Meezan Bank Limited has reported another solid financial performance for the half year ended June 30, 2026, posting higher profitability alongside an attractive interim cash dividend for shareholders. The Board of Directors approved the financial results during its meeting held on August 6, 2026, and announced an interim cash dividend of Rs8 per share (80%). This is in addition to the Rs7.50 per share (75%) interim dividend that had already been distributed earlier during the year.
For the six months ended June 30, 2026, Meezan Bank recorded an unconsolidated profit after tax of Rs48.88 billion, compared with Rs46.16 billion in the corresponding period last year, reflecting steady year-on-year growth. Earnings per share (EPS) improved to Rs27.15, up from Rs25.72 in the same period of 2025. The second-quarter profit after tax stood at Rs25.48 billion, with quarterly EPS of Rs14.15.
The bank continued to benefit from healthy growth in its core Islamic banking operations. Net profit and return income for the first half reached Rs128.79 billion, while total income increased to Rs150.41 billion. Fee and commission income, dividend income, and foreign exchange earnings also contributed positively to overall revenue during the reporting period.
On the expense side, operating costs increased as the bank expanded its business operations. However, disciplined cost management and lower credit loss provisions compared to the corresponding period helped support overall profitability. Profit before taxation amounted to Rs102.55 billion, while profit after taxation remained strong despite a higher tax charge.
The Board did not recommend the issuance of bonus shares or right shares, and no other price-sensitive information was disclosed in the announcement. The share transfer books will remain closed from August 19 to August 20, 2026, for determining shareholder entitlement to the announced dividend.
Meezan Bank’s latest results underscore the resilience of Pakistan’s largest Islamic bank, supported by continued growth in financing, investment income, and diversified non-funded revenues. The enhanced interim payout also reflects management’s confidence in the bank’s financial strength and ability to deliver consistent returns to shareholders.
