easypaisa Records 2.35-Fold Growth in Profit Before Tax, EPS Reaches PKR 12.31
PACRA Upgrades easypaisa’s Long-Term Rating to AA- on Strong Financial Performance
Islamabad – 2 November, 2026 (MT Team) : The Board of Directors of easypaisa digital bank approved the financial statements for the nine-month period ended September 30, 2026.
The Bank announced its financial performance, reporting a Profit Before Tax (PBT) of PKR 13.30 billion and Profit After Tax (PAT) of PKR 7.41 billion, representing a 2.35x increase in PBT over the corresponding period last year. Earnings per Share (EPS) stood at PKR 12.31, according to press note.
The growth was broad-based across the Bank’s core business streams, supported by an expanding customer base, rising transaction volumes, and continued investments in customer acquisition, talent, technology, and digital innovation.
Total revenue increased by 38.53% to PKR 46.67 billion year-on-year, reflecting strong momentum across lending, treasury and fee-based streams. Net markup income grew by 37.0%, supported by the expansion of the lending portfolio and treasury investments, underpinned by strong growth in customer deposits. Fee-based income increased by 40.63%, supported by higher revenues from payment services, including online payments, disbursements, collections and insurance products.
Non-markup expenses increased to PKR 32.80 billion, in line with revenue growth, reflecting investment in customer acquisition, engagement and merchant penetration, as well as risk-sharing costs from higher digital lending volumes. The cost-to-income ratio was 70.27%.
Customer deposits grew by 59.06% year-on-year to PKR 174.39 billion, while maintaining a strong deposit mix with a CASA ratio of 96.99% and a current account ratio of 79%. Net advances reached PKR 31.65 billion, resulting in an advances-to-deposit ratio of 18.15%. Asset quality remained healthy, with non-performing loans at 2.91% of gross advances and a coverage ratio of 165.07%.
The Bank remained adequately capitalised, with a capital adequacy ratio of 27.54% as of September 30, 2026, well above the regulatory requirement. Earlier this year, in July, the Pakistan Credit Rating Agency (PACRA) upgraded easypaisa’s long-term entity rating to “AA-” and maintained its short-term rating at “A1”, recognising the Bank’s strong financial performance, robust risk management, sound asset quality and improved capital position.
Commenting on the strong quarterly performance, Jahanzeb Khan, President & CEO, easypaisa digital bank, said, “These results demonstrate that our growth as a digital bank is translating into strong and sustainable financial performance. With an expanding customer base, growing deposits and increasing adoption of digital financial services, we are building a broader digital banking ecosystem that goes beyond payments. Our focus now is to deepen customer relationships through lending, savings, remittances and Islamic banking, while continuing to advance financial inclusion and Pakistan’s digital economy.”
easypaisa will continue to expand its digital ecosystem and lending portfolio and deepen customer engagement across foreign exchange, Islamic banking, credit cards, and remittance. The Bank remains committed to advancing financial inclusion and Pakistan’s digital and cashless economy agenda.
With over 60 million registered users and as the country’s first digital bank to commence commercial operations, easypaisa remains aligned with the State Bank of Pakistan’s vision of driving inclusive economic growth and continues to expand its range of financial products and services, catering not only to its existing users but also to millions who remain unbanked or underbanked.
