Financial Results for the Quarter ended 30 June 2026

UBL/BOD-262/PSX/Results/26

The General Manager,

Pakistan Stock Exchange Limited, Stock Exchange Building,

Stock Exchange Road, Karachi

22 July 2026

Dear Sir,

We have to inform you that the Board of Directors of United Bank Limited (“UBL”) in their 262nd meeting held on Wednesday 22 July 2026 at Islamabad at 10:00 a.m., inter-alia, recommended the following:

1. Cash Dividend

   An Interim Cash Dividend for the 2nd Quarter ended 30 June 2026 at Rs. 8/- per share i.e. 160%. This is in addition to interim Dividend already paid at Rs.8/- per share i.e.160%.

2. Bonus Shares

   --- NIL ---

3. Right Shares

   --- NIL ---

4. Any Other Entitlement / Corporate Action

   --- NIL ---

5. Any Other Price-Sensitive Information

   In accordance with Section 96 of the Securities Act, 2015 and Clause 5.6.1 of the Rule Book of Pakistan Stock Exchange Limited, United Bank Limited (“UBL” or the “Bank”) hereby conveys the following material information:

   1. The Board of Directors of UBL has approved, subject to receipt of all applicable corporate and regulatory approvals, the establishment by UBL of a private limited company as a subsidiary in which UBL will hold a majority stake, with an investment by UBL of PKR 8 Billion.

      Primary objective of this new company is to strengthen agriculture sector of the country and social uplift of the farmers. The company aims to design, develop and provide technology-enabled advisory and research services aimed at improving agricultural productivity, sustainability, and the livelihoods and incomes of farmers and other agricultural value chain participants.

      UBL Head Office 2nd Floor I.I. Chundrigar Road Karachi Ph. (021) 990332103

   2. The Board of Directors of UBL has approved, subject to receipt of all applicable shareholders, corporate and regulatory approvals, a further equity investment in Khushhali Microfinance Bank Limited (“KMBL”), an associated company of the Bank, of up to PKR 22 billion through participation in the rights issue and the acquisition of additional shares, including pursuant to its underwriting commitments.

      KMBL had negative equity of Rs. 16.15 billion as on December 31, 2025. UBL’s investment would help strengthen the financials of KMBL and help in stability of financial markets of Pakistan.

      The proposed transaction remains subject to approval of the shareholders of UBL under Section 199 of the Companies Act, 2017, together with receipt of all requisite regulatory approvals and completion of all applicable legal and corporate formalities.

   3. The Board of Directors of UBL has approved, subject to receipt of all applicable corporate and regulatory approvals, the establishment by UBL, along with other promoters, of a University as a not-for-profit company under Section 42 to the Companies Act, 2017 or charitable trust with contribution of PKR 10 Billion by UBL over a period of three to five years. The university would be setup in collaboration with Bestway Foundation which would match the UBL’s contribution.

   4. Mr. Shoukat Ali has been appointed as the Company Secretary of UBL with Immediate effect. You may please inform THE Certificate Holders of the exchange accordingly.

      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 Friday, 31 July 2026.

      The Share Transfer Books of UBL will remain closed from Monday, 03 August 2026 to Wednesday, 05 August 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 Friday, 31 July 2026 will be treated in time for the purpose of payment of interim cash dividend.

      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

UBL Head Office 2nd Floor I.I. Chundrigar Road Karachi Ph. (021) 990332103

The Quarterly Financial Statements (Quarterly Report) of the Bank for the 2nd Quarter ended 30 June 2026 will be transmitted through PUCARS separately, within stipulated time.

Yours faithfully,

Aqeel Ahmed Nasir Company Secretary

C.C. to:

1. London Stock Exchange.

2. The Commissioner, Enforcement & Monitoring Division, Securities and Exchange Commission of Pakistan, NIC Building, Jinnah Avenue, Islamabad.

UBL Head Office 2nd Floor I.I. Chundrigar Road Karachi Ph. (021) 990332103

UNCONSOLIDATED CONDENSED INTERIM 8TATEMENT OF FINANCIALPO8ITION A8 AT JUNB 90, 2020

2096 2026

—(Rupsea In ‘000)

NET AS6ETB

REPRE9ENT5D BY:

Shae ca@@ Resawes

Gu@us on revaluahon of assets - net

9yed

gOh!!**

ynan !^’

Ftn*** * ””’ ¿///it•**

@an

1‹,g2s,ue,/ea

5‘9 802

1 2

12,121,4s1,a7e

408

CONTtNOENClE8 AND COM ENT8

The annsxad colas 1 to 45 kxm en bleqral part of thess unconsolidated conderisei inlertm #narcig stalameuls.

9yed Manaoor Hucaain DC4l Muhammad Jawald l<#xsl Shaala &yad OazsM Mlahaat Howfett Lord Zamear M. Chou&ay, CBE, SIPk

Chief FirancDl OFeef Pes“ée4 6 Dir@or Director Chairman

uucoNsoLoATso coxosusso ertsetu eaorrr a«o Lo8s accouu (uu.auolTsoj

FOR THE SIX MOMTNB ENDED JUNE 30, 20A0

- Juea

- Juna

- June January - JMa

n40Q

kbrk-up / return / hoeB

27 341,495€59 304,036,068 665,D14,661 562,899,B29

28 251419,#63 211.838,856 ¥76,316,Z29 3B$,S71,SB1

a,3n,r3s st,1sr,112 189,6ss,332 175,422.248

t2,226,867

(1”,254.678)

«z,asz,ioo

ate.tss,sso

28.889.954

›os.ssz.«

1b.165,%2

zco.›sa.ws sos,›ss,‹os

71,061.6e7 3o,rg7,sm

B7D,784

3,M•6,460

2,3z›,ssr

zyo¿»s

412,523

8,267.773

1i,as6y1s

zoo.la

Fee aO cawnisa¥in ¥›ame 29

Foreign excnanpe incnme

oab f ttanJ tern 4ctSatSes

Other

30

ai

Workea' Wdl'am Fund

Toll malu ?Wt&f BX{Rf HS

caat as ailoesnce ana wxa-ou -nat

namings psr sh«ta •bau« allutsa

32

38

4y.xs.»s u,sos,sw az,ass,ao‹ si,aoa,wa

71,@9m7 7”1.050,512 17$192,42B 44,761,O62

ss 11.26

The annaxed notas 1 to 46 form

Syed asanzoo+ Huecats

unconsdtdatad condensod klsflm ñnanclal sBiemantB.

dflU 9er Akhtaf* aidt

sye

ggan4ia! Cont/° tte

Finan

ited

aid

trailer

Flnance Qjvlsloft

united Bank

l1M.W

M 4CONS0L¥§ CONDENSEO BiTERN CAS i FLOW STATE DiT {UN-AUDITED) FOg THE SIX MONTHS ENN0 JUNE S6, ZOZG

cnsH FLow rRou oPEJzxTlxs xcTiwres

Leea: £¥vNend +c‹xoe

nlareai exponae on ko•• MBka aqaM rlljht-of-uae caaao

G•h on sat ol {sopany •nd agul mand - nd Bad debo wttsn eg dkcctly

UruseAad paki an fevM/allon of kvaetmanls ctacsl0ad es FVPL

Gradk be• aAnverce / (R•v•faal) cga¥at o¥w ascds - na

Othef cr¥d# bas a0owence / wlteWa

(Rupan In TO)

477,600,076 1@670,309

Other ess•N (acckldlnp •dv•nca laxatbnl

Bob p«yabk

(709,656,626)

I1J04t0.29)

(4,423,833) (M9,765)

CASH FLOW fiROM FINMCING ACYMTES

Fnans

•nc1ai c«trot)er

Limited

tf,600,301.9t8) ( 67d.310.t24)

(S, . )

(I,MO)

Thmsnnesednote*1to*9tonmemlh$gn•|poaofJioaeunoonmdWmtsd #nwwza

CONSOMDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION AS AT JUNE 30, 2026

rina•

Unappropriated profit

222,917,619

181,178,532

The annexed notes 1 to 45 form an integral part of tñese consolidated condensed interim financial statements.

Syed MaMoor Hucaein Zaldl Muhammad Jewald lqbal Shazl• Syed OMlcl Michael Hewlett Larch Zarr w M. Choudrcy, CBE, Sj PK Chef Financial Off

Chtef Exeadtve Officer

CONSOLIDATED CONDENSED INTERIM PROFIT AND LOSS ACCOUNT (UN-AUDITED) FOR THE SIX MONTHS ENDED JUNE 30, 2026

Mark-up / atum / interest earned Mark-up / etum / interest expensed

NoB — (Rupees In ’000) ——

27 341,500,405 303,0¥7,515 665,027,860 564,015,540

28 251,209,761 211,841,680 475,315,124 388,586,686

Gain / (loss) on securttles - net

Capial gain on derecognltion of ñnandal assets measured at amoXised cost Other Income

Total non mark-up / Interest Income To%l Income

Non mark-up / interest expenses

Operating expenses Workers' Welfare Fund Other charges

Total non mark-up / Intereat expenses

Share of (loss) / proét of assodates

ProAt before credit loss allowance Credit loss allowance and write-offs - net Proñt before Bxatlon

Taxatlon

Proñt aftsr taxation ANrlbuNble to:

Equity holders of the Bank

30

31

30,409,845 16,226,880 73,800,712 33,048,710

120,700,489 107,432,715 283,513,448 208,477,564

32 6 873 69 3 8 516 819 59 6 3

495 976 1 451 5 0 3 05 298 2 169

33 7 006 1 841 15 197 2 49

¥8,376,481 35,900,747 89,037,414 62,599,308

1,856,006 422 516 (149,940) 605,435

74,180,104 71,954,484 174,326,094 46,483,891

(3,752,575) (2,280,430) (4,207,651) (3,889,247)

77,932,679 74,234,914 178,533,745 150,372,038

35 40,445,541 45,614,327 92,626,238 85,640,725

7387 138 8220587 807 07 7632213

37,480,089 28,615.924 85,897,328 64,722,700

Non-controlling lntere8t

Flnanci3tj

AkhtarZaldl

Controller

7,049 1,663 10,179 9,513

37,¥87,138 86220 87 5.9807,507 4,7632,213

Finance O'*'*’,^’

Unie** ^"”

——— (Rupees) --- -

Earnings per share - basic and diluted

36 14.97

1.43

34.30 26.07

The annexed notes 1 to 45 form an Integral pa% of these consolidated condensed Intertm 4nandal stataments.

- 315@1

SyedbUMer AkhtarZaldl

Financi

Controller

Finance Division

United Ba * Lim ited

CONSOLIDATED CONDENSED INTERM CASH FLOW STATEMENT(UN-AUDITED) FOR THE SIX MONTHS ENDED JUNE 30, 2026

Januag/ - June Janua - June

2028 2026

(Rupees in '000)

CA9H FLOW FROM OPERATING ACTIVITIE9

Profit before taxation

Less: Dividend income

Less: Shere of (loss) / profit of associates

Adjustments:

Deprec%tion on property and equipment

Depreciation on right-of-usa asseta

&prac%ñon on non-banking asaa8 acquired in aaésfaction of claims

Amortization

Workem’ Welfare Fund - charge Provision for retirement benefits Provision for compencated absences

Credit loss ellDwanca against loans and advances - net

Credit loss allowance against off - balance sheet obligations - net Credit loss allowance for diminution in value of investments - net

Gredlt 1088 allowance / (Revaoal) against cash and balance8 with tr0B8U banks

Impairment on fixed asseta

Interest expense on leasa Ilabilities against right-of-use assets Less on sale of /I«rahaaseta - net

Gain on sale of property and equipmems - net

Bad debta wrlttanmñ directly

Unrealised gain on evaluation of Investment Aassiflad aa FVPL

Caait loss allowance against other asaes

Other credit loss allowance / wnto•offs

(Increase) / decrease In operating asoets Lendings to financial Insdtuñons Securities classified as FVPL

Advances

Other asseta (excluding advance taxation)

Increase / (decrease) in opemang llsbllitles

Bills payable

Borrowings

Deposits end oher accounts

Other IIablII8es

Payment on account of staff reéament benefits Income taxes paid

Net cash flow generated from operating activities

CASH FLOW FROM INVES1NG ACTMTIE9

178,533,745

557,474

(14 40)

178,126,211

6,735,458

3,314,997

8,080

3,823,815

3,505,298

1,177,872

91,046

(2,146,034)

(354,490)

(1,327,502)

(7,080)

160,218

3,110,982

97

(66,689)

61,417

(941,220)

100,454

(215 648)

18,831 072

194,957,283

30,344,797

(514,518,847)

(155,355,03)

{70,305,210

(708,834,003)

119,991,830

1,469,024,549

949,848,617

(5,793,214)

2,533,071,782 2,018,194,162

(4,335,490)

(121,060,710) 1,892,797,944

150,372,938

1,364,389

605,435 148,403,114

4,143,442

1,890,308

15,861

564,200

2,945,169

935,205

74,743

(4,083,719)

116,371

427,588

(33,302)

1,486,817

234

(75,332)

49,843

(110,900)

(2,301)

60,489

8,382,714 156,785,828

(72,240,238)

(2S1,153,9sg) 386,448,883

(173,35S,586 (110,300,927)

8,504,986

1,216 244.381

1,652,017,899

(22,899,837)

2,853,867,229 2,900,352,130

(354,709)

(55 ^84,101) 2,844,413,320

Net investments In securities classified as FVOCI

Net Investmanta in amortized cost securities

Net Investments in associates

Cash acquired through busineea combination Dividend Income received

lnve8tment in property 8nd equipment and inangiNa assets Sate proceeds from disposal of property and equipments Sale proceeds from disposal of ijarah assets

Eflect of translation of net investment in foreign bunches

Net cash Row uaed !n Investing actlvittes

CA9H FLOW FROM FINANCING ACTIVITIE9

Payment of lease liabilities against right-of-use aaaets

Payment of su&rdlnated debt

Dividend paid

Net cash flow used In financing activities Increase In caah and cash equivalents

Gash and cash equivalents at the beginning of the period

S/ed Mu er Akhtar Zaldl Financ I Controller Finani:e Division

United Bank Limited

(1,240,706,331)

(307,683,088)

(8,027,034)

469,288

(44,251,855)

645,783

10,497

(1,185,157)

(1,600,728,797)

(6,030,668)

(37,036,276)

{43,068,944) 249 002 203

608 2 22

(2,596,116,863)

(16,335,701)

(1,132,233)

15,168,228

1,384,389

(85,124,634)

188,088

27,645

2,184,782 (2,679,749,298)

(3,365,246)

(999,800)

{27,0** 332)

(31,449,378)

133 214 644

Effect of exchange rato changes on cash and cash equivalents

Cssh and caah equivalents at the end of the period

The annemd noas 10 45 form an integral part of theso consotidated condensed Interim financial statementa.

2 268 83s 4g3

605,988,375 370,804,622

9y•d Manzoor Hussain Zaldi Muhammad Jawald !qbaI 9hszia 9yad DanielMichael Howlett Lord Zameer M. Choudrey, CBE, SI PK CNaf Finandal Officer President & Director Director chairman

Cfdef Executive

ANNEXURE – C IN TERMS OF SECTIONS 96 AND 131 OF THE SECURITIES ACT, 2015

[u] Disclosure of inside information by listed company in terms of section 15D

Public disclosure of price sensitive / inside information, which directly concerns the listed securities:

1. The Board of Directors of UBL has approved, subject to receipt of all applicable corporate and regulatory approvals, the establishment by UBL of a private limited company as a subsidiary in which UBL will hold a majority stake, with an investment by UBL of PKR 8 Billion.

   Primary objective of this new company is to strengthen agriculture sector of the country and social uplift of the farmers. The company aims to design, develop and provide technology-enabled advisory and research services aimed at improving agricultural productivity, sustainability, and the livelihoods and incomes of farmers and other agricultural value chain participants.

2. The Board of Directors of UBL has approved, subject to receipt of all applicable shareholders, corporate and regulatory approvals, a further equity investment in Khushhali Microfinance Bank Limited (“KMBL”), an associated company of the Bank, of up to PKR 22 billion through participation in the rights issue and the acquisition of additional shares, including pursuant to its underwriting commitments. As a consequence of the further equity investment, UBL’s aggregate shareholding in KMBL may increase from its current shareholding of approximately 27.8% to up to 100% of the issued and paid-up share capital of KMBL.

   KMBL had negative equity of Rs. 16.15 billion as on December 31, 2025. UBL’s investment would help strengthen the financials of KMBL and help in stability of financial markets of Pakistan.

   The proposed transaction remains subject to approval of the shareholders of UBL under Section 199 of the Companies Act, 2017, together with receipt of all requisite regulatory approvals and completion of all applicable legal and corporate formalities.

3. The Board of Directors of UBL has approved, subject to receipt of all applicable corporate and regulatory approvals, the establishment by UBL, along with other promoters, of a University as a not-for-profit company under Section 42 to the Companies Act, 2017 or charitable trust with contribution of PKR 10 Billion by UBL over a period of three to five years. The university would be setup in collaboration with Bestway Foundation which would match the UBL’s contribution.

Aqeel Ahmed Nasir

Company Secretary

The University is intended to provide higher education and conduct research in [disciplines / fields of study].

22 July 2026

UBL Head Office 2nd Floor I.I. Chundrigar Road Karachi Ph. (021) 990332103