First Equity Modaraba — Regulatory Filings 2025

Feb 27, 2025

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FIRST EQUITY MODARABA

CONDENSED STANDALONE INTERIM PROFIT AND LOSS ACCOUNT (UN-AUDITED)

FOR THE QUARTER AND HALF YEAR ENDED DECEMBER 31, 2024

	December 31, December 31, 2024 2023 Rupees Rupees 12,043,786 5,830,499 Quarter ended	December 31, December 31, 2024 2023 Rupees Rupees 12,043,786 5,830,499 Quarter ended	Halfyear ended	Halfyear ended
	December 31, 2024 Rupees		December 31, 2024 Rupees	December 31,
				2023
				Rupees 6,280,167
Income
	12,043,786		13,734,872
Expenditure
Operating expenses Financial charges Operating profit Other income	(6,050,629) (1,217)	(5,952,864) (278)	(10,876,348) (1,275)	(11,036,995) (710)
				(11,037,705)
				(4,757,538) 350,226
Profit before income tax	6,405,815	115,091 (510,211)	3,361,452	(4,407,312) (576,592)
Final Tax Minumum Tax	(596,160)		(604,059)
	(166,708)		(201,335)
Profit for the period	5,642,947	(395,120)	2,556,058	(4,983,904)
Earnings per certificate	0.108	(0.008)	0.049	(0.095)

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FIRST EQUITY MODARABA

CONDENSED INTERIM CONSOLIDATED PROFIT AND LOSS ACCOUNT (UN-AUDITED) FOR THE QUARTER AND HALF YEAR ENDED DECEMBER 31, 2024

Income Expenditures	December 31, December 31, 2024 2023 Rupees Rupees (46,302,728) (66,155,381) Quarter ended	Halfyear ended
		December 31, December 31, 2024 2023 Rupees Rupees (80,343,446) (24,977,997)
Operating expenses Distribution and sellingexpenses	(21,278,328) (24,968,220) 9,890 (7,948,643)	(44,520,343) (49,274,712) (3,681,181) (15,197,549)
	(21,268,438) (32,916,863)	(48,201,524) (64,472,261)
Operating profit Financial charges	(67,571,166) (99,072,244) (4,440,838) (17,404,361)	(128,544,970) (89,450,258) (15,547,672) (32,160,778)
Other income	(72,012,004) (116,476,605) 2,369,242 2,244,486	(144,092,642) (121,611,036) - 6,425,581 4,570,862
Loss before taxation and Levy Final Tax Minumum Tax	(69,642,762) (114,232,119) (665,423) (510,211) (587,165) (19,166,576)	(137,667,061) (117,040,174) (676,308) (579,142) (4,040,673) (39,571,157)
Loss before taxation Taxation	(70,895,350) (133,908,906)	(142,384,042) (157,190,473)
- current - prior - deferred	- - - - 23,084,959 42,561,369	- (37,001) - (2,470,915) 51,961,507 61,219,533
	23,084,959 42,561,369	51,961,507 58,711,617
Loss for theperiod	(47,810,391) (91,347,537)	(90,422,535) (98,478,856)
(Loss) / Earnings per certificate	(0.91) (1.74)	(1.72) (1.88)

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