Soneri Bank Limited reported a profit after tax of Rs 2.49 billion for the half year ending June 30, 2025, marking a 22.36% decline from Rs 3.21 billion in the same period last year.
The bank’s earnings per share (EPS) dropped to Rs 2.26, compared to Rs 2.92 in H1 2024.
Despite the decline in net profit, total income for the period increased by 14.64%, reaching Rs 17.81 billion, driven by a 19.48% rise in net markup income, which reached Rs 14.26 billion.
Operating expenses surged by 20.10% to Rs 11.02 billion, contributing to an overall rise in total non-markup expenses by 20.74%. The bank recorded a reversal in credit loss allowances, amounting to Rs 150.7 million compared to Rs 322.4 million last year.
Profit before tax increased marginally by 2.54%, reaching Rs 6.68 billion. After accounting for tax, the bank’s profit after tax stood at Rs 2.49 billion, down 22.36% compared to the previous year.
Since the announcement of the financials, the company’s stock has dropped by almost 10%. Non-markup income, however, saw a slight decline of 1.39%, falling to Rs 3.55 billion. Fee and commission income rose 14.28%, while foreign exchange income declined sharply by 43.93%.
