Faysal Bank LimitedPSX: FABL

Financial Results for the Second Quarter (half year) ended June 30, 2025

Aug 28, 2025 at 7:33 AM UTC · Issued by Faysal Bank Limited

August 28, 2025

The General Manager

Pakistan Stock Exchange Limited

Stock Exchange Building, Stock Exchange Road, Karachi.

f salb

Dear Sir,

Sub: FINANCIAL RESULTS FOR THE SECOND QUARTER(HALF YEAR) ENDco ‹unE a0. zozs

Further to our letter dated August 15, 2025, we have to inform you that the Board of Directors of Faysal Bank Limited (FBL) at its meeting held on August 28, 2025, at Karachi at 9:30 a.m. and approved the following:

CASH DIVIDEND:
Interim Cash Dividend for the Second Quarter (half year) ended June 30, 202S @ Rs. 1.5 per share of Rs. 10/- each
i.e. 15%. This is in addition to 15% Interim Cash Dividend for the First Quarter ended March 31, 2025, already paid to the Shareholders.
BONUS SHARES:
NIL
RIGHT SHARES:
NIL
ANY OTHER ENTfTtEMENT/CORPORATE ACTjON:
NIL
ANY OTHER PftICE-SENSITIVE INFORMATION:
NIL
FINANCIAL STATEMENTS:
The following Financial Statements of FBL each Unconsolidated as Annexure-A and Consolidated as Annexure-B are attached:
1. Statements of Financial Position
2. Statements of Profit & Loss
3. Statements of Changes in Equity
4. Statements of Cash Flows

The said Financial Statements of the Bank for the second quarter (half year) ended June 30, 2025, will be transmitted through PUCARS separately, within the specified time.

The Share Transfer Books of the Bank will be closed from September 11, 2025 to September 13, 2025 (both davs inclusive). Transfers received at the office of our Share Registrar M/s. CDC Share Registrar Services Limited, CDC House, 99-B, Block-B, S.M.C.H.S., Main Shahrah-e-Faisal, Karachi at the close of business on September 10, 202S, will be treated in time for the aforesaid Interim Cash Dividend.

Company Secretary & Head of Legal Encl: as above

c.c. Executive Director/HOD,

Offsite-II Department, Supervision Division, Securities & Exchange Commission of Pakistan,

63, NIC Building, Jinnah Avenue, Blue Area, Islamabad..

wwwTasabankcom Serial No 28 30 0 76

Annexure A-1

FAYSAL BANK LIMITED

CONDENSED INTERIM UNCOMSOLIDATED STATEMENT OF FINANCIAL POSITION

AS AT June 30, 2025

(Un•audlted) (Audlted) Note June 30, December 31,

2026 2024

Rupeee In '000 -

ASSETS

Cash and balances with treasury banks Balances with other banks

Due Fom financial institutions Investments

Islamic financing and related assets Property and equipment

Right-of-use assets Intangible assets Deferred tax assets Other assets

LIABILITIES

Bills payable

Due to financial institutions Deposits and other accounts Lease liabilities Subordinated sukuk Deferred tax liabilities

Other liabilities

05,B7B.411

1,310,917

3,499,999

701,038,657

71g,394.760

49,581,528

13,7B7,872

2,48B.4BB

91,615,068

1,678,908,806

32,140,484

21D,823,37B

1,243.586,054

1g,875,788

7,B0b,01b

57,48S,7B7

NET ASSETS REPRESENTED BY		110,328,299	108,361,369
Share capital		15,176,585	15,176,585
Reserves		18,851,623	17,888.357
Surplus on revaluation of aesets - net of tax	24	19,800,741	22,771,883
Unappropriated profit		56,412,970	52,546,104
		110,328,299	108,381,369
CONTINGENCIES AND COMMITMENTS	25

1,588,580,507

1O2,5d7,577

5.536,46•l

67T,372,3£B

13.280.801

2,8tXi,358

82,707.B43

1,582,667,639

3B,1B0,849

260,442,540

1,044.276,507

15,546,893

12,083.880

B1,BB4,721

1,454,306,270

The annexed notes 1 to 43 form an integral part of the6e ndensed interim uncon8olideted flnandal statements.

President & CEO Chief Financial Chelman Dlramor

FAYSAL BANK MMITED

CONDMSED INTERIM UNCONSOLIDATED STATEMENT OF PROPIT MD LOS9 ACCOUNT {UN-AUDITED) FOR THE HALF YEAR ENDED JUNE 30, 2025

20ZS 2034

Annexure A-2

2025 Z0Zd

Profit / return earned Profit / return expensed

27 41,878.783 59,7 6,010 83,085,732 120,Z20,722

3,3B4.0B4

Z,S¥7.Z02

200,247

1,0e9,307 (21,667} fi71.628

168,0S7 '1,174,44t 1Z,00d

93z;a24

ZS6.410

260,400

(61,636)

(165,250)

(166 )

37,214

142,t19

1E4,6@1

26 24,650,469 40,145,209 49,546,552 61,777,697

Net profit / return

OTHER lt4COME

17,2Z2,314

19,650,601

34.417,160

38,443,025

Fee and commission Ince

Dividend income

Foreign exchange income (Loes) / income from derivatives Gain on securities - net

Net lose on demcognition of financial assety

measured at amortised cost

17.1

Total other income

5,659,165

4,257,242

10,606,156

B,888,079

Total income

22,661,479

23,906,043

45,025,316

47,442,104

OTHER EXPOSES

Operating expenses

Workers welfare fund Other chargee

Total other expenses

13,339,464

1J,392.555

20,661,296

22,41B,B66

Profit before credit loes a8owanoe

Reversal of a'edk loss ellowence and writa offa - net

(1,1ee,szq

Extr6 ordinary / unusual items

PROFfT BEFORE TAXATION

10,741,536

13,346,959

21,655,950

25,626,457

Texstlon

6$02041

11,647,740

12,060.112

13,116,234 11,091,215

217.562 26B,e06

3,046 32,442

4,234

21,655,026

527,0B3

36,697

PROFIT AFTER TAXATION

4 850 695 7

- Rupooo

Baalc and diluted earnings per ahars

36 3.20 4.45 6.69 8.74

The annexed notes 1 to 43 fom an integral part of theee condensed interim unconeolldated finandal dstements.

President é CEO

Cluinnan Director

FAYSAL BANK LIMITED

Chief Financial Ofllcer

r » :z Bzvz xi:›• z=»

CONDENSED INTERIM UMCON6OLJDATED STATEMENT OF CMNGES INEQUITY FOR THE MALF YEAR ENDED JUNE 30, Z026

Bc•n••= •am zo,aszs lunwax

Annexure A-3

The arvexed roas 1 a 4s lb

Prealdent 6 CEO

FAYSAL BANK LIMITED

CONDENSED INTERIM UNCONSOLIDATED CA6H FLOW 6TATEMEMT (UN•AUDITED)

FOR THE HALF YEAR ENDED JUNE 30, 2026

CMH FLOWS FROM OPERATING ACTMTIES

Profit before taxation Less: dlvidand Income

Adjuatmenta:

Net profil / return income

Oepreclaaon on owned property end edu nt Depreclatlon on righl-of-use assets oepreciatlon on non-banking a6sets Amortisation of intangible asaeD

Workers welfare fund

Annexure A-4

June 30, Jurta 30,

2034

(Restated)

-- Rugs InV -

21,653,969

(260,409)

{94:c17,180)

186,258

276:385

1,42S;280

906,7t2

1;g76

200,t4e

627,DB9

1e6,266

176,604

25,500,048

Nel lose on derecognition of financial ascets measured at amortlaed coat Gain on eale of Property and equipment - net

Gain on temlnatton of leases (IFRS 16) Charge for defined benefit plsn

Loss from derivative contracts

Oue from financial inetitutlone Securities dassified as FVTPL Islamic financing and related aseets

Othem sssete (excluding advance Bxatlon)

Increase I (decrease) In operating IIab!lttlcs Bills Payable

Due o financial institutions

Other liabilities (excluding currant taxation) Income tax paid

Profit / reMm reoeived

ProR / return paid

(35,218,997)

(11,800,448)

(3,600,000)

(62,917,609)

(16,417,408)

(101,197,058)

(6g,819,164) 189,Z00,S47

(2,172,076)

120,409,240

(12,031,964)

07,337,661

(46,629,427)

05.00203$) (10,DB8OO)

9,516

1,685,507

4,547,257

1,202,998

10,540,861

¥0,812,646 (7,917,B59} 56,644,84 (15,8Z7,679) 113,262,077

Contribution to gratuity fund (370,812)

Net caeh generated from operating actMtlas

CASH FLOW9 FROM INVESTING ACTMTIZS

Net dlvestrnanta I (investmena) In arrorttzad cost saazñ6sc Net investments in securities classified ae FVOCI

Net investments in subsidbry Net divestments in associates Dividends received

Investment In property and equipment Investment in intangible aceete

Dlsposal proceeds of property and equipment Net caah uaed In Investing actJvttlea

33,777,274

71,B66,159

224.070

'1.1'726

{31,416;M9I

204,144

t*16;44S}

(46,614,310)

CASH FLOWS FROM FINMCING ACTMTtE6

Payment of leese liabilities against right-of-use aeeeD Dividend pald

Net caah ueed In financing activities

(Decrease) / increase in cash and ca0h equlnlcnls during the period Caah and cash equivalents st the beginning of the year

Effect of exchange rate changes on cash and cash equivalent Ca•h and caah equivalents et the baglnnlng of eie pedod

'TIN BIf+8xBd IoMa to 43 fonti ¥tt In rel part of theae *denaed interlm unconsolldated financial awtenerIts.

AUR MGZEB

President & CEO Chief Flnanclal Officer

(7,6t1,583) (12,659,372)

10 706,713

108,550.206

12,194,440

1H,07T,041

97 2e0 32s 90,910 101

FAYSAL BANK LIMITED CONDENSED INTERIM CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AS AT JUNE 30, 2025

Annexure B-1

(Un-audited) (Audited)

Note June 30, December 31,.

2025 2024

Rupees '000

ASSETS

Cash and balances with treasury banks

90,280,491

g,80O,857

Balances with other banks

1,311,9t5:

5,639,082

Due from financial institutions

5,499,999

Investments

702,108,023

878,254,98d

Islamic financing and related assets

719,452,108'

633,980,218

Property and equipment

50,095,431

45,0OB,778

Right-of-use assets

13.790,308.

13,297,764

Intangible assets

2,027,'033'

2,739,00't

Deferred tax assets

Other assets

B2.D13.3B1

8g.185.03d

1,681,166,859

1,564,615,086

LIABILITIES

Bills payable

32,.t40;484

39,180,848

Due to financial institutions

2'I0,823,376

280,442,540

Deposits and other accounts

f,249,41.7,705.

1,0d4,04S,748

Lease liabilities

'I6,7m402

15,saz,ez

Subordinated sukuk

Deferred tax liabilities

7,006,422

13,101,335

Other liabilities

57,784,733

02.378,100

1,568,856,123

1,454,690,052

NET ASSETS

112,310,736 '

109,925,034

REPRESENTED BY

Share capital

15,176,965

Reserves

18,851,623

17,866,357

Surplus on revaluation of assets - net of tax

19,886,741

22,771,883

Unappropriated profit

58,395,019

54,109,488

Total equity attributable to the equity holders of the Bank,

112,310,348

109,924,693

Non-controlling interest

388

341

112,310,736

109,925,034

CONTINGENCIES AND COMMITMENTS

nexed notes 1 to 44 form an integral part of these condensed interim consolidated financial statements.

President & CEO Chief Financial Officer Chéirman Director DI 6CtOF

Annexure B-2

FAYSAL BANK LIMITED CONDENSED INTERIM CONSOLIDATED STATEMENT OF PROFIT AND LOSS ACCOUNT (UN-AUDITED)

FOR THE HALF YEAR ENDED JUNE 30, 2025

Quarter ended Note June 30, June 30,

2025 2024

(Restated)

Half year ended June 30, June 30,

2025 2024

(Restated)

4,147,957	3,011,852	8,098,186	6.012,688
188,981	152,468	204,144	223,070
1,996,644	1,178,90'I	3.727.506	2,779,459
(21,657)	12,008	(6,171)	(5,947)
163,683	411,994	210.077	639,232
(81,628)	(165,256)	(165,256)	(1g5,256)
22.091	136,703	132.551	309.660

13,632,631	11,406,694	27,294,276	22,361,709
217,582	272,340	444,366	536,618
3,648	32,442	4,234	36,897

---- - Rupees '000 -- -

Profit / return earned	28	41,891,273	59,819,053 83,998,604	120,245,027
Profit / return expensed	29	24,655,508	40,136,192 49,547,479	81,744,689
Net profit / return		17,235,765	19,682,861 34,451,125	38,500,338
OTHER INCOME
Fee and commission income Dividend income Foreign exchange income (Loss) / income from derivatives	30
Gain on securities - net Net loss on derecognition of financial assets measured at amortised cost	31 18.1
Other income	32
Total other income		6,396,071	4,738,700 12,201,037	9,792,906
Total income		23,631,836	24,421,561 46,652,162	48,293,244
OTHER EXPENSES
Operating expenses Workers welfare fund	33
Other charges	34
Total other expenses		13,853,861	11,711,476 27,742,876	22,935,224
Share of profit of associates	13.5	77,619	80,161 124,878	182,117
Profit before credit loss allowance		9,855,594	12,790,246 19,034,164	25,540,137
Reversal of credit loss allowance and write offs - net	35	(1,203,801)	(833,858) (3,514,221)	(797,779)
Extra ordinary / unusual items		-	-
PROFIT BEFORE TAXATION		11,059,395	13,624,104 22,548,385	26,337,916
Taxation	36	6,043,894	6,672,247 12,123,399	12,776,747
PROFIT AFTER TAXATION		5,015 501	6,951,857 10,424,986	13,561,169
Attributable to: Equity holders of the Bank		5.015.482	6,951,840 10,424,939	13,561,142
Non-controlling interest		19	17 47	27
		5,015,501	6,951,857 10,424,986	13,561,169
			Rupees
asic and diluted earnings per share	37	3.30	4.58 6.87	8.94

The annexed notes 1 to 44 form an integral part of these condensed interim consolidated financial statements.

President & CEO Chief Financial Officer Director

FAYSAL BANK LIMITED

CONDENSED INTERIM CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE HALF YEAR ENDED JUNE 30, 2025

Annexure B-3

ama

{NCR) - Kali

'"'""

Balance as at December 31, 2023

15,176.965

10 3

i66.@ '

23,952

15,393,804

15,616,188

3,349.0Z9

11,821,788

15,170,817

42,102,243

288

g0.00Ba71

Impact of adopting IFRS 9 as at January 1, 2024 - net of tax

(695,105)

(8Rn05)

15.176,965

10,131

"B6.30"'

23,952

15,393,804

15,616,188

2,453,924

11,821,788

14,275,712

42.102,243

258

87d71MD

Proft after taxation for the halt yer ended Jupe 30, 2024

Other comprefiepsive {loss) I income

13,S61,142

13,M1,169

Movement in surplus on revaluation of investments - net of tax

Movement in deceit on revaluañon ot non-banking assets - net of ia

Total other comprehensive bss - net of tax

(1,tB3,696)

(1,063,696)

(1.063,69B)

Gain on sale of equity instuments classified as FVOGI - net of tax

(2%,W)

(2%.M)

2%,W

Transfer from surplus on revaluafion of property and equipment lo unappropriated profil - net of tax

Amortisation of inlangible assels - customer relationship - net of tax

Final cash dividend declaed on February 7, 2024 at Rs 2 per share

First interim cash dividend declared on April 25, 2024 at Re 1 per share

Restated balance as at June 30, t024 (Un•audited)

Profit after taxaion for the six months peñod ended December z1, 2024

Qher comprehensive inoome

Movement in surplus on revaluation of debt investments through FVOCI - net of lax Movement in surplus on revaluation of equity

1,326.634 4 ,328,634

(20,943)

(1,517,697) 15,176,9g5 10,131 167,356 23,952 16,720,438 16,921,879 1.131,619 11,749,915 12.881,534 50,094.142

I 0,330.507

Remeasuremenl loss on defined banefit obligabons - net of tax Movement in defcit on revaluafion of property and equipment - net ol' Movement in defcit on revaluation of non-banking assefs - net of lax Total other comprehensive income / (loss) - net of tax

Gain on sale of equity instruments classified as FVOCI - net of tax

Transfer to statutory reserve

Transfer Irom surplus on revaluaion of property and

Amortisation of intangible assets - customer

(31,707)

A.t01 A,761 (29,7B0) (0t6,45)

(64,2S4) (S't.254) D,2M

Second interim cash dividend declared on Augusl 26, 2024

at Rs 2 per shae

(3,035,394)

(3,035,094)

Third interim cash dividend declared on October 24, 2024

at Rs 1.5 per share

•

(2,27b,M5)

(2276,540)

Balance as at December 31, 2024 (Audited)

15,176.965

10,131

135,851

23,952

17.696,623

17,808,357

11,288.222

11.503,841

22,771.883

54,109,488

109,925,O34

Impact of adopting IFRS 9 as at January 1, 2025 - nel of lax

877.347

877,347

Restated balance as at January 1 , 2025

15,176,965

10,131

135,651

23,952

17,696,623

17,866,357

12,145,569

11.503,661

23,649,230

M,109,488

341

110,8W,381

Profit after laxafion for lie half yea ended June 30, 2025

(2,$O3,4Z6

(1S0,293

40,058

(2,403#A (1S0,293 40,059

(2,403,436

40,059

investments Through FVOCI - nel of Fax

investments Iflrough FVOCI - nel of tax Nbvement in surplus on reva|uation of property and

equipment - net of Fax

kbvement in deficit on re¥aluafion of non-banking assets - net of tax

Total offier comprehensive loss - net of laX

(2,5S3,729) (2,8â0,4R)

(2,830,4R)

as FVOCI - net of lax

Transfer from surplus on revaluation of property and equipment to unappropriated profit - net or tax

Amortisation of inlangible assets - customer relationship - net of tax

Transaction with owners, recorded directly in equity Final cash dividend declaed on Februay 20.2025

at Rs 2 5 per share

First interim cash dividend declared on April 24, 2025 al Rs 15 per share

(15,355)

1,0Xl,621 1,000,621

(881,942) 881,942

(1,QXl.621)

OJ0U) 50,057 5R05

								(2,276S4Q	-	2276,51)
i 5.176.98S	:0.tit	20 M	23,852	18,697,244	1B,851,623	8.709,89d	11,176,843 19,808,741	5B,395.019	W	112,310.7N

The annexed notes 1 ro 44 form an integral part of these condensed intenm consolidated financial statements

er/i/iré i': .' . . :', ,'

" Presldant & CEO Chief Financial Officer Gttairman DI

FAYSAL BANK LIMITED CONDENSED INTERIM CONSOLIDATED CASH FLOW STATEMENT (UN-AUDITED)

FOR THE HALF YEAR ENDED JUNE 30, 2025

Note June 30,

2025

Annexure B-4

June 30,

2024

(Restated)

Rupees '000

CASH FLOWS FROM OPERATING ACTIVITIES

Profit before taxation Less: dividend income

Less: share of profit of associates

Adjustments:

Net profit / return income

Depreciation on owned property and equipment Depreciation on right-of-use assets Depreciation on non-banking assets Amortisation of intangible assets

Workers welfare fund

Reversal of credit loss allowance and write offs - net

Net loss on derecognition of financial assets measured at amortised cost Gain on sale of Property and equipment - net

Gain on termination of leases (IFRS 16) Charge for defined benefit plan

Loss from derivative contracts

(Increase) I decrease in operating assets Due from financial institutions

Securities classified as FVTPL Islamic financing and related assets

Others assets (excluding advance taxation)

Increase / (decrease) in operating liabilities Bills Payable

Due to financial institutions Deposits

Other liabilities (excluding current taxation)

Income tax paid

Net profit / return received Net profit / return paid Contribution to gratuity fund

Net cash generated from operating activities

CASH FLOWS FROM INVESTING ACTIVITIES

Net divestments / (investments) in amortized cost securities Net investments in securities classified as FVOCI

Net (investments) / divestments in associates Dividends received

Investments in property and equipment Investments in intangible assets

Disposal proceeds of property and equipment

22,548,385

(204,144)

2,397,447

1,214,970

1,185

295,971

444,366

(3,514,22,1

165,256 (17.98B)

1 ,aao;

267,30S

6.171

(124,878) 22,219,363

f33.1B7.t89) (10,868,126)

(3,500,000)

1,434,901

(82,894,269)

(16,213,036)

(101,172,404)

(7,029,165)

(69,619,164)

199,401,957 (2,346,798/

120,406,830

(12.267,473)

87,370,005

(48,826,079)

2.081.1z7 (31,346,470

(330.529, 172,87B (7,731,187;

(222,272,

27g,sss

(393,231) 34,149,522

26,337,916

(223,070)

(182,117) 25,932,729

(gy ¿nn ¿ ) 1,431,867

996,712

1,378

201,732

536,618

(797,779)

165.256

(15,256)

(t7,140)

176,694

5,947

(35.B44,309j

(9,911.580)

(2,850,801)

9,518

1,860,583

(980,700)

1,202,998

10,546,861

55,596,293

(7,877,475)

59,468,677

(16,176,941)

113,263,561

(79,489,378)

(176,694)

65,996,945

(1,165,511)

(35,834,847)

1,284,270

186,737

(5.566.229)

(254,353)

16,472

Net cash used in investing activities

(37,099,488)

{41,133,4g1j

CASH FLOWS FROM FINANCING ACTIVITIES

Payment of lease liabilities against right-of-use assets

1 0 496

(1 422 935)

Dividend paid

5 78 251

11 191 378)

Net cash used in financing activities

(7,618,747)

(12,614,313)

(Decrease) / Increase in cash and cash equivalents during the period

10,568,713

12,249,171

Cash and cash equivalents at the beginning of the year

108,613,436

83 5 0 79

Effect of exchange rate changes on cash and cash equivalents

(473,217)

124 967

Cash and cash equivalents at the beginning of the period

108,140,219

83,715,766

Cash and cash equivalents at the end of the period

97 571 506

95 964 937

The annexed notes 1 to 44 form an integral part of these condensed interim consolidated financial statements.

esident & CEO

Chief Financial Officer Director

Earlier from Faysal Bank

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