Karachi, October 24, 2025 – Meezan Bank Limited (MEBL), Pakistan’s largest Islamic bank, announced an 11% drop in consolidated profit after tax (PAT) for the third quarter ended September 30, 2025, according to a financial statement submitted to the Pakistan Stock Exchange (PSX) on Friday.
The bank reported a profit after tax of Rs23.38 billion, compared to Rs26.21 billion recorded in the same quarter last year. Consequently, the earnings per share (EPS) decreased to Rs12.65 during 3QCY25, from Rs14.52 in 3QCY24.
Meezan Bank’s Board of Directors also approved an interim cash dividend of Rs7 per share (70%) for the quarter and nine-month period ended September 30, 2025. This dividend is in addition to the interim dividend of Rs14 per share (140%) already distributed earlier this year.
The bank’s net profit/return on Islamic financing, related assets, and investments declined by 19%, reaching Rs62.47 billion. Despite this, fee and commission income improved by nearly 12%, climbing to Rs7.8 billion from Rs6.99 billion a year earlier.
Meezan Bank’s foreign exchange income saw a dramatic surge, rising from Rs29 million in 3QCY24 to Rs2.75 billion in 3QCY25, reflecting stronger currency market activity.
However, total income dropped by 11%, standing at Rs73.8 billion against Rs83.05 billion in the same period last year. Meanwhile, operating expenses increased by 20% to Rs26.5 billion, up from Rs22.1 billion.
As a result, Meezan Bank’s profit before tax (PBT) fell by 17%, amounting to Rs48.4 billion, compared to Rs58.3 billion last year. The bank paid Rs25 billion in taxes during the quarter, marking a 22% decline year-on-year.