IPAK International Packaging Films Limited
Latest results: FY2026 · Jun 2026
Last close · 16 Oct 2026
Rs 31.72 -5.57%
Annual · FY2022 – FY2026
International Packaging Films Limited (IPAK) income statement
International Packaging Films Limited reported revenue of Rs 42.2 bn for FY2026 (Jul 2025 – Jun 2026), up 22.7% on FY2025. Gross profit came to Rs 9.3 bn, a gross margin of 22.1%. Operating profit was Rs 7.9 bn (an operating margin of 18.7%). Finance cost was Rs 1.7 bn, down 13.6% on FY2025. Tax of Rs 1.3 bn took 21.1% of pre-tax profit. Profit attributable to shareholders was Rs 5.0 bn, up 311.8% on FY2025, or Rs 6.73 per share.
| 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 |
|---|---|---|---|---|---|
| Revenue | 42.2 | 34.4 | 22.8 | 19.9 | 13.1 |
| Cost of revenue | (32.9) | (29.4) | (18.2) | (14.4) | (10.6) |
| Gross profit | 9.3 | 4.9 | 4.6 | 5.5 | 2.5 |
| Selling, general & administrative expenses | (1.6) | (1.4) | (0.8) | (0.8) | (0.4) |
| Operating profit | 7.9 | 4.0 | 4.0 | 4.5 | 2.1 |
| Finance cost | (1.7) | (2.0) | (1.7) | (0.7) | (0.1) |
| Profit before tax | 6.3 | 1.6 | 2.0 | 3.2 | 1.5 |
| Taxation | (1.3) | (0.9) | (2.5) | (1.3) | (0.1) |
| Profit after tax | 5.0 | 0.7 | (0.6) | 1.9 | 1.4 |
| Profit attributable to shareholders | 5.0 | 1.2 | 0.1 | 2.1 | 1.4 |
| Per share & other | |||||
| EPS – basic (Rs) Rs | 6.73 | 1.64 | 0.14 | 2.80 | 1.95 |
| EPS – diluted (Rs) Rs | 6.73 | 1.64 | 0.14 | 2.80 | 1.95 |
| Dividend per share (Rs) Rs | 2.00 | 0.60 | 0.00 | 0.00 | 0.00 |
| EBITDA | 9.2 | 5.1 | 4.7 | 4.9 | 2.4 |
| Depreciation & amortisation | 1.3 | 1.1 | 0.6 | 0.4 | 0.4 |
| Weighted average shares mn | 735.2 | 735.2 | 667.7 | 735.2 | 735.2 |
| 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 |
|---|---|---|---|---|---|
| Revenue | +22.7% | +50.5% | +14.8% | +52.1% | — |
| Cost of revenue | +11.6% | +61.7% | +26.1% | +36.6% | — |
| Gross profit | +88.4% | +6.7% | -15.0% | +117.8% | — |
| Selling, general & administrative expenses | +13.9% | +61.0% | +4.4% | +112.2% | — |
| Operating profit | +97.3% | -0.4% | -10.5% | +117.9% | — |
| Finance cost | -13.6% | +18.9% | +136.9% | +406.6% | — |
| Profit before tax | +290.9% | -18.5% | -38.1% | +114.5% | — |
| Taxation | +40.7% | -63.0% | +96.2% | +2,164.4% | — |
| Profit after tax | +645.7% | — | -130.2% | +32.3% | — |
| Profit attributable to shareholders | +311.8% | +1,223.8% | -95.6% | +43.8% | — |
| Per share & other | |||||
| EPS – basic (Rs) | +311.8% | +1,102.3% | -95.1% | +43.8% | — |
| EPS – diluted (Rs) | +311.8% | +1,102.3% | -95.1% | +43.8% | — |
| Dividend per share (Rs) | +233.3% | — | — | — | — |
| EBITDA | +79.4% | +10.3% | -5.7% | +103.9% | — |
| Depreciation & amortisation | +16.2% | +77.6% | +42.5% | +24.0% | — |
| Weighted average shares | — | — | — | — | — |
Change against the previous fiscal year; shown when the earlier figure is positive.
| 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 |
|---|---|---|---|---|---|
| Revenue | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Cost of revenue | (77.9%) | (85.6%) | (79.7%) | (72.6%) | (80.8%) |
| Gross profit | 22.1% | 14.4% | 20.3% | 27.4% | 19.2% |
| Selling, general & administrative expenses | (3.7%) | (4.0%) | (3.7%) | (4.1%) | (2.9%) |
| Operating profit | 18.7% | 11.6% | 17.6% | 22.6% | 15.8% |
| Finance cost | (4.1%) | (5.9%) | (7.5%) | (3.6%) | (1.1%) |
| Profit before tax | 14.9% | 4.7% | 8.6% | 16.0% | 11.4% |
| Taxation | (3.1%) | (2.7%) | (11.1%) | (6.5%) | (0.4%) |
| Profit after tax | 11.7% | 1.9% | (2.5%) | 9.5% | 10.9% |
| Profit attributable to shareholders | 11.7% | 3.5% | 0.4% | 10.4% | 11.0% |
| Per share & other | |||||
| EBITDA | 21.9% | 14.9% | 20.4% | 24.8% | 18.5% |
| Depreciation & amortisation | 3.1% | 3.3% | 2.8% | 2.3% | 2.8% |
Each line as a percentage of revenue.
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 110
| 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 |
|---|---|---|---|---|---|
| Revenue from Goods & Services | 42.2 | 34.4 | 22.8 | 19.9 | 13.1 |
| Sales of Goods & Services - Net - Unclassified | 42.2 | 34.4 | 22.8 | 19.9 | 13.1 |
| Revenue from Business Activities - Total | 42.2 | 34.4 | 22.8 | 19.9 | 13.1 |
| Cost of Operating Revenue | 32.9 | 29.4 | 18.2 | 14.4 | 10.6 |
| Cost of Revenues - Total | 32.9 | 29.4 | 18.2 | 14.4 | 10.6 |
| Cost of Revenues - Unclassified | 31.5 | 28.3 | 17.7 | 2.4 | 1.3 |
| Selling, General & Administrative Expenses - Total | 1.6 | 1.4 | 0.8 | 0.8 | 0.4 |
| Selling, General & Administrative Expenses - Unclassified | 1.6 | 1.4 | 0.8 | 0.5 | 0.2 |
| Amortization in Cost of Revenues | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Depreciation in Cost of Revenues | 1.3 | 1.1 | 0.5 | 0.4 | 0.4 |
| Labor & Related Expenses including Stock-Based Compensation in Cost of Revenues | — | — | — | 0.5 | 0.4 |
| Material Expenses | — | — | — | 11.1 | 8.5 |
| Material Expenses - Materials, Inventory, Own Work & Utility - Unclassified | — | — | — | 11.1 | 8.5 |
| Other Operating Expense/(Income) - Net | (0.1) | (0.4) | (0.2) | 0.2 | 0.1 |
| Gross Profit - Industrials/Property - Total | 9.3 | 4.9 | 4.6 | 5.5 | 2.5 |
| Operating Expenses - Total | 34.3 | 30.4 | 18.8 | 15.4 | 11.0 |
| Labor & Related Expenses including Stock-Based Compensation in Selling, General & Administrative Expenses | — | — | — | 0.3 | 0.2 |
| Selling, General & Administrative Expenses - Other - Total | 0.0 | (0.0) | 0.0 | 0.1 | 0.0 |
| Operations & Maintenance (Utility) | — | — | — | 0.0 | 0.0 |
| Rental Expense | — | — | — | — | 0.0 |
| Operating Profit before Non-Recurring Income/(Expense) | 7.9 | 4.0 | 4.0 | 4.5 | 2.1 |
| Financing Income/(Expense) - Net - Total | (1.9) | (2.3) | (2.0) | (1.3) | (0.6) |
| Interest Expense - Net of (Interest Income) | 1.7 | 2.0 | 1.7 | 0.7 | 0.1 |
| Interest Expense - Net of Capitalized Interest | 1.7 | 2.0 | 1.7 | 0.7 | 0.1 |
| Provision for Doubtful Accounts & Write-off | 0.0 | (0.0) | 0.0 | 0.1 | — |
| Non-Interest Financial Income/(Expense) - Total | (0.1) | (0.3) | (0.3) | (0.6) | (0.5) |
| Non-Interest Financial Income/(Expense) - Other - Net | (0.1) | (0.2) | (0.1) | (0.0) | (0.0) |
| Sale of Tangible & Intangible Fixed Assets - Gain/Loss | (0.1) | (0.1) | (0.1) | 0.0 | 0.0 |
| Other Non-Operating Income/(Expense) - Total | — | 0.0 | (0.0) | — | — |
| Foreign Exchange Gain/(Loss) - Non-Business | (0.0) | (0.1) | (0.1) | (0.6) | (0.4) |
| Normalized Pre-tax Profit | 5.9 | 1.6 | 2.0 | 3.2 | 1.5 |
| Non-Recurring Income/Expense - Total | 0.4 | (0.0) | (0.0) | 0.0 | 0.0 |
| Early Extinguishment of Lease Related Debts - Gain/(Loss) | — | 0.0 | (0.0) | — | — |
| Non-Recurring Income/(Expense) - Other - Total | 0.4 | (0.0) | 0.0 | 0.0 | 0.0 |
| Provision for Income Tax Expense- Unclassified | — | — | — | — | 0.1 |
| Income before Taxes | 6.3 | 1.6 | 2.0 | 3.2 | 1.5 |
| Income Taxes | 1.3 | 0.9 | 2.5 | 1.3 | 0.1 |
| Income Taxes for the Year - Current | 0.9 | 0.5 | 0.7 | 1.1 | — |
| Income Taxes - Deferred | 0.5 | 0.5 | 1.8 | 0.2 | — |
| Income Taxes - Other (by Type) | — | — | — | 0.0 | — |
| Net Income after Tax | 5.0 | 0.7 | (0.6) | 1.9 | 1.4 |
| Income before Discontinued Operations & Extraordinary Items | 5.0 | 0.7 | (0.6) | 1.9 | 1.4 |
| Net Income before Minority Interest | 5.0 | 0.7 | (0.6) | 1.9 | 1.4 |
| Minority Interest | 0.0 | (0.5) | (0.7) | (0.2) | (0.0) |
| Net Income after Minority Interest | 5.0 | 1.2 | 0.1 | 2.1 | 1.4 |
| Income Available to Common Shares | 5.0 | 1.2 | 0.1 | 2.1 | 1.4 |
| DPS - Common - Gross - Issue - By Period End Date Rs | 2.00 | 0.60 | 0.00 | 0.00 | 0.00 |
| Net Income - Basic - including Extraordinary Items Applicable to Common - Total | 5.0 | 1.2 | 0.1 | 2.1 | 1.4 |
| Income available to Common excluding Extraordinary Items | 5.0 | 1.2 | 0.1 | 2.1 | 1.4 |
| Shares used to calculate Basic EPS - Total mn | 735.2 | 735.2 | 667.7 | 735.2 | 735.2 |
| EPS - Basic - including Extraordinary Items Applicable to Common - Total Rs | 6.73 | 1.64 | 0.14 | 2.80 | 1.95 |
| EPS - Basic - excluding Extraordinary Items Applicable to Common - Total Rs | 6.73 | 1.64 | 0.14 | 2.80 | 1.95 |
| EPS - Basic - excluding Extraordinary Items - Normalized - Total Rs | 6.26 | 1.64 | 0.14 | 2.80 | 1.94 |
| Allocated Net Income including Extraordinary Items Applicable to Common - Issue Specific | 5.0 | 1.2 | 0.1 | 2.1 | 1.4 |
| Earnings Allocation Factor - Basic - Issue Specific | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× |
| Shares used to calculate Basic EPS - Issue Specific mn | 735.2 | 735.2 | 667.7 | 735.2 | 735.2 |
| EPS - Basic - including Extraordinary Items Applicable to Common - Issue Specific Rs | 6.73 | 1.64 | 0.14 | 2.80 | 1.95 |
| EPS - Basic - excluding Extraordinary Items Applicable to Common - Issue Specific Rs | 6.73 | 1.64 | 0.14 | 2.80 | 1.95 |
| EPS - Basic - excluding Extraordinary Items - Normalized - Issue Specific Rs | 6.26 | 1.64 | 0.14 | 2.80 | 1.94 |
| EPS - Basic from Discontinued Operations & Extraordinary Items Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income - Diluted - including Extraordinary Items Applicable to Common - Total | 5.0 | 1.2 | 0.1 | 2.1 | 1.4 |
| Diluted Income available to Common excluding Extraordinary Items | 5.0 | 1.2 | 0.1 | 2.1 | 1.4 |
| Shares used to calculate Diluted EPS - Total mn | 735.2 | 735.2 | 667.7 | 735.2 | 735.2 |
| EPS - Diluted - including Extraordinary Items Applicable to Common - Total Rs | 6.73 | 1.64 | 0.14 | 2.80 | 1.95 |
| EPS - Diluted - excluding Extraordinary Items Applicable to Common - Total Rs | 6.73 | 1.64 | 0.14 | 2.80 | 1.95 |
| EPS - Diluted - excluding Extraordinary Items - Normalized - Total Rs | 6.26 | 1.64 | 0.14 | 2.80 | 1.94 |
| Allocated Diluted Net Income including Extraordinary Items Applicable to Common - Issue Specific | 5.0 | 1.2 | 0.1 | 2.1 | 1.4 |
| Earnings Allocation Factor - Diluted - Issue Specific | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× |
| Shares used to calculate Diluted EPS - Issue Specific mn | 735.2 | 735.2 | 667.7 | 735.2 | 735.2 |
| EPS - Diluted - including Extraordinary Items Applicable to Common - Issue Specific Rs | 6.73 | 1.64 | 0.14 | 2.80 | 1.95 |
| EPS - Diluted - excluding Extraordinary Items Applicable to Common - Issue Specific Rs | 6.73 | 1.64 | 0.14 | 2.80 | 1.95 |
| EPS - Diluted - excluding Extraordinary Items - Normalized - Issue Specific Rs | 6.26 | 1.64 | 0.14 | 2.80 | 1.94 |
| EPS - Diluted from Discontinued Operations & Extraordinary Items Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| DPS - Common - Gross - Issue - By Announcement Date Rs | 0.60 | 0.00 | 0.00 | 0.00 | 0.00 |
| DPS - Common - Net - Issue - By Announcement Date Rs | 0.54 | 0.00 | 0.00 | 0.00 | 0.00 |
| Earnings before Interest & Taxes (EBIT) | 7.9 | 4.0 | 4.0 | 4.5 | 2.1 |
| Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) | 9.2 | 5.1 | 4.7 | 4.9 | 2.4 |
| Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) and Operating Lease Payments | — | — | — | — | 2.4 |
| Depreciation & Amortization - Supplemental | 1.3 | 1.1 | 0.5 | 0.4 | 0.4 |
| Depreciation Expense - Total - Supplemental | 1.3 | 1.1 | 0.5 | 0.4 | 0.4 |
| Depreciation - Financial Lease Right-of-Use Assets - Supplemental | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Amortization - Total - Supplemental | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Intangible Amortization - Other - Supplemental | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Depreciation, Depletion & Amortization - Total | 1.3 | 1.1 | 0.6 | 0.4 | 0.4 |
| Depreciation - Total | 1.3 | 1.1 | 0.6 | 0.4 | 0.4 |
| Amortization of Intangible Assets excluding Goodwill - Total | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Labor & Related Expenses - Total | — | — | — | 0.8 | 0.6 |
| Labor & Related Expenses - Supplemental | — | — | — | 0.8 | 0.6 |
| Normalized after Tax Profit | 4.6 | 0.7 | (0.6) | 1.9 | 1.4 |
| Normalized Net Income from Continuing Operations | 4.6 | 0.7 | (0.6) | 1.9 | 1.4 |
| Normalized Net Income - Bottom Line | 4.6 | 1.2 | 0.1 | 2.1 | 1.4 |
| Earnings before Interest & Taxes (EBIT) - Normalized | 7.7 | 3.6 | 3.7 | 3.9 | 1.6 |
| Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) - Normalized | 9.0 | 4.8 | 4.3 | 4.3 | 2.0 |
| Interest Expense on Financial Lease Liabilities - Supplemental | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Rental/Operating Lease Expense | — | — | — | — | 0.0 |
| Interest Expense | 1.7 | 2.0 | 1.7 | 0.7 | 0.1 |
| Operating Expenses | 34.3 | 30.4 | 18.8 | 15.4 | 11.0 |
| Selling, General & Administrative Expenses excluding Research & Development Expenses | 1.6 | 1.4 | 0.8 | 0.8 | 0.4 |
| Income before Taxes & Provision for Loan Losses | 6.3 | 1.6 | 2.0 | 3.2 | 1.5 |
| Cost of Revenue including Operation & Maintenance (Utility) - Total | 32.9 | 29.4 | 18.2 | 14.4 | 10.6 |
| Cost of Revenues excluding Depreciation | 31.5 | 28.3 | 17.7 | 14.0 | 10.2 |
| Generation Cost | — | — | — | 14.4 | 10.6 |
| DPS - Common - Gross - Issue - By Payable Date Rs | 0.60 | 0.00 | 0.00 | 0.00 | 0.00 |
| DPS - Common - Gross - Issue - By Ex Date Rs | 0.60 | 0.00 | 0.00 | 0.00 | 0.00 |
| Tax Adjusted Operating Income | 6.3 | 2.0 | (0.4) | 2.5 | 1.6 |
| Operating Expenses excluding Non-Cash Charges - Total | 33.0 | 29.2 | 18.2 | 15.0 | 10.7 |
| Income Available to Common Shares before Depreciation & Amortization | 6.3 | 2.3 | 0.7 | 2.5 | 1.8 |
| Fixed Charges | 1.7 | 2.0 | 1.7 | 0.7 | 0.1 |
| Estimated Tax Rate | 0.29× | 0.29× | 0.29× | 0.29× | 0.29× |
| Total Common & Spl DPS -Gross - Issue - By Announcement Date Rs | 0.60 | 0.00 | 0.00 | 0.00 | 0.00 |
Every line the company reported, in the original order and wording, without regrouping or signs changed.