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Bank Alfalah’s 2-for-1 Share Split: Approval, Terms and 2025 Results

Bank Alfalah shareholders approved the 2-for-1 split in March 2026. Here are the terms, how shares change, and the bank’s 2025 financial results.
From TheFinanceBase Team3 min to read
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Bank Alfalah shareholders approved the bank’s 2-for-1 share split at the March 26, 2026 Annual General Meeting, according to the company’s April update. The split changes the number and face value of shares—not the value of an investor’s holding by itself. The bank had first recommended the split alongside its 2025 results on February 13, 2026.

What does Bank Alfalah’s 2-for-1 share split mean?

For each Bank Alfalah share held, a shareholder receives two shares. The face value per share is reduced from PKR 10 to PKR 5. The Pakistan Stock Exchange filing described the terms as a subdivision “from Rs.10/- per share to Rs.5/- per share, i.e. in the ratio of 02 shares for each 01 share held.” Bank Alfalah’s February 13, 2026 announcement said the board recommended the move to enhance share liquidity and accessibility; that is the company’s stated rationale, not a guaranteed result.

In a simple illustration, a shareholder with 100 shares would have 200 after the split. The face value represented by those shares remains PKR 1,000 in total: 100 × PKR 10 before, or 200 × PKR 5 after. A split is not a cash payment and does not, by itself, create economic value or guarantee a particular market-price change.

Did shareholders approve the split?

Yes. The February 13 announcement was a board recommendation, subject to shareholder approval. Bank Alfalah later reported that shareholders approved the split at the March 26, 2026 AGM. In an April 23 update, the company reported 3,154,330,238 issued and paid-up shares with a face value of PKR 5 each. The company’s updates therefore distinguish the original proposal from its subsequent approval and reported share count.

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What were Bank Alfalah’s 2025 financial results?

For the year ended December 31, 2025, Bank Alfalah reported profit after tax of PKR 28.34 billion and earnings per share (EPS) of PKR 17.97. The company’s February 2026 announcement compared 2025 EPS with PKR 24.30 in 2024. Those figures are from the bank’s annual-results announcement; take care when comparing EPS across periods because a share split changes the share count and can affect per-share figures depending on the reporting basis.

Measure Bank Alfalah’s reported figure Period or basis
Profit after tax PKR 28.34 billion Year ended December 31, 2025
Earnings per share PKR 17.97 2025; company announcement also cited PKR 24.30 for 2024
Deposit growth 16.8%, to PKR 2.49 trillion Year-on-year, at December 31, 2025
Capital adequacy ratio 15.87% As at December 31, 2025

These are company-reported figures, not a peer comparison or a forecast. The annual-results announcement and the formal exchange filing provide the issuer’s summary and filing details. Bank Alfalah’s announcement and its Pakistan Stock Exchange filing are the relevant primary sources.

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How does the dividend differ from the split?

The board separately recommended a final cash dividend of PKR 3 per share. Bank Alfalah said three earlier interim dividends plus the final recommendation brought the 2025 annual cash payout to PKR 10.50 per share. The final amount was a recommendation in the February announcement, whereas the split was a change in the number and denomination of shares; the two should not be confused. The bank’s announcement and PSX filing set out the dividend and split terms.

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What later results say—and what they do not

As separate, subsequent context, Bank Alfalah reported half-year 2026 profit after tax of PKR 21.32 billion and split-adjusted EPS of PKR 6.76 for the six months ended June 30, 2026. Those figures are not part of the 2025 annual results and should not be combined with them. The bank’s July 2026 half-year update is the source for that later period.

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The announcements establish the split’s terms, shareholder approval, and the bank’s reported financial figures. They do not establish a market reaction caused by the split, a future share price, or whether BAFL is suitable for any particular investor.

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