Bank Alfalah Limited (PSX:BAFL)

Bank Alfalah Income Statement

Financials in millions PKR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	472,321	507,120	412,005	214,106	100,412	92,623
Interest Income on Investments	1,911	1,328	1,023	1,091	492.3	313.53
Total Interest Income	474,232	508,448	413,028	215,197	100,904	92,937
Interest Paid on Deposits	343,557	380,338	286,053	136,933	54,148	47,929
Net Interest Income	130,675	128,110	126,975	78,264	46,756	45,008
Net Interest Income Growth (YoY)	0.20%	0.89%	62.24%	67.39%	3.88%	-0.51%
Gain (Loss) on Sale of Assets	124.97	136.52	145.03	111.97	53.35	67.31
Gain (Loss) on Sale of Investments	14,577	14,021	295.74	-65.02	3,144	2,285
Gain (Loss) on Sale of Equity Investments	1,213	1,233	1,691	669.83	573.25	612.62
Other Non-Interest Income	29,756	28,993	27,466	20,821	12,658	10,212
Total Non-Interest Income	45,671	44,383	29,597	21,538	16,428	13,177
Non-Interest Income Growth (YoY)	46.82%	49.96%	37.42%	31.11%	24.67%	23.82%
Revenues Before Loan Losses	176,346	172,493	156,572	99,802	63,184	58,185
Provision for Loan Losses	-11.2	249.76	10,325	12,467	2,375	7,589
Revenue	176,357	172,244	146,247	87,335	60,808	50,595
Revenue Growth (YoY)	16.09%	17.78%	67.45%	43.62%	20.19%	-4.27%
Salaries and Employee Benefits	1,671	1,697	1,715	907.44	498.44	494.43
Selling, General & Administrative	11,445	7,858	6,898	4,427	2,877	2,467
Other Non-Interest Expense	80,699	76,761	58,696	45,306	33,545	29,247
Total Non-Interest Expense	94,625	87,039	67,671	50,833	37,063	32,208
EBT Excluding Unusual Items	81,732	85,205	78,577	36,503	23,746	18,388
Asset Writedown	-21.47	-21.47	-	-	63.57	-
Other Unusual Items	62.23	63.75	161.12	174.86	97.25	55.55
Pretax Income	81,054	85,247	78,738	36,677	23,907	18,443
Income Tax Expense	44,037	45,384	42,651	18,280	9,446	7,600
Earnings From Continuing Operations	37,016	39,863	36,086	18,397	14,460	10,843
Minority Interest in Earnings	-33.22	-9.68	425.1	-2.7	-23.76	-11.11
Net Income	36,983	39,854	36,511	18,395	14,437	10,832
Net Income to Common	36,983	39,854	36,511	18,395	14,437	10,832
Net Income Growth	3.64%	9.15%	98.49%	27.42%	33.28%	-16.98%
Basic Shares Outstanding	1,577	1,577	1,577	1,773	1,777	1,777
Diluted Shares Outstanding	1,577	1,577	1,577	1,773	1,777	1,777
Shares Change (YoY)	-0.01%	-	-11.03%	-0.25%	-	0.05%
EPS (Basic)	23.45	25.27	23.15	10.38	8.12	6.10
EPS (Diluted)	23.45	25.27	23.15	10.38	8.12	6.10
EPS Growth	3.65%	9.15%	123.09%	27.74%	33.28%	-17.02%
Dividend Per Share	9.000	8.500	8.000	5.000	4.000	4.000
Dividend Growth	-10.00%	6.25%	60.00%	25.00%	-	-
Effective Tax Rate	54.33%	53.24%	54.17%	49.84%	39.51%	41.21%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.