United Finance reports 6% increase in net profit for H1 2025
United Finance PLC has reported a 6% increase in net profit for the first half of 2025 compared to the same period last year, highlighting the company's continued financial resilience and disciplined execution.
The results were formally approved during the company's 234th Board Meeting, held at its Corporate Head Office.
The second quarter was a standout period, with net profit soaring by 360% compared to Q1 2025, driven by operational prudence and strategic realignment. Earnings per share increased to BDT 0.17, up from BDT 0.16 in the previous year.
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As of June 2025, the company's gross assets stood at BDT 26,634 million, reflecting a stable balance sheet. The previously reported Non-Performing Loan (NPL) ratio of 4.98% for 2024 remains one of the lowest in the industry, a testament to the quality of United Finance's portfolio and its robust risk management practices.
Managing Director, Mr Mohammad Rafiqul Islam, commented: "Despite external challenges, United Finance continues to make steady progress with a strong commitment to governance and internal control. While our portfolio slightly contracted since December 2024, our prudent operations have resulted in both year-on-year and quarter-on-quarter profit growth. We are optimistic about achieving a strong performance in 2025, supported by our renewed strategy and purpose-driven vision."
The meeting, chaired by Board Chairman Mr Najmul Hasan, also approved the half-year financials and other business proposals.
The Board Directors in attendance included Mr Moinuddin Hasan Rashid, Ms. Mahenoor Sultana Rashid, Mr. Kayes Khalil Khan, Mr. Kutubuddin Akhter Rashid, and Mr Khondaker Zayed Ahsan. Independent Directors Professor Dr Mohammad Omar Farooq, Mr Jahidur Rahman, and Professor Dr Mahfuzul Hoque were also present, along with Managing Director Mr Mohammad Rafiqul Islam, Deputy Managing Director Mr Mohammed Abul Ahsan, Chief Financial Officer Mr Lingkon Mondol, and Acting Company Secretary Ms Labiba Mahjabin.
