International Industries LimitedPSX: INIL

Financial results for the year ended 30-06-2025

Aug 22, 2025 at 3:07 AM UTC · Issued by International Industries Limited

international" industries

built on trust

The General Manager

Pakistan Stock Exchange Limited

Off: I. I. Chundrigar Road

KARAcxi.

August 22, 2025

RE: FINANCIAL RESULTS FOR THE YEAR ENDED 30-06-2025

Dear Sirs,

We are pleased to inform you that the Board of Directors of International Industries Limited in their meeting held on August 21, 2025 at the registered office of the Company / through video conference, reviewed the audited annual financial results of the Company for the year ended June 30, 2025 and recommended the following;

CASH DIVIDEND
A final cash dividend of Rs.4.00 per share i.e. 40%. for the year ended June 30, 2025.
IIONUS SHARES / RIGHT SHARES
- NIL
  (:ii) ANY O"I'IJER EN'rirzExENT / CORPORATE ACTION
- NH.

(iv) ANY OTIIF.R PRICE SENSITIVE INFORMATION

'l"he Unconsolidated and Consolidated financial results of the Company are

enclosed.

Annual General Meeting:

The 77" Annual Cieneral Meeting of the Company will be held on Friday, September 26, 2025 at 9.00 a.m. at the Jasmine Hall, Beach Luxury Hotel, Off: M.T. Khan Road, Karachi. Members arc encouraged to attend the meeting through video conferencing.

hook Closure:

"Fhc Share 3"ransfcr hooks of the Company will remain closed from September 18, 2025 to September 26, 2025 (both days inclusive). 'Fransfcrs received in order at the offices of' our Shares Registrar M/s CDC Share Registrar Services Ltd., CDC House, 99-B, Block B, S.M.CH.S, Shahrah-e-Faisal, Karachi by the close of business on September 17, 2025 or updated on Central Depository System as per CDC regulations, will be treated in time to establish the right to attend the 77t' annual general meeting and the entitlement of 40% Pinal Cash Dividend i.e. Rs.4.00 per sharc.

ont'd...P/2

International Industries Ltd.

101 Beaumont Plaza, E inquiries@iil.com.pk

10 Beaumont Road, Karachi |Pakistan U +92 21 111 019 019 iiLcom.pk

international industries

built on trust

-12|-

"I"hc Annual Rcport of the Company will be transmitted electronically and through I°UCARS at least 2.1 days bcfore holding of Annual General Meeting and shall also be made availablc on our wcbsitc www. iil.cont.pk.

You ma} p1casc in term tlsc mcm bci's of the Ixchangc accordins!y

"l'hanking you.

Youivs faith fully.

Ivor lh I1:RNA I ION Am INDU S'l UJ US I.IM l'l l:I9

M. IIt I°AN 131 JA 1.11

C(": 1xccutivc I9irector/1 I()D.

Offsite-II Dcpartiiicnt, Supervision Division, Securities and Exchange Commission of Pakistan NIC Bit ilding. 63 J innah Avcntie, ISlifrnabad

International Industries Ltd.

101 Beaumont Plaza,

E inquiries@iil.com.pk

10 Beaumont Road, Karachi |Pakist on

U +92 21 111 019 019

iit.com.pk

UNCONSOLIDATED STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED JUNE 30, 2025

Note 2025 2024

(Rupees in '000)

Revenue from contracts with customers

25,096,323

29,203,140

Cost of sales

(21,949,202)

(25,364,362)

Gross profit

3,147,121

3.838.778

Selling ancl distribL lion expenses

(1,331,940)

(1,356.0 7j

Administrative expenses

(431,781)

(429,501)

Re«ersal / (charge) of loss allowance on trade debts

10.3

2,122

(55,299)

Operating profit

1,385,522

1,997,881

Finance cost

(609,248)

(1.472,5o9)

Other operating charges

(75,391)

(70.161)

Other income

864,457

1,351,059

Profit before levies and income tax

1,565,340

1,806,210

Le.ies

Profit before income tax

1,565,340

1.758, 257

Income tax expense

(461,016)

(285,126)

Profit for the year

1,104,324

(Rupees)

Earnings per share - basic and diluted

34 8.37 11.17

an Najecb

f Financial O(ficer

The annexed notes from 1 to 47 form an inte9ral part of these unconsolidated financial statements.

Jchailgir Shah Director 6 Chairman 3oard Audit Committee

Youstif H. Mirza Chief Executive Officer

UNCONSOLIDATED STATEMENT OF FINANCIAL POSITION

AS AT JUNE 30, 2025

Note 2025 2024

TOTAL EQUITY AND LIABILITIES

462,692

21,669

305,653

790.O1a

3,167,510

429,517

5,156,157

40,534

126,017

511,466

39,106

9,470,307

3,022,498

30,035

73.664

3.126.197

2,678.911

566.883

5,088,048

41,275

868,964

5r6,614

265,088

10,083,783

(Rupees in 'OOO) ASSETS NON-CURRENT ASSETS
Property, plant and equipment	4	12,960,428		12,246,466
Intangible assets	5	612		1,584
Investments	6	3,448,380		3,372,515
Long-term deposits		7,450		4,358
Deferred taxation - net 7		-		35,496
		16,416,870		15.6G0.419
CURRENT ASSETS
SI.ores and spares	8		186,095		195,318
Stock-in-trade	9		7,933,437		9,897,354
Trade debts	10		4,129,520		4,998,267
Advances. trade deposits and prepayments	11		73,910		59,027
Other receivables	12		43,404		38.370
Slaff retirement benefits	13		82,240
Sales tax receivable			250,985		404,182
Cash and bank balances	14		802,581		384,717
			13,502,172		15,977,235
TOTAL ASSETS			29,919,042		31,637,654
EQUITY AND LIABILITIES
SHARE CAPITAL AND RESERVES
Sharo capital Issued, subscribed and paid-up capital	15		1,318,819		1.318,819
Revenue reserves General reserve	16		2,700,036		2,700,036
Unappropriated profit			8,229,862		7,440.635
Capital reserve Revaluation surplus on properiy. piant and equipment	17		7,410,004		6,968.184
TOTAL SHAREHOLDERS' EQUITY			19,658,721		18.427,674
LIABILITIES
NON-CURRENT LIABILITIES Long-lerm financing - secured	18
Deferred income - government grant	19
Deferred taxa(ion - net	7
Stall retirement benefits	13
CURRENT LIABILITIES Trade and other payables 20 Contract liabi]ities 21 Short-term borrowings - secured 22 Unclaimed dividend Current portion of long-term financing - secured 18 Taxation - net 23 Accrued mark-up
TOTAL LIABILITIES CONTINGENCIES ANB COMMITMENTS	24		10,260,321		13,209.980

29,919.042 31,637,654

The annexed notes from 1 to 47 form an integral part of these unconsolidated financial statements.

Jehangir snah Oirector & Chairman Board Audi Committee

Sa an Najeeb

Chief Financial Officer

Yousuf H. Mirxa Chiof Executive Officer

UNCONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED JUNE 30, 2025

Note 2025 2024

(Rupees in '000)

CASH FLOWS FROM OPERATING ACTIVITIES

Cash generatecl from operations Finance cost paici

Income on bank deposits received Staff retirement benefits paid

Payment on account of compensated absences Income tax ano levies paid

Long-term deposits paid

Net cash generated from operating activities

CASH FLOWS FROM INVESTING ACTIVITIES

Payment for acquisition of property, plant and equipment Investment in an associated company

Investment in an subsidiary company Payment for acquisition of intangible assets

Proceeds from clisposal of property, plant and equipment Dividend received

Net cash generated frotn investing activities

CASH FLOWS FROM FINANCING ACTIVITIES

Repayment of long-term financin9 Short-term borrowings obtained Shori-term borrowings repaid

Dividend paid

Net cash used in financing activities

Nel (deci ease) / ifscrease in cash and cash equivalents Cash anti cash equi' alents at beginning of the year Cash end cash equivalents at enci of the year

35 5,094,257 5,56^,609

(823,942) (1,551,495)

22,575 16,352

(88,994) (48,000)

(29,636) (11,2G9)

(627,323) (843,870)

(3,092) (2,552)

3,543,845 3,123,865

(410,990)

(48,450)

(27,415)

75,479

740,593

(782,521)

149

8o,752

1,239,198

329,217 542,578

(3,312,230)

18,528,270

(18,738,806)

(462,328)

(732,501)

32,101,730 (33,5G7,4G9)

(532,402)

(3,985,094) (2,730,642)

(112,032) 935,801

(135,091) (1,070,852)

36 (247,123) (135,091)

The annexed notes from 1 to 47 form an integral pari of these unconsolidated financial statements. **"

Jehangir Shal Director & Chains an

Board Audit Committee

Salman Najeeb Chief Financial Officer

Yousuf H. Mirza

Chief Executive Officer

UNCONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED JUNE 30, 2025

Issued, Revenue reaervea capiui r»«e•« Total gUbSCrlb6d General Unappropriated Revalua0on

and paid - P6gBW6 pg@ ggyp}gg on

up capital propofty. plant

and equipment

Balance as at July 1, 2023

Profit for the year

Other comprehensive income for Ihe year Total comprehensive income for the year

Transferred from revaluation surplus on disposal of

1,318,819 2,700,036

6.322,088 4,908.327 15.249.270

1.473,131

2.232.801

-2,150.597

1.473.131

82.204

1,555.335 2,150.597 3.7Q5.932

property, plant and equipment - net of tax

Transferred from revaluation surplus on property. plant and equipment on account of incremental depreciation

- net of tax

Transactions with owners recorded directly in equity - distributions

Dividend'

Final dividend at 20Y» (i.e. Rs 2 00 per share) for the year ended June 30. 2023

15.584

75.156

(263.764)

(15,584)

(75.156)

t263.764)

- Interim dividend at 20% (i.e. Rs. 2.00 per
share) for the year ended June 30, 2024			(263,764)		(263,764)
Balance as at June 30, 2024	1,318,819	2,700,036	7,440,635	6,968,184	18,4Z7,67¥

Profil for lhe year

•

- 1,104,324

•

1,104.324

Other comprehensive income for the year

- 77.4S4

510.856

586.310

Total comprahensive income for tha year

- 1,181,778

510,856

1,692,634

Transferred from revaluation surplus on property. plant

and equipment on account of incremental depreciation

- net of tax

69,036

(69,036)

Transactions with owners recorded directly

Dividend:

Final dividend at 35°/a (i.e. Rs. 3 50 per share) for lhe year ended June 30, 2024

(461,587)

Balance as at June 30, 2025

1,318,819 2,700,036

8,229,862 7,410,004 19,658,721

Salman Najoeb

The annexed notes from 1 to 47 form an integral part of these unconsolidated financial statements

Jehangir Shah Director & Chairman Board Audit Committee

Chief Financial Officer

Yousuf H. Mirza Chief Executive Officer

CONSOLIOATED STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED JUNE 30, 2025

Note 2025 2024

(Rupees in '000)

Earnings per share - basic and diluted

Revenue from contracts with customers	26	85,813,041	99,156,076
Cost of sales	27	(77,249,781)	(86,489,859)
Gross profit		8,563,260	12,666,217
Selling and distribution expenses	28	(3,204,786)	(3,674,829)
Administrative expenses	29	(944,042)	(954,136)
Charge of loss allowance on trade debts	10.3	(40,616)	(49,822)
Operating profit		4,373,816	7,987,430
Finance cost	30	(1,425,964)	(2,333,995)
Other operating charges	31	(295,324)	(474,952)
Other income - net	32	254,653	68,575
Share of profit from equity accounted investee	7.1.2	37,301	78,351
Profit before levies and income tax		2,944,482	5,325,409
Levies	33	(6,503)	(271,866)
Profit before income tax		2,937,979	5,053,543
Income tax expense	34	(1,359,361)	(1,226,508)
Profit for the year		1,578,618	3,827, 035
Profit attributable to:
- Owners of the Holding Company		898,978	2,168,613
- Non-controlling interest (NCI)		679,640	1,658,422
		1,578,618	3,827,035

(Rupees)

16 44

The annexed notes from 1 to 49 form an integral part of these consolidated financial statements.

Jehangir Shah Director & Chairman Board Audit Committee

Salman Najeeb Chief Financial Officer

Yousuf H. Mirza Chief Executive Officer

CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT JUNE 30, 2025

ASSETS

Note 2025 2024

(Rupees in '000)

TOTAL LIABILITIES

CONTINGENCIES AND COMMITMENTS TOTAL EQUITY AND LIABILITIES

NON•CURRENT ASSETS
Property, plant and equipment	4	34,162,756		32,253,795
Right-of-use assets	5.1	72,623		13,049
Intangible assets	6	330,152		410,437
Investments in equity accounted investee	7	1,995,587		1.909,524
Long-term deposits		9,689		6,477
		36,570,807		34.593,282
CURRENT ASSETS
Stores and spares	8	1,073,834		1,097,458
Stock-in-trade	9	30,695,862		28.975,670
Trade debts	10	3,436,163		4,612,850
Advances, trade deposits and prepayments	11	150,584		215,406
Other receivables	12	47,945		72,453
Staff retirement benefits	13	183,846
Sales tax receivable		640,953		976,338
Cash and bank balances	14	4,991,638		4,123.574
		41,220,825		40,073,749
TOTAL ASSETS		77,791,632		74.667,031
EQUITY AND LIABILITIES
SHARE CAPITAL AND RESERVES
Share capital
Issued, subscribed and paid-up capital	15	1,318,819	1,318.819
Revenue reserves
General reserves	16	3,278,085	3.222,432
Un-appropriated profit		16,663,914	16.049,218
Capital reserves Exchange translation reserve		72,856		80,657
Revaluation surplus on property, plant and equipment	17	10,326,733		9,061,218
TOTAL SHAREHOLDERS' EQUITY		31,660,407		29,732,344
Non - controlling Interest		10,964,355		10,130,169
TOTAL EQUITY		42,624,762		39,862,513
LIABILITIES
NON-CURRENT LIABILITIES
Long-term financing - secured	18	1,136,634		4,121,675
Deferred income - government grant	19	94,917		128,279
Staff retirement benefits	13			18,142
Deferred taxation - net	20	2,451,815		2,048,859
Lease liabilities	5.2	63,770		4,415
		3.747.136		6.321.371
CURRENT LIABILITIES
Trade and other payables	21	18,845,208		15,514,957
Contract liabilities	22	2,347,506		2,467,336
Short-term borrowings - secured	23	9,705,275		8.646.336
Unclaimed dividend		42,994		41,275
Unpaid dividend attributable to non-controlling interest (NCI) Unclaimed dividend attributable to non-controlling interest (NCI)		477		430 7,079
Current portion of long-term financing - secured	18	325,299	960,047
Current portion of lease liabilities	5.2	18,171	11,299
Taxation - net Accrued mark-up	24	2,103 132,701	430,854 4Q3,534

31,419,734 28,483,147 35,166,870 34.804,518

77,791,632 74.667,031

The annexed notes from 1 to 49 form an integr part hese consolidated financial stalements.

Jehangir Shah Director & Chairman Board Audit Committee

Salman Najeeb Chief Financial Officer

Yousuf H. Mirza

Chief Executive Officer

INTERNATIONAL II'J DUSTRIES LIMITED

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED JUNE 30, 2025

CASH FLOWS FROM OPERATING ACTIVITIES

Cash generated from operations

Finance cost paid

Income on bank deposits received Staff retirement benefits paid

Payment on account of compensated absences Income tax paid - net

Long-term deposits paid

Net cash generated from operating activities CASH FLOWS FROM INVESTING ACTIVITIES

Payment for acquisition of propeny, plant and equipment

Payment for acquisition of intangible assets Investment in associate

Di 'idend from equity accounted investee Investment in Pakistan Investment Bonds

Proceeds frcm disposal of Pakistan Investment Bonds Investment in term-deposit receipts (TDRs)

Proceeds from disposal of property, plant and equipment Net cash used in investing activities

CASH FLOWS FROM FINANCING ACTIVITIES

Note 2025 2024

(Rupees in '000)

36 9,477,480 14,339,716

(1,638,796) (2,410,135)

329,910 328,534

13.2.7 (88,994) (87,305)

(50,247) (20,536)

(2,425,360) (3,180.000)

(3,212) (2,410)

5,600,781 8,967,864

(1,409,741)

(129,361)

(96,900)

10,852

(13,440,886)

13,493,559

(300,000)

223,793

(2,491,156)

(101,210)

(350,0o0j

167,674

(1,648,684) (2,774,492)

Proceeds from long-term financina Repayment of long-term financing Short-term borrowings obtained Short-term borrowings repaid Lease liabilities

Dividends paid to non-controlling interest

Dividends paid to shareholders of the Holding Company

(3,657,078)

18,528,270

(17,719,979)

(30.671)

(576,865)

(459,868)

150,000 (1,"i 04,328j 32,101,730

(33,326,122)

(11,591)

(952,237)

(532,402)

Net cash used in fin a t1cin g activities (3,916,191) (3,674,950)

Net increase in cash ard cash equivalents

Cash and cash equivalents at beginning of the year

Effects of exchange rale changes in cash and cash equivalents

35,906

2,869,766

2,263

2,518,422

371,391

(20.047)

Cash and cash equivalents at end of the year 37 2,907,935 2,869,7Co

I he annexed notes Iron 1 to 49 form an integral part of these consolidated financial statements. ' !'''".

Jeha ng ir Shah Director & Chairman Board Audit Committee

at man Najee b

Chief Financial Offic=.r

Yous uf H. Mirza Chief Executive Officer

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED JUNE 30, 2025

		Attrih‹itahlc to owners of	the Holding Company			Non-	Total
issued,	C apilal reserves	Total ca pits I	Reven ue reserves	Total revenue	Total	controlling	equity

subscribed Revaluation Exchange ai›d paid surplus on translatioiJ up capital property, plant reserve

a‹td equipment

reserves

General Un-

reserve appropriated profit

reserves

interest

----------- -- -- (Ripces in '000) -

Balance as at July 1, t023

1.318,819 7.068.935 83,445

7,1S2.380

3 1 12,323

14.27 5.64 5 17.387.970 25,859,169

9.406,738

35,26S,907

Profit for the year
Othei comprehensive income / (loss) for the year

3 2 686 21 61 165 4 2 3 7 03

2 S 1 71 10 371 320 5 14 731 68 1

To:ai comprehensive income for the year

1 8 50 8s'›

2,125,719 - 2.274,984 2,274,984 4,400,703 1.673,153 6,073,816

Proportionate share transferred to general reserves related to equity accounted investee

110.107

(1 10.107)

1"ransfcrred from revaluation surplus on disposal of pro|aprty plant and equipment - net of lax

Transferred from revaluation surplus on properly.

(15, 58^•)

5.58d

15,584

plant and equipment on account o| incremental (it7',629)

depreciation - net of tax

(117,625)

117.62g

117,629

Proportionate share ol surplus on revaluation property.

p!ent and equipment - PCL (3.011)

(3,011)

3.0 11

Transactions with owners recorded directly in equity:

Dish ibutions to owners of the Holding Company

- F-inal divirlend @ 20% ( i.e. fts. 2.00 per share)

(263,76J)

(263,764)

for the year ended June 30. 2023

- Interim dividend at 20% (i.e. Rs. 2.00 per

share} for the year ended June 30, 2024

(263.764)

(263,764)

(263.764)

D vidend to non-controlling interest

(949,722)

(94 9,722)

Bala‹ ce as at June 30, 2024

1,318,819

9,06 1,218

80,657

9,141,875

3,222,432

16,049,218

1g,271,650

29,732,344

10,130,169

39,862,513

- Protil for lfe year

8 8

8 8 8

1,578,618

OlfJer comprehensive income / (loss) for the year

3 8 0 6

( 8 1 70 45 | - ], 427 120 1 67 2

2.215,051

Total comprehensive income for the year

1,378,046

(7,801) 1,370,245 - 1,019,40S 1,019,405 2,389,650 1,404,019

*.793,669

Balance carriea forward 1,318,819 10,439,264

72,856 10,S4 2, 4 20 3.222,432 17,068,623 20,291,055 32,121,994 11,534,188

43,656,182

CONSOLIDATED STATENIENT OF CHANGES IN EQUITY FOR THE YEAR ENDED JUNE 30, 2025

Attributable to owners of the Holding Company

Non-

Total

Issued, Capital reserves

subscribed Revaluation Exchange and paid surplus on translaflon up capital property, plant reserve

and equlpment

Total capital reserves

Revenue reserves

General Un-

reserve appropriated profit

Total revenue

reserves

TOlA1

controlling Interest

equity

----- - ----------- ----- -- - - {Rupees in '000) ------- --- ----- - -

Below ce brought forward 4,348,8J9

Proponionate share transferred to general reserves

‹elaled to equity accounted inveslee

Transferred from revaluation surplus- on disposald property, plant and equipment - net of tax

10,439,2G4

72,856 10,512,120

3,222,432 17,068,623 20,291,055 32,121,994 '11,634,188 43,656,182

55,653 (55.653)

Transferred from revaluation surplus on property. plant and equipment on account of incremental depreciation - net of tax

Proportionate shae of surplus on revaluation property, plant and equipment - PCL

Transactions with owners recorded directly in equity

Distributions to owners of the Holding Company

- Final dividend @ 35°/+ ( i.e. Rs. 3.50 per share) for lhe year ended June 30, 2024

(111,510)

(1,024)

(111,010)

(1,021)

111.510

1,021 (461,587)

111,510

1,021

(461,587}

(461,587)

Dividend to non-controlling interest '°aIance as at June TO, 2025

Jehanglr Shah Director & Chairman Board Audit Committee

1,318,819 10,326,713 72,856 10,399.589 3,278,085 16,663,914 19,941,999 31,660,40

The annexed notes from 1 to 49 form an integral pan of these consolidated financial statements.

(569,833)

10,964,305 42,624,762

Yousuf H. Mirza Chief Executive Officer