Meezan Bank half-year profit falls nearly 10%

MG News | August 13, 2025 at 04:11 PM GMT+05:00

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August 13, 2025 (MLN): Meezan Bank Limited (PSX: MEBL) shared its financial results for the half-year ended June 30, 2025 (1HF25), reporting a profit after tax of Rs47.14 billion, down 9.66% from Rs52.12bn recorded in the same period last year.

The bank’s earnings per share (EPS) stood at Rs25.97, compared to Rs28.92 in 1HF24, which showed a decline of 10.2% YoY.

A cash dividend of Rs7 per share was given for the half year ended.

Profit/return earned on Islamic financing, investments, and placements dropped by 16.1% to Rs209.54bn.

Similarly, profit/return on deposits and other dues expensed fell by 25.3% to Rs83.79bn, resulting in a net profit/return of Rs125.74bn, down 8.6% YoY.

Fee and commission income rose by 23.8% to Rs14.02bn, while foreign exchange income grew to Rs3.24bn, but gain on securities dropped by 34.9% to Rs669 million.

Other income increased by 32.3% to Rs804m.

Total income declined by 4.6% YoY to Rs144bn.

On the expense side, operating expenses fell 16.5% to Rs35.38bn, while Workers Welfare Fund expenses declined 1.6% to Rs2.28bn.

Consequently, profit before tax fell by 2.9% to Rs104.33bn, while taxation expenses rose 3.4% to Rs57.19bn.

Consolidated Statement for profit and loss for the half year ended on June 30, 2025 (Rs in '000')
Description	1HFY25	1HFY24	change%
Profit / return earned on Islamic financing and related assets, investments and placements	209,535,252	249,679,139	-16.1%
Profit / return on deposits and other dues expensed	(83,794,414)	(112,175,918)	-25.3%
Net profit / return	125,740,838	137,503,221	-8.6%
Fee and commission income	14,024,872	11,329,710	23.8%
Dividend income	173,209	656,192	-73.6%
Foreign exchange income	3,238,562	579,184	459.2%
Gain on securities	669,304	1,027,876	-34.9%
Other income	804,078	607,776	32.3%
Total other income	18,910,025	14,200,738	33.2%
Total income	144,650,863	151,703,959	-4.6%
Operating expenses	(35,376,246)	(42,379,242)	-16.5%
Workers Welfare Fund	(2,217,630)	(2,253,945)	-1.6%
Other charges	(62,882)	(133,519)	-52.9%
Total other expenses	(37,656,758)	(44,766,706)	-15.9%
Share of profit of associates	711,214	(205,971)
Profit before credit loss allowance / provisions	107,705,319	106,731,282	0.9%
Credit loss allowance / provisions (net)	3,378,592	(672,201)
Profit before taxation	104,326,727	107,403,483	-2.9%
Taxation	(57,186,365)	(55,281,783)	3.4%
Profit after taxation	47,140,362	52,121,700	-9.6%
Earnings Per Share (Basic)	25.97	28.92	-10.2%

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