The Board of Directors of easypaisa Digital Bank approved the financial statements for the first nine months of 2026 yesterday. Consequently, easypaisa announced a massive Profit Before Tax of PKR 13.30 billion. This figure represents a staggering 2.35 times increase compared to the exact same period last year. Meanwhile, the Profit After Tax reached an impressive PKR 7.41 billion. Furthermore, Earnings per Share settled at a solid PKR 12.31.
Strong Revenue Growth Across Core Streams
This remarkable growth reflects a broad-based expansion across all core business streams. Total revenue jumped by 38.53% year-on-year to hit PKR 46.67 billion. Specifically, net markup income grew by 37.0%. A growing lending portfolio and strategic treasury investments primarily drove this markup growth. Additionally, fee-based income experienced a 40.63% surge. Higher revenues from payment services, online transactions, disbursements, collections, and insurance products heavily supported this fee-based increase.
However, non-markup expenses also rose to PKR 32.80 billion. This increase directly reflects heavy ongoing investments in customer acquisition, merchant penetration, and risk-sharing costs associated with digital lending. Ultimately, the cost-to-income ratio stood at 70.27%.
Massive Customer Deposit Expansion
Simultaneously, customer deposits skyrocketed by 59.06% year-on-year to reach PKR 174.39 billion. The bank maintained an exceptionally strong deposit mix along the way. Notably, the CASA ratio reached 96.99%, while the current account ratio held steady at 79%. Net advances also climbed to PKR 31.65 billion. Consequently, the advances-to-deposit ratio settled at 18.15%.
Moreover, asset quality remained extremely healthy. Non-performing loans accounted for just 2.91% of gross advances. Furthermore, the bank maintained a robust coverage ratio of 165.07%. The digital bank also remained adequately capitalized throughout the year. The capital adequacy ratio stood at 27.54% as of September 30, which sits well above the regulatory requirement. Earlier in July, the Pakistan Credit Rating Agency upgraded the long-term entity rating of the bank to “AA-” and maintained its short-term rating at “A1”.
| Financial Indicator | Value (Nine Months Ended Sept 2026) |
| Profit Before Tax (PBT) | PKR 13.30 billion |
| Profit After Tax (PAT) | PKR 7.41 billion |
| Total Revenue | PKR 46.67 billion |
| Customer Deposits | PKR 174.39 billion |
| Net Advances | PKR 31.65 billion |
| Non-Markup Expenses | PKR 32.80 billion |
| Earnings per Share (EPS) | PKR 12.31 |
| CASA Ratio | 96.99% |
| Capital Adequacy Ratio (CAR) | 27.54% |
| Advances-to-Deposit Ratio | 18.15% |
| Cost-to-Income Ratio | 70.27% |
| Non-Performing Loans (NPL) | 2.91% |
easypaisa Expanding the Digital Banking Ecosystem
Moving forward, the digital bank plans to build a broader ecosystem that goes far beyond basic payments. President and CEO Jahanzeb Khan stated that these results demonstrate sustainable financial performance. He emphasized that the bank will now focus on deepening customer relationships through lending, savings, remittances, and Islamic banking. Additionally, the company will continue expanding its footprint in foreign exchange and credit cards.
Currently, easypaisa operates as the first digital bank in Pakistan to commence commercial operations. The platform now boasts over 60 million registered users. Backed by telecom giant Telenor Group and open internet platform Ant Group, the bank continues to advance the digital and cashless economy agenda of Pakistan. Ultimately, the company remains completely aligned with the State Bank of Pakistan’s vision of driving inclusive economic growth for millions of unbanked citizens.
