Meezan Bank Ltd (MEBL) announced its 4QCY25 financial results earlier today, wherein the bank posted NPAT of PkR21.8bn (EPS: PkR12.1) for the quarter, down 10%YoY/up 4%QoQ. The result is inline with our expectations. In addition to the result, bank announced a final cash payout of PkR7.0/sh, in line with our expectations, taking CY25 full-year cash payout to PkR28.0/sh.

·        Net spread earned was recorded at PkR64.2bn in 4QCY25, down by 11%YoY/ up by 3%QoQ, due to lower yields on investments and advances, however on a QoQ basis, deposit growth of 4% outweighed the contraction in NIMs.

·        Profit on Islamic financing was recorded at PkR108.3bn, down by 7%YoY/up by 6%QoQ, while profit on deposits was recorded at PkR44.1bn (flat YoY/up 10%QoQ).

Full Report

https://research.akdsl.com/639062417047987477.pdf

Courtesy – AKD Research