UBL 9MCY26 profit rises 16% to Rs116bn, declares Rs8 dividend

Mettis Global reported that United Bank Limited (PSX: UBL) earned a profit after tax of Rs116.56bn in the nine months to September 30, 2026, up 16.45 per cent from Rs100.09bn a year earlier. Earnings per share climbed 15.80 per cent to Rs46.54. The bank also announced a cash payout of Rs8 per share for the third quarter, on top of the Rs16 per share interim dividend already paid.

The gains were driven mainly by non-markup income, which more than doubled to Rs98.14bn, led by a more than fivefold rise in gains on securities to Rs47.89bn. Net interest income rose 5.84 per cent to Rs283.02bn, while foreign exchange income climbed 67.84 per cent to Rs21.61bn. Operating expenses, however, jumped 52.48 per cent to Rs138.28bn, and a share of associates' loss of Rs172.69m partly offset the gains.

Mark-up income grew 18.46 per cent to Rs1.02tr, but interest expense rose faster at 24.15 per cent to Rs737.23bn. Tax charges edged up 0.60 per cent to Rs125.70bn, compared with Rs124.95bn a year earlier.