BankIslami 1HCY26 profit slumps 54% to Rs2bn

According to Mettis Global, BankIslami Pakistan Limited (PSX: BIPL) saw its consolidated net profit drop 54% for the six months ended June 30, 2026. Profit after tax slid to Rs2.03 billion from Rs4.41 billion a year earlier, pushing earnings per share, both basic and diluted, down to Rs1.83 from Rs3.98.

The biggest drag came from other income, which fell 42% to Rs2.86 billion, as a swing to a net securities loss of Rs139.71 million offset gains elsewhere. Net financing income eased 5% to Rs17.68 billion, as income earned fell 12% while the expense side dropped 18%. Total income declined 12% to Rs20.54 billion, and total other expenses rose 12% to Rs17.24 billion, with operating expenses up 14%.

The board has also declared a Rs1.50 per share interim payout, representing 15%, for the same six-month period. Credit loss allowance and write-offs moved to a net charge of Rs1.03 billion, and taxation fell 49% to Rs2.30 billion, which offered only partial relief against the lower pre-tax profit.