Allied Bank half-year profit drops 25%

MG News | August 21, 2025 at 01:09 PM GMT+05:00

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August 21, 2025 (MLN): Allied Bank Limited (PSX: ABL) posted a profit after tax of Rs17.98bn (EPS: Rs15.71) for the half year ended June 30, 2025, down 25.3% from Rs24.08bn (EPS: Rs21.03) in the same period last year.

The bank has given dividend for the period at Rs4 per share.

The bank’s mark-up/return/interest earned fell by 25.3% to Rs143.65bn, while mark-up/return/interest expensed declined by 31.3% to Rs91.92bn. As a result, net mark-up/interest income contracted by 11.6% to Rs51.73bn.

Non-mark-up/interest income, however, grew by 8.7% to Rs15.46bn, supported by a 23.4% rise in fee and commission income to Rs9.07bn and a 101.2% increase in gain on securities to Rs1.69bn. On the other hand, dividend income dropped 16.3% to Rs1.37bn, while foreign exchange income declined by 27.5% to Rs2.96bn.

Total income decreased by 7.6% to Rs67.19bn.

On the expense side, operating expenses rose by 15.3% to Rs31.99bn, while other charges declined by 10.3% to Rs208m. Workers’ welfare fund contributions also fell by 19.8% to Rs757m.

Overall, total non-mark-up/interest expenses increased by 13.9% to Rs32.95bn.

Profit before credit loss allowance was Rs34.49bn, a decline of 21.9%. After accounting for credit loss allowance and write-offs of Rs3.31bn, profit before taxation dropped by 19.9% to Rs37.80bn.

Taxation stood at Rs19.82bn, compared to Rs23.18bn in the same period last year, a decline of 14.5%.

CONSOLIDATED STATEMENT OF PROFIT OR LOSS FOR THE SIX MONTH ENDED JUNE 30, 2025 (Rs.000)
Description	1HFY25	1HFY24	change%
Mark-up / Return / Interest Earned	143,648,450	192,414,781	-25.3%
Mark-up / Return / Interest Expensed	91,922,249	133,891,868	-31.3%
Net Mark-up / Interest Income	51,726,201	58,522,913	-11.6%
Non Mark-up / Interest Income
Fee and Commission Income	9,069,802	7,352,225	23.4%
Dividend Income	1,374,026	1,642,435	-16.3%
Foreign Exchange Income	2,956,027	4,075,697	-27.5%
Income from Derivatives	–	–
Gain on Securities – Net	1,686,842	838,259	101.2%
Net Gain / (Loss) on Derecognition of Financial Assets (Amortized Cost)	–	–
Other Income	375,289	311,349	20.5%
Total Non Mark-up / Interest Income	15,461,986	14,219,965	8.7%
Total Income	67,188,187	72,742,878	-7.6%
Non Mark-up / Interest Expenses
Operating Expenses	31,985,297	27,751,387	15.3%
Workers Welfare Fund	756,898	944,250	-19.8%
Other Charges	208,010	231,769	-10.3%
Total Non Mark-up / Interest Expenses	32,950,205	28,927,406	13.9%
Share of Profit of Associates	250,709	352,954	-29.0%
Profit Before Credit Loss Allowance	34,488,691	44,168,426	-21.9%
Credit Loss Allowance & Write-offs – Net Reversal	(3,312,999)	(3,048,229)	8.7%
Profit Before Taxation	37,801,690	47,216,655	-19.9%
Taxation	19,817,241	23,138,730	-14.4%
Profit After Taxation	17,984,449	24,077,925	-25.3%
Basic & Diluted Earnings Per Share (EPS)	15.71	21.03	-25.3%

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