April 29, 2025 (MLN): The Bank of Khyber (PSX: BOK) reported a profit after tax of Rs1.6 billion for the quarter ended March 31, 2025, reflecting a robust year-on-year (YoY) increase of 107.52% compared to Rs772.23 million recorded in the same period last year (SPLY).
Earnings per share (EPS) stood at Rs1.38 in 1QCY25, up from Rs0.67 in 1QCY24, showing a YoY rise of 105.97%.
The bank’s net mark-up/interest income (NII) rose significantly by 45.2% YoY to Rs5.11bn, as mark-up/return/interest earned fell by 20.38% YoY to Rs13.5bn, while the corresponding expenses dropped more sharply by 37.53% to Rs8.39bn.
Non-markup/interest income surged 64.05% YoY to Rs899.91m in 1QCY25, driven primarily by a gain of Rs520.72m on securities and Rs50.97m from derecognition of financial assets.
However, fee and commission income declined by 18.90% and foreign exchange income dropped by 68.16% YoY.
Operating expenses increased by 15.25% YoY to Rs2.72bn, mirroring a similar rise in total non-markup expenses.
The bank also recorded a reversal of credit loss allowances amounting to Rs117.99m in 1QCY25, compared to a provision of Rs190.08m in SPLY, further supporting profitability.
Consequently, profit before taxation soared by 124.72% YoY to Rs3.4bn, while taxation rose sharply by 142.62% to Rs1.8bn, resulting in a solid net profit growth for the quarter.
| Financial Results for the Quarter Ended March 31, 2025 (Rupees in '000) | |||
| Category | Mar-25 | Mar-24 | %Change |
| Mark-up / Return / Interest Earned | 13,500,282 | 16,955,222 | -20.38% |
| Mark-up / Return / Interest Expensed | (8,394,671) | (13,438,855) | -37.53% |
| Net Mark-up / Interest Income | 5,105,611 | 3,516,367 | 45.20% |
| Non Mark-up / Interest Income | |||
| Fee and Commission Income | 228,101 | 281,244 | -18.90% |
| Dividend Income | – | – | |
| Foreign Exchange Income | 72,367 | 227,268 | -68.16% |
| Income / (Loss) from Derivatives | – | – | |
| Gain on Securities | 520,715 | – | |
| Net Gains on Derecognition of Financial Assets | 50,971 | – | |
| Share of Profit of Associate | 2,968 | 4,696 | -36.80% |
| Other Income | 24,783 | 35,332 | -29.86% |
| Total Non-Mark-up / Interest Income | 899,905 | 548,540 | 64.05% |
| Total Income | 6,005,516 | 4,064,907 | 47.74% |
| Non Mark-up / Interest Expenses | |||
| Operating Expenses | (2,720,474) | (2,360,455) | 15.25% |
| Workers Welfare Fund | – | – | |
| Other Charges | (130) | (100) | 30.00% |
| Total Non-Mark-up / Interest Expenses | (2,720,604) | (2,360,555) | 15.25% |
| Profit Before Credit Loss Allowance | 3,284,912 | 1,704,352 | 92.74% |
| (Reversal) / Credit Loss Allowance and Write Offs – Net | (117,989) | 190,076 | |
| Extraordinary / Unusual Items | – | – | |
| Profit Before Taxation | 3,402,901 | 1,514,276 | 124.72% |
| Taxation | (1,800,369) | (742,044) | 142.62% |
| Profit After Taxation | 1,602,532 | 772,232 | 107.52% |
| Basic and Diluted Earnings Per Share (Rs.) | 1.38 | 0.67 | 105.97% |
Copyright Mettis Link News
Posted on: 2025-04-29T16:32:43+05:00
