Last close · 16 Oct 2026
Rs 23.91 -0.21%
Financials
Image Pakistan Limited (IMAGE) financials
15 years of annual results (FY2012 – FY2026), 44 quarters.
Image Pakistan Limited (IMAGE) reported revenue of Rs 4.4 bn for FY2026 (Jul 2025 – Jun 2026), down 4.7% from FY2025.
It declared a dividend of Rs 1.00 per share for FY2026.
Net debt stood at Rs 1.6 bn.
Return on equity was 14.6%.
Over the last five years revenue grew at a compound 34.3% a year.
Fundamentals
IMAGE at a glance
Revenue · FY2026
Rs 4.4 bn
▼ 4.7% year on year
Dividend per share (Rs) · FY2026
Rs 1.00
▼ 50.0% year on year
Net margin · FY2026
15.1%
-1.5 pts year on year
Debt to equity · FY2026
40.1%
+9.6 pts year on year
Financial statements
Income statement
Revenue, costs, profit and earnings per share.
- Revenue · FY2026
- Rs 4.4 bn
- Profit attributable · FY2026
- —
Balance sheet
Assets, liabilities, debt and shareholders' equity.
- Total assets · FY2026
- —
- Equity · FY2026
- Rs 4.8 bn
Financial highlights
IMAGE financial results
| 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 | FY2021 Jul 2020 – Jun 2021 | FY2020 Jul 2019 – Jun 2020 | FY2019 Jul 2018 – Jun 2019 | FY2018 Jul 2017 – Jun 2018 | FY2017 Jul 2016 – Jun 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4,380.3 | 4,595.0 | 3,972.5 | 2,696.3 | 1,718.2 | 1,001.8 | 403.2 | 386.8 | 322.0 | 200.2 |
| Gross profit | — | 2,124.8 | 1,547.9 | 1,042.2 | 744.9 | 442.0 | 214.7 | 198.7 | 183.1 | 82.1 |
| Operating profit | — | 1,130.3 | 603.2 | 384.7 | 245.3 | 199.2 | 65.2 | 74.4 | 101.5 | 74.1 |
| Profit after tax | 659.6 | 759.9 | 398.9 | 288.6 | 208.2 | 115.1 | 22.4 | 52.7 | 77.8 | 77.8 |
| Profit attributable to shareholders | — | 759.7 | 398.8 | 288.6 | 208.1 | 115.1 | 22.4 | 52.7 | 77.8 | 77.8 |
| EPS – basic (Rs) Rs | — | 3.30 | 2.78 | 2.32 | 1.57 | 1.01 | 0.20 | 0.51 | 1.17 | 1.23 |
| Dividend per share (Rs) Rs | 1.00 | 2.00 | 0.00 | 1.31 | 0.00 | 0.66 | 0.00 | 0.00 | 0.50 | 0.00 |
| Total assets | — | 7,123.9 | 5,140.9 | 3,618.9 | 2,516.6 | 2,070.8 | 1,603.0 | 1,415.3 | 1,408.0 | 727.1 |
| Total equity | 4,755.7 | 4,278.9 | 3,749.8 | 2,562.6 | 1,860.4 | 1,219.0 | 1,054.8 | 1,029.7 | 949.8 | 491.4 |
| Total debt | 1,906.9 | 1,306.8 | 168.3 | 244.9 | 149.8 | 286.8 | 219.3 | 178.0 | 296.0 | 162.9 |
| Net cash from operating activities | — | 231.7 | (51.6) | 130.7 | (234.0) | 73.4 | (49.6) | 66.6 | (265.1) | 5.9 |
| Capital expenditure | (249.7) | (320.6) | (589.2) | (213.1) | (226.5) | (120.7) | (14.0) | (17.4) | (81.2) | (2.7) |
| Free cash flow (operating cash flow − capex) | — | (88.9) | (640.8) | (82.5) | (460.5) | (47.3) | (63.7) | 49.2 | (346.3) | 3.2 |
| Rs mn | TTM to Jun 2026 | Q4 FY2026 Apr – Jun 2026 | Q3 FY2026 Jan – Mar 2026 | Q2 FY2026 Oct – Dec 2025 | Q1 FY2026 Jul – Sep 2025 | Q4 FY2025 Apr – Jun 2025 | Q3 FY2025 Jan – Mar 2025 | Q2 FY2025 Oct – Dec 2024 | Q1 FY2025 Jul – Sep 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4,380.3 | 1,154.7 | 1,042.7 | 1,170.0 | 1,012.9 | 1,264.9 | 1,205.0 | 1,174.0 | 951.2 |
| Gross profit | 2,045.5 | 313.3 | 497.5 | 729.7 | 505.1 | 419.8 | 544.3 | 642.5 | 518.2 |
| Operating profit | 994.1 | (54.6) | 264.8 | 481.1 | 302.8 | 92.3 | 280.5 | 452.7 | 304.9 |
| Profit after tax | 659.6 | (151.9) | 202.5 | 366.7 | 242.3 | (6.4) | 209.5 | 282.8 | 274.0 |
| Profit attributable to shareholders | 659.4 | (151.9) | 202.5 | 366.6 | 242.3 | (6.4) | 209.5 | 282.8 | 273.9 |
| EPS – basic (Rs) Rs | 2.86 | (0.66) | 0.88 | 1.59 | 1.05 | (0.03) | 0.91 | 1.23 | 1.19 |
| Dividend per share (Rs) Rs | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 | 1.00 | 1.00 | 0.00 | 0.00 |
| Total assets | 8,252.5 | 8,252.5 | 7,358.9 | 7,423.4 | 7,312.9 | 7,123.9 | 6,233.4 | 5,887.5 | 5,352.3 |
| Total equity | 4,756.1 | 4,756.1 | 4,854.5 | 4,654.3 | 4,520.3 | 4,278.9 | 4,513.6 | 4,304.2 | 4,021.0 |
| Total debt | 1,917.3 | 1,917.3 | 1,754.9 | 1,762.5 | 1,500.1 | 1,306.8 | 447.5 | 333.2 | 217.6 |
| Net cash from operating activities | 735.9 | 161.0 | 270.8 | (39.2) | 343.3 | 30.2 | (52.6) | 262.9 | (8.9) |
| Capital expenditure | (249.7) | (133.6) | (53.1) | (49.0) | (14.1) | (127.2) | (52.4) | (43.9) | (97.1) |
| Free cash flow (operating cash flow − capex) | 486.2 | 27.4 | 217.8 | (88.2) | 329.2 | (97.0) | (105.0) | 219.0 | (106.0) |
Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets. Free cash flow and book value per share are calculated by Smart Money; TTM = the latest four quarters. Updated 16 Oct 2026.