Karachi: Ibrahim Fibres Limited has released its unaudited financial results for the second quarter and half-year ending June 30, 2026. The company reported a significant financial downturn compared to the same period last year.

The company's Polyester Plant produced 112,706 tons of Polyester Staple Fibre (PSF) during the half-year period, reflecting a decrease from the 122,057 tons produced in the corresponding period of the previous year. Additionally, the consumption of PSF by the company's textile plants for the production of blended yarns fell to 9,823 tons, down from 12,182 tons in the previous year. The total production of blended yarns also saw a decline, with 17,967 tons produced compared to 19,757 tons in the prior year.

Financially, Ibrahim Fibres reported net sales of Rs. 53,820 million, a slight increase from Rs. 53,328 million in the same period last year. Despite this, the company experienced a decrease in gross profit, earning Rs. 4,298 million compared to Rs. 5,020 million previously.

The report highlighted a loss before levy and tax of Rs. 737 million and a loss after levy and tax of Rs. 903 million. In contrast, the previous year saw a profit before levy and tax of Rs. 2,248 million and a profit after levy and tax of Rs. 1,440 million. According to information available from the Pakistan Stock Exchange (PSX), this financial downturn is primarily due to a liability recognized as part of a settlement agreement with the Government of Sindh related to the Sindh Infrastructure Development Cess.

This development marks a significant move for the company, as it navigates challenges in production and financial performance within the current market conditions.