Commercial Bank

UBL Financial Results

Full-year audited results and ratio analysis — see the full bank overview.

• Record PKR 130bn Profit
• EPS Rs 52.13

Written & reviewed by Dildar Hussain — 10+ years in Pakistani banking, BS Banking & Finance (NUML University) · Last Verified: 2026-09-02

UBL closed CY2025 with record annual profit and continued that momentum into 2026 — this page covers the audited results, EPS and dividend history, and the 2025 stock split that changes how you should read the per-share numbers. If you're here for UBL's live share price rather than its financial performance, that's covered further down.

UBL closed calendar year 2025 (CY25) with its highest-ever annual profit, a headline number that's easy to find — the harder part is what sits underneath it: how much of that growth came from core lending income versus one-off gains, and what it means for UBL's balance sheet strength. This page lays out the CY25 numbers as reported to the Pakistan Stock Exchange, alongside the H1 2026 update UBL has published since.

CY2025 Full-Year Highlights

Profit After Tax

Rs 130.0 billion

EPS (Consolidated)

Rs 52.13

YoY Profit Growth

72%

Annual Dividend

Rs 29.5/share

Shares Outstanding

2.50 billion

Live UBL share price data is best checked directly on the Pakistan Stock Exchange rather than a cached figure, since it moves throughout the trading session.

Where to Check UBL's Live Share Price

UBL also has Global Depository Receipts (GDRs) listed on the London Stock Exchange's Professional Securities Market. Valuation ratios (P/E, dividend yield) move with the live share price and are best checked directly on PSX or a brokerage app rather than a fixed number here. Looking for UBL Mutual Funds instead of UBL the stock? See the UBL Mutual Funds page.

CY2025 figures confirmed directly from UBL's audited Annual Report 2025 (unconsolidated and consolidated financial statements, authorised for issue by the Board on March 4, 2026). Standalone PBT was Rs 288.3 billion (+92% YoY) with standalone PAT of Rs 128.0 billion for 2025 (2024: Rs 80.5 billion) and standalone EPS of Rs 51.33 (2024: Rs 32.89). On a consolidated basis, PAT was Rs 130.0 billion (2024: Rs 75.8 billion) with consolidated EPS of Rs 52.13 (2024: Rs 30.70). Deposits closed the year at Rs 5,168.4 billion (2024: Rs 2,640.2 billion) and investments at Rs 9,951.1 billion (2024: Rs 5,886.9 billion), both per the audited unconsolidated statement of financial position.

How UBL's CY2025 Results Compare to the Sector

A record profit means more in context than in isolation. Here's where UBL's CY2025 numbers actually landed against Pakistan's other major listed banks:

Sector comparison figures (peer bank profit, deposit growth, and dividend-per-share rankings for CY2025) drawn from Pakistan Observer's banking-sector coverage, cross-checked against Topline Securities-sourced reporting on quarterly sector trends. These are peer figures for context, not UBL's own reported numbers — UBL's own CY2025 figures above remain sourced directly to its audited Annual Report.

A Material Corporate Action: 2-for-1 Share Split

Anyone comparing UBL's per-share numbers across 2024 and 2025 should know that the share itself changed shape mid-year. Following shareholder approval at an EOGM, UBL's board sub-divided the face value of its shares from Rs 10 to Rs 5 each, in a 2-for-1 split effective June 23, 2025. Shares outstanding doubled from 1.25 billion to 2.5 billion, while total paid-up capital was unaffected — only the per-share denomination changed. UBL's reported EPS and DPS figures for CY2025 (and the CY2024 comparatives shown alongside them) are already presented on this post-split share count, so the Rs 52.13 EPS and Rs 29.5 dividend per share above are on a like-for-like basis.

Stock split confirmed from PSX's official notice and UBL's EOGM notice of May 2025 (ubldigital.com), which set the Bank's authorized/paid-up capital at Rs 20 billion divided into 4 billion ordinary shares of Rs 5 each.

Q1 2026 Update

UBL's momentum continued into 2026: for the three months ended March 31, 2026, standalone profit before tax reached Rs 102.1 billion (+35% YoY), with profit after tax of Rs 49.0 billion (Q1 2025: Rs 35.6 billion) and standalone EPS of Rs 19.56 (Q1 2025: Rs 14.46). On a consolidated basis, Q1 2026 PAT was Rs 48.4 billion (Q1 2025: Rs 36.1 billion) with consolidated EPS of Rs 19.33 (Q1 2025: Rs 14.67). The Board declared an interim cash dividend of Rs 8 per share for the quarter. Gross revenues rose 42% YoY to Rs 141.6 billion, fee and commission income grew 21% YoY to Rs 7.8 billion, and deposits (unconsolidated) rose to Rs 5,394.4 billion from Rs 5,168.4 billion at end-CY2025. Consolidated CAR eased to 16.35% (Dec 2025: 20.97%) as the FVOCI debt-securities revaluation surplus unwound with market rates, while the CET-1 ratio stood at 15.35% (Dec 2025: 15.92%).

Q1 2026 (three months ended March 31, 2026) figures confirmed directly from UBL's un-audited Condensed Interim Financial Statements, authorised for issue by the Board on April 15, 2026.

H1 2026 Update

In its 262nd Board meeting held on July 22, 2026, UBL's Board of Directors declared a second interim cash dividend of Rs 8 per share (160%) for the quarter ended June 30, 2026 — in addition to the Rs 8 per share already paid for Q1 2026, taking cumulative interim dividends for the first half of 2026 to Rs 16 per share. Full unconsolidated and consolidated financial statements for H1 2026 have not yet been published as of this update; UBL's PSX notification of the Board meeting also disclosed several material corporate actions alongside the results.

The Board approved, subject to regulatory and (where applicable) shareholder approval: (1) the establishment of a new majority-owned subsidiary with a PKR 8 billion UBL investment, aimed at providing technology-enabled agricultural advisory and research services to strengthen Pakistan's agriculture sector; (2) a further equity investment of up to PKR 22 billion in Khushhali Microfinance Bank Limited (KMBL), an associated company that reported negative equity of Rs 16.15 billion as at December 31, 2025, potentially increasing UBL's shareholding in KMBL from its current ~27.8% toward up to 100%, subject to shareholder approval under Section 199 of the Companies Act, 2017; and (3) the establishment of a university as a not-for-profit institution, with a PKR 10 billion UBL contribution over three to five years, in partnership with Bestway Foundation (see UBL CSR & Sustainability for more). Separately, Mr. Shoukat Ali was appointed Company Secretary of UBL with immediate effect.

H1 2026 dividend and corporate-action disclosures confirmed from UBL's official PSX notification "Financial Results for the 2nd Quarter Ended 30 June 2026" (UBL/BOD-262/PSX/Results/26), dated July 22, 2026 and signed by the Company Secretary. Full H1 2026 audited/reviewed financial statements were not yet available at the time of this update; this section will be revised once they are filed.

Why the Swing in Profit Composition Matters

The headline profit figure looks straightforwardly strong, but its composition shifted meaningfully in CY2025 — net interest income roughly doubled while non-funded income (largely securities gains) fell 25%. That's a healthier mix for sustainability than a bank whose profit depends on one-off trading gains, though it also means UBL's results are more sensitive to interest-rate cycles going forward.

FAQs

Good For

• Investors tracking UBL's quarterly and annual profit trend
• Understanding how the 2025 stock split affects EPS/DPS comparisons
• Checking UBL's cost-to-income ratio and deposit growth
• Comparing CY2025 results against the H1 2026 update
• Seeing how UBL's results stack up against HBL, MCB, and NBP for the same year

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