Soneri Bank profit slides 31% to Rs3bn in 9MFY25

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MG News | October 22, 2025 at 03:41 PM GMT+05:00

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October 22, 2025 (MLN): Soneri Bank Limited (PSX: SNBL) has revealed its financial results for the nine months ended September 30, 2025, reporting a profit after tax (PAT) of Rs3.30bn, down 30.7% from Rs4.77bn in the same period last year (SPLY).

The earnings per share (EPS) came in at Rs2.99, compared to Rs4.32 in SPLY.

The bank’s total income rose 14.4% year-on-year to Rs27.52bn, driven by robust growth in non-mark-up income and improvement in net interest margins.

Net mark-up/interest income increased 11.5% to Rs20.99bn, as mark-up earned fell 26.7% to Rs64.39bn, while interest expense declined more sharply by 37.1% to Rs43.39bn.

On the other hand, non-mark-up/interest income surged 24.8% to Rs6.52bn, supported by a strong rebound in gains on securities that jumped 519.2% to Rs1.55bn, alongside growth in fee and commission income (+14.3%) and dividend income (+24.2%). However, foreign exchange income dropped 30.3% to Rs1.13bn.

Operating expenses increased 21% year-on-year to Rs17.28bn, while total non-mark-up expenses rose 22.8% to Rs17.83bn, showing higher administrative costs and other charges.

Credit loss allowances and write-offs stood at Rs77.97m, compared to a reversal of Rs192.04m last year, resulting in a profit before tax of Rs9.60bn, marginally down 1.3% from Rs9.73 billion in SPLY.

After accounting for taxation of Rs6.30bn (up 26.9% YoY), the net profit settled at Rs3.30bn, marking a notable decline from the previous year’s Rs4.77bn.

STATEMENT OF PROFIT OR LOSS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025 (Rs.000)

Description

9M 2025

9M 2024

Change%

Mark-up/return/interest earned

64,391,563

87,806,091

-26.67%

Mark-up/return/interest expensed

43,394,442

68,969,726

-37.08%

Net mark-up/interest income

20,997,121

18,836,365

11.47%

Fee and commission income

3,602,993

3,152,052

14.31%

Dividend income

140,847

113,386

24.22%

Foreign exchange income

1,134,832

1,628,970

-30.33%

Gain/(loss) on securities

1,553,751

250,927

519.20%

Other income

85,707

79,401

7.94%

Total non mark-up/interest income

6,518,130

5,224,736

24.76%

TOTAL INCOME

27,515,251

24,061,101

14.36%

Operating expenses

17,282,161

14,287,900

20.96%

Workers' Welfare Fund

192,121

198,644

-3.28%

Other charges

358,638

33,059

984.84%

Total non mark-up/interest expenses

17,832,920

14,519,603

22.82%

Profit before credit loss allowance

9,682,331

9,541,498

1.48%

Credit loss allowance and write offs - net

77,970

(192,036)

Profit before tax

9,604,361

9,733,534

-1.33%

Taxation

6,303,553

4,967,751

26.89%

Profit After Taxation

3,303,808

4,765,783

-30.68%

Basic and dilute earning per share (Rupees)

2.9968

4.3228

-30.67%

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