Meezan Bank Limited.PSX: MEBL

Presentation of corporate briefing session (cbs) - Meezan Bank limited

· Issued by Meezan Bank Limited.






Meezan Banlc

Tloo Preni iei Islrimie Banli



August 19, 2025

The General Manager

Pakistan Stock Exchange Limited, Stock Exchange Building,

Stock Exchange Road, Karachi.

PRESENTATION OF CORPORATE BRIEFING SESSION (CBS) -

MEEZAN BANK LIMITED

Dear Sir,

MEBL/CS/PSX-20/083/2025

This is with reference to our earlier letter No. MEBL/CS/PSX-20/078/2025 dated August 15, 2025 concerning the captioned subject.

In compliance with clause III (a) of the 'Guidelines/Procedures for Holding Corporate Briefing Sessions' issued by PSX vide its PSX Notice No. PSX/N-1120 dated November 2, 2023, the presentation for the Corporate Briefing Session (CBS) of Meezan Bank, scheduled to be held tomorrow, i.e., Wednesday, August 20, 2025, is enclosed herewith for your reference and record.

You may please inform the TRE Certificate Holders of the Exchange accordingly. Yours truly,

Muham Sohail Khan

Company Secretary Encl: As above

Meezan Bank Ltd.

Head Office : Meezan House, C-25. Estate Avenue, SITE, Karachi - Pakistan PABX: (92 21) 38103500 UAN: 1 1-331-331 & 111 331 332 https://www.meezanbank.com

Financial Results

For the Half Year Ended on June 30, 2025

1





CORPORATE BRIEFING - August 20, 2025

SCHEDULE OF THE EVENT

I. Tilawat e Quran

II. Opening remarks by Irfan Siddiqui - President & CEO 5 Mins

III. Presentation by Syed Imran Ali Shah - CFO 20 Mins

IV. Q & A Session 20 Mins

2

2



Opening Remarks



3

Performance Overview - HY'25 Headlines

10% vs HY'24 6% vs 2024

Rs.4.14trillion

Basic Earnings Per Share

Rs. 25.72per share

Rs.46.2billion

18% vs 2024

Rs.3.04 trillion

ADR

39%

As at Dec-24

60%

Return on Equity

36%

6 new branches vs Dec-24

1,057 352

Distribution to Shareholders for HY'25

140% Cash





KER



EI°IPLOYERS' FEDERATION OF PAKISTAN

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The Apex Body of Employers



CFA Society

Pakistan



QLOBAL I8LAMIG FINANCE AWARD8



The Insliue of CharlereM Accountant of Pakistan

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M A G A Z I N E



PAKI@'AN STOCK EWHANGE











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AWARDS GALA 1023



ICMA

Es¥I.1951

Pakistan

Awards and Recognitions



Pakistan Banking Awards

  • Best Bank 2024

  • Best Bank 2023

  • Best Bank 2020

    6

  • Best Bank 2018



    CFA Society of Pakistan

    • Best Bank of the Year - Large Size Banks

      for the 5th consecutive year

    • Islamic Bank of the Year

    • Best Digital Banking Services Award of the Year

    • Best Transaction of the Year - 2023 (Runner-up)

      7

    • Best Investor Relations - 2023 (Runner-up)



Company Financials Presentation by:

Syed Imran Ali Shah

CFO

8



HY'25

HY'24/

2024

Growth

%



Performance Overview - HY'25 Headlines (1/2)

Profit After Tax Rs 46.2 billion Rs 51.4 billion (Rs 5.2 billion) (10%)

Cost to Income Ratio

25.6%

29.2%

(3.6%)

Return on Equity

36.4%

52.6%

(16.2%)

CAR*

23.59%

20.35%

3.24%

Deposits* Rs 3.04 Trillion Rs 2.58 Trillion Rs 458 billion 18%

CASA Deposits* Rs 2.86 Trillion Rs 2.41 Trillion Rs 454 billion 19%

CASA Mix*

94%

93%

1%

Branches

1,057

1,010

47

5%



Performance Overview - 2024 Headlines (2/2)

Jun 2025

Dec 2024

Growth

%

Gross Financings Rs 1.19 trillion Rs 1.56 trillion Rs (367) billion (24%)

Gross ADR 39.1% 60.2% (21.1%)

Non-Performing Financings Rs 29.8 billion Rs 25.2 billion Rs (4.6) billion (18%)

NPL Ratio

2.50%

1.62%

(0.88%)

NPL Coverage Ratio

149%

165%

(16%)

Investments Rs 2.39 trillion Rs 1.87 trillion Rs 520 billion 28%

10% Decline in PAT- Due to Impact of Lower Policy Rate (Unconsolidated)

-10%

-10%

(10%)

3%

(4%)

(603%)

0%

(17%)

(5%)

40%

(16%)

25%

(10%)

Growth %

15%

459%

-4%

483%

21%

(9%)

Rs in mn



Profit & Loss Account

Average Policy Rate

Return on financings, investments and placements

Return on deposits and other dues expensed

Net spread earned

Fee, commission and other income Foreign exchange income

Dividend income Capital gain - net

Other Income

Total other income

Total income

Operating expenses and other charges

Profit before provisions

Total provisions - net

Profit before tax

Taxation

Profit after tax US $163 mn / $181 mn

Basic Earnings per share - Rs

Diluted Earnings per share - Rs

HY'25

11.84%

209,526

(83,770)

125,756

10,873

3,238

884

669

729

16,393

142,149

(36,328)

105,821

(3,379)

102,442

(56,278)

46,164

25.72

25.57

HY'24

21.84%

249,668

(112,177)

137,491

9,467

580

919

115

601

11,681

149,172

(43,570)

105,602

672

106,274

(54,830)

51,444

28.72

28.56



Q2'25 vs Q1'25 (Unconsolidated)

Rs in mn

Profit & Loss Account

Q2'25

Q1'25

Growth %

Average Policy Rate

11.38%

12.30%



(1%)

Return on financings, investments and placements

Return on deposits and other dues expensed

101,909

(37,944)

107,617

(45,826)



(5%)

(17%)

Net spread earned

63,965

61,790



4%

Total other income

8,215

8,178



0%

Total income

72,181

69,968



3%

Operating expenses and other charges

(16,697)

(19,631)



(15%)

Profit before provisions

55,484

50,337



10%

Total provisions - net

(1,520)

(1,858)



(18%)

Profit before tax

53,964

48,479



11%

Taxation

(29,848)

(26,431)



13%

Profit after tax US $85 mn / $78 mn

24,116

22,048





9%

Basic Earnings per share

13.44

12.28



9%



Key Performance Indicators - Profitability (Unconsolidated)

Rs in bn

3-year CAGR (2021-2024) in PAT = 37%

*Represents HY'25 vs HY'24

+88%

84.5

+20%

101.5

+46%

+58%

45.0

*

3.4

+3%

3.5

+13%

4.0

+15%

4.6

+10%

5.0

+11%

5.6

+13%

6.3

+43%

9.0

+69%

15.2

22.2

+28%

28.4

-10%

46.2



Avg

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 HY'25

Policy Rate 13.45% 11.29% 9.67% 9.94% 7.13% 5.85% 5.75% 7.10% 11.99% 8.94% 7.29% 13.20% 20.71%

19.64%

11.84%

PBT
PAT

Quarterly PBT and PAT



Tax rate 49%

Tax rate 54%

57.6 57.6

*Tax rate 53%

Tax rate 39%

32.0

36.8

50.0 54.8 52.5 54.4

48.5

54.0

22.7

14.8 15.1 18.5

27.8

16.4 15.4

17.2

25.5 26.4

25.1 26.7

25.8

24.0

22.0

24.1

10.2 10.6 11.8

6.1 6.5 7.0

11.5

8.8 9.2 7.9

Q1' 21 Q2' 21 Q3' 21 Q4' 21 Q1' 22 Q2' 22 Q3' 22 Q4' 22 Q1' 23 Q2' 23 Q3' 23 Q4' 23 Q1' 24 Q2' 24 Q3' 24 Q4' 24 Q1' 25 Q2' 25



26% Growth in Assets Since Jun-24 - Led by Growth in Investments

(Unconsolidated)

Jun-25

Jun-24

Growth

1,189,459

1,152,004

37,455

3%

(44,405)

(32,092)

(12,313)

38%

1,145,054

1,119,912

25,142

2%

2,390,258

1,644,261

745,997

45%

69,151

34,964

34,187

98%

315,116

290,253

24,863

9%

218,970

206,973

11,998

6%

4,138,549

3,296,362

842,187

26%

3,042,539

2,414,878

627,660

26%

515,036

394,018

121,018

31%

16,990

20,990

-

-

299,547

257,948

41,598

16%

3,874,111

3,087,835

786,276

25%

17,947

17,913

35

-

228,494

180,695

47,799

26%

418

259

-

-

17,579

9,662

7,918

82%

264,439

208,528

55,911

27%

Dec-24

Rs in mn

Growth



Balance Sheet

Islamic Financing and related assets - Gross

Less: Provisions

Islamic Financing and related assets - net Investments (GoP Sukuk: Rs 2.1 trillion)

Due from FIs

Cash and Bank Balance Fixed and other assets

1,556,362

(41,606)

1,514,756

1,870,536

34,964

274,159



207,658

(366,903)

(2,799)

(369,702)

519,722

-

40,957

11,312

(24%)

7%

(24%)

28%

98%

15%

5%

Total Assets

US $ 14.6 bn / $ 11.6 bn

3,902,073 236,476 6%

Deposits and other accounts

Due to FIs

Sub-ordinated Sukuk (ADT-I & T-II) Others

Total Liabilities

US $ 13.7 bn / $ 10.9 bn

2,584,871

722,286

20,990

326,941

457,667

(207,251)

-(27,395)

18%

(29%)

-(8%)

3,655,089 219,022 6%



Total Equity US $ 932 mn / $ 735 mn

Share Capital

Reserves and Unappropriated Profit Advance against issue of shares

Surplus / (deficit) on revaluation of assets - net

17,947

-

-

206,896

21,599

10%

-

-

-

22,141

(4,562)

21%

246,984

17,454

-

Key Ratios

30.7%

34.6% 36.4%

ROE - %

44.6%

56.3%

47.0%

36.4%

1.7% 1.7%

1.5%

ROA - %

2.0%

3.0% 2.9%

2.3%

2019 2020 2021 2022 2023 2024 Jun-25

2019 2020 2021 2022 2023 2024 Jun-25

Cost to Income Ratio - %

45.7%

42.1%

39.7%

34.3%

54.3%

42.4%

Gross ADR - %

61.4%

53.4%

44.7%

60.2%

39.1%

28.9%

26.8% 25.6%

2019 2020 2021 2022 2023 2024 Jun-25 2019 2020 2021 2022 2023 2024 Jun-25





Key Performance Indicators - Deposits

CASA Deposits Grew by 31%



Jun-25

Jun-24

Growth

Rs in bn

Mix

Rs in bn

Mix

Rs in bn

%

CA

1,538

51%

1,131

47%

408

36%

SA

1,322

43%

1,049

43%

273

26%

CASA

2,860

94%

2,180

90%

680

31%

TD

183

6%

235

10%

(52)

(22%)

Total

3,043

100%

2,415

100%

628

26%







Jun-25



TD

TD, 10%

6%

Jun-24

SA, 43%

Rs 2.42 tn

CA, 47%

Deposit growth: Rs 600+ bn

SA 43%

Rs 3.04 tn

CA 51%

CA
SA
TD

CA
SA
TD



Key Performance Indicators - Deposits

Rs in bn

Market Share of Deposits: 8.6%

CAGR Since Inception 33%

Deposit Growth Since Inception

3,043

2,585

2,217

1,658

1,254 1,456

933

468

559

667

785

5

8

14

23

34

55

70

100

131

169

230

288

379

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Jun-25

Deposit Composition - High Granularity

Branch Network: 1,000+ branches in 352 cities



505 new branches added since 2015

Individual - 70%

Private Sector - 27%

20 30 59

100 55

87 60 42 47 6

Public Sector - 1%

NBFIs - 1%

Government - 1%

571 601 660 760 815

902

962

1,004

1,051

1,057

2016 2017 2018 2019 2020 2021 2022 2023 2024 Jun-25

Branch Network
New Branches

Key Performance Indicators - Investment Rs 2.4 Trillion Up by 28% from Dec-2024

Investments (Rs in Bn)

Jun-25

Dec-24

Var.

GoP Ijarah Sukuk (GIS)

2,136

1,696

26%

Energy Sukuk & Other Govt. (PES)

237

155

53%

Others (Shares , Corp sukuk etc)

17

20

(10%)

Total

2,390

1,871

28%

Rs in bn

Investment Mix

2,136

1,696

237

155

17

20

Jun-25

Dec-24

GIS

PES & Other Govt.

Others

GIS Mix

Rs in bn

Mix

Variable

1,738

81%

Fixed

398

19%

Total

2,136

100%

81%

19%

GIS Mix

Variable Fixed



Key Performance Indicators - Financing

Gross Financing & NPL Ratio

Gross Financing Market Share: 9%

2.5%

2.8%

1,556

1.3% 1.7% 1,189

1.9%

142%

Rs in Bn

Strong NPL Coverage Ratio

179%

166%

128% 133%

165% 149%

44

42

1.8%

507

9 15

532

777

14 14

1,018

17

992

1.6%

25 30

30

25

23 30

19 19 17

13 15 14 14

9

2019 2020 2021 2022 2023 2024 Jun-25

Non Performing Loans Gross Financing NPL Ratio

Consumer 8% Staff 1% Commercial /

2019 2020 2021 2022 2023 2024 Jun-25

Provisions held Non Performing Loans NPL Coverage

HY'25: Net charge of Rs 1.2 bn (Charge: Rs 3.5 bn & Reversal: Rs 2.3 bn) against Stage III. Stage I & II - Net charge of Rs 1.6 bn (Charge: Rs 3.1 bn & Reversal: Rs 1.5 bn)

Total Provision of Rs 44 bn NPL Coverage Ratio 149%

SME 17%

Financing Composition

Corporate

Commercial / SME

Consumer

Staff

Rs 5.7 bn

Rs 13.6 bn

Rs 25.1 bn

Corporate 74%

General Provision
Stage I & II ECL under IFRS 9
Stage III ECL under IFRS 9



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