Karachi: International Steels Limited (ISL) has released its financial results for the half-year ending December 31, 2025, revealing a robust performance. The company announced an interim cash dividend of Rs. 2.00 per share, representing a 20% return to shareholders, as per the board meeting held on January 27, 2026.

According to the financial statement, ISL's total assets increased to Rs. 51.20 billion from Rs. 50.07 billion in the previous period. The company saw a rise in its current assets, which amounted to Rs. 30.07 billion, up from Rs. 28.46 billion. Notably, stock-in-trade and trade debts showed significant changes, with stock-in-trade rising to Rs. 24.85 billion from Rs. 21.80 billion, while trade debts decreased to Rs. 638.40 million from Rs. 1.35 billion.

Shareholders' equity reached Rs. 25.64 billion from Rs. 25.11 billion. The non-current liabilities decreased to Rs. 2.15 billion from Rs. 2.64 billion, indicating a reduction in long-term financial obligations. Conversely, current liabilities increased slightly to Rs. 23.41 billion from Rs. 22.31 billion, primarily due to a rise in short-term borrowings from Rs. 4.55 billion to Rs. 6.11 billion.

The company reported revenue of Rs. 43.95 billion for the six months ended December 31, 2025, compared to Rs. 31.80 billion in the same period the previous year. This increase in revenue corresponds with a rise in the cost of sales to Rs. 39.29 billion from Rs. 29.42 billion, resulting in a gross profit of Rs. 4.66 billion, a big move from the prior year's Rs. 2.38 billion.

Finance costs amounted to Rs. 621.71 million, while other expenses increased to Rs. 405.22 million. Despite these expenses, the operating profit improved to Rs. 3.05 billion from Rs. 1.32 billion. The profit before income tax also showed a notable increase, reaching Rs. 2.48 billion from Rs. 826.61 million.

According to information available from the Pakistan Stock Exchange (PSX), International Steels Limited's earnings per share for the period stood at Rs. 3.71, reflecting a big move from Rs. 1.23 in the previous year. The company's income tax expense rose to Rs. 867.28 million from Rs. 292.52 million, leading to a net profit of Rs. 1.61 billion, up from Rs. 534.09 million.

The cash flow statement highlighted a net cash outflow from operating activities of Rs. 948.90 million, compared to a significant inflow of Rs. 5.23 billion in the previous year. Cash and bank balances at the end of the period were reported at Rs. 1.83 billion, down from Rs. 3.44 billion at the beginning of the period.

In conclusion, International Steels Limited has demonstrated a strong financial performance for the half-year ending December 31, 2025, marked by increased revenue and net profit, despite a decrease in cash flow from operating activities. Shareholders will benefit from a 20% interim cash dividend, with the book closure period set from February 10 to February 12, 2026.