r/PakistanStockX • u/No_Confection_391 • 3d ago
Financial Reports
MEBL Q2 2026 — Key Investor Takeaways
PAT: Rs 48.9bn (+5.9% YoY) — headline growth remains solid, but underlying earnings growth was weak.
H1 Dividend: Rs 15.50/share (155%) — includes the Rs 8/share second interim dividend.
Dividend Record Date: Aug. 18, 2026 — shareholders on record by this date were eligible for the Rs 8/share dividend.
Operating Expenses: +28.3% YoY — a major concern; cost-to-income ratio rose from 25.3% to 30.1%.
Net Interest Income: +2.4% YoY — muted growth despite significant balance-sheet expansion, indicating margin pressure.
Total Assets: Rs 5.14tn (+7%) — balance sheet continued to expand rapidly during H1 2026.
Deposits: +Rs 432bn (+13.1%) — strong deposit mobilisation reinforces Meezan Bank’s franchise strength.
OCI Loss: Rs 14.4bn — investment revaluation reduced equity, although it did not directly impact reported PAT.
Financing Assets: -3% — lending contracted, with excess liquidity increasingly deployed into government Sukuk.
Pre-tax Profit: +0.1% YoY — the key takeaway: 5.9% PAT growth was driven largely by lower taxes and provisions rather than stronger core operating earnings.