Karachi: IGI Holdings Limited has reported a decrease in its unconsolidated profit for the nine months ending September 30, 2026, as per the financial results released in a statement dated October 27, 2026.
The company recorded a profit after taxation of 827.56 million rupees for the nine-month period, down from 997.02 million rupees in the same period last year. This represents a very large decline of 17.02% in profits. The earnings per share also decreased from 6.99 rupees to 5.80 rupees over the same periods.
The financial results, which are categorized under the financial sector, showed total income for the nine months at 1.20 billion rupees, a decline from 1.36 billion rupees in the previous year. Dividend income was reported at 1.20 billion rupees compared to 1.36 billion rupees in 2025, while other income showed a minor move, decreasing from 6.44 million rupees to 6.04 million rupees.
Total expenses for the period stood at 351.32 million rupees, slightly higher than the 343.09 million rupees recorded in the corresponding period of the previous year. This increase was primarily due to a rise in general and administrative expenses, which increased to 159.18 million rupees from 134.86 million rupees, and finance costs, which decreased to 192.15 million rupees from 208.24 million rupees.
According to information available from the Pakistan Stock Exchange (PSX), for the quarter ending September 30, 2026, the company posted a profit after taxation of 492.65 million rupees, down from 597.28 million rupees in the same quarter the previous year. This represents a significant decline of 17.50% in quarterly profits. Earnings per share for the quarter reduced from 4.19 rupees to 3.45 rupees.
The company's total income for the quarter was 611.35 million rupees, a decrease from 805.71 million rupees in the same period of the last year. Dividend income recorded for the quarter was 610.00 million rupees, compared to 805.95 million rupees in the previous year’s quarter. Other income showed positive movement, increasing to 1.35 million rupees from a negative 240,000 rupees in the previous year.
The expenses for the quarter amounted to 120.00 million rupees, down from 188.04 million rupees in the previous year. The reduction in expenses was attributed to a decrease in finance costs, which fell to 68.46 million rupees from 134.63 million rupees. General and administrative expenses were slightly lower at 51.54 million rupees compared to 53.40 million rupees in the same period last year.
The tax impact for the nine months was a charge of 23.51 million rupees, compared to 22.28 million rupees in the same period last year. For the quarter, the tax credit was 1.30 million rupees, compared to a charge of 20.40 million rupees in the previous year’s quarter.