Askari Bank half-year profit jumps 24% to Rs10.7bn

MG News | August 21, 2025 at 06:01 PM GMT+05:00

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August 21, 2025 (MLN): Askari Bank Limited (PSX: AKBL) reported a robust financial performance for the half year ended June 30, 2025, with profit after tax rising 24% to Rs10.7bn, translating into earnings per share of Rs7.38 compared to Rs5.61 in the same period last year.

The bank declared a cash dividend of Rs2 per share.

Despite a 39% decline in mark-up/interest earned to Rs148.69bn, mark-up/interest expensed fell more sharply by 71% to Rs106.07bn, resulting in a 40% increase in net mark-up/interest income to Rs42.62bn.

Non-mark-up/interest income grew 33% to Rs49.66bn, although fee and commission income dipped 2% to Rs3.59bn, dividend income dropped 22% to Rs415m, and foreign exchange income declined 38% to Rs1.75bn.

Income from derivatives remained nil, while gain on securities rose 6% to Rs962m and other income surged 24% to Rs314m.

On the expense side, operating expenses increased 18% to Rs20.85bn, workers’ welfare fund contributions rose 8% to Rs292m bringing total non-mark-up/interest expenses up by 18% to Rs21.14bn.

Profit before credit loss allowance improved 44% to Rs28.52bn, and after accounting for a credit loss allowance of Rs637m, profit before taxation rose 42% to Rs27.88bn.

lastly, taxation increased 32% to Rs17.84bn,

CONSOLIDATED STATEMENT OF PROFIT OR LOSS FOR THE SIX MONTH ENDED JUNE 30, 2025 (Rs.000)
Descriptions	1HFY25	1HFY24	change%
Mark-up / Interest Earned	148,691,671	206,497,499	-39%
Mark-up / Interest Expensed	106,067,833	180,940,706	-71%
Net Mark-up / Interest Income	42,623,838	25,556,793	40%
Fee and Commission Income	3,588,397	3,673,560	-2%
Dividend Income	415,269	504,580	-22%
Foreign Exchange Income	1,754,476	2,414,466	-38%
Income / (Loss) from Derivatives
Gain on Securities	962,051	900,019	6%
Other income	313,542	236,819	24%
Total non-markup / interest income	7,033,735	7,729,444	-10%
Total Non-Markup / Interest Income	49,657,573	33,286,237	33%
Operating Expenses	20,845,085	17,150,350	18%
Workers' Welfare Fund	292,078	270,000	8%
Other Charges	3,303	9,272	-181%
Total Non-Markup / Interest Expenses	21,140,466	17,429,622	18%
Profit Before Credit Loss Allowance	28,517,107	15,856,615	44%
Credit Loss Allowance / Provisions (Net)	636,618	-452,291
Extraordinary / Unusual Items	-	-
Profit Before Taxation	27,880,489	16,308,906	42%
Taxation	17,185,002	8,172,217	52%
Profit After Taxation	10,695,487	8,136,689	24%
Profit Attributable to Non-controlling Interest	57,878	43,807	24%
Profit Attributable to Equity Holders of the Bank	10,637,609	8,092,882	24%
Basic and Diluted Earnings per Share	7.38	5.61	24%

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