Bank Makramah returns to profit in first half of 2025

MG News | August 01, 2025 at 12:21 PM GMT+05:00

0:00

August 1, 2025 (MLN): Bank Makramah Limited (PSX: BML) posted a net profit of Rs715.63 million for the half-year ended June 30, 2025, reversing a net loss of Rs1.44 billion in the same period last year (SPLY).

The turnaround was supported by a 26.55% year-on-year (YoY) increase in non-markup/interest income, which rose to Rs2.32bn, led by a 446.47% surge in gains on securities, offsetting declines in foreign exchange and other income.

Net markup/interest expense narrowed sharply by 82.84% YoY to Rs358.79m, as both interest earned and expensed saw reductions of 52.63% and 55.28%, respectively.

On the expense side, total non-markup/interest expenses rose 7.13% YoY to Rs4.17bn, largely on account of higher operating costs.

Credit loss allowance and write-offs more than doubled to Rs3.67bn, up 112.66% YoY, but this was outweighed by the improvement in core income.

As a result, the bank reported a profit before taxation of Rs1.46bn compared to a loss of Rs2.43bn in the corresponding period last year.

After taxation of Rs742.54m, the profit after tax stood at Rs715.63m, translating into basic and diluted earnings per share of Rs0.11, compared to a loss per share of Rs0.22 in SPLY.

Consolidated Statement of Profit and Loss for the Half Year Ended June 30, 2025 (Rs ‘000’)
Description	Jun-25	Jun-24	%Change
Mark-up / Interest Earned	10,322,284	21,791,130	-52.63%
Mark-up / Interest Expensed	10,681,075	23,882,226	-55.28%
Net Mark-up / Interest Expense	(358,791)	(2,091,096)	-82.84%
Fee & Commission Income	561,648	565,582	-0.70%
Dividend Income	4,220	3,571	18.17%
Foreign Exchange Income	113,776	296,424	-61.62%
Gain on Securities	1,524,195	278,915	446.47%
Other Income	117,607	689,901	-82.95%
Total Non-Mark-up / Interest Income	2,321,446	1,834,393	26.55%
Total Income	1,962,655	(256,703)
Operating Expenses	4,170,434	3,893,120	7.12%
Other Charges	367	104	252.88%
Total Non-Mark-up / Interest Expenses	4,170,801	3,893,224	7.13%
Loss Before Credit Loss Allowance	(2,208,146)	(4,149,927)	-46.79%
Credit Loss Allowance & Write-offs – Net	(3,666,310)	(1,724,005)	112.66%
Profit / (Loss) Before Taxation	1,458,164	(2,425,922)
Taxation	742,537	(987,905)
Profit / (Loss) After Taxation	715,627	(1,438,017)
Basic Earnings / (Loss) Per Share	0.11	(0.22)
Diluted Earnings / (Loss) Per Share	0.11	(0.22)

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