easypaisa digital bank reported a 45.6 per cent year-on-year increase in profit before tax, reaching Rs5.65 billion for the nine months ended September 30, 2025, compared to Rs3.88 billion in the same period last year, the company said in a statement on Thursday.

The bank’s board of directors approved the financial results during a meeting, noting that growth in deposits and higher fee-based income from payment services were key drivers behind the improved performance. Tight cost controls also strengthened overall profitability.

Net markup income rose by 8.5 per cent, supported by continued growth in digital lending and low-cost deposits. Non-markup income surged by 44.6 per cent, mainly due to rising transaction volumes in the payments segment, including online payments, bundle products, commissions on disbursements and collections, and insurance sales.

Operating expenses increased modestly by 5.9 per cent as the bank continued to invest in technology, talent, and customer acquisition to sustain long-term growth. The cost-to-income ratio improved sharply from 80.3 per cent to 69.9 per cent, reflecting greater operational efficiency.

Customer deposits climbed to Rs109.6 billion, up 61.9 per cent from September 2024, underscoring growing customer confidence following easypaisa’s successful transition to a fully digital retail bank. Total advances stood at Rs26.14 billion, resulting in a loan-to-deposit ratio of 21.5 per cent.

The bank’s equity stood at Rs18.35 billion, while its Capital Adequacy Ratio (CAR) remained strong at 23.16 per cent, well above regulatory requirements.

easypaisa President and CEO Jahanzeb Khan said the results reflected “robust growth and the trust our customers have placed in us.”

“With a strong foundation in place, easypaisa is well-positioned to leverage our scale and brand to become the digital bank of choice for all Pakistanis,” Khan said.

Chief Financial Officer Amin Sukhiani said the 45 per cent growth in profitability underscored the effectiveness of the bank’s strategy and management team.