International Steels sees profit cut by more than 50% in FY25

MG News | August 20, 2025 at 10:30 AM GMT+05:00

0:00

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%

Copyright Mettis Link News

Related News

Unilever Pakistan's half-year sales rise 15%, profit drops to Rs3bn

PCAL sales up 11%, profitability hit with Rs280m loss

Name	Price/Vol	%Chg/NChg
KSE100	150,591.00 275.22M	0.55% 820.26
ALLSHR	92,682.89 664.49M	0.57% 527.10
KSE30	45,869.06 107.42M	0.28% 125.79
KMI30	213,241.71 131.90M	0.30% 635.18
KMIALLSHR	61,506.63 360.39M	0.23% 139.84
BKTi	43,025.76 73.51M	0.97% 413.44
OGTi	30,002.81 10.39M	-0.34% -101.64

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	113,970.00	114,240.00 112,765.00	735.00 0.65%
BRENT CRUDE	66.50	66.72 65.81	0.71 1.08%
RICHARDS BAY COAL MONTHLY	92.00	0.00 0.00	1.30 1.43%
ROTTERDAM COAL MONTHLY	100.25	0.00 0.00	0.00 0.00%
USD RBD PALM OLEIN	1,039.00	1,039.00 1,039.00	0.00 0.00%
CRUDE OIL - WTI	62.51	62.72 61.83	0.74 1.20%
SUGAR #11 WORLD	16.46	16.48 16.28	0.15 0.92%