External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>Bank Alfalah (BAFL) announced its 2Q2026 result today, where the bank recorded consolidated earnings of Rs10.1bn (EPS of Rs3.22), up 27% YoY but down 8% QoQ.</li><li>Net Interest Income (NII) for 2Q2026 settled at Rs36bn, up 6% YoY and 5% QoQ, supported by volumetric expansion and higher interest rates.</li><li>We maintain our Buy stance on BAFL.</li></ul>

Bank Alfalah (BAFL) announced its 2Q2026 result today, where the bank recorded consolidated earnings of Rs10.1bn (EPS of Rs3.22), up 27% YoY but down 8% QoQ.Net Interest Income (NII) for 2Q2026 settled at Rs36bn, up 6% YoY and 5% QoQ, supported by volumetric expansion and higher interest rates.We maintain our Buy stance on BAFL.

Bank Alfalah (BAFL) – 2Q2026 EPS at Rs3.22, up 27% YoY (Higher Than Industry Expectations)