The General Manager
Pakistan Stock Exchange Limited Off: I. I. Chundrigar Road KARACH 1.
international
industries
b UIIt GU ñiJ'
January 29, 2026
RE: FINANCIAL RESULTS FOR THE HALF-YEAR ENDED 31-12-2025AND ANNOUNCEMENT OF 20% INTERIM CASH DIVIDEND
Dear Sir,
We are pleased to inform you that the Board of Directors of International Industries Limited in their meeting held on January 29, 2026 at IIL's Registered Office, 10 1 Beaumont Plaza, 10 Beaumont Road, Karachi reviewed the financial results of the Company for the second quarter/half year ended December 31, 2025 and recommended following;
CASH DIVIDEND
- An interim cash dividend for the half-year ended December 31, 2025 at Rs.2 per share, that is 20%.
ANY OTHER ENTITLEMENT / CORPORATE ACTION
-NIL-
ANY OTHER PRICE SENSITIVE INFORMATION
The Unconsolidated and Consolidated financial results of the Company are enclosed.
The Half Yearly Report of the Company for the period ended will be transmitted through PUCARS separately, within the specified time and shall also be made available on 1I L's website https://www.iil.com.pk
Book Closure:
The Share Transt'er Books of the Company will remain closed from February 1 1, 2026 to February 13, 2026 (both days inclusive). Transfers received in order at the offices of' our Shares Registrar M/s CDC Shares Registrar Services Ltd., CDC House, 99-B, Block B, S.M.CH.S, Sliahrali-e-Faisal, Karaclii -75500 by the close oI business on Febi-uary 1 0, 2026 or as per prevai 1ing 1*SX R ules and updated on Central Depository System as per CDC regulations, will be treated in time to establish the entitlement of'20% Interim Cash Dividend.
Thanking you,
Yours faithfully,
INTERN ATION AL lNDUSTRIES Ll MITEDFLABNHATTl
Company Secretary & Head of Legal
CC: Executive Director/HOD,
Offsite-11 Department, Supervision Division, Securities and Exchange Commission of Pakistan NIC Building, 63 I innah Avenue, Islamabad
Internationol Industries Ltd.
101 Beaumont Plaza, E inquiries@iil.com.pk
10 Beaumont Road, Karachi | Pakistan U +92 21 111 019 019 iiLcom.pk
UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UN-AUDITED) FOR THE HALF YEAR ENDED DECEMBER 31, 2025
Half year ended Quarter ended Note December 31, December 31, December 31, December 31,
2025 2024 2025 2024
(Rupees in '000)
Revenue from contracts with customers | 13 | 14,005,420 11,851,845 | 6,703,188 6,562,381 | ||||||
Cost of sales | 14 | (12,328,867) (10,650,260) | (5,940,945) (5,883,302) | ||||||
Gross profit | 1,676,553 | 1,201,585 | 762,243 | 679,079 | |||||
Selling and distribution expenses | (836,633) | (639,457) | (431,480) | (321,645) | |||||
Administrative expenses | (249,193) | (201, 798) | (122,136) | (95,060) | |||||
(Charge) / reversal of loss allowance | |||||||||
on trade debts | (4,036) | 15,104 | (1,882) | 12,102 | |||||
Operating profit | 586,691 | 375,434 | 206,745 | 274,476 | |||||
Finance cost | (303,157) | (347,081) | (160,988) | (116,601) | |||||
Other operating (expense) / income | (32,171) | (9,698) | (8,933) | 9,495 | |||||
Other income / (expense) | 15 | 721,614 | 691,436 | 112,846 | (152,758) | ||||
Profit before levies and income tax | 972,977 | 710,091 | 149,670 | 14,612 | |||||
Levies | 16 | (15,154) | (8,430) | ||||||
Profit before tax | 972,977 | 694,937 | 149,670 | 6,182 | |||||
Income tax expense | 17 | (273,364) | (307,454) | (47,253) | (72,649) | ||||
Profit / (loss) after tax for the period | 699,613 | 387,483 | 102,417 | (66,467) | |||||
Earnings / (loss) per share - basic and diluted (Rupees) | 130 | 2.94 | 0.78 | (0.50) | |||||
The annexed notes 1 to 24 form an integral part of these unconsolidated condensed interim financial statements.
Haider Rashid
Director & Chairman Board Audit Committee
Salman Najeeb Chief Financial Officer
Yousuf H. Mirza Chief Executive Officer
UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION AS AT DECEMBER 31, 2025(Un-audited) Note December 31,
2025
(Audited) June 30,
2025
ASSETS
NON-CURRENT ASSETS
(Rupees in '000)
Property, plant and equipment Intangible assets
Investments
Long-term deposits
CURRENT ASSETS
Stores and spares Stock-in-trade Trade debts
Advances, trade deposits and prepayments Other receivables
Staff retirement benefits
Sales tax receivable Cash and bank balances
TOTAL ASSETS
EQMTY AND LIABLITES
SHARE CAPITAL AND RESERVES
Share capital
Issued, subscribed and paid-up capital
Revenue reserves General reserve Unappropriated profit
Capital reserve
Revaluation surplus on property, plant and equipment TOTAL SHAREHOLDERS' EQUITY
LIABILITIES
NON-CURRENT LIABILITIES
Long-term financing - secured Deferred income - government grant Deferred taxation - net
CURRENT LIABILITIES
Trade and other payables Contract liabilities
Short-term borrowings - secured Unclaimed dividend
Current portion of long-term financing - secured Taxation - net
Accrued mark-up
TOTAL LIABILITIES
CONTINGENCIES AND COMMITMENTS TOTAL EQUITY AND LIABILITIES
5 12,670,097
341
6 3,448,380
289,745
10,103,317
3,874,108
105,482
24,409
68,854
765,212
1,060,593
7,450 16,126,268
7
8
16,291,720
32,417,988
1,318,819
2,700,036
8,471,856
7,340,095 19,830,806
9 417,743
17,903
154,048
589,694
10 3,961,903
476,572
11 7,028,397
44,384
9 99,039
308,755
78,438
11,997,488
12,587,182
12
32,417,988
12,960,428
612
3,448,380
7,450 16,416,870
186,095
7,933,437
4,129,520
73,910
43,404
82,240
250,985
802,581
13,502,172
29,919,042
1,318,819
2,700,036
8,229,862
7,410,004 19,658,721
462,692
21,669
305,653
790,014
3,167,510
429,517
5,156,157
40,534
126,017
511,466
39,106
9,470,307
10,260,321
29,919,042
The annexed notes 1 to 24 form an integral part of these unconsolidated condensed interim financial statements.
Haider Rashid Director & Chairman
Board Audit Committee OMicer
Yousuf H. Mirza Chief Executive Officer
UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY (UN-AUDITED)FOR THE HALF YEAR ENDED DECEMBER 31, 2025
Revenue Reserves Capital Reserve Total
Issued, General Unappropriated Revaluation subscribed reserve profit surplus on and paid-up property, plant
capital and equipment
------•-----------•-----------------------•--- (Rupees in '000) --••------------------------------------------
Balance as at July 1, 2024
Profit after tax for the period
Other comprehensive income for the period
1,318,819 2,700,036 7,440,635 6,968,184 18,427,674
Total comprehensive income for the period | 387,483 | 387,483 | |
Transferred from revaluation surplus on | |||
property, plant and equipment on account of incremental depreciation - net of tax | 34,836 | (34,836) |
38-/,483
-
387,483
Transactions with owners recorded directly in equity - distributions
Final dividend at 35% (i.e. Rs. 3.50 per share) for the year ended June 30, 2024
(461,587)
(461,587)
Balance as at December 31, 2024 1,318,819 2,700,036 7,401,367 6,933,348 18,353,570
Balance as at July 1, 2025 | 1,318,819 | 2,700,036 | 8,229,862 | 7,410,004 | 19,658,721 |
Profit after tax for the period | 699,613 | 699,613 | |||
Other comprehensive income for the period | |||||
Total comprehensive income for the period | 699,613 | 699,613 | |||
Transferred from revaluation surplus on | |||||
property, plant and equipment on account of incremental depreciation - net of tax | 69,909 | (69,909) |
Transactions with owners recorded
directly in equity - distributions
Final dividend at 40% (i.e. Rs. 4.00 per share) for the year ended June 30, 2025
(527,528)
(527,528)
Balance as at December 31, 2025 1,318,819 2,700,036 8,471,856 7,340,095 19,830,806
The annexed notes 1 to 24 form an integral part of these unconsolidated col ,densed interim financial statements.
Haider Rashid Director & Chairman Board Audit Committee
Salman Najeeb Chief Financial Officer
Yousuf H. Mirza Chief Executive Officer
UNCONSOLIDATED CONDENSED INTERIM STATEMENT OF CASH FLOWS (UN-AUDITED)FOR THE HALF YEAR ENDED DECEMBER 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES
Half year ended Note December 31, December 31,
2025 2024
(Rupees in '000)
Cash generated from operations | 18 | (741,260 | 4,991,428 | |
Finance cost paid | (259,463 | (576,152 | ||
Restricted cash on account of lien | (189,000 | (140,000 | ||
Income on bank deposits received | 2,830 | 13,925 | ||
Staff retirement benefits paid | (6,834) | (46,501) | ||
Payment on account of compensated absences | (10,121) | (20,165) | ||
Income tax and levies paid | (627,680) | (374,958) | ||
Increase in long-term deposit | (3,092) | |||
Net cash (used in) / generated from operating activities | (1,831,528) | 3,844,485 | ||
CASH FLOWS FROM INVESTING ACTIVITIES | ||||
Acquisition of property, plant and equipment | (127,440) | (189,163) | ||
Investment in associate | (48,450) | |||
Proceeds from disposal of property, plant and equipment | 53,290 | 41,643 | ||
Dividend received | 702,417 | 735,167 | ||
Net cash generated from investing activities | 628,267 | 539,197 | ||
CASH FLOWS FROM FINANCING ACTIVITIES | ||||
Repayment of long-term financing | (76,289) | (1,133,324) | ||
Short term - borrowing obtained | 16,553,485 | 9,495,088 | ||
Short term - borrowing repaid | (14,226,041) | (11,764,493) | ||
Dividend paid | (523,678) | (460,958) | ||
Net cash generated / (used in) from financing actiV!ties | 1,727,477 | (3,863,687) | ||
Net increase in cash and cash equivalents | 524,216 | 519,995 | ||
Cash and cash equivalents at beginning of the period | (247,123) | (135,091) | ||
Cash and cash equivalents at end of the period | 19 | 277,093 | 384,904 |
)
) )
) )
The annexed notes 1 to 24 form an integral part of these unconsolidated condensed interim financial statements.
Haider Rashid Director & Chairman Board Audit Committee
Salman Najeeb
Chief Financial Officer
Yousuf H. Mirza Chief Executive Officer
CONSOLIDATED CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UN-AUDITED) FOR THE SIX MONTHS ENDED DECEMBER 31, 2025
Six months ended Three months ended Note December 31, December 31, December 31, December 31,
202£ 2024 2025 2024
(Rupc es in '000)
Revenue from contracts with customers | 12 | 56,745,689 | 43,704,110 | 28,865,031 | 24,825,333 | |
Cost of sales | (50,240,394) | (39,878,587) | (25,750,612) | (22,589,612) | ||
Gross profit | 6,505,295 | 3,825,523 | 3,114,419 | 2,235,721 | ||
Selling and distribution expenses | (2,320,382) | (1,640,300) | (1,023,383) | (841,978) | ||
Administrative expenses | (602,138) | (455,532) | (329,591) | (231,167) | ||
Reversal / (charge) of loss allowance on trade debts | (2,553) | 14,901 | (1,852) | 14,310 | ||
(2,925,073) | (2,080,931) | (1,354,826) | (1,058,835) | |||
Operating profit | 3,580,222 | 1,744,592 | 1,759,593 | 1,176,886 | ||
Finance cost | (928,166) | (907,525) | (510,043) | (373,017) | ||
Other operating charges | (437,388) | (95,619) | (236,311) | (33,990) | ||
(1,365,554) | (1,003,144). | (746,354) | (407,007) | |||
Other income / (loss) | 90,106 | 117,893 | 78,452 | (141,834) | ||
Share of profit / (loss) in equity accounted | investee | 794,736 | (32,628) | 798,095 | (24,779) | |
Profit before income tax | 3,099,510 | 826,713 | 1,889,786 | 603,266 | ||
Income tax expense | 13 | (1,311,501) | (594,990) | (710,653) | (321,601) | |
Profit after tax for the period | 1,788,009 | 231,723 | 1,179,133 | 281,665 | ||
Profit attributable to: | ||||||
- Gwners of the I-holding Gompany | 1,082,251 | (985) | W44,S6d | 127, 077 | ||
- Non-controlling interest (NCI) | 705,758 | 232,708 | 434,572 | 154,588 | ||
1,788,009 | 231,723 | 1,179,133 | 281,665 | |||
----------------------------------- (Rupees) --.
Earnings / (loss) per share - basic and diluted
8.21 (0.01) 5.65
0.96
The annexed notes 1 to 20 form an integral part of these consolidated condensed interim financial statements.
Haider Rashid Director & Chairman
Board Audit Committee
Salman Najeeb
Chief Financial Officer
Yousuf H. Mirza
Chief Executive Officer
CONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION AS AT DECEMBER 31, 2025
ASSETS
NON-CURRENT ASSETS
Property, plant and equipment
Right-of-use assets Intangible assets
Investment in equity accounted investee Long-term deposits
CURRENT ASSETS
(Un-audited) (Audited) Note December 31, June 30,
2025 2025
---------- (Rupees in '000) -----••----
5 33,038,761 34,162,756
88,536 72,623
310,847 330,152
6 2,689,917 1,995,587
7,654 9,689 36,135,715 36,570,807
Stores and spares Stock-in-trade Trade debts
Advances. trade deposits and prepayments Other receivables
Staff retirement benefits Sales tax receivable Taxation - net
Cash and bank balances
1,197,136
7 35,776,928
2,930,408
299,873
25,790
155,827
1,179,415
154,696
4,068,953
1,073,834
30,695,862
3,436,163
150,584
47,945
183,846
640,953
4,991,638
45,789,026 41,220,825
TOTAL ASSETS
EQUITY AND LIABILITIES
SHARE CAPITAL AND RESERVES
Share capital
Issued, subscribed and paid-up capital
Revenue reserves
81,924,741
1,318,819
77,791,632
1,318,819
General reserve Unappropriated profit Exchange translation reserves
Capital reserve
Revaluation surplus on property, plant and equipment TOTAL SHAREHOLDERS' EQUITY
Non-controlling interest
LIABILITIES
NON-CURRENT LIABILITIES
3,278,085 3,278,085
17,340,924 16,663,914
77,773 72,856
10,264,339 10,326,733 32,279,940 31,660,407
11,195,252 10,964,355 43,475,192 42,624,762
Lonp-term financing - secured Deferred income - government grant Deferred taxation - net
Lease liabilities
CURRENT LIABILITIES
Trade and other payables Contract liabilities
Short-term borrowings - secured Unclaimed dividend
Unpaid dividend attributable to non-controlling interest (NCI) Current portion of long-term financing - secured
Current portion of lease liabilities Taxation - net
Accrued mark-up
8 1,012,138
zs,ss‹ 2,075,998
45,797
3,213,594
19,063,572
2,364,265
13,135,840
45,074
287,162
283,592
9
10
8
1,136,634
94, 917
2,451,815
63.770
3,747,136
TOTAL LIABILITIES
CONTINGENCIES AND COMMITMENTS TOTAL EQUITY AND LIABILITIES
35,235,955 31,419,734
18,845,208
2,347,506
9,705,275
42,994
477
325,299
18,171
2,103
132,701
38,449,549 35,166,870
1 I
81,924,741 77,791,632
The annexed notes 1 to 20 form an integral part of the c nsolid d condensed interim financial statements.
Haider Rashid Director & Chairman Board Audit Committee
Salman Najeeb Chief Financial Officer
Yousuf H. Mirza
Chief Executive Officer
INTERNATIONAL INDUSTRIES LIMITED
CONSOLIDATED CONDENSED INTERIM STATEMENT OP CHANGES IN EQUITY (UN-AUDITED) FOR THE SIX MONTHS ENDED DECEMBER 31, 2025
Attributable to owners of the Holding Company
Non-
Total
Issued, Revenue reserves Capital reserve subscribed General Unappropriated Total Revaluation Exchange Total and paldwp reserve profit revenue surplus on translation capital
capital rese•ves property. plant reserves reserves and equipment
Total
interest
Balanee as at July 1. 2024 | 1,318,819 | 3,222,432 | 16,049,218 | 19,271,650 | {Rupees Tn '000) 9,061,2 18 | 80,657 | 9. 141,875 | 29,732,3 44 | 10,130,169 | 39,862,513 |
Profil after tax for the period | - | (985) | (985) | (985) | 232,708 | 231,723 | ||||
Olher comprehensive income / (loss) for the period | - | - | (46 688) | (466B8) | 9 448 | 7,534 | (39 154 | |||
Tolai comprehensive incoma / (loss) ror the period | - | (47.673) | (47,673) | 9.448 | (1,914) | 7,534 | (40,139) | 232.708 | 192.569 | |
Proportionate share or Transfer to general reserved of equity accounted investee | 55.653 | |||||||||
Transferred from revaluation surplus on property. | ||||||||||
plant and equipment on account of incremental depreciation - net of tax | 56,072 | 56.072 | (56,072) | (56,072) | ||||||
Proportionate share of surplus on reva|uation of property. plant and equipment - PCL | (4,010) | (4.010) | (912) | (912) | (4.922) | (4,922) | ||||
Transactions with owners recorded directly in
DistñbuJonstoovmersotNolgingCompany
-Finaldvdend 35%(Rs.3.50pershae) for the year ended June 30, 2024
Dividend to non-conlrolling interest
(461,587)
(461.587)
(461,587)
(461.587)
(569,833) (569,833)
Balance as at December z1, 2024 1.318 819 3 278 085 15 536 367 18 814 452 9.0"3 682 7B 743 9,092.425 29,225.G96 9,793,044 39,018,740
Ba1ancea*utJuly 1, 2025 | T,318,8 49 | 3,278, OBE | 16,663,914 | 19, +41,999 | 0,326,733 | 72,856 | 10,399,589 | 31.660,407 | 10,964,355 | 42,624.762 |
Profit after tax for the period | 1,082,251 | 1,082.25; | - | 1.082,251 | 705,75B | 1,78B,009 | ||||
Other comprehensive income / (loss) for the period | 2836 | 2836 | 57 769 | 4 917 | 62686 | 65 522 | 65522 | |||
Total comprehensive income / ‹loss) for the period | 1.085,087 | 1,085.087 | 57.769 | 4,917 | 62,686 | 1,147,773 | 705,75B | 1,853.531 | ||
Transferred from revaluation surplus on properly, plant and equipment on account of incremental depreciation • net of tax | 119,360 | 119,360 | (119,360) | (1 19,360) | ||||||
91 | 91 | (803) | (803) | (712) | (712) | |||||
Transactions with owners recorded directly in | ||||||||||
Oistributions la owners of Holding Company |
- Final dividend @ 40% (Rs. 4.00 per share) for the year ended June 30, 2025
Oividend to non-controlling interest
(474,861)
(474,861)
Balance as at December 31, 2025 1,318.819 3.278,085 17,340.924 20,619,009 10,264,339 77,773 10,342,112 32,279,940 11,195,252 43,475,192
The annexed notes 1 to 20 /orm an integral part of these consolidated condensed interim financial statements.
Haider Ras hId Director & Chairman
Board Audit Committee Officer
Yousuf H. MIrxa
Office r
INTERNATIONAL INDUSTRIES LIMITED
CONSOLIDATED CONDENSED INTERIM STATEMENT OF CASH FLOWS (UN-AUDITED)FOR THE SIX MONTHS ENDED DECEMBER 31, 2025
Note
Six months ended December 31, December 31,
2025 2024
----------- (Rupees in '000) ----------
CASH FLOWS FROM OPERATING ACTIVITIES | ||||
Cash generated from operations | 14 | (394,583) | 11,582,603 | |
Finance cost paid | (740,899) | (1,174,552) | ||
Restricted cash on account of lien | (189,000) | (140,000) | ||
Income on bank deposits received | 55,128 | 198,150 | ||
Staff retirement benefits paid | (9,915) | (46,501) | ||
Payment on account of compensated absences | (18,255) | (36,631) | ||
Income tax paid - net | (1,863,374) | (1,278,943) | ||
Increase in long-term deposit | (2,035) | (3,162) | ||
Net cash (used in) / generated from operating activities | (3,162,935) | 9,100,964 | ||
CASH FLOWS FROM INVESTING ACTIVITIES | ||||
Payment for acquisition of property, plant and equipment | (463,248) | (799,047) | ||
Payment for investment in associate company | (96,900) | |||
Payment for acquisition of intangible assets | (54,777) | |||
Proceeds from disposal of property, plant and equipment | 96,362 | 106,355 | ||
Investment in PlBs | (4,951,136) | |||
Investments in Term Deposit Receipt | 250,000 | 250,000 | ||
Net cash used in investing activities | (116,886) | (5,545,505) | ||
CASH FLOWS FROM FINANCING ACTIVITIES | ||||
Repayment of long-term financing | (179,919) | (1,310,843) | ||
Proceeds / (repayments) from short-term borrowings - net | 4,051,831 | 2,743,903 | ||
Lease rentals paid | (18,527) | (6,133) | ||
Dividends paid to non-controlling interest | (475,338) | (570,263) | ||
Dividends paid to shareholders of the Holding Company | (525,448) | (460,958) | ||
Net cash generated from financing activities | 2,852,599 | 395,706 | ||
Net (decrease) / increase in cash and cash equivalents | (427,222) | 3,951,165 | ||
Cash and cash equivalents at beginning of the period | 2,907,945 | 2,729,765 | ||
Effects of exchange rate changes in cash and cash equivalents | (2,209) | (51,969) | ||
Cash and cash equivalents at end of the period | 15 | 2,478,515 | 6,628,961 | |
The annexed notes 1 to 20 form an integral part of these consolidated condensed interim financial statements.
Haider Rashid Director & Chairman Board Audit Committee
Chief Financial
Salman Najeeb
Officer
Yousuf H. Mirza Chief Executive Officer