Samba Bank posts Rs186m profit in H1 2025

MG News | August 28, 2025 at 10:18 AM GMT+05:00

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August 28, 2025 (MLN): Samba Bank Limited (PSX: SBL) reported a sharp decline in profitability for the half year ended June 30, 2025, posting a profit after tax of Rs185.53 million, down 72% from Rs662.93m in the same period last year. Earnings per share (EPS) fell to Rs0.02 from Rs0.30, reflecting a 93.3% plunge.

Net mark-up/interest income dropped 25.8% year-on-year to Rs2.94 billion from Rs3.96bn, as mark-up earned declined 28.7% to Rs10.79bn while interest expenses fell 29.7% to Rs7.85bn.

Non-markup income stood nearly flat at Rs884.79m against Rs889.82m a year earlier. Within this, fee and commission income rose marginally by 0.9% to Rs174.94m, dividend income increased 21.4% to Rs31.23m, and gains on securities surged over 10 times to Rs289.87m.

However, foreign exchange income dropped 47.7% to Rs347.67m. Other income also jumped significantly to Rs41.09m from just Rs1.18m last year.

Operating expenses eased slightly by 2.4% to Rs2.52bn, while workers welfare fund charges dropped 67.1% to Rs14.78m. Total non-markup/interest expenses came in at Rs2.54bn, showing a sharp decline of 90.4% from Rs26.31bn in the prior year.

As a result, profit before provisions fell 42% to Rs1.29bn. Provisions and write-offs eased 4% to Rs883.53m. Profit before tax plunged 68.9% to Rs405.20m from Rs1.30bn last year. After taxation of Rs219.68m, which was down 65.7%, net profit settled at Rs185.53m.

STATEMENT OF PROFIT OR LOSS FOR THE HALF YEAR ENDED (Rs.000)
Descriptions	30-Jun-25	30-Jun-24	Change %
Mark-up / return / interest earned	10,789,363	15,124,054	-28.66%
Mark-up / return / interest expense	7,845,883	11,159,356	-29.69%
Net mark-up / interest income	2,942,480	3,964,698	-25.78%
Fee and commission income	174,941	173,388	0.90%
Dividend income	31,231	25,720	21.43%
Foreign exchange income	347,665	665,288	-47.74%
Gain / (loss) on securities	289,868	24,251	1095.28%
Other income	41,085	1,177	3390.65%
Total non-markup / interest income	884,790	889,824	-0.57%
Total Income	3,828,270	4,854,522	-21.14%
Operating expenses	2,524,429	2,586,143	-2.39%
Workers welfare fund	14,782	45,000	-67.15%
Other charges	330	280	17.86%
Total non-markup / interest expenses	2,539,541	26,314,123	-90.35%
Profit Before Provisions	1,288,729	2,223,099	-42.03%
Provisions and write offs - net	883,525	919,910	-3.96%
Profit Before Taxation	405,204	1,303,189	-68.91%
Taxation	219,678	640,261	-65.69%
Profit After Taxation	185,526	662,928	-72.01%
Basic and dilute earning per share (Rupees)	0.02	0.30	-93.33%

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