Bank Makramah returns to profit in first half of 2025
MG News | August 01, 2025 at 12:21 PM GMT+05:00
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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