Soneri Bank profit slides 31% to Rs3bn in 9MFY25
22-Oct-2025
MettisGlobal
October 22, 2025 (MLN): Soneri Bank Limited (PSX: SNBL) has revealed its financial results for the nine months ended September 30, 2025, reporting a profit after tax (PAT) of Rs3.30bn, down 30.7% from Rs4.77bn in the same period last year (SPLY).
The earnings per
share (EPS) came in at Rs2.99, compared to Rs4.32 in SPLY.
The bank’s total
income rose 14.4% year-on-year to Rs27.52bn, driven by robust growth in
non-mark-up income and improvement in net interest margins.
Net
mark-up/interest income increased 11.5% to Rs20.99bn, as mark-up earned fell 26.7%
to Rs64.39bn, while interest expense declined more sharply by 37.1% to Rs43.39bn.
On the other
hand, non-mark-up/interest income surged 24.8% to Rs6.52bn, supported by a
strong rebound in gains on securities that jumped 519.2% to Rs1.55bn, alongside
growth in fee and commission income (+14.3%) and dividend income (+24.2%).
However, foreign exchange income dropped 30.3% to Rs1.13bn.
Operating
expenses increased 21% year-on-year to Rs17.28bn, while total non-mark-up
expenses rose 22.8% to Rs17.83bn, showing higher administrative costs and other
charges.
Credit loss
allowances and write-offs stood at Rs77.97m, compared to a reversal of Rs192.04m
last year, resulting in a profit before tax of Rs9.60bn, marginally down 1.3%
from Rs9.73 billion in SPLY.
After accounting
for taxation of Rs6.30bn (up 26.9% YoY), the net profit settled at Rs3.30bn,
marking a notable decline from the previous year’s Rs4.77bn.
|
STATEMENT OF PROFIT OR LOSS FOR THE NINE MONTHS ENDED SEPTEMBER 30,
2025 (Rs.000) |
|||
|
Description |
9M 2025 |
9M 2024 |
Change% |
|
Mark-up/return/interest earned |
64,391,563 |
87,806,091 |
-26.67% |
|
Mark-up/return/interest expensed |
43,394,442 |
68,969,726 |
-37.08% |
|
Net mark-up/interest income |
20,997,121 |
18,836,365 |
11.47% |
|
Fee and commission income |
3,602,993 |
3,152,052 |
14.31% |
|
Dividend income |
140,847 |
113,386 |
24.22% |
|
Foreign exchange income |
1,134,832 |
1,628,970 |
-30.33% |
|
Gain/(loss) on securities |
1,553,751 |
250,927 |
519.20% |
|
Other income |
85,707 |
79,401 |
7.94% |
|
Total non mark-up/interest income |
6,518,130 |
5,224,736 |
24.76% |
|
TOTAL INCOME |
27,515,251 |
24,061,101 |
14.36% |
|
Operating expenses |
17,282,161 |
14,287,900 |
20.96% |
|
Workers' Welfare Fund |
192,121 |
198,644 |
-3.28% |
|
Other charges |
358,638 |
33,059 |
984.84% |
|
Total non mark-up/interest expenses |
17,832,920 |
14,519,603 |
22.82% |
|
Profit before credit loss allowance |
9,682,331 |
9,541,498 |
1.48% |
|
Credit loss allowance and write offs
- net |
77,970 |
(192,036) |
|
|
Profit before tax |
9,604,361 |
9,733,534 |
-1.33% |
|
Taxation |
6,303,553 |
4,967,751 |
26.89% |
|
Profit After Taxation |
3,303,808 |
4,765,783 |
-30.68% |
|
Basic and dilute earning per share
(Rupees) |
2.9968 |
4.3228 |
-30.67% |
Copyright