KARACHI: Bank Alfalah Limited has announced its financial results for the quarter and half year ended June 30, 2026, reporting a solid improvement in profitability while declaring a second interim cash dividend for its shareholders.
According to the financial results approved by the bank’s Board of Directors on July 30, 2026, Bank Alfalah has declared a second interim cash dividend of Rs1.50 per share (30%) for the quarter ended June 30, 2026. This is in addition to the first interim dividend of Rs1.50 per share already paid, taking the cumulative cash payout for the first half of 2026 to Rs3.00 per share (60%). The board did not recommend any bonus shares or right shares.
On the financial front, the bank posted an unconsolidated profit after tax of Rs21.33 billion for the six months ended June 30, 2026, compared with Rs15.27 billion in the corresponding period last year. Earnings per share (EPS) increased to Rs6.76, up from Rs4.84 a year earlier.
For the second quarter alone, Bank Alfalah earned Rs10.20 billion, translating into quarterly earnings per share of Rs3.23, compared with a profit of Rs8.23 billion and EPS of Rs2.61 in the same quarter of 2025.
The bank’s performance was supported by a rise in total income, which reached Rs106.14 billion during the first half of 2026, compared with Rs91.64 billion in the corresponding period last year. Net mark-up income also improved to Rs70.80 billion, reflecting continued strength in core banking operations despite changing market conditions. Non-mark-up income increased significantly, aided by higher gains on securities and foreign exchange income.
Operating expenses rose to Rs60.47 billion during the six-month period, compared with Rs55.98 billion in the same period last year. However, profitability remained strong as the bank also recorded a net reversal of credit loss provisions during the period, further supporting earnings growth.
Bank Alfalah’s financial position also strengthened during the period, with total assets increasing to approximately Rs4.02 trillion as of June 30, 2026, while net assets stood at Rs194.25 billion. The bank’s unappropriated profit increased to Rs107.94 billion, reflecting healthy retained earnings.
The share transfer books will remain closed from August 13 to August 16, 2026 (both days inclusive) for the purpose of determining shareholders eligible to receive the second interim cash dividend. Transfers received by the close of business on August 12, 2026 will qualify for the dividend entitlement.
