AKBL 9MCY26 profit accelerates 13%

October 22, 2026 (MLN): Askari Bank Limited (PSX: AKBL) reported a 13% surge in its consolidated net profit for the nine-month period ended September 30, 2026 (9MCY26), reaching Rs20.49bn compared to Rs18.20bn in the corresponding period last year.

Alongside the financial results, the board declared an interim cash dividend for the period of Rs2 per share.

Reflecting this bottom-line expansion, basic and diluted earnings per share (EPS) for the nine-month period expanded to Rs14.14, up from Rs12.56 in 9MCY25.

For the third quarter (Q3CY26) alone, net profit stood at Rs7.15bn (EPS of Rs4.93) compared to Rs7.50bn (EPS of Rs5.18) in Q3CY25.

The primary catalysts driving the nine-month performance were a 6% expansion in net mark-up income, a 48% surge in non-mark-up income, and significant credit loss provisions reversals. Gross mark-up/return earned grew 8% to Rs243.23bn.

After mark-up/return expensed of Rs173.61bn, net mark-up income settled at Rs69.62bn compared to Rs65.52bn in 9MCY25.

On the non-mark-up income front, foreign exchange income jumped 106% to Rs6.84bn (up from Rs3.32bn), gain on securities expanded 43% to Rs4.33bn, and fee and commission income rose 26% to Rs7.79bn.

Total non-mark-up income reached Rs20.17bn, driving total income up 13% to Rs89.80bn.

On the operational side, operating expenses expanded 39% to Rs47.47bn, bringing total non-mark-up expenses to Rs48.05bn.

Profit before credit loss allowance stood at Rs41.74bn. However, bottom-line momentum was supported by a net reversal of credit loss provisions of Rs1.80bn (compared to a charge of Rs808.18m in 9MCY25), keeping pre-tax profit steady at Rs43.54bn.

The bank absorbed a reduced corporate tax charge of Rs23.05bn for the period (down 9% from Rs25.40bn in 9MCY25).

Backed by strong foreign exchange earnings, expanded fee income, securities gains, and net provisioning reversals, Askari Bank Limited securely closed the nine-month period with its net profit reaching Rs20.49bn.

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