$UBL United Bank Limited (UBL): 3QCY25 EPS clocks-in at PKR 14.1; PAT up 93% YoY/ 24% QoQ – By Taurus Research
$UBL
United Bank Limited
Rs. 464.79
-2.02%
- 3QCY25 EPS: PKR 14.1. 3QCY25 PAT up 93%YoY. 9MCY25 EPS: PKR 40.2; 9MCY25 PAT up 1x over the SPLY – in line with expectations. Further, UBL also announced an interim cash dividend of PKR 8/sh., CYTD payout now stands at PKR 21.5/sh.
- Net Interest Income (NII): Up 78%YoY. However, only marginally on a sequential basis. The latter can be attributed to the drop in yields due to the re-pricing of investments mainly, which was offset to a large extent by a decline in the cost of funds.
- Non-Markup Income (NMI): Down 14%YoY/13%QoQ. Largely due to substantial decrease in QoQ capital gains (down 61%QoQ), followed by drop in fee income (down 13%QoQ) & dividend income (down 43%QoQ). However, income from foreign exchange activity posted a QoQ growth of 20%, arriving at over PKR 5Bn for the quarter.