Easypaisa digital bank, Pakistan’s first digital retail bank, has reported record first quarter 2026 financial results, with profit before tax reaching Rs3.66 billion for the three months ended March 31, 2026, representing a 4.4 times increase compared to the Rs840 million recorded in the same quarter of the previous year. Profit after tax came in at Rs1.49 billion with earnings per share of Rs2.47, while overall revenue rose 24 percent year-on-year, driven by broad-based growth across the bank’s digital product portfolio. The results mark a continuation of the sharp upward trajectory that the bank has maintained since transitioning from a mobile wallet to a fully licensed digital retail bank, with each successive quarter adding new layers of scale and profitability to what began as Pakistan’s most widely used payments application.
On the balance sheet, total assets grew to Rs217.6 billion as of March 31, 2026. Customer deposits recorded strong growth of 52 percent year-on-year, reaching Rs153.4 billion, with CASA and current account ratios remaining at 97.7 percent and 80.6 percent respectively. Total advances stood at Rs27.3 billion with an advances-to-deposit ratio of 17.8 percent, while asset quality remained strong with non-performing loans at 3.03 percent, fully covered by a coverage ratio of 164 percent. The bank maintained a capital adequacy ratio of 21.27 percent, well above regulatory requirements. The combination of a near-entirely current and savings account deposit base with a conservative advances-to-deposit ratio reflects the bank’s strategy of prioritising deposit mobilisation and fee-based revenue over aggressive lending, a model that has allowed it to build a structurally sound balance sheet while growing its user base at pace.
Easypaisa digital bank continued to expand its financial inclusion footprint, now serving over 22 million monthly active users, including 3 million new digital users added year-on-year. The 22 million monthly active user figure is particularly significant in the context of Pakistan’s digital banking landscape, where user acquisition at this scale is rare outside of the payments sector. For easypaisa, which sits at the intersection of mobile payments, digital banking, and financial inclusion, the monthly active user count reflects both the stickiness of its core payments product and the growing adoption of its newer banking features among users who have graduated from basic mobile money to more comprehensive digital financial services. Chief Financial Officer Amin Sukhiani said the results reflect the trust customers place in the bank, the strength of the team, and the power of the digital-first model, adding that the bank remains focused on sustainable growth, innovation, and delivering meaningful impact as it continues expanding access to banking for millions of Pakistanis. With the macroeconomic environment in Pakistan showing gradual stabilisation and interest rate conditions having normalised from the elevated levels of 2024, easypaisa is entering the remainder of 2026 with a balance sheet and user trajectory that positions it as one of the more consequential players in Pakistan’s evolving digital financial services market.
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