Meezan Bank profit moderates to Rs70bn in 9MFY25
MG News | October 24, 2025 at 12:14 PM GMT+05:00
October 24, 2025 (MLN): Meezan Bank Limited (PSX: MEBL) reported a profit after taxation of
Rs70.52bn for the nine months ended September 30, 2025, down 10% from Rs78.33bn
in the corresponding period last year.
Earnings per share declined to Rs38.59 compared to Rs43.42 in 9MFY24.
Dividend by the company is declared at Rs7 per share.
Profit/return earned
on Islamic financing and related assets, investments and placements decreased
17.5% year-on-year to Rs312.13bn from Rs378.34bn, showing lower yields during
the period. Profit/return on deposits and other dues expensed fell 24.5% to
Rs123.91bn from Rs164.19bn.
Net profit/return
contracted 12.1% to Rs188.21bn against Rs214.15bn in 9MFY24.
Fee and commission
income increased 19.2% to Rs21.84bn, while dividend income declined 52.3% to
Rs232.5m from Rs487.5m last year.
Foreign exchange
income surged 8.8 times to Rs5.99bn from Rs608.3m. Gain on securities increased
3.6 times to Rs1.03bn from Rs282.7m in 9MFY24. Other income rose 27.6% to
Rs1.15bn from Rs898.1m.
Total other income
increased 46.8% to Rs30.24bn from Rs20.60bn last year.
Total income
declined 6.9% to Rs218.45bn from Rs234.75bn in 9MFY24.
Operating expenses
decreased 4% to Rs61.9bn from Rs64.51bn. Workers welfare fund declined 3.8% to
Rs3.35bn from Rs3.48bn. Other charges dropped 84.8% to Rs67.6m from Rs444.1m.
Total other expenses
decreased 4.6% to Rs65.31bn from Rs68.43bn last year.
Share of profit of
associates increased 2.5 times to Rs3.2bn from Rs1.28bn in the previous year.
Profit before credit
loss allowance/provisions stood at Rs156.34bn, down 6.7% from Rs167.59bn in
9MFY24.
The bank reported no
extraordinary/unusual items in either period.
Profit before
taxation declined 7.8% to Rs152.71bn from Rs165.69bn in 9MFY24.
Taxation declined
5.9% to Rs82.18bn from Rs87.36bn in the prior period.
The bank concluded
9MFY25 with a net profit of Rs70.52bn, delivering a net profit margin of 32.3%
compared to 33.4% in 9MFY24.
The profit decline was driven by compressed
net profit/return income and higher credit loss provisions, partially offset by
strong growth in foreign exchange income, gains on securities, and increased
share of profit from associates.
|
STATEMENT
OF PROFIT OR LOSS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025 (Rs.000) |
|||
|
Description |
9MFY25 |
9MFY24 |
change% |
|
Profit
/ return earned on Islamic financing and related assets, investments and
placements |
312,125,967 |
378,341,563 |
-17.5% |
|
Profit
/ return on deposits and other dues expensed |
123,913,692 |
164,189,149 |
-24.5% |
|
Net
profit / return |
188,212,275 |
214,152,414 |
-12.1% |
|
OTHER
INCOME |
|||
|
Fee and
commission income |
21,842,864 |
18,322,631 |
19.2% |
|
Dividend
income |
232,477 |
487,514 |
-52.3% |
|
Foreign
exchange income |
5,987,429 |
608,280 |
884.3% |
|
Gain on
securities |
1,028,789 |
282,699 |
263.9% |
|
Other
income |
1,146,405 |
898,109 |
27.6% |
|
Total
other income |
30,237,964 |
20,599,233 |
46.8% |
|
Total
Income |
218,450,239 |
234,751,647 |
-6.9% |
|
OTHER
EXPENSES |
|||
|
Operating
expenses |
61,899,172 |
64,510,548 |
-4.0% |
|
Workers
welfare fund |
3,346,820 |
3,480,187 |
-3.8% |
|
Other
charges |
67,571 |
444,129 |
-84.8% |
|
Total
other expenses |
65,313,563 |
68,434,864 |
-4.6% |
|
Share
of profit of associates |
3,203,771 |
1,278,119 |
150.7% |
|
Profit
before credit loss allowance / provisions |
156,340,447 |
167,594,902 |
-6.7% |
|
Credit
loss allowance / provisions and write offs / (reversal of provisions / credit
loss allowance) - net |
3,634,014 |
1,900,566 |
91.2% |
|
Extra
ordinary / unusual items |
- |
- |
|
|
PROFIT
BEFORE TAXATION |
152,706,433 |
165,694,336 |
-7.8% |
|
Taxation |
82,184,208 |
87,363,215 |
-5.9% |
|
PROFIT
AFTER TAXATION |
70,522,225 |
78,331,101 |
-10.0% |
|
Earning
per share |
38.59 |
43.42 |
-11.1% |
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