Meezan Bank half-year profit falls nearly 10%

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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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