Last close · 16 Oct 2026
Rs 412.53 +0.45%
Annual · FY2006 – FY2025
United Bank Limited (UBL) cash flow statement
Operating activities generated Rs 2.60 tn of cash in FY2025 (Jan – Dec 2025). Capital expenditure was Rs 153.6 bn. Dividends paid to shareholders came to Rs 67.1 bn. Overall, cash increased by Rs 236.6 bn.
| Rs bn | FY2025 Jan – Dec 2025 | FY2024 Jan – Dec 2024 | FY2023 Jan – Dec 2023 | FY2022 * Jan – Dec 2022 | FY2021 Jan – Dec 2021 | FY2020 Jan – Dec 2020 | FY2019 Jan – Dec 2019 | FY2018 Jan – Dec 2018 | FY2017 Jan – Dec 2017 | FY2016 * Jan – Dec 2016 | FY2015 Jan – Dec 2015 | FY2014 * Jan – Dec 2014 | FY2013 * Jan – Dec 2013 | FY2012 * Jan – Dec 2012 | FY2011 Jan – Dec 2011 | FY2010 Jan – Dec 2010 | FY2009 * Jan – Dec 2009 | FY2008 * Jan – Dec 2008 | FY2007 Jan – Dec 2007 | FY2006 * Jan – Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | 2,603.9 | (473.8) | 821.8 | (103.3) | (103.6) | 408.4 | 237.7 | 5.0 | (56.8) | 95.8 | 172.8 | 27.7 | 130.0 | 74.3 | 99.3 | 95.6 | 35.1 | 16.0 | 31.1 | 5.7 |
| Capital expenditure | (153.6) | (16.6) | (8.9) | (6.5) | (3.8) | (3.1) | (4.2) | (5.1) | (6.8) | (6.4) | (3.8) | (3.1) | (3.0) | (3.8) | (2.4) | (2.4) | (1.6) | (3.2) | (2.3) | (1.6) |
| Net cash from investing activities | (3,966.9) | (1,440.3) | (2,865.8) | (21.1) | (287.2) | (358.0) | (56.9) | 270.9 | (207.9) | (93.9) | (225.5) | (47.9) | (79.7) | (68.0) | (87.3) | (84.2) | (17.9) | (11.3) | (50.5) | (7.4) |
| Dividends paid | (67.1) | (53.8) | (59.2) | (17.9) | (23.6) | (8.1) | (13.4) | (14.8) | (15.5) | (16.4) | (16.0) | (13.6) | (11.6) | (13.5) | (6.7) | (4.0) | (1.1) | (3.9) | (1.9) | (1.3) |
| Net cash from financing activities | 1,598.1 | 1,974.0 | 2,195.1 | (19.8) | 407.0 | (49.0) | (124.1) | (243.0) | 295.6 | 25.2 | 94.9 | (1.0) | (48.9) | 4.3 | (5.1) | 6.5 | (8.7) | (12.7) | 18.9 | 16.6 |
| Net change in cash | 236.6 | 58.4 | 175.2 | (120.9) | 16.2 | 1.4 | 56.7 | 33.0 | 30.9 | 24.3 | 43.9 | (24.6) | 5.4 | 13.9 | 8.8 | 18.5 | 10.9 | (3.9) | 0.2 | 15.6 |
| Rs mn | FY2025 Jan – Dec 2025 | FY2024 Jan – Dec 2024 | FY2023 Jan – Dec 2023 | FY2022 * Jan – Dec 2022 | FY2021 Jan – Dec 2021 | FY2020 Jan – Dec 2020 | FY2019 Jan – Dec 2019 | FY2018 Jan – Dec 2018 | FY2017 Jan – Dec 2017 | FY2016 * Jan – Dec 2016 | FY2015 Jan – Dec 2015 | FY2014 * Jan – Dec 2014 | FY2013 * Jan – Dec 2013 | FY2012 * Jan – Dec 2012 | FY2011 Jan – Dec 2011 | FY2010 Jan – Dec 2010 | FY2009 * Jan – Dec 2009 | FY2008 * Jan – Dec 2008 | FY2007 Jan – Dec 2007 | FY2006 * Jan – Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | — | -157.6% | — | — | -125.4% | +71.8% | +4,636.8% | — | -159.3% | -44.5% | +524.8% | -78.7% | +75.0% | -25.2% | +3.9% | +172.3% | +120.1% | -48.6% | +445.4% | — |
| Capital expenditure | +824.6% | +86.4% | +36.8% | +70.0% | +25.4% | -27.5% | -16.8% | -25.0% | +6.4% | +65.3% | +25.2% | +2.1% | -21.5% | +61.8% | -0.9% | +50.0% | -49.9% | +41.4% | +43.2% | — |
| Net cash from investing activities | — | — | — | — | — | — | -121.0% | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Dividends paid | +24.6% | -9.1% | +231.2% | -24.3% | +190.2% | -39.5% | -9.1% | -4.4% | -5.7% | +2.2% | +18.0% | +17.1% | -13.8% | +100.0% | +68.1% | +266.0% | -72.3% | +103.1% | +50.0% | — |
| Net cash from financing activities | -19.0% | -10.1% | — | -104.9% | — | — | — | -182.2% | +1,071.9% | -73.4% | — | — | -1,243.9% | — | -178.7% | — | — | -167.1% | +13.7% | — |
| Net change in cash | +305.4% | -66.7% | — | -846.5% | +1,063.1% | -97.5% | +71.7% | +6.7% | +27.5% | -44.7% | — | -553.3% | -61.0% | +58.4% | -52.4% | +69.2% | — | -2,509.5% | -99.0% | — |
Change against the previous fiscal year; shown when the earlier figure is positive.
Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. * Figures in this period do not fully reconcile in the source data (hover the * for details). Updated 15 Oct 2026.
All reported line items 61
| Rs bn | FY2025 Jan – Dec 2025 | FY2024 Jan – Dec 2024 | FY2023 Jan – Dec 2023 | FY2022 Jan – Dec 2022 | FY2021 Jan – Dec 2021 | FY2020 Jan – Dec 2020 | FY2019 Jan – Dec 2019 | FY2018 Jan – Dec 2018 | FY2017 Jan – Dec 2017 | FY2016 Jan – Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profit/(Loss) - Starting Line - Cash Flow | 291.1 | 145.0 | 110.6 | 68.5 | 52.1 | 34.4 | 34.8 | 25.4 | 40.9 | 47.2 |
| Non-cash Items & Reconciliation Adjustments - Cash Flow | 21.0 | (5.5) | (0.3) | 21.3 | 4.2 | 22.2 | 10.8 | 12.3 | 3.5 | 0.5 |
| Equity Income/(Loss) in Net Earnings - Cash Flow - to Reconcile | (1.0) | (0.9) | 1.0 | 0.7 | (0.3) | (0.5) | (0.8) | (0.7) | (0.5) | (1.1) |
| Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile | 6.7 | (9.4) | 2.0 | (4.1) | (0.8) | 0.2 | (0.8) | (2.6) | (1.4) | (2.3) |
| Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile | 20.1 | 9.4 | 7.9 | 6.8 | 5.9 | 5.4 | 5.6 | 3.0 | 2.6 | 2.3 |
| Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile | 14.2 | 8.4 | 6.9 | 5.9 | 5.0 | 4.6 | 4.9 | 2.5 | 2.2 | 1.9 |
| Amortization - Intangible Assets & Deferred Charges - Cash Flow - to Reconcile | 5.9 | 1.0 | 1.1 | 0.9 | 0.9 | 0.9 | 0.7 | 0.6 | 0.4 | 0.4 |
| Loan Loss Provision including Impairment - Increase/(Decrease) - Cash Flow | (4.1) | 11.3 | (4.7) | (2.8) | 1.3 | 16.3 | 4.5 | 10.8 | 2.1 | 0.7 |
| Impairment - Financial Fixed Assets - Operating - Cash Flow - to Reconcile | (0.4) | (15.7) | (6.0) | 20.8 | (1.8) | 0.8 | 2.4 | 1.8 | 0.7 | 0.9 |
| Assets Sale - Gain/(Loss) - Cash Flow - to Reconcile | (0.2) | (0.2) | (0.5) | (0.2) | (0.0) | (0.1) | (0.1) | (0.0) | (0.1) | (0.0) |
| Property, Plant & Equipment including Intangible Assets - Gain/(Loss) - Cash Flow | (0.2) | (0.2) | (0.5) | (0.2) | (0.0) | (0.1) | (0.1) | (0.0) | (0.1) | (0.0) |
| Financial Assets - Unrealized Gain/(Loss) - Cash Flow - to Reconcile | (0.3) | (0.0) | 0.1 | 0.0 | (0.0) | (0.0) | 0.0 | (0.0) | (0.0) | 0.0 |
| Income Taxes - Paid/(Reimbursed) - Cash Flow | 139.0 | 83.6 | 45.9 | 33.2 | 19.1 | 3.7 | 10.4 | 18.9 | 19.6 | 23.7 |
| Interest & Dividends - Received - Total - Cash Flow | 2.3 | 1.7 | 1.6 | 1.5 | 1.8 | 0.9 | 1.1 | 1.7 | 1.8 | 2.2 |
| Cash Flow from Operating Activities before Changes in Working Capital | 175.4 | 57.7 | 66.0 | 58.1 | 39.0 | 53.7 | 36.3 | 20.5 | 26.6 | 26.1 |
| Working Capital - Increase/(Decrease) - Cash Flow | 2,428.5 | (531.4) | 755.8 | (161.4) | (142.6) | 354.7 | 201.4 | (15.4) | (83.4) | 69.7 |
| Other Assets - Decrease/(Increase) - Cash Flow | (164.1) | (79.2) | (72.4) | (33.7) | (7.4) | 22.0 | 2.5 | (4.9) | (2.7) | 1.0 |
| Lending & Deposits - Due from Banks - Long-Term - Decrease/(Increase) - Cash Flow | (13.1) | 20.8 | 46.5 | (33.6) | (30.0) | (0.5) | 13.6 | (22.2) | (0.4) | (9.6) |
| Investment Securities - Decrease/(Increase) - Operating - Cash Flow | (42.6) | 55.0 | (51.5) | 47.3 | (71.8) | 68.1 | 30.4 | 3.5 | (96.7) | 3.7 |
| Loans - Customer - Decrease/(Increase) - Cash Flow | 78.0 | (582.8) | 228.7 | (327.7) | (156.2) | 66.4 | 54.9 | (100.3) | (107.1) | (50.7) |
| Other Liabilities - Increase/(Decrease) -Total - Cash Flow | 42.1 | 49.6 | 7.7 | 37.6 | 1.5 | (7.7) | (9.6) | 9.8 | 3.1 | (0.6) |
| Deposits - Increase/(Decrease) - Total - Cash Flow | 2,528.2 | 5.2 | 596.7 | 148.8 | 121.4 | 206.4 | 109.7 | 98.6 | 120.4 | 125.8 |
| Net Cash Flow from Operating Activities | 2,603.9 | (473.8) | 821.8 | (103.3) | (103.6) | 408.4 | 237.7 | 5.0 | (56.8) | 95.8 |
| Capital Expenditures - Net - Cash Flow | 153.3 | 16.2 | 6.8 | (1.9) | 3.6 | 2.4 | 3.6 | 4.9 | 6.6 | 6.1 |
| Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow | 153.3 | 16.2 | 6.8 | (1.9) | 3.6 | 2.4 | 2.8 | 3.6 | 6.2 | 6.1 |
| Property, Plant & Equipment - Purchased - Cash Flow | 153.6 | 16.6 | 8.9 | 6.5 | 3.8 | 3.1 | 3.4 | 3.8 | 6.4 | 6.4 |
| Property, Plant & Equipment Sold - Cash Flow | 0.4 | 0.4 | 2.1 | 8.4 | 0.2 | 0.7 | 0.6 | 0.2 | 0.2 | 0.3 |
| Intangible Assets - Purchased/(Sold) - Net - Total - Cash Flow | — | — | — | — | — | — | 0.9 | 1.3 | 0.4 | — |
| Intangible Assets - Purchased/Acquired - Cash Flow | — | — | — | — | — | — | 0.9 | 1.3 | 0.4 | — |
| Capital Expenditures - Total | 153.6 | 16.6 | 8.9 | 6.5 | 3.8 | 3.1 | 4.2 | 5.1 | 6.8 | 6.4 |
| Acquisition & Disposals of Business - Assets - Sold/(Acquired) - Net - Cash Flow | 15.2 | — | — | — | — | — | — | — | — | — |
| Investments excluding Loans - Decrease/(Increase) - Cash Flow | (3,828.1) | (1,412.9) | (2,883.3) | (36.2) | (286.1) | (358.2) | (60.1) | 263.6 | (208.2) | (89.7) |
| Investment Securities - Unclassified - Sold/(Purchased) - Net - Total - Cash Flow | (3,828.1) | (1,412.9) | (2,883.3) | (36.2) | (286.1) | (358.2) | (60.1) | 263.6 | (208.2) | (89.7) |
| Investment Securities - Purchased - Unclassified - Cash Flow | 3,828.1 | — | — | — | — | — | — | — | — | — |
| Investments - Associated Companies & Joint Ventures - Sold/(Purchased) - Cash Flow | (1.2) | (0.8) | 2.0 | 0.7 | (1.5) | (0.1) | 0.1 | (0.0) | 4.2 | 1.9 |
| Other Investing Cash Flow - Decrease/(Increase) | 0.5 | (10.3) | 22.3 | 12.4 | 4.1 | 2.7 | 6.8 | 12.2 | 2.7 | — |
| Net Cash Flow from Investing Activities | (3,966.9) | (1,440.3) | (2,865.8) | (21.1) | (287.2) | (358.0) | (56.9) | 270.9 | (207.9) | (93.9) |
| Dividends Paid - Cash - Total - Cash Flow | 67.1 | 53.8 | 59.2 | 17.9 | 23.6 | 8.1 | 13.4 | 14.8 | 15.5 | 16.4 |
| Dividends - Common - Cash Paid | 67.1 | 53.8 | 59.2 | 17.9 | 23.6 | 8.1 | 13.4 | 14.8 | 15.5 | 16.4 |
| Minority Interests & Joint Ventures - Net - Cash Flow | — | — | — | — | — | — | (0.0) | (0.0) | (0.1) | 0.0 |
| Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow | 1,665.2 | 2,027.9 | 2,254.3 | (1.9) | 430.6 | (40.8) | (110.7) | (228.2) | 311.2 | 41.6 |
| Debt - Issued/(Reduced) - Long-Term & Short-Term - Cash Flow | 1,674.6 | 2,031.5 | 2,257.7 | 1.1 | 433.3 | (38.6) | (109.5) | (237.2) | 311.2 | 41.6 |
| Debt - Issued/Reduced - Long-Term - Cash Flow | (9.5) | (3.6) | (3.3) | (3.0) | (2.7) | (2.2) | (1.2) | 9.0 | (0.0) | (0.0) |
| Lease liabilities - Issued/(Reduced) - Cash Flow | (7.5) | (3.6) | (3.3) | (3.0) | (2.7) | (2.2) | (2.2) | 0.0 | (0.0) | (0.0) |
| Debt - Issued - Long-Term - Cash Flow | — | — | — | — | — | — | 1.0 | 9.0 | 0.0 | — |
| Lease liabilities - Issued - Cash flow | — | — | — | — | — | — | 0.0 | 0.0 | — | — |
| Debt - Reduced - Long-Term - Cash Flow | 9.5 | 3.6 | 3.3 | 3.0 | 2.7 | 2.2 | 2.2 | — | 0.0 | — |
| Lease liabilities - Reduced - Cash flow represents cash outflow due to the repayment of lease liability/debt of the company. It includes finance leases, capitalized lease, and hire-purchase agreement. Applicable to all industries. If Lease liability issue | 7.5 | 3.6 | 3.3 | 3.0 | 2.7 | 2.2 | 2.2 | — | 0.0 | — |
| Net Cash Flow from Financing Activities | 1,598.1 | 1,974.0 | 2,195.1 | (19.8) | 407.0 | (49.0) | (124.1) | (243.0) | 295.6 | 25.2 |
| Foreign Exchange Effects - Cash Flow | 1.4 | (1.7) | 24.1 | 23.3 | — | — | — | — | — | (2.9) |
| Net Change in Cash - Total | 236.6 | 58.4 | 175.2 | (120.9) | 16.2 | 1.4 | 56.7 | 33.0 | 30.9 | 24.3 |
| Net Cash from Continuing Operations | 236.6 | 58.4 | 175.2 | (120.9) | 16.2 | 1.4 | 56.7 | 33.0 | 30.9 | 24.3 |
| Net Cash - Beginning Balance | 369.4 | 312.5 | 135.6 | 280.7 | 287.7 | 286.3 | 229.7 | 196.7 | 165.7 | 141.5 |
| Net Cash - Ending Balance | 606.0 | 370.8 | 310.8 | 159.7 | 303.9 | 287.7 | 286.3 | 229.7 | 196.7 | 165.7 |
| Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental | 139.0 | 83.6 | 45.9 | 33.2 | 19.1 | 3.7 | 10.4 | 18.9 | 19.6 | 23.7 |
| Interest & Dividends - Received - Cash Flow - Supplemental | 2.3 | 1.7 | 1.6 | 1.5 | 1.8 | 0.9 | 1.1 | 1.7 | 1.8 | 2.2 |
| CF from Optg Activities before Change in WC & Int Payments | 175.4 | 57.7 | 66.0 | 58.1 | 39.0 | 53.7 | 36.3 | 20.5 | 26.6 | 26.1 |
| Depreciation, Depletion & Amortization - Cash Flow | 20.1 | 9.4 | 7.9 | 6.8 | 5.9 | 5.4 | 5.6 | 3.0 | 2.6 | 2.3 |
| Free Cash Flow to Equity | 4,115.9 | 1,537.9 | 3,069.3 | (103.3) | 323.4 | 365.2 | 123.4 | (228.0) | 247.8 | 131.4 |
| Free Cash Flow Net of Dividends | 2,383.2 | (544.2) | 753.7 | (127.7) | (131.1) | 397.2 | 220.1 | (14.9) | (79.0) | 73.1 |
| Free Cash Flow | 2,450.3 | (490.4) | 812.9 | (109.8) | (107.5) | 405.3 | 233.5 | (0.1) | (63.6) | 89.5 |
Every line the company reported, in the original order and wording, without regrouping or signs changed. Latest 10 periods; the table above goes back further.