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ICL Ittehad Chemicals Limted

Latest results: FY2026 · Jun 2026

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Last close · 16 Oct 2026

Rs 130.00 -0.01%

Annual · FY2007 – FY2026

Ittehad Chemicals Limted (ICL) balance sheet

At the end of FY2026 (Jul 2025 – Jun 2026) Ittehad Chemicals Limted had total assets of Rs 23.1 bn, up 15.1% on FY2025. Current assets of Rs 11.8 bn covered current liabilities of Rs 8.9 bn 1.33 times. Total debt was Rs 5.2 bn, net debt Rs 4.8 bn. Shareholders' equity was Rs 11.6 bn (Rs 116.49 per share), 50.4% of total assets.

ICL balance sheet (annual) (Rs bn)
Rs bn FY2026 Jul 2025 – Jun 2026 FY2025 Jul 2024 – Jun 2025 FY2024 Jul 2023 – Jun 2024 FY2023 Jul 2022 – Jun 2023 FY2022 Jul 2021 – Jun 2022
Assets
Cash & short-term investments 0.5 0.5 0.3 1.2 0.2
Trade receivables 4.7 3.3 3.0 1.9 1.8
Inventories 4.6 3.4 2.9 2.7 2.7
Other current assets 0.6 0.5 0.2 0.0 0.0
Total current assets 11.8 9.0 7.8 6.8 5.7
Property, plant & equipment 9.4 8.6 8.8 7.2 6.7
Intangible assets — — 0.0 0.0 0.0
Long-term investments 1.9 2.4 0.7 0.6 0.4
Other non-current assets 0.1 0.1 0.1 0.1 0.1
Total non-current assets 11.3 11.1 9.5 7.9 7.2
Total assets 23.1 20.1 17.3 14.7 12.9
Liabilities
Trade payables 5.0 3.3 3.2 3.7 3.2
Short-term borrowings & current portion of debt 3.4 5.0 2.9 2.1 2.4
Total current liabilities 8.9 8.5 6.6 6.2 5.8
Long-term debt 1.9 0.5 0.6 1.1 1.3
Other non-current liabilities 0.8 0.8 0.8 0.6 0.7
Total non-current liabilities 2.6 1.3 1.4 1.8 1.9
Total liabilities 11.5 9.9 8.0 8.0 7.7
Equity
Share capital 1.0 1.0 1.0 1.0 1.0
Reserves & retained earnings 10.6 9.2 8.1 5.5 4.0
Equity attributable to shareholders 11.6 10.2 9.3 6.7 5.2
Non-controlling interest 0.0 0.0 0.0 0.0 0.0
Total equity 11.6 10.2 9.3 6.7 5.2
Total liabilities & equity 23.1 20.1 17.3 14.7 12.9
Key figures
Total debt 5.2 5.4 3.5 3.2 3.7
Net debt / (net cash) 4.8 5.0 3.2 2.0 3.5
Shares outstanding mn 100.0 100.0 100.0 100.0 100.0
Common equity 11.6 10.2 9.3 6.7 5.2
Book value per share (Rs) Rs 116.49 102.34 92.87 67.03 51.81
ICL balance sheet — year-on-year change (Rs mn)
Rs mn FY2026 Jul 2025 – Jun 2026 FY2025 Jul 2024 – Jun 2025 FY2024 Jul 2023 – Jun 2024 FY2023 Jul 2022 – Jun 2023 FY2022 Jul 2021 – Jun 2022
Assets
Cash & short-term investments -1.1% +52.6% -75.4% +524.6% -42.1%
Trade receivables +42.5% +8.8% +55.5% +8.5% +53.1%
Inventories +35.7% +15.1% +7.5% +2.5% +70.3%
Other current assets +9.5% +167.2% +437.5% +38.8% -19.2%
Total current assets +30.8% +16.0% +13.8% +19.6% +41.2%
Property, plant & equipment +8.9% -1.3% +21.1% +8.0% +9.0%
Intangible assets — — -49.1% -32.9% -74.7%
Long-term investments -21.4% +251.6% +20.0% +37.6% +32.9%
Other non-current assets +0.1% +0.2% -4.8% +27.4% +4.4%
Total non-current assets +2.3% +16.6% +20.8% +9.8% +10.0%
Total assets +15.1% +16.4% +17.5% +14.2% +22.0%
Liabilities
Trade payables +55.0% +0.2% -13.1% +15.7% +51.0%
Short-term borrowings & current portion of debt -32.4% +69.8% +40.7% -15.0% +44.5%
Total current liabilities +3.7% +30.1% +5.7% +7.6% +49.0%
Long-term debt +280.7% -16.3% -48.4% -10.2% -1.0%
Other non-current liabilities -8.1% -0.4% +28.5% -1.3% +23.8%
Total non-current liabilities +99.3% -6.9% -20.5% -7.2% +6.3%
Total liabilities +16.4% +23.5% -0.1% +3.9% +35.5%
Equity
Share capital 0.0% 0.0% 0.0% 0.0% +18.1%
Reserves & retained earnings +15.3% +13.9% +46.7% +38.0% +8.3%
Equity attributable to shareholders +13.8% +10.2% +38.5% +29.4% +6.3%
Non-controlling interest — — — — —
Total equity +13.8% +10.2% +38.5% +29.4% +6.3%
Total liabilities & equity +15.1% +16.4% +17.5% +14.2% +22.0%
Key figures
Total debt -4.3% +55.5% +9.3% -13.4% +25.0%
Net debt / (net cash) -4.6% +55.8% +61.8% -43.5% +33.6%
Shares outstanding — — — — —
Common equity +13.8% +10.2% +38.5% +29.4% +6.3%
Book value per share (Rs) +13.8% +10.2% +38.5% +29.4% +6.3%

Change against the previous fiscal year; shown when the earlier figure is positive.

ICL balance sheet — common size (Rs mn)
Rs mn FY2026 Jul 2025 – Jun 2026 FY2025 Jul 2024 – Jun 2025 FY2024 Jul 2023 – Jun 2024 FY2023 Jul 2022 – Jun 2023 FY2022 Jul 2021 – Jun 2022
Assets
Cash & short-term investments 2.0% 2.3% 1.7% 8.3% 1.5%
Trade receivables 20.2% 16.3% 17.5% 13.2% 13.9%
Inventories 19.8% 16.8% 17.0% 18.6% 20.7%
Other current assets 2.6% 2.7% 1.2% 0.3% 0.2%
Total current assets 51.0% 44.9% 45.0% 46.5% 44.4%
Property, plant & equipment 40.7% 43.0% 50.7% 49.2% 52.0%
Intangible assets — — 0.0% 0.0% 0.0%
Long-term investments 8.1% 11.8% 3.9% 3.8% 3.2%
Other non-current assets 0.3% 0.3% 0.4% 0.5% 0.4%
Total non-current assets 49.0% 55.1% 55.0% 53.5% 55.6%
Total assets 100.0% 100.0% 100.0% 100.0% 100.0%
Liabilities
Trade payables 21.8% 16.2% 18.8% 25.4% 25.1%
Short-term borrowings & current portion of debt 14.5% 24.7% 16.9% 14.1% 19.0%
Total current liabilities 38.3% 42.5% 38.1% 42.3% 44.9%
Long-term debt 8.0% 2.4% 3.4% 7.7% 9.8%
Other non-current liabilities 3.3% 4.1% 4.8% 4.4% 5.1%
Total non-current liabilities 11.3% 6.5% 8.2% 12.1% 14.8%
Total liabilities 49.6% 49.1% 46.2% 54.4% 59.7%
Equity
Share capital 4.3% 5.0% 5.8% 6.8% 7.8%
Reserves & retained earnings 46.0% 46.0% 47.0% 37.6% 31.1%
Equity attributable to shareholders 50.4% 50.9% 53.8% 45.6% 40.3%
Non-controlling interest 0.0% 0.0% 0.0% 0.0% 0.0%
Total equity 50.4% 50.9% 53.8% 45.6% 40.3%
Total liabilities & equity 100.0% 100.0% 100.0% 100.0% 100.0%
Key figures
Total debt 22.5% 27.1% 20.3% 21.8% 28.7%
Net debt / (net cash) 20.6% 24.8% 18.5% 13.5% 27.2%
Common equity 50.4% 50.9% 53.8% 45.6% 40.3%

Each line as a percentage of total assets.

Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. * Figures in this period do not fully reconcile in the source data (hover the * for details). Updated 16 Oct 2026.

All reported line items 183
ICL balance sheet — all reported line items (Rs bn)
Rs bn FY2026 Jul 2025 – Jun 2026 FY2025 Jul 2024 – Jun 2025 FY2024 Jul 2023 – Jun 2024 FY2023 Jul 2022 – Jun 2023 FY2022 Jul 2021 – Jun 2022
Cash & Cash Equivalents 0.5 0.4 0.3 0.9 0.2
Cash & Short Term Investments 0.5 0.5 0.3 1.2 0.2
Short-Term Investments - Total 0.0 0.0 0.0 0.3 —
Loans & Receivables - Net - Short-Term 6.1 4.6 4.3 2.8 2.8
Loans & Receivables - Total 6.1 4.6 4.3 2.8 2.8
Trade Accounts & Trade Notes Receivable - Net 4.7 3.3 3.0 1.9 1.8
Trade Accounts & Trade Notes Receivable - Gross — — — — —
Provision - Trade Accounts & Trade Notes Receivable — — — — —
Loans - Short-Term 0.4 0.2 0.3 0.2 0.3
Income Tax - Receivables - Short-Term 1.0 1.1 1.1 0.7 0.8
Receivables - Other - Total — — — — —
Accounts & Notes Receivable - Trade - Gross - Total — — — — —
Inventories - Total 4.6 3.4 2.9 2.7 2.7
Inventories - Raw Materials — — — — —
Inventories - Work in Progress — — — — —
Inventories - Finished Goods — — — — —
Inventories - Other - Total 4.6 3.4 2.9 2.7 2.7
Prepaid Expenses - Short-Term — — — — —
Investments - Total 1.9 2.4 0.7 0.9 0.4
Assets Held for Sale/Discontinued Operations - Short-Term 0.1 0.0 — — —
Other Current Assets - Total 0.6 0.5 0.2 0.0 0.0
Property, Plant & Equipment - Net - Total 9.4 8.6 8.8 7.2 6.7
Property, Plant & Equipment - Gross - Total — — — — —
Property, Plant & Equipment - Accumulated Depreciation & Impairment - Total — — — — —
Other Current Assets 0.6 0.5 0.2 0.0 0.0
Other Assets - Total 0.7 0.6 0.3 0.1 0.1
Intangible Assets - Total - Net — — 0.0 0.0 0.0
Total Current Assets 11.8 9.0 7.8 6.8 5.7
Intangible Assets - excluding Goodwill - Net - Total — — — — —
Investments - Long-Term 1.9 2.4 0.7 0.6 0.4
Investment Property - Net 0.0 0.7 0.7 0.6 0.4
Investments - Available for Sale/Held to Maturity - Long-Term 1.9 1.7 0.0 0.0 0.0
Intangible Assets - excluding Goodwill - Gross — — — — —
Goodwill/Cost in Excess of Assets Purchased - Net — — — — —
Intangible Assets - excluding Goodwill - Accumulated Amortization & Impairment - Total — — — — —
Computer Software - Intangible Assets - Net — — — — —
Property, Plant & Equipment - excluding Assets Leased Out - Net - Total — — 8.8 7.2 6.7
Land & Buildings - Net — — — — —
Land/Improvements - Net — — — — —
Buildings - Net — — — — —
Computer Software - Intangible Assets - Gross — — — — —
Plant, Machinery & Equipment - Net — — — — —
Transportation Equipment - Net — — — — —
Construction in Progress - Net — — 0.3 0.9 0.4
Property, Plant & Equipment - Other - Net — — 8.5 6.3 6.3
Computer Software - Intangible Assets - Accumulated Amortization & Impairment — — — — —
Intangible Assets - Other - Accumulated Amortization & Impairment — — — — —
Property, Plant & Equipment - excluding Assets Leased Out - Gross — — — — —
Land & Buildings - Gross — — — — —
Land/Improvements - Gross — — — — —
Buildings - Gross — — — — —
Plant, Machinery & Equipment - Gross — — — — —
Transportation Equipment - Gross — — — — —
Construction in Progress - Gross — — — — —
Property, Plant & Equipment - Under Capital Lease - Gross — — — — —
Total Assets 23.1 20.1 17.3 14.7 12.9
Property, Plant & Equipment - Other - Gross — — — — —
Debt - Total 5.2 5.4 3.5 3.2 3.7
Short-Term Debt & Current Portion of Long-Term Debt 3.4 5.0 2.9 2.1 2.4
Property, Plant & Equipment - excluding Assets Leased Out - Accumulated Depreciation & Impairment - Total — — — — —
Land & Buildings - Accumulated Depreciation & Impairment — — — — —
Land/Improvements - Accumulated Depreciation & Impairment — — — — —
Buildings - Accumulated Depreciation & Impairment — — — — —
Current Portion of Long-Term Debt including Capitalized Leases 0.8 0.4 0.6 0.8 0.6
Plant, Machinery & Equipment - Accumulated Depreciation & Impairment — — — — —
Transportation Equipment - Accumulated Depreciation & Impairment — — — — —
Capitalized Leases - Current Portion — — 0.0 0.0 0.0
Short-Term Debt & Notes Payable 2.6 4.5 2.3 1.3 1.8
Debt - Long-Term - Total 1.9 0.5 0.6 1.1 1.3
Property, Plant & Equipment - Other - Accumulated Depreciation & Impairment — — — — —
Current Portion of Long-Term Debt excluding Capitalized Leases 0.8 0.4 0.6 0.8 0.6
Capitalized Lease Obligations - Long-Term — — 0.0 0.0 0.0
Long-Term Debt excluding Capitalized Leases 1.9 0.5 0.6 1.1 1.2
Other Non-Current Assets - Total 0.1 0.1 0.1 0.1 0.1
Debt - Non-Convertible - Long-Term 1.9 0.5 0.6 1.1 1.2
Dividends Payable 0.0 0.0 0.0 0.0 0.0
Deferred Tax & Investment Tax Credits - Long-Term — — — — —
Deferred Charges - Long-Term — — — — —
Deferred Tax - Liability - Long-Term — — — — —
Payables & Accrued Expenses 5.0 3.3 3.2 3.7 3.2
Trade Account Payables - Total 5.0 3.3 3.2 3.7 3.2
Other Non-Current Assets 0.1 0.1 0.1 0.1 0.1
Accrued Expenses — — — — —
Total Liabilities 11.5 9.9 8.0 8.0 7.7
Shareholders' Equity - Attributable to Parent Shareholders - Total 11.6 10.2 9.3 6.7 5.2
Total Non-Current Assets 11.3 11.1 9.5 7.9 7.2
Common Equity Attributable to Parent Shareholders 11.6 10.2 9.3 6.7 5.2
Common Equity - Contributed 1.0 1.0 1.2 1.2 1.2
Common Stock - Issued & Paid 1.0 1.0 1.0 1.0 1.0
Equity - Non-Contributed - Reserves & Retained Earnings 10.6 9.2 8.1 5.5 4.0
Retained Earnings - Total 7.6 6.4 5.2 4.1 2.6
Trade Accounts Payable & Accruals - Short-Term 5.0 3.3 3.2 3.7 3.2
Comprehensive Income - Accumulated - Total 2.9 2.9 2.9 1.4 1.4
Trade Accounts & Trade Notes Payable - Short-Term 5.0 3.3 3.2 3.7 3.2
Accrued Expenses - Short-Term — — — — —
Other Reserves/Equity - Total 0.2 0.0 — — 0.0
Income Taxes - Payable - Short-Term — — 0.0 0.3 —
Dividends/Distributions Payable 0.0 0.0 0.0 0.0 0.0
Other Current Liabilities - Total 0.5 0.3 0.4 0.1 0.1
Common Equity - Total 11.6 10.2 9.3 6.7 5.2
Deferred Income - Short-Term 0.4 0.2 0.3 0.1 0.0
Security Deposits — — — — —
Common Stock - Additional Paid in Capital including Option Reserve — — 0.2 0.2 0.2
Minority Interest - Equity — — — — —
Customer Advances - Short-Term — — — — —
Total Shareholders' Equity - including Minority Interest & Hybrid Debt 11.6 10.2 9.3 6.7 5.2
Total Liabilities & Equity 23.1 20.1 17.3 14.7 12.9
Other Current Liabilities 0.1 0.1 0.1 0.1 0.1
Revaluation Reserves 2.9 2.9 2.9 1.4 1.4
Total Current Liabilities 8.9 8.5 6.6 6.2 5.8
Other Non-Current Liabilities - Total 0.8 0.8 0.8 0.6 0.7
Provisions - Long-Term — — — — —
Post Employment Benefits - Pension & Other - Long-Term — — — — —
Provisions - Other - Long-Term — — — — —
Deferred Revenue - Long-Term 0.0 0.0 0.0 0.1 0.0
Other Non-Current Liabilities 0.8 0.8 0.8 0.6 0.6
Total Non-Current Liabilities 2.6 1.3 1.4 1.8 1.9
Common Shares - Issued - Total mn 100.0 100.0 100.0 100.0 100.0
Common Shares - Outstanding - Total mn 100.0 100.0 100.0 100.0 100.0
Common Shares - Treasury - Total mn 0.0 0.0 0.0 0.0 0.0
Common Shares - Authorized - Issue Specific mn 175.0 175.0 175.0 175.0 175.0
Common Shares - Issued - Issue Specific mn 100.0 100.0 100.0 100.0 100.0
Common Shares - Outstanding - Issue Specific mn 100.0 100.0 100.0 100.0 100.0
Common Shares - Treasury - Issue Specific mn 0.0 0.0 0.0 0.0 0.0
Asset Allocation Factor - Issue Specific 1.00× 1.00× 1.00× 1.00× 1.00×
Property, Plant & Equipment - excluding Right of Use Tangible Assets & Capital Leases - Gross - Supplemental — — — — —
Finance and Operating Lease Liabilities - Total - Supplemental — — 0.0 0.0 0.0
Debt including Finance and Operating Lease Liabilities - Supplemental 5.2 5.4 3.5 3.2 3.7
Net Debt 4.8 5.0 3.2 2.0 3.5
Islamic Debt - Long-Term & Short-Term — — — — —
Debt - Long-Term - Maturities - Total — — — — 2.3
Debt - Long-Term - Maturities - within 1 Year — — — — 0.8
Debt - Long-Term - Maturities - Year 2 — — — — 0.8
Debt - Long-Term - Maturities - Year 5 — — — — —
Debt - Long-Term - Maturities - Remaining — — — — 0.7
Debt - Long-Term - Maturities - 2-3 Years — — — — 0.8
Capital Lease Maturities - Total — — — — 0.0
Debt - Long-Term - Maturities - 4-5 Years — — — — —
Capital Lease Maturities - Due within 1 Year — — — — 0.0
Debt - Long-Term - Maturities - Year 6 & Beyond — — — — 0.7
Capital Lease Maturities - Remaining Maturities — — — — 0.0
Capital Lease Maturities - Due in Year 6 & Beyond — — — — 0.0
Preferred Shares - Authorized - Issue Specific mn 25.0 25.0 25.0 25.0 25.0
Minority Interest - Total — — — — —
Asset Accruals 22.7 19.6 17.0 13.8 12.7
Cash & Cash Equivalents - Total 0.5 0.4 0.3 0.9 0.2
Cash & Short Term Investments - Total 0.5 0.5 0.3 1.2 0.2
Debt - including Preferred Equity & Minority Interest - Total 5.2 5.4 3.5 3.2 3.7
Investments - Permanent 1.9 2.4 0.7 0.6 0.4
Net Book Capital 16.4 15.2 12.5 8.7 8.7
Net Operating Assets 16.4 15.2 12.5 8.7 8.7
Provisions - Total — — — — —
Shareholders Equity - Common 11.6 10.2 9.3 6.7 5.2
Tangible Total Equity 11.6 10.2 9.3 6.7 5.2
Tangible Book Value 11.6 10.2 9.3 6.7 5.2
Total Book Capital 16.9 15.7 12.8 9.9 8.9
Total Capital 16.9 15.7 12.8 9.9 8.9
Total Long Term Capital 14.3 11.5 10.7 8.5 7.1
Unearned Revenue - Total 0.4 0.3 0.3 0.1 0.0
Book Value excluding Other Equity 11.5 10.2 9.3 6.7 5.2
Assets Held for Sale/Discontinued Operations - Long-Term & Short-Term 0.1 0.0 — — —
Income Taxes - Payable - Long-Term & Short-Term — — 0.0 0.3 —
Contract Liabilities - Short-Term - Advance Consideration & Progress Billings in Excess of Unbilled Revenue 0.4 0.2 0.3 — —
Accruals - Short-Term 2.5 0.0 0.9 (0.3) (0.3)
Cash & Short Term Investments - Net of Debt (4.8) (5.0) (3.2) (2.0) (3.5)
Current Portion of Long-Term Debt including Capitalized Leases & Hybrid Financial Instruments 0.8 0.4 0.6 0.8 0.6
Total Fixed Assets - Net 11.3 11.1 9.5 7.9 7.2
Working Capital 2.9 0.5 1.2 0.6 (0.1)
Interest Bearing Liabilities - Total 5.2 5.4 3.5 3.2 3.7
Working Capital - Non-Cash 2.5 0.0 0.9 (0.6) (0.3)
Working Capital excluding Other Current Assets & Liabilities 2.8 0.3 1.4 0.7 0.0
Net Debt Including Preferred Equity & Minority Interest 4.8 5.0 3.2 2.0 3.5
Other Short-Term & Long-Term Assets - Total 0.7 0.6 0.3 0.1 0.1
Other Short-Term & Long-Term Liabilities - Total 1.2 1.2 1.2 0.7 0.7
Total Current Assets excluding Total Inventories 7.2 5.6 4.8 4.1 3.0
Tangible Book Value excluding Other Equity 11.5 10.2 9.3 6.7 5.2
Total Debt Excluding Islamic 5.2 5.4 3.5 3.2 3.7
Trade Accounts & Trade Notes Receivable - Net - Total 4.7 3.3 3.0 1.9 1.8
Provision for Doubtful Accounts & Notes Receivable - Total — — — — —
Current Liabilities excluding Current Debt - Total 5.5 3.6 3.7 4.1 3.3
Cash in Hand & with Banks - Total 0.5 0.4 0.3 0.9 0.2
Current Assets excluding Cash & Short Term Investments - Total 11.3 8.6 7.5 5.6 5.5
Cash, Short Term Investments & Accounts Receivable - Total 5.1 3.7 3.3 3.2 2.0

Every line the company reported, in the original order and wording, without regrouping or signs changed.