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

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

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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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