Become a Member

Track your favourite stocks
Create & monitor portfolios
Daily portfolio value

Company	Chg	Chg %
Quickpicks
£	%
Add shares to your quickpicks to display them here!

Financial Results for the 1st Qtr. 2026 of UBL

15th Apr 2026 16:06

RNS Number : 6340A

United Bank Limited

15 April 2026

Secretary's Department

UBL/BOD-261/PSX/Results/26

15 April 2026

The General Manager,

Pakistan Stock Exchange Limited,

Stock Exchange Building,

Stock Exchange Road,

Karachi

Dear Sir,

Financial Results for the 1st Quarter Ended 31 March 2026

We have to inform you that the Board of Directors of United Bank Limited ("UBL") in their 261st meeting held on Wednesday 15 April 2026 at Islamabad at 10:00 a.m., inter-alia, recommended the following:

(i) Cash Dividend

An Interim Cash Dividend for the 1st Quarter ended 31 March 2026 at Rs.8/- per share i.e.160%.

Bonus Shares

--- NIL ---

(ii) Right Shares

--- NIL ---

(iii) Any Other Entitlement / Corporate Action

--- NIL ---

(iv) Any Other Price-Sensitive Information

The Board of Directors of UBL has appointed Lord Zameer M. Choudrey, CBE, SI Pk as Chairman of the Board of Directors of UBL.

Further the Board has re-appointed Mr. Muhammad Jawaid Iqbal, as President and CEO of UBL, for a term of three years subject to all applicable regulatory approvals including clearance of Fit and Proper Test (FPT) by the State Bank of Pakistan.

Following documents are attached as:

Annexure-A (Unconsolidated)

1. Standalone Statements of Financial Position

2. Standalone Statements of Profit and Loss

3. Standalone Statement of Changes in Equity

4. Standalone Statements of Cash Flows

Annexure-B (Consolidated)

1. Consolidated Statements of Financial Position

2. Consolidated Statements of Profit and Loss

3. Consolidated Statement of Changes in Equity

4. Consolidated Statements of Cash Flows

The above entitlement of Dividend will be paid to the shareholders whose names will appear in the Register of Members (with their IBAN details) on Thursday, 23 April 2026.

The Share Transfer Books of UBL will remain closed from Friday, 24 April 2026 to Monday 27 April 2026 (both days inclusive). Transfers received at the office of our Share Registrar, M/s. THK Associates (Pvt.) Limited, Plot No. 32-C, Jami Commercial Street-2 D.H.A. Phase-VII Karachi-75400 at the close of business on Thursday 23 April 2026 will be treated in time for the purpose of payment of interim cash dividend

The Quarterly Financial Statements (Quarterly Report) of the Bank for the 1st Quarter ended 31 March 2026 will be transmitted through PUCARS separately, within stipulated time.

Yours faithfully,

Sd/-

Aqeel Ahmed Nasir

Company Secretary &

Chief Legal Counsel

C.C. to:

1) London Stock Exchange.

2) The Commissioner, Enforcement & Monitoring Division, Securities and Exchange

Commission of Pakistan, NIC Building, Jinnah Avenue, Islamabad.

Annexure A-1
UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION
AS AT MARCH 31, 2026

	(Un-audited)	(Audited)
	March 31, 2026	December 31, 2025
	-------------- (Rupees in '000) -----------
ASSETS
Cash and balances with treasury banks	574,808,391	547,646,979
Balances with other banks	65,852,900	57,179,677
Lendings to financial institutions	-	31,574,547
Investments	9,924,233,155	9,951,054,650
Advances	1,479,131,417	1,369,366,395
Property and equipment	132,717,607	120,546,171
Right-of-use assets	47,157,643	36,198,112
Intangible assets	57,389,199	58,353,831
Deferred tax assets	-	-
Other assets	444,784,168	448,273,083
	12,726,074,480	12,620,193,445


LIABILITIES
Bills payable	59,166,702	58,631,844
Borrowings	6,604,788,795	6,530,014,720
Deposits and other accounts	5,394,449,024	5,168,424,418
Lease liabilities	49,797,372	38,873,814
Subordinated debt	10,000,000	10,000,000
Deferred tax liabilities	13,457,921	135,943,237
Other liabilities	178,239,294	179,573,846
	12,309,899,108	12,121,461,879

NET ASSETS	416,175,372	498,731,566

REPRESENTED BY:
Share capital	12,521,239	12,521,239
Reserves	144,949,939	138,517,698
Surplus on revaluation of assets - net	55,605,538	173,025,714
Unappropriated profit	203,098,656	174,666,915
	416,175,372	498,731,566


CONTINGENCIES AND COMMITMENTS

ANNEXURE - A-2

UNCONSOLIDATED CONDENSED INTERIM PROFIT AND LOSS ACCOUNT (UN-AUDITED)

FOR THE THREE MONTHS ENDED MARCH 31, 2026

	January - March 2026	January - March 2025
	-------------- (Rupees in '000) -----------

Mark-up / return / interest earned	323,519,262	260,957,761
Mark-up / return / interest expensed	224,098,666	176,732,625
Net mark-up / interest income	99,420,596	84,225,136

Non mark-up / interest income
Fee and commission income	7,836,987	6,467,543
Dividend income	145,151	862,726
Foreign exchange income	3,938,914	3,477,162
Loss from derivatives	(885,062)	(1,252,817)
Gain on securities - net	30,535,934	5,825,773
Capital gain on derecognition of financial assets measured at amortised cost	-	-
Other income	600,019	217,428
Total non mark-up / interest income	42,171,943	15,597,815
Total Income	141,592,539	99,822,951

Non mark-up / Interest expenses
Operating expenses	37,969,998	24,619,103
Workers' Welfare Fund	2,000,972	1,477,645
Other charges	8,191	653
Total non mark-up / interest expenses	39,979,161	26,097,401

Profit before credit loss allowance	101,613,378	73,725,550
Credit loss allowance and write-offs - net	(455,076)	(1,608,817)

Profit before taxation	102,068,454	75,334,367

Taxation	53,090,596	39,738,749

Profit after taxation	48,977,858	35,595,618

	------------------- Rupees -------------------

Earnings per share - basic and diluted - Restated	19.56	14.46

ANNEXURE A-3 (1 of 3)

UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY (UN-AUDITED)

FOR THE THREE MONTHS ENDED MARCH 31, 2026

	Share capital	Share Premium	Capital Reserve - Exchange Translation	Cash Flow Hedge Reserve	Statutory reserve	Surplus / (Deficit) on revaluation			Unappropriated Profit	Total
	Share capital	Share Premium	Capital Reserve - Exchange Translation	Cash Flow Hedge Reserve	Statutory reserve	Investments	Property and Equipment	Non-banking Assets	Unappropriated Profit	Total
		---------------------------------------------------------------- (Rupees in '000) ----------------------------------------------------------------
Balance as at January 01, 2025 - as restated	12,241,797	-	59,803,954	-	54,930,877	40,190,955	38,453,449	1,146	111,955,818	317,577,996
Total comprehensive income for the three months ended March 31, 2025
Profit after taxation for the three months ended March 31, 2025	-	-	-	-	-	-	-	-	35,595,618	35,595,618
Other comprehensive income - net of tax	-	-	651,213	-	-	(3,027,599)	-	-	-	(2,376,386)
Total comprehensive income for the three months ended March 31, 2025	-	-	651,213	-	-	(3,027,599)	-	-	35,595,618	33,219,232
Transfer of incremental depreciation from surplus on revaluation of property and equipment to unappropriated profit - net of tax	-	-	-	-	-	-	(17,861)	-	17,861	-
Transfer of net gain on disposal of FVOCI equity investments from surplus to unappropriated profit - net of tax	-	-	-	-	-	(186,890)	-	-	186,890	-

Share issued under amalgamation	279,442	10,473,761	-	-	-	-	-	-	-	10,753,203

Transfer to statutory reserve	-	-	-	-	3,559,561	-	-	-	(3,559,561)	-
Transactions with owners, recorded directly in equity
Final cash dividend - December 31, 2024 declared subsequent to the year end at Rs. 11.0 per share	-	-	-		-	-	-	-	(13,465,977)	(13,465,977)
Balance as at March 31, 2025 (Un-audited)	12,521,239	10,473,761	60,455,167	-	58,490,439	36,976,466	38,435,588	1,146	130,730,648	348,084,454

Continued on next page

ANNEXURE A-3 (2 of 3)

UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY (UN-AUDITED)

FOR THE THREE MONTHS ENDED MARCH 31, 2026

		Share capital		Share Premium			Capital Reserve - Exchange Translation	Cash Flow Hedge Reserve			Statutory reserve		Surplus / (Deficit) on revaluation						Unappropriated Profit		Total
													Investments		Property and Equipment		Non-banking Assets
					---------------------------------------------------------------- (Rupees in '000) ----------------------------------------------------------------
Total comprehensive income for the nine months December 31, 2025
Profit after taxation for the nine months ended December 31, 2025		-		-			-	-			-		-		-		-		92,413,229		92,413,229
Other comprehensive income - net of tax		-		-			(142,992)	-			-		100,118,801		-		-		12,099,401		112,075,210
Total comprehensive income for the nine months ended December 31, 2025		-		-			(142,992)	-			-		100,118,801		-		-		104,512,630		204,488,439
Transfer of incremental depreciation from surplus on revaluation of property and equipment to unappropriated profit - net of tax		-		-			-	-			-		-		(53,853)		-		53,853		-
Transfer of net gain on disposal of FVOCI equity investments from surplus to unappropriated profit - net of tax		-		-			-	-			-		(2,452,434)		-		-		2,452,434		-
Transfer to statutory reserve		-		-			-	-			9,241,323		-		-		-		(9,241,323)		-
Transactions with owners, recorded directly in equity
Interim cash dividend - March 31, 2025 declared at Rs. 11.0 per share		-		-			-	-			-		-		-		-		(13,773,363)		(13,773,363)
Interim cash dividend - June 30, 2025 declared at Rs. 8.0 per share		-		-			-	-			-		-		-		-		(20,033,982)		(20,033,982)
Interim cash dividend - September 30, 2025 declared at Rs. 8.0 per share		-		-			-	-			-		-		-		-		(20,033,982)		(20,033,982)
		-		-			-	-			-		-		-		-		(53,841,327)		(53,841,327)
Balance as at December 31, 2025 (Audited)		12,521,239		10,473,761			60,312,175	-			67,731,762		134,642,833		38,381,735		1,146		174,666,915		498,731,566
Effect of Transition to EIR Method - net of tax		-		-			-	-			-		-		-		-		315,991		315,991
Balance as at January 01, 2026 - as restated	12,521,239		10,473,761			60,312,175			-	67,731,762		134,642,833		38,381,735		1,146		174,982,906		499,047,557

Continued on next page

ANNEXURE A-3 (3 of 3)

UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY (UN-AUDITED)

FOR THE THREE MONTHS ENDED MARCH 31, 2026

Share capital	Share Premium		Capital Reserve - Exchange Translation	Cash Flow Hedge Reserve	Statutory reserve	Surplus / (Deficit) on revaluation			Unappropriated Profit	Total
						Investments	Property and Equipment	Non-banking Assets
		---------------------------------------------------------------- (Rupees in '000) ----------------------------------------------------------------

Total comprehensive income for the three months ended March 31, 2026
Profit after taxation for the three months ended March 31, 2026	-	-	-	-	-	-	-	-	48,977,858	48,977,858
Other comprehensive income - net of tax	-	-	(487,607)	2,022,063	-	(113,350,517)	-	-	-	(111,816,061)
Total comprehensive income for the three months ended March 31, 2026	-	-	(487,607)	2,022,063	-	(113,350,517)	-	-	48,977,858	(62,838,203)
Transfer of incremental depreciation from surplus on revaluation of property and equipment to unappropriated profit - net of tax	-	-	-	-	-	-	(6,247)	-	6,247	-
Transfer of net gain on disposal of FVOCI equity investments from surplus to unappropriated profit - net of tax	-	-	-	-	-	(4,063,412)	-	-	4,063,412	-

Transfer to statutory reserve	-	-	-	-	4,897,785	-	-	-	(4,897,785)	-
Transactions with owners, recorded directly in equity
Final cash dividend - December 31, 2025 declared subsequent to the year end at Rs. 8.0 per share	-	-	-		-	-	-	-	(20,033,982)	(20,033,982)
Balance as at March 31, 2026 (Un-audited)	12,521,239	10,473,761	59,824,568	2,022,063	72,629,547	17,228,904	38,375,488	1,146	203,098,656	416,175,372

ANNEXURE A-4 (1 of 2)
UNCONSOLIDATED CONDENSED INTERIM CASH FLOW STATEMENT (UN-AUDITED)
FOR THE THREE MONTHS ENDED MARCH 31, 2026
	January - March 2026	January - March 2025
	-------------- (Rupees in '000) --------------
CASH FLOW FROM OPERATING ACTIVITIES
Profit before taxation	102,068,454	75,334,367
Less: Dividend income	145,151	862,726
	101,923,303	74,471,641

Adjustments:
Depreciation on property and equipment	3,123,045	1,852,788
Depreciation on Islamic financing against leased assets (Ijarah)	93,205	22,577
Depreciation on right-of-use assets	1,516,058	781,052
Depreciation on non-banking assets acquired in satisfaction of claims	4,040	3,457
Amortisation	1,769,920	275,891
Workers' Welfare Fund - charge	2,000,972	1,477,645
Provision for retirement benefits	916,232	422,909
Provision for compensated absences	30,767	34,536
Credit loss allowance against loans and advances - net	1,579,036	(2,997,963)
Credit loss allowance against off - balance sheet obligations - net	(574,942)	818,225
Credit loss allowance for diminution in value of investments - net	(1,292,968)	623,424
Interest expense on lease liabilities against right-of-use assets	1,404,294	596,465
Loss on sale of Ijarah assets - net	97	234
Gain on sale of property and equipment - net	(35,169)	(58,543)
Bad debts written-off directly	23,850	19,656
Unrealised gain on revaluation of investments classified as FVPL	2,217,732	16,503
Credit loss allowance against other assets	65,750	20,397
Other credit loss allowance / write-offs	100,886	49,989
	12,942,805	3,959,242
	114,866,108	78,430,883
(Increase) / decrease in operating assets
Lendings to financial institutions	31,574,547	12,963,283
Securities classified as FVPL	(137,300,867)	(114,668,176)
Advances	(111,590,217)	518,625,528
Other assets (excluding advance taxation)	(5,525,133)	(168,073,472)
	(222,841,670)	248,847,163
Increase / (decrease) in operating liabilities
Bills payable	534,858	(16,662,392)
Borrowings	74,774,075	548,102,065
Deposits and other accounts	226,024,606	754,580,691
Other liabilities	(10,607,243)	(5,891,991)
	290,726,296	1,280,128,373
	182,750,734	1,607,406,419
Payments on account of staff retirement benefits	(4,407,606)	(228,584)
Income taxes paid	(42,094,119)	(17,840,581)
Net cash flow generated from operating activities	136,249,009	1,589,337,254


	Continued on next page




ANNEXURE A-4 (2 of 2)
UNCONSOLIDATED CONDENSED INTERIM CASH FLOW STATEMENT (UN-AUDITED)
FOR THE THREE MONTHS ENDED MARCH 31, 2026	January - March 2026	January - March 2025
	-------------- (Rupees in '000) --------------

CASH FLOW FROM INVESTING ACTIVITIES
Net investments in securities classified as FVOCI	225,216,128	(1,500,147,500)
Net investments in amortised cost securities	(303,371,556)	811,761
Net investments in associates	8,060,154	-
Cash acquired through business combination	-	15,198,229
Dividend income received	95,828	352,349
Investment in property and equipments and intangible assets	(16,318,737)	(68,309,417)
Sale proceeds from disposal of property and equipments	254,137	138,675
Sale proceeds from disposal of ijarah assets	10,497	26,878
Effect of translation of net investment in foreign branches	(487,607)	651,213
Net cash flow used in investing activities	(86,541,156)	(1,551,277,812)

CASH FLOW FROM FINANCING ACTIVITIES

Payment of lease liabilities against right-of-use assets	(2,978,876)	(1,519,047)
Dividend paid	(10,894,342)	(6,619,963)
Net cash flow used in financing activities	(13,873,218)	(8,139,010)

Increase / (decrease) in cash and cash equivalents	35,834,635	29,920,432
Cash and cash equivalents at the beginning of the period	605,998,071	368,504,388
Effect of exchange rate changes on cash and cash equivalents	(1,171,415)	1,209,769
	604,826,656	369,714,157
Cash and cash equivalents at the end of the period	640,661,291	399,634,589

ANNEXURE B-1

CONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION

AS AT MARCH 31, 2026


	(Un-audited) March 31, 2026	(Audited) December 31, 2025
	----------------- (Rupees in '000) -----------------
ASSETS
Cash and balances with treasury banks	575,825,627	548,709,327
Balances with other banks	65,851,309	57,279,049
Lendings to financial institutions	-	31,574,547
Investments	9,927,042,138	9,956,066,916
Advances	1,479,131,417	1,369,366,395
Property and equipment	133,118,760	120,927,227
Right-of-use assets	47,718,883	36,813,438
Intangible assets	57,724,332	58,690,656
Deferred tax assets	-	-
Other assets	445,660,121	449,087,109
	12,732,072,587	12,628,514,664

LIABILITIES
Bills payable	59,166,702	58,631,844
Borrowings	6,604,788,795	6,530,014,720
Deposits and other accounts	5,393,486,772	5,168,089,899
Lease liabilities	50,414,096	39,520,412
Subordinated debt	10,000,000	10,000,000
Deferred tax liabilities	12,875,592	136,299,736
Other liabilities	179,125,089	180,666,240
	12,309,857,046	12,123,222,851

NET ASSETS	422,215,541	505,291,813

REPRESENTED BY:
Share capital	12,521,239	12,521,239
Reserves	144,949,939	138,517,698
Surplus on revaluation of assets - net	55,621,128	173,003,893
Unappropriated profit	209,049,654	181,178,532
Total equity attributable to the equity holders of the Bank	422,141,960	505,221,362

Non-controlling interest	73,581	70,451
	422,215,541	505,291,813

CONTINGENCIES AND COMMITMENTS

ANNEXURE B-2

CONSOLIDATED CONDENSED INTERIM PROFIT AND LOSS ACCOUNT (UN-AUDITED)

FOR THE THREE MONTHS ENDED MARCH 31, 2026

	January - March 2026	January - March 2025
	-------- (Rupees in '000) --------

Mark-up / return / interest earned	323,527,455	260,968,025
Mark-up / return / interest expensed	224,105,363	176,745,006
Net mark-up / interest income	99,422,092	84,223,019

Non-mark-up / interest income
Fee and commission income	8,937,016	7,505,961
Dividend income	145,151	862,726
Foreign exchange income	4,183,319	3,669,940
Loss from derivatives	(885,062)	(1,252,817)
Gain on securities - net	30,424,318	5,825,773
Capital gain on derecognition of financial assets measured at amortised cost	-	-
Other income	586,125	210,247
Total non-markup / interest income	43,390,867	16,821,830
Total income	142,812,959	101,044,849

Non-mark-up / interest expenses
Operating expenses	38,643,420	25,206,289
Workers' Welfare Fund	2,009,322	1,491,619
Other charges	8,191	653
Total non-mark-up / interest expenses	40,660,933	26,698,561
Share of (loss) / profit of associates	(2,006,036)	182,919
Profit before credit loss allowance	100,145,990	74,529,207
Credit loss allowance and write-offs - net	(455,076)	(1,608,817)
Profit before taxation	100,601,066	76,138,024
Taxation	52,180,697	40,026,398
Profit after taxation	48,420,369	36,111,626

Attributable to:
Equity holders of the Bank	48,417,239	36,106,776
Non-controlling interest	3,130	4,850
	48,420,369	36,111,626

	----------------- (Rupees) -----------------
Earnings per share - Basic and diluted - Restated	19.33	14.67

ANNEXURE B-3 (1 of 2)

CONSOLIDATED CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY (UN-AUDITED)

FOR THE THREE MONTHS ENDED MARCH 31, 2026

	Share capital	Share Premium	Statutory Reserve	Capital Reserve - Exchange Translation	Cash Flow Hedge - Reserve	Surplus / (Deficit) on revaluation			Unappropriated Profit	Sub total	Non-controlling interest	Total
	Share capital	Share Premium	Statutory Reserve	Capital Reserve - Exchange Translation	Cash Flow Hedge - Reserve	Investments	Property and Equipment	Non-banking Assets	Unappropriated Profit	Sub total	Non-controlling interest	Total
	-------------------------------------------------------------------------------------------------------------------------------- (Rupees in '000) --------------------------------------------------------------------------------------------------------------------------------
Balance as at January 01, 2025 - as restated	12,241,797	-	54,930,877	59,803,954		40,210,574	38,453,449	1,146	116,472,051	322,113,848	49,910	322,163,758
Total comprehensive income for the three months ended March 31, 2025
Profit after taxation for the three months ended March 31, 2025	-	-	-	-	-	-	-	-	36,106,776	36,106,776	4,850	36,111,626
Other comprehensive income - net of tax	-	-	-	651,213	-	(3,056,394)	-	-	-	(2,405,181)	-	(2,405,181)
Total comprehensive income for the three months ended March 31, 2025	-	-	-	651,213	-	(3,056,394)	-	-	36,106,776	33,701,595	4,850	33,706,445
Transfer of incremental depreciation from revaluation of property and equipment to unappropriated profit - net of tax	-	-	-	-	-	-	(17,861)	-	17,861	-	-	-
Transfer of net gain on disposal of FVOCI equity investments from surplus to unappropriated profit - net of tax	-	-	-	-	-	(186,890)	-	-	186,890	-	-	-
Transfer to statutory reserve	-	-	3,559,561	-	-	-	-	-	(3,559,561)	-	-	-
Shares issued under amalgamation	279,442	10,473,761	-	-	-	-	-	-	-	10,753,203	-	10,753,203
Transactions with owners for the three months ended March 31, 2025, recorded directly in equity
Final cash dividend - December 31, 2024 declared subsequent to the year end at Rs. 11.0 per share	-	-	-	-	-	-	-	-	(13,465,977)	(13,465,977)	-	(13,465,977)
Balance as at March 31, 2025 (Un-audited)	12,521,239	10,473,761	58,490,438	60,455,167	-	36,967,290	38,435,588	1,146	135,758,040	353,102,669	54,760	353,157,429
Total comprehensive income for the nine months ended December 31, 2025
Profit after taxation for the nine months ended December 31, 2025	-	-	-	-	-	-	-	-	93,893,107	93,893,107	15,641	93,908,748
Other comprehensive income - net of tax	-	-	-	(142,992)	-	100,106,156	-	-	12,103,749	112,066,913	50	112,066,963
Total comprehensive income for the nine months ended December 31, 2025	-	-	-	(142,992)	-	100,106,156	-	-	105,996,856	205,960,020	15,691	205,975,711
Transfer of incremental depreciation from revaluation of property and equipment to unappropriated profit - net of tax	-	-	-	-	-	-	(53,853)	-	53,853	-	-	-
Transfer of net gain on disposal of FVOCI equity investments from surplus to unappropriated profit - net of tax	-	-	-	-	-	(2,452,434)	-	-	2,452,434	-	-	-
Transfer to statutory reserve	-	-	9,241,324	-	-	-	-	-	(9,241,324)	-	-	-
Transactions with owners for the nine months ended December 31, 2025, recorded directly in equity
Interim cash dividend - March 31, 2025 declared at Rs. 11.0 per share	-	-	-	-	-	-	-	-	(13,773,363)	(13,773,363)	-	(13,773,363)
Interim cash dividend - June 30, 2025 declared at Rs. 8.0 per share	-	-	-	-	-	-	-	-	(20,033,982)	(20,033,982)	-	(20,033,982)
Interim cash dividend - September 30, 2025 declared at Rs. 8.0 per share	-	-	-	-	-	-	-	-	(20,033,982)	(20,033,982)	-	(20,033,982)
	-	-	-	-	-	-	-	-	(53,841,327)	(53,841,327)	-	(53,841,327)
Balance as at December 31, 2025 (Audited)	12,521,239	10,473,761	67,731,762	60,312,175		134,621,012	38,381,735	1,146	181,178,532	505,221,362	70,451	505,291,813
Effect of Transition to EIR Method - net of tax	-	-	-	-	-	-	-	-	315,991	315,991	-	315,991
Balance as at January 01, 2026 - as restated	12,521,239	10,473,761	67,731,762	60,312,175	-	134,621,012	38,381,735	1,146	181,494,523	505,537,353	70,451	505,607,804

							Continued on next page

ANNEXURE B-3 (1 of 2)

CONSOLIDATED CONDENSED INTERIM STATEMENET OF CHANGES IN EQUITY (UN-AUDITED)

FOR THE THREE MONTHS ENDED MARCH 31, 2026

	Share capital	Share Premium	Statutory Reserve	Capital Reserve - Exchange Translation	Cash Flow Hedge - Reserve	Surplus / (Deficit) on revaluation			Unappropriated Profit	Sub total	Non-controlling interest	Total
	Share capital	Share Premium	Statutory Reserve	Capital Reserve - Exchange Translation	Cash Flow Hedge - Reserve	Investments	Property and Equipment	Non-banking Assets	Unappropriated Profit	Sub total	Non-controlling interest	Total
	-------------------------------------------------------------------------------------------------------------------------------- (Rupees in '000) --------------------------------------------------------------------------------------------------------------------------------
Total comprehensive income for the three months ended March 31, 2026
Profit after taxation for the three months ended March 31, 2026	-	-	-	-	-	-	-	-	48,417,239	48,417,239	3,130	48,420,369
Other comprehensive income - net of tax	-	-	-	(487,607)	2,022,063	(113,313,106)	-	-	-	(111,778,650)	-	(111,778,650)
Total comprehensive income for the three months ended March 31, 2026	-	-	-	(487,607)	2,022,063	(113,313,106)	-	-	48,417,239	(63,361,411)	3,130	(63,358,281)
Transfer of incremental depreciation from revaluation of property and equipment to unappropriated profit - net of tax	-	-	-	-	-	-	(6,247)	-	6,247	-	-	-
Transfer of net gain on disposal of FVOCI equity investments from surplus to unappropriated profit - net of tax	-	-	-	-	-	(4,063,412)	-	-	4,063,412	-	-	-
Transfer to statutory reserve	-	-	4,897,785	-	-	-	-	-	(4,897,785)	-	-	-
Transactions with owners for the three months ended March 31, 2026, recorded directly in equity
Final cash dividend - December 31, 2025 declared subsequent to the year end at Rs. 8.0 per share	-	-	-	-	-	-	-	-	(20,033,982)	(20,033,982)	-	(20,033,982)
Balance as at March 31, 2026 (Un-audited)	12,521,239	10,473,761	72,629,547	59,824,568	2,022,063	17,244,494	38,375,488	1,146	209,049,654	422,141,960	73,581	422,215,541

ANNEXURE B-4 (1 of 2)

CONSOLIDATED CONDENSED INTERIM CASH FLOW STATEMENT (UN-AUDITED)

FOR THE THREE MONTHS ENDED MARCH 31, 2026

	January - March 2026	January - March 2025
	--------- (Rupees in '000) ---------

CASH FLOW FROM OPERATING ACTIVITIES
Profit before taxation	100,601,066	76,138,024
Less: Dividend income	145,151	862,726
Less: Share of (loss) / profit of associates	(2,006,036)	182,919
	102,461,951	75,092,379
Adjustments:
Depreciation on property and equipment	3,147,915	1,874,603
Depreciation on Islamic financing against leased assets (Ijarah)	93,205	22,577
Depreciation on right-of-use assets	1,532,524	813,637
Depreciation on non-banking assets acquired in satisfaction of claims	4,040	3,457
Amortisation	1,773,314	279,459
Workers' Welfare Fund - charge	2,009,322	1,491,619
Provision for retirement benefits	916,232	427,270
Provision for compensated absences	30,767	34,536
Credit loss allowance against loans and advances - net	1,579,036	(2,997,963)
Credit loss allowance against off - balance sheet obligations - net	(574,942)	818,225
Credit loss allowance for diminution in value of investments - net	(1,292,968)	623,424
Interest expense on lease liabilities against right-of-use assets	1,412,597	609,734
Loss on sale of Ijarah assets - net	97	234
Gain on sale of property and equipments - net	(35,169)	(58,544)
Bad debts written-off directly	23,850	19,656
Unrealised gain on revaluation of investments classified as FVPL	2,217,732	16,503
Credit loss allowance against other assets	65,750	20,397
Other credit loss allowance / write-offs	100,886	80,635
	13,004,188	4,079,459
	115,466,139	79,171,838
(Increase) / decrease in operating assets
Lendings to financial institutions	31,574,547	12,963,283
Securities classified as FVPL	(137,300,867)	(114,668,176)
Advances	(111,590,217)	518,104,269
Other assets (excluding advance taxation)	(5,556,930)	(167,401,098)
	(222,873,467)	248,998,278
Increase / (decrease) in operating liabilities
Bills payable	534,858	(16,662,392)
Borrowings	74,774,075	548,102,065
Deposits and other accounts	225,396,873	754,604,962
Other liabilities	(7,765,317)	(5,840,562)
	292,940,489	1,280,204,073
	185,533,161	1,608,374,189
Payments on account of staff retirement benefits	(4,415,554)	(228,575)
Income taxes paid	(42,284,056)	(18,185,802)
Net cash flow generated from operating activities	138,833,551	1,589,959,812

Continued on next page

ANNEXURE B-4 (2 of 2)

CONSOLIDATED CONDENSED INTERIM CASH FLOW STATEMENT (UN-AUDITED)

FOR THE THREE MONTHS ENDED MARCH 31, 2026

	January - March 2026	January - March 2025
	----------------- (Rupees in '000) -----------------

CASH FLOW FROM INVESTING ACTIVITIES
Net investments in securities classified as FVOCI	224,986,972	(1,500,190,970)
Net investments in amortised cost securities	(303,371,556)	811,761
Net investments in associates	5,626,391	(366,974)
Cash acquired through business combination	-	15,198,229
Dividend income received	95,828	352,349
Investment in property and equipments and intangible assets	(16,366,806)	(68,323,362)
Sale proceeds from disposal of property and equipments	255,537	138,911
Sale proceeds from disposal of ijarah assets	27,645	27,645
Effect of translation of net investment in foreign branches	(487,607)	651,213
Net cash flow used in investing activities	(89,233,596)	(1,551,701,198)

CASH FLOW FROM FINANCING ACTIVITIES
Payment of lease liabilities against right-of-use assets	(3,017,053)	(1,549,147)
Dividend paid	(10,894,342)	(6,619,963)
Net cash flow used in financing activities	(13,911,395)	(8,169,110)
Increase in cash and cash equivalents	35,688,560	30,089,504
Cash and cash equivalents at the beginning of the period	607,166,809	369,594,853
Effect of exchange rate changes on cash and cash equivalents	(1,178,433)	1,209,769
	605,988,376	370,804,622
Cash and cash equivalents at the end of the period	641,676,936	400,894,126

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCZELFFQZLEBBX

Related Shares:

FTSE 100 Latest

Value10,667.63

Change77.64