KARACHI: Security Investment Bank Limited (SIBL) reported a sharp decline in profitability for the quarter ended March 31, 2026, as lower income from financing and investments weighed on the company’s financial performance. The board of directors also announced that no cash dividend, bonus shares, or right shares would be issued for the period.

According to the company’s unaudited financial results, net profit after tax fell to Rs4.10 million, compared to Rs15.07 million recorded in the corresponding quarter last year, representing a decline of approximately 73%. As a result, earnings per share (EPS) dropped to Rs0.069, down from Rs0.255 in the same period of 2025.

The decline was primarily driven by weaker operating income. Total income decreased to Rs20.95 million from Rs33.07 million a year earlier. Income from financing and placements fell significantly to Rs6.41 million from Rs14.67 million, while returns on securities also declined to Rs13.16 million from Rs18.13 million. Despite a notable increase in other income, it was insufficient to offset the overall reduction in revenue.

On the expense side, operating expenses were reduced to Rs16.85 million, compared with Rs18.01 million in the same period last year. However, the savings were outweighed by the sharp fall in income, resulting in operating profit declining to Rs4.10 million from Rs15.07 million. The company reported no current or deferred tax expense for the quarter.

As of March 31, 2026, Security Investment Bank’s total assets stood at Rs919.19 million, slightly higher than Rs911.55 million at the end of December 2025. Shareholders’ equity also improved marginally to Rs787.65 million, supported by retained earnings during the quarter.

The bank’s cash position strengthened during the period, with cash and cash equivalents increasing to Rs33.60 million from Rs27.11 million at the beginning of the quarter, reflecting positive cash generation from operating activities.

The Board of Directors confirmed that no cash dividend, bonus shares, or right shares were recommended alongside the quarterly financial results.