Karachi: Image Pakistan Limited has reported a substantial rise in profitability for the nine months ending March 31, 2025, driven by increased revenue and improved operational efficiency. According to the company's consolidated condensed interim statement of financial position, Image Pakistan's profit after taxation surged to 766.31 million rupees, compared to 483.74 million rupees during the same period last year.

The company's revenue for the nine-month period amounted to 3.33 billion rupees, marking an increase from 2.87 billion rupees recorded in the previous year. Cost of sales was reported at 1.63 billion rupees, slightly lower than the 1.63 billion rupees from the prior year, contributing to a gross profit of 1.70 billion rupees, up from 1.24 billion rupees.

Operating profit also saw a notable rise, reaching 1.04 billion rupees from 622.11 million rupees in the corresponding period last year. This improvement was attributed to a combination of lower finance costs, which decreased to 48.80 million rupees from 61.86 million rupees, and a slight increase in other income to 4.02 million rupees.

The company's current assets increased significantly to 4.21 billion rupees from 3.23 billion rupees, with stock-in-trade and trade debtors showing notable increments. Stock-in-trade rose to 2.66 billion rupees from 2.15 billion rupees, while trade debtors increased to 476.38 million rupees from 265.79 million rupees. Cash and bank balances also showed a substantial increase, rising to 412.76 million rupees from 125.73 million rupees.

According to information available from the Pakistan Stock Exchange (PSX), Image Pakistan's equity and liabilities totaled 6.23 billion rupees as of March 31, 2025. The shareholders' equity stood at 4.51 billion rupees, up from 3.75 billion rupees in June 2024, reflecting a healthy financial position.

The company's administrative and distribution expenses increased slightly, with distribution and selling expenses rising to 458.35 million rupees from 406.83 million rupees, and administrative expenses marginally up to 212.59 million rupees from 211.78 million rupees. Despite these increases, the overall financial performance remained robust.

Image Pakistan's earnings per share were reported at 3.33 rupees, a slight decrease from 3.67 rupees in the previous year. However, the company's financial indicators reflect a positive trajectory in its operational efficiency and market performance within the designated market category of manufacturing and trading.

The financial statement also highlighted the company's strong asset base, with non-current assets including property, plant, and equipment valued at 1.98 billion rupees, up from 1.87 billion rupees in June 2024. Long-term deposits saw a slight decrease to 36.43 million rupees from 37.11 million rupees.

In terms of liabilities, Image Pakistan reported an increase in non-current liabilities to 212.40 million rupees from 42.72 million rupees, and the diminishing Musharika financing facility rose to 201.45 million rupees from 110.32 million rupees. Current liabilities were reported at 1.17 billion rupees, slightly up from 1.09 billion rupees.

Image Pakistan's financial performance for the period reflects strategic growth and operational resilience, positioning the company for further advancements in the coming quarters.