KARACHI – United Bank Limited (UBL) has announced an extraordinary financial performance for the nine months ended September 30, 2025. The bank reported a consolidated profit after tax of Rs. 100.10 billion, more than doubling from Rs. 49.73 billion in the same period last year.
Earnings per share (EPS) correspondingly doubled to Rs. 40.19, up from Rs. 20.06 in 9MFY24.
Reflecting this strong profitability, the Board declared an interim cash dividend of Rs. 8.00 per share (160%) for the third quarter. This brings the total dividend for the nine-month period to Rs. 21.50 per share (430%), following a previous interim dividend of Rs. 13.50 per share.
The cornerstone of this performance was a historic surge in the bank’s core income. Net mark-up/interest income skyrocketed by 153.8% to Rs. 267.41 billion. This was achieved through a combination of a 4.3% increase in interest earned and a significant 17.6% reduction in interest expenses, showcasing exceptional asset-liability management in a favorable interest rate environment.
Performance Highlights (Consolidated – Rs. in billion)
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Net Mark-up/Interest Income:Â 267.41 (9MFY24: 105.36) |Â +153.8%
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Total Income:Â 314.71 (9MFY24: 161.75) |Â +94.6%
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Profit Before Tax:Â 225.04 (9MFY24: 102.04) |Â +120.5%
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Profit After Tax:Â 100.09 (9MFY24: 49.73) |Â +101.3%
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Earnings Per Share (EPS):Â Rs. 40.19 (9MFY24: Rs. 20.06) |Â +100.4%
While non-mark-up income saw a 16.1% decline due to lower gains from securities, this was overwhelmingly offset by the massive growth in net interest income. The bank also continued to grow its core fee streams, with fee and commission income rising 38.0% and foreign exchange income increasing 30.5%.
Operating expenses increased by 52.2%, reflecting business expansion and inflationary pressures. However, the bank’s profitability was further bolstered by a higher reversal of credit loss allowances, indicating improved portfolio quality.
The bank’s net profit margin strengthened to 31.80%, and the gross profit margin saw a dramatic improvement.
