United Bank (UBL) investor relations material

Executive summary

• 9M’26 standalone PBT rose 8% YoY to Rs 240.5bn; PAT was Rs 115.2bn and EPS Rs 46.00. Consolidated PAT reached Rs 116.6bn and EPS Rs 46.54.

• Gross revenue grew 21% YoY to Rs 376.9bn, led by net mark-up income and capital gains; higher operating expenses partly offset revenue growth.

Financial highlights

• Consolidated 9M’26 total income was Rs 381.2bn, comprising Rs 283.0bn net mark-up income and Rs 98.1bn non-mark-up income.

• Consolidated PBT was Rs 242.3bn, PAT Rs 116.6bn and EPS Rs 46.54, versus Rs 225.0bn, Rs 100.1bn and Rs 40.19 in 9M’25, respectively.

• Net securities gains were Rs 47.9bn; fee and commission income was Rs 26.2bn consolidated and Rs 22.8bn standalone.

• Consolidated operating expenses rose to Rs 138.3bn from Rs 90.7bn; standalone staff costs increased 49% YoY to Rs 52.6bn.

• Net credit loss allowance and write-offs were a Rs 4.46bn reversal, compared with a Rs 4.71bn reversal in 9M’25.

Outlook and guidance

• Priorities include growing domestic and overseas deposits, increasing focus on trade flows and fee income, and improving service across banking channels.

• Expanding conventional and Islamic branch networks supported stronger deposit market share, customer reach and revenues.

• Management cited operational resilience and sustainable growth amid the prolonged Middle East conflict, with remittances, a contained current-account deficit and strong reserves supporting macro conditions.