B.F Modaraba (BFMOD) reported earnings per share of PKR 1.96 for FY25, compared to earnings per share of PKR 0.83 in FY24. Sugar trading continues to be highlighted as their key operational focus, fully aligned with the broader Group’s longstanding expertise in the sector.
Leveraging the Bawani Group’s extensive experience in this business, the Modaraba is well-positioned to capitalize on seasonal opportunities within the sugar market. Management intends to re-enter sugar trading in the upcoming season, with purchases expected between January and March.
While acknowledging that market rates are likely to decline, management emphasized that the Modaraba currently holds no sugar inventory. Trading will resume only once mills commence operations, prices stabilize, and a clearer view of the forward market emerges.
The company investment portfolio remains focused on long-term positions in blue-chip stocks that offer stable yield. Current direct equity exposure stands at approximately PKR 20 million, while the remainder of reserve funds is deployed indirectly through Mutual Funds and Equity Funds. The Modaraba currently operates four large vehicles under its leasing book, primarily Prado units. These vehicles are leased to a Group company engaged in construction activities, supporting predictable rental income streams
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