BankIslami Pakistan Limited (PSX:BIPL)

BankIslami Pakistan Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	112,801	92,756	46,345	23,227	25,721
Interest Income on Investments	67.29	68.55	25.75	24.64	17.39
Total Interest Income	112,868	92,825	46,371	23,251	25,739
Interest Paid on Deposits	66,414	52,573	25,943	12,275	13,230
Net Interest Income	46,454	40,252	20,428	10,976	12,509
Net Interest Income Growth (YoY)	15.41%	97.04%	86.11%	-12.25%	15.79%
Gain (Loss) on Sale of Assets	50.45	39.97	19.59	-3.52	3.61
Gain (Loss) on Sale of Investments	700.89	272.02	80.09	101.98	242.43
Other Non-Interest Income	3,671	2,746	3,351	1,720	1,286
Total Non-Interest Income	4,422	3,058	3,451	1,819	1,532
Non-Interest Income Growth (YoY)	44.60%	-11.38%	89.77%	18.68%	-1.26%
Revenues Before Loan Losses	50,876	43,311	23,879	12,795	14,041
Provision for Loan Losses	2,734	6,887	3,812	31.89	2,601
Revenue	48,143	36,424	20,067	12,763	11,440
Revenue Growth (YoY)	32.17%	81.51%	57.23%	11.56%	19.40%
Salaries and Employee Benefits	521.01	410.47	164.56	70.69	55.32
Selling, General & Administrative	443.91	228.85	208.17	124.32	193.1
Other Non-Interest Expense	21,749	15,940	11,588	9,428	8,515
Total Non-Interest Expense	22,714	16,519	11,916	9,615	8,994
EBT Excluding Unusual Items	25,429	19,905	8,151	3,148	2,447
Other Unusual Items	100.9	183.72	121.96	85.98	84.93
Pretax Income	25,530	20,089	8,273	3,234	2,532
Income Tax Expense	13,696	9,478	3,788	1,266	1,056
Earnings From Continuing Operations	11,834	10,610	4,484	1,968	1,475
Earnings From Discontinued Operations	-	-	-	92.61	92.32
Minority Interest in Earnings	-	-	-	-29.69	-21.2
Net Income	11,834	10,610	4,484	2,031	1,546
Net Income to Common	11,834	10,610	4,484	2,031	1,546
Net Income Growth	11.53%	136.61%	120.77%	31.35%	39.59%
Basic Shares Outstanding	1,109	1,109	1,109	1,109	1,109
Diluted Shares Outstanding	1,109	1,109	1,109	1,109	1,109
Shares Change (YoY)	-	-	-	-	8.09%
EPS (Basic)	10.67	9.57	4.04	1.83	1.39
EPS (Diluted)	10.67	9.57	4.04	1.83	1.39
EPS Growth	11.53%	136.61%	120.77%	31.35%	29.15%
Dividend Per Share	2.750	2.750	1.000	-	-
Dividend Growth	-	175.00%	-	-	-
Effective Tax Rate	53.65%	47.18%	45.80%	39.13%	41.73%

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