United Bank LimitedPSX: UBL

Financial Results for the Quarter ended March 31, 2026

· Issued by United Bank Limited
‌Secretary’s Department

UBL/BOD-261/PSX/Results/26

15 April 2026

The General Manager,

Pakistan Stock Exchange Limited, Stock Exchange Building,

Stock Exchange Road, Karachi

Dear Sir,

Financial Results for the 1st Quarter Ended 31 March 2026

We have to inform you that the Board of Directors of United Bank Limited (“UBL”) in their 261st meeting held on Wednesday 15 April 2026 at Islamabad at 10:00 a.m., inter-alia, recommended the following:

  1. Cash Dividend

    An Interim Cash Dividend for the 1st Quarter ended 31 March 2026 at Rs.8/- per share i.e.160%.

    Bonus Shares

    --- NIL ---

  2. Right Shares

    --- NIL ---

  3. Any Other Entitlement / Corporate Action

    --- NIL ---

  4. Any Other Price-Sensitive Information

    The Board of Directors of UBL has appointed Lord Zameer M. Choudrey, CBE, SI Pk as Chairman of the Board of Directors of UBL.

    Further the Board has re-appointed Mr. Muhammad Jawaid Iqbal, as President and CEO of UBL, for a term of three years subject to all applicable regulatory approvals including clearance of Fit and Proper Test (FPT) by the State Bank of Pakistan.

    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

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

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

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 Thursday, 23 April 2026.

The Share Transfer Books of UBL will remain closed from Friday, 24 April 2026 to Monday 27 April 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 Thursday 23 April 2026 will be treated in time for the purpose of payment of interim cash dividend

The Quarterly Financial Statements (Quarterly Report) of the Bank for the 1st Quarter ended 31 March 2026 will be transmitted through PUCARS separately, within stipulated time.

Yours faithfully,

Aqeel Ahmed Nasir Company Secretary & Chief Legal Counsel

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

‌LINCONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION AS AT MARCH 31, 2026

NET ASSETS

REPRESENTED BY:

Share capital Reserves

sy Ein

23

12,521,239

12,521,239

144,949,939

138,517,698

24

55,605,538

173,025,714

a

r ’ •

iac°^t' flew

Note

(Un-audited)

March 31,

(Audited)

December 31,

2026

(Rupees

2025

in '000)

ASSETS

Cash and balances with treasury banks

6

574,808,391

547,646,979

Balances with other banks

7

65,852,900

57,179,677

Lendings to financial institutions

8

31,574,547

Investments

9

9,924,233,155

9,951,054,650

Advances

10

1,479,131,417

1,369,366,395

Property and equipment

11

132,717,607

120,546,171

Right-of-use assets

12

47,157,643

36,198,112

Intangible assets

13

57,389,199

58,353,831

Deferred tax assets

14

Other assets

15

444,784,168

448,273,083

12,726,074,480

12,620,193,445

LIABILITIES

Bills payable

17

59,166,702

58,631,844

Borrowings

18

6,604,788,795

6,530,014,720

Deposits and other accounts

19

5,394,449,024

5,168,424,418

Lease liabilities

20

49,797,372

38,873,814

Subordinated debt

21

10,000,000

10,000,000

Deferred tax liabilities

14

13,457,921

135,943,237

Other liabilities

22

178,239,294

179,573,846

12,309,899,108

12,121,461,879

CgDI

416,175,372

498,731,566

Surplus on revaluation of assets - net

$nan

Unappropriated profit

Ugted pank

203,098,656

174,666,915

CONTINGENCIES AND COMMITMENTS

25

416,175,372

498,731,566

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

Syed Manzoor Hussain Zaidl Muhammad Jawaid lqbal Shazla Syed Daniel Michael Howlett Lord Zameer Mohammed Choudrey, CBE, SI Pk

Chief Financial Officer President & Director Director Chairman

Chief Executive Offlcer

UNCONSOLIDATED CONDENSED INTERIM PROFIT AND LOSS ACCOUNT (UN-AUDITED) FOR THE THREE MONTHS ENDED MARCH 31, 2026

January - January -

March 2026 March 2025

Mark-up / return / interest earned

27

323,519,262 260,957,761

Mark-up / return / interest expensed

28

224,098,666 176,732,625

Net mark-up / Interest Income

99,420,596 84,225,136

Non mark-up / interest income

Fee and commission income

29

Dividend income

Foreign exchange income

Loss from derivatives

Gain on securities - net

30

Capital gain on derecognition of financial assets measured at amortised cost Other income

31

Total non mark-up / interest income

42,171,943 15,597,815

Total income

141,592,539 99,822,951

Non mark-up / interest expenses

Operating expenses

32

Workers' Welfare Fund

Other charges

33

Total non mark-up / interest expenses

39,979,161 26,097,401

Profit before credit loss allowance

101,613,378 73,725,550

Credit loss allowance and write-offs - net

34

(455,076) (1,608,817)

Profit before taxation

102,068,454 75,334,367

Taxation

35

53,090,596 39,738,749

Profit after taxation

48,977,858 35,595,618

Sye Muneer Akhtar Zaidi

- —- (Rupees) - -—

Earnings per share - basic and diluted - Restated F inanc lal Ccntroller

36

19.56 14.46

Finance Division

Note —-- (Rupees In ’000) •

7,836,987

6,467,543

145,151

862,726

3,938,914

3,477,162

(885,062)

(1,252,817)

30,535,934

5,825,773

600,019

217,428

37,969,998

24,619,103

2,000,972

1,477,645

8,191

653

United Bank Limited

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

Syed Manzoor Hussain Zaldl

Muhammad Jawald Iqbal Shazia Syed

Daniel Michael Howlett

Lord Zameer Mohammed Choudrey, CBE, SI Pk

Chief Flnenclal Officer

Presldent & Dlrector

Director

Chalrrnan

Chief Executive Officer

UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF CHANOES IN EQUITY fUN•AUDIT ED)

FOR THE THREE MONTHS EMDED MARC{•f 31, 2026

gh»n

Tetap

Bdaecs es at January g1a20Z3 - ae $9.803,9M

651,213

35.595.618

3 ,595.618

{17.861) 17.861

279,442 10,473,761

R

R

’

13.521W l0,473,76 @.455.67

(188,8@)

(3.S59,'62)

(1J,M.077) (13,46S,O

l,140 1@.7@.64g 3a8,08d,M

1@,118,801

12,09g,401

112,075,310

1@.118.801

10d,512,630 204.488,439

53853) 538S3

{8,g41,323)

t2,52T,2@

l0.473.76t

@,313,175

Interim cesh - Jze 30. 202S dedared el Re. 6.0 pw afere

Balertce aa al 31, 24ZS {ñudhedl

Ellen d Tmnatm to ER lW#xd • nM of do

E

E

1.148 174.882,@ @.047.@

{111,816.@1}

48,877,8S8 (6g,W,203)

(4. ,412)

Bsianca ae at Merch it, {Un-sudfisd]

146 203 0@.§ '$ 41g 175 3/2

The annexed notee 1 la 4$ form an Integral part of bese unconedldeted condensed Intedm finand al ctatemenD.

Syed Manzoor Hueeain ZAidf Muhammad Jawaid Iqbal Shazla Syed

Chlef Financial Of cer President & Director

Chief ExecuDve CXficer

hael Howlett Lord Zameer Mohammed Choudrey, CBE, SI Pk

,„sk>ta‹ a

S1

UNCONSOLIDATED CONDENSED INTERIM CASH FLOW STATEMENT (UN-AUDITED) FOR THE THREE MONTHS ENDED MARCH 31, 2026

January -March 2026

January - March 2026

CASH FLOW FROM OPERATING ACTIVITIES

--———— (Rupees In ’000) ——-----

Profit berore taxaHon Less: Dividend income

Adjuatmento:

Depreciation on property and equipment

Depreciation on Islamic financing against leased asaets (Ijarah) Depreciation on right-of-use assets

Depreciation on non-banking assets acquired in satisfaction of claims Amortisation

Workers' Welfare Fund - charge Provislon for redrement benefits Provislon for compensated absences

Credit loss allowance agalnst loans and advances - net

Credit loss allowance against off - belence sheet obligations • net Credit loss allowance for dlmlnutlon in value of Investments • net Interest expense on lease ilabilitles against right-of-use asseta Loss on saie or ljarah assets - net

Gain on sale of property and equipment - net Baddebtswñnen-ofdnrty

Unrealised gain on revaluation of invesments classified as FVPL Credit loss allowance agalnst other assets

Other credit loss allowance / write-offs

(Increase) / Decrease In operating assets Lendings to finandal Institutions SeMrities cIassifed as FVPL

Advances

Other assets (excluding advance taxat )

Increase / (decrease) In operating IIabIIItles

Bills payable Borrowings

Deposits and other accounts

Other liabilities

Payments on account of staff retirement benefits Income taxes paid

Net cash flow generated fcom operaflng actlvltles

CASH FLOW FROM INVESTING ACTMTIES

Net investments in securities dassified as FVOCI Net Investments in amortised cost securitles

Net investments in associates

d

yinanCia Finance

Cash acquired through business combination Dividend Income received

Investment in property and equipments and Intangible assets

102.068.454

145 151

101,823,303

S,123,045

93,205

1.516,058

4,040

1,769,920

2,000,972

616,232

30,767

1,579,036

(574,942

(1,292,908

1,404,204

97

(35.169

23,650

2,217,732

66,760

100 886

12 042 805

114,866,108

31,574,547

(137,300,867

(111,590,217

(5 525 133

(222,841.670)

534,858

74,774,075

226,024,606

(10 607 243

290 726 206

182,750,734

(4,407,606)

(42 094 119)

225.216,128

(303.371,556

8,000,154

-95,828

(16,318,737

254,137

10,497

(487 607

136,246,006

76,334.367

862 726

74,471,641

1,852,788

22,577

781.052

3,457

275.891

1,477,845

422,809

34,536

(2,987,903

818,225

623,424

506,465

234

(58,543

19,656

16,503

20,397

49 889

3,959 242

78,430,883

12,063,283

(114,608,176

518,625,528

(168 073 472

248.847.163

(16.002.392

548.102,065

754,580,691

(5 891 991

1,280 128 373

1,607,406,419

(228,584)

(17 8d0 581)

(1, S00.147.500)

811.761

-15,198.229

352.349

(68,300,417

138,675

26.878

651 213

1,589,337,254

Sale proceeds from disposal of property and equipments Sale proceeds from diswsal of Ijarah assets

Effect of translation of net Investment in foreign branches

Sye

Net caah flow used In Investlng actlvltles

CASH FLOW FROM FINANCING AC TfVfTlES

(86.541,156)

(1,551,277,812)

Payment of lease liabilitles against ñght-of-use assets

Dividend paid

2 76 8

{1 )|0864342

1 7

({669g03}{1

Net cash flow ueed In financing activities

(13,873,218)

(8,139,010)

Increase / (decrease) In caah and caeh equlvalenB

35 834 635

29 920 432

Cash and cash equivalents at the beginning of the perlod

6 8 07

8 04

Effect of exchange rate changes on cash and cash equlvalents |{ }|7 4 5 | |1209 769

Cash and cash egulvalents at the end of the period

604 826 656 369 714 157

640 661 261 399 634 589

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

Syed Manzoor Hussain Zaldl Muhammad Jaweid Iqbal Shazia Syed Daniel Mlchael Howlett Lord Zameer Mohammed Choudrey, CBE, SI Pk Chief Financial Officer President & Director Director Chairman

Chief Executive Officer

CONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION AS AT MARCH 31, 2026

Note

(Un-audited)

March 31,

2026

(Audited)

December 31,

2025

(Rupees in '000)

ASSETS

Cash and balances with treasury bank9

6

575,825,627

548,709,327

Balances with other banks

7

65,851,309

57,279,049

Lendings to financial institutions

8

-

31,574,547

Investments

9

9,927,042,138

9,956,066,916

Advances

10

1,479,131,417

1,369,366,395

Property and equipment

11

133,118,760

120,927,227

Right-of-use assets

12

47,718,883

36,813,438

Intangible assets

13

57,724,332

58,690,656

Deferred tax assets

14

-

Other assets

15

445,660,121

449,087,109

12,732,072,587

12,628,514,664

LIABILITIES

Bills payable

17

59,166,702

58,631,844

Borrowings

18

6,604,788,795

6,530,014,720

Deposits and other accounts

19

5,393,486,772

5,168,089,899

Lease liabilities

20

50,414,096

39,520,412

Subordinated debt

21

10,000,000

10,000,000

Deferred tax liabilities

14

12,875,592

136,299.736

Other liabilities

22

179,125,089

180,666,240

Akht»rZadt

12,309,857,046

12,123,222,851

NET ASSETS

422,215,541

505,291,813

Flnan Limit

REPRESENTED BY:

Share capital

ed

23

12,521,239

12,521,239

Reserves

144,949,939

138,517,698

Surplus on revaluation of assets

24

55,621,128

173,003,893

Unappropriated profit

209,049,654

181,178,532

Total equity attributable to the equity holders of the Bank

422,141,960

505,221,362

Non-controlling interest

73,581

70,451

422,215,541

505, 91 813

CONTINGENCIES AND COMMITMENTS

25

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

Syed Manzoor Hussain Zaldi

Muhammad Jawald Iqbal

Shazla Syed

Daniel Michael Howlett

Lord Zameer Mohammed Choudrey. CBE, SI PK

Chlef Financial Officer

President 6

Chief Executive Officer

Director

Director

Chairman

CONSOLIDATED CONDENSED INTERIM PROFIT AND LOSS ACCOUNT (UN-AUDITED)

FOR THE THREE MONTHS ENDED MARCH 31, 2026

January -March 2026

January -March 2025

Note -— (Rupees in ’000) —--—

Mark-up / return / interest earned

27

323,527,455

260,968,025

Mark-up / return / interest expensed 28 224,105,363 176,745,006

Net mark-up / interest income

99,422,092

84,223,019

Non mark-up / interest income

Fee and commission income

29

8,937,016

7,505,961

Dividend income

145,151

862,726

Foreign exchange income

4,183,319

3,669,940

Loss from derivatives

(885,062)

(1,252,817)

Gain on securities - net

Capital gain on derecognition of financial assets measured at amortised cost

30

30,424,318

5,825,773

Other income

31

586,125

210,247

Total non mark-up / interest income 43,390,867 16,821,830

Total income

142,812,959

101,044,849

Non mark-up / interest expenses

Operating expenses

32

38,643,420

25,206,289

Workers' Welfare Fund

2,009,322

1,491,619

Other charges

33

8,191

653

Total non mark-up / interest expenses

40,660,933

26,698,561

Share of (loss) / profit of associates (2,006,036) 182,919

Profit before credit loss allowance

100,145,990

74,529,207

Credit loss allowance and write-offs - net

34

(455,076)

(1,608,817)

Profit before taxation

100,601,066

76,138,024

Taxation

35

52,180,697

40,026,398

Profit after taxation 48,420,369 36,111,626

Attributable to:

Equity holders of the Bank

Syedin n ial

Akhtar Zaldl

OftfOll98

48,417,239 36,106,776

Non-controlling interest

Finance Division

United Bagtk Limited

3,130 4,850

48,420,369 36,111,626

—--—----—- (Rupees) -----

Earnings per share - basic and diluted - Restated

36 19.33

14.67

-rhe annexed notes 1 to 45 form an integral part of these consolidated condensed interim financial statements.

Syed Manzoor Hussain Zaidl

Muhammad Jawaid Iqbal

Shazia Syed

Daniel Michael Howlett

Lord Zamesr Mohammed Choudrey. CBE, SI PK

Chief Financial Officer

President &

Chief Mecutive Officer

Director

Director

Chairman

CONSOLIDATED CONDENSED INTERIM STATEMENT OF CKANGES IN EQUITY (UN-AUDITED)

FOR THE THREE MONTHS ENDED MARCH 31, 2026

Balance ae ct January Q, 2025 • as

Tobl amprehenslve Inco«a for the thrae monthe ended Starch $1, 2025

12,241.797 54,930,877 58.803.954

- 40.210.574 38,4M,440 1.148 118,472,051 322,113,848 49,910 30,163.758

-

”

651,213

(3,058,394)

-

•

-

38.1@,776

38,1@,778

(2,405,181)

4,850

38,111.828

(2,405,181)

Trenefe of in lal d lafim morn surplus on ievdul of;xoparty and atulpmmt loune›/xqxiatal poffl - ml of tax

TranGle of set gain m dispoed of FV&I equity invesl Is mm surglue o vnapxopriaBd pelt - nal of taX

Transfe la aatutp ‹we

She‹u issued urde amalgamgDm

Trsnsacdons with owners for the thras months ended Perch 31, 2025, recorded directly In equky

Final caBh dividend • Oec bo 31.2024 ‹Bder•d

s bseguwt lo tf›e yeai end at Re. 11.0 pe sha‹e Balance u ct larch 31, 2025 (Un<>

Tobl compmhenelve Income lor the nine months ended Oecsmber 31, 2025

su afte taxebn la lhenlne rr

0theroxnp&ufive incore - rat ol tax

Totd amp Ave Inc fee lhe nine mmtha axlal Oaanbu 31, 2025

T‹ansfe olinchdmiati‹n floor surplus on revalua6

- 651,2t3

- 3.5S9,581

(13,485,977)

(13.485,977)

•

(13,485.g77)

12,521

10.473,761

58,400,438

80,4S5,167

-

38,087,290

38,435,588

1.148 135,758,040

353.102,889

54,700

353,t57,429

279,442 10.473,761

•

•

(142,M)

1@,1@,156

•

83.893.107

12,t03,748

93,890,107

112,088,913

15,641

50

93,M8.74B

112,088,083

  • - (142.M)

(3,050,394) -

(17,881)

(186,W)

@,1@,158

38,1@.778 33,701,505 4,850 33,7@,445

17,881

188,890 (3,S5g,5g1)

10,7S3,203 • 10,7S3,203

  • 105,0¥I,858 205, 0,020 15,891 205,975.711

    of pqxxty ard ajuipmuit launa*;rpxiatal poll - ret of lax -

    Transfe of net galn mdicpccal olFV£€l gig i» b too surplus b una aledpofit - net of lax

    Transfe lo stetuloy ime

    Trancactlona with ownere for the nine mon1fn ended December 81.202t, recorded directly In equfty'

    •

    -

    (13,773,363)

    (13,773,383)

    (13,773,383)

    -

    (20,033,082)

    (20.033,082)

    (2l0U 82)

    (20,033,082)

    (20,033,062)

    •

    (20,033,082)

    Inleñm cash dividend - ktuch 31, 2025 decimal at Ra. 11.0 ps shoe

    Indd cash dMdand - June 30, 2025

    decided at Rs. 8.0 shae

    Imam cach divided - lerrbei 30.202S

    declaad at Rs. 6.0 pm shsre

    9,241,324

    (2,4S2,434)

    • 53,853 •

    2K2,G

    - {0,20¿32#)

    (53,841,327)

    (53,841,327}

    •

    (M,841,327}

    Balance ae zt Member t1, 2075 (Audfbd)

    12.521,230

    10,473,761

    67.731.762

    00,312,175

    34,621,012

    38,381,7X

    1,146

    181,178,532

    505,01,382

    70,451

    505,291,813

    Effed of TrmGitbn to EIR Uethcd - nel of lsx

    3.1

    -

    315,891

    315,901

    •

    315,901

    Balance aa st January 01, g0gB - aa r+stated 12,521 39

    Totsl cornpnhenelve Income for the thme monthe ended I•hrch J1, 20t6

    t0,473.761

    67,731.782

    00,312,175

    -

    134,621,012

    38,381,735

    1,148 181,494,523

    POS.537,353

    70.451

    POS.807.804

    P‹oti aha taxa on ft The th‹ee rncnlfis axlal Much 31, 2026

    Other g‹ehma e meats - net ol tax

    48(,7007)

    2,00,063

    (113,313,1M)

    48,417,230

    48,417,239

    (111,778,M)

    3,130

    48,420,388

    (111,778,850)

    Total conp eheuive inca«e f‹x ke lfitm rrcnhe ended Much 31, 2026 -

    •

    (467,007)

    2,022,083

    (113,313, )

    48,417,239

    (63,38t,411)

    3,130

    (83,358,281)

    +renefe of dermal depie-iatim from revaluaiicn

    of pq›aly md squint Io unappcpriatal pofit - nel of Ian

    T‹ansler of rat gain m 6sp‹nd of F/€€l ajMty in ts from su‹pIue to uneppogriatel pofit - nel of lax

    Transfe la clatubr/ rna

    Tmnsactlona with owisrs, recorded drectly In equity

    Fin4sMdñhnd- bm31,K25dedmk

    - 4,897,765 •

    (4,083,412)

  • 4,063,412 - -

(4,897,785)

eWmqmMoWeyearendaRs 8operere 2O,V 82) (K008%02) . 20000 82)

Balancs as ct Msrch J1, 2026 (Un•sudlted) 12.521 10,473.781 72.629,547 59.824,S88 2.022.063 17.244,404 38.375.488 1.148 209,049,654 422.141,9g0 73.581 422,215.541

The annexed notes 1 lo a5 form an Integral part ol these consolidated condensed interim financial statements.

Syed Manzoor Hussain Zaldl Muhammad Jawaid Iqbal Shazla Chief Financial Officer President &

Chief Cxecotl ve Otficer

Danlel Mlchael Howlett Lord Zemeer Mohammed Choudrey. CBE, SI PK

ireaor Chairman

un Akst••Zaidi

CONSOLIDATED CONDENSED INTERIM CASH FLOW STATEMENT (UN-AUDI”FED) FOR THE THREE MONTHS ENDED MARCH 31, 2026

Profit before taxation

100,601,066

76,138,024

Less: Dividend income

145,151

862,726

Less: Share of (loss) / profit of associates

(2,006,036)

182,919

102,461,951

75,092,379

Adjustments:

Depreciation on property and equipment

3,147,915

1,874,603

Depreciation on Islamic financing against leased assets (Ijarah)

93,205

22,577

Depreciation on right-of-use assets

1,532,524

813,637

Depreciation on non-banking assets acquired in satisfaction of claims

4,040

3,457

Amortisation

1,773,314

279,459

Workers' Welfare Fund - charge

2,009,322

1,491,619

Provision for retirement benefits

916.232

427,270

Provision for compensated absences

30,767

34,536

Credit loss allowance against loans and advances - net

1,579,036

(2,997,963)

Credit loss allowance against off - balance sheet obligations - net

(574,942)

818,225

Credit loss allowance for diminution in value of investments - net

(1,292,968)

623,424

Interest expense on lease liabilities against right-of-use assets

1,412,597

609,734

Loss on sale of ljarah assets - net

97

234

Gain on sale of property and equipments - net

(35,169)

(58,544)

Bad debts written-off directly

23,850

19,656

Unrealised gain on revaluation of investments dassified as FVPL

2,217,732

16,503

Credit loss allowance against other assets

65,750

20,397

Other credit loss allowance / write-offs

100,886

80,635

13,004,188

4,079,459

115,466,139

79,171,838

(Increase) / decrease in operating assets

Lendings to financial institutions

31,574,547

12,963,283

Securities classified as FVPL

(137,300,867)

(114,668,176)

Advances

(111,590,217)

518,104,269

Other assets (excluding advance taxation)

(5,556,930)

(167,401,098)

(222,873,467)

248,998,278

Increase / (decrease) in operating liabilities

Bills payable

534,858

(16,662,392)

Borrowings

74,774,075

548,102,065

Deposits and other accounts

225,396,873

754,604,962

Other liabilities

(7,765,317)

(5,840,562)

292,940,489

1,280,204,073

185,533,161

1,608,374,189

Payments on account of staff retirement benefits

(4,415,554)

(228,575)

income taxes paid

(42,284,056)

(18,185,802)

CASH FLOW FROM OPERATING ACTIVITIES

January - January -

March 2026 March 2025

--—------- (Rupees in '000) ----- -

Net cash flow generated from operating activities

Net investments in securities classified as FVOCI

224,986,972

(1,500,190,970)

Net investments in amortized cost securities

(303,371,556)

811,761

Net investments in associates

5,626,391

(366,974)

Cash acquired through business combination

15,198,229

CASH FLOW FROM INVESTING ACTIVITIES

138,833,551 1,589,959,812

Dividend income received

Investment in property and equipments and intangible assets Sale proceeds from disposal of property and equipments Sale proceeds from disposal of ijarah assets

syedlgut

Flnan*

yt /tyhtar Zgidl

piVi5tO0

95,828

(16,366,806)

255,537

27,645

352,349

(68,323,362)

138,911

27,645

Effect of translation of net investment in foreign branches

untted ^nk

(487,607)

651,213

Net cash flow used in investing activities

CASH FLOW FROM FINANCING ACTIVITIES

Payment of lease liabilities against right-of-use assets

(89,233,596) (1,551,701,198)

3 017 053) 1 549 147

Dividend paid

10|{,9,344}|28 (6|„}|619639

Net cash flow used In financing activities (13,911,395) (8,169,110)

Increase in cash and cash equivalents

Cash and cash equivalents at the beginning of the period

35 688 560

607 166 809

30 089 504

369 594 853

Effect of exchange rate changes on cash and cash equivalents

Cash and cash equivalents at the end of the period

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

1 178 433 1 209 769

605,988,376 370,804,622

641.676.936 400 894 126

Syed Manzoor Hussain Mldi

Muhammad Jawaid Iqbal

Shazla Syed

Danlel Mlchael HowleQ

Lord Mmeer Mohammed Choudrey. CBE, SI PK

Chief Financial Officer

President &

Chief Executive Officer

Director

Director

Chaiman

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