Last close · 16 Oct 2026
Rs 11.98 +0.34%
Financials
First Equity Modaraba (FEM) financials
10 years of annual results (FY2016 – FY2025), 31 quarters.
First Equity Modaraba (FEM) reported revenue of -Rs 141.2 mn for FY2025 (Jul 2024 – Jun 2025).
It made a loss of Rs 232.2 mn attributable to shareholders (EPS Rs -4.43).
No cash dividend was declared for FY2025.
Return on equity was -28.8%.
At Rs 11.98 (close on 16 Oct 2026) the shares trade at 1.02× book value.
Fundamentals
FEM at a glance
Revenue · FY2025
-Rs 141.2 mn
Profit attributable to shareholders · FY2025
-Rs 232.2 mn
EPS – basic (Rs) · FY2025
Rs -4.43
Dividend per share (Rs) · FY2025
Rs 0.00
Total assets · FY2025
Rs 665.2 mn
▼ 70.1% year on year
Return on equity (ROE) · FY2025
-28.8%
+25.3 pts year on year
Financial statements
Income statement
Revenue, costs, profit and earnings per share.
- Revenue · FY2025
- -Rs 141.2 mn
- Profit attributable · FY2025
- -Rs 232.2 mn
Balance sheet
Assets, liabilities, debt and shareholders' equity.
- Total assets · FY2025
- Rs 665.2 mn
- Equity · FY2025
- Rs 612.8 mn
Financial highlights
FEM financial results
| Rs mn | 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 | FY2016 Jul 2015 – Jun 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | (141.2) | (275.7) | (119.3) | 518.3 | 417.6 | 83.7 | 132.4 | 128.3 | 105.8 | 57.5 |
| Profit before tax | (262.6) | (574.1) | (303.5) | 364.8 | 265.0 | (39.5) | (2.9) | (11.7) | (33.3) | (67.3) |
| Profit attributable to shareholders | (232.2) | (414.1) | (252.1) | 203.6 | 261.3 | (47.1) | (3.9) | (7.2) | (29.6) | (80.4) |
| EPS – basic (Rs) Rs | (4.43) | (7.90) | (4.81) | 3.88 | 4.98 | (0.90) | (0.07) | (0.14) | (0.56) | (1.53) |
| Dividend per share (Rs) Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.50 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total assets | 665.2 | 2,227.3 | 578.8 | 2,968.8 | 724.0 | 2,100.8 | 2,386.2 | 2,300.0 | 2,311.4 | 2,069.8 |
| Borrowings | — | 527.3 | — | 324.9 | — | 209.6 | 411.6 | 516.6 | 569.7 | 615.8 |
| Total equity | 612.8 | 1,000.3 | 530.5 | 1,608.7 | 666.2 | 1,007.2 | 1,029.4 | 1,061.2 | 1,109.5 | 1,001.4 |
| Rs mn | TTM to Mar 2026 | Q3 FY2026 Jan – Mar 2026 | Q2 FY2026 Oct – Dec 2025 | Q1 FY2026 Jul – Sep 2025 | Q4 FY2025 Apr – Jun 2025 | Q3 FY2025 Jan – Mar 2025 | Q2 FY2025 Oct – Dec 2024 | Q1 FY2025 Jul – Sep 2024 | Q4 FY2024 Apr – Jun 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | (120.3) | 8.5 | 23.4 | 5.2 | (157.4) | 1.8 | 12.0 | 1.7 | (283.0) |
| Profit before tax | (244.6) | (0.3) | 18.2 | (1.8) | (260.7) | (5.2) | 6.2 | (3.1) | (565.6) |
| Profit attributable to shareholders | (214.7) | (0.7) | 17.2 | (1.8) | (229.5) | (5.2) | 5.6 | (3.1) | (405.0) |
| EPS – basic (Rs) Rs | (3.98) | (0.01) | 0.33 | (0.03) | (4.26) | (0.10) | 0.11 | (0.06) | (7.68) |
| Dividend per share (Rs) Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total assets | 692.5 | 692.5 | 734.9 | 699.0 | 665.2 | 655.3 | 688.0 | 619.6 | 2,227.3 |
| Borrowings | — | — | — | — | — | — | — | — | 527.3 |
| Total equity | 614.9 | 614.9 | 664.9 | 644.4 | 612.8 | 602.7 | 617.0 | 562.2 | 1,000.3 |
Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets. Free cash flow and book value per share are calculated by Smart Money; TTM = the latest four quarters. Updated 16 Oct 2026.