Ref: JSBL/CSD/2024/08-06
Dated: August 22, 2025
,z•JS BANK
JS Bank Limited
Shaheen Commercial Corhplex,
Dr. Ziauddin Ahmed Road,
P.O. Box 4847,
Karachi-74200, Pakistan
UAN: . +92 21 111 654.321
Phone: +92 21 3261 0928
+92 21 3890 7700
FEAR +92 21 3263 1803
Website: https://www.jsbI.com
The General Manager
Pakistan Stock Exchange Limited St‹xk Exchange Building
Stock Exchange Road Karachi.
SUBJECT: FINANCIAL RESULTS FORTHE HALF YEARENDED {UNE 30,2025
Dear Sir,
We have to inform you that the Board of Directors of JS Bank Limited (the 'Bank') in their meeting held on
£riday August 22, 2025, at 10:00 a.m. at the 20'• Floor, The Centre, Abdullah Haroon Road, Sad dar, Karachi have approved the Financial Statements for the serond quarter ended June 30, 2025.
The Financial results of the Bank for the quarter ended June 30, 2026 are enclosed as: Annexriie-A (Unconsolidated)
Standalone Statements of financial Position
Standalone Profit and Loss Account
Standalone Statement of Changes in Equity
Standalone Cash Flow Satement
Annexure-B (Consolidated)
I: Consolidated Statement of Financial Position
Consolidated Profit and Loss Account
Consolidated Statement of Changes in Equity
Consolidated Cash Flow Statement
The quarterly report of the Bank for the period ended June 30, 2025 will be transmitted through PUCARS separately, within the specified time.
Thanking you, Youts truly,
For the on hal JS Bank L' it
Syed Talib Raza
Com ny retary ‹k Head o/ Legal
c1: As above
Executive Directorft-loD Offsite-11 Deyarliiieiit Siipertiision Division
Srciiritirs fr fxcliniige Cmuniissioii o/ Pnkistiw 63, NIC Building |innnli Atxmiu•, Blue Area, fsfninnt'od.
r
JS BANK MM1TED
UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION AS AT JUNE 30, 2025
ASSETS
Caah and balancts with Treasury banks balances wnh other banks
Lendings to financial institutions Investments
Advances
Property and equipment Right-of-use assets
. Intangible assets
Deferred tax assets Other asaets
Total Assets
LIABILITIES
Bills payable Borrowinge
Deposits and other accounts
Lease Ilabilities Subordinated debt Deferred tax liabilities Other liabilities
Total Liabilities NET ASSETS
REPRESENTED BY
Share capital Reserves
° Surplus on revaluation of assets Unappropriated profit
(Un-audited) (Audited)
June 30, December 31,
2026 2024
Note ----•-•--- Rupees in '000 --------
43,755.297 | 43.058,132 |
2,213,026 | 3,617,293 |
279,962 | 1,999,730 |
367,947,973 | 302,436,602 |
205,079,768 | 225.531,300 |
12,390,171 | 12,086.893 |
2,693,093 | 2,610,093 |
7.t93.647 | 6,806,276 |
36,944,316 | 37,960,949 |
6
7
8
9
10
11
12
13
14
678,497,253 636,107,268
8.177,8S3 | 8,125,841 |
28,480,771 | 28,698,SOS |
565,737,392 | 525,134,376 |
2,856,004 | 2.788,429 |
8,494,867 | 8,495,833 |
208,375 | 671,13B |
19,042,647 | 18,486,512 |
15
16
17
18
19
20
21
632,998,209 592,400.634
20,506,62S 20,506,625
7,463,136 7.113,683
22 3,189,667 3,377,860
14,339,616 12,708,466
64 370
CONTINGENCIES AND COMMITMEttTS 23The annexed notes 1 to 42 form an integral oart of these unconsolidated condensed interim financial statements
° President and
Chief Executive Officer
Chief Financial Officer
Director
JS BANK LIMITEO
UNCONSOLTDATED CONDENSED INTENT STATEMENT OF PROFIT AND LO09 ACCOUNT (UN•AUDfTED) FOR THE HALF YEAR ENDED JUNE 30. z026
Note
Quarter Ended Half Year End•d (Restated) (Restated)
June TO, June 30, June 30, June 30.
2036 202• fi28 2024
17,gg2,666 fi ,02fi,541 39,2fig.142 53,g27,200
11,697t04T TO 48g,600 2¥,472 46fi 38,602,171
6.3g5,608 8,J28,741 14,e28,07T 13,225,028
NON M@KWP / IN' EREST INcOME
Gain frem derlvetive4 Gein on eacurltie4 • net
NON MARK•UP / INTEREST EXPENSES
zzeza
4#4.043
3z.sso
931,56fi
t,1se,ass
1.1d4,066
e4s,zs3
2,10c,662
10.7ñ6,46r e.•+47,e?0 21,386.630 19,363, 61*
Operating expeneea Workers' welfare fund Other chargee
TataI non mar¥•up / Interest e¥pensea
PROFIT BEFORE TAXATION
Taxation
PROFIT AFTER TAXATION
J2
t,T 0, â80 8,eB3, 477 4e,60$.392 43,020,992
780,674 1,70S.001 3,@6.390 5,M7,091
35 osi
The ennexed notes 1 to 42 fonn an lmegml p•n of inece u iida ed condensed Interim financial statements.
Preeldcm and
Chof E*ccwtT O44cer Officer
Director
uucousouo^zeo co•oo•sso iuzzaiu stczeuEw or cmoEe iH Eouizv roRTuE nxLr xexn zuoEo cue ss, zczs
President and
DTractorJ9 BANK LIMITED
UNCONSOLIDATED CONDENSEO INTERIM CASH FLOW STATEMENT tUN-AUDITED) FOR THE CALF FEAR ENOEO JUNE 30, 2028
CASkl FLOWS FROM OPERATING ACTIVITIM
(Restated)
June 30. June 30,
2025 2024
Note -•------ Rupees in '000 ------
Profil before taxation Lees: Dividend income
Ad uatments:
3,488.390
¥,330,031
5,447,091
4,497,398
Net mark-up / interest Income Depreciation on property and equipment
30
Depreciation on non-banking assets
30
Qeprecietion on right-of-use assets
30
Amortiseliop
30
Finance charges on leaeed essets
26
Charge for defined benefit p!en
Unrealised loss on revaluation of investments measured at FVPL - net
28
Credil loss allowance / provisions and write offs - net
Provision for worhen' welfare fund
31
Gain on eale of property and equipment - net
29
Gain on sale of npn-banking asset - net
29
Gain on termination of leaset - net
29
!14,021,963)
{13,401,642)
736.28e
640,129
2g,1$g
17,587
785,0Z7
637,623
226.5g9
169,683
19$,286
176,613
ea.lot
zs,ozs
{604,5y6)
(140,110)
3.181.OU
890.380
64,7s8
108,667
C0,2x7
16,335)
Decreg8e / {Increase} In operating assets Lendings to financial institutions Secuñlies measured at FVPL
Advencea
Others Assets (excluding advance Taxation)
Increase In operating liabllltlee
Bills payable Borrowings
Deposits end other accounts
O‹c‹ liabilities (exuudtng cu sent taxation)
Maffimp / return / Interest received Mark-up / relum / interest pald Income tex paid
Net cash flows generated from operating activities
case mowa rRou invEsTixc acriviTiEs
Net investments in securitIe# measured at FVOCI
Net investments m securities measured •i amortised cosl Dividend received
Inve#Imente In property and equipment
Proceeds from sale of property and equipment
Effecl Of translation of net investment in forelgn branch
Net caeh for's ueed in Investing artlvltlea
c4sn rLows rRots riuAucms ActivrrlEs
Payments of lease obligations against right-of-use assels Repayment of subordinated debl
Net cash flows uaad In financing activities
Increase In cash and caeh equivalents
Cash end cash equivalents at beginning of the period
Effect qf exchange rate changes on ceeh end cash equh/alants
Each aad cash equivalents at ena of the perioa
I 720,000
t4,978,500)
3.570.209
(34,411,366)
23.233,718
9,312,486
fi S3T,133
(8726,895
21,g86.794 (38,804,275)
52,112
1,946.925
(g,745}
16,994,t75
40,603,016
71,579,4Z0
£ 893,238
3109 516
43 536,622 95,630,036
8g,559.615 50,487,511
41.410,682 54,725,279
}27,760.003} t38,833,849)
{3,008,524T (2,801 481}
69.201.770 63,577,460
(145,88b,268)
(12,820,869)
77,058,331
(42,528,644)
1,t68,358
949,693
‹t,074,499}
(673,265)
(613,4€0)
(1,046,970)
18,070
44,595
38 130
{20,926/
168,741,822) (56,098,426)
{9$9,4O2}
(740.718)
(960,3681 (741,685}
46.498,162 43,966,739
(1g6,881) 108,373 .
46,30',281 44,073,112
36 TO 50,810,461
The annexed notes 1 to 42 fom an inlegral part of th e unconsolidated condensed interim financial stalements.
Cblvf ancla Otficer
JS BANK LIMITED
CONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION
AS AT JUNE 30, 2025
(Un-audited) (Audited) June 30, December 31,2025 2024
Note ---------- Rupees in '000 --- ----
89,9e1,480
84,152,368
4,192,316
5,075,835
9,831,303
4,257,928
740,844,399
629,466,174
447,968,691
521,259,747
35,707,149
28,175,404
7,103,766
7,078,577
12,502,374
1,442,983
12,259.952
67,031,825
67,317,143
ASSETS
Cash and balances with treasury banks 6
Balances with other banks 7
Lendings to financial institutions 8
Investments 9
Advances 10
Property and equipment 11
Right-of-use assets 12
Intangible assets 13
Deferred tax assets 14
Total AseeB
LIABILITIES
1,416,606,336 1,359,043,128
Bills payable
16
Borrowings
17
'
Deposits and other accounts
18
Lease liabilities
19
Subordinated debt
20
Defemed tax liabilities
14
,
Other liabilities
21
Total Liabilities
1,337,459,316 1,282,246,574
NET ASSETS
79.147.020 76,796,554
REPRESENTED BY
Other assets 15
Share capital
Reserves
Surplus on revaluation of assets
14,220,206
21,899,370
61,402,789
114,360,666
1,195,040,546
1,081,826.269
8,540,435
7,845.190
11,491,627
11,492,708
2,452,165
d6,713,663
42,370,206
20,506,625
10,630,075
22 5,750,362
20,506,625
9,618,250
8,134,496
Unappropriated profit
29,652,553 26,121,333
66,539,615
64,380,704
Non-controlling interest
' CONTINGENCIES AND COMMITMENTS
12,607,405 12,415,850
79,147,020 76,796,554
23
The annexed notes from 1 to 42 form an integral part of these consolidated condensed interim financial statements.
President and
Chief Financial
Director
Director
Director
Chief Executive Officer
Officer
"
•
J9 BANK LIMITED
CONSOLIDATED CONDENSED INTERIM STATEMENT OF PROFIT AND LOSS ACCOUNT (UN•AUDITED) FOR THE HALL YMR EHDED JUNE 30, 2026
Quarter Ended H•If Year Ended
(Restated) (Restatadj
June 30, June 30, June 30, June 30,
Note
''' 2'
Rupeesin '000 '*
2024
4arit-up f return / interest / profrt earned Marh-up return / lnlnreat f profit expensed t4•t murk•up / Internet Income
NON BARK IP / INTEREST INCOME
Fee, commission and brokerage iname Divkfend ina e
Foreign exchange income Income horn ehanah compliant
allemaive of forward foreign exchange contracts
(Loes) / mcome from derivatives
Gain on mñtiee - net
Net gein / (loee) on de nition of financial
aseeB measured at amorgsed cost Share of profit / (loss) from associates Other income
rotsl non mark•up / Int•raat incoma
Total lnconn
. HoH uxnx.us/ ifizeResT exeeuses
Operating expenses Workers' wegare fund Other charges
25 37.211,970 55,997,280 76,269,404 112,145,169
26 21,462,360 37,817,471 45,622,364 76,763,998
15,72g,590 18,179,809 32,447,040 35,381,171
3,058.238
2,033,873
6,664,416
4,117,728
142,266
131,407
339,963
289,077
491.357
1.938,800
1,390,874
3,602,087
287.545
(445,863)
267,695
(445,883)
(29.660)
(300,634)
{30,702)
(1,364)
2,d60.467
560,704
4,628,549
1,214,530
21,d00
(9,818)
111,4S5
(26,823)
26,142
73,780
141,974
130,978
27
28
29
6,177,850 3,982,229 12,505,463 8.880,330
22,g07,M0 22,162,038 W,052,¥03 44,261,501
15,516.854
12,308.655
30,163.072
23.824,352
91,150
183.926
264,$92
398,714
160,ddfi
15,703
294,142
16,156
30
31
32Total non-mark•up / interest expencee
16,780,445
12,618.284
30.T42,106
24.239.222
6,418,995
9,643,754
14,210,397
20,022,279
credit loss allowance and write offs - net Extra ordinary / unusual items
33
14IJJI6
247.566
2.276,46g
1,265,879
PROFIT BEFORE TAXATION
+,445,219
9,396,188
11.933,926
18,756,400
Taxation
2,222,666
3,006,325
6.610,420
9.052,924
PROFIT AFTER TAXATION
2
5 489 863
5.323,606
9 703 476
Equity holders of the Bank
1,649,570
4,515,738
4.073d66
7,921.614
Non•controlling interest
672,993
974,125
1,250,042
1,781,862
2,222.583 8 3 23 9703476
0.61
2.20
3.86
Earnings p•r eh¥za • ba•ic •nd dTIutsd 35
The annexed notes from 1 to 42 fern an integral of these consolidated condensed interim financial statements.
Pmeldent and
Chief Executive Officer
Chl I anclal
c•r
Director Director
Director .
JS BANK LIMITED
CONSOLTDATgD CONDENSED INTERIM CASH FLOW STATEMENT (UN-AUDITED)
FOR THE HALF YEAR ENDED JUNE 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES
Profit before taxation
" Less:
Dividend income
Share of (profit) / loss from associates
Adjustments:
Net mark-up / interest ncome Depreciation on propeny and equipment Depreciation on non-banking assets Depreciation on right-of-use assets Amortisation
Finance cherges on leased assets
Charge for defined benefit plan
Unrealised gain on revaluation gf investments measured at FVPL - net
Credil loss allowance / provisions and write offs - net Provision for workers' welfare fund
Gain on sale of property and equipment - net Gain on sale of non-banking assets
Gain on termination of leases - net
Gain on termination of Islamic financing
Decrease in operating aaeetz Lendings to financial institutions Securities measured at FVPL Advances
Other assets (excluding advance taxation and markup receivable)
Tncreaae In ogeratlng llabili0ea Bills payable
Borrowings
Deposits and other accounts
Other liabilities (excluding current taxation and markup payable)
Mark-up / return / interest received lVIark-up / return / interest paid Income tax paid
Net caeh flows generated from operating actlvlfiee CASH FLOWS FROM INVESTING ACTIVITIES
Net investments in securities measured at FVOCI
Net investments in securities measured at amortised cost Net investments in associates
Dividend received
Investments in property and equipment
Investments in intangible assets
Proceeds from sale of property ano equipment
Elect of translation of net investment in foreign branch Net caeh Aowa used In Investlne activities .
CASH FLOWS FROM FINANCING ACTIVITIES
Payments of leased obligations against right-of-use assets Repayment of subordinated debt
Issuance of subordinated debt Dividend paid to NCI
Net cash fiowe used in financing activities
Increase in caeh and cash equivalents
Cash and cash equivalents at beginning of the period
Effect of exchange rate changes on cash and cash equivalents
11,933,928 18,756,400
(339,9G3) (289,077)
11,481,970 18,494,146
{33,128,262
1,759,022
21,331
1,G52,664
469,t06
681,222
795,210
}628,09 ']
2.276.469
26a,892 (25,713]
(20,096 (15,34$] (36,G53
(35,929,896)
1,483,928
18,876
1,326,400
299,186
548,725
209,282
(271,326)
1,265,879
398,714
{22, t66)
(3,31 g)
(57 121
30
30
30
30
26
28
33
31
29
29
28
{25 935,050} (30.732 835)
(1a.453,080) (12,238,689)
(5,571,608 | 3,857,741 |
2.657,523 | (35,190,458) |
82.446,061 | 43,414,076 |
(16 043 08 | (9 370 061) |
63.488.868 2,712,198
{7.679,114 | 557,040 |
(S2,237,144 | (12.519,921) |
113,214,277 | 98,790,869 |
7 335 983 | 1 163 601 |
60 634 002 86 011 589
109,G69,?'90 78,485,098
84,345,580 116,329,024
(49,687,143) (75,300,316)
(9,405,074) (8,85Z 131)
134,723,1$3 110,661,675
{195,96't.490} | (44,928, 022 |
77.058.331 | (42,528,644) |
670.021 | |
339,963 | 291,447 |
{9,308,027) | (3,152,960 |
(713,317] | (1,$31,127 |
4d,762 | 60,498 |
38,130 | f20 926 |
(127.831,627) (01,809,734)
(930,610] | (1,749,217) | |
{1,081] | (967) | |
- | 148,694 | |
(34é@64] | (275 891) |
(1,27G,555) (1,876,381)
5,614,971 16,975,560
88,¥66.578 86,828,758
{196,8811 106 373
88,269,697 86,935,131
Cash and cash equivalents at end of the geriod 36 93,884,668 103,910,69G " The annexed notes from 1 to 42 form an ‹ntegral part of these consolidated condensed interim financial statements.
President and Chief E¥ecutive Officer
Chief Finan a
Officer
DIrector Director