Meezan Bank Limited (MEBL) Financial Statements, Ratios & Dividends
About
Meezan Bank Ltd. is a bank holding company, which provides Islamic banking products and services. It operates through following segments: Corporate and Commercial Banking, Retail Banking, Trading and Sales, and Others. The Corporate and Commercial Banking segment includes project finance, export finance, trade finance, Ijarah, guarantees and bills of exchange relating to its Corporate and Commercial customers, investment banking, syndications, IPO related activities, secondary private placements, underwriting and securitization. The Retail Banking Segment consists of retail financing, deposits and banking services offered to its retail customers and small and medium enterprises. The Trading and Sales segment includes equity, foreign exchanges, commodities, own securities and placements. The Others segment includes functions which cannot be classified in any of the above segments. The company was founded by Irfan Siddiqui on January 27, 1997 and is headquartered in Karachi, Pakistan.
Financial Highlights
| FY2025 | FY2024 | ||
|---|---|---|---|
| Revenue | 457.21B | 524.97B | |
| Net Income | 90.72B | 102.69B | |
| EPS | 50.47 | 57.28 | |
| ROE | 33.76% | 46.66% | |
| ROA | 2.08% | 2.96% | |
| Net Margin | 31.37% | 32.32% | |
| Current Ratio | 0.12 | 0.13 | |
| DPS | 28.00 | 28.00 | |
| Free Cash Flow | 99.26B | 211.40B |
| FY2025 | FY2024 | ||
|---|---|---|---|
| Total Interest Income | 420.86B | 494.94B | |
| Total Interest Expense | -168.03B | -207.27B | |
| Net Interest Income | 252.83B | 287.67B | |
| Loan Loss Provision | -3.67B | -8.80B | |
| Net Interest Income after LLP | 249.17B | 278.87B | |
| Non-Interest Income | 36.35B | 30.03B | |
| Commissions & Fees | 29.75B | 25.84B | |
| Foreign Exchange Income | 5.48B | 828.51M | |
| Non-Interest Expense | -90.09B | -87.04B | |
| Labor & Personnel | -41.64B | -46.19B | |
| Total Revenue | 457.21B | 524.97B | |
| Operating Income | 195.42B | 221.86B | |
| Pre-Tax Income | 196.91B | 222.82B | |
| Income Tax | -108.12B | -122.56B | |
| Minority Interest | -1.46B | -1.03B | |
| Net Income | 90.72B | 102.69B | |
| EPS (Basic) | 50.47 | 57.28 | |
| EPS (Diluted) | 50.15 | 56.96 | |
| Non-Interest Income / Revenue | 12.57% | 9.45% | |
| Operating Margin | 67.58% | 69.83% | |
| Net Margin | 31.37% | 32.32% | |
| Pre-Tax Margin | 43.07% | 42.44% |
| FY2025 | FY2024 | ||
|---|---|---|---|
| Regulatory Capital | |||
| CET1 Ratio | 16.69% | 16.59% | |
| Tier 1 Capital Ratio | 17.13% | 17.11% | |
| Tier 2 Capital Ratio | 2.30% | 3.46% | |
| Total Capital Ratio | 19.43% | 20.57% | |
| Tier 1 Capital | 275.03B | 233.90B | |
| Risk-Weighted Assets | 1.61T | 1.37T | |
| Asset Quality | |||
| Non-Performing Loans | 31.02B | 25.24B | |
| NPL Ratio (NPL/Gross Loans) | 0.02% | 0.02% | |
| Loan Loss Coverage | -0.37% | -0.73% | |
| NPL / Loan Loss Reserve | 0.68 | 0.61 | |
| Reserve / Gross Loans | 0.03% | 0.03% | |
| Profitability | |||
| Return on Equity (ROE) | 33.76% | 46.66% | |
| Return on Assets (ROA) | 2.08% | 2.96% | |
| Operating Margin | 67.58% | 69.83% | |
| Net Margin | 31.37% | 32.32% | |
| Yield on Earning Assets | 10.93% | 16.46% | |
| Interest Income / Deposits | 8.64% | 12.06% | |
| Deposit & Loan Structure | |||
| Deposits / Total Assets | 0.68% | 0.66% | |
| Loans / Deposits (ADR) | 0.52% | 0.62% | |
| Loans / Total Assets | 0.36% | 0.41% | |
| Equity / Deposits | 0.09% | 0.10% | |
| Cash / Deposits | 0.89% | 0.83% | |
| CASA Ratio | 0.48% | 0.47% | |
| Per Share | |||
| Book Value Per Share | 158.66 | 140.25 | |
| Tangible Book Per Share | 156.72 | 138.60 | |
| Shares & Market | |||
| Total Shares Outstanding | 1,800,554,652 | 1,794,740,714 | |
| Market Cap | 800.13B | 434.27B | |
| Enterprise Value | 1.43T | 963.56B | |
| Employees | 21,313 | 19,394 | |
| Shareholders | 16,738 | 16,738 | |
| FY2025 | FY2024 | ||
|---|---|---|---|
| Dividends Per Share | 28.00 | 28.00 | |
| Dividend Yield | 6.30% | 11.57% | |
| Payout Ratio | 55.48% | 48.89% | |
| Total Dividends Paid | -50.33B | -52.82B |
| FY2025 | FY2024 | ||
|---|---|---|---|
| P/E Ratio | 8.86 | 4.25 | |
| P/B Ratio | 2.80 | 1.73 | |
| P/S Ratio | 2.78 | 1.37 | |
| P/CF Ratio | 7.28 | 1.93 | |
| Market Cap | 800.13B | 434.27B | |
| Enterprise Value | 1.43T | 963.56B |
| TTM | ||
|---|---|---|
| Income | ||
| Revenue | 477.27B | |
| Operating Income | 196.29B | |
| Net Income | 92.21B | |
| Free Cash Flow | 114.11B | |
| EPS (Basic) | 51.25 | |
| Margins | ||
| Operating Margin | 65.65% | |
| Net Margin | 30.84% | |
| Returns | ||
| Return on Equity (ROE) | 32.70% | |
| ROIC | 0.10% | |
| Coverage & Debt | ||
| Dividend Coverage | 0.84 | |
| Debt / Revenue | 1.66 | |
| Valuation & Scores | ||
| P/E (TTM) | 10.78 | |
| Sloan Ratio | 17.65 | |
| Zmijewski Score | 0.92 | |
Computed Metrics (Latest Period)
| FY2025 | ||
|---|---|---|
| Extended Returns | ||
| Return on Common Equity | 33.76% | |
| Return on Tangible Equity | 34.17% | |
| Return on Tangible Assets | 2.08% | |
| Return on Total Capital | 17.14% | |
| ROCE | 22.85% | |
| Growth | ||
| EPS Diluted Growth | -0.12% | |
| Sustainable Growth Rate | 15.03% | |
| Quality & Risk Scores | ||
| Zmijewski Score | 0.92 | |
| Sloan Ratio | 17.45 | |
| Valuation (Computed) | ||
| Graham Number | 424.47 | |
| Tobin's Q Ratio | 0.17 | |
| Leverage & Coverage | ||
| Total Debt / Capital | 0.77% | |
| Assets / Equity (Leverage) | 16.87 | |
| Effective Interest Rate | 6.80% | |
| Debt / Revenue | 2.08 | |
| Efficiency (Computed) | ||
| Fixed Asset Turnover | 6.45 | |
| Dividends (Computed) | ||
| Dividend Coverage | 2.06 | |
| Share Buyback Ratio | -0.32 | |
| Per Employee | ||
| Revenue / Employee | 13.57M | |
| Net Income / Employee | 4.26M | |
| Oper. Income / Employee | 9.17M | |
| Total Assets / Employee | 226.15M | |
| Balance Sheet (Computed) | ||
| Earnings Schedule | ||
| Next Earnings Date | 3 Mar 2027 | |
| Next Fiscal Period | 2026 | |