Skip to content
Smart Money

Modarabas

PIM Popular Islamic Modaraba

Latest results: FY2026 · Jun 2026

Last close · 16 Oct 2026

Rs 79.87 +9.50%

Annual · FY2016 – FY2026

Popular Islamic Modaraba (PIM) income statement

Popular Islamic Modaraba reported revenue of Rs 28.8 mn for FY2026 (Jul 2025 – Jun 2026), down 31.1% on FY2025. Tax of Rs 2.9 mn took 16.1% of pre-tax profit. Profit attributable to shareholders was Rs 15.0 mn, down 41.5% on FY2025, or Rs 0.75 per share.

PIM income statement (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 FY2016 Jul 2015 – Jun 2016
Revenue 28.8 41.7 45.7 27.7 23.6 40.0 34.6 25.6 30.0 31.4 26.3
Operating expenses (11.0) (13.7) (17.8) (18.3) (15.9) (32.7) (29.3) (21.1) (27.0) (28.0) (83.2)
Profit before tax 17.9 28.4 28.2 10.4 7.9 7.6 5.5 4.9 2.9 4.6 (55.7)
Taxation (2.9) (2.7) (3.6) (2.4) (1.4) 0.0 0.0 (0.0) (0.3) (0.0) (0.6)
Profit after tax 15.0 25.7 24.7 8.0 6.6 7.6 5.5 4.8 2.6 4.6 (56.3)
Profit attributable to shareholders 15.0 25.7 24.7 8.0 6.6 7.6 5.5 4.8 2.6 4.6 (56.3)
Per share
EPS – basic (Rs) Rs 0.75 1.39 1.76 0.57 0.48 0.76 0.55 0.48 0.26 0.46 (5.63)
Dividend per share (Rs) Rs 0.70 1.00 1.00 0.46 0.37 0.00 0.00 0.00 0.00 0.00 0.00
PIM income statement — year-on-year change (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 FY2016 Jul 2015 – Jun 2016
Revenue -31.1% -8.6% +64.8% +17.6% -41.0% +15.7% +35.2% -14.6% -4.6% +19.4% —
Operating expenses -19.5% -23.2% -2.8% +15.3% -51.5% +11.5% +39.1% -22.0% -3.7% -66.3% —
Profit before tax -36.9% +0.6% +172.3% +31.0% +4.4% +36.9% +14.2% +65.3% -36.2% — —
Taxation +6.5% -23.8% +48.0% +75.2% — — -100.0% -95.1% +1,525.1% -96.6% —
Profit after tax -41.5% +4.1% +209.7% +21.7% -13.7% +36.9% +14.5% +84.2% -42.6% — —
Profit attributable to shareholders -41.5% +4.1% +209.7% +21.7% -13.7% +36.9% +14.5% +84.2% -42.6% — —
Per share
EPS – basic (Rs) -45.9% -21.2% +209.7% +18.8% -36.8% +36.9% +14.6% +84.2% -42.6% — —
Dividend per share (Rs) -30.0% 0.0% +119.4% +21.7% — — — — — — —

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

PIM income statement — common size (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 FY2016 Jul 2015 – Jun 2016
Revenue 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Operating expenses (38.2%) (32.7%) (38.9%) (66.0%) (67.2%) (81.7%) (84.8%) (82.4%) (90.2%) (89.3%) (316.4%)
Profit before tax 62.3% 68.1% 61.8% 37.4% 33.6% 19.0% 16.0% 19.0% 9.8% 14.7% (211.9%)
Taxation (10.0%) (6.5%) (7.8%) (8.7%) (5.8%) 0.0% 0.0% (0.1%) (1.0%) (0.1%) (2.1%)
Profit after tax 52.3% 61.6% 54.0% 28.8% 27.8% 19.0% 16.0% 18.9% 8.8% 14.6% (214.0%)
Profit attributable to shareholders 52.3% 61.6% 54.0% 28.8% 27.8% 19.0% 16.0% 18.9% 8.8% 14.6% (214.0%)

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 84
PIM income statement — all reported line items (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
Investments & Loans - Business - Gain/(Loss) — — — — — — — 0.5 — —
Investment Securities - Business - Gain/(Loss) — — — — — — — 0.5 — —
Revenue from Business-Related Activities - Other - Total 28.8 41.7 45.7 27.7 23.6 40.0 34.6 25.1 30.0 31.4
Investment Securities - Business Unclassified - Gain/(Loss) — — — — — — — 0.5 — —
Revenue from Business Activities - Total 28.8 41.7 45.7 27.7 23.6 40.0 34.6 25.6 30.0 31.4
Selling, General & Administrative Expenses - Total 11.4 15.8 19.3 19.4 16.5 32.9 29.2 21.9 27.9 30.5
Selling, General & Administrative Expenses - Unclassified 7.5 8.9 10.1 8.9 7.6 6.8 5.5 7.1 7.6 6.7
Depreciation in Selling, General & Administrative Expenses 2.4 4.6 6.9 9.7 8.3 25.5 23.6 14.0 19.9 23.1
Other Operating Expense/(Income) - Net (0.4) (2.1) (1.5) (1.1) (0.7) (0.3) 0.1 (0.8) (0.9) (2.5)
Other Operating Income - Total 0.9 2.1 1.5 1.1 0.7 0.3 0.7 0.6 1.1 0.3
Operating Expenses - Total 11.0 13.7 17.8 18.3 15.9 32.7 29.3 21.1 27.0 28.0
Operating Expenses - before Interest Expenses & Provision for Loan Losses - Total 11.0 13.7 17.8 18.3 15.9 32.7 29.3 21.1 27.0 28.0
Labor & Related Expenses including Stock-Based Compensation in Selling, General & Administrative Expenses 1.5 2.3 2.3 0.8 0.6 0.6 0.1 0.7 0.4 0.7
Operating Profit before Non-Recurring Income/(Expense) 17.8 28.1 27.9 9.4 7.7 7.3 5.3 4.5 2.9 3.4
Other Operating Expense 0.5 — — — — — — — — —
Operating Provisions - Increase/(Decrease) — — — — — — 0.8 (0.2) 0.2 (2.2)
Other Non-Operating Income/(Expense) - Total — (0.0) 0.0 — — — — 0.0 — (0.0)
Normalized Pre-tax Profit 17.8 28.1 27.9 9.4 7.7 7.3 5.3 4.5 2.9 3.4
Non-Recurring Income/Expense - Total 0.1 0.3 0.3 0.9 0.2 0.3 0.3 0.3 — 1.2
Early Extinguishment of Lease Related Debts - Gain/(Loss) 0.1 0.3 0.3 0.9 0.2 0.3 0.3 0.3 — 0.1
Fair Value Adjustments - Financial Investments — — — — — — — — — 1.2
Provision for Income Tax Expense- Unclassified — 2.7 — — — — — — 0.3 —
Income before Taxes 17.9 28.4 28.2 10.4 7.9 7.6 5.5 4.9 2.9 4.6
Income Taxes 2.9 2.7 3.6 2.4 1.4 0.0 0.0 0.0 0.3 0.0
Income Taxes for the Year - Current 4.1 — 4.8 4.4 1.4 0.0 0.0 0.0 — (0.6)
Income Taxes - Deferred 0.3 — (1.3) (2.0) 0.0 0.0 0.0 0.0 — 0.6
Income Taxes - Other (by Type) (1.5) — (0.0) — — — — — — —
Net Income after Tax 15.0 25.7 24.7 8.0 6.6 7.6 5.5 4.8 2.6 4.6
Income before Discontinued Operations & Extraordinary Items 15.0 25.7 24.7 8.0 6.6 7.6 5.5 4.8 2.6 4.6
Net Income before Minority Interest 15.0 25.7 24.7 8.0 6.6 7.6 5.5 4.8 2.6 4.6
Net Income after Minority Interest 15.0 25.7 24.7 8.0 6.6 7.6 5.5 4.8 2.6 4.6
Income Available to Common Shares 15.0 25.7 24.7 8.0 6.6 7.6 5.5 4.8 2.6 4.6
DPS - Common - Gross - Issue - By Period End Date Rs 0.70 1.00 1.00 0.46 0.37 0.00 0.00 0.00 0.00 0.00
Net Income - Basic - including Extraordinary Items Applicable to Common - Total 15.0 25.7 24.7 8.0 6.6 7.6 5.5 4.8 2.6 4.6
Income available to Common excluding Extraordinary Items 15.0 25.7 24.7 8.0 6.6 7.6 5.5 4.8 2.6 4.6
Shares used to calculate Basic EPS - Total mn 20.0 18.5 14.0 14.0 13.7 10.0 10.0 10.0 10.0 10.0
EPS - Basic - including Extraordinary Items Applicable to Common - Total Rs 0.75 1.39 1.76 0.57 0.48 0.76 0.55 0.48 0.26 0.46
EPS - Basic - excluding Extraordinary Items Applicable to Common - Total Rs 0.75 1.39 1.76 0.57 0.48 0.76 0.55 0.48 0.26 0.46
EPS - Basic - excluding Extraordinary Items - Normalized - Total Rs 0.74 1.37 1.74 0.50 0.47 0.73 0.53 0.45 0.26 0.33
Allocated Net Income including Extraordinary Items Applicable to Common - Issue Specific 15.0 25.7 24.7 8.0 6.6 7.6 5.5 4.8 2.6 4.6
Earnings Allocation Factor - Basic - Issue Specific 1.00× 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 20.0 18.5 14.0 14.0 13.7 10.0 10.0 10.0 10.0 10.0
EPS - Basic - including Extraordinary Items Applicable to Common - Issue Specific Rs 0.75 1.39 1.76 0.57 0.48 0.76 0.55 0.48 0.26 0.46
EPS - Basic - excluding Extraordinary Items Applicable to Common - Issue Specific Rs 0.75 1.39 1.76 0.57 0.48 0.76 0.55 0.48 0.26 0.46
EPS - Basic - excluding Extraordinary Items - Normalized - Issue Specific Rs 0.74 1.37 1.74 0.50 0.47 0.73 0.53 0.45 0.26 0.33
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 0.00
Net Income - Diluted - including Extraordinary Items Applicable to Common - Total 15.0 25.7 24.7 8.0 6.6 7.6 5.5 4.8 2.6 4.6
Diluted Income available to Common excluding Extraordinary Items 15.0 25.7 24.7 8.0 6.6 7.6 5.5 4.8 2.6 4.6
Shares used to calculate Diluted EPS - Total mn 20.0 18.5 14.0 14.0 13.7 10.0 10.0 10.0 10.0 10.0
EPS - Diluted - including Extraordinary Items Applicable to Common - Total Rs 0.75 1.39 1.76 0.57 0.48 0.76 0.55 0.48 0.26 0.46
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Total Rs 0.75 1.39 1.76 0.57 0.48 0.76 0.55 0.48 0.26 0.46
EPS - Diluted - excluding Extraordinary Items - Normalized - Total Rs 0.74 1.37 1.74 0.50 0.47 0.73 0.53 0.45 0.26 0.33
Allocated Diluted Net Income including Extraordinary Items Applicable to Common - Issue Specific 15.0 25.7 24.7 8.0 6.6 7.6 5.5 4.8 2.6 4.6
Earnings Allocation Factor - Diluted - Issue Specific 1.00× 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 20.0 18.5 14.0 14.0 13.7 10.0 10.0 10.0 10.0 10.0
EPS - Diluted - including Extraordinary Items Applicable to Common - Issue Specific Rs 0.75 1.39 1.76 0.57 0.48 0.76 0.55 0.48 0.26 0.46
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Issue Specific Rs 0.75 1.39 1.76 0.57 0.48 0.76 0.55 0.48 0.26 0.46
EPS - Diluted - excluding Extraordinary Items - Normalized - Issue Specific Rs 0.74 1.37 1.74 0.50 0.47 0.73 0.53 0.45 0.26 0.33
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 0.00
DPS - Common - Gross - Issue - By Announcement Date Rs 1.00 1.00 0.46 0.37 0.00 0.00 0.00 0.00 0.00 0.00
DPS - Common - Net - Issue - By Announcement Date Rs 0.90 0.90 0.41 0.34 0.00 0.00 0.00 0.00 0.00 0.00
Earnings before Interest & Taxes (EBIT) 17.8 28.1 27.9 9.4 7.7 7.3 5.3 4.5 2.9 3.4
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) 20.1 32.7 34.8 19.1 16.0 32.9 28.9 18.5 22.8 26.4
Depreciation & Amortization - Supplemental 2.4 4.6 6.9 9.7 8.3 25.5 23.6 14.0 19.9 23.1
Depreciation Expense - Total - Supplemental 2.4 4.6 6.9 9.7 8.3 25.5 23.6 14.0 19.9 23.1
Depreciation, Depletion & Amortization - Total 2.4 4.6 6.9 9.7 8.3 25.5 23.6 14.0 19.9 23.1
Depreciation - Total 2.4 4.6 6.9 9.7 8.3 25.5 23.6 14.0 19.9 23.1
Normalized after Tax Profit 14.9 25.4 24.4 7.0 6.4 7.3 5.3 4.5 2.6 3.3
Normalized Net Income from Continuing Operations 14.9 25.4 24.4 7.0 6.4 7.3 5.3 4.5 2.6 3.3
Normalized Net Income - Bottom Line 14.9 25.4 24.4 7.0 6.4 7.3 5.3 4.5 2.6 3.3
Earnings before Interest & Taxes (EBIT) - Normalized 17.8 28.1 27.9 9.4 7.7 7.3 5.3 4.5 2.9 3.4
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) - Normalized 20.1 32.7 34.8 19.1 16.0 32.9 28.9 18.5 22.8 26.4
Operating Expenses 11.0 13.7 17.8 18.3 15.9 32.7 29.3 21.1 27.0 28.0
Selling, General & Administrative Expenses excluding Research & Development Expenses 11.4 15.8 19.3 19.4 16.5 32.9 29.2 21.9 27.9 30.5
Income before Taxes & Provision for Loan Losses 17.9 28.4 28.2 10.4 7.9 7.6 5.5 4.9 2.9 4.6
DPS - Common - Gross - Issue - By Payable Date Rs 1.00 1.00 0.46 0.37 0.00 0.00 0.00 0.00 0.00 0.00
DPS - Common - Gross - Issue - By Ex Date Rs 1.00 1.00 0.46 0.37 0.00 0.00 0.00 0.00 0.00 0.00
Tax Adjusted Operating Income 15.0 25.7 24.7 8.0 6.6 7.6 5.5 4.8 2.6 4.6
Operating Expenses excluding Non-Cash Charges - Total 8.6 9.1 10.9 8.6 7.6 7.1 5.7 7.0 7.1 5.0
Revenue Net of Interest Expense Before Loan Loss Provision 28.8 41.7 45.7 27.7 23.6 40.0 34.6 25.6 30.0 31.4
Income from Earning Assets — — — — — — — 0.5 — —
Income Available to Common Shares before Depreciation & Amortization 17.4 30.3 31.6 17.7 14.8 33.1 29.1 18.9 22.5 27.6
Estimated Tax Rate 0.29× 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 1.00 1.00 0.46 0.37 0.00 0.00 0.00 0.00 0.00 0.00

Every line the company reported, in the original order and wording, without regrouping or signs changed. Latest 10 periods; the table above goes back further.