Shaping tomorrow
‌The General Manager,
Pakistan Stock Exchange Limited OFF I. I. Chundrigar Road Karachi.
RE: F INANCIAL RESULTS FOR THE HALF YEAR ENDED 31-12-2025
Dear Sir.
Janua 27. 2026
We are pleased to inform you that the Board of Directors of Iniernational Steets Limited. in its meeting held on January' 27, 2026. at its registered omce. reviewed the financial results of the Company for ihe half j car ended December 31. 2025 and recommended ihe following:
CASH DIVIDEND
An interim cash dividend of ks. *.00 pei share i.e. 20%.
Book Closure for Interim Dividend:
The Share Transfer Books of the Company ill remain cu›‹d rrotu Fehrua¿' T0. *026. ro FcbrMay' 12. 302b, fboth days inclusive). Transfers received in order at the office of our Shares Rep•istrar N/s THK Associates (Private) Limited, at 32-C, Janii Commercial Street 2. D.H.A., Phase V II, Karachi, by the close of business on February 9, 2026, or updated on Central Depository Sy siein as per CDC regulations. svill be treated in time to eslablish the entitlement of 20% lnterim Cash dividend i.c. fts. 2.00 per share.
BONUS SHAIDES
-NIL
RIGHT SHARES
-NIL
ANY OTHER ENTITL EMENT / CORPORATE ACTI ON
-NtL
ANY OTHER PRICE SENSITIV E INFORMATION
The financial results of the Cotnpany arc enclosed.
The Half Yearly Report of the Company for the period ended wiki be transmined through PUCARS separately. »'ithin lhe specified time and shall also be made available on ISL's website x›»›v.ill.cum.pk.
You may pleasc infomJ the members of the ExclJange acC0rdingl}'.
Thanking you,
Yours faithfully.
For I NTERNATI ONAL STEELS L 1Ml'FED.,
Zohaib Raza Merchant' Company Secretary
CC: ExcutiveDrector/HOD
OPsite-II Department, Supervision Division, Securities aMd Exchange Commission of Pakistan N]C Building, 63 Jinnah Avenue, Islamabad.
Head Office: 101 Beaumont Plaza. IO BeaurnoM Road, Karachi - 75530, Pakis1.an
Phone: +9222 111 D19 Ot9 ] Fax:•92 21 35680373 ] EtTt8il inf isl.com.pk Website :wvzw.isLcom.pk
ISO II 2015 Qualn Y Management System
ISO S40€I1 : 20j5 Enviroilnwnl Management System
ISO 45£@1 : 2028 Occupaional Health 6 Safety Management Systen›
‌CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION AS AT DECEMBER 31, 2025
Note
(Un-audited) (Audited)
December 31, June 30,
2025 2025
A5SE7S NON•CURRENT ASSETS | ||||
Property, plant and equipment | 5 | 20,339,t67 | 21,170.633 | |
Right-of-use assets | 75,984 | 1Z.803 | ||
Intangib1e assets | 310,506 | 329,540 | ||
Investment in an associate CURRENT ASSETS | 6 | 409,284 21,13¥,941 | 87,g t5 z‹.ms,g2‹ | |
Slores and spaces Stock-in-trade | 7 | 907,391 ¥4,845,246 | BB7,739 21,803,321 | |
Trade debts | 638,399 | 1,350,948 | ||
Receivable from K-Electric Limited (KE) | t,3B1 | 4,541 | ||
Advances, trade deposits and prepaymenfs | 68,gy7 | |||
Staff retirement beneMs | 86,9z3 | 101.605 | ||
Sales tax receivable | 355,339 | 308,110 | ||
Taxation - net | 449,761 | 4gs,6z0 | ||
Cash and bank balances | 8 | 2,636,6t1 | 3 438.737 | |
30,0t6,298 | 28,461,598 | |||
TOTAL ASSETS | 1 0 2 | 50,067,51g | ||
EQUITY AND LIABILITIES | ||||
SHARE CAfilTAL AND RESERVES | ||||
Shara capital | ||||
Issued. subscribed ang paid-up capital | 4,350,000 | 4,350,000 | ||
(Rupees in '000) -
Revenue reserve Unappropriated profir
Capital resarva
Revaluation surplus on property, plant and equipment TOTAL SIJAREHOLDERS' EQUITY
LIABILITIES
NON•CURRENT LIABILITIES
Long tarm finance - secured Deferred inCome - Government granl Da/arred faxation - nef
Lease liabilities
CURRENT LIABILITIESTrade and other payables Contract liabilities
Short term boxxowings - secured Unpaid dividend
Uncla!med dividend
Current portion of long tarm finance • secured Current portion of lease liabilities
Accrued mark-up
TOTAL L}ABJLlTIES
CONTINGENCY AND COfgMITMENTS TOTAL EQUITY AND LIABILITIES
17,731,113594,395 61.758 t,469,546 2g,763 |
2,154,463 |
14,995,315 1,860,38t 6,106,664 690 168,f 23 52,266 205.259 |
23,408,723 |
3,556,941
25,638,054
10
1 1
9
25,563,185
1 2
51,20t.239
1?.115,900
3,644,722
25.It 0,622
673,9x2 73,248 1,878.464 17.059 |
2,642,713 |
15,580, 507 1,884,713 4.549,118 477 2,460 199.282 4,028 93.599 |
22,314, j $4 |
24,956,a97
50,067,519
The annexed notes from 1 to z3 rorm an integral part of thos condensed Interim financial statements.
Nihal Cassim Director & Chairman
Board Audit Committee
U Ah d nanciaf Officer
Samir M.ChInoy Chief ExecuNve Officer
‌CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UN•AUDITED) FOR YHE SIX MONTHS ENDED DECEMBER 31, 2025
Six months ended Three months ended December 31, December 31, December 31, Decamber 31,
2025 2024 Z025 2024
----------•----- (Rupees in '000) ----------•-- ---
Revenue from contracts with customers | 13 | 4Z,945,233 | 31,802,736 | 23,025,892 | 18,312,844 | |||
Costofsalas | 14 | (39.287,338) | (2B,422,908) | (20,731,3Z2) | (16,837,987) | |||
Gross ptofit | 4,657,895 | 2.379,830 | 2,304,560 | 1,474,857 | ||||
Selling and distribution expenses Administrative expenses | (1,294,402) | (827.980) | (492,345) | (443,231) | ||||
3,045,628 | 1,322,018 | 1,624,203 | 815,538 | |||||
Finance cost | (621,705) | (559,149) | (347,262) | (226,114) | ||||
Other expenses | (405,217) | (85,708) | (224,458) | (51,485) | ||||
Othar income | 15 | 52,389 | 149,453 | 34,766 | ||||
Share of net jncome of associate accounted for using the equity method | 6 | 411,117 | 411,117 | |||||
2,482,212 | 828,614 | 1,49B,368 | 6t 5,773 | |||||
Income tax expense | 16 | t8sy,zao) | (2B2,521) | (503,778) | 2 1 07) | |||
1,6'l4,93Z | 534,093 | 994,590 | 354,686 | |||||
Earnings per share - basic and | ||||||||
diluted (Rupees) | 3.71 | 1.23 | 2.39 | 082 |
The annexed notes from 1 to 22 form an integral part of these condensed interim financial statements.
Nlhal Cassim Director 6 Chairman
Board Audft Comrnfttae
man med Chief Financial Officer
6amir M.ChInoy Chief Executive Officer
‌CONDENSED INTERIM STATEMENT OF CHARGES IN EQUITY (UN-AUDITED) FOR THE SIX MONTHG ENDED DECEMBER 31, 2025
IBsued, aMbscribed & paid-up capital | Revenue P@@@ ^ Unapproprl¥t | d | Capital Totct reaerve - Revalucgon |
'" | surplus on property, plant and | ||
equipment |
-------•-••-•--- (Rupees in '000) | ---- | - •- | |||
Balance aa at OF Juty 202g | 4,3S0,000 | 2.112,076 | 23,197,423 | ||
Profit for the period Other comprehend ve income | 534,093 | 534,093 | |||
Total comprehensive income | 534,093 | 554,093 | |||
Tranaactlona wlth owners recorded direcUy | |||||
in equity - dIsu'lbutions Dividend:
- Final Dividend @ 309• (Re. 3.00 per shara)
for tile year ended 30 June 2024
Transferfed tram revaluation surplus on property, p/anf and equipment on account of incremental depraciati0n
- net of tax
37,697
(37.697)
Balance as at 31 December 2024
Total comprehanaive In0oma for the aix montha ended June 20Z5
Balance aa at 01 July 2025 Profit ior the period
Othar comprehensive income Totat comprehensive income
Traneactiona with owners recorded directlyin equity - distributions
Ovidend."
- Final Dividend @ 25°A (Re. 2.50 per share) for the year ended 30 June 2025
TfanSferred from revaluation surplus on property, plant and equipment on account of incremental depreciation
- net of tax
Balance as at 3t Decamher 2025
4,360,OOD
4,360,000
4,35D,000
18,002,1371,113, 763
1,614,932
17,116,9001.614,932
(1,087,500)
87, 781
17,7Z1,1132,074,379 M,426,S18
1, O3‹3
1,614,932
1,614,g32
(1,087,500)
The annexed notes from I to 23 form an integral part of thase condensed interim financia/ statements.
Nihal Caasim
Director6 Chairman
Board Audit Committea
hmed Chief Financial Officer
Samir M.Chinoy
Chief Executive Officar
‌CONDENSED INTERIM STATEMENT OF CASH FLOWS (UN-AUDITED)FOR THE SIX IMONTHS ENDED DECEMBER 31, 2025
Slx montha ended
Note | December 31, 2025 | December J1, 2024 | ||
CASHFLOWSFROWOPERATlNGACTIVlTIES | (Rupees | in '000) | ||
Cash generated from operations | 17 | 739,551 | 6,594,736 | |
Finance cost paid | (493,355) | (621,730) | ||
Income on bank deposits received Staff retirement benefits paid Payment on account of compensated absences | 42,472 (3,08t) (8,136) | 171,373 (16,466) | ||
Income tax paid | (1,228,348) | (894,768) | ||
(1,688,447) | (1,361,591) | |||
Net cash (used in) / generated from operating activities | (948,896) | 5,233,145 | ||
CASH FLOWS FROM INVESTING ACTIVITIES | ||||
Payment for acquisition of property, plant and equipment | 5 | (332,965) | (570,905) | |
Payment for acquisition of intangible asset | - | (54,777) | ||
Proceeds from disposal of property, plant and e9LI'pment | 43,072 | 64,712 | ||
Dividend from Associate | 89,77B | (48,450) | ||
Investment in Pakistan Investment Bond | - | (4,951,136) | ||
Proceeds of Term Deposit Receipt | 250,000 | 250,000 | ||
Net cash generated from / (used in) investing activities | 49,885 | (5,310,556) | ||
CASH FLOWS FROM FINANCING ACTIVITIES | ||||
Repayment of long term financing | (102,196) | (198,401) | ||
Proceeds from short term borrowings - net | 1,535,387 | 4,875,076 | ||
Lease rentals paid | (16,718) | (13,455) | ||
Dividend paid | (1,089,747) | (1,305,832) | ||
Net cash generated from financing activities | 326,726 | 3,357,388 | ||
Net (decrease) / increase in cash and cash equivalents | (572,285) | 3,279,977 | ||
Cash and cash equivalents at beginning of the period | 2,402,737 | 1,974,102 | ||
Cash and cash equivalents at end of the period | 18 | 1,830,452 | 5,254,079 | |
The annexed notes from 1 to 23 form an integral part of these condensed interim financial statements.
Nihal Casslm Director & Chairman
Board Audit Committee
an Ahmed Chief Financ(al Offlcer
Samlr M.Chinoy Chief Executive Officer