equity (ROE)	(1.1%)	0.9%	0.2%	0.2%	0.9%	0.3%	(0.1%)	(5.5%)	(9.0%)	—
Return on assets (ROA)	(1.0%)	0.9%	0.1%	0.2%	0.9%	0.2%	(0.1%)	(4.7%)	(7.5%)	—
Leverage
Assets to equity	1.07×	1.06×	1.05×	1.06×	1.07×	1.08×	1.13×	1.19×	1.20×	—
Dividends
Dividend payout ratio	—	0.0%	0.0%	0.0%	0.0%	0.0%	—	—	—	0.0%
Earnings retention rate	—	1.00×	1.00×	1.00×	1.00×	1.00×	—	—	—	1.00×

Ratios as reported for each fiscal year; returns are on average equity / assets. Debt ratios are percentages; turnover in times; working-capital measures in days.

FANM: frequently asked questions

What is FANM's EPS?

First Al-Noor Modaraba reported basic earnings per share of Rs -0.12 for FY2026 (Jul 2025 – Jun 2026).

Does FANM pay dividends?

First Al-Noor Modaraba did not declare a cash dividend for FY2026.

What was FANM's revenue and profit in FY2026?

First Al-Noor Modaraba reported revenue of Rs 35.1 mn and profit attributable to shareholders of -Rs 2.8 mn for FY2026 (Jul 2025 – Jun 2026).

What is FANM's book value per share?

First Al-Noor Modaraba's book value per share was Rs 11.09 at the end of FY2026. The shares trade at 0.91× book value.

Information only, not investment advice.