Karachi: International Steels Limited (ISL) has reported a robust operational and financial recovery for the fiscal year 2025-26, as detailed in its 19th Annual Report released on September 14, 2026. The company, which operates within the designated market category of flat-steel manufacturing, saw a significant increase in both domestic and export sales, reflecting its strategic focus on market participation and operational efficiency.
Net sales revenue surged by 50% to PKR 93.4 billion, a substantial increase from the previous year's PKR 62.3 billion. This growth was driven by higher volumes and improved market penetration, with domestic market share rising from 23% to 28%. Export volumes expanded by 108%, broadening ISL's international reach. The company's gross profit margin also improved, rising to 11.5% from 8.9% in the prior year, primarily due to enhanced capacity utilization and cost management.
According to information available from the Pakistan Stock Exchange (PSX), ISL recorded a profit after taxation of PKR 3.67 billion, marking a 135% increase from the previous year's PKR 1.56 billion. This growth in profitability underscores the company's strategic execution in navigating a challenging global steel environment characterized by subdued conditions and trade tensions.
ISL's strategy emphasized operational excellence, with production reaching 447 KMT and a gross margin increase to 11.49% from 8.58%. The company invested in energy efficiency, supported by a 6.4 MW solar facility, contributing to a diversified energy portfolio that includes a 19 MW captive power plant and grid-supplied electricity. These measures helped reduce per-unit energy costs and carbon emissions.
The company maintained its focus on health, safety, and environmental standards, completing 288 consecutive days without a Lost Time Injury by June 30, 2026. Initiatives such as the HSE Reward Programme and QHSE recertification audits reinforced its commitment to workplace safety and compliance.
ISL's financial strategy included disciplined working-capital management, reducing year-end short-term borrowings by PKR 5.0 billion to PKR 11.0 billion. The company announced an interim dividend of Rs. 2.00 per share and a final dividend of Rs. 3.00 per share for 2026.
As part of its human resources strategy, ISL promoted industrial harmony and talent development, recording an employee turnover rate of 5.88% and increasing female workforce representation by approximately 60% over three years. The company employed 724 individuals and invested over 9,000 training man-hours in various competencies.
In conclusion, ISL's strategic focus on strengthening its core flat-steel business, coupled with disciplined financial management and operational excellence, has positioned the company to navigate both domestic and international challenges effectively, ensuring sustained growth and value creation for stakeholders.