Easypaisa has announced record-breaking financial results for the first quarter of 2026, reporting a massive surge in profitability driven by strong revenue growth, expanding digital adoption, and improved asset quality.
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The digital bank posted a profit before tax (PBT) of PKR 3.66 billion for the quarter ended March 31, 2026 — a remarkable 4.4-times increase compared to PKR 0.84 billion during the same period last year. Profit after tax (PAT) stood at PKR 1.49 billion, while earnings per share (EPS) reached Rs. 2.47.
The strong quarterly performance further cements easypaisa’s position as Pakistan’s leading digital retail bank amid the country’s improving macroeconomic environment.
According to the bank, Pakistan’s economy showed signs of stabilization during Q1 2026, supported by the IMF Extended Fund Facility programme, bilateral financial inflows, and consecutive current account surpluses. The improving economic backdrop created favorable conditions for growth in digital banking and financial services.
Overall revenue increased by 24 percent year-on-year, fueled by strong expansion across lending, treasury operations, and payment services. Net markup income climbed 22 percent YoY, supported by growth in the lending portfolio and treasury books, while treasury income surged due to strong deposit mobilization.
Fee-based income also recorded a robust 27.1 percent increase, largely driven by payment services revenue, including OPS revenue and load and bundle income.
The bank’s profitability was further boosted by a sharp decline in provisioning expenses, reflecting lower default rates in its digital lending portfolio and improved recoveries from previously written-off loans.
Operating expenses rose 22 percent year-on-year as the bank continued investing aggressively in customer acquisition, merchant expansion, and digital ecosystem development.
Chief Executive Officer Jahanzeb Khan said the record performance reflected the bank’s strong momentum and growing customer trust.
He stated that easypaisa remained committed to simplifying and securing digital financial services while expanding financial access across Pakistan through innovation and inclusive banking solutions.
On the balance sheet side, total assets increased to PKR 217.6 billion as of March 31, 2026. Customer deposits grew an impressive 52 percent year-on-year to PKR 153.4 billion.
The bank maintained strong liquidity indicators, with CASA and current account ratios standing at 97.7 percent and 80.6 percent respectively.
Total advances reached PKR 27.3 billion, while the advances-to-deposit ratio stood at 17.8 percent. Asset quality also remained healthy, with non-performing loans above 90 days past due recorded at only 3.03 percent and fully covered by a coverage ratio of 164 percent.
The bank’s capital adequacy ratio (CAR) stood at 21.27 percent, significantly above regulatory requirements.
Chief Financial Officer Amin Sukhiani said the latest results reflected customer confidence, the strength of the bank’s digital-first model, and its commitment to sustainable growth and innovation.
easypaisa Digital Bank also expanded its financial inclusion footprint during the quarter, now serving more than 22 million monthly active users, including 3 million new digital users added over the past year.
The bank said it plans to continue accelerating growth through innovation, product expansion, and improved customer experiences as it strengthens its role in Pakistan’s rapidly evolving digital banking sector.
