First Punjab Modaraba Balance Sheet

Financials in millions PKR. Fiscal year is January - December.

Millions PKR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Jun '21 Jun 30, 2021
Cash & Equivalents	240.34	23.08	233.54	62.44	163.49	140.07
Short-Term Investments	532.31	676.15	893.2	755.01	833.83	597.79
Cash & Short-Term Investments	772.66	699.23	1,127	817.45	997.32	737.86
Cash Growth	-6.42%	-37.94%	37.84%	-18.04%	35.16%	-4.52%
Accounts Receivable	52.15	96.56	138.88	165.86	242.86	332.31
Other Receivables	130.58	144.17	128.35	116.58	92.25	102.86
Receivables	182.73	240.74	267.23	282.45	335.12	435.17
Inventory	-	25.29	49.7	53.37	39.48	6.98
Prepaid Expenses	2.59	3.48	1.83	2.97	4.53	4.95
Other Current Assets	24.76	24.62	9.14	17.48	11.26	44.71
Total Current Assets	982.74	993.35	1,455	1,174	1,388	1,230
Property, Plant & Equipment	4.17	3.57	4.07	4.79	4.54	3.8
Long-Term Investments	557.86	697.38	472.05	580.81	313.6	221.86
Other Intangible Assets	-	0.39	1.06	8.86	7.14	7.17
Long-Term Deferred Tax Assets	94.24	94.24	109.66	58.06	63.8	64.39
Other Long-Term Assets	164.7	186.65	148.27	244.26	341.91	473.34
Total Assets	1,804	1,976	2,190	2,070	2,119	2,000
Accounts Payable	16.46	45.09	61.45	19.37	13.88	35.76
Accrued Expenses	69.39	113.49	113.37	35.19	30.88	28.67
Current Portion of Long-Term Debt	-	-	-	1,825	1,603	1,014
Current Income Taxes Payable	-	-	-	0.54	2.52	3.08
Current Unearned Revenue	-	3.02	7.56	5.24	4.56	1.16
Other Current Liabilities	108.18	103.22	126.96	162.81	198.35	193.58
Total Current Liabilities	194.04	264.82	309.34	2,048	1,853	1,276
Long-Term Debt	-	1,485	1,485	-	131.1	535.13
Long-Term Unearned Revenue	1.85	1.62	5.88	10.26	-	-
Pension & Post-Retirement Benefits	8.27	7.59	9.27	-	-	-
Other Long-Term Liabilities	18.03	8.55	2.14	8.4	42.27	42.78
Total Liabilities	222.18	1,768	1,812	2,067	2,027	1,854
Common Stock	340.2	340.2	340.2	340.2	340.2	340.2
Retained Earnings	-758.67	-632.2	-462.08	-343.29	-253.72	-204
Comprehensive Income & Other	2,000	500	500	6.78	5.64	9.77
Shareholders' Equity	1,582	208	378.12	3.68	92.12	145.97
Total Liabilities & Equity	1,804	1,976	2,190	2,070	2,119	2,000
Total Debt	-	1,485	1,485	1,825	1,734	1,549
Net Cash (Debt)	772.66	-785.77	-358.25	-1,008	-736.78	-811.37
Net Cash Per Share	22.82	-23.10	-10.53	-29.62	-21.66	-23.85
Filing Date Shares Outstanding	34.02	34.02	34.02	34.02	34.02	34.02
Total Common Shares Outstanding	34.02	34.02	34.02	34.02	34.02	34.02
Working Capital	788.71	728.53	1,145	-874.44	-465.49	-46.68
Book Value Per Share	46.49	6.11	11.11	0.11	2.71	4.29
Tangible Book Value	1,582	207.61	377.06	-5.18	84.98	138.81
Tangible Book Value Per Share	46.49	6.10	11.08	-0.15	2.50	4.08
Machinery	-	10.62	11.36	13.35	11.68	10.1

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.