KARACHI: United Bank Limited (UBL), one of Pakistan’s largest commercial banks, has announced a consolidated profit after tax of Rs35.36 billion for the quarter ended September 30, 2025 — an 89% year-on-year increase compared to Rs18.73 billion in the same period last year, according to the bank’s financial results submitted to the Pakistan Stock Exchange (PSX) on Wednesday.
Earnings per share (EPS) for the quarter rose to Rs14.12, up from Rs7.65 reported in Q3 2024.
The bank also declared an interim cash dividend of Rs8 per share (160%) for the quarter, in addition to the earlier interim dividend of Rs13.5 per share (270%) paid during the year.
UBL’s net markup/interest income surged to Rs91.98 billion during Q3 2025, compared to Rs51.61 billion in the same quarter of 2024 — reflecting improved spreads and higher returns on earning assets.
Meanwhile, the bank’s non-markup income declined 13% year-on-year to Rs14.25 billion, down from Rs16.35 billion, mainly due to reduced foreign exchange income.
Total income for the quarter stood at Rs106.23 billion, marking a 56% increase from Rs67.96 billion in Q3 2024.
On the cost side, operating expenses rose by 35% to Rs31.03 billion, up from Rs23.02 billion last year, while the workers’ welfare fund increased to Rs1.47 billion from Rs993 million.
As a result, profit before tax grew to Rs74.67 billion, compared to Rs43.48 billion a year earlier.
During the quarter, UBL paid Rs39.3 billion in taxes, up 59% from Rs24.75 billion in the corresponding period last year.
Earlier this year, UBL had reported a 124% year-on-year jump in profit to Rs36.11 billion in the first quarter of 2025.
