Meezan Bank Reports Rs22.42 Billion Profit in Q1 2025

Meezan Bank Limited has reported a profit of Rs22.42 billion for the quarter ended March 31, 2025, a decline of 10.61% from Rs25.08 billion in the same period last year, with the bank declaring an interim cash dividend of Rs7 per share, representing 70%.

The profit/return earned on Islamic financing and related assets, investments, and placements decreased by 9.72% to Rs107.62 billion, while profit/return on deposits and other dues expensed dropped by 11.73% to Rs45.86 billion. The net profit/return fell by 8.13% to Rs61.78 billion. Total other income increased by 32.70% to Rs9.24 billion, driven by a 234.31% rise in foreign exchange income.

Fee and commission income rose by 21.93% to Rs7.21 billion, while dividend income plummeted by 68.72% to Rs57.14 million. The bank's operating expenses decreased by 6.81% to Rs19.17 billion. Profit before taxation stood at Rs49.27 billion, a decline of 6.10% from Rs52.47 billion in the corresponding period. Taxation costs also saw a slight decline of 1.91% to Rs26.87 billion.

The bank's earnings per share (EPS) for the quarter were Rs12.32, down 11.56% from Rs13.93 in the same period last year. Meezan Bank's financial performance reflects the challenges faced by the banking sector, with the bank's management working to navigate these challenges and maintain its position in the market.