Soneri Bank LimitedPSX: SNBL

Financial Results for the Year Ended 31 December 2025

· Issued by Soneri Bank Limited

SBL/Secy/PSX/26/21 29 January 2026

The General Manager

Pakistan Stock Exchange Limited Stock Exchange Building

Stock Exchange Road Karachi.

Form 3

Through PUCARS & hand delivery

Subject: Dear Sir,

Financial Results for the Year ended 31 December 2025

We have to inform you that the Board ofDirectors of Soneri Bank Limited in its 214" meeting held on Thursday, 29 January 2026 at 1200 hours hrs. at 10* Floor, PNSC Building, Off: M.T. Khan Road, Karachi has approved the Annual Audited Accounts for the year ended 31 December 2025 and recommended the following:

  1. Cash Dividend

    A final Cash Dividend for the financial year ended 31 December 2025 at Rs.1.50/- per share (i.e. 15%).

  2. Bonus Shares

    NIL

  3. Right Shares

    NIL

  4. Any Other Entitlement/Corporate Action

    NIL

  5. Any Other Price - Sensitive Information

NIL

The Audited Statements of Financial Position, Profit & Loss, Changes in Equity and Cash Flows, approved by the Board of Directors of the Bank for the year ended 31 December 2025 are enclosed herewith as Annexure *A".

The Annual General Meeting of the Bank will be held on 12 March 2026 at 09:00 a.m. at 2"d Floor, 307- Upper Mall Scheme, Lahore as well as through video-link (Zoom facility).

The Share Transfer Books of the Bank will remain closed from 05 March 2026 to 12 March 2026 (both days inclusive). Transfers received by the Share Registrar Mls. THK Associates (Pvt.) Ltd, Plot No. 32-C, Jami Commercial Street 2, DHA, Phase-7, Karachi at the close of business on 04 March 2026 will be treated in time for the purpose of the above entitlement to the transferee.



Contd...p/2

Soneri Bank Limited, Central Office: 9th & 10th Floor, PNSC Building, M.T. Khan Road, Karachi, Pakistan.

Tel : 021-32444401 - 05 & 111 567 890 Fax : 021-35643325 - 26 E-mail : info@soneribank.com Website : www.soneribank.com

-:02:-

4 he Annual Report of thc J3ank will be transmitted through PtJCARS atleast 21 days beforc holding of Annual Gencral Mecting.



Yours Sincercl ,

Muha Ad Altaf Butt Company Secretary

Encls: a.a.

cc: Director/)IOD, Surveillance, Supervision and Enforcement Department Sccuritics and Exchange Commission of Pakistan

NIC I3uildilag, 63 I innah Avenuc, 13lue A rca, Islamabad.

Soneri Bank Limited, Central Ofiice: 9th & 10th Floor, PNSC Building, M.T. Khan Road, Karachi, Pakistan.

Tel : 021-32444401 - 05 & 111 567 890 Fax : 021-35643325 - 26 E-mail : info @ soneribank.com Website : www.soneribank.com





STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

Note 2025 2024

---- - (Rupees in '000) ----

ASSETS

Cash and balances with treasury banks

6

60,332,835

45,899,687

Balances with other banks

7

2,513,518

3,375,508

Lendings to financial institutions

8

30,597,679

8,598,419

Investments

9

479,247,393

384,305,619

Advances

10

214,324,449

241,738,092

Property and equipment

11

18,834,797

15,634,706

Right-of-use assets

12

8,283,5S4

5,349,918

Intangible assets

13

492,742

394,493

Deferred tax assets

21

Other assets

14

37,849,653

34,202,911

Total Assets

852,476,620

739,499,353

LIABILITIES

Bills payable

16

17,082,793

14,762,474

Borrowings

17

61,644,422

109,372,567

Deposits and other accounts

18

689,106,187

543,145,882

Lease liabilities

19

9,771,027

6,381,527

Subordinated debt

20

7,995,200

7,996,800

Deferred tax liabilities - net

21

4,862,431

2,072,498

Other liabilities

22

25,227,694

24,957,859

Total Liabilities

815,689,754

708,689,607

NET ASSETS

36,786,866

30,809,746

REPRESENTED BY

Share capital

23

11,024,636

11,024,636

Reserves

7,224,862

6,313,315

Surplus on revaluation of assets

24

7,568,001

4,286,624

Unappropriated profit

10,969,367

9,185,171

36,786,866

30,809,746

CONTINGENCIES AND COMMITMENTS

25

The annexed notes 1 to 51 and annexures I to III form an integral part of these financial statements.





Chairman President &

Chief Executive Officer

Director

Director

STATEMENT OF PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2025

Note 2025 2024

--------(Rupees in '000)----

Mark-up / Return / Interest earned

26

84,375,456

114,093,160

Mark-up / Return / Interest expensed

27

57,333,001

89,145,629

Net mark-up / interest income

27,042,455

24,947,531

NON MARK-UP / INTEREST INCOME

Fee and commission income

28

4,904,195

4,342,467

Dividend income

145,096

115,358

Foreign exchange income

1,705,438

2.067,175

Income / (loss) from derivatives

Gain on securities

29

1,247,986

118,515

Net gain / (loss) on derecognition of financial assets measured at amortised cost

Other income

30

130,737

111,198

Total non mark-up / interest income

8,133,452

6,754,713

Total income

35,175,907

31,702,244

NON MARK-UP / INTEREST EXPENSES

Operating expenses

31

23,622,059

19,204,120

Workers Welfare Fund

32

232,127

258,161

Other charges

33

369,782

62,565

Total non mark-up / interest expenses

24,223,968

19,524,846

Profit before credit loss allowance

10,951,939

12,177,398

Credit loss allowance and write-offs - net

34

(654,420)

(460,770)

Other income / expense items

PROFIT BEFORE TAXATION

11,606,359

12,638,168

Taxation

35

7,048,625

6,736,874

PROFIT AFTER TAXATION

4,557,734

5,901,294

------------ (Rupees) -----------•--

Basic and diluted earnings per share

36 4.1341

5.3528

Chief

kial Officer (A)



The annexed notes 1 to 51 and annexures I to III form an integral part of these financial statements



Chairman President &

Chief Executive Officer

Director

Director

Balance as at 1 January 2014 before adoption of IFRS 9

Impact of reclassificaion on adoplion of IFRS 9 - net of tax lmpac of adoption of IFRS 9 - net oftaX

Balance as at 1 January 2024 after adoption of IFRS 9

--(Rupees In '000s -- ----11,024,636 5,133,056 (1,135,159) 2,727,336 68,905 10,794,392 28,613,166

d

T0tal

Unappro-

Surplus / (deficit) on rwaluation of

reserve

capkal



1,303,498 1,203,498

(1,732,740) (1,732,740)

11,024,636 5.133,056 68,339 2,727,336 68,905 9,061,652 28,063,924

Profit afler taxation for Ifie year ended 31 Decembw 2024

Other comprehenaNe Income / (loss) - net of tax

  • Movement in surplus on revaluation a( inveslrnenD in debt inslrumenD - net of IaX

  • Gain on sale of debt instvments carried at FVOCI redassified to profit and loss - net of lax

  • Movement in surplus on revakation d investment in equity ins#umenD - net oltax

  • Remeasuementloss on ddined beneft obfgations - net oflax

  • Movement in surplus on revaluation ol property and equipment - net of tax

  • Movement in surplus on revaluation d non-banking assels - net of tax

    Total other comprehensive income I (loss) - net of tax

    Transfer to statutory reserve

    Transfer from surplus on revaluation of assets to unappropriated profit - net of tax Transfer from surplus on revaluation ol non banking asseD to unappropriated

    profit on disposal - net of tax

    Transactlofis wkh owners, recorded directly in equity

    Final cash dividend for he year ended 31 December 202t alRs 3.00 per share Interim cash dividend for the half year ended 30 June 2024 at Rs. 1.25 per share

    1,180,259

    1,614,619 (94,288) 5,868 5,@5,094 7,411,293

    5,901,294 6,901.294

    1,705,960

    (31,383)

    (59,958)

    (16,2@)

    (94,288)

    5.868

    1,705.960

    (31,383

    (59,958 (t6,200 (94,288

    5,868

    (1,180,259)

    (99.049) (110) 99.159

    (4,996) 4,996

    •

    -

    -

    • (3,307,391) (3,307,391)

    • (1.374,080) (1,378,080)



    Balance as at3t Dacatflber 2024

    Impact of adoption of IFRS 9 on unquoted securities - net of tax (note 5.1) Balance as at 1 January 2OM after adoption of IFRS 9

    ProN after taxation for the year ended 31 December 2025

    Other comprehensive Income / (loss) - net of tax

  • Movement in surplus on revaluaDon of investments in debt instruments - net of tax

  • Gain on sale ol debt inslrumenb carried at FVOCI reclassified to profit and loss - net of tax

  • Movement in surplus on revaluation of inveslments in eqUily instruments - net of tax

  • Remeasurement loss on defined benefit obligaicns - net of tax

  • Movement in surplus on revaluation of property and equipment - nel of tax

  • M0VEffIEfIt i0 SUQIUS OSI f8Y6lU3ti0fl Of 00B-b3nkng 055eD flgt0f ldX

ToNI other comprehensiva Income - net of tax Transfer to statutory reserve

11,024,636 6,313,315 1,682,958 2,533,999 69,667 9,185,171 30,809,746

,391,520 17,S65 1,409,10s



11,024,636 6,313,315 3,074,476 2,533,999 69,667 9,202,756 32216,851

4,557,7M 4,557,734

2,20S,785 (S47,542) 327,163

(M7,542

327,163

(49,813) (49,613

4,507,921 6,497,327





(911,547j

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

Transfer mom surplus on revaluation of non banking assets to unaqpropriated profit on disposal - net of tax

Transactions wlth owners, recorded directly In equity

Final cash dividend for the year ended 31 December 2024 at Rs. 1.75 per share

(99,092)

99,092



(1,929,312j (1,929,312)

Balance as at 31 December 2025

11,024,636 7,224,862 5,063,884 2,434,907 69,210 10,969,367 36,786,666

  1. This represents reserve oeated under section 21(i)(a) of the Banking Companies Ordinance, J962.

  2. As explained in note 10.5.2 to these finaficid satemenb, unappropriated profit incMdes an amount of Rs. 164.391 milfori - net of tax as at 31 Oecernber 2025 (31 December 2024: Rs.

365.267 millionj representing addibonal pro£4 arising from availing forced sales vabe benefit for determining provisioning requirement which is not available for distnbubon either as cash or stock dividend to shareholders and bonus to employees.

The annexed notes 1 to 51 and annexures I to III form an integral part of these financial statements.





Chairman President &

Chief Executive Officer

Director Director

CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 DECEMBER 2025

NOt6

2026

Rupees In '000)

2024

CASH FLOWS FROM OPERATING ACTIVITIES

Profit before taxation

11,606,369

12.638.168

Less: Dividend income



(115,358)

11,461,263

12,522,810

Adjustments:

Net mark-up / Interest income

(28,372,145)

(25,890,209)

Depreciation on property and equipment

11.2

1,617,549

1.350,243

Depreciation on ñght-of-use assels

12

1,296,TJ5

1,066,516

Depreciation on non-banking assets

34

17,053

14,567

Amortisation

13

211,360

169,342

Mark-up expense on lease liability against right-of-use assets

27

1,329,690

942,678

Gain on termination of leases

30

(1,797)

(2,445)

Gain on temination of ljarah financing

30

(6,230)

Staff loans - Deferred cost unwinding

31.1

709,391

232.303

Credit loss allowance and write-offs - net

34

(566,566)

(460,770)

Galn on sale of property and equipment - net

30

(57,760)

(44,042)

Gain on sale of non-banking assets

30

(2,054)

Provision for Workers' Welfare Fund - net

32

232,127

256,161

Charge for defined benefit plan

31.1

22t486

170,430

Unrealised loss on revaluation of investments classified as FVPL

29

239 669

226 317

(22,92J,41O)

(21.968 963)

Decrease / (Increase) in operating assets



(9,446,153)

Lendings lo financial institutions

(22,0Â¥0,187)

(8,600,000)

Securities classified ac FVPL.

10,333,370

(11.858,507)

Advances

27,895,798

(39.284,556)

Others assets (excluding advance taxation and markup receivable)

(1,710,129)

47 881 248

11,178,852

(11,861,815)

Increase / (decrease) in operating IiablliUes

Bills payable

2,320.319

8,024.503

Borrowings

(46,262,365)

40,473,487

Deposits

145,960,305

25.276,898

Other liabilities (excluding markup payable)

986,151

5,031.969

103,003,420

76,806,857

Contribution made to defined benefit plan

(329,263)

(204,181)

Mark-up / Return / Interest received

85,507,044

116,261,830

Mark-up / Return / Interest paid

(56,870.992)

(89,366,090)

Income tax paid

(8.636,730)

(10,153.243)

Net chart flow generated from operating activities

122,769,181

72,017.205

CASH FLOWS FROM INVESTING ACTIVITIES

Net investments in securities classified as FvOCI

(114,394,736j

(31,565,455)

Net divestmenl f (investments) amorlised cost

15,663,014

(26,466,445}

Dividends received

145,096

115,358

Investments In propeny, equipment and intangible

(5,346,266)

(4,406.215)

Proceeds from sale of non-banking assets

175,000

Proceeds from sale of property and equipment

63,334

46,614

Net cash flow uaed in Investing activftiea



(62,101,143)

CASH FLOWS FROM FINANCING ACTIVITIES

Payments of subordinated debt

{1,600)

(1,600)

Payment of lease liability against right-of-use assets

(2,168,774)

(1,839,315)

Dividend paid



(4.620 946

Net cash flow used in financing actlvitles

(4,086,188)

(6,461,861)

Increase In cash and cash equivalents



3.454,201

Cash and cash equivalents at ihe beginning of the year

47,192,820

43,740,403

Impact of expected credit loss allowance on cash and cash equivalents

1,494

(1.784)

Cash and cash equivalents at the end of the year

37

62,229 768

47 162.820



The annexed notes 1 to 51 and annexures I to III form an integral part of these financial statements.



f F ncial Officer (A)



Chairman President & Chief Executive Officer

Director

Director

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