International Steels sees profit cut by more than 50% in FY25
MG News | August 20, 2025 at 10:30 AM GMT+05:00
August 20,
2025 (MLN): International Steels Limited (PSX: ISL) reported a profit after tax
of Rs1.56 billion (EPS: Rs3.58) for the year ended June 30, 2025, down 57.3%
from Rs3.65bn (EPS: Rs8.4) in the previous year.
The company
has given a final dividend for the year at Rs2.5 per share.
The
company’s revenue fell by 10.11% to Rs62.31bn from Rs69.30bn in FY24, while the
cost of sales decreased by 6.20%.
As a
result, gross profit dropped by 37.7% to Rs5.34bn.
Selling and
distribution expenses declined by 25% to Rs1.57bn, while administrative
expenses inched down slightly by 2.8% to Rs459.3m.
Consequently,
the operating profit fell sharply by 44.8% to Rs3.32bn.
Finance
costs edged lower by 5.9% to Rs805.6m, while other expenses dropped by 37.8% to
Rs366.6m. Other income rose strongly by 94.1% to Rs258.9m, providing some
cushion.
The company
also recorded Rs44.9m as share of net income from associates.
Profit
before levies and income tax stood at Rs2.45bn which showed a 47.9% decline
from last year.
The company
incurred an income tax expense of Rs890.3m, compared to Rs819.6m in FY24, an
increase of 8.6%.
|
STATEMENT OF PROFIT OR
LOSS FOR THE YEAR ENDED JUNE 30, 2025 (Rs.000) |
|||
|
Description |
FY25 |
FY24 |
change% |
|
Revenue from contracts
with customers |
62,310,883 |
69,299,633 |
-10.1% |
|
Cost of sales |
(56,966,639) |
(60,726,441) |
-6.2% |
|
Gross Profit |
5,344,244 |
8,573,192 |
-37.7% |
|
Selling and distribution
expenses |
(1,567,016) |
(2,090,474) |
-25.0% |
|
Administrative expenses |
(459,335) |
(472,739) |
-2.8% |
|
Operating Profit |
3,317,893 |
6,009,979 |
-44.8% |
|
Finance cost |
(805,571) |
(856,088) |
-5.9% |
|
Other expenses |
(366,557) |
(588,930) |
-37.8% |
|
Other income |
258,923 |
133,384 |
94.1% |
|
Share of net income of
associate (equity method) |
44,921 |
– |
|
|
Profit Before Levies and
Income Tax |
2,449,609 |
4,698,345 |
-47.9% |
|
Levies |
– |
(223,913) |
|
|
Profit Before Income Tax |
2,449,609 |
4,474,432 |
-45.3% |
|
Income tax expense |
(890,348) |
(819,618) |
8.6% |
|
Profit for the Year |
1,559,261 |
3,654,814 |
-57.3% |
|
Earnings per share –
basic and diluted (Rupees) |
3.58 |
8.4 |
-57.4% |
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