Karachi: Image Pakistan Limited has released its financial results for the fiscal year ending June 30, 2026, showing a decline in profitability primarily due to increased operating expenses. The company's profit after taxation decreased to Rs. 659.59 million from Rs. 759.88 million in the previous year, according to the report dated October 6, 2026.
The company's revenue for the year was Rs. 4.38 billion, a decrease from Rs. 4.60 billion in the previous year. The cost of sales also decreased to Rs. 2.33 billion from Rs. 2.47 billion. Despite a reduction in cost of sales, the gross profit fell slightly to Rs. 2.05 billion from Rs. 2.12 billion.
Image Pakistan Limited's distribution and selling expenses increased to Rs. 719.43 million, up from Rs. 630.20 million, and administrative expenses were Rs. 332.31 million, slightly down from Rs. 334.01 million. Other income, however, showed an improvement, recording a gain of Rs. 0.34 million compared to a loss of Rs. 30.29 million in the previous year.
Operating profit for the year was Rs. 994.08 million, down from Rs. 1.13 billion in the previous year. The finance cost increased significantly to Rs. 255.87 million from Rs. 179.87 million. This contributed to a lower profit before taxation of Rs. 704.42 million, compared to Rs. 922.82 million in the prior year.
According to information available from the Pakistan Stock Exchange (PSX), the company's earnings per share decreased to Rs. 2.86 from Rs. 3.30. The decrease is attributed to the drop in net profit and the increase in the company's finance costs and distribution expenses.
The consolidated statement of financial position shows total assets of Rs. 8.25 billion, up from Rs. 7.17 billion in 2025. Non-current assets, including property, plant and equipment, increased to Rs. 2.05 billion from Rs. 1.95 billion. The right-of-use assets saw a significant increase to Rs. 902.31 million, up from Rs. 619.64 million.
Current assets rose to Rs. 5.21 billion from Rs. 4.50 billion, with a notable increase in cash and bank balances to Rs. 298.57 million from Rs. 97.06 million. The company's stock-in-trade decreased to Rs. 2.31 billion from Rs. 2.60 billion.
On the liabilities side, non-current liabilities were recorded at Rs. 1.56 billion, up from Rs. 1.24 billion. Lease liabilities increased to Rs. 820.20 million from Rs. 518.78 million. Current liabilities also saw an increase to Rs. 1.93 billion from Rs. 1.61 billion, driven by new short-term borrowings and trade payables.
The company's shareholders' equity grew to Rs. 4.76 billion from Rs. 4.33 billion, reflecting an increase in revenue reserves to Rs. 1.67 billion from Rs. 1.22 billion. The non-controlling interest also increased to Rs. 0.45 million from Rs. 0.31 million.