Meezan Bank Limited (MEBL): 1HCY25 Analyst Briefing Takeaways – By AKD Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Bank&rsquo;s profit for 1HCY25 stood at PkR46.2bn (EPS: PkR25.7), down 10%YoY, due to lower Net Spread Earned and a provision expense against a reversal in SPLY.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Return on financings, investments and placements fell to PkR210bn in 1HCY25 compared to PkR250bn in 1HCY24, due to falling yields.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Total other income increased by 40%YoY to PkR16.4bn in 1HCY25 compared to PkR11.7bn in SPLY due to significant increase in Fee and commission, FX income and gain on securities.</span></li></ul>