Meezan Bank (MEBL) Q3 2026 earnings summary

Executive summary

• 9M'26 unconsolidated PAT rose 11% YoY to Rs 74.5bn; basic EPS increased 10% to Rs 41.35.

• Consolidated 9M'26 PAT was Rs 74,654,533 thousand, up from Rs 70,522,225 thousand; Q3 PAT was Rs 26,013,394 thousand versus Rs 23,381,863 thousand.

• Total assets reached Rs 5.40tn and deposits Rs 3.94tn at September 30, 2026.

• Network expanded to 1,186 branches in 381 cities, including 81 branches opened during 9M'26.

Financial highlights

• Unconsolidated total income increased 8% YoY to Rs 229.0bn; net spread earned grew 5% to Rs 197.7bn.

• Consolidated 9M total income was Rs 233,806,317 thousand; profit before tax was Rs 157,831,719 thousand, versus Rs 152,706,433 thousand a year earlier.

• Unconsolidated operating expenses and other charges rose 19% to Rs 72.3bn; profit before tax increased 6% to Rs 156.6bn.

• Net provisions were Rs 66mn, versus Rs 3.6bn in 9M'25; taxation rose 2% to Rs 82.1bn.

• Consolidated basic EPS was Rs 41.02 versus Rs 38.59 in 9M'25; diluted EPS was Rs 40.78 versus Rs 38.36.

Segment performance

• Asset management AUM, including discretionary portfolios, increased 18% YoY to Rs 781bn; funds and plans grew 30% to 52.

• Asset management Jan-Sep PAT was Rs 2.02bn and annualized ROE was 37.51%.

• Trade business volume grew 5% YoY to Rs 2.24tn in 9M'26.