Meezan Bank half-year profit falls nearly 10%
MG News | August 13, 2025 at 04:11 PM GMT+05:00
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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