First Paramount Modaraba — Interim / Quarterly Report 2026

Oct 28, 2025

Our Ref: No: 24/ /2025 Date: 27 October, 2025

The General Manager Pakistan Stock Exchange (PSX) Stock Exchange Building Stock Exchange Road Karachi

Subject: FINANCIAL RESULTS FOR THE PERIOD ENDED ON 30TH SEPTEMBER, 2025

Dear Sir,

This is to inform you that the Board of Directors of the Paramount Investments Limited, the Managers of First Paramount Modaraba in its meeting held on Monday, 27 October, 2025 at 03:00 pm in the Board Room of First Paramount Modaraba, 1^st Floor, 107 & 108, PECHS, Shahrah-e-Quideen, Karachi and via Zoom, has approved the unaudited standalone and consolidated financial statements for the period ended 30^th September 2025, as per following:-

• Nil 1. CASH DIVIDEND:
• Nil 2. BONUS:
• Nil 3. RIGHT SHARE:

The standalone and consolidated financial results of the Modaraba are attached.

The Quarterly Report of the Modaraba for the quarter ended 30^th September 2025 will be transmitted through PUCARS separately and will also be available at FPM's website (www.fpm.com.pk) within the stipulated time.

Thanks & Regards, for First Paramount Modaraba

modra

Syed Mudassir Ali Company Secretary Encl: as above.

Head Office: Suit No. 107-108, P.E.C.H.S Community Office complex, Block No. 2, P.E.C.H.S, Sharah-e-Quaideen, Karachi. Tel: (021) 34381037-8, 34381052, 34381101 Fax: 34534410 Web: www.fpm.com.pk

FIRST PARAMOUNT MODARABA
UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION (UN-AUDITED) AS AT SEPTEMBER 30, 2025

		Un-audited Sep 30, 2025	Audited Jun 30, 2025
ASSETS NON-CURRENT ASSETS	Note	Rupees	Rupees
Fixed assets	3	22,181,442	23,281,703
Intangibles assets	3	133,335	144,147
Long Term Investments Murabaha financing		9,980	9,980
Loan to employees	4	44,074,545 105,503	19,403,574
Long-term deposits		7,700	231,503 7,700
		66,512,505	43,078,607
CURRENT ASSETS
Trade debtors		174,059,739	262,671,367
Stores in trade		26,941,311	12,475,079
Advances, prepayments and other receivables		40,939,443	34,340,715
Short-term murabaha financing Current portion of non-current assets	5		4,791,668
Short-term deposit		77,297,993	41,883,622
Accrued profit		256,800	256,800
Taxation - net		205,957	70,332
Short Term Investment		94,914,789 23,837,235	68,067,855
Cash and bank balances		18,796,973	23,434,916
		457,250,240	18,210,311 466,202,665
EQUITY AND LIABILITIES		523,762,745	509,281,272
CERTIFICATE CAPITAL AND RESERVES Authorised certificate capital 400,000,000 certificates of Rupees 10 each Issued, subscribed and paid-up certificate capital		400,000,000	400,000,000
13,788,420 certificates of Rupees 10 each Capital reserves		137,884,193	137,884,193
Revenue reserves		119,844,976	113,616,388
		22,392,468	22,392,468
LIABILITIES		280,121,637	273,893,049
NON-CURRENT LIABILITIES
Deferred income		10,763,290	3,362,988
Certificates of musharaka	6	128,375,000	131,875,000
CURRENT LIABILITIES		139,138,290	135,237,988
Creditors, Accrued & Other Liabilities		23,674,524	28,531,267
Current portion of deferred income		9,650,300	5,367,360
Current portion of certificates of musharaka COM matured parties	6	47,250,000	41,500,000
Accrued profit on certificates of musharaka		2,800,000 2,507,754	2,800,000 3,331,368
Unclaimed profit distributions		18,620,240	18,620,240
		104,502,818	100,150,235
TOTAL LIABILITIES		243,641,108	235,388,223
CONTINGENCIES AND COMMITMENTS
TOTAL EQUITY AND LIABILITIES		523,762,745	509,281,272
The annexed notes from 01 to 10 form an integral part of these financial statements.
For Paramount Investments Limited Modmi	(Management Company)

Chief Financial Officer

ù

ч Chief Executive Officer

D éctor

FIRST PARAMOUNT MODARABA UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF PROFIT AND LOSS (UN-AUDITED) FOR THE QUARTER ENDED SEPTEMBER 30, 2025

			Three months ended
		Sep 30, 2025	Sep 30, 2024
	Note	Rupees	Rupees
Operating income	7	141,711,139	143,289,653
Operating expenses		(129, 498, 393)	(129, 947, 486)
(Provision)/Reversal for doubtful recoveries		300,000	360,103
		(129, 198, 393)	(129, 587, 383)
		12,512,746	13,702,270
Other income		1,550,141	2,056,899
Financial charges		(4, 116, 561)	(5,647,482)
		9,946,326	10,111,687
Modaraba Company's management fee		(994, 633)	(1,011,169)
		8,951,693	9,100,518
Provision for Sindh Workers' Welfare Fund		(179, 034)	(182, 010)
Profit before taxation		8,772,659	8,918,508
Taxation		(2, 544, 071)	(2,586,367)
Profit after taxation		6,228,588	6,332,141
Earnings per certificate - basic and diluted		0.45	0.46

Modaraba financing

The annexed notes from 01 to 10 form an integral part of these financial statements.

For Paramount Investments Limited

(Management Company)

Modson

Chief Financial Officer

Director

Chief Executive Officer

FIRST PARAMOUNT MODARABA UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME (UN-AUDITED) FOR THE QUARTER ENDED SEPTEMBER 30, 2025

	Three months ended
	Sep 30, 2025	Sep 30, 2024
	Rupees	Rupees
Profit after taxation	6,228,588	6,332,141
OTHER COMPREHENSIVE INCOME
Items that will not be reclassified to profit and loss account
Items that may be reclassified subsequently to profit and loss account
Total comprehensive income for the Period	6,228,588	6,332,141

The annexed notes from 01 to 10 form an integral part of these financial statements.

For Paramount Investments Limited

(Management Company)

Modssi

Chief Financial Officer

Director

Chief Executive Officer

FIRST PARAMOUNT MODARABA UNCONSOLIDATED CONDENSED INTERIM CASH FLOW STATEMENT (UN-AUDITED) FOR THE QUARTER ENDED SEPTEMBER 30, 2025

CASH FLOWS FROM OPERATING ACTIVITIES	Sep 30, 2025 Note Rupees	Sep 30, 2024 Rupees
Profit before taxation	8,772,659	8,918,508
Adjustments for non-cash items: Depreciation and amortization	1,111,073	747,872
Gain on disposal Provision for Sindh Workers' Welfare Fund		(3, 158)
Financial charges	179,034 4,116,561	182,010 5,647,482
(Reversal of provision) / Provision for doubtful recoveries	(300, 000)	(360, 103)
Operating profit before working capital changes	5,106,668	6,214,103
(Increase) / decrease in current assets	13,879,327	15,132,611
Murabaha financing - net	(55, 248, 674)	(13, 478, 207)
Loans to employees	54,000	54,000
Stores and spares	(14, 166, 232)	(1, 393, 857)
Trade debtors - net Advances, prepayments and other receivables	88,611,628	3,692,097
Short Term Investment	(6, 571, 728) (402, 319)	(17, 774, 453) (736, 247)
Accrued profit	(135, 625)	12,429
(Decrease) / increase in current liabilities
Deferred income	11,683,242	(319, 976)
Creditors, accrued and other liabilities Net cash generated from operations	(5,035,777)	(10,052,104)
	32,667,842	(24, 863, 707)
Financial charges paid	(3, 392)	(4, 466)
Tax (paid) / refunded - net Net cash generated from operating activities	(29, 391, 005)	(8,008,882)
CASH FLOWS FROM INVESTING ACTIVITIES	3,273,445	(32, 877, 055)
Purchase of fixed assets		(4,906,798)
Sale proceed on disposals of fixed assets		5,000
Net cash (used in)		(4,901,798)
CASH FLOWS FROM FINANCING ACTIVITIES
Certificate of Musharaka - issuance	4,425,000	6,875,000
Certificate of Musharaka - redemptions Profit paid to certificates of Musharaka (COM) holder	(2, 175, 000)	(4, 150, 000)
Profit distributed to Certificate holders	(4,936,783)	(6,044,461) (104, 494)
Net cash used in financing activities	(2,686,783)	(3,423,955)
Net increase in cash and cash equivalents	586,662	(41, 202, 808)
Cash and cash equivalents at beginning of the year	18,210,311	47,115,806
Cash and cash equivalents at end of the Period	18,796,973	5,912,998

The annexed notes from 01 to 10 form an integral part of these financial statements. For Raramount Investments Limited

m Inser

Chief Financial Officer

(Management Company)

Dîrector

Chief Executive Officer

	UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF CHANGES IN	FOR THE QUARTER ENDED SEPTEMBER 30, 2025 FIRST PARAMOUNT MODARABA		EQUITY (UN-AUDITED)
	Issued,			Reserves
	subscribed and		Capital		Revenue
	certificate capital dn pied	Merger reserve	Statutory reserve	Total	Unappropriated profit	Total
	Rupees	Rupees	Rupees	Rupees	Rupees	Rupees
Balance as at 01 July 2024	137,884,193	1,935,160	87,783,026	89,718,187	22,392,468	249,994,848
Total comprehensive income:
Other comprehensive income Profit after taxation	$\mathbf{I}$	$\mathbf{r}$ $\mathbf{I}$	E	$\mathbf{I}$	6,332,141	6,332,141
		r			6,332,141	6,332,141
Transferred to statutory reserve @ 100%			6,332,141	6,332,141	(6, 332, 141)
Balance as at 30 September 2024	137,884,193	1,935,160	94,115,167	96,050,328	22,392,468	256,326,989
Total comprehensive income: Balance as at July 2025	137,884,193	1,935,160	111,681,228	113,616,388	22,392,468	273,893,049
Profit after taxation Other comprehensive income	$\mathbf{I}$	$1 - 1$	$\blacksquare$ $\blacksquare$	$\pmb{\mathfrak{r}}$	6,228,588	6,228,588
	,		٠		6,228,588	6,228,588
Transferred to statutory reserve @ 100%	٠	1	6,228,588	6,228,588	(6,228,588)
Balance as at 30 September 2025	137,884,193	1,935,160	117,909,816	119,844,976	22,392,468	280,121,637
The annexed notes from 01 to 10 form an integral part of these financial statements		For Paramount Investments Limited (Management Company)
Chief Financial Officer	Chief Executive Officer			Director		Director

$\begin{aligned} \mathbf{1}{\mathcal{A}} & = \mathcal{A} \ \mathbf{1}{\mathcal{A}} & = \mathcal{A} \end{aligned}$

FIRST PARAMOUNT MODARABA CONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION (UN-AUDITED) AS AT SEPTEMBER 30, 2025

		Un-audited	Audited
		Sep 30,	Jun 30,
		2025	2025
ASSETS	Note	Rupees	Rupees
NON-CURRENT ASSETS Fixed assets	3
Intangibles assets	3	22,181,442 133,335	23,281,703 144,147
Murabaha financing	$\overline{4}$	44,074,545	19,403,574
Loan to employees		105,503	231,503
Long-term deposits		7,700	7,700
		66,502,525	43,068,627
CURRENT ASSETS
Trade debtors		174,059,739	262,671,367
Stores in trade		26,941,311	12,475,079
Advances, prepayments and other receivables		39,472,520	34,956,461
Short-term murabaha financing	5		4,791,668
Current portion of non-current assets		77,297,993	41,883,622
Short-term deposit		256,800	256,800
Accrued profit		205,957	70,332
Taxation - net		94,915,152	68,067,855
Short Term Investment		23,837,235	23,434,916
Cash and bank balances		18,806,481	18,994,547
		455,793,188	467,602,647
		522,295,713	510,671,274
EQUITY AND LIABILITIES
CERTIFICATE CAPITAL AND RESERVES
Authorised certificate capital
400,000,000 certificates of Rupees 10 each		400,000,000	400,000,000
Issued, subscribed and paid-up certificate capital		137,884,193	137,884,193
Capital reserves		119,321,621	113,095,758
Revenue reserves		22,392,468	22,392,468
Equity attributable to certificate holders of the holding company		279,598,282	273,372,419
Non-controlling interest		(567) 279,597,715	(558) 273,371,861
Total equity
LIABILITIES
NON-CURRENT LIABILITIES
Deferred income		10,763,290	3,362,988
Certificates of musharaka	6	128,375,000	131,875,000 135,237,988
		139,138,290
CURRENT LIABILITIES Creditors, Accrued & Other Liabilities		22,731,414	30,442,457
Current maturity of deferred income		9,650,300	5,367,360
Current maturity of certificates of musharaka	6	47,250,000	41,500,000
Certificate of musharaka - matured and payable		2,800,000	2,800,000
Accrued profit on certificates of musharaka		2,507,754	3,331,368 18,620,240
Unclaimed profit distributions		18,620,240
		103,559,708	102,061,425
TOTAL LIABILITIES		242,697,998	237,299,413
CONTINGENCIES AND COMMITMENTS
TOTAL EQUITY AND LIABILITIES		522,295,713	510,671,274
The annexed notes from 01 to 10 form an integral part of these financial statements.
For Paramount Investments Limited (Management Company)

Mehin

Chief Financial Officer

Chief Executive Officer

Director

$\mathcal{Q}$ Director

FIRST PARAMOUNT MODARABA CONSOLIDATED CONDENSED INTERIM STATEMENT OF PROFIT AND LOSS (UN-AUDITED) FOR THE QUARTER ENDED SEPTEMBER 30, 2025

		Three months ended
		Sep 30, 2025	Sep 30, 2024
	Note	Rupees	Rupees
Operating income	$\overline{7}$	141,711,139	143,289,653
Operating Cost
Operating expenses		(129, 503, 458)	(129, 947, 486)
(Provision)/Reversal for doubtful recoveries		300,000	360,103
		(129, 203, 458)	(129, 587, 383)
		12,507,681	13,702,270
Other income		1,551,012	2,056,899
Financial charges		(4, 116, 705)	(5,647,482)
		9,941,988	10,111,687
Modaraba Company's management fee		(994, 199)	(1,011,169)
		8,947,789	9,100,518
Provision for Sindh Workers' Welfare Fund		(178, 956)	(182, 010)
Profit before taxation		8,768,833	8,918,508
Taxation		(2,542,962)	(2,586,367)
Profit after taxation		6,225,872	6,332,141
Share of profit attributable to:
Certificate holders of the Modaraba		6,225,863 (9)	6,332,141
Non-controlling interest		6,225,854	6,332,141
Earnings per certificate - basic and diluted		0.45	0.46

The annexed notes from 01 to 10 form an integral part of these financial statements.

Melzin

For Paramount Investments Limited (Management Company) Director Chief Executive Officer

Director

Chief Financial Officer

FIRST PARAMOUNT MODARABA CONSOLIDATED CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME (UN-AUDITED)
FOR THE QUARTER ENDED SEPTEMBER 30, 2025

	Three months ended
	Sep 30, 2025 Rupees	Sep 30, 2024 Rupees
Profit after taxation	6,225,872	6,332,141
OTHER COMPREHENSIVE INCOME
Items that will not be reclassified to profit and loss account
Items that may be reclassified subsequently to profit and loss account
Other comprehensive income for the Period
Total comprehensive income for the Period	6,225,872	6,332,141

The annexed notes from 01 to 10 form an integral part of these financial statements.

For Paramount Investments Limited

(Management Company)

Malin

Chief Financial Officer

Chief Executive Officer Director Director

mort

FIRST PARAMOUNT MODARABA CONSOLIDATED CONDENSED INTERIM CASH FLOW STATEMENT (UN-AUDITED) FOR THE QUARTER ENDED SEPTEMBER 30, 2025

		Sep 30, 2025	Sep 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES	Note	Rupees	Rupees
Profit before taxation		8,768,833	8,918,622
Adjustments for non-cash items:
Depreciation and amortization		1,111,073	747,872
Gain on disposal			(3, 158)
Provision for Sindh Workers' Welfare Fund		178,956	182,010
Financial charges		4,116,705	5,647,568
(Reversal of provision) / Provision for doubtful recoveries		(300,000)	(360, 103)
		5,106,734	6,214,189
Operating profit before working capital changes		13,875,567	15,132,811
(Increase) / decrease in current assets
Murabaha financing - net		(55, 248, 675)	(13, 478, 207)
Loans to employees		54,000	54,000
Stores and spares		(14, 166, 232)	(1,393,857) 3,692,097
Trade debtors - net		88,611,628 (4,489,077)	(17,694,570)
Advances, prepayments and other receivables Short Term Investment		(402, 319)	(736, 247)
Accrued profit		(135, 625)	12,429
(Decrease) / increase in current liabilities		11,683,242	(319, 976)
Deferred income		(7,889,999)	(10, 131, 967)
Creditors, accrued and other liabilities Net cash generated from operations		31,892,511	(24, 863, 487)
Financial charges paid		(3,536)	(4, 552)
Tax (paid) / refunded - net		(29, 390, 258)	(8,008,932)
Net cash generated from operating activities		2,498,717	(32, 876, 971)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of fixed assets	3.1		(4,906,798)
Sale proceed on disposals of fixed assets			5,000
Net cash (used in)			(4,901,798)
CASH FLOWS FROM FINANCING ACTIVITIES
Certificate of Musharaka - issuance	6	4,425,000	6,875,000
Certificate of Musharaka - redemptions		(2, 175, 000)	(4, 150, 000)
Profit paid to certificates of Mushraka (COM) holder		(4,936,783)	(6,044,461)
Profit distributed to Certificate holders			(104, 494)
Net cash used in financing activities		(2,686,783)	(3,423,955)
Net increase in cash and cash equivalents		(188,066)	(41, 202, 724)
Cash and cash equivalents at beginning of the year		18,994,547	47,123,633
Cash and cash equivalents at end of the Period		18,806,481	5,920,909

The annexed notes from 01 to 10 form an integral part of these financial statements.

Mayon

ä

.

Chief Financial Officer

For Raramount Investments Limited KManagement Company) Chief Executive Officer Director

Director

Chief Financial Officer	The annexed notes from 01 to 10 form an integral part of these financial statements	Balance as at 30 September 2025	Transferred to statutory reserve @ 100%	Other comprehensive income	Profit after taxation	Total comprehensive income:	Balance as at July 2025	Balance as at 30 September 2024	Transferred to statutory reserve @ 100%		Other comprehensive income Profit after taxation	Total comprehensive income:	Balance as at 01 July 2024
		137,884,193		٠			137,884,193	137,884,193					137,884,193	Rupees	certificate capital dn pied	subscribed and	Issued	CONSOLIDATED CONDENSED INTERIM STATEMENT OF CHANGES IN
Chief Executive Officer		1,935,160		,			1,935,160	1,935,160					1,935,160	Rupees	Merger reserve			FOR THE QUARTER ENDED SEPTEMBER 30, 2025 -
For Paramount Investments Limited (Yanagement Company)		117,386,461	6,225,863				111,160,598	93,947,600	6,332,255				87,615,345	Rupees	Statutory reserve	Capital	Reserves	FIRST PARAMOUNT MODARABA
Direct ٣		119,321,621	6,225,863		$\mathbf{r}$		113,095,758	95,882,760	6,33. 2,255				505'052'58	Rupees	Total
		22,392,468	(6,225,863)	6,225,863	6,225,863		22,392,468	22,392,468	(6, 332, 255)	6,332,255	6,332,255		22,392,468	Rupees	Unappropriated profit	Revenue
		(567)		ම	$\mathbf{G}$		(558)	$\frac{316}{2}$		0	$\circ$		(316)		interest	Non-controlling
Director		279,597,715		6,225,854	6,225,854		273,371,861	256,159,105		6,332,255	6,332,255		249,826,850	Rupees		Total

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