External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>Meezan Bank's 1Q2025 earnings are down 12% YoY and 8% QoQ, aligning with industry expectations.</li><li>The bank announced a first interim cash dividend of Rs7.0/share, consistent with industry forecasts.</li><li>Net spread earned by MEBL decreased due to lower interest rates and the imposition of the Minimum Deposit Rate on individual portfolios.</li></ul>

Meezan Bank's 1Q2025 earnings are down 12% YoY and 8% QoQ, aligning with industry expectations.The bank announced a first interim cash dividend of Rs7.0/share, consistent with industry forecasts.Net spread earned by MEBL decreased due to lower interest rates and the imposition of the Minimum Deposit Rate on individual portfolios.

Meezan Bank (MEBL): 1Q2025 EPS at Rs12.3, down 12% YoY and 8% QoQ