📈 Cargills Bank 1H 2026 Profit After Tax Reaches Rs. 181 Mn

• Core Financial Highlights: • Profit Before Tax (PBT) stood at Rs. 362 Mn, down 22% YoY, primarily due to an 89% drop in total other income to Rs. 55 Mn. • Net Interest Income grew 20% YoY to Rs. 2,207 Mn, supported by expansion in Net Interest Margin (NIM) to 4.64% (up from 4.38% at end-2025). • Net fee & commission income rose 17% YoY to Rs. 516 Mn (up by Rs. 76 Mn), driven by trade, cards, and deposits. • Total Comprehensive Income saw a 122% recovery, turning positive to Rs. 43.2 Mn. • Segment Performance: • Core banking segment PBT surged to Rs. 306 Mn (vs. a Rs. 27 Mn loss in 1H 2025), propelled by a 42% increase in segment net interest income to Rs. 2,055 Mn. • Treasury & investments PBT fell to Rs. 56 Mn (vs. Rs. 491 Mn in 1H 2025) amid lower realized capital gains. • Asset Quality & Operations: • Total impairment charges fell by Rs. 80 Mn to Rs. 100 Mn. • Gross Stage 3 ratio improved to 11.30% (vs. 12.00% at end-2025). • Operating expenses rose 11% to Rs. 2,039 Mn, lifting the Cost-to-Income Ratio to 73.43% due to IT upgrades and talent retention costs in the ICT/BPM and banking infrastructure space. • Balance Sheet & Growth: • Total assets expanded 14% YTD (24% YoY) to Rs. 104.7 Bn. • Net loans grew 15% YTD to Rs. 72.3 Bn, while customer deposits rose 18% YTD to Rs. 77.9 Bn. • Enhanced capital base following a successful Rs. 2.5 Bn Rights Issue, maintaining a Total Capital Ratio of 17.66%.