First Elite Capital Modaraba · PSX:FECM
First Elite Capital Modaraba — Corporate Update (October 2026)
17 slides from First Elite Capital Modaraba's corporate update, Oct 28, 2026
Slide 1: First Elite Capital Modaraba - Corporate Briefing Session notice
FIRST ELITE CAPITAL MODARABA Managed By: CRESCENT MODARABA MANAGEMENT COMPANY LIMITED Ref:FECM/CS/ 33D October 23, 2026 The General Manager Pakistan Stock Exchange Limited Stock Exchange Building Stock Exchange Road Karachi. Subject: CORPORATE BRIEFING SESSION 2025-26 Dear Sir, This is to inform you
Slide 2: Corporate Briefing Session
CORPORATE BRIEFING SESSION First Elite Capital Modaraba Wednesday, October 28, 2026
Slide 3: Introduction
INTRODUCTION 2
Slide 4: Floated in 1991 with authorized capital of Rs.200 million
First Elite Capital Modaraba • First Elite Capital Modaraba was floated in 1991 with an authorized capital of Rs.200 million. • The Modaraba offered shares worth Rs.100 million which were over subscribed. 3
Slide 5: Management Company and Shariah Advisor
First Elite Capital Modaraba • Management Company Crescent Modaraba Management Company Ltd • Shariah Advisor Mufti Muhammad Umar Shariah Advisor’s report is now part of Annual Accounts. 4
Slide 6: Business
First Elite Capital Modaraba BUSINESS • First Elite Capital Modaraba is a perpetual, multi-purpose and multi-dimensional modaraba formed under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980 and the Rules framed there under and is managed by Crescent Modaraba Management
Slide 7: Products
First Elite Capital Modaraba PRODUCTS Ijarah Murabahah Musharakah Trading 6
Slide 8: Board of Directors of Management Company
First Elite Capital Modaraba Board of Directors of Management Company • Mr. Muneeb Ahmed Dar Chairman and Non-Executive Director • Mr. Aamir Iftikhar Khan Chief Executive and Executive Director • Mr. Ghazanfar Farrokh Non-Executive Director • Mr. Muhammad Javed Amin Non-Executive Director • Mrs. Sha
Slide 9: Financial Details
Financial Details 8
Slide 10: Profit or Loss
First Elite Capital Modaraba Profit or Loss Rs. in million 2026 2025 2024 2023 2022 2021 Income from: • Ijarah Financing 41.99 37.15 32.25 29.67 34.45 38.45 Murabaha Financing 0.20 0.02 0.01 - 0.01 - Musharakah Financing 0.93 - - - - - Return on Investments 2.20 3.20 5.73 2.90 0.40 2.33 Reversal of
Slide 11: Statement of Financial Position
First Elite Capital Modaraba Statement of Financial Position Rs. in million 2026 2025 2024 2023 2022 2021 Cash & Bank Balances 23.51 8.27 6.10 2.40 15.85 15.57 Short Term Investments 9.91 15.90 11.05 8.61 9.50 11.01 Short Term Investment in Mutual Funds 4.98 9.66 23.63 20.24 - - Short term Musharaka
Slide 12: Revenue (Rs. in million)
First Elite Capital Modaraba Revenue (Rs. in million) 52.20 70 69.32 69.31 .48.22 60 41.78 49.77 52.32 52.2 50 46.79 48.22 45.42 40 38.37 36.11 34 30 20 10 0 2026 2025 2024 2023 2022 2021 2020 2019 2018 201711
Slide 13: Certificate Holder's Equity (Rs. in million)
First Elite Capital Modaraba Certificate Holder’s Equity (Rs.in million) 140 136.02 137.90 138.16 124.94 142.19 128.06 133.69 127.95 127.95 124.94 122.03 130.45 120 113.39 113.39 113.25 106.90 100 99.28 99.28 92.54 80 60 40 20 0 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 12
Slide 14: Break-Up Value per Certificate
First Elite Capital Modaraba Break-Up Value per Certificate 14 12 12.16 12 11.28 11.02 11.40 10.00 9.99 10 9.43 8.76 8.16 8 6 4 2 0 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 13
Slide 15: Future Outlook
Future Outlook 14
Slide 16: Future outlook: improving financing and investment portfolio quality
First Elite Capital Modaraba • The Management Company will continue to focus on improving the quality and performance of the Modaraba's financing and investment portfolio. Particular emphasis will be placed on efficient deployment of available funds, prudent risk management, recovery and monitoring
Slide 17: Q & A Session
Q & A Session Thank You 16
First Elite Capital Modaraba — Corporate Update (October 2026) on 6ix