Karachi: ICC Industries Limited has reported a notable turnaround in its financial performance for the fiscal year ending June 30, 2026, as outlined in its annual report dated October 9, 2026. The company posted an after-tax profit of Rs. 9.623 million, a significant improvement from the after-tax loss of Rs. 16.538 million recorded in the previous year. This positive outcome was supported by a substantial increase in revenue and strategic financial management.
The company's revenue rose to Rs. 65.233 million, marking a growth from Rs. 50.148 million in the prior period. This increase of Rs. 15.085 million was attributed to enhanced utilization of the factory premises for warehousing services at improved rates. Consequently, the gross profit for the year amounted to Rs. 30.511 million.
Operating profit also saw a positive shift, reaching Rs. 15.651 million, compared to an operating loss of Rs. 10.077 million in the previous year. This change was supported by a decrease in administrative expenses by Rs. 8.487 million, primarily due to the Chief Executive Officer's decision to forego his salary during the period under review. Additionally, the reversal of certain accruals, amounting to Rs. 15.531 million, contributed to the other income segment.
Finance costs increased to Rs. 252,200 from Rs. 136,876, yet the overall profit before taxation stood at Rs. 15.129 million. The taxation expense for the year was Rs. 5.506 million, leading to the reported after-tax profit of Rs. 9.623 million. According to information available from the Pakistan Stock Exchange (PSX), the earnings per share for the year was calculated at Rs. 0.32, a turnaround from the loss per share of Rs. 0.55 in the preceding period.
The company's total comprehensive income for the year, including other comprehensive income items such as actuarial gains on employee benefit obligations and revaluation surplus on machinery, was Rs. 15.905 million.
ICC Industries Limited’s financial recovery reflects its focused approach in revenue generation and expense management, positioning the company for continued stability in the designated market category.