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 (MEBL) announced its 2Q2025 result today, where the bank recorded earnings of Rs24bn (EPS of Rs13.4), which is down 10% YoY while up 9% QoQ.</li><li>Alongside the result, the bank also announced second interim cash dividend of Rs7.0/share in 2Q2025, in-line with industry expectations, taking 1H2025 dividend to Rs14.0/share.</li><li>MEBL remains our preferred pick in the banking sector. The stock currently trades at an 2025E PE of 8.1x and PBV of 2.4x with dividend yield of 7%.</li></ul>

Meezan Bank (MEBL) announced its 2Q2025 result today, where the bank recorded earnings of Rs24bn (EPS of Rs13.4), which is down 10% YoY while up 9% QoQ.Alongside the result, the bank also announced second interim cash dividend of Rs7.0/share in 2Q2025, in-line with industry expectations, taking 1H2025 dividend to Rs14.0/share.MEBL remains our preferred pick in the banking sector. The stock currently trades at an 2025E PE of 8.1x and PBV of 2.4x with dividend yield of 7%.

Meezan Bank (MEBL) 2Q2025 EPS At Rs13.4, Down 10% YoY, Up 9% QoQ