KARACHI: Security Investment Bank Limited has reported a profit after tax of Rs5.03 million for the half year ended June 30, 2026, compared with Rs21.17 million recorded in the corresponding period of the previous year.
According to the financial results approved by the company’s Board of Directors on August 29, 2026, Security Investment Bank’s profit before tax stood at Rs7.56 million, down from Rs22.06 million in the same period last year.
The company reported total income of approximately Rs42.22 million during the period, compared with Rs61.16 million in the corresponding period, reflecting a decline in overall income. Administrative and general expenses also decreased to Rs34.66 million, from Rs39.10 million previously.
After accounting for taxation of Rs2.52 million, the bank posted a net profit of Rs5.03 million. Earnings per share, both basic and diluted, stood at Rs0.09, compared with Rs0.36 a year earlier.
Financial Position Remains Stable
The company’s balance sheet showed total assets of approximately Rs911.25 million as of June 30, 2026, broadly in line with Rs911.55 million at the end of the previous year.
Current assets stood at around Rs664.17 million, including investments of approximately Rs517.29 million and cash and bank balances of Rs25.98 million. Shareholders’ equity increased to about Rs788.59 million from Rs783.56 million at December 31, 2025.
The company’s statutory reserves also increased to approximately Rs150.58 million, while unappropriated profit rose to Rs33.95 million by June 30, 2026.
No Dividend or Bonus Shares Announced
For the half-year period, the Board recommended no cash dividend, bonus shares or right shares. The announcement was made following the Board meeting held on August 29, 2026, at the company’s Karachi office.
Cash Flow Developments
Security Investment Bank generated Rs16.32 million in net cash from operations during the six-month period, while income tax payments amounted to approximately Rs5.89 million.
Investing activities generated net cash of about Rs4.40 million, whereas financing activities used approximately Rs19.49 million. As a result, cash and cash equivalents declined from Rs30.59 million at the beginning of the period to Rs25.98 million at June 30, 2026.
Overall, the results indicate that while Security Investment Bank remained profitable and maintained a strong equity position, its earnings were considerably lower than those achieved in the first half of the previous year. The decline in income translated into lower profit before tax and earnings per share, although operating expenses also showed improvement.
