Soneri Bank profit slides 31% to Rs3bn in 9MFY25

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.

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