Transmission of quarterly report of Meezan Bank limited for the period ended june 30, 2025

August 27, 2025

The General Manager

Pakistan Stock Exchange Limited Stock Exchange Building

Stock Exchange Road Karachi.

FORM-8

MEBL/CS/PSX-20/085/2025

TRANSMISSION OF QUARTERLY REPORT OF MEEZAN BANK LIMITED FOR THE PERIOD ENDED JUNE 30, 2025

Dear Sir,

We have to inform you that the Quarterly Report of Meezan Bank for the perlod ended

June 30, 2025 have been transmitted through PUCARS and is also available on Bank's website. You may please inform the TRE Certificate Holders of the Exchange accordingly.

Yours Sincerely,

Muhammad Sohail Khan

Company Secretary Encl: As above.

HALF YEARLY REPORT

JUNE 30, 2025

C O N T E N T S

01

Board of Directors

Riyadh S. A. A. Edrees Bader H. A. M. A. AlRabiah Saad Ur Rahman Khan Faisal Fahad AlMuzaini Tariq Mahmood Pasha Zine Elabidine Bachiri Mohammad Abdul Aleem Nausheen Ahmad

Abdulrazzaq T.A.M. Razooqi Irfan Siddiqui

Chairman

Vice Chairman

President & CEO (Executive Director)

Shariah Board

Management

Justice (Retd.) Muhammad Taqi Usmani Dr. Muhammad Imran Ashraf Usmani Sheikh Esam Mohamed Ishaq

Mufti Zubair Ahmed

Mufti Muhammad Naveed Alam

Irfan Siddiqui Syed Amir Ali

Chairman

Resident Shariah Board Member

President & CEO Deputy CEO

Board Audit Committee

Board Risk

Management Committee

Board Human Resources, Remuneration & Compensation Committee

Board Information Technology Committee

Board IFRS 9 Committee

Mohammad Abdul Aleem Saad Ur Rahman Khan Tariq Mahmmod Pasha Abdulrazzaq T.A.M. Razooqi

Saad Ur Rahman Khan Bader H. A. M. A. AlRabiah Zine Elabidine Bachiri Abdulrazzaq T.A.M. Razooqi

Riyadh S. A. A. Edrees Mohammad Abdul Aleem Nausheen Ahmad

Saad Ur Rahman Khan Riyadh S. A. A. Edrees Bader H. A. M. A. AlRabiah Irfan Siddiqui

Riyadh S. A. A. Edrees Faisal Fahad AlMuzaini Irfan Siddiqui

Resident Shariah Board Member Chief Financial Officer

Company Secretary Auditors

Legal Adviser

Registered Office and Head Office

E-mail Website

Shares Registrar

Mufti Muhammad Naveed Alam Syed Imran Ali Shah Muhammad Sohail Khan

A. F. Ferguson & Co., Chartered Accountants Haidermota & Co. Advocates

Meezan House

C-25, Estate Avenue, SITE, Karachi - 75730, Pakistan

Phone: (92-21) 38103500, 37133500, Fax: (92-21) 36406056

24/7 Call Centre: (92-21) 111-331-331 & 111-331-332

info@meezanbank.com

https://www.meezanbank.com https://www.meezanbank.pk

THK Associates (Pvt.) Ltd

Plot No, 32-C, Jami Commercial, Street 2, DHA, Phase VII, Karachi - 75500, Pakistan Phone: (92-21) 111-000-322, 35310191-6

Email: secretariat@thk.com.pk, sfc@thk.com.pk Website: https://www.thk.com.pk

03

MEBL HY-2025

The Board of Directors is pleased to present the condensed interim unaudited unconsolidated and consolidated financial statements of Meezan Bank Limited for the half year ended June 30, 2025.

Pakistan's economy continued its recovery momentum during FY2025, building on the stabilisation efforts initiated in response to the significant macroeconomic challenges experienced between 2022 and 2024. This positive trajectory has been supported by prudent fiscal consolidation, an effective monetary stance and the initiation of long-overdue structural reforms aimed at restoring investor confidence and improving the economy's long-term resilience. A notable highlight has been progress in the energy sector, where reforms have targeted operational inefficiencies and fiscal leakages, contributing to improved medium-term sustainability. These efforts, combined with a stabilising political environment and improved external sector dynamics, helped anchor economic prospects.

During FY2025, Pakistan's real GDP expanded by 2.68%, reflecting broad-based stabilisation efforts across major macroeconomic segments. Fiscal, monetary and external fronts showed sustained resilience, with improved revenue mobilization, disciplined public spending and a narrowing fiscal deficit.

Inflationary pressures, which had reached historic levels in FY2023, have eased considerably. By June 2025, Consumer Price Index (CPI) based inflation had declined to 3.2%, marking a significant improvement in price stability. This disinflationary trend enabled the State Bank of Pakistan (SBP) to adopt a more accommodative monetary policy stance, cutting the policy rate by a cumulative 1,100 basis points -from 22% in June 2024 to 11% by May 2025. This substantial monetary easing is expected to support a resurgence in private sector credit, whilst stimulating domestic investment and consumer spending.

Financial markets responded positively to these macroeconomic developments. The Pakistan Stock Exchange (PSX) closed CY2024 at an all-time high of 115,127 points, gaining further ground to reach 125,627 by June 2025 -a 9.1% year-to-date increase. The rally was underpinned by falling interest rates, strong corporate earnings and renewed investor optimism surrounding the reform agenda.

External sector dynamics also improved significantly. Workers' remittances surged to $38 billion in FY2025 - up 27% from $30 billion in the previous year - reflecting both policy measures to incentivize formal remittance flows and a rebound in regional labour markets. This, combined with improved export performance and constrained imports, contributed to Pakistan recording its first current account surplus in fourteen years, amounting to $2.1 billion. In May 2025, the International Monetary Fund (IMF) approved the disbursement of a $1 billion tranche under the Extended Fund Facility (EFF), reaffirming Pakistan's commitment to reform and unlocking additional multilateral and bilateral support. As a result, Pakistan's overall forex reserves increased by 19%, reaching $19 billion by June 2025, up from $16 billion at the end of CY2024. The Pakistani Rupee (PKR) exhibited relative stability, depreciating only modestly to PKR 283.8 per USD by June 2025 compared to PKR 278.6 in December 2024. This orderly adjustment reflected improved external buffers, enhanced FX liquidity and more transparent exchange rate management.

Overall, the macroeconomic outlook for Pakistan is increasingly positive. Key indicators such as declining inflation, reduced interest rates, strengthening foreign exchange reserves and the elimination of the current account deficit collectively signal a supportive environment for sustained growth. However, downside risks remain - including external vulnerabilities linked to global commodity prices, geopolitical tensions and shifts in global monetary policy. Continued commitment to structural reforms, particularly in the energy and tax sectors, as well as improvements in governance and institutional capacity, will be critical to ensuring long-term macroeconomic stability and inclusive growth.

04

By the grace of Allah Almighty, Meezan Bank remained resilient during the first half of 2025. The Bank reported a Profit After Tax of Rs 46.2 billion, compared to Rs 51.4 billion in the corresponding period of the previous year - reflecting a 10% decline primarily due to a significantly lower policy rate environment, implementation of minimum deposit rate on Islamic Banks and an increase in the applicable tax regime. Basic Earnings per Share (EPS) stood at Rs 25.72 as of June 2025, against Rs

28.72 in the same period last year. The Bank maintained a strong Return on Equity (ROE) of 36.4% and Return on Assets (ROA) of 2.3% for the period under review. Alhamdulillah, the Bank continues to have one of the best ROEs in the industry, in line with its commitment to delivering sustainable value to shareholders. Our consistent profitability, underpinned by a disciplined approach to balancing dividend payouts with profit retention, has resulted in robust internal capital generation. As a result, the Bank's Capital Adequacy Ratio (CAR) remains strong at over 20%, well above the regulatory requirement.

The Board is pleased to announce the approval of an interim cash dividend of Rs 7.00 (70%) for the second quarter bringing the total cash dividend payout for the half year ended June 30, 2025 to Rs

14.00 per share (140%) as Rs 7.00 per share (70%) interim cash dividend was paid for the first quarter.

The Bank remains committed to its longstanding tradition of declaring dividends consistently every year since its listing on the Pakistan Stock Exchange. Meezan Bank has upheld its position as the second most valuable bank in Pakistan, with a market capitalization of $2.1 billion. This reflects the continued confidence of investors in the Bank's leadership, operational performance and prospects for sustainable growth. The financial highlights of Meezan Bank for the period are presented below:

05

D I R E C T O R S ' R E V I E W

The Bank achieved a significant milestone by surpassing Rs 3 trillion in total deposits, closing the first half of 2025 with a Deposits portfolio of Rs 3.04 trillion - an 18% increase from Rs 2.58 trillion at the end of December 2024. Approximately 686,000 new-to-bank accounts were added over the course of the half year, thereby enhancing the Bank's portfolio of deposit relationships. Current Account (CA) deposits comprise just over half of the total deposit portfolio, totalling Rs

1.54 trillion. Meanwhile, Current and Savings Account (CASA) deposits collectively represent 94% of the deposit base, amounting to Rs 2.86 trillion.

As of June 2025, total assets stood at Rs 4.1 trillion, reflecting a 6% increase over December 2024. The investment portfolio expanded significantly by 28% year-on-year, reaching Rs 2.4 trillion. This growth is primarily attributable to the regular Sukuk auctions conducted by the Government of Pakistan which have helped ease the liquidity management challenges historically faced by the Islamic Banking Industry (IBI). Conversely, the gross financing portfolio declined by 24% from Rs 1.56 trillion in December 2024 to Rs 1.19 trillion at the end of the current period.

Meezan Bank continues to demonstrate exemplary asset quality, outperforming industry benchmarks with a Non-Performing Financing (NPF) ratio of 2.5%. The Bank maintains a strong provisioning position against non-performing financings, resulting in a coverage ratio exceeding 140%.

Meezan Bank continued to demonstrate steady growth within its Small and Medium Enterprises (SME) banking segment during the first half of 2025. The SME portfolio grew to Rs 34.1 billion by June end, driven by a sustained strategic focus on both the core SME portfolio and the Commercial Vehicle segment. This performance was further reinforced through active participation in key initiatives supported by the State Bank of Pakistan (SBP), including the Islamic SME Asaan Finance Scheme (ISAAF), the Prime Minister's Youth Business and Agriculture Loan Scheme (PMYBL & ALS) and the Islamic Refinance Facility for the Modernisation of SMEs. These programmes continue to enhance access to finance for underserved segments while aligning with the Bank's commitment to promoting Shariah-compliant financial inclusion. In line with its efforts to accelerate digital transformation in SME financing, Meezan Bank relaunched its Digital Supply Chain Financing programme in partnership with one of the leading food processing chains in Pakistan. As of June 2025, the Supply Chain Financing portfolio crossed Rs 7 billion.

Returns from financing, investments and placements declined to Rs 210 billion during the period under review, compared to Rs 250 billion in the corresponding period of the previous year. This decrease is primarily attributable to the lower policy rate. For the half-year, the average Policy Rate stood at 11.8% marking a substantial reduction of 1,000 basis points from 21.8% in June 2024. Similarly, expense on Deposits and Other Dues declined to Rs 83.8 billion, compared to Rs

112.2 billion in June 2024, reflecting a 25% decrease.

Fee, commission and other income recorded strong growth, increasing by 40% to Rs 16.4 billion from Rs 11.7 billion in June 2024. Core fee and commission income rose by 15% to Rs 10.9 billion, driven primarily by higher contributions from trade handling, branch banking and debit cards. During the first half of 2025 Meezan Bank's cards portfolio reached 4.18 million, representing a robust growth of 22% compared to June 2024. Further advancing its digital banking proposition, Meezan Bank successfully launched Google Wallet for all its debit cardholders - a significant development in Pakistan's digital payments landscape. As one of the few banks selected for the initial rollout, Meezan has reinforced its position as a technology leader, offering customers faster, safer and more convenient payment solutions.

Operating and other expenses experienced a significant decrease (17%) from Rs 43.6 billion to Rs

36.3 billion mainly due to lower variable compensation expense.

Meezan Bank's mobile application continues to lead the digital banking landscape, upholding its strong reputation for user-friendliness, speed and high availability. With a growing user base exceeding 3.6 million, the app remains a vital platform for customers seeking efficient and seamless banking services. The app's consistently high performance is further validated by its sustained top-tier ratings on both the Google Play Store and Apple App Store over the past five years.

06

Meezan Bank remains committed to its digital transformation strategy, focused on enhancing customer experience and optimizing back-office operations. Adopting a hybrid growth model, the Bank has expanded its physical footprint in underserved regions while actively onboarding customers through digital channels. Our strategically dispersed branch network now includes 1,057 branches across 352 cities nationwide, complemented by an ATM network exceeding 1,250 touchpoints, ensuring broad accessibility and convenience for our customers.

The VIS Credit Rating Company Limited has reaffirmed Meezan with the highest possible credit rating - 'AAA' (Triple A) rating for the Long Term and an 'A1+' (A-One Plus) rating for the Short Term, maintaining a stable outlook.

Meezan Bank remains firmly committed to fostering the economic development and financial stability of the country by playing a leading role in the advancement of Islamic Banking. Our strategic direction is fully aligned with the Government's policy priorities on Islamic Finance and adheres to the Honourable Federal Shariat Court's directive for transitioning towards a fully Shariah-compliant financial system. Our growth strategy is centred on maintaining a prudent balance, diversifying across key sectors and consistently exceeding regulatory benchmarks for financial stability. We continue to expand our footprint through both physical branches and digital platforms, with a particular focus on delivering high-quality digital services to reinforce our leadership position in the industry.

This year, the Bank is facing several new challenges, including the impact of a reduced policy rate, the introduction of a Minimum Deposit Rate (MDR) on Savings Deposits, and a high tax rate environment. In response, the Bank has prioritized the growth of its core deposits as a strategic measure to offset these pressures.

We wish to convey our sincere appreciation to the State Bank of Pakistan, the Ministry of Finance, and the Securities and Exchange Commission of Pakistan for their steadfast commitment to fostering a sustainable Islamic financial system in the country. Our notable achievements during the year would not have been possible without the proactive support of our diverse customer base, to whom we extend our deepest gratitude. We also express our heartfelt thanks to the Board of Directors, members of the Shariah Board, our shareholders and the holders of Additional Tier I Sukuk and Subordinated Sukuk (Tier II) for their continued confidence and support, which have been pivotal in establishing Meezan Bank as the country's leading Islamic bank.

The Board extends its sincere appreciation to every member of our dedicated team for their exemplary efforts and steadfast commitment to advancing the mission of Islamic banking. Above all, we humbly acknowledge and express our profound gratitude to Allah Almighty for His continued blessings upon the Bank and all its stakeholders, which have been instrumental in enabling our significant achievements within a relatively short timeframe. We earnestly seek His continued guidance and support, praying that He grants us the strength and wisdom to realize our vision of establishing "Islamic banking as the banking of first choice."

On behalf of the Board

Chairman

President & CEO

Islamabad: August 13, 2025

07

08

09

10

11

INDEPENDENT AUDITOR'S REVIEW REPORT TO THE MEMBERS OF MEEZAN BANK LIMITED

Introduction

We have reviewed the accompanying unconsolidated condensed interim statement of financial position of Meezan Bank Limited ("the Bank") as at June 30, 2025 and the related unconsolidated condensed interim statement of profit and loss account, the unconsolidated condensed interim statement of comprehensive income, unconsolidated condensed interim statement of changes in equity, and unconsolidated condensed interim cash flow statement, and notes to the unconsolidated condensed interim financial statements for the half year then ended (here-in-after referred to as the "interim financial statements"). Management is responsible for the preparation and presentation of these interim financial statements in accordance with accounting and reporting standards as applicable in Pakistan for interim financial reporting. Our responsibility is to express a conclusion on these interim financial statements based on our review.

Scope of Review

We conducted our review in accordance with International Standard on Review Engagements 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity". A review of interim financial statements consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the accompanying interim financial statements are not prepared, in all material respects, in accordance with the accounting and reporting standards as applicable in Pakistan for interim financial reporting.

Other Matter

Pursuant to the requirement of Section 237 (1) (b) of the Companies Act, 2017, only cumulative figures for the half year, presented in the second quarter accounts are subject to a limited scope review by the statutory auditors of the Bank. Accordingly, the figures of the unconsolidated condensed interim statement of profit and loss account and unconsolidated condensed interim statement of comprehensive income for the quarters ended June 30, 2025 and June 30, 2024 have not been reviewed by us.

The engagement partner on the audit resulting in this independent auditor's report is

Dated: August 26, 2025

UDIN: RR202510068NzECMJ2PS

12

CONDENSED INTERIM UNCONSOLIDATED STATEMENT OF FINANCIAL POSITION (UNAUDITED)

Rupees in 000

The annexed notes 1 to 42 form an integral part of these unconsolidated condensed interim financial statements.

Chairman

President & Chief Executive

Director

Director

Chief Financial Officer

13

CONDENSED INTERIM UNCONSOLIDATED STATEMENT OF PROFIT AND LOSS ACCOUNT (UNAUDITED)

Rupees

Profit / return earned on Islamic financing and

related assets, investments and placements Profit / return on deposits and other dues

24 101,909,368

130,463,215

209,525,897

249,668,053

expensed 25 37,943,930 60,233,639 83,770,048 112,177,217

Net profit / return

OTHER INCOME

63,965,438

70,229,576

125,755,849

137,490,836

Rupees

Basic earnings per share Diluted earnings per share

33 13.44

34 13.35

14.79

14.70

25.72

25.57

28.72

28.56

The annexed notes 1 to 42 form an integral part of these unconsolidated condensed interim financial statements.

Chairman

14

President & Chief Executive

Director

Director

Chief Financial Officer

CONDENSED INTERIM UNCONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED)

Rupees in '000

Profit after taxation for the period

Other comprehensive income / (loss)

Items that may be reclassified to statement of profit and loss account in subsequent periods:

• Movement in surplus / (deficit) on revaluation of debt investments through FVOCI - net of tax

• Gain on sale of debt investments carried at FVOCI - reclassified to the statement of profit and

  loss account - net of tax

  Items that will not be reclassified to the statement of profit and loss account in subsequent periods:

• Movement in surplus on revaluation of equity investments through FVOCI - net of tax

  Total Comprehensive Income for the period

  24,116,206

  5,013,199

  (309,181)

  212,307

  29,032,531

  26,501,508

  (1,453,038)

  (28,262)

  518,171

  25,538,379

  46,163,804

  (4,357,892)

  (314,361)

  329,136

  41,820,687

  51,444,183

  (2,907,824)

  (58,913)

  597,359

  49,074,805

  The annexed notes 1 to 42 form an integral part of these unconsolidated condensed interim financial statements.

  Riyadh S. A. A. Edrees

  Chairman

  Irfan Siddiqui

  President & Chief Executive

  Mohammad Abdul Aleem

  Director

  Tariq Mahmood Pasha

  Director

  Syed Imran Ali Shah

  Chief Financial Officer

  15

  
  
  

  CONDENSED INTERIM UNCONSOLIDATED STATEMENT OF CHANGES IN EQUITY

  FOR THE HALF YEAR ENDED JUNE 30, 2025 Capital reserves Revenue Surplus / (deficit) on Unappro- Share capital Advance against Share premium Statutory reserve * Non - Employee Distributable share option reserve General reserve revalution of Investments Non-banking priated profit Total issue of Capital Reserve compensation Assets

  Balance as at January 01, 2024 (Audited) Impact of adoption of IFRS 9 - net of tax Profit after taxation for the half year ended

  June 30, 2024 - Restated

  Other comprehensive income / (loss) for the half year ended June 30, 2024 - net of tax

  • Movement in deficit on revaluation of investments in debt instruments at FVOCI - net of tax

  • Gain on sale of debt investments carried at FVOCI

    reclassified to statement of profit or loss account - net of tax

  • Movement in surplus on revaluation of equity investments carried at FVOCI - net of tax

    Total other comprehensive loss - net of tax

    Transfer from surplus on revaluation of assets to unappropriated profit - net of tax

    Recognition of share based compensation

    Other appropriations

    Transfer to statutory reserve*

    Transactions with owners recognised directly in equity

    Final cash dividend for the year 2023 @ Rs 8 per share

    -

    -

First interim cash dividend for the year 2024 @ Rs 7 per share

- -

- -

- -

- -

- - -

Rupees in 000

- -

(2,369,378)

- -

152,335

-(5,175,311)

(2,369,378)

• 253,272

• Advance received against issue of 3,487,520 shares under

  - - - - - - -

  - - (26,868,799) (26,868,799)

  the Employees share option scheme (note 34.2)

  - 258,888 - - - - - - -

  - 258,888

  Balance as at June 30, 2024 (Unaudited) - restated

  Profit after taxation for the half year ended

  17,912,532

  258,888

  2,626,441

  35,792,393

  3,117,547

  907,593

  66,766

  9,587,274

  - 138,570,399 208,839,833

  December 31, 2024 -

  Other comprehensive income / (loss) for the

  half year ended December 31, 2024 - net of tax

  -

  -

  -

  -

  • Movement in surplus on revaluation of investments in debt instruments at FVOCI - net of tax

  • Gain on sale of debt investments carried at FVOCI

    reclassified to statement of profit or loss account - net of tax

  • Remeasurement loss on defined benefit obligations - net of tax

  • Movement in surplus on revaluation of equity investments carried at FVOCI - net of tax

    Total other comprehensive income - net of tax -

    Transfer from surplus on revaluation of assets to unappropriated

    profit - net of tax -

    Recognition of share based compensation -

    Other appropriations

    Transfer to statutory reserve* -

    -

    -

    Transactions with owners recognised directly in equity

    Second interim cash dividend for the year 2024 @ Rs 7 per share

    Third interim cash dividend for the year 2024 @ Rs 7 per share

    - - -

    -

    -

    -

    -

    -

    -

    -

    -

- - -

- - -

- - -

- - 4,975,441

- -

- -

- -

- 337,505

- -

- -

- 13,078,721

- (524,803)

- -

- -

- 50,063,341

- (208,738)

- 524,803

- -

- (4,975,441)

50,063,341

12,869,983

• 337,505

-

-

Issue of 3,487,520 shares under the Employees

- - - - -

- - -

- (25,126,370) (25,126,370)

share option scheme (note 34.2)

34,875

(258,888)

477,812 -

- (299,231) - -

- 45,432 -

Balance as at December 31, 2024 (Audited)

16

17,947,407

- 3,104,253

40,767,834

3,117,547

945,867

66,766

22,141,192

- 158,893,426 246,984,292

CONDENSED INTERIM UNCONSOLIDATED STATEMENT OF CHANGES IN EQUITY

Rupees in 000

Balance as at December 31, 2024 (Audited)

Profit after taxation for the half year ended

17,947,407

- 3,104,253

40,767,834

3,117,547

945,867

66,766

22,141,192

- 158,893,426 246,984,292

June 30, 2025 -

Other comprehensive income / (loss) for the half year ended June 30, 2025 - net of tax

-Movement in deficit on revaluation of investments

in debt instruments at FVOCI - net of tax -

-Gain on sale of debt investments at FVOCI

reclassified to statement of profit or loss - net of tax -

-Movement in surplus on revaluation of investments

in equity instruments at FVOCI - net of tax -

Total other comprehensive loss - net of tax -

Transfer from surplus on revaluation of assets to unappropriated profit - net of tax -

Recognition of share based compensation -Other appropriations

Transfer to statutory reserve* -

Transactions with owners recognised directly in equity

- - -

- - -

- - -

- - -

- - -

- - -

- - -

- - 4,616,380

- -

- -

- -

- -

- -

- -

- 342,406

- -

- -

- (4,357,892)

- (314,361)

- 329,136

- (4,343,117)

- (218,813)

- -

- -

- 46,163,804

- -

- -

- -

- -

- 218,813

- -

- (4,616,380)

46,163,804

(4,357,892)

(314,361)

329,136

(4,343,117)

-342,406

-

Final cash dividend for the year 2024 @ Rs 7 per share -

First interim cash dividend for the year 2025 @ Rs 7 per share -

- - -

Advance received against issue of 5,813,938 shares under the

- - - -

- - - -

- - - -

- - (12,563,185) (12,563,185)

- - (12,563,185) (12,563,185)

- - (25,126,370) (25,126,370)

Employees shares option scheme (note 34.2)

- 417,509 -

- - - - - -

- 417,509

Balance as at June 30, 2025 (Unaudited)

17,947,407

417,509

3,104,253

45,384,214

3,117,547

1,288,273

66,766

17,579,262

- 175,533,293 264,438,524

*This represents reserve created under section 21(i)(b) of the Banking Companies Ordinance,1962.

The annexed notes 1 to 42 form an integral part of these unconsolidated condensed interim financial statements.

Chairman

President & Chief Executive

Director

Director

Chief Financial Officer

17

CONDENSED INTERIM UNCONSOLIDATED CASH FLOW STATEMENT (UNAUDITED)

Half year ended June 30,

2025

Half year ended June 30,

2024

(Restated)

Rupees in 000

Profit before taxation Less: Dividend income

Depreciation

Net profit / return Amortisation

Depreciation on right-of-use assets

Amortisation of lease liability against right-of-use assets Credit loss allowance / provisions and write offs /

(reversal of provisions / credit loss allowance) - net Share based compensation expense

Unrealised (gain) / loss - FVTPL

Gain on sale of property and equipment

Due from financial institutions Islamic financings and related assets

Other assets (excluding advance taxation and profit receivable)

Bills payable

Due to financial institutions Deposits and other accounts

Other liabilities (excluding current taxation and profit payable)

Net profit / return received Net profit / return paid Income tax paid

Net (investments) / divestments in amortised cost securities Net investments in securities classified as FVOCI

Net investments in securities classified as FVTPL Net redemption in associates

Investment in subsidiaries Dividends received

Investments in property and equipment Investments in intangible assets

Proceeds from sale of property and equipment

Payment of lease liability against right-of-use assets Redemption of subordinated sukuks

Advance received against issue of shares Dividend paid

Cash and cash equivalents at the beginning of the period Expected credit loss allowance on cash and cash equivalents - net

29

29

29

25

31

27

28

18

34.2

31

35

272,066,103

314,883,493

106,274,406

(918,548) 105,355,858

(133,787,988) (28,432,130)

(169,532,665)

256,568,967 58,604,172

246,632,309

(110,885,432)

(46,501,424) 147,849,625

(79,913,044)

(29,380,937)

38,555,644

251,333,732

289,889,376

The annexed notes 1 to 42 form an integral part of these unconsolidated condensed interim financial statements.

Chairman

18

President & Chief Executive

Director

Director

Chief Financial Officer