International Steels profit more than triples to Rs620m

October 27, 2025 (MLN): International Steels Limited (PSX: ISL) reported a profit after tax of Rs620.3 million for the year ended 2025, marking a remarkable 245.73% increase from Rs179.4m in the corresponding period last year.

Earnings per share (EPS) surged 248.78% to Rs1.43, compared to Rs0.41 in 2024, showing exceptional profitability growth.

The company's revenue from contracts with customers grew 55.07% year-on-year to Rs20.92 billion, up from Rs13.49bn, demonstrating robust sales performance during the period.

Meanwhile, cost of sales increased 47.53% to Rs18.57bn, leading to a gross profit of Rs2.35bn, up 160.04% from Rs904.9m last year. Gross margin improved significantly to 11.2%, compared to 6.7% in 2024.

Selling and distribution expenses surged 108.46% to Rs802.1m, while administrative expenses rose 14.16% to Rs129.9m. Total operating expenses climbed 86.95% to Rs931.9m, compared to Rs498.5m in the prior year.

Driven by higher gross margins and strong top-line growth, operating profit surged 249.69% to Rs1.42bn, compared to Rs406.5m in the previous year.

Finance costs declined 9.71% to Rs274.4m from Rs304.0m, while other expenses increased substantially by 327.04% to Rs180.8m. Other income fell sharply by 88.30% to Rs17.6m from Rs150.7m last year.

Consequently, profit before tax surged 366.63% to Rs983.8m from Rs210.8m in 2024.

The company incurred an income tax expense of Rs363.5m, up significantly by 1057.13%, bringing the net profit margin to 3.0%, compared to 1.3% in the corresponding period of 2024.

The annual performance highlights International Steels Limited's dramatically improved profitability on the back of strong revenue growth, enhanced operational efficiency, and sustained market demand in the steel sector.

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