HBL reported a record pre-tax profit of Rs 148.1 billion for the year ended December 31, 2025, reflecting a 23% increase over 2024. The bank’s profit after tax rose by 16% to Rs 66.8 billion, while earnings per share reached Rs 45.48, compared to Rs 39.85 in 2024. In addition to interim cash dividends already paid at Rs 14.00 per share, the bank declared a final cash dividend of Rs 6.00 per share for the year, amounting to a total payout of 200% for 2025.
HBL’s balance sheet expanded by 27% to Rs 7.7 trillion, with total deposits reaching a record Rs 5.5 trillion, a Rs 1.2 trillion increase from the previous year. Domestic deposits grew 30% to Rs 4.7 trillion, boosting the bank’s market share from 12.06% to 12.65%. Total advances stood at Rs 2.1 trillion, supported by growth in consumer and agriculture lending portfolios, which reached Rs 177 billion and over Rs 100 billion respectively.
Despite a 250 basis point reduction in the SBP’s policy rate, HBL’s net interest income rose 12% to Rs 276 billion, aided by a 19% volumetric expansion in the domestic balance sheet and an improved current account mix that lowered deposit costs. Non-fund income of Rs 86 billion was driven primarily by treasury operations, while fee income of Rs 47 billion benefited from the bank’s cards, retail banking, and Bancassurance businesses. Total revenue reached Rs 361 billion.
Cost management efforts limited administrative expense growth to 4%, improving the cost-to-income ratio to 55.6%. Strong recoveries helped contain non-performing loans, and advances growth contributed to an improved infection ratio of 4.6%. HBL’s capital adequacy ratio rose from 17.7% to 18.32%, remaining well above regulatory requirements.
Muhammad Nassir Salim, President and CEO of HBL, highlighted the bank’s focus on “Scale with Profitability,” emphasizing sustainable growth, client-centric operations, and operational efficiency as core priorities for 2025.
HBL strengthened its SME portfolio, with retail lending surpassing Rs 155 billion and the establishment of 17 SME Trade Centers nationwide, providing advisory and trade support to businesses. Agriculture lending remained a priority, with an active portfolio exceeding Rs 62 billion and new disbursements of Rs 14 billion. HBL Zarai expanded into Sindh, increasing geographic coverage and distribution through Zarai Dost Shops.
Digital banking platforms also posted strong growth, with HBL Symphony volumes reaching Rs 3.94 trillion and HBL Infinity processing USD 2.6 billion. Cash management throughput rose 23% to Rs 24 trillion, and the HBL Pay Business Banking platform was upgraded, serving over 4.5 million unique customers monthly for financial and non-financial services.
HBL continued thought leadership with the launch of the HBL S&P Global PMI series for Pakistan in collaboration with S&P Global. The bank’s social and community initiatives through HBL Foundation allocated Rs 889 million across healthcare, education, sports, humanitarian aid, and cultural preservation.
The bank also completed a brand refresh in February 2026, combining heritage with modern design, and renewed its title sponsorship of HBLPSL for 2026 and 2027, extending its association with Pakistan’s premier cricket league to twelve years. HBL received 30 industry accolades in 2025, including Best Bank in Pakistan, Pakistan’s Best Investment Bank, and Most Inclusive Organization in Pakistan, reinforcing its leadership and market prominence.
Follow the PakBanker Whatsapp Channel for updates across Pakistan’s banking ecosystem.