IGI Holdings Reports Reduced Earnings for First Half of 2026

Lahore: IGI Holdings Limited announced its financial results for the first half of 2026, reflecting a decline in both income and profit compared to the previous year. The Board of Directors, in a meeting held on August 25, 2026, approved the company's condensed interim financial statements for the period ending June 30, 2026.

The company's total income for the half year stood at Rs. 591.04 million, compared to Rs. 736.16 million for the same period in 2025. This represents a very large or significant move, indicating a notable decrease in income. Additionally, the profit after taxation for the first half of 2026 was reported at Rs. 334.91 million, down from Rs. 495.37 million a year earlier.

According to information available from the Pakistan Stock Exchange (PSX), IGI Holdings declared an interim cash dividend of Rs. 2.5 per share, equating to a 25% dividend for the half year. No bonus shares or right shares were announced, nor were there any other entitlements or corporate actions.

The company's statement of financial position showed total assets amounting to Rs. 18.84 billion as of June 30, 2026, slightly down from Rs. 18.86 billion recorded at the end of December 2025. Non-current assets remained stable at Rs. 18.54 billion, while current assets decreased marginally to Rs. 300.13 million from Rs. 311.87 million.

On the liabilities side, IGI Holdings reported an increase in short-term loans, rising to Rs. 2.29 billion from Rs. 1.83 billion at the end of 2025. The total liabilities increased to Rs. 2.57 billion, up from Rs. 2.14 billion, marking a very large or significant move in this category.

The company's earnings per share for the half year stood at Rs. 2.35, a decrease from Rs. 3.47 in the prior year, reflecting the overall reduction in profitability. The decrease in earnings per share is also evident in the quarterly comparison, with Rs. 3.35 reported for the second quarter of 2026, down from Rs. 4.02 in the same quarter last year.

IGI Holdings operates within the financial sector, and these results illustrate the challenges faced during the first half of 2026. The company remains committed to enhancing shareholder value despite the current financial constraints.