October 29, 2025 (MLN): Askari Bank Limited (PSX: AKBL), a leading commercial bank in Pakistan, reported a profit after tax of Rs18.2bn for the nine months ended September 30, 2025, showing a growth of 28.53% compared to Rs14.2bn in the same period last year.
Earnings per share (EPS) jumped 28.56% to Rs12.56, up from Rs9.77 in the corresponding period of 2024.
The company's total income surged 41.65% year-on-year to Rs79.1bn, compared to Rs55.9bn last year, driven by improved net mark-up/interest income and strong non-markup income performance.
Net mark-up/interest income increased substantially by 47.22% to Rs65.5bn, as mark-up/return/interest earned declined 27.75% to Rs225.3bn while mark-up/return/interest expensed decreased more significantly by 40.23% to Rs159.8bn.
Total non mark-up/interest income rose 19.87% to Rs13.6bn from Rs11.4bn in the prior-year period.
Fee and commission income increased 14.35% to Rs6.2bn, while dividend income grew marginally by 1.89% to Rs663.7m.
Gain on securities surged 128.64% to Rs3.0bn compared to Rs1.3bn last year. Foreign exchange income declined 6.97% to Rs3.3bn, while other income increased 2.90% to Rs416.7m.
Operating expenses increased 30.39% to Rs34.2bn, while Workers' Welfare Fund expenses rose 16.83% to Rs478.1m. Other charges decreased significantly by 67.60% to Rs20.9m. Total non-markup/interest expenses increased 29.94% to Rs34.7bn compared to Rs26.7bn last year.
The bank's profit before credit loss allowance surged 52.40% to Rs44.4bn from Rs29.1bn. Credit loss allowance/provisions and write-offs declined 34.44% to Rs808.2m.
Profit before taxation jumped 56.23% to Rs43.6bn, compared to Rs27.9bn in 9M 2024. Taxation expense increased substantially by 84.77% to Rs25.4bn from Rs13.7bn in the corresponding period, leading to a profit after taxation of Rs18.2bn.
Non-controlling interest rose 49.90% to Rs109.7m, while equity holders of the Bank earned Rs18.1bn, up 28.41% from Rs14.1bn last year.
The Board of Directors has revealed an interim cash dividend for the quarter ended September 30, 2025, at Rs1.25 per share (12.5%). This is in addition to the first interim cash dividend already paid at Rs2.0 per share (20%).
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STATEMENT OF PROFIT OR LOSS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025 (Rs.000) |
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|
Description |
2025 |
2024 |
Change% |
|
Mark-up / return / interest earned |
225,285,222 |
311,794,245 |
-27.75% |
|
Mark-up / return / interest expensed |
159,769,413 |
267,291,542 |
-40.23% |
|
Net mark-up / interest income |
65,515,809 |
44,502,703 |
47.22% |
|
Fee and commission income |
6,181,129 |
5,405,298 |
14.35% |
|
Dividend income |
663,728 |
651,443 |
1.89% |
|
Foreign exchange income |
3,324,915 |
3,574,024 |
-6.97% |
|
Gain on securities |
3,033,537 |
1,326,786 |
128.64% |
|
Other income |
416,669 |
404,932 |
2.90% |
|
Total non mark-up / interest income |
13,619,978 |
11,362,483 |
19.87% |
|
Total income |
79,135,787 |
55,865,186 |
41.65% |
|
Operating expenses |
34,232,565 |
26,254,430 |
30.39% |
|
Workers' Welfare Fund |
478,128 |
409,262 |
16.83% |
|
Other charges |
20,862 |
64,387 |
-67.60% |
|
Total non-markup / interest expenses |
34,731,555 |
26,728,079 |
29.94% |
|
Profit before credit loss allowance |
44,404,232 |
29,137,107 |
52.40% |
|
Credit loss allowance / provisions and write-offs - net |
808,180 |
1,232,728 |
-34.44% |
|
PROFIT BEFORE TAXATION |
43,596,052 |
27,904,379 |
56.23% |
|
Taxation |
25,398,748 |
13,745,903 |
84.77% |
|
PROFIT AFTER TAXATION |
18,197,304 |
14,158,476 |
28.53% |
|
Non-controlling interest |
109,725 |
73,198 |
49.90% |
|
Equity holders of the Bank |
18,087,579 |
14,085,278 |
28.41% |
|
Total profit after taxation |
18,197,304 |
14,158,476 |
28.53% |
|
Basic and diluted earnings per share (Rupees) |
12.56 |
9.77 |
28.56% |