Lahore: Ittefaq Iron Industries Ltd, a prominent player in the manufacturing sector, has disclosed its financial performance for the year ending June 30, 2026, in its annual report released on October 5, 2026. The report highlights a challenging year for the company, marked by increased liabilities and declining profitability.

The company's total equity and liabilities rose to 5.48 billion Rupees from the previous year's 5.37 billion Rupees. This increase is primarily attributed to a significant rise in current liabilities, which surged to 1.85 billion Rupees from 1.40 billion Rupees. Trade and other payables experienced a substantial increase to 698.68 million Rupees, reflecting heightened financial obligations. Non-current liabilities, however, showed a slight decrease, standing at 461.43 million Rupees compared to 467.59 million Rupees in 2025.

Ittefaq's revenue from contracts with customers fell to 2.40 billion Rupees from 2.65 billion Rupees, indicating a downward trend in sales. This decline, coupled with a higher cost of sales at 2.50 billion Rupees, resulted in a gross loss of 96.86 million Rupees. The company's administrative and general expenses increased to 113.37 million Rupees, while finance costs reduced to 53.70 million Rupees from the previous 88.56 million Rupees.

According to information available from the Pakistan Stock Exchange (PSX), Ittefaq Iron Industries' loss before levies and taxation amounted to 291.22 million Rupees, a significant improvement from the previous year's loss of 664.96 million Rupees. However, the loss after taxation remained substantial at 321.98 million Rupees, although this too marked an improvement from the 657.98 million Rupees loss recorded in 2025.

The company's total assets were reported to be 5.48 billion Rupees, with non-current assets decreasing to 2.15 billion Rupees from 2.30 billion Rupees, primarily due to a drop in property, plant, and equipment. Current assets increased to 3.33 billion Rupees, influenced by a notable rise in stock-in-trade, which reached 1.16 billion Rupees. Cash and bank balances declined to 30.46 million Rupees from 59.13 million Rupees.

The report underscores a challenging fiscal year for Ittefaq Iron Industries, with the loss per share narrowing to 2.23 Rupees from 4.56 Rupees, indicating a moderate move in the company's financial performance.