Last close · 16 Oct 2026
Rs 14.14 -0.21%
Financials
Trust Modaraba (TRSM) financials
10 years of annual results (FY2017 – FY2026).
Trust Modaraba (TRSM) reported revenue of Rs 65.1 mn for FY2026 (Jul 2025 – Jun 2026), down 12.6% from FY2025.
Profit attributable to shareholders was Rs 11.4 mn (EPS Rs 0.38), down 38.1%.
No cash dividend was declared for FY2026.
Return on equity was 3.2%.
Over the last five years revenue grew at a compound 7.5% a year.
At Rs 14.14 (close on 16 Oct 2026) the shares trade at 37.0× earnings (FY2026) and 1.17× book value.
Fundamentals
TRSM at a glance
Revenue · FY2026
Rs 65.1 mn
▼ 12.6% year on year
Profit attributable to shareholders · FY2026
Rs 11.4 mn
▼ 38.1% year on year
EPS – basic (Rs) · FY2026
Rs 0.38
▼ 38.1% year on year
Dividend per share (Rs) · FY2026
Rs 0.00
Total assets · FY2026
Rs 405.5 mn
▲ 0.9% year on year
Return on equity (ROE) · FY2026
3.2%
-2.1 pts year on year
Financial statements
Income statement
Revenue, costs, profit and earnings per share.
- Revenue · FY2026
- Rs 65.1 mn
- Profit attributable · FY2026
- Rs 11.4 mn
Balance sheet
Assets, liabilities, debt and shareholders' equity.
- Total assets · FY2026
- Rs 405.5 mn
- Equity · FY2026
- Rs 360.1 mn
Financial highlights
TRSM 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 | 65.1 | 74.5 | 75.6 | 40.1 | 63.3 | 45.5 | 35.6 | 30.6 | 62.8 | 83.7 |
| Profit before tax | 14.9 | 23.2 | 26.1 | 1.0 | 13.1 | 8.0 | 2.7 | 1.2 | 2.0 | 14.2 |
| Profit attributable to shareholders | 11.4 | 18.4 | 21.2 | (0.1) | 11.4 | 6.6 | 1.7 | 1.0 | 1.9 | 14.2 |
| EPS – basic (Rs) Rs | 0.38 | 0.62 | 0.71 | (0.00) | 0.38 | 0.22 | 0.06 | 0.03 | 0.06 | 0.47 |
| Dividend per share (Rs) Rs | 0.00 | 0.00 | 0.50 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total assets | 405.5 | 402.0 | 414.4 | 388.8 | 415.6 | 378.8 | 357.5 | 371.3 | 377.3 | 389.9 |
| Borrowings | 12.7 | 10.0 | 7.9 | 2.5 | 7.4 | 0.0 | 0.2 | 5.0 | — | — |
| Total equity | 360.1 | 348.8 | 343.9 | 320.0 | 321.1 | 315.6 | 306.9 | 303.9 | 306.0 | 315.2 |
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 15 Oct 2026.