KARACHI: Bank Makramah Limited has posted a net loss of Rs714.13 million for the quarter ended March 31, 2026, according to its latest unaudited financial results released to the Pakistan Stock Exchange (PSX). The bank also announced that its Board of Directors has recommended no cash dividend, bonus shares, right shares, or any other corporate action for the period.
The bank recorded a loss per share (LPS) of Rs0.71, showing a slight improvement compared with a loss per share of Rs0.87 reported in the corresponding quarter of last year. Although the loss narrowed on a per-share basis, the institution remained under pressure from weak core earnings and elevated operating costs.
During the quarter, Bank Makramah generated markup and interest income of Rs2.84 billion, while markup and interest expenses stood at Rs2.83 billion, leaving a relatively modest net markup income. Non-markup income totaled approximately Rs451.87 million, supported by fee and commission income, foreign exchange earnings, and gains on securities.
However, the bank’s profitability continued to be weighed down by operating expenses of over Rs2.30 billion and credit loss allowances and write-offs of nearly Rs630 million. These factors resulted in a pre-tax loss of Rs1.21 billion, while a tax benefit reduced the after-tax loss to Rs714.13 million.
On the balance sheet, total assets stood at Rs203.35 billion as of March 31, 2026, compared with Rs213.65 billion at the end of December 2025. Meanwhile, net assets increased to Rs26.36 billion from Rs23.71 billion, reflecting improvements in reserves and capital despite the quarterly loss.
The Board of Directors approved the financial statements at its meeting held on April 29, 2026, and confirmed that no dividend or other price-sensitive corporate action would accompany the results.
Despite ongoing challenges in profitability, the bank’s strengthened capital position and stable asset base indicate continued efforts to reinforce its financial standing while navigating a difficult operating environment.
