REG - United Bank Limited - 3rd Quarter Results
17/10/2025 12:45
For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251017:nRSQ8810Da&default-theme=true
RNS Number : 8810D United Bank Limited 17 October 2025
Secretary's Department
UBL/BOD-257/PSX/Results/25
15 October 2025
The General Manager
Pakistan Stock Exchange Limited
Stock Exchange Building,
Stock Exchange Road,
Karachi.
Dear Sir,
Financial Results for the 3rd Quarter Ended 30 September 2025
We have to inform you that the Board of Directors of United Bank Limited
("UBL") in their 257(th) meeting held on Wednesday, 15 October 2025 at
Islamabad at 10:00 a.m. inter-alia recommended the following:
(i) CASH DIVIDEND
An Interim Cash Dividend for the year Quarter ended 30 September 2025 at
Rs.8/- per share i.e.160%. This is addition to interim Dividend already paid
at Rs.13.5/- per share i.e.270%
(ii) BONUS SHARES
--- NIL ---
(iii) RIGHT SHARES
--- NIL ---
(iv) ANY OTHER ENTITLEMENT / CORPORATE ACTION
--- NIL ---
(v) ANY OTHER PRICE-SENSITIVE INFORMATION
--- NIL ---
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 24 October
2025.
The Share Transfer Books of UBL will remain closed from Monday, 27 October
2025 to Wednesday, 29 October 2025 (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, 24 October 2025 will be treated in time for the
purpose of payment of interim cash dividend.
Following Statements are attached:
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 Statement 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 Statement of Cash Flows
The Quarterly financial statements (Quarterly Report) of the Bank for the
3(rd) Quarter ended 30 September 2025 will be transmitted through PUCARS
separately, within stipulated time.
Yours faithfully,
Sd/-
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
Annexure A-1
UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION
AS AT SEPTEMBER 30, 2025
(Un-audited) (Audited)
September 30, 2025 December 31, 2024
-------------- (Rupees in '000) -----------
ASSETS
Cash and balances with treasury banks 531,013,804 309,745,911
Balances with other banks 70,735,449 59,968,246
Lendings to financial institutions 139,355,737 18,492,483
Investments 8,818,515,414 5,886,894,503
Advances 1,103,393,866 1,443,481,944
Property and equipment 110,871,377 85,246,731
Right-of-use assets 29,703,543 9,896,084
Intangible assets 63,889,434 2,481,475
Deferred tax assets - -
Other assets 406,662,008 246,924,757
11,274,140,632 8,063,132,134
LIABILITIES
Bills payable 32,655,154 44,221,818
Borrowings 5,724,114,144 4,855,373,516
Deposits and other accounts 4,768,789,701 2,640,211,489
Lease liabilities 32,450,739 12,008,797
Subordinated debt 10,000,000 10,000,000
Deferred tax liabilities 79,656,081 38,959,061
Other liabilities 182,165,257 146,135,202
10,829,831,076 7,746,909,883
NET ASSETS 444,309,556 316,222,251
REPRESENTED BY:
Share capital 12,521,239 12,241,797
Reserves 136,117,024 114,734,831
Surplus on revaluation of assets 139,664,851 77,289,805
Unappropriated profit 156,006,442 111,955,818
444,309,556 316,222,251
CONTINGENCIES AND COMMITMENTS
ANNEXURE - A-2
UNCONSOLIDATED CONDENSED INTERIM PROFIT AND LOSS ACCOUNT (UN-AUDITED)
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025
July - September 2025 July - September 2024 January - September 2025 January - September 2024
----------------------------- (Rupees in '000)
----------------------------------
Mark-up / return / interest earned 297,224,588 310,741,852 861,218,417 825,895,798
Mark-up / return / interest expensed 205,250,937 259,148,402 593,822,518 720,664,403
Net mark-up / interest income 91,973,651 51,593,450 267,395,899 105,231,395
Non mark-up / interest income
Fee and commission income 6,754,687 5,844,125 21,259,706 15,893,508
Dividend income 298,810 266,556 1,732,330 1,189,692
Foreign exchange income 4,836,577 3,294,805 12,280,199 9,662,474
Loss from derivatives (1,313) (16,176) (1,255,891) (41,021)
Gain on securities - net 902,623 5,930,797 9,049,933 24,074,130
Capital gain on derecognition of financial assets measured at amortised cost - -
- 2,894,427
Other income 252,267 7,260,557 740,231 7,618,066
Total non mark-up / interest income 13,043,651 22,580,664 43,806,508 61,291,276
Total Income 105,017,302 74,174,114 311,202,407 166,522,671
Non mark-up / Interest expenses
Operating expenses 30,372,033 22,201,169 88,858,478 57,961,029
Workers' Welfare Fund 1,450,463 982,752 4,365,567 2,215,724
Other charges 43,321 155 45,815 32,966
Total non mark-up / interest expenses 31,865,817 23,184,076 93,269,860 60,209,719
Profit before credit loss allowance 73,151,485 50,990,038 217,932,547 106,312,952
(822,101) (4,711,348)
Credit loss allowance and write-offs - net 893,529 (1,473,236)
Profit before taxation 73,973,586 50,096,509 222,643,895 107,786,188
Taxation 39,270,818 24,556,195 124,150,535 52,800,301
Profit after taxation 34,702,768 25,540,314 98,493,360 54,985,887
------------------------------------- (Rupees)
---------------------------------------
Earnings per share - basic and diluted - Restated 13.86 10.43 39.55 22.46
ANNEXURE A-3 (1 of 2)
UNCONSOLIDATED CONDENSED INTERIM STATEMENET OF CHANGES IN EQUITY
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025
Share capital Share Premium Capital Reserve - Exchange Translation Statutory Surplus / (Deficit) on revaluation Unappropriated Profit Total
reserve
Investments Property and Equipment Non-banking Assets
---------------------------------------------------------------- (Rupees in
'000) ----------------------------------------------------------------
Balance as at January 01, 2024 - as restated 12,241,797 - 60,922,855 46,878,123 780,037 38,211,793 - 89,138,112 248,172,717
Total comprehensive income for the nine months ended September 30, 2024
Profit after taxation for the nine months ended September 30, 2024 - - - - - - - 54,985,887 54,985,887
Other comprehensive income - net of tax - - (1,441,633) - 51,676,969 5,457 - - 50,240,793
Total comprehensive income for the nine months ended September 30, 2024 - - (1,441,633) - 51,676,969 5,457 - 54,985,887 105,226,680
Transfer from surplus on revaluation upon disposal to unappropriated profit - - - - - - - - - -
net of tax
Transfer of incremental depreciation from surplus on revaluation of property - - - - - (43,869) - 43,869 -
and equipment to unappropriated profit - net of tax
Transfer of net loss on disposal of FVOCI equity investments from surplus to - - - - 64,182 - - (64,182) -
unappropriated profit - net of tax
Transfer to statutory reserve - - - 5,498,589 - - - (5,498,589) -
Transactions with owners, recorded directly in equity
Final cash dividend - December 31, 2023 declared subsequent to the year end at - - - - - - - (13,465,977) (13,465,977)
Rs. 11.0 per share
Interim cash dividend - March 31, 2024 declared at Rs. 11.0 per share - - - - - - - (13,465,977) (13,465,977)
Interim cash dividend - June 30, 2024 declared at Rs. 11.0 per share - - - - - - - (13,465,977) (13,465,977)
(40,397,931) (40,397,931)
Balance as at September 30, 2024 (Un-audited) 12,241,797 - 59,481,222 52,376,712 52,521,188 38,173,381 - 98,207,166 313,001,466
Total comprehensive income for three months ended December 31, 2024
Profit after taxation for the three months ended December 31, 2024 - - - - - - - 25,541,647 25,541,647
Other comprehensive income - net of tax - - 322,732 - (13,670,045) 313,782 1,146 4,177,500 (8,854,885)
Total comprehensive income for the three months ended December 31, 2024 - - 322,732 - (13,670,045) 313,782 1,146 29,719,147 16,686,762
Transfer from surplus on revaluation upon disposal to unappropriated profit - - - - - - - - - -
net of tax
Transfer of incremental depreciation from surplus on revaluation of property - - - - - (33,714) - 33,714 -
and equipment to unappropriated profit - net of tax
Transfer of net loss on disposal of FVOCI equity investments from surplus to - - - - (15,933) - - 15,933 -
unappropriated profit - net of tax
Transfer to statutory reserve - - 2,554,165 - - - (2,554,165) -
-
Continued on next page
ANNEXURE A-3 (2 of 2)
UNCONSOLIDATED CONDENSED INTERIM STATEMENET OF CHANGES IN EQUITY
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025
Share capital Share Premium Capital Reserve - Exchange Translation Statutory Surplus / (Deficit) on revaluation Unappropriated Profit Total
reserve
Investments Property and Equipment Non-banking Assets
---------------------------------------------------------------- (Rupees in
'000) ----------------------------------------------------------------
Transactions with owners, recorded directly in equity
Interim cash dividend - September 30, 2024 - - - - - - - (13,465,977) (13,465,977)
declared at Rs. 11.0 per share
Balance as at December 31, 2024 (Audited) 12,241,797 - 59,803,954 54,930,877 38,835,210 38,453,449 1,146 111,955,818 316,222,251
Effect of reclassification on adoption of IFRS 9 (net of tax) - - - - 1,355,745 - - - 1,355,745
Balance as at January 01, 2025 - as restated 12,241,797 - 59,803,954 54,930,877 40,190,955 38,453,449 1,146 111,955,818 317,577,996
Total comprehensive income for the nine months ended
September 30, 2025
Profit after taxation for the nine months ended September 30, 2025 - - - - - - - 98,493,360 98,493,360
Other comprehensive income - net of tax - - 1,059,096 - 63,699,225 - - - 64,758,321
Total comprehensive income for the nine months ended September 30, 2025 - - 1,059,096 - 63,699,225 - - 98,493,360 163,251,681
Transfer from surplus on revaluation upon disposal to unappropriated profit - - - - - - - - - -
net of tax
Transfer of incremental depreciation from surplus on revaluation of property - - - - - (52,082) - 52,082 -
and equipment to unappropriated profit - net of tax
Transfer of net loss on disposal of FVOCI equity investments from surplus to - - - - (2,627,840) - - 2,627,840 -
unappropriated profit - net of tax
Transfer to statutory reserve - - - 9,849,336 - - - (9,849,336) -
Shares issued under amalgamation 279,442 10,473,761 - - - - - - 10,753,203
Transactions with owners, recorded directly in equity
Final cash dividend - December 31, 2024 declared subsequent to the year end at - - - - - - - (13,465,977) (13,465,977)
Rs. 11.0 per share
Interim cash dividend - March 31, 2025 declared at Rs. 11.0 per share - - - - - - - (13,773,363) (13,773,363)
Interim cash dividend - June 30, 2025 declared at Rs. 8.0 per share - - - - - - - (20,033,982) (20,033,982)
- - - - - - - (47,273,322) (47,273,322)
Balance as at September 30, 2025 (Un-audited) 12,521,239 10,473,761 60,863,050 64,780,213 101,262,340 38,401,365 1,146 156,006,442 444,309,556
Continued on next page
ANNEXURE A-3 (2 of 2)
UNCONSOLIDATED CONDENSED INTERIM STATEMENET OF CHANGES IN EQUITY
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025
Share capital Share Premium Capital Reserve - Exchange Translation Statutory Surplus / (Deficit) on revaluation Unappropriated Profit Total
reserve
Investments Property and Equipment Non-banking Assets
---------------------------------------------------------------- (Rupees in
'000) ----------------------------------------------------------------
Transactions with owners, recorded directly in equity
Interim cash dividend - September 30, 2024 - - - - - - - (13,465,977) (13,465,977)
declared at Rs. 11.0 per share
Balance as at December 31, 2024 (Audited) 12,241,797 - 59,803,954 54,930,877 38,835,210 38,453,449 1,146 111,955,818 316,222,251
Effect of reclassification on adoption of IFRS 9 (net of tax) - - - - 1,355,745 - - - 1,355,745
Balance as at January 01, 2025 - as restated 12,241,797 - 59,803,954 54,930,877 40,190,955 38,453,449 1,146 111,955,818 317,577,996
Total comprehensive income for the nine months ended
September 30, 2025
Profit after taxation for the nine months ended September 30, 2025 - - - - - - - 98,493,360 98,493,360
Other comprehensive income - net of tax - - 1,059,096 - 63,699,225 - - - 64,758,321
Total comprehensive income for the nine months ended September 30, 2025 - - 1,059,096 - 63,699,225 - - 98,493,360 163,251,681
Transfer from surplus on revaluation upon disposal to unappropriated profit - - - - - - - - - -
net of tax
Transfer of incremental depreciation from surplus on revaluation of property - - - - - (52,082) - 52,082 -
and equipment to unappropriated profit - net of tax
Transfer of net loss on disposal of FVOCI equity investments from surplus to - - - - (2,627,840) - - 2,627,840 -
unappropriated profit - net of tax
Transfer to statutory reserve - - - 9,849,336 - - - (9,849,336) -
Shares issued under amalgamation 279,442 10,473,761 - - - - - - 10,753,203
Transactions with owners, recorded directly in equity
Final cash dividend - December 31, 2024 declared subsequent to the year end at - - - - - - - (13,465,977) (13,465,977)
Rs. 11.0 per share
Interim cash dividend - March 31, 2025 declared at Rs. 11.0 per share - - - - - - - (13,773,363) (13,773,363)
Interim cash dividend - June 30, 2025 declared at Rs. 8.0 per share - - - - - - - (20,033,982) (20,033,982)
- - - - - - - (47,273,322) (47,273,322)
Balance as at September 30, 2025 (Un-audited) 12,521,239 10,473,761 60,863,050 64,780,213 101,262,340 38,401,365 1,146 156,006,442 444,309,556
ANNEXURE A-4 (1 of 2)
UNCONSOLIDATED CONDENSED INTERIM CASH FLOW STATEMENT (UN-AUDITED)
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025
January - September 2025 January - September 2024
-------------- (Rupees in '000) --------------
CASH FLOW FROM OPERATING ACTIVITIES
Profit before taxation 222,643,895 107,786,188
Less: Dividend income 1,732,330 1,189,692
220,911,565 106,596,496
Adjustments:
Depreciation on property and equipment 6,528,435 4,053,854
Depreciation on Islamic financing against leased assets (Ijarah) 102,050 58,652
Depreciation on right-of-use assets 3,014,991 1,782,454
Depreciation on non-banking assets acquired in satisfaction of claims 29,853 2,420
Amortisation 833,959 716,175
Workers' Welfare Fund - charge 4,365,567 2,215,724
Provision for retirement benefits 1,364,137 1,145,073
Provision for compensated absences 109,575 119,882
Credit loss allowance against loans and advances - net (4,534,504) (1,142,648)
Credit loss allowance against off - balance sheet obligations - net 198,026 46,676
Credit loss allowance for diminution in value of investments - net 65,525 (250,046)
Interest expense on lease liability against right-of-use assets 2,452,502 1,077,013
Loss / (gain) on sale of Ijarah assets - net 234 (533)
Gain on sale of property and equipment - net (88,897) (148,042)
Gain on sale of subsidiary - (7,083,501)
Bad debts written-off directly 58,036 36,211
Unrealised gain on revaluation of investments classified as FVTPL (42,667) (261,073)
Credit loss allowance against other assets 45,220 (11,149)
Other credit loss allowance / write-offs 183,670 161,798
14,685,712 2,518,940
235,597,277 109,115,436
(Increase) / Decrease in operating assets
Lendings to financial institutions (120,863,254) 33,371,115
Securities classified as FVTPL (208,564,550) 2,936,771
Advances 345,360,053 (5,957,740)
Other assets (excluding advance taxation) (219,007,360) (34,308,513)
(203,075,111) (3,958,367)
Increase / (decrease) in operating liabilities
Bills payable (11,566,664) 2,187,803
Borrowings 868,740,628 1,488,484,808
Deposits and other accounts 2,128,578,212 487,455,205
Other liabilities 18,429,781 38,602,636
3,004,181,957 2,016,730,452
3,036,704,123 2,121,887,521
Receipts on account of staff retirement benefits 628,616 2,808,765
Income taxes paid (83,447,204) (43,115,580)
Net cash flow generated from operating activities 2,953,885,535 2,081,580,706
Continued on next page
January - September 2025 January - September 2024
-------------- (Rupees in '000) --------------
CASH FLOW FROM INVESTING ACTIVITIES
Net investments in securities classified as FVOCI (2,377,825,293) (1,991,646,143)
Net investments in amortized cost securities (213,820,407) 38,842,561
Net investments in subsidiaries - 1,855,222
Net investments in associates 9,910 -
Net cash inflow on amalgamation 15,198,229 -
Dividend income received 1,715,365 1,156,617
Proceeds realised on sale of subsidiary - 9,053,275
Investment in property and equipments and intangible assets (94,585,879) (17,988,176)
Sale proceeds from disposal of property and equipments 279,777 168,370
Sale proceeds from disposal of ijarah assets 10,360 27,645
Effect of translation of net investment in overseas branches 1,059,096 (1,441,633)
Net cash flow used in investing activities (2,667,958,842) (1,959,972,262)
CASH FLOW FROM FINANCING ACTIVITIES
Payment of lease liability against right-of-use assets (4,870,019) (2,693,923)
Payment of sub ordinated debt (1,998,400) -
Dividend paid (47,023,178) (40,399,075)
Net cash flow used in financing activities (53,891,597) (43,092,998)
Increase / (decrease) in cash and cash equivalents 232,035,096 78,515,446
Cash and cash equivalents at the beginning of the period 367,534,705 309,638,228
Effect of exchange rate changes on cash and cash equivalents 2,179,452 (1,607,260)
369,714,157 308,030,968
Cash and cash equivalents at the end of the period 601,749,253 386,546,414
ANNEXURE B-1
CONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION
AS AT SEPTEMBER 30, 2025
(Un-audited) (Audited)
September 30, 2025 December 31, 2024
----------------- (Rupees in '000) -----------------
ASSETS
Cash and balances with treasury banks 531,920,576 310,836,376
Balances with other banks 70,760,528 59,968,246
Lendings to financial institutions 139,355,737 18,492,483
Investments 8,823,130,334 5,889,765,841
Advances 1,103,393,866 1,443,481,944
Property and equipment 111,180,606 85,591,999
Right-of-use assets 30,058,715 10,231,121
Intangible assets 64,199,450 2,792,016
Deferred tax assets - -
Other assets 407,407,805 247,937,251
11,281,407,617 8,069,097,277
LIABILITIES
Bills payable 32,655,154 44,221,818
Borrowings 5,724,114,144 4,855,373,516
Deposits and other accounts 4,768,330,238 2,639,875,985
Lease liabilities 32,819,151 12,381,018
Subordinated debt 10,000,000 10,000,000
Deferred tax liabilities 79,926,990 39,311,263
Other liabilities 183,093,736 147,125,664
10,830,939,413 7,748,289,264
NET ASSETS 450,468,204 320,808,013
REPRESENTED BY:
Share capital 12,521,239 12,241,797
Reserves 136,117,024 114,734,831
Surplus on revaluation of assets 139,656,101 77,309,424
Unappropriated profit 162,107,278 116,472,051
Total equity attributable to the equity holders of the Bank 450,401,642 320,758,103
Non-controlling interest 66,562 49,910
450,468,204 320,808,013
CONTINGENCIES AND COMMITMENTS
ANNEXURE B-2
CONSOLIDATED CONDENSED INTERIM PROFIT AND LOSS ACCOUNT (UN-AUDITED)
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025
July - September 2025 July - September 2024 January - September 2025 January - September 2024
----------------------------- (Rupees in '000) -----------------------------
Mark-up / return / interest earned 297,235,579 310,757,603 861,251,119 825,931,552
Mark-up / return / interest expensed 205,251,701 259,143,899 593,838,387 720,569,733
Net mark-up / interest income 91,983,878 51,613,704 267,412,732 105,361,819
Non-mark-up / interest income
Fee and commission income 7,793,913 6,478,039 24,282,106 17,594,243
Dividend income 287,126 266,556 1,651,515 1,135,079
Foreign exchange income 5,027,596 3,438,925 12,875,535 9,866,476
Loss from derivatives (1,313) (16,176) (1,255,891) (41,021)
Gain on securities - net 902,623 5,930,797 9,049,933 24,074,130
Capital gain on derecognition of financial assets measured at amortised cost - - - 2,894,427
Other income 238,025 251,270 693,482 864,077
Total non-markup / interest income 14,247,970 16,349,411 47,296,680 56,387,411
Total income 106,231,848 67,963,115 314,709,412 161,749,230
Non-mark-up / interest expenses
Operating expenses 31,034,398 23,024,463 90,688,043 59,576,656
Workers' Welfare Fund 1,468,158 993,613 4,411,327 2,246,109
Other charges 45,124 155 47,618 32,966
Total non-mark-up / interest expenses 32,547,680 24,018,231 95,146,988 61,855,731
Share of profit / (loss) of associates 161,065 426,286 766,500 672,233
Profit before credit loss allowance from continuing operations 73,845,233 44,371,170 220,328,924 100,565,732
Credit loss allowance and write-offs - net (822,101) 893,528 (4,711,348) (1,473,236)
Profit before taxation from continuing operations 74,667,334 43,477,642 225,040,272 102,038,968
Taxation 39,304,932 24,747,107 124,945,657 53,249,350
Profit after taxation from continuing operations 35,362,402 18,730,535 100,094,615 48,789,618
Discontinued operation
(Loss) / gain from discontinued operation - net of tax - (409,151) - 938,610
35,362,402 18,321,384 100,094,615 49,728,228
Attributable to:
Equity holders of the Bank
from continuing operations 35,355,263 18,728,087 100,077,963 48,780,590
from discontinued operation - (409,151) - 332,118
35,355,263 18,318,936 100,077,963 49,112,708
Non-controlling interest
from continuing operations 7,139 2,448 16,652 9,028
from discontinued operation - - - 606,492
7,139 2,448 16,652 615,520
35,362,402 18,321,384 100,094,615 49,728,228
--------------------------------------- (Rupees)
---------------------------------------
Earnings per share for profit from continuing operations
attributable to the equity holders of the Bank
Basic and diluted 14.12 7.65 40.19 19.92
Earnings per share for profit attributable to the equity
holders of the Bank
Basic and diluted 14.12 7.48 40.19 20.06
ANNEXURE B-3 (1 of 2)
CONSOLIDATED CONDENSED INTERIM STATEMENET OF CHANGES IN EQUITY
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025
Share capital Share Premium Statutory Reserve Capital Reserve - Exchange Translation Surplus / (Deficit) on revaluation Unappropriated Profit Sub total Non-controlling interest Total
Investments Property and Equipment Non-banking Assets
---------------------------------------------------------------- (Rupees in
'000) ----------------------------------------------------------------
Balance as at January 01, 2024 - as restated 12,241,797 - 46,878,123 69,893,293 (192,993) 41,795,310 - 96,024,872 266,640,402 14,904,379 281,544,781
Total comprehensive income for the nine months ended September 30, 2024
Profit after taxation for the nine months ended September 30, 2024 - - - - - - - 49,112,708 49,112,708 615,520 49,728,228
Other comprehensive income - net of tax - - - (10,412,070) 52,129,808 (61,237) - - 41,656,501 112,491 41,768,992
Total comprehensive income for the nine months ended September 30, 2024 - - - (10,412,070) 52,129,808 (61,237) - 49,112,708 90,769,209 728,011 91,497,220
Transfer from surplus on revaluation upon disposal to unappropriated profit - - - - - - (22,930) - 22,930 - - -
net of tax
Transfer of incremental depreciation from revaluation of property and - - - - - (63,841) - 63,841 - - -
equipment to unappropriated profit - net of tax
Transfer of net loss on disposal of FVOCI equity investments from surplus to - - - - 61,377 - - (61,377) - - -
unappropriated profit - net of tax
Transfer to statutory reserve - - 5,498,589 - - - - (5,498,589) - - -
Derecognition of subsidiary - - - - 535,734 (3,492,963) - 2,957,229 - (15,590,116) (15,590,116)
Transactions with owners for the nine months ended September 30, 2024,
recorded directly in equity
Final cash dividend - December 31, 2023 declared subsequent to the year end at - - - - - - - (13,465,977) (13,465,977) - (13,465,977)
Rs. 11.0 per share
Interim cash dividend - March 31, 2024 declared at Rs. 11.0 per share - - - - - - - (13,465,977) (13,465,977) - (13,465,977)
Interim cash dividend - June 30, 2024 - - - - - - - (13,465,977) (13,465,977) - (13,465,977)
declared at Rs. 11.0 per share
- - - - - - - (40,397,931) (40,397,931) - (40,397,931)
Balance as at September 30, 2024 (Un-audited) 12,241,797 - 52,376,712 59,481,223 52,533,926 38,154,339 - 102,223,683 317,011,680 42,274 317,053,954
Total comprehensive income for the three months ended December 31, 2024
Profit after taxation for the three months ended December 31, 2024 - - - - - - - 26,043,145 26,043,145 6,071 26,049,216
Other comprehensive income - net of tax - - - 322,731 (13,665,969) 313,782 1,146 4,197,565 (8,830,745) 1,565 (8,829,180)
Total comprehensive income for the three months ended December 31, 2024 - - - 322,731 (13,665,969) 313,782 1,146 30,240,710 17,212,400 7,636 17,220,036
Transfer of incremental depreciation from revaluation of property and - - - - - (14,672) - 14,672 - - -
equipment to unappropriated profit - net of tax
Transfer of net gain on disposal of FVOCI equity investments from surplus to - - - - (13,128) - - 13,128 - - -
unappropriated profit - net of tax
Transfer to statutory reserve - - 2,554,165 - - - - (2,554,165) - - -
Continued on next page
ANNEXURE B-3 (2 of 2)
CONSOLIDATED CONDENSED INTERIM STATEMENET OF CHANGES IN EQUITY
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025
Share capital Share Premium Statutory Reserve Capital Reserve - Exchange Translation Surplus / (Deficit) on revaluation Unappropriated Profit Sub total Non-controlling interest Total
Investments Property and Equipment Non-banking Assets
---------------------------------------------------------------- (Rupees in
'000) ----------------------------------------------------------------
Transactions with owners for the three months ended December 31, 2024,
recorded directly in equity
Interim cash dividend - September 30, 2024 - - - - - - - (13,465,977) (13,465,977) - (13,465,977)
declared at Rs. 11.0 per share
Balance as at January 01, 2025 (Audited) 12,241,797 - 54,930,877 59,803,954 38,854,829 38,453,449 1,146 116,472,051 320,758,103 49,910 320,808,013
Effect of remeasurement on adoption of IFRS 9 (net of tax) - - - - 1,355,745 - - - 1,355,745 - 1,355,745
Balance as at January 01, 2025 - as restated 12,241,797 - 54,930,877 59,803,954 40,210,574 38,453,449 1,146 116,472,051 322,133,848 49,910 322,163,758
Total comprehensive income for the nine months ended September 30, 2025
Profit after taxation for the nine months ended September 30, 2025 - - - - - - - 100,077,963 100,077,963 16,652 100,094,615
Other comprehensive income - net of tax - - - 1,059,096 63,670,854 - - - 64,729,950 - 64,729,950
Total comprehensive income for the nine months ended September 30, 2025 - - - 1,059,096 63,670,854 - - 100,077,963 164,807,913 16,652 164,824,565
Transfer of incremental depreciation from revaluation of property and - - - - - (52,082) - 52,082 - - -
equipment to unappropriated profit - net of tax
Transfer of net loss on disposal of FVOCI equity investments from surplus to - - - - (2,627,840) - - 2,627,840 - - -
unappropriated profit - net of tax
Transfer to statutory reserve - - 9,849,336 - - - - (9,849,336) - - -
Shares issued under amalgamation 279,442 10,473,761 - - - - - - 10,753,203 - 10,753,203
Transactions with owners, recorded directly in equity
Final cash dividend - December 31, 2024 declared subsequent to the year end at - - - - - - - (13,465,977) (13,465,977) - (13,465,977)
Rs. 11.0 per share
Interim cash dividend - March 31, 2025 declared at Rs. 11.0 per share - - - - - - - (13,773,363) (13,773,363) - (13,773,363)
Interim cash dividend - June 30, 2025 declared at Rs. 8.0 per share - - - - - - - (20,033,982) (20,033,982) - (20,033,982)
- - - - - - - (47,273,322) (47,273,322) - (47,273,322)
Balance as at September 30, 2025 (Un-audited) 12,521,239 10,473,761 64,780,213 60,863,050 101,253,588 38,401,367 1,146 162,107,278 450,401,642 66,562 450,468,204
ANNEXURE B-4 (1 of 2)
CONSOLIDATED CONDENSED INTERIM CASH FLOW STATEMENT (UN-AUDITED)
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025
January - September 2025 January - September 2024
----------------- (Rupees in '000) -----------------
CASH FLOW FROM OPERATING ACTIVITIES
Profit before taxation including discontinued operations 225,040,272 103,711,492
Less: Dividend income 1,651,515 1,135,079
Less: Share of profit of associates 766,500 672,233
222,622,257 101,904,180
Adjustments:
Depreciation on property and equipment 6,602,878 4,097,614
Depreciation on Islamic financing against leased assets (ijarah) 102,050 58,652
Depreciation on right-of-use assets 3,074,120 1,820,179
Depreciation on non-banking assets acquired in satisfaction of claims 29,853 2,420
Amortisation 844,119 727,292
Workers' Welfare Fund - charge 4,411,327 2,246,109
Provision for retirement benefits 1,378,476 1,305,473
Provision for compensated absences 109,575 128,055
Credit loss allowance against loans and advances - net (4,534,504) (1,142,648)
Credit loss allowance against off - balance sheet obligations - net 198,026 46,676
Credit loss allowance for diminution in value of investments - net 65,525 (250,046)
Interest expense on lease liability against right-of-use assets 2,481,903 1,088,176
Loss / (gain) on sale of Ijarah assets - net 234 (533)
Gain on sale of property and equipments - net (89,048) (148,042)
Transfer of exchange translation reserve to profit and loss on derecognition - (8,706,711)
of subsidiary
Bad debts written-off directly 58,036 36,211
Unrealised gain on revaluation of investments classified as FVTPL (42,667) (261,073)
Credit loss allowance against other assets 45,220 (11,149)
Other credit loss allowance / write-offs 183,670 161,798
14,918,793 1,198,453
237,541,050 103,102,633
(Increase) / decrease in operating assets
Lendings to financial institutions (120,863,254) 37,356,267
Securities classified as FVTPL (208,564,550) 3,202,339
Advances 345,360,053 (55,502,873)
Other assets (excluding advance taxation) (215,587,050) (34,917,450)
(199,654,801) (49,861,717)
Increase / (decrease) in operating liabilities
Bills payable (11,566,664) 2,116,644
Borrowings 868,740,628 1,482,063,705
Deposits and other accounts 2,128,454,253 532,711,096
Other liabilities 18,115,688 38,459,758
3,003,743,905 2,055,351,203
3,041,630,154 2,108,592,119
(Payments) / receipts on account of staff retirement benefits 628,529 2,742,669
Income taxes paid (83,919,249) (43,778,709)
Net cash flow generated from operating activities 2,958,339,434 2,067,556,079
Continued on next page
ANNEXURE B-4 (2 of 2)
CONSOLIDATED CONDENSED INTERIM CASH FLOW STATEMENT (UN-AUDITED)
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025
January - September 2025 January - September 2024
----------------- (Rupees in '000) -----------------
CASH FLOW FROM INVESTING ACTIVITIES
Net investments in securities classified as FVOCI (2,380,475,512) (1,977,409,691)
Net investments in amortized cost securities (213,820,407) 38,842,560
Net investments in associates (1,752,858) (1,454,863)
Net cash inflow on amalgamation 15,198,229 -
Dividend income received 1,668,480 1,102,004
Proceeds realised on sale of subsidiary - 9,053,275
Investment in property and equipments and intangible assets (94,637,486) (18,154,200)
Sale proceeds from disposal of property and equipments 283,496 168,370
Sale proceeds from disposal of ijarah assets 27,645 27,645
Effect of translation of net investment in overseas branches 1,059,096 (1,924,494)
Net cash flow used in investing activities (2,672,449,317) (1,949,749,394)
CASH FLOW FROM FINANCING ACTIVITIES
Payment of lease liability against right-of-use assets (4,992,057) (2,755,882)
Payment of subordinated debt (1,998,400) -
Dividend paid (47,023,178) (40,399,075)
Net cash flow used in financing activities (54,013,635) (43,154,957)
Increase in cash and cash equivalents 231,876,482 74,651,728
Cash and cash equivalents at the beginning of the period 368,625,170 312,294,647
Effect of exchange rate changes on cash and cash equivalents 2,179,452 (1,508,516)
370,804,622 310,786,131
Cash and cash equivalents of subsidiary at disposal date - 1,796,950
Cash and cash equivalents at the end of the period 602,681,104 387,234,809
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END QRTGPGPWUUPAGGM
Copyright 2019 Regulatory News Service, all rights reservedRecent news on United Bank
See all newsREG - United Bank Limited - BOARD MEETING OTHER THAN FINANCIAL RESULTS
AnnouncementREG - United Bank Limited - 3rd Quarter Results
AnnouncementREG - United Bank Limited - BOARD MEETING OF UNITED BANK LIMITED (“UBL”)
AnnouncementREG - United Bank Limited - Corporate Briefing Session to PSX 2025
AnnouncementREG - United Bank Limited - Corporate Briefing Announcement to PSX 2025
Announcement