Samba Bank posts Rs186m profit in H1 2025

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.

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