First Paramount Modaraba (FPRM) income statement

First Paramount Modaraba reported revenue of Rs 97.3 mn for FY2025 (Jul 2024 – Jun 2025), down 7.5% on FY2024. Finance cost was Rs 19.9 mn, up 11.8% on FY2024. Tax of Rs 7.4 mn took 23.8% of pre-tax profit. Profit attributable to shareholders was Rs 23.5 mn, down 17.0% on FY2024, or Rs 1.63 per share.

FPRM income statement (annual) (Rs mn)
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
Revenue	97.3	105.2	322.4	306.8	108.4	185.7	219.2	257.1	202.2
Operating expenses	(47.5)	(46.7)	(296.1)	(280.5)	(92.0)	(163.6)	(191.7)	(235.0)	(178.1)
Finance cost	(19.9)	(17.8)	(14.5)	(12.5)	(10.1)	(14.8)	(12.0)	(9.8)	(15.1)
Profit before tax	30.9	39.9	11.8	15.1	7.7	6.5	12.1	11.1	7.2
Taxation	(7.4)	(11.5)	(5.2)	(5.2)	0.0	0.0	0.0	(0.2)	0.0
Profit after tax	23.5	28.4	6.5	10.0	7.7	6.5	12.1	10.9	7.2
Profit attributable to shareholders	23.5	28.4	6.5	10.0	7.7	6.5	12.1	10.9	7.2
Per share
EPS – basic (Rs) Rs	1.63	1.96	0.45	0.69	0.53	0.45	0.83	0.75	0.50
Dividend per share (Rs) Rs	0.00	0.00	0.00	0.00	0.43	0.33	0.95	0.67	0.67

FPRM income statement — year-on-year change (Rs mn)
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
Revenue	-7.5%	-67.4%	+5.1%	+183.1%	-41.6%	-15.3%	-14.8%	+27.2%	—
Operating expenses	+1.8%	-84.2%	+5.6%	+204.9%	-43.8%	-14.6%	-18.4%	+32.0%	—
Finance cost	+11.8%	+22.6%	+16.1%	+23.6%	-31.6%	+23.6%	+22.1%	-34.9%	—
Profit before tax	-22.5%	+238.2%	-22.0%	+96.1%	+18.6%	-46.2%	+9.3%	+54.0%	—
Taxation	-35.9%	+119.0%	+1.9%	—	—	—	-100.0%	—	—
Profit after tax	-17.0%	+333.9%	-34.3%	+29.3%	+18.6%	-46.2%	+11.2%	+51.3%	—
Profit attributable to shareholders	-17.0%	+333.9%	-34.3%	+29.3%	+18.6%	-46.2%	+11.2%	+51.3%	—
Per share
EPS – basic (Rs)	-17.0%	+333.9%	-34.3%	+29.3%	+18.6%	-46.2%	+11.2%	+51.3%	—
Dividend per share (Rs)	—	—	—	-100.0%	+28.6%	-65.0%	+42.9%	0.0%	—

Change against the previous fiscal year; shown when the earlier figure is positive.

FPRM income statement — common size (Rs mn)
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
Revenue	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Operating expenses	(48.8%)	(44.4%)	(91.8%)	(91.4%)	(84.9%)	(88.1%)	(87.5%)	(91.4%)	(88.1%)
Finance cost	(20.5%)	(16.9%)	(4.5%)	(4.1%)	(9.3%)	(8.0%)	(5.5%)	(3.8%)	(7.5%)
Profit before tax	31.8%	37.9%	3.7%	4.9%	7.1%	3.5%	5.5%	4.3%	3.6%
Taxation	(7.6%)	(10.9%)	(1.6%)	(1.7%)	0.0%	0.0%	0.0%	(0.1%)	0.0%
Profit after tax	24.2%	27.0%	2.0%	3.2%	7.1%	3.5%	5.5%	4.2%	3.6%
Profit attributable to shareholders	24.2%	27.0%	2.0%	3.2%	7.1%	3.5%	5.5%	4.2%	3.6%

Each line as a percentage of revenue.

Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. * Figures in this period do not fully reconcile in the source data (hover the * for details). Updated 16 Oct 2026.

All reported line items 91

FPRM income statement — all reported line items (Rs mn)
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
Revenue from Financing-Related Operations	15.5	16.2	24.9	25.1	29.8	32.6	34.6	34.1	31.6
Revenue from Business-Related Activities - Other - Total	81.8	89.0	297.5	281.7	78.5	153.1	184.6	223.1	170.6
Business-Related Financing Revenue - Other	15.5	16.2	24.9	25.1	29.8	32.6	34.6	34.1	31.6
Revenue from Business Activities - Total	97.3	105.2	322.4	306.8	108.4	185.7	219.2	257.1	202.2
Selling, General & Administrative Expenses - Total	1.2	3.4	2.6	4.2	1.4	1.9	1.1	3.7	1.9
Depreciation in Selling, General & Administrative Expenses	—	2.4	2.4	1.3	1.3	1.4	1.6	1.5	1.6
Amortization of Intangibles in Selling, General & Administrative Expenses	—	—	—	—	—	—	—	0.3	0.4
Other Operating Expense/(Income) - Net	46.4	43.3	293.5	276.3	90.6	161.8	190.6	231.3	176.2
Gross Profit - Industrials/Property - Total	97.3	105.2	322.4	306.8	108.4	185.7	219.2	257.1	202.2
Operating Expenses - Total	47.5	46.7	296.1	280.5	92.0	163.6	191.7	235.0	178.1
Labor & Related Expenses including Stock-Based Compensation in Selling, General & Administrative Expenses	0.7	0.8	0.2	0.3	0.2	0.1	0.2	0.6	(2.7)
Selling, General & Administrative Expenses - Other - Total	0.5	0.2	(0.0)	2.5	(0.1)	0.3	(0.7)	1.3	2.7
Operating Profit before Non-Recurring Income/(Expense)	49.8	58.5	26.3	26.3	16.3	22.0	27.4	22.1	24.1
Financing Income/(Expense) - Net - Total	(19.9)	(17.9)	(14.6)	(12.6)	(10.2)	(14.9)	(12.1)	(9.9)	(15.2)
Interest Expense - Net of (Interest Income)	19.9	17.8	14.5	12.5	10.1	14.8	12.0	9.8	15.1
Other Operating Expense	46.4	43.3	293.5	276.3	90.6	161.8	190.6	—	—
Interest Expense - Net of Capitalized Interest	22.1	21.5	18.3	14.1	11.9	15.6	12.8	10.3	15.9
Provision for Doubtful Accounts & Write-off	0.5	0.2	(0.0)	2.5	(0.1)	0.3	(0.7)	1.3	2.7
Non-Interest Financial Income/(Expense) - Total	(0.0)	(0.1)	(0.1)	(0.1)	(0.1)	(0.1)	(0.1)	(0.1)	(0.1)
Non-Interest Financial Income/(Expense) - Other - Net	(0.0)	(0.1)	(0.1)	(0.1)	(0.1)	(0.1)	(0.1)	(0.1)	(0.1)
Sale of Tangible & Intangible Fixed Assets - Gain/Loss	—	—	—	—	—	0.0	0.1	0.0	0.5
Other Non-Operating Income/(Expense) - Total	1.1	(0.7)	0.1	1.4	1.6	(0.7)	(1.5)	(1.1)	(0.1)
Normalized Pre-tax Profit	30.9	39.9	11.8	15.1	7.7	6.5	14.1	11.1	9.3
Non-Recurring Income/Expense - Total	—	—	—	—	—	0.0	(2.0)	0.0	(2.1)
Impairment - Tangible & Intangible Fixed Assets	—	—	—	—	—	0.0	2.0	0.0	2.1
Impairment - Fixed Assets	—	—	—	—	—	0.0	2.0	0.0	2.1
Interest Income - Non-Bank	2.2	3.7	3.8	1.6	1.8	0.8	0.8	0.5	0.8
Provision for Income Tax Expense- Unclassified	7.4	11.5	5.2	5.2	0.0	0.0	0.0	0.2	0.0
Income before Taxes	30.9	39.9	11.8	15.1	7.7	6.5	12.1	11.1	7.2
Income Taxes	7.4	11.5	5.2	5.2	0.0	0.0	0.0	0.2	0.0
Net Income after Tax	23.5	28.4	6.5	10.0	7.7	6.5	12.1	10.9	7.2
Income before Discontinued Operations & Extraordinary Items	23.5	28.4	6.5	10.0	7.7	6.5	12.1	10.9	7.2
Net Income before Minority Interest	23.5	28.4	6.5	10.0	7.7	6.5	12.1	10.9	7.2
Net Income after Minority Interest	23.5	28.4	6.5	10.0	7.7	6.5	12.1	10.9	7.2
Income Available to Common Shares	23.5	28.4	6.5	10.0	7.7	6.5	12.1	10.9	7.2
Earnings Adjustments to Net Income - Other Expense/(Income)	—	—	—	0.0	—	—	—	—	—
DPS - Common - Gross - Issue - By Period End Date Rs	0.00	0.00	0.00	0.00	0.43	0.33	0.95	0.67	0.67
Net Income - Basic - including Extraordinary Items Applicable to Common - Total	23.5	28.4	6.5	10.0	7.7	6.5	12.1	10.9	7.2
Income available to Common excluding Extraordinary Items	23.5	28.4	6.5	10.0	7.7	6.5	12.1	10.9	7.2
Shares used to calculate Basic EPS - Total mn	14.5	14.5	14.5	14.5	14.5	14.5	14.5	14.5	14.5
EPS - Basic - including Extraordinary Items Applicable to Common - Total Rs	1.63	1.96	0.45	0.69	0.53	0.45	0.83	0.75	0.50
EPS - Basic - excluding Extraordinary Items Applicable to Common - Total Rs	1.63	1.96	0.45	0.69	0.53	0.45	0.83	0.75	0.50
EPS - Basic - excluding Extraordinary Items - Normalized - Total Rs	1.63	1.96	0.45	0.69	0.53	0.45	0.97	0.75	0.64
Allocated Net Income including Extraordinary Items Applicable to Common - Issue Specific	23.5	28.4	6.5	10.0	7.7	6.5	12.1	10.9	7.2
Earnings Allocation Factor - Basic - Issue Specific	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×
Shares used to calculate Basic EPS - Issue Specific mn	14.5	14.5	14.5	14.5	14.5	14.5	14.5	14.5	14.5
EPS - Basic - including Extraordinary Items Applicable to Common - Issue Specific Rs	1.63	1.96	0.45	0.69	0.53	0.45	0.83	0.75	0.50
EPS - Basic - excluding Extraordinary Items Applicable to Common - Issue Specific Rs	1.63	1.96	0.45	0.69	0.53	0.45	0.83	0.75	0.50
EPS - Basic - excluding Extraordinary Items - Normalized - Issue Specific Rs	1.63	1.96	0.45	0.69	0.53	0.45	0.97	0.75	0.64
EPS - Basic from Discontinued Operations & Extraordinary Items Rs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Income - Diluted - including Extraordinary Items Applicable to Common - Total	23.5	28.4	6.5	10.0	7.7	6.5	12.1	10.9	7.2
Diluted Income available to Common excluding Extraordinary Items	23.5	28.4	6.5	10.0	7.7	6.5	12.1	10.9	7.2
Shares used to calculate Diluted EPS - Total mn	14.5	14.5	14.5	14.5	14.5	14.5	14.5	14.5	14.5
EPS - Diluted - including Extraordinary Items Applicable to Common - Total Rs	1.63	1.96	0.45	0.69	0.53	0.45	0.83	0.75	0.50
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Total Rs	1.63	1.96	0.45	0.69	0.53	0.45	0.83	0.75	0.50
EPS - Diluted - excluding Extraordinary Items - Normalized - Total Rs	1.63	1.96	0.45	0.69	0.53	0.45	0.97	0.75	0.64
Allocated Diluted Net Income including Extraordinary Items Applicable to Common - Issue Specific	23.5	28.4	6.5	10.0	7.7	6.5	12.1	10.9	7.2
Earnings Allocation Factor - Diluted - Issue Specific	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×
Shares used to calculate Diluted EPS - Issue Specific mn	14.5	14.5	14.5	14.5	14.5	14.5	14.5	14.5	14.5
EPS - Diluted - including Extraordinary Items Applicable to Common - Issue Specific Rs	1.63	1.96	0.45	0.69	0.53	0.45	0.83	0.75	0.50
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Issue Specific Rs	1.63	1.96	0.45	0.69	0.53	0.45	0.83	0.75	0.50
EPS - Diluted - excluding Extraordinary Items - Normalized - Issue Specific Rs	1.63	1.96	0.45	0.69	0.53	0.45	0.97	0.75	0.64
EPS - Diluted from Discontinued Operations & Extraordinary Items Rs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DPS - Common - Gross - Issue - By Announcement Date Rs	0.00	0.00	0.00	0.43	0.33	0.95	0.67	0.67	0.71
DPS - Common - Net - Issue - By Announcement Date Rs	0.00	0.00	0.00	0.39	0.30	0.86	0.60	0.60	0.64
Earnings before Interest & Taxes (EBIT)	49.8	58.5	26.3	26.3	16.3	22.0	27.4	22.1	24.1
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA)	54.1	60.8	28.9	27.6	17.7	23.5	29.0	23.9	26.1
Depreciation & Amortization - Supplemental	—	2.4	2.4	1.3	1.3	1.4	1.6	1.8	2.0
Depreciation Expense - Total - Supplemental	—	—	—	—	—	—	—	1.5	1.6
Amortization - Total - Supplemental	—	—	—	—	—	—	—	0.3	0.4
Intangible Amortization - Other - Supplemental	—	—	—	—	—	—	—	0.3	0.4
Depreciation, Depletion & Amortization - Total	4.3	2.4	2.6	1.3	1.3	1.4	1.6	1.8	2.0
Depreciation - Total	—	—	—	—	—	—	—	1.5	1.6
Amortization of Intangible Assets excluding Goodwill - Total	—	—	—	—	—	—	—	0.3	0.4
Normalized after Tax Profit	23.5	28.4	6.5	10.0	7.7	6.5	14.1	10.9	9.3
Normalized Net Income from Continuing Operations	23.5	28.4	6.5	10.0	7.7	6.5	14.1	10.9	9.3
Normalized Net Income - Bottom Line	23.5	28.4	6.5	10.0	7.7	6.5	14.1	10.9	9.3
Earnings before Interest & Taxes (EBIT) - Normalized	50.8	57.7	26.3	27.6	17.8	21.3	26.1	20.9	24.4
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) - Normalized	55.1	60.1	28.9	29.0	19.2	22.7	27.6	22.7	26.3
Interest Expense	22.1	21.5	18.3	14.1	11.9	15.6	12.8	10.3	15.9
Operating Expenses	47.5	46.7	296.1	280.5	92.0	163.6	191.7	235.0	178.1
Selling, General & Administrative Expenses excluding Research & Development Expenses	1.2	3.4	2.6	4.2	1.4	1.9	1.1	3.7	1.9
Income before Taxes & Provision for Loan Losses	30.9	39.9	11.8	15.1	7.7	6.5	12.1	11.1	7.2
DPS - Common - Gross - Issue - By Payable Date Rs	0.00	0.00	0.00	0.43	0.33	0.95	0.67	0.67	0.71
DPS - Common - Gross - Issue - By Ex Date Rs	0.00	0.00	0.00	0.43	0.33	0.95	0.67	0.67	0.71
Tax Adjusted Operating Income	40.4	43.7	16.7	19.2	19.6	22.1	24.9	21.0	23.1
Operating Expenses excluding Non-Cash Charges - Total	43.3	44.3	293.5	279.2	90.7	162.2	190.1	233.2	176.1
Income Available to Common Shares before Depreciation & Amortization	27.8	30.7	9.1	11.3	9.0	7.9	13.7	12.7	9.1
Fixed Charges	22.1	21.5	18.3	14.1	11.9	15.6	12.8	10.3	15.9
Estimated Tax Rate	0.29×	0.29×	0.29×	0.29×	0.29×	0.35×	0.30×	0.30×	0.31×
Total Common & Spl DPS -Gross - Issue - By Announcement Date Rs	0.00	0.00	0.00	0.43	0.33	0.95	0.67	0.67	0.71

Every line the company reported, in the original order and wording, without regrouping or signs changed. Latest 9 periods; the table above goes back further.