Faysal Bank half-year profit slips by 23%

MG News | August 28, 2025 at 01:13 PM GMT+05:00

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August 28, 2025 (MLN): Faysal Bank Limited (PSX: FABL) reported a profit after tax of Rs10.42 billion for the half year ended June 30, 2025, reflecting a 23.13% decline compared to Rs13.56bn in the same period last year.

The bank has declared an interim cash dividend of Rs1.5 per share (15%), in addition to the 15% interim dividend already paid to shareholders.

The bank’s earnings per share (EPS) also dropped to Rs6.87 from Rs8.94, down 23.15% year-on-year.

Total income decreased by 3.40% to Rs46.65bn, compared to Rs48.29bn in the corresponding period of 2024.

Net profit/return fell 10.52% to Rs34.45bn, despite a 24.59% rise in total other income, which stood at Rs12.20bn.

The growth in other income was driven by a 34.68% increase in fee and commission income and a 34.11% rise in foreign exchange income.

However, dividend income declined 8.48% and gain on securities plunged 67.14%.

Other income also fell 57.19%.

On the expense side, operating expenses rose 22.06% to Rs27.29bn, while the Workers’ Welfare Fund expense decreased 17.22% to Rs444.37mn.

Other charges declined significantly by 88.52%.

Profit before credit loss allowance stood at Rs19.03bn, down 25.47% from last year.

However, reversal of credit loss allowance and write-offs amounted to Rs3.51bn, sharply higher than Rs798mn in the same period of 2024.

As a result, profit before taxation came in at Rs22.55bn, reflecting a 14.39% decline from Rs26.34bn a year earlier.

The bank paid Rs12.12bn in taxation, 5.11% lower than last year.

Consolidated Statement of Profit and Loss for the Half Year Ended June 30, 2025 (Rs '000')
DESCRIPTION	Jun-25	Jun-24	%Change
Profit / return earned	83,998,604	120,245,027	-30.14%
Profit / return expensed	49,547,479	81,744,689	-39.39%
Net profit / return	34,451,125	38,500,338	-10.52%
OTHER INCOME
Fee and commission income	8,098,186	6,012,688	34.68%
Dividend income	204,144	223,070	-8.48%
Foreign exchange income	3,727,506	2,779,459	34.11%
(Loss) / Income from derivatives	(6,171)	(5,947)	3.77%
Gain on securities - net	210,077	639,232	-67.14%
Net loss on derecognition of financial assets measured at amortised cost	(165,256)	(165,256)	0.00%
Other income	132,551	309,660	-57.19%
Total other income	12,201,037	9,792,906	24.59%
Total income	46,652,162	48,293,244	-3.40%
OTHER EXPENSES
Operating expenses	27,294,276	22,361,709	22.06%
Workers welfare fund	444,366	536,818	-17.22%
Other charges	4,234	36,897	-88.52%
Total other expenses	27,742,876	22,935,424	20.96%
Profit before credit loss allowance	19,034,164	25,540,137	-25.47%
Reversal of credit loss allowance and write offs - net	(3,514,221)	(797,779)	340.50%
PROFIT BEFORE TAXATION	22,548,385	26,337,916	-14.39%
Taxation	12,123,399	12,776,747	-5.11%
PROFIT AFTER TAXATION	10,424,986	13,561,169	-23.13%
Basic and diluted earnings per share	6.87	8.94	-23.15%

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