OLPM

⚡ Flash Summary

OLP Modaraba is hosting a corporate briefing session on October 28, 2025, at 11:30 AM in Karachi and virtually via Zoom. The briefing will cover the Modaraba profile, governance, operations, financial performance, and future prospects. Key highlights from the presentation include a discussion of the company’s financials for June 30, 2025, including profit after tax of PKR 174.077 million, earnings per certificate of PKR 3.84, and a cash dividend of PKR 113.46 million.

📌 Key Takeaways

• 🗓️ The Corporate Briefing Session is scheduled for October 28, 2025, at 11:30 AM in Karachi and via Zoom.
• 🏢 The briefing will take place at the Iqbal Auditorium, National Institute of Banking and Finance.
• 💻 Virtual attendance is possible via Zoom: [https://us06web.zoom.us/j/86303001056?pwd=qyHQfdshkbEUWIVS0U29rB13gD0We9.1](https://us06web.zoom.us/j/86303001056?pwd=qyHQfdshkbEUWIVS0U29rB13gD0We9.1)
• 🔑 Zoom Meeting ID: 863 0300 1056 with Passcode: 860895.
• 📜 The session will cover OLP Modaraba’s profile, governance, and operations.
• 📊 Financial performance, including key metrics as of June 30, 2025, will be discussed.
• 🚀 Future prospects of OLP Modaraba will be outlined.
• 📈 Profit After Tax for 2025 reached PKR 174.077 million, compared to PKR 157.737 million in 2024.
• 💰 Earnings per certificate increased to PKR 3.84 in 2025 from PKR 3.48 in 2024.
• 💸 Cash Dividend increased to PKR 113.46 million in 2025, up from PKR 90.77 million in 2024.
• 🏦 Total Assets stood at PKR 8.874 billion in 2025, compared to PKR 7.738 billion in 2024.
• 💸 Total disbursements increased from PKR 3.197 billion in 2024 to PKR 3.470 billion in 2025.
• 🧾 Break-up value per certificate rose to PKR 29.24 in 2025 from PKR 27.40 in 2024.
• ⭐ OLP Modaraba has maintained a credit rating of AA (Long Term) and A1+ (Short Term).
• 📜 OLP Modaraba adopted Islamic Financial Standard-2 (IFAS-2) of SECP in 2009.

🎯 Investment Thesis

HOLD. OLP Modaraba demonstrates positive financial performance with increasing profits, earnings, and asset base. However, macroeconomic conditions and associated default risks warrant a cautious approach. Further analysis, including sector-specific comparisons and risk assessment, is needed before considering a BUY recommendation.

⚡ Flash Summary

OLP Modaraba (OLPM) announced a net profit of PKR 174.077 million for the year ended June 30, 2025. The Board approved a cash dividend of 25% (PKR 2.50 per certificate of PKR 10 each) for the same period. The 26th Annual Review Meeting (ARM) will be held on October 28, 2025, both in person and via video link. The company has uploaded its annual report on its website and will provide hard copies upon request.

📌 Key Takeaways

• 💰 OLP Modaraba (OLPM) reports a net profit of PKR 174.077 million for the year ended June 30, 2025.
• 🎉 A cash dividend of 25% (PKR 2.50 per certificate of PKR 10 each) has been approved for the year ended June 30, 2025.
• 📅 The 26th Annual Review Meeting (ARM) is scheduled for October 28, 2025, at 11:00 a.m. in Karachi.
• 💻 The ARM will be accessible both in person and electronically through video link.
• 🔒 Certificate transfer books will be closed from October 21, 2025, to October 28, 2025.
• ✉️ Certificate holders wanting to attend online must register by October 20, 2025, via secretariat@olpmodaraba.com.
• 🌐 The Annual Report for the year ended June 30, 2025, is available on the Modaraba’s website.
• 🖨️ Hard copies of the audited financial statements are available upon request.
• 💳 Dividend payments will be made electronically to certificate holders’ bank accounts.
• 📑 Certificate holders must submit their CNIC/SNIC to the Shares Registrar to avoid dividend withholding.
• ⚠️ Withholding tax on dividend income is applicable, with rates of 15% for filers and 30% for non-filers as per Finance Act, 2025.
• 🏢 Corporate certificate holders must provide a valid Income Tax Exemption Certificate to claim tax exemption.
• 🔄 Physical shares should be converted into book entry form as per SECP’s guidelines.
• 📜 Unclaimed shares and dividends can be claimed by submitting claim forms to the Share Registrar.
• 🔗 FAMCO Share Registration Services (Pvt.) Ltd. is the Share Registrar.

🎯 Investment Thesis

Given the limited information, a HOLD recommendation seems appropriate. The company appears to be performing reasonably well with a profitable year and a dividend payout. Further information is required to make a more definitive investment decision. A neutral rating is assigned as the analysis is constrained by data availability. A price target cannot be determined without a more detailed valuation analysis.

⚡ Flash Summary

OLP Modaraba (OLPM) announced a net profit of PKR 174.077 million for the year ended June 30, 2025. The Board approved a cash dividend of 25% (PKR 2.50 per certificate of PKR 10 each) for the same period. The 26th Annual Review Meeting (ARM) will be held on October 28, 2025, both in person and via video link. The company has uploaded its annual report on its website and will provide hard copies upon request.

📌 Key Takeaways

• 💰 OLP Modaraba (OLPM) reports a net profit of PKR 174.077 million for the year ended June 30, 2025.
• 🎉 A cash dividend of 25% (PKR 2.50 per certificate of PKR 10 each) has been approved for the year ended June 30, 2025.
• 📅 The 26th Annual Review Meeting (ARM) is scheduled for October 28, 2025, at 11:00 a.m. in Karachi.
• 💻 The ARM will be accessible both in person and electronically through video link.
• 🔒 Certificate transfer books will be closed from October 21, 2025, to October 28, 2025.
• ✉️ Certificate holders wanting to attend online must register by October 20, 2025, via secretariat@olpmodaraba.com.
• 🌐 The Annual Report for the year ended June 30, 2025, is available on the Modaraba’s website.
• 🖨️ Hard copies of the audited financial statements are available upon request.
• 💳 Dividend payments will be made electronically to certificate holders’ bank accounts.
• 📑 Certificate holders must submit their CNIC/SNIC to the Shares Registrar to avoid dividend withholding.
• ⚠️ Withholding tax on dividend income is applicable, with rates of 15% for filers and 30% for non-filers as per Finance Act, 2025.
• 🏢 Corporate certificate holders must provide a valid Income Tax Exemption Certificate to claim tax exemption.
• 🔄 Physical shares should be converted into book entry form as per SECP’s guidelines.
• 📜 Unclaimed shares and dividends can be claimed by submitting claim forms to the Share Registrar.
• 🔗 FAMCO Share Registration Services (Pvt.) Ltd. is the Share Registrar.

🎯 Investment Thesis

Given the limited information, a HOLD recommendation seems appropriate. The company appears to be performing reasonably well with a profitable year and a dividend payout. Further information is required to make a more definitive investment decision. A neutral rating is assigned as the analysis is constrained by data availability. A price target cannot be determined without a more detailed valuation analysis.

⚡ Flash Summary

OLP Modaraba (OLPM) reported a net profit of PKR 174.077 million for the year ended June 30, 2025, reflecting a 10.36% increase from the previous year. The board has approved a cash dividend of 25% (PKR 2.50 per certificate). The announcement underscores OLPM’s robust operational performance and sustained commitment to creating value for its certificate holders despite macroeconomic headwinds. The financial highlights show growth in total assets, portfolio size, and earnings per certificate.

📌 Key Takeaways

• ✅ Net profit increased by 10.36% to PKR 174.077 million.
• 💰 Cash dividend of PKR 2.50 per certificate declared (25%).
• 📈 Total assets grew by 14.67% to PKR 8.874 billion.
• 📊 Ijarah and Diminishing Musharaka portfolio reached PKR 7.383 billion, a 18.78% increase YoY.
• ⭐ Earnings per certificate (EPC) increased to PKR 3.84 from PKR 3.48.
• 🏦 Total disbursements increased to PKR 3.470 billion, up from PKR 3.197 billion.
• 💼 Key audit matter: Focus on ECL (Expected Credit Loss) against ijarah and diminishing musharika.
• 🏆 Recognized with the Corporate Excellence Trophy and the Top Performance Award.
• 🏅 Maintained a credit rating of AA (long-term) and A1+ (short-term) from PACRA.
• 🌱 Commitment to environmental protection and conservation efforts through various initiatives.
• 🤝 Emphasis on regulatory alignment and operational resilience.
• 🌍 Increased focus on engaging with Medium and Small sized Enterprises (MSEs).
• 🔒 Stringent Internal Controls: Robust risk management and compliance framework.

🎯 Investment Thesis

Given the consistent performance and solid fundamentals, a HOLD recommendation is warranted. However, potential investors should closely monitor credit risk and market volatility due to local conditions. As the local stock market does not reflect actual valuations, it would be value trap to go aggressively BUY