Lahore: The Board of Directors of IGI Holdings Limited has approved the annual audited financial statements for the year ended December 31, 2024, and declared a final cash dividend of Rs. 4 per share. This decision was made during a board meeting held on March 24, 2025, at the company's Lahore office and via video-link.
The final cash dividend represents a 40% payout on the shares. This is in addition to an interim dividend of Rs. 2 per share, amounting to a 20% payout, already distributed to shareholders earlier in the year. The company has announced no issuance of bonus or right shares and no other corporate actions or price-sensitive information were reported.
The Annual General Meeting (AGM) of IGI Holdings Limited will convene on April 30, 2025, at 3:30 p.m. in Karachi, with provisions for attendance via video link. The final dividend will be distributed to shareholders listed in the Register of Members by April 23, 2025. The share transfer books will be closed from April 24 to April 30, 2025, for this purpose.
According to information available from the Pakistan Stock Exchange (PSX), IGI Holdings Limited reported total assets amounting to 16.13 billion. The company’s equity stood at 15.81 billion, with current liabilities totaling 314.20 million. The company's profit after taxation was recorded at 1,351.83 million, with earnings per share of Rs. 9.48.
The company reported a total income of 1,640.24 million, while general and administrative expenses were 178.33 million. Finance costs were reduced to 125.58 million, down from the previous year. The profit before taxation was 1,332.65 million, with a net taxation benefit of 19.17 million.
IGI Holdings' consolidated statement of cash flows indicated a net cash generation from operating activities of 3,789.87 million. The company used 1,422.99 million in net cash for financing activities. Cash and cash equivalents at the end of the year were reported at 5,559.55 million.
The annual report for 2024 will be disseminated via PUCARS and made available on the company's website. The designated market category for IGI Holdings Limited is Financials.