Habib Bank LimitedPSX: HBL

Announcement of Financial Results for the Third Quarter Ended September 30, 2025

Oct 23, 2025 at 8:01 AM UTC · Issued by Habib Bank Limited

The General I Manager

Pakistan Stock Exchange Limited, Stock Exchange Building,

Stock Exchange Road, Karachi

October 23, 2025 Dear Sir,

Subject: Announcement of Financial Results for the Third Ouarter Ended September 30, 2025

We hereby inform you that the Board of Directors of Habib Bank Limited in their meeting held at 1 0:00 A.M. on October 23, 2025 at HBL Corporate Office Karachi, recommended the following:

CASH DIVIDEND
An Interim Cash Dividend for the third quarter ended September 30, 2025, at Rs. 5.0/- per share i.e., 50.00%. This is in addition to the interim Cash Dividend already paid at Rs. 9.00/- per share i.e., 90.00%.
BONUS SHARES
NIL
RIGHT SHARES NIL
AND / OR
AND / OR
AND / OR
ANY OTHER ENTITLED IENT / CORPORATE ACTION NIL
AND / OR
ANY OTHER PRICE-SENSITIVE INFORI IATION NIL
The consolidated and unconsolidated Statement of Financial Position, Statement of Profit & Loss, Statement of Changes in Equity, and Cash Flow Statement are attached as under:
- Annexure A (Consolidated Financial Results)
- Annexure B (Unconsolidated Financial Results)

@ 111-111-425 https://www.hbl.com HBL Mobile K nn

BOOK CLOSURE DATES

The Share Transfer Books of the Bank will be closed from November 4, Z025 to November 5, 2025. Transfers received at the office of the Bank's Share Registrar, Messers 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 November 3, 2025, will be treated as being in time for the purpose of the above entitlement to the transferees.

The Quarterly Report of the Bank for the period ended September 30, 2025, will be transmitted through PUCARS separately, within the specified time.

Yours faithfully,

Uzman Naveed Chaudhary

Company Secretary & Head Regulatory Affairs

1. Executive Director/HOD, Offsite-II Department, Supervision Division, Securities & Exchange Commission of Pakistan, 63, NIC Building, jinnah Avenue, Blue Area, Islamabad.

Condensed Interim Consolidated Statement of Financial Position

ASSETS
Cash and balances with treasury banks	5	502,834,395	460,194,916
Balances with other banks	6	54,590,742	51,324,612
Lendings to financial institutions	7	135,654,931	84,293,922
Investments	8	4,021,327,701	2,528,200,439
Advances	9	1,974,208,217	2,435,434,872
Property and equipment	10	140,881,657	130,825,175
Right-of-use assets	11	27,349,160	27,408,020
Intangible assets	12	28,880,500	24,848,435
Deferred tax assets
Other assets	13	357,675,813	312,582,486
		7,243,403,116	6,055,112,877
LIABILITIES
Bills payable	14	58,478,764	96,104,151
Borrowings	15	1,271,717,358	826,883,400
Deposits and other accounts	16	5,083,655,977	4,370,370,642
Lease liabilities	17	36,252,724	35,869,231
Subordinated debt	18	20,374,000	20,374,000
Deferred tax liabilities	19	22,329,058	7,995,007
Other liabilities	20	286,519,516	286,718,352
		6,779,327,397	5,644,314,783
NET ASSETS		464,075,719	410,798,094
REPRESENTED BY
Shareholders' equity
Share capital		14,668,525	14,668,525
Reserves		105,194,882	98,302,935
Surplus on revaluation of assets - net of tax	21	75,214,804	57,370,781
Unappropriated profit		267,310,527	238,813,471
Total equity attributable to the equity holders
of the Bank		462,388,738	409,155,712
Non-controlling interest		1,686,981	1,642,382

As at September 30, 2025

CONTINGENCIES AND COMMITMENTS

Note

(Unaudited) September 30,	(Audited) December 31,
2025	2024
-----(Rupees in '000)--------

464, 075,719 410,798,094

The annexed notes 1 to 41 form an integral part these condensed interim consolidated financial statements.

President and

Chief Executive Officer

inancial Officer

U2NAN NAVEED ChAUDHARY

Company Secretary Habib Bank Limlted HBL Corporate Office

F"14, Block-5, Clifton, Karachi

Director Director '

' 1

34,253,423	36,578,176	11,920,984	12,418,458
2,914,350	2,707,304	1,150,387	1,281,086
4,879,139	3,859,798	1,530,646	1,423,046
6,773,407	5,577,357	2,667,005	(583,158)
1,978,242	4,947,966	1,027,726	1,479,890
14,049,921	6,565,936	4,607,149	4,989,325
2,686,880	469,136	358,134	170,859

Condensed Interim Consolidated Statement of Profit and Loss Account (Unaudited)

For the nine months ended September 30, 2025

January 01 to Note September 30,			January 01 to September 30,	July 01 to September 30,	July 01 to September 30,
2025			2024 2025 (Rupees in '000)		2024
Mark-up / return / profit / interest earned	24	503,403,470	627,335,410	179,851,687	218,613,371
Mark-up / return / profit / interest expensed	25	296,075,925	440,160,149	110,167,162	154,172,294
Net mark-up / return / profit / interest income		207,327,545	187,175,261	69,684,525	64,441,077
Non mark-up / interest income
Fee and commission income "	26
Dividend income
Share of profit of associates
Foreign exchange income / (losr)
Income from derivatives
Gain on securities - net	27
Other income	28
Total non mark-up / interest income		67,535,362	60,705,673	23,262,031	21,179,506
Total income		274,862,907	247,880,934	92,946,556	85,620,58 3

152,655,918	140,855,255	52,273,672	47,881,653
2,125,541	1,766,365	681,315	564,737
12,426	350,644	471	191,807

Non mark-up / interest expenses

Operating expenses	29
Workers' Welfare Fund
Other charges	30
Total non mark-up / interest expenses		154,893,885	142,972,264	52,955,458		48,658,197
Profit before credit loss allowance and taxation	1 19,969, 022		104,908,670		39,991, 098		36,962,386
Credit loss aJlowance and write offs - net 31	7,812,913		19,031,536		3,182,214		8,933,344
Profit before taxation	112,156,109		85, 677,134		36,808,884		28,029, 042
Taxation 32	60,776, 019		42,622, 238		19,876,795		3,831,193
Profit after taxation	51,380, 090		43,254,896		16,932, 089		14,197,849
Attributable to:
Equity holders of the Bank	51,293,098		44,044,843		16,906,282		14,450,194
Non-controlling interest	86,992		(789,947)		25,807		(252,345)
	51,380,090		43,254,896		16,932,089		14,197,849
------------------------•-------------••--Rupees-----•----------------• •
Basic and diluted earnings per share	33	34. 97	30.03	11.53		9.85

The annexed notes 1 to 41 form an integral part of these condensed interim consolidated financial statements.

President and

Chief Executive Officer

Chief Financial O r Director

UZNAN NAVE£D CHAUDfIARY

Habib Bank Limited HBL Corporate Office

F-14, Block-5, Clifton, Karachi

Director

Condensed Interim Consolidated Statement of Changes In Equity (Unaudited) For the nine months ended September 30, 2025

"''"'* en° '°'h"apd;f'1ao*'a' "te0

The annexed notes 1 to 41 horny an Jnlegrai part of these condensed inferim con 'dated fin cial statements.

ZNAR NAYE€D CHAUDHARY

Llmlte4'"'"'

HgL CorpogoM ONice

F-14 Block-5, Clifton, Karachl

Con densed Internm Co noa li dated Cas h FI aw S tatem em (Un audited)

ro r the nin e months ended 5eptem ber 30, 2025

(2,914,350	(2,707, 304
(4,879,139	(3,859,798
	3,234,1 46

CASH FLOWS FROM OPERATING ACTIVIT iEs

January OF to January 01 to September 30, September 30,

2025 2024

(Rupees in '000)

Profit before taxation

Dividend income

Share of profit of associates

Mark-up / return / profit / inlerest expensed on subordinated debt

112,156, 109

85,877, 1 34

(5, 882, 836)

(3,332,956)

1 06,273,273

82,544, 178

Adjustments:

Depreciation

B, md0, 7 J 1

8, 073, 306

Amortisation

2, 110,795

2, 038, 826

Depreciation on right-of-use assets

3,550,982

3, 380, 1 34

Mark-up / return / profit / interest expensed on lease liabilify against right-of-use assets

2,905, 202

2, 626, 452

Reversal of credit loss allowance against investments

(599,611

(1, 090,31 2

Credit loss allowance against loans and advances

9,797,341

17,389,317

Credit loss allowance against other assets

366, 926

34 4, 847

(Reversal) / charge of credit loss allowance against off-balance sheet obligations

(704, 054)

2,553,118

Unrealised loss / (gain) on securities designated at fair value through profit and loss (FVTP L)

256,158

(2,604, 456

Exchange (gain) / loss on goodwiI)

(352,929

166,919

Exchange gain realised on closure of the Bank's branch

(1,94 0,16 0

Loss / (gain) on sale of property and equipment - net

19 933

(32, 040

Workers' Welfare Fund

2,125,541

1,766,365

26,524,855

34,612, 476

132,798,128

117,156, 654

(Increase) / decrease in operating assets

Lendings to financial institutions

(5 1,361, 009)

47,206, 349

Net investment in FVTP L securilies

(72,71 0,061)

65,843, 672

Advances

4 51,429,34 4

(30, 903,597)

Other assets (excluding advance taxation)

(34, 087,2304

(45.101,849)

293,271, 014

37,046,575

Increase / (decrease) in operating liabilities

Bills payable

BorroWngs from financia} institutions

(37,626, 367)

444,633,958

(3, 860, 929

(125, 084,546

Deposits and other accounts

713, 285,335

666,999, 678

Other liabilities

6,166,376

77,474,468

1,138 660, 282

616,038, B7 1

1,564, 729, 424

770,242,10 0

Income tax paid

(76,566, 092)

(58,359,343)

Net c ash flaws g enerated from operating activ ities

1,488,163,332

71 1,882,757

CASH FLOWS FROM INVESTING ACTIVITIES

Net inres tmenI in FVOCT securities

Net investmenI in securities carried at Am ortised Cosl

Net investm em in associates

Dividend received

Investm ents in property and equipm ent

Investm ents in infangible assets

Proceeds from sale of property and equipment

Effect of translation of net investmenI in foreign branches, subsidiaries and associates - net of tax

Net c as h flows used in inv esting activities

(1,#15,371,56 9)

(667,657,903)

CASH FLOWS FROM FINANCING ACTIVITIES

Proceeds from issuance of subordinated debt

6/ 6,0 00

Payment of mark-up on subordinated debt

(1,920,380

(3,256,522)

Payment of lease liability against right-of-use assets

(5,659,854

(3,141,378]

Dividend paid

(19,305,920)

(19,390,196)

Net cash flows used in financing activities

(26,886,154)

(25,113, 096)

Increase in cash and cash equivalents during the period

45,905, 609

19,1 1 1,7S 8

Cash and cash equivalents at the beginning Of the period

5 4 5 509

621 6 036

Effect of exchange rate changes on cash and cash equivalents

4 9

17 633 90

51 1,519,528

604,132, 129

Cash and cash equivalents at the end of the period

557,425, 137

623,243, 887

The annexed notes to 41 form an intearal oart of these condensed interim consolidated financial statem enls

President and

Chief Executiv e Officer

Chief Financial0 I CAN NAYEED CPAtfOfiAky

(1, 328, 981, 77 4/		(636, 0 4 3, 540}
(64,396, Z98)		(1 1, 465,609)
(3,802, 282)		(1,903, 0 S 9)
2,885,071		2, 631,790
(1 8, 434, 707)		(19,551,522)
(5,582, 600)		(2,379, 072)
66,# 97		84,384
2,876,524		958,725

Company Secretary Habib Bank Limited HBL Corporate Omce

F-14, 8IocA•5, Cffftnn, aaracnl

Director

Condensed Interim Unconsolidated Statement Of Financial Position As at September 30, 2025

(Unaudited) (Audited) Note September 30, December 31,

2025 2024

ASSETS		- (Rupees	in '000) ---------
Cash and balances with treasury banks	5	478,824,465	421,135,641
Balances with other banks	6	40,137,862	42,050,611
Lendings to financial institutions	7	130,353,241	84,293,922
Investments	8	3,908,386,251	2,398,928,165
Advances	9	1,758,667,144	2,254,964,431
Property and equipment	10	130,541,733	126,902,235
Right-of-use assets	11	23,740,558	23,402,937
Intangible assets	12	20,396,729	17,022,673
Deferred tax assets	19		3,213,765
Other assets	13	336,372,391	287,889,450
		6,827,420,374	5,659,803,830
LIABILITIES
Bills payable	14	57,993,367	94,853,624
Borrowings	15	1,237,245,835	787,746,499
Deposits and other accounts	16	4,791,706,288	4,091,168,379
Lease liabilities	17	32,081,966	30,788,980
Subordinated debt	18	18,874,000	18,874,000
Deferred tax liabilities	19	6,894,046
Other liabilities	20	259,490,851	258,587,052
		6,404,286,353	5,282,018,534
NET ASSETS		423,134,021	377,785,296
REPRESENTED BY
Shareholders' equity
Share capital		14,668,525	14,668,525
Reserves		86,992,673	82,636,883
Surplus on revaluation of assets - net of tax	21	73,062,787	57,488,888
Unappropriated profit		248,410,036	222,991,000
		423,134,021	377,785,296
CONTINGENCIES AND COMMITMENTS	22

The annexed notes 1 to 41 form an integral part of these condensed interim unconsolidated financial statements.

President and

Chief Executive Officer

Chief Financial er Director

UINAN 1AYEE0 CHAUDIJARY

C•myany Secretary Habib kank Limited HBL Corporate Office

F-14, Block-5, Clifton, Karachi

Director

zz,7«, og	31,988,252	10,031,122	10,719,292
4,565,123	4,232,600	1,217,978	1,350,318
6,702,659	5,090,464	2,379,613	(323,775)
1,97B,242	4,947,966	1,027,726	1,479,890
13,987,409	6,439,110	4,659,545	4,868,915
2,4B9,745	511,006	167,418	159,614

Condensed Interim Unconsolidated Statement of Profit And Loss Account (Unaudited) For the nine months ended September 30, 2025

Note		January 0fi to September 80,	January 04 to September 30,	uuly 04 to September 30,	uuid 01 to September 30,
		2025	2024	2025	2024
-•-----------------•-•-••-•-- (Rupees in '000) •
Mark-up / return / profit / interest earned	24	468,273,076	594,296,194	167,695,843	208,49B,93O
Mark-up / return / profit / interest expensed	25	280,412,300	419,162,015	104,840,793	147,460,493
Net mark-up / return / profit / interest income		187,860,776	175,134,179	62,855, 050	61,038,437
Non mark-up / interest income
Fee and commission income	2s
Dividend income
Foreign exchange income / (loss)
Income from derivatives
Gain on securities - net	27
Other income	28
Total non mark-up / in terest income		57,437,087	53,209,398	19,483,402	1 B,254,254
Total income		245,297,B63	228,343,577	82,338,452	79,292, 691
Non mark-up / interest expenses
Operating expenses Workers' Welfare Fund	29
Other charges	30
Total non mark-up / interest expenses		136,176,998	127,924,654	46,465,B7B	43,423,488
Profit before credit loss allowance and taxation		109,120,865	100,418,923	35,872,574	35,869,203
Oredit Toss allowance and write offs - net	31	4,078, 174	13,747, 391	1,466,512	7,144,476
Profit before taxation		105,042,691	86,671,532	34,406,062	28,724,727
Taxation	32	57,655,191	43,281,595	18,437,103	13,985,335
Profit after tazation		47,387,500	43,389,937	15,968,959	1 4.739,392

133,962,088	125,840,819	45,788,376	4Z,657,471
2,102,484	1,733,191	677,031
			574,210
112,426	350,644	471	191,807

---•••------------------------(Rupees)-------•-•-------------------

Basic and diluted earnings per share

33 32.31 29 58

10.89

10.05

The annexed notes 1 to 41 form an integral part of these condensed interim unconsolidated financial statements

President and

Chief Executive Officer

Chief Financial Officer Director

C•zmny‹annyxSsevc‹rzeoearcy8tvD«xxx

Habib Bank Llmlted

HBL Corporate Office

F-14, Block-5, Clifton, Karachi

Director

DirectOt

Condensed Interim Unc onsolidated Statement Of Changes In E qu‹ty (Unaudited)

For the nine months ended September 30, 2025

revatuatton aT

Assots

2,31 0, 22

30 92 467

2,310, 422

3o 92d.467

Comprehensive insome la r the nine monU s ended Septernbei 3g. 20d j PKohl ahef lax ation faI INa nTne months ended Sep ternb ar 30, 8024

k4onemenI in surplus 7 deItsit on rev eiualion af debl inv cs tmams neI of law

Tel Yeahsed gam on sguuy inv eslmeets dasignaled al FLOCI- neI ol to

Final casfi hr‹id=.nd Ra 4 00

°.r share deulared s•bse

uem to the year ended Dccemb et 31, 2023

st inier‹m cash dividsnd Rs 4 00 per sCare

29,730

t225 276

29,73 0

C ampi ehenrive income for the three months enbed Decembe r 31, kgz•

C Other compiehensive insome T (1oss)

Balance as al December g1, 202+ - as yeportod

Chango in acoounlip policy as at Januan/ 01, 2025 nola 3 3

Rrolii acer wattsn !or the n1us monk s orids d September 30, 2025 0Set Comp ieh•ns1v• incom•

NeI ieahsed gam on sml» of c goity in'/es tmenis • net of lv -

4,338,99 4

4 ,738,750

(2,»60,531)

(5,551,742) -

33,23",889

43,389,93/ 74, 06d,295

2m,09

Efanele tied horn surglus on rev aluation at' assel-s

nsl aI to

(931,277) .

Final cash drvidend Rs 4.25 per shaha declared subsequ enl

The annexed notes 1 to 41 form an integra] part of these condensed interim unconsolidaled financial statemen ts.

President and

Chief Executive Officer

Ohief Financial Offi Director

NAVEED

@Company Secretary Hablb Bank Limited HBL Corporate Office

F-14, Block-5, Clifton, Karachi

Director

Condensed Interim Unconsolidated Cash Flow Statement (Unaudited) For the nine months ended September 30, 2025

CASH FLOWS FROM OPERATING ACTIVITiE s

J anuary 01 to Jan uary 01 to September 30, September 30,

2025 2024

-----------(R upees in '000)-----------

Profit before taxation

8, ?5Z, 350	7,518,831
1,931,932	1,921,368
2,861,631	2,849,531
2,515,145	2,328,345
(658,63 )	(987,219)
4,826,463	12,002, 079
350,604	343,210
87,029	2,553,118
342,190	(2,500,772)
(1,940,160
33,378	(27,746)
2, 102. 484	1,733,191

(46, 059, J19

(97,843,459

4Y,208,344

62,333,897

493,416,653

(39,876,710

(40,550,27 9

(58,945,952

(36,8L'0,257	(3,264,033
449,499,336	(130,258,895
700,537,909	661,456,175
16,681,936	48.942.163

Dividend income

105, 042,691

(4,565, 23)

86,671,532

(4,232,600)

Mark-up I return I profit I interest expensed or subordinated debt

1,9'I0.b53

3,234,146

102,388,221

85,673,078

Adjustments:

Depreciation

Amortisation

Depreciation on righI-of-use assets

Mark-up / return / profit / inierest exp ensed on lease liability against rig ht-of-use assets

Reversal of credit loss allowance ag ainst investments

Credit lass allowance against Io ans and advances

Credit Ioss allowance againsI other assets

Credit loss allowance against off-balance shee! obligations

Unrealised loss / (gain) on fair value through pro fil and Io ss (FVTPL) securities

Gain realised on closure of the Bank's branch

(Gain ) / loss on sale of property and equipment - nel

Workers' Wellare Fund

20.805, 612

27,733.936

123,193,8 33

113,407,0 14

(Increase) / decrease in operating assets

Lendings to financial institutions

Net investment in FVTPL securities

Advances

Other assets (excluding advance taxation)

308,963,596

10,719,576

Increase / (decrease) in operating liabilities

Bills payable

Borrowings from financial institutions

Deposits and other accounts

Other liabilities

1,129,858,924

576.875,410

1,562,016,353

701,002,000

income tax paid

(73,863,305)

(56.616.630)

Net cash flows generated from operating activities

1,488,153,048

644,385,370

CASH FLOWS FROM INVESTING ACTIVITIES

Net investment in FVOCI securities

Net investment in securities carried at Amortised Cost

Net investment in subsidiaries

Net investment in associates

Dividend received

Investments in property and equipment

Investments in intangible assets

Proceeds from sale of property and equipment

Effecl of translation of net investment in foreign branches - net of tax

Net cash flows used in investing activities

(1,407,399,204)

(605,069,221)

CASH FLOWS FROM FINANCING AC TIV TIES

PaymenI of mark-up on subordinated debl

Payment of lease liability against righl-of-use assets

Oividend paid

Net cash l'Iows used in fin anc ing activities

(24,977,769)

(20,402,883)

Increase in cash and cas h equivalents during the period

55,776, 075

18,913,26 6

Cash and cash equivalents at the beginning of the period

4 5 385 544

6 31 89

Effect of exchange rate changes on cash and cash equivalents

2 99 292

19 23 40

463,186,252

548,194, 083

Cash and cash equivalents at the end of the period

518.962,327

567,107,349

(1,324,503,221)	(565,107,576
(66,120,716)	(12,796,316)
(4,933,019	(7,875,572
9,195	4,366
4,535,844	4,157,086
(11,869,849	(18,689,237
(5,108,300	(2,275,244
42,545	73,803
548,317	(2,560,531

(1,920,116	(3,362,251
(3,751,733	(3,517,846)
(19,305,920	(13,522,786

The annexed notes 1 to 41 form an integral part of these condensed interim unconsolidated financial statements

President and

Chief Executive Officer

ChiefFinancial yn‹x xaVEEBEeaer g§y Director

Company Secretary Habib Bank Limited HBL Corporate Office

F-14, Block-5, Clifton, Karach I