Meezan Bank reports nearly Rs22bn profit, decline of 11% YoY
MG News | April 21, 2025 at 12:39 PM GMT+05:00
April 21, 2025 (MLN): Meezan Bank Limited (PSX: MEBL) has reported its consolidated interim financial results for the quarter ended March 31, 2025, showing a profit of Rs22.42 billion, reflecting a 10.61% year-on-year (YoY) decline from Rs25.08bn in the same period last year.
The bank has declared an interim cash dividend of Rs7 per share, representing 70%.
The profit/return earned on Islamic financing and related assets, investments, and placements stood at Rs107.62bn, a decrease of 9.72% compared to Rs119.20bn in the previous year.
Similarly, profit/return on deposits and other dues expensed dropped by 11.73%, amounting to Rs45.86bn, down from Rs51.95bn in Q1 2024.
The net profit/return fell by 8.13%, reaching Rs61.78bn, compared to Rs67.25bn in the same period of 2024.
Total other income showed a notable 32.70% increase, climbing to Rs9.24bn, up from Rs6.96bn in the previous year.
This was largely driven by a substantial 234.31% rise in foreign exchange income, which reached Rs1.60bn from Rs477.93m in Q1 2024.
Meanwhile, fee and commission income saw an increase of 21.93%, amounting to Rs7.21bn compared to Rs5.91bn last year.
However, the bank's dividend income plummeted by 68.72%, falling to Rs57.14m from Rs182.65m in the previous year.
Additionally, a significant decline of 81.42% was recorded in the gain/loss on securities, with the figure dropping to Rs11.17m from Rs60.1m in Q1 2024.
Operating expenses decreased by 6.81%, totaling Rs19.17bn, compared to Rs20.57bn in the same period last year.
Other charges saw a drastic reduction of 93.39%, amounting to Rs8.76m, down from Rs132.60m in Q1 2025.
Profit before taxation stood at Rs49.27bn, a decrease of 6.10% from Rs52.47bn in the corresponding period of 2025.
Taxation costs also saw a slight decline of 1.91%, standing at Rs26.87bn compared to Rs27.39bn last year.
Basic earnings per share (EPS) for the quarter were Rs12.32, down 11.56% from Rs13.93 in the same period of 2025.
Similarly, diluted earnings per share decreased by 11.61%, from Rs13.87 to Rs12.26.
| CONDENSED INTERIM CONSOLIDATED STATEMENT OF PROFIT AND LOSS ACCOUNT (UNAUDITED) (Rs in 000) | |||
| Particulars | Mar-25 | Mar-24 | %Change |
| Profit / return earned on Islamic financing and related assets, investments and placements | 107,619,969 | 119,204,166 | -9.72% |
| Profit / return on deposits and other dues expensed | 45,857,453 | 51,950,713 | -11.73% |
| Net profit / return | 61,782,516 | 67,253,453 | -8.13% |
| Fee and commission income | 7,211,977 | 5,914,978 | 21.93% |
| Dividend income | 57,136 | 182,647 | -68.72% |
| Foreign Exchange Income | 1,597,750 | 477,930 | 234.31% |
| Gain / (loss) on securities | 11,165 | 60,100 | -81.42% |
| Other income | 364,089 | 329,270 | 10.57% |
| Total other income | 9,242,117 | 6,964,925 | 32.70% |
| Total income | 71,024,633 | 74,218,376 | -4.30% |
| Operating expenses | 19,167,397 | 20,568,165 | -6.81% |
| Workers Welfare Fund | 1,043,979 | 1,128,469 | -7.49% |
| Other charges | 8,763 | 132,596 | -93.39% |
| Total other expenses | 20,220,139 | 21,859,230 | -7.50% |
| Share of profit of associates | 50,804,494 | 52,359,148 | -2.97% |
| Credit loss allowance / provisions and write offs - net | 338,492 | 374,589 | -9.64% |
| Extra ordinary / unusual items | - | - | |
| PROFIT BEFORE TAXATION | 49,268,606 | 52,470,727 | -6.10% |
| Taxation | 26,866,315 | 27,390,550 | -1.91% |
| PROFIT AFTER TAXATION | 22,418,291 | 25,080,177 | -10.61% |
| Shareholders of the Holding company | 22,106,837 | 24,956,287 | -11.42% |
| Non-controlling interest | 311,454 | 123,890 | 151.40% |
| Net profit | 22,418,291 | 25,080,177 | -10.61% |
| Basic earnings per share | 12.32 | 13.93 | -11.56% |
| Diluted earnings per share | 12.26 | 13.87 | -11.61% |
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 138,412.25 167.69M | 0.32% 447.43 |
| ALLSHR | 85,702.96 423.92M | 0.15% 131.52 |
| KSE30 | 42,254.84 82.09M | 0.43% 180.24 |
| KMI30 | 194,109.59 84.37M | 0.15% 281.36 |
| KMIALLSHR | 56,713.67 217.03M | 0.03% 16.37 |
| BKTi | 37,831.34 13.04M | 1.62% 603.62 |
| OGTi | 27,440.63 3.93M | -0.09% -23.70 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 118,600.00 | 119,740.00 118,145.00 | 305.00 0.26% |
| BRENT CRUDE | 73.32 | 73.52 71.75 | 0.81 1.12% |
| RICHARDS BAY COAL MONTHLY | 96.50 | 0.00 0.00 | 2.20 2.33% |
| ROTTERDAM COAL MONTHLY | 104.50 | 104.50 104.50 | -0.30 -0.29% |
| USD RBD PALM OLEIN | 998.50 | 998.50 998.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 70.18 | 70.35 68.45 | 0.97 1.40% |
| SUGAR #11 WORLD | 16.49 | 16.58 16.37 | -0.10 -0.60% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|