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Commercial Banks

UBL United Bank Limited

Latest results: FY2025 · Dec 2025 Q3 FY2026 · Jul – Sep 2026

Last close · 16 Oct 2026

Rs 412.53 +0.45%

Quarterly · Q4 FY2021 – Q3 FY2026

United Bank Limited (UBL) quarterly cash flow statement

Operating activities generated Rs 657.3 bn of cash in Q3 FY2026 (Jul – Sep 2026), up 42.4% on Q3 FY2025. Capital expenditure was Rs 31.5 bn. Dividends paid to shareholders came to Rs 22.9 bn. Overall, cash decreased by Rs 55.3 bn.

UBL cash flow statement (quarterly) (Rs bn)
Rs bn TTM to Sep 2026 Q3 FY2026 Jul – Sep 2026 Q2 FY2026 Apr – Jun 2026 Q1 FY2026 Jan – Mar 2026 Q4 FY2025 Oct – Dec 2025 Q3 FY2025 Jul – Sep 2025 Q2 FY2025 Apr – Jun 2025 Q1 FY2025 Jan – Mar 2025 Q4 FY2024 Oct – Dec 2024 Q3 FY2024 Jul – Sep 2024 Q2 FY2024 Apr – Jun 2024 Q1 FY2024 Jan – Mar 2024 Q4 FY2023 Oct – Dec 2023 Q3 FY2023 Jul – Sep 2023 Q2 FY2023 Apr – Jun 2023 Q1 FY2023 * Jan – Mar 2023 Q4 FY2022 Oct – Dec 2022 Q3 FY2022 * Jul – Sep 2022 Q2 FY2022 Apr – Jun 2022 Q1 FY2022 Jan – Mar 2022 Q4 FY2021 Oct – Dec 2021
Net cash from operating activities 1,594.2 657.3 360.1 64.2 512.7 461.7 587.3 1,042.2 (1,060.4) (0.1) 391.7 195.0 257.2 3.1 20.1 544.8 (538.3) 212.0 214.9 8.1 (98.8)
Capital expenditure (134.7) (31.5) (27.9) (16.4) (59.0) (9.5) (16.8) (68.3) (0.0) (9.0) (7.2) (1.9) (2.5) (2.8) (1.8) (1.8) (1.6) (2.7) (1.8) (1.3) (0.4)
Net cash from investing activities (1,014.2) 1,879.7 (1,511.9) (89.3) (1,292.7) 7.0 (1,129.1) (1,552.1) 510.6 (225.5) (1,430.3) (295.1) (1,705.9) (733.8) (117.1) (312.5) 46.0 162.7 (516.8) 287.0 (6.1)
Dividends paid (80.0) (22.9) (26.1) (10.9) (20.1) (19.9) (20.5) (6.6) (13.4) (13.4) (20.3) (6.6) (13.4) (13.4) (32.4) (0.0) (2.5) (2.4) (7.3) (5.6) (4.7)
Net cash from financing activities (381.9) (2,591.2) 1,365.1 60.9 783.4 (370.1) 644.9 539.9 535.1 186.3 1,101.4 151.2 1,445.9 715.5 126.6 (92.9) 366.2 (361.0) 333.8 (358.8) 142.2
Net change in cash 193.9 (55.3) 212.2 34.5 2.5 97.0 105.8 31.3 (16.6) (37.4) 64.0 48.3 0.4 (14.8) 31.0 158.7 (126.2) 37.0 32.0 (63.8) 37.3
UBL cash flow statement — year-on-year change (Rs mn)
Rs mn Q3 FY2026 Jul – Sep 2026 Q2 FY2026 Apr – Jun 2026 Q1 FY2026 Jan – Mar 2026 Q4 FY2025 Oct – Dec 2025 Q3 FY2025 Jul – Sep 2025 Q2 FY2025 Apr – Jun 2025 Q1 FY2025 Jan – Mar 2025 Q4 FY2024 Oct – Dec 2024 Q3 FY2024 Jul – Sep 2024 Q2 FY2024 Apr – Jun 2024 Q1 FY2024 Jan – Mar 2024 Q4 FY2023 Oct – Dec 2023 Q3 FY2023 Jul – Sep 2023 Q2 FY2023 Apr – Jun 2023 Q1 FY2023 * Jan – Mar 2023 Q4 FY2022 Oct – Dec 2022 Q3 FY2022 * Jul – Sep 2022 Q2 FY2022 Apr – Jun 2022 Q1 FY2022 Jan – Mar 2022 Q4 FY2021 Oct – Dec 2021
Net cash from operating activities +42.4% -38.7% -93.8% — — +50.0% +434.4% -512.2% -103.3% +1,849.1% -64.2% — -98.5% -90.6% +6,613.0% — — +14.4% — -208.3%
Capital expenditure +230.7% +66.1% -76.0% +710,796.6% +5.5% +133.1% +3,438.0% -99.7% +218.6% +298.1% +10.3% +60.5% +6.2% +2.3% +39.8% +296.9% +83.5% +19.5% +97.0% —
Net cash from investing activities +26,769.2% — — -353.2% — — — — — — — -3,812.5% -550.9% — -208.9% — — — — —
Dividends paid +15.0% +27.7% +64.6% +49.4% +48.4% +0.6% -0.1% +0.1% +0.2% -37.2% +6,190,094.4% +430.1% +459.2% +341.5% -100.0% -46.7% -52.3% -47.0% +141,400.1% +115,163.9%
Net cash from financing activities — +111.7% -88.7% +46.4% -298.7% -41.5% +257.1% -63.0% -74.0% +770.1% — +294.8% — -62.1% — +157.5% -358.1% — -381.1% —
Net change in cash -157.0% +100.7% +10.3% — — +65.2% -35.2% -4,752.5% — +106.5% -69.6% — -140.1% -3.1% — -438.2% — -46.7% — +4.6%

Change against the same quarter a year earlier; shown when the earlier figure is positive.

Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. TTM = the latest four quarters added together. * Figures in this period do not fully reconcile in the source data (hover the * for details). Updated 17 Oct 2026.

All reported line items 58
UBL cash flow statement — all reported line items (Rs bn)
Rs bn Q3 FY2026 Jul – Sep 2026 Q2 FY2026 Apr – Jun 2026 Q1 FY2026 Jan – Mar 2026 Q4 FY2025 Oct – Dec 2025 Q3 FY2025 Jul – Sep 2025 Q2 FY2025 Apr – Jun 2025 Q1 FY2025 Jan – Mar 2025 Q4 FY2024 Oct – Dec 2024 Q3 FY2024 Jul – Sep 2024 Q2 FY2024 Apr – Jun 2024 Q1 FY2024 Jan – Mar 2024 Q4 FY2023 Oct – Dec 2023
Profit/(Loss) - Starting Line - Cash Flow 63.7 77.9 100.6 66.1 74.7 74.2 76.1 41.3 43.5 29.1 31.2 29.5
Non-cash Items & Reconciliation Adjustments - Cash Flow 13.2 1.6 10.4 7.9 7.0 3.4 2.8 (7.7) (4.6) 2.1 4.6 1.3
Equity Income/(Loss) in Net Earnings - Cash Flow - to Reconcile 0.0 (1.9) 2.0 (0.2) (0.2) (0.4) (0.2) (0.2) (0.4) (0.3) 0.0 0.2
Other Non-Cash Items & Reconciliation Adjustments - Cash Flow - to Reconcile 5.5 3.0 (0.5) (1.2) 4.0 1.5 2.4 (7.3) (7.1) 0.9 4.1 0.3
Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile 8.2 7.4 6.5 9.6 3.9 3.6 3.0 2.7 2.3 2.2 2.1 2.2
Depreciation & Depletion - Property, Plant & Equipment - Cash Flow - to Reconcile 6.3 5.4 4.7 4.5 3.7 3.4 2.7 2.5 2.1 2.0 1.9 1.9
Amortization - Intangible Assets & Deferred Charges - Cash Flow - to Reconcile 1.8 1.9 1.8 5.1 0.3 0.3 0.3 0.3 0.2 0.2 0.3 0.3
Loan Loss Provision including Impairment - Increase/(Decrease) - Cash Flow (2.3) (3.7) 1.6 0.4 (0.4) (1.1) (3.0) 12.4 0.9 (0.5) (1.6) (1.8)
Impairment - Property, Plant & Equipment including Intangible Assets - Cash Flow - to Reconcile 0.0 0.2 — — — — — — — — — —
Impairment - Financial Fixed Assets - Operating - Cash Flow - to Reconcile 0.6 (0.0) (1.3) (0.4) (0.4) (0.2) 0.6 (15.5) (0.0) (0.2) (0.1) 0.5
Assets Sale - Gain/(Loss) - Cash Flow - to Reconcile (0.0) (0.0) (0.0) (0.1) (0.0) (0.0) (0.1) (0.1) (0.1) (0.1) (0.0) (0.1)
Property, Plant & Equipment including Intangible Assets - Gain/(Loss) - Cash Flow (0.0) (0.0) (0.0) (0.1) (0.0) (0.0) (0.1) (0.1) (0.1) (0.1) (0.0) (0.1)
Financial Assets - Unrealized Gain/(Loss) - Cash Flow - to Reconcile 1.2 (3.2) 2.2 (0.2) 0.1 (0.1) 0.0 0.2 (0.1) (0.1) 0.0 0.1
Income Taxes - Paid/(Reimbursed) - Cash Flow 28.9 78.8 42.3 55.1 28.3 37.4 18.2 39.8 17.2 14.5 12.1 13.3
Interest & Dividends - Received - Total - Cash Flow 0.2 0.4 0.1 0.6 0.3 1.0 0.4 0.6 0.2 0.5 0.4 0.6
Cash Flow from Operating Activities before Changes in Working Capital 48.2 1.2 68.9 19.5 53.6 41.2 61.1 (5.5) 22.0 17.1 24.1 18.0
Working Capital - Increase/(Decrease) - Cash Flow 609.1 358.9 (4.7) 493.2 408.1 546.1 981.1 (1,054.9) (22.1) 374.6 170.9 239.2
Other Assets - Decrease/(Increase) - Cash Flow 34.5 (64.7) (5.6) 51.5 (42.2) (6.0) (167.4) (44.3) 0.1 (26.5) (8.5) 20.5
Lending & Deposits - Due from Banks - Long-Term - Decrease/(Increase) - Cash Flow (26.6) (1.2) 31.6 107.8 (48.6) (85.2) 13.0 (16.5) 13.9 (6.2) 29.7 189.3
Investment Securities - Decrease/(Increase) - Operating - Cash Flow 458.4 (377.2) (137.3) 166.0 42.6 (136.5) (114.7) 51.8 3.2 — — (61.8)
Loans - Customer - Decrease/(Increase) - Cash Flow (185.8) (43.8) (111.6) (267.3) (41.0) (131.7) 518.1 (527.3) 5.8 (68.2) 7.0 (24.4)
Other Liabilities - Increase/(Decrease) -Total - Cash Flow (46.4) 121.4 (7.2) 35.5 20.9 8.1 (22.5) 9.1 28.2 2.5 9.9 (24.8)
Deposits - Increase/(Decrease) - Total - Cash Flow 374.9 724.5 225.4 399.8 476.4 897.4 754.6 (527.6) (73.2) 473.0 132.9 140.3
Net Cash Flow from Operating Activities 657.3 360.1 64.2 512.7 461.7 587.3 1,042.2 (1,060.4) (0.1) 391.7 195.0 257.2
Capital Expenditures - Net - Cash Flow 31.5 27.5 16.1 58.9 9.4 16.8 68.2 (1.7) 8.9 7.1 1.9 2.4
Property, Plant & Equipment - Purchased/(Sold) - Net - Cash Flow 31.5 27.5 16.1 58.9 9.4 16.8 68.2 (1.7) 8.9 7.1 1.9 2.4
Property, Plant & Equipment - Purchased - Cash Flow 31.5 — 16.4 59.0 9.5 16.8 68.3 0.0 9.0 7.2 1.9 2.5
Property, Plant & Equipment Sold - Cash Flow 0.0 — 0.3 0.1 0.1 0.0 0.2 1.7 0.1 0.1 0.0 0.1
Capital Expenditures - Total 31.5 27.9 16.4 59.0 9.5 16.8 68.3 0.0 9.0 7.2 1.9 2.5
Acquisition & Disposals of Business - Assets - Sold/(Acquired) - Net - Cash Flow 0.0 0.0 0.0 0.0 0.0 0.0 15.2 (9.1) 9.1 — — —
Investments excluding Loans - Decrease/(Increase) - Cash Flow 1,911.7 (1,470.0) (78.4) (1,233.8) 18.2 (1,113.1) (1,499.4) 525.7 (225.1) (1,423.4) (290.1) (1,702.8)
Investment Securities - Unclassified - Sold/(Purchased) - Net - Total - Cash Flow 1,911.7 (1,470.0) (78.4) (1,233.8) 18.2 (1,113.1) (1,499.4) 525.7 (225.1) (1,423.4) (290.1) (1,702.8)
Investment Securities - Purchased - Unclassified - Cash Flow — — — 1,233.8 — — — — — — — —
Investments - Associated Companies & Joint Ventures - Sold/(Purchased) - Cash Flow 0.1 (13.7) 5.6 0.6 (0.6) (0.8) (0.4) 0.6 (0.3) 0.0 (1.2) 0.5
Other Investing Cash Flow - Decrease/(Increase) (0.6) (0.7) (0.5) (0.6) (1.1) 1.5 0.7 (8.4) (0.2) 0.2 (1.8) (1.2)
Net Cash Flow from Investing Activities 1,879.7 (1,511.9) (89.3) (1,292.7) 7.0 (1,129.1) (1,552.1) 510.6 (225.5) (1,430.3) (295.1) (1,705.9)
Dividends Paid - Cash - Total - Cash Flow 22.9 26.1 10.9 20.1 19.9 20.5 6.6 13.4 13.4 20.3 6.6 13.4
Dividends - Common - Cash Paid 22.9 26.1 10.9 20.1 19.9 20.5 6.6 13.4 13.4 20.3 6.6 13.4
Debt - Long-Term & Short-Term - Issuance/(Retirement) - Total - Cash Flow (2,568.3) 1,391.2 71.8 803.4 (350.1) 665.3 546.6 548.6 199.7 1,121.8 157.8 1,459.3
Debt - Issued/(Reduced) - Long-Term & Short-Term - Cash Flow (2,565.1) 1,394.3 74.8 805.9 (347.5) 668.1 548.1 549.4 200.7 1,122.6 158.7 1,460.1
Debt - Issued/Reduced - Long-Term - Cash Flow (3.1) (3.0) (3.0) (2.5) (2.6) (2.8) (1.5) (0.9) (1.0) (0.9) (0.9) (0.8)
Lease liabilities - Issued/(Reduced) - Cash Flow (3.1) (3.0) (3.0) (2.5) (1.6) (1.8) (1.5) (0.9) (1.0) (0.9) (0.9) (0.8)
Debt - Reduced - Long-Term - Cash Flow 3.1 3.0 3.0 2.5 2.6 2.8 1.5 0.9 1.0 0.9 0.9 0.8
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 3.1 3.0 3.0 2.5 1.6 1.8 1.5 0.9 1.0 0.9 0.9 0.8
Net Cash Flow from Financing Activities (2,591.2) 1,365.1 60.9 783.4 (370.1) 644.9 539.9 535.1 186.3 1,101.4 151.2 1,445.9
Non-Classified Cash Flows — — — — — — — (1.8) 1.8 — — —
Foreign Exchange Effects - Cash Flow (1.2) (1.1) (1.2) (0.8) (1.7) 2.6 1.2 (0.2) 0.1 1.2 (2.9) 3.1
Net Change in Cash - Total (55.3) 212.2 34.5 2.5 97.0 105.8 31.3 (16.6) (37.4) 64.0 48.3 0.4
Net Cash from Continuing Operations (55.3) 212.2 34.5 2.5 97.0 105.8 31.3 (14.8) (39.2) 64.0 48.3 0.4
Net Cash - Beginning Balance 856.2 642.8 607.2 603.5 505.7 398.3 369.6 387.4 424.6 360.7 313.6 310.4
Net Cash - Ending Balance 800.8 855.0 641.7 606.0 602.7 504.0 400.9 370.8 387.2 424.7 362.0 310.8
Income Taxes - Paid/(Reimbursed) - Cash Flow - Supplemental 28.9 78.8 42.3 55.1 28.3 37.4 18.2 39.8 17.2 14.5 12.1 13.3
Interest & Dividends - Received - Cash Flow - Supplemental 0.2 0.4 0.1 0.6 0.3 1.0 0.4 0.6 0.2 0.5 0.4 0.6
CF from Optg Activities before Change in WC & Int Payments 48.2 1.2 68.9 19.5 53.6 41.2 61.1 (5.5) 22.0 17.1 24.1 18.0
Depreciation, Depletion & Amortization - Cash Flow 8.2 7.2 6.5 9.6 3.9 3.6 3.0 2.7 2.3 2.2 2.1 2.2
Free Cash Flow to Equity (1,942.4) 1,723.8 119.8 1,257.2 102.2 1,235.9 1,520.6 (510.1) 190.7 1,506.3 350.9 1,714.1
Free Cash Flow Net of Dividends 602.9 306.0 36.9 433.6 432.3 550.1 967.3 (1,073.8) (22.6) 364.1 186.5 241.3
Free Cash Flow 625.8 332.2 47.8 453.7 452.2 570.5 973.9 (1,060.4) (9.1) 384.5 193.1 254.7

Every line the company reported, in the original order and wording, without regrouping or signs changed. Latest 12 periods; the table above goes back further.