MEBL declares Rs8 dividend

MG News | October 22, 2026 at 12:43 PM GMT+05:00

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October 22, 2026 (MLN): Meezan Bank Limited (PSX: MEBL) reported a 6% increase in its consolidated net profit for the nine months ended September 30, 2026 (9MCY26), reaching Rs74.65bn compared to Rs70.52bn in the corresponding period last year.

Alongside the financial results, the board declared an interim cash dividend for the of Rs8 per share.

Reflecting this bottom-line growth, basic earnings per share (EPS) expanded to Rs41.02 (diluted EPS of Rs40.78), up from basic EPS of Rs38.59 (diluted EPS of Rs38.36) in 9MCY25.

For the third quarter (Q3CY26) alone, net profit increased 11% to Rs26.01bn (basic EPS of Rs14.34) compared to Rs23.38bn (basic EPS of Rs12.65) in Q3CY25.

The primary catalyst supporting the nine-month performance was a 5% expansion in net profit/return earned alongside a 19% surge in non-funded income.

Total profit/return earned on Islamic financing and placements grew 13% to Rs353.04bn. After expensing profit on deposits of Rs155.32bn, net profit/return settled at Rs197.72bn compared to Rs188.21bn in 9MCY25.

On the fee and non-funded income front, fee and commission income rose 20% to Rs26.14bn, foreign exchange income jumped 19% to Rs7.15bn, and gain on securities expanded 15% to Rs1.18bn. Total other income reached Rs36.09bn, driving total income up 7% to Rs233.81bn.

On the operational side, operating expenses rose 17% to Rs72.12bn, bringing total other expenses to Rs75.56bn.

Profit before credit loss allowance rose 1% to Rs157.90bn, further supported by a significant 98% reduction in net credit loss provisioning (Rs65.62m down from Rs3.63bn in 9MCY25).

This offset a negative swing in share of profit from associates (a loss of Rs346.37m), pushing pre-tax profit up 3% to Rs157.83bn.

The bank absorbed a corporate tax charge of Rs83.18bn for the period (up 1% from Rs82.18bn in 9MCY25). Backed by strong Islamic financing returns, non-funded income expansion, and lower provision charges, Meezan Bank Limited securely closed the nine-month period with its net profit reaching Rs74.65bn.

STATEMENT OF PROFIT OR LOSS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2026 (Rs.000)
Description	2026	2025	change %
Profit / return earned on Islamic financing, investments and placements	353,036,640	312,125,967	13.1%
Profit / return on deposits and other dues expensed	(155,321,632)	(123,913,692)	25.3%
Net profit / return	197,715,008	188,212,275	5.0%
Fee and commission income	26,135,140	21,842,864	19.7%
Dividend income	340,279	232,477	46.4%
Foreign exchange Income	7,149,082	5,987,429	19.4%
Gain on securities	1,179,009	1,028,789	14.6%
Other income	1,287,799	1,146,405	12.3%
Total other income	36,091,309	30,237,964	19.4%
Total income	233,806,317	218,450,239	7.0%
Operating expenses	(72,119,744)	(61,899,172)	16.5%
Workers welfare fund	(3,427,157)	(3,346,820)	2.4%
Other charges	(15,704)	(67,571)	-76.8%
Total other expenses	(75,562,605)	(65,313,563)	15.7%
Share of profit of associates	(346,371)	3,203,771
Profit before credit loss allowance / provisions	157,897,341	156,340,447	1.0%
Credit loss allowance / provisions and write offs - net	(65,622)	(3,634,014)	-98.2%
PROFIT BEFORE TAXATION	157,831,719	152,706,433	3.4%
Taxation	(83,177,186)	(82,184,208)	1.2%
PROFIT AFTER TAXATION	74,654,533	70,522,225	5.9%
Basic earnings per share (Rupees)	41.02	38.59	6.3%
Diluted earnings per share (Rupees)	40.78	38.36	6.3%

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