Lahore: Ibrahim Fibres Limited has announced its financial results for the half-year ending June 30, 2026, revealing a loss of 903.20 million rupees. The announcement was made following the Board of Directors meeting held on August 21, 2026, at the company’s Lahore office.
According to the financial report, the company experienced a decline in net sales, which amounted to 53.82 billion rupees, a minor move from the 53.33 billion rupees recorded during the same period last year. The cost of goods sold stood at 49.52 billion rupees, leading to a gross profit of 4.30 billion rupees. However, the company faced significant challenges with their operating expenses.
The selling and distribution expenses recorded were 363.18 million rupees, while administrative expenses were 1.39 billion rupees. Other operating expenses sharply increased, noted at 2.56 billion rupees. Finance costs added further pressure, totaling 738.99 million rupees for the half-year period.
The company’s current assets decreased from 55.40 billion rupees as of December 31, 2025, to 50.41 billion rupees as of June 30, 2026. Trade debts rose to 4.25 billion rupees, and cash and bank balances increased to 167.79 million rupees. Current liabilities saw a reduction to 19.41 billion rupees from 25.16 billion rupees at the end of 2025.
According to information available from the Pakistan Stock Exchange (PSX), Ibrahim Fibres Limited’s financial performance has been impacted by various economic factors. The company’s net worth was reported at 56.80 billion rupees, a slight decrease from the previous year’s figure of 57.72 billion rupees.
The financial report indicated no cash dividend, bonus shares, right shares, or any other corporate actions for the period. The earnings per share fell to a negative 2.91 rupees, compared to a positive 4.64 rupees in the previous year.
Despite the challenges presented in the first half of 2026, Ibrahim Fibres Limited continues to adapt to market conditions within its designated market category. The company’s financial statements, attached as ‘Annexure A’, provide further insights into its current position and future prospects.