<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Meezan Bank Ltd (MEBL) announced its 2QCY25 financial results earlier today, wherein the bank posted NPAT of PkR24.1bn (EPS: PkR13.4) for the quarter, down 9%YoY/up 9%QoQ. The result is higher than our expectations, primarily due to lower than expected profit on deposits along with lower admin expenses. In addition to the result, bank announced an interim cash payout of PkR7.0/sh, in line with our expectation, taking half year cash payout to PkR14.0/sh.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Net spread earned was recorded at PkR64.0bn in 2QCY25, down by 9%YoY/up 4%QoQ, due to increase in investment book on a sequential basis.</span></li></ul>
