Ismail Industries reports around 25% decline in profit

MG News | August 29, 2025 at 04:19 PM GMT+05:00

0:00

August 29, 2025 (MLN): Ismail Industries Limited (PSX: ISIL) has disclosed its financial results for the year ended June 30, 2025, posting a profit after tax of Rs3.7 billion, down 24.60% compared to Rs4.9bn in the previous year.

The Company has declared a final cash dividend of 50% (Rs. 5 per share) on its ordinary shares.

The company recorded sales of Rs140.07bn, up 6.65% from Rs131.33bn last year.

However, sales returns, discounts and direct expenses rose 21.82% to Rs3.7bn, while export rebate increased by 181.99% to Rs54.2m.

After accounting for sales tax of Rs13.85bn, net sales stood at Rs122.57bn, reflecting a 4.79% rise over Rs116.97bn in 2024.

Cost of sales increased 7.32% to Rs99.43bn, dragging gross profit down 4.86% to Rs23.14bn from Rs24.32bn.

Selling and distribution expenses climbed 11.38% to Rs9.94bn, while administrative expenses grew 5.11% to Rs2.08bn.

As a result, operating profit contracted 17.13% to Rs11.12bn.

Other operating expenses declined 12.09% to Rs773m, while other income decreased 7.63% to Rs1.36bn. Finance cost was lower by 9.98% at Rs7.24bn.

The company benefitted from higher contribution from its associated company, with share of profit rising 142.06% to Rs1.52bn.

Consequently, profit before levies and income tax stood at Rs5.99bn, down 9.27% from Rs6.6bn.

Levies increased 29.50% to Rs1.48bn, while taxation rose sharply by 47.27% to Rs805m, further impacting profitability.

Profit attributable to shareholders of the holding company came in at Rs4.21bn, down 19.05% from Rs5.2bn, while non-controlling interest losses widened 75.45% to Rs506m.

Earnings per share (EPS) were reported at Rs63.39, down 19.04% compared to Rs78.30 last year.

Consolidated Statement of Profit and Loss for the Period Ended June 30, 2025 (Rs.)
Particulars	Jun-25	Jun-24	%Change
Sales	140,073,497,081	131,335,598,074	6.65%
Sales returns, discounts & direct expenses	(3,707,783,540)	(3,043,756,574)	21.82%
Export rebate	54,232,602	19,232,379	181.99%
	(3,653,550,944)	(3,024,524,195)	20.80%
Sales tax	136,419,946,137	128,311,073,879	6.32%
Sales - net	(13,853,753,478)	(11,343,533,030)	22.13%
Net Sales	122,566,192,659	116,967,540,849	4.79%
Cost of sales	(99,428,054,774)	(92,647,488,472)	7.32%
Gross profit	23,138,137,885	24,320,052,377	-4.86%
Selling and distribution expenses	(9,937,718,584)	(8,922,227,339)	11.38%
Administrative expenses	(2,078,354,638)	(1,977,359,101)	5.11%
Operating profit	11,122,064,663	13,420,465,937	-17.13%
Other operating expenses	(773,296,298)	(879,643,311)	-12.09%
Other income	1,355,990,900	1,467,978,585	-7.63%
Finance cost	(7,235,424,827)	(8,038,003,682)	-9.98%
Share of profit from associated company	1,516,519,377	626,504,654	142.06%
Profit before levies and income tax	5,985,853,815	6,597,302,183	-9.27%
Levies	(1,480,775,041)	(1,143,451,624)	29.50%
Taxation	(805,063,453)	(546,648,480)	47.27%
Profit for the year	3,700,015,321	4,907,202,079	-24.60%

Profit for the year attributable to:
Shareholders of the Holding Company	4,206,163,975	5,195,692,092	-19.05%
Non-controlling interest	(506,148,654)	(288,490,013)	75.45%
Total	3,700,015,321	4,907,202,079	-24.60%
Earnings per share - basic and diluted	63.39	78.3	-19.04%

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