Tri-Star Mutual Fund Limited (TSMF) quarterly balance sheet

At the end of Q4 FY2026 (Apr – Jun 2026) Tri-Star Mutual Fund Limited had total assets of Rs 149.3 mn, up 20.6% on Q3 FY2025. Shareholders' equity was Rs 119.4 mn, 80.0% of total assets.

TSMF balance sheet (quarterly) (Rs mn)
Rs mn	Q4 FY2026 Apr – Jun 2026	Q3 FY2026 Jan – Mar 2026	Q2 FY2026 Oct – Dec 2025	Q1 FY2026 Jul – Sep 2025	Q3 FY2025 Jan – Mar 2025	Q2 FY2025 Oct – Dec 2024	Q1 FY2025 Jul – Sep 2024	Q4 FY2024 Apr – Jun 2024	Q3 FY2024 Jan – Mar 2024	Q2 FY2024 Oct – Dec 2023	Q1 FY2024 Jul – Sep 2023	Q4 FY2023 Apr – Jun 2023	Q3 FY2023 Jan – Mar 2023	Q2 FY2023 * Oct – Dec 2022	Q1 FY2023 Jul – Sep 2022	Q3 FY2022 Jan – Mar 2022	Q2 FY2022 Oct – Dec 2021	Q1 FY2022 Jul – Sep 2021	Q3 FY2021 Jan – Mar 2021	Q2 FY2021 Oct – Dec 2020
Investments	149.1	125.0	131.2	—	122.0	115.3	88.0	92.4	79.8	83.6	70.1	62.0	67.0	—	73.4	82.7	85.5	83.6	81.2	79.0
Total assets	149.3	125.3	131.4	—	123.8	117.2	88.7	93.1	80.3	84.2	70.6	62.5	67.5	—	73.8	83.0	85.8	83.9	81.5	79.3
Total liabilities	29.9	29.4	29.3	—	28.7	27.8	22.6	21.2	22.4	22.3	22.0	21.0	20.2	—	20.1	18.3	17.9	17.0	14.8	14.8
Net assets	119.4	95.9	102.1	—	95.1	89.3	66.1	71.9	58.0	61.8	48.6	41.5	47.3	—	53.7	64.7	67.9	66.9	66.7	64.5

TSMF balance sheet — year-on-year change (Rs mn)
Rs mn	Q4 FY2026 Apr – Jun 2026	Q3 FY2026 Jan – Mar 2026	Q2 FY2026 Oct – Dec 2025	Q1 FY2026 Jul – Sep 2025	Q3 FY2025 Jan – Mar 2025	Q2 FY2025 Oct – Dec 2024	Q1 FY2025 Jul – Sep 2024	Q4 FY2024 Apr – Jun 2024	Q3 FY2024 Jan – Mar 2024	Q2 FY2024 Oct – Dec 2023	Q1 FY2024 Jul – Sep 2023	Q4 FY2023 Apr – Jun 2023	Q3 FY2023 Jan – Mar 2023	Q2 FY2023 * Oct – Dec 2022	Q1 FY2023 Jul – Sep 2022	Q3 FY2022 Jan – Mar 2022	Q2 FY2022 Oct – Dec 2021	Q1 FY2022 Jul – Sep 2021	Q3 FY2021 Jan – Mar 2021	Q2 FY2021 Oct – Dec 2020
Investments	+22.1%	+8.4%	+49.0%	—	+53.0%	+37.9%	+25.6%	+49.0%	+19.0%	—	-4.5%	-25.0%	-21.6%	—	-9.6%	+4.7%	+27.0%	—	—	—
Total assets	+20.6%	+6.9%	+48.1%	—	+54.2%	+39.2%	+25.7%	+48.9%	+19.0%	—	-4.3%	-24.7%	-21.4%	—	-9.4%	+4.7%	+27.0%	—	—	—
Total liabilities	+4.2%	+5.6%	+29.6%	—	+28.3%	+24.6%	+2.7%	+1.0%	+10.8%	—	+9.4%	+14.7%	+12.7%	—	+36.2%	+23.6%	+20.9%	—	—	—
Net assets	+25.5%	+7.4%	+54.4%	—	+64.2%	+44.5%	+36.1%	+73.1%	+22.5%	—	-9.5%	-35.8%	-30.4%	—	-19.5%	+0.4%	+28.7%	—	—	—

Change against the same quarter a year earlier; shown when the earlier figure is positive.

TSMF balance sheet — common size (Rs mn)
Rs mn	Q4 FY2026 Apr – Jun 2026	Q3 FY2026 Jan – Mar 2026	Q2 FY2026 Oct – Dec 2025	Q1 FY2026 Jul – Sep 2025	Q3 FY2025 Jan – Mar 2025	Q2 FY2025 Oct – Dec 2024	Q1 FY2025 Jul – Sep 2024	Q4 FY2024 Apr – Jun 2024	Q3 FY2024 Jan – Mar 2024	Q2 FY2024 Oct – Dec 2023	Q1 FY2024 Jul – Sep 2023	Q4 FY2023 Apr – Jun 2023	Q3 FY2023 Jan – Mar 2023	Q2 FY2023 * Oct – Dec 2022	Q1 FY2023 Jul – Sep 2022	Q3 FY2022 Jan – Mar 2022	Q2 FY2022 Oct – Dec 2021	Q1 FY2022 Jul – Sep 2021	Q3 FY2021 Jan – Mar 2021	Q2 FY2021 Oct – Dec 2020
Investments	99.8%	99.8%	99.8%	—	98.5%	98.4%	99.2%	99.2%	99.3%	99.4%	99.3%	99.2%	99.3%	—	99.4%	99.6%	99.6%	99.6%	99.6%	99.6%
Total assets	100.0%	100.0%	100.0%	—	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	—	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Total liabilities	20.0%	23.5%	22.3%	—	23.2%	23.8%	25.5%	22.8%	27.8%	26.5%	31.2%	33.6%	29.9%	—	27.3%	22.1%	20.9%	20.3%	18.1%	18.7%
Net assets	80.0%	76.5%	77.7%	—	76.8%	76.2%	74.5%	77.2%	72.2%	73.5%	68.8%	66.4%	70.1%	—	72.7%	77.9%	79.1%	79.7%	81.9%	81.3%

Each line as a percentage of total assets.

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 17 Oct 2026.

All reported line items 48

TSMF balance sheet — all reported line items (Rs mn)
Rs mn	Q4 FY2026 Apr – Jun 2026	Q3 FY2026 Jan – Mar 2026	Q2 FY2026 Oct – Dec 2025	Q1 FY2026 Jul – Sep 2025	Q3 FY2025 Jan – Mar 2025	Q2 FY2025 Oct – Dec 2024	Q1 FY2025 Jul – Sep 2024	Q4 FY2024 Apr – Jun 2024	Q3 FY2024 Jan – Mar 2024	Q2 FY2024 Oct – Dec 2023	Q1 FY2024 Jul – Sep 2023	Q4 FY2023 Apr – Jun 2023
Cash & Cash Equivalents	0.0	0.0	0.0	—	1.4	0.2	0.1	0.1	0.2	0.2	0.2	0.2
Loans & Receivables - Total	0.0	0.0	0.0	—	0.0	1.3	0.0	0.0	0.0	0.0	0.0	0.0
Receivables - Other	0.0	0.0	0.0	—	0.0	1.3	0.0	0.0	0.0	0.0	0.0	0.0
Investment Securities - Available for Sale, Held to Maturity & Held for Trading - Total	149.1	125.0	131.2	—	122.0	115.3	88.0	92.4	79.8	83.6	70.1	62.0
Investments - Total	149.1	125.0	131.2	—	122.0	115.3	88.0	92.4	79.8	83.6	70.1	62.0
Investment Securities - Held for Trading	149.1	125.0	131.2	—	122.0	115.3	88.0	92.4	79.8	83.6	70.1	62.0
Other Assets - Total	0.2	0.2	0.2	—	0.4	0.2	0.6	0.6	0.3	0.3	0.3	0.3
Prepaid Expenses - Total	0.2	0.2	0.2	—	0.4	0.2	0.6	0.6	0.3	0.3	0.3	0.3
Total Assets	149.3	125.3	131.4	—	123.8	117.2	88.7	93.1	80.3	84.2	70.6	62.5
Dividends Payable	2.1	2.1	2.1	—	2.1	2.1	0.4	0.4	0.4	0.4	0.4	0.4
Payables & Accrued Expenses	37.2	36.2	36.1	—	35.0	34.4	27.7	26.4	28.3	28.3	28.0	27.0
Trade Account Payables - Total	29.9	29.4	29.3	—	28.7	27.8	22.6	21.2	22.4	22.3	22.0	21.0
Accrued Expenses	7.3	6.8	6.8	—	6.3	6.6	5.1	5.2	5.9	5.9	6.0	6.0
Total Liabilities	29.9	29.4	29.3	—	28.7	27.8	22.6	21.2	22.4	22.3	22.0	21.0
Shareholders' Equity - Attributable to Parent Shareholders - Total	109.0	95.9	102.1	—	95.1	89.3	66.1	71.9	58.0	61.8	48.6	41.5
Common Equity Attributable to Parent Shareholders	109.0	95.9	102.1	—	95.1	89.3	66.1	71.9	58.0	61.8	48.6	41.5
Common Equity - Contributed	50.0	50.0	50.0	—	50.0	50.0	50.0	50.0	50.0	50.0	50.0	50.0
Common Stock - Issued & Paid	50.0	50.0	50.0	—	50.0	50.0	50.0	50.0	50.0	50.0	50.0	50.0
Equity - Non-Contributed - Reserves & Retained Earnings	59.0	45.9	52.1	—	45.1	39.3	16.1	21.9	8.0	11.8	(1.4)	(8.5)
Retained Earnings - Total	43.1	46.3	53.0	—	50.5	43.6	20.0	23.9	16.8	17.0	7.1	(0.2)
Comprehensive Income - Accumulated - Total	15.9	(0.4)	(0.8)	—	(5.3)	(4.3)	(3.9)	(2.1)	(8.9)	(5.2)	(8.5)	(8.2)
Investments - Unrealized Gain/Loss	15.9	(0.4)	(0.8)	—	(5.3)	(4.3)	(3.9)	(2.1)	(8.9)	(5.2)	(8.5)	(8.2)
Other Reserves/Equity - Total	—	(0.0)	0.0	—	0.0	0.0	(0.0)	0.0	0.0	0.0	0.0	(0.0)
Common Equity - Total	109.0	95.9	102.1	—	95.1	89.3	66.1	71.9	58.0	61.8	48.6	41.5
Total Shareholders' Equity - including Minority Interest & Hybrid Debt	119.4	95.9	102.1	—	95.1	89.3	66.1	71.9	58.0	61.8	48.6	41.5
Net Debt	(149.1)	(125.0)	(131.2)	—	(123.4)	(115.6)	(88.1)	(92.4)	(80.0)	(83.8)	(70.3)	(62.2)
Asset Accruals	(0.0)	(0.0)	(0.0)	—	(1.4)	(0.2)	(0.1)	(0.1)	(0.2)	(0.2)	(0.2)	(0.2)
Cash & Cash Equivalents - Total	0.0	0.0	0.0	—	1.4	0.2	0.1	0.1	0.2	0.2	0.2	0.2
Cash & Securities	149.1	125.0	131.2	—	122.0	115.3	88.0	92.4	79.8	83.6	70.1	62.0
Cash & Short Term Investments - Total	149.1	125.0	131.2	—	123.4	115.6	88.1	92.4	80.0	83.8	70.3	62.2
Earning Assets	149.1	125.0	131.2	—	122.0	115.3	88.0	92.4	79.8	83.6	70.1	62.0
Invested Assets - Total	149.1	125.0	131.2	—	122.0	115.3	88.0	92.4	79.8	83.6	70.1	62.0
Investment Securities	149.1	125.0	131.2	—	122.0	115.3	88.0	92.4	79.8	83.6	70.1	62.0
Net Book Capital	(29.7)	(29.1)	(29.1)	—	(28.2)	(26.2)	(21.9)	(20.6)	(22.0)	(22.0)	(21.7)	(20.7)
Net Operating Assets	(29.7)	(29.1)	(29.1)	—	(28.2)	(26.2)	(21.9)	(20.6)	(22.0)	(22.0)	(21.7)	(20.7)
Shareholders Equity - Common	119.4	95.9	102.1	—	95.1	89.3	66.1	71.9	58.0	61.8	48.6	41.5
Tangible Total Equity	119.4	95.9	102.1	—	95.1	89.3	66.1	71.9	58.0	61.8	48.6	41.5
Tangible Book Value	119.4	95.9	102.1	—	95.1	89.3	66.1	71.9	58.0	61.8	48.6	41.5
Total Book Capital	119.4	95.9	102.1	—	95.1	89.3	66.1	71.9	58.0	61.8	48.6	41.5
Total Capital	119.4	95.9	102.1	—	95.1	89.3	66.1	71.9	58.0	61.8	48.6	41.5
Total Long Term Capital	119.4	95.9	102.1	—	95.1	89.3	66.1	71.9	58.0	61.8	48.6	41.5
Trading Account	149.1	125.0	131.2	—	122.0	115.3	88.0	92.4	79.8	83.6	70.1	62.0
Book Value excluding Other Equity	119.4	95.9	102.1	—	95.1	89.3	66.1	71.9	58.0	61.8	48.6	41.5
Cash & Short Term Investments - Net of Debt	149.1	125.0	131.2	—	123.4	115.6	88.1	92.4	80.0	83.8	70.3	62.2
Net Debt Including Preferred Equity & Minority Interest	(149.1)	(125.0)	(131.2)	—	(123.4)	(115.6)	(88.1)	(92.4)	(80.0)	(83.8)	(70.3)	(62.2)
Tangible Book Value excluding Other Equity	119.4	95.9	102.1	—	95.1	89.3	66.1	71.9	58.0	61.8	48.6	41.5
Total Available Funds	119.4	95.9	102.1	—	95.1	89.3	66.1	71.9	58.0	61.8	48.6	41.5
Cash in Hand & with Banks - Total	0.0	0.0	0.0	—	1.4	0.2	0.1	0.1	0.2	0.2	0.2	0.2

Every line the company reported, in the original order and wording, without regrouping or signs changed. Latest 12 periods; the table above goes back further.