Last close · 16 Oct 2026
Rs 34.65 -10.00%
Financials
First Tri-Star Modaraba (FTSM) financials
10 years of annual results (FY2017 – FY2026), 28 quarters.
First Tri-Star Modaraba (FTSM) reported revenue of Rs 23.1 mn for FY2026 (Jul 2025 – Jun 2026), down 38.6% from FY2025.
Profit attributable to shareholders was Rs 4.9 mn (EPS Rs 0.23).
No cash dividend was declared for FY2026.
Return on equity was 1.4%.
Over the last five years revenue grew at a compound -10.1% a year.
At Rs 34.65 (close on 16 Oct 2026) the shares trade at 149.4× earnings (FY2026) and 2.69× book value.
Fundamentals
FTSM at a glance
Revenue · FY2026
Rs 23.1 mn
▼ 38.6% year on year
Profit attributable to shareholders · FY2026
Rs 4.9 mn
EPS – basic (Rs) · FY2026
Rs 0.23
Dividend per share (Rs) · FY2026
Rs 0.00
Total assets · FY2026
Rs 360.7 mn
▼ 38.5% year on year
Return on equity (ROE) · FY2026
1.4%
+4.8 pts year on year
Financial statements
Income statement
Revenue, costs, profit and earnings per share.
- Revenue · FY2026
- Rs 23.1 mn
- Profit attributable · FY2026
- Rs 4.9 mn
Balance sheet
Assets, liabilities, debt and shareholders' equity.
- Total assets · FY2026
- Rs 360.7 mn
- Equity · FY2026
- Rs 272.6 mn
Financial highlights
FTSM financial results
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 23.1 | 37.6 | 35.5 | 42.6 | 28.0 | 39.4 | 26.8 | 19.9 | 18.0 | 6.9 |
| Profit before tax | 5.6 | (15.2) | 0.1 | 356.4 | 0.8 | 13.5 | 2.3 | (20.4) | 2.3 | 3.4 |
| Profit attributable to shareholders | 4.9 | (15.0) | 1.7 | 354.2 | 0.4 | 13.5 | 2.3 | (20.4) | 2.3 | 2.0 |
| EPS – basic (Rs) Rs | 0.23 | (0.71) | 0.08 | 16.74 | 0.02 | 0.64 | 0.11 | (0.97) | 0.11 | 0.09 |
| Dividend per share (Rs) Rs | 0.00 | 0.00 | 4.00 | 4.00 | 0.00 | 0.60 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total assets | 360.7 | 586.6 | 565.3 | 561.4 | 208.3 | 211.2 | 194.2 | 193.1 | 212.6 | 212.1 |
| Borrowings | — | 20.0 | 9.5 | 0.0 | — | — | — | — | — | — |
| Total equity | 272.6 | 442.4 | 445.8 | 532.7 | 178.5 | 192.2 | 180.5 | 177.9 | 201.2 | 199.5 |
| Rs mn | TTM to Jun 2026 | Q4 FY2026 Apr – Jun 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 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 23.1 | (0.0) | 6.8 | 1.1 | 15.3 | 1.5 | 13.5 | 0.3 | 22.3 |
| Profit before tax | 5.9 | (8.8) | 4.1 | (7.3) | 17.9 | (20.0) | 0.5 | (6.1) | 11.6 |
| Profit attributable to shareholders | 5.2 | (7.9) | 3.3 | (8.1) | 17.9 | (21.2) | 1.6 | (5.5) | 11.6 |
| EPS – basic (Rs) Rs | 0.24 | (0.38) | 0.16 | (0.38) | 0.84 | (1.00) | 0.07 | (0.28) | 0.55 |
| 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 | 360.7 | 360.7 | 383.6 | 432.5 | 607.9 | 586.6 | 562.9 | 569.5 | 577.7 |
| Borrowings | — | — | 6.2 | 11.2 | 16.0 | 20.0 | 23.4 | 7.5 | 8.5 |
| Total equity | 272.6 | 272.6 | 284.5 | 332.5 | 460.3 | 442.4 | 409.7 | 408.2 | 457.4 |
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. * Some FY2026 figures do not fully reconcile in the source data. Updated 16 Oct 2026.