Financial Results for the Half Year Ended June 30, 2025

(Un-audited)

(Audited)

June 30,

December 31,

2025

2024

Note

---------- (Rupees ‹n '000) ----------

ASSETS

Cash anil balar ces with reasury banks

b

16,180,242

16,352, 157

Balances with other banks

7

1,757,560

1,475, 100

Leadiings to lii iaiJc ial institutions

8

13,320,189

9,697, 187

Ir›vesti»eiJts

9

133,775,449

174,858,629

Advances

10

15,485,632

15,S74,078

Property ancI eciuipment

11

6,767,058

7,072,25 I

Right-of-use assets

12

2,708,908

2,601, 271

Inla ngibIe ass+'ts

13

361,741

33?,599

Deferred tax assets

14

2S,639,834

25,G00,837

Other assets

15

12,129,916

j5,031,166

Total Assets

228,126,529

2 7U,596,2 75

LIABILITIES

BilI^ payabie

T7

1,860,845

1, 900,456

aorrowi Jgs

18

50,867,033

89,892, 926

Deposits and other account s

T9

183,199,357

185,859, 754

Lease liabilitIe

20

3,421,684

3, 284,402

Suhord i‹ ated debt

21

1,495,515

1, 495,S IS

Deferred tax liabilities

Other liabilities

22

5,345,B19

G,373.767

Total Liabilities

246,190,253

288,806,859

NET ASSETS

(18,063,724)

(18,210,584)

REPRESENTED BY

Share capital net

30,500,208

30,500, 208

Reserves

(425,043)

1425,043)

Surpl us / (deficit) cix revaluatiuiJ of assets

23 3,744,171

'1,334,8GS

AC L U If UI a I U U IOSS GS

(51,B83,060)

(S2,G20,618)

(18,063,724)

(18, 2 10,584)

CONTINGENCIES AND COMMITMENTS

24

The alone xed notes 1 to 4 T lone an nJtegral part of these consolidated condensed

nterim financicl statements

June 3a

2025

ne30,

2

June

de 30,

2O2g

Mark-up / return / interest earned

Note

25

4,39O,632

Rupees

T2,041,017

¥O,322,284

21,791,130

Mark-up / return / interest expensed

26

4,805,958

12,193,913

t0,681,O75 23,882,226

Net Mark-up / interest expense

(4T5,326)

(1,152,896)

{358,79¥) (2,091,096)

NON MARK-UP / INTEREST INCOME

Fee and commission income

27

Oividend income

Foreign exchange i0come

Income / (loss) from derivatives

Gain on securities

28

Net gains / (loss) on derecognition of financial assets

measured at amonised cost

Other income

Total non-ma kup / interest income

29

â,Z63,884

1,207.960

2,321,446

1,834,393

Total income

55,064

¥,967,65S

|2S6,7O3)

now uARx-ue/ iwrRrsr zxPrNscs

Operating expenses

30

2,136,72t

2,020,427

4,¥70,434

3,893,120

workers welfare fund

Other charges

31

255

T04

367

104

Total non-markup / interest expenses

2,¥36,976

2,020.S31

4,17O,801

3,893,224

Loss before credit loss allowance

}¥,288,418)

('t,965,46y)

(2,208,T46)

(4,149,927)

Credit loss allowance and pyrite offs - net

32

(3,464,988)

(63T,713)

(3,666,3t0)

( ,724,005)

Extra ordinary / unusual items

PROFIT / {LOSS) BEFORE TAXATION

2,¥76,570

(1,333.754)

t,458,264

(2,425,922)

Taxation

33

(708,426)

Pnorrr/ ‹cossl rTrR TaXs»oH

57 2

(625,328)

71S,627

(y,438,017}

¥98,t09

278,yy0

ss1,648

565,58Z

3,ss7

3,563

4,220

3,571

25,BS4

154,294

t13,776

296,424

923,053

T03,128

1,524,t95

278,915

1t3,282

668,865

tt7,607

689,901

CASH fiLOW fiROM OPERATING ACTIVITIES

Profit / (loss) before taxation

(2,425,922)

Less: Dividend income

(4,220)

(3,571)

1,453,944

(2,429,493)

Adjustments:

Depreciation on property and equipment

2¥6.841

206,673

Depreciation on right-of-use assets

271,225

270,730

Depreciation on non-banking assets

30,499

32,422

Finance charges on leased assets

262,767

221,870

Amortization

Credit loss allowance and write offs • net

Gain on forward exchange contracts

(31,3t5)

£5,383

(1,723.43B)

(£3A*81

Charge for defined benefit plan

43,769

40,323

Charge for employees compensated absences

Gain on termination of lease contracts under IFRS 6

}47,3S3)

12,847

(36,61]

Gain on sale of property and equipment

Gain on sale of non banking assets Unrealised gdi0 - FVTPL

{5 383)

(46,303

(604,317j

(4, T03)

{z,944,49y)

1,637,672)

{1,490,553)

14,067,165)

Decrease In operating assets

Lendings to financial institutions

Secuñties classified as FVTP£

(1,613.6i*)

(77,040

15,072

Advances

Others assets lexcluding advance taxation)

2,863,S09

23,32T,505

26,519,696

Decrease in operating liabilities

Bills payable

Borrowings from financial institutions

(29I,8SS)

(t8, 2£6,758}

Deposits

17,286,901

Other liabilities (excluding current taxation j

(986,900)

(106,867)

(42,723¿12

(T,328,S79)

Payment on account of staff retirement benefits

(3Z,7S1)

Income tax paid

(328,400)

(3t4,744)

Net cash (used in) / generated from operating activities

{42,300,004)

20,776,457

rxsH rcow rRou INvEsnNs ncrivmcs

Net Investments in securities classified as FVOCI

40,772,096

(17,S87,536)

Dividend received

4,220

3,571

Investments in property and equipment

(54,594)

(T37,594)

Investments in intangible assets

(64,544)

(33,132)

Proceeds from sale of property and equipment

zSO,2g9

80,38T

Proceeds from sale of non-banking assets

948,212

Net cash generated from / (used in) investing activities

40,867,46a

(y6,726,098)

cAsH rrow room rmAucius<>

Payments of lease obligations against right-of-use assets

(385,Lt8}

Net cash used in financing activities

(457,034)

(385,MB)

(Decrease) / increase in cash and cash equivalents

{3,889,57y)

3,665,241

Cash and cash equivalents at beginning of the year

19,823,400

15,060,968

Cash and cash equlvatenzs at end ot the period

35

y7,933,829

18,726 209

BANK MAKRAMAH LIMITED

UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION

AS AT JUNE 30. 2025

(Un-audited)

(Audited)

June 30,

Decem bar 31,

2025

2024

Note ---------- (Rupees in '000) -----•----

ASSETS

Cash and balances witln Treasury banks

6

16,180,242

18 352,15d

Balances with other Danks

7

1,750,412

1,472,849

Lendings to financial institutions

8

13,320,189

9,697,187

Inveslmenls

9

133,841,561

175,012,1G4

Advances

10

15,551,426

JS.618 918

Property and equipment

11

6.722,438

7,02s,125

Righl-of-use assets

12

2.708.908

2.601,271

Intangible assets

13

359,229

331085

Deferred tax assets

14

25,707,B31

25,668,564

Other assels

15

12,010,902

14,818,156

Total Assets

228,153,138

270.598,473

LIABILITIES

Bills payable

17

1,860,845

1,900,406

Borrowings

18

50,B67,033

89,892,925

Deposits and other accounls

1g

183,316,209

186,014,625

Lease liabilities

20

3,421,684

3.284,402

Subordinated debt

21

1,495,515

1,495,515

Deferred lax liabil ties

Other liabilities

22

5,207,181

6,159.B47

Total Liabilities

246.168,467

288,747 B10

NET ASSETS

{18,015,329)

(J 8,14g,33J)

NEPBESENTED 8Y

Snare capital - net

30.500,208

30,500,208

Reserves

{425,043)

(425,043)

Surplus / (deficit) on revaluation of assets

23

3,695,050

4,290.745

Accumu ated iossas

(51,785,S44)

(52.515,247)

(18,015.329)

(18,149.337)

CONTINGENCIES AND COMMITMENTS

24

4,394,674

11,042 762

10,329,035

21,794,799

4,809,500

12,199.935

10,687,696

23,893,140

168,869

255,006

501,360

523,128

412

442

4 j 2

25,854

154,294

113,776

296,424

916,743

97,766

1,515,821

272,234

112,561

669,243

116,167

690,766

Mark-up relurn / interest earned

25

Mark-up / eturn / interest expensed

26

Net mark-up / interest expense

{414,B26)

(1,157 173) (358,661) (2,096,341)

NON MARK-UP / INTEREST INCOME

Fee and commission income

27

Dividend income

Fore gn exchange ‹ncome

Income / (loss) from derivatives

Ga n on securities

28

Net gains / (loss) on derecognition of financial assets

measured at amortised cost

Olher Income

29

Tolal non-markup / interest income

1,224,027

1,176,721 2.247,536 1,782,964

Total income

809,201

19,548 1,888,87 S (315.377)

NON MARK-UP / INTEREST EXPENSES

Operating expenses

30

Workers welfare fund

Olher charges

Total non-markup I interest expenses

2,106.314

1,994.14 1 4,109,942 3,844,366

Loss before credit loss allowance

(1,297,113)

(1,974.593) (2,221,067) (4,159.743)

Cred I loss allowance and wrile offs - net

32

(3,464,857)

(631.760) (3,665,934) (I ,724,052)

Extra ordinary / unusual items

PROFIT / (LOSS) BEFORE TAXATION

2,167.744

(1.342,833) 1.444,867 (2,435,691)

Taxation

33

s95,820

(712,235) 737,095 (093,259)

PROFIT I (LOSS) AFTER TAXATION

1,571,924

(630,5gB) 707,772 (1,442,432)

-- - ---- -

-- ------{Rupee)-----------.------.---------------

Basic earning / (Toss) per share

34

0.24

(0.10) 0.11 (0.22)

Diluted earning / (loss) per share

34

0.ZB

(0.10) 0.11 T0.22)

2,106,059

1,994,037

4.109.575

3,844,262

255

104

367

104

CASH FLOW FROM OPERATING ACTIVITIES

Profit / (loss) before taxation

1,444,867

{2,435.601)

Less O‹v dend ‹ncome

tt12)

(4J2)

Adjustments:

1,444.455

(2,436,103)

Depreciation on property and equipment

215,335

206,410

OeDreciation on right-of-use assets

271,225

270,730

Oepreciation on non-banking assets

30,327

32,248

Finance changes on leased assets

262,767

221,870

Amonizalion

36.401

15.3B0

Credit loss allowance and write offs - net

(3,665.934)

(1 723,485)

Main on forward exchange contracls

(31,315)

(23,598)

Change for defined benefil plan

43,019

39.7Z3

Charge for employees compens ated absences

11,339

11 997

Gain on termination of lease contracts under IFRS G

(47,313)

(36,1C1)

Ga n on sale of property and equipment

(67,469)

(46,552)

Gain on sale of non banking assets

(604.317)

(2.941,618)

(1,635,755)

(1,497,163)

(4 071,858)

Decrease in operating assets

Lending s Io financial nsfituttons

(3,623.611 )

Advances

3,141,579

3,2'30,680

Others assets (excluding advance Taxation)

2,768.548

23,305.234

2.286,516

26,535 914

Dec rease in operating liabilities

Bits payable

{39,651)

(29J,O55)

Borrow ngs from financial inslitut ons

(39,026,164)

(18,216,758)

Deposits

(2,698,416)

17.300,507

Other liabilities (excluding current taxation)

(911,254)

(143.576)

(42,675,485)

(1,351,682)

Payinenl on account of staff retirement benefits

(93,133)

(31,911)

40,772,096

(17,587.536)

412

412

(54,594)

(129,323)

(64,544)

(33,132)

210.2B9

B0,081

948,21 2

Net cash used in financing activities

(457, 034)

t385,118)

(Decrease) / increase in cash and cash equivalents

(1,894,465)

3,666.073

Cash and cash equivalents at beginning of the year

19,821,146

15,05B,899

Cash and cash equivalents at end of the period

35

17,926,681

18,724,972