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Paper, Board & Packaging

IPAK International Packaging Films Limited

Latest results: FY2026 · Jun 2026

Last close · 16 Oct 2026

Rs 31.72 -5.57%

Quarterly · Q1 FY2025 – Q4 FY2026

International Packaging Films Limited (IPAK) quarterly income statement

International Packaging Films Limited reported revenue of Rs 11.7 bn for Q4 FY2026 (Apr – Jun 2026), up 41.3% on Q4 FY2025. Gross profit came to Rs 3.6 bn, a gross margin of 30.8%. Operating profit was Rs 3.1 bn (an operating margin of 26.8%). Finance cost was Rs 426.3 mn, down 23.7% on Q4 FY2025. Tax of Rs 484.6 mn took 15.8% of pre-tax profit. Profit attributable to shareholders was Rs 2.4 bn, up 958.2% on Q4 FY2025, or Rs 3.24 per share.

IPAK income statement (quarterly) (Rs bn)
Rs bn 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 42.2 11.7 11.0 9.3 10.2 8.3 11.0 8.6 7.6
Cost of revenue (32.8) (8.1) (8.8) (7.4) (8.4) (6.8) (8.8) (7.5) (6.6)
Gross profit 9.4 3.6 2.2 1.9 1.8 1.5 2.2 1.1 1.0
Selling, general & administrative expenses (1.6) (0.5) (0.4) (0.4) (0.3) (0.4) (0.4) (0.4) (0.3)
Operating profit 7.8 3.1 1.7 1.5 1.4 1.2 1.7 0.9 0.8
Finance cost (1.9) (0.4) (0.4) (0.5) (0.5) (0.6) (0.4) (0.6) (0.6)
Profit before tax 6.3 3.1 1.3 1.0 0.9 0.7 1.3 0.3 0.2
Taxation (1.3) (0.5) (0.4) (0.2) (0.2) (0.6) (0.4) (0.1) (0.1)
Profit after tax 5.0 2.6 0.9 0.8 0.7 0.0 0.9 0.2 0.1
Profit attributable to shareholders 5.0 2.4 1.0 0.8 0.8 0.2 1.0 0.3 0.2
Per share & other
EPS – basic (Rs) Rs 6.80 3.24 1.31 1.17 1.09 0.30 1.25 0.45 0.33
EPS – diluted (Rs) Rs 6.80 3.24 1.31 1.17 1.09 0.30 1.25 0.45 0.33
Dividend per share (Rs) Rs 2.00 2.00 0.00 0.00 0.00 0.60 0.00 0.00 0.00
EBITDA 9.1 3.5 2.1 1.8 1.7 1.4 2.1 1.2 1.1
Depreciation & amortisation 1.3 0.4 0.3 0.3 0.3 0.2 0.3 0.3 0.3
Weighted average shares mn 734.8 734.8 732.8 699.5 732.5 741.0 769.5 735.2 739.3
IPAK income statement — year-on-year change (Rs mn)
Rs mn 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 +41.3% 0.0% +7.6% +33.5% — — — —
Cost of revenue +19.8% 0.0% -0.8% +27.4% — — — —
Gross profit +137.1% 0.0% +62.6% +73.1% — — — —
Selling, general & administrative expenses +29.8% 0.0% +15.7% +18.1% — — — —
Operating profit +159.9% 0.0% +66.4% +83.0% — — — —
Finance cost -23.7% 0.0% -13.6% -14.0% — — — —
Profit before tax +372.2% 0.0% +211.7% +445.5% — — — —
Taxation -22.0% 0.0% +153.6% +179.8% — — — —
Profit after tax +8,785.0% 0.0% +232.9% +677.7% — — — —
Profit attributable to shareholders +958.2% 0.0% +147.0% +222.7% — — — —
Per share & other
EPS – basic (Rs) +967.1% +5.0% +159.6% +225.7% — — — —
EPS – diluted (Rs) +967.1% +5.0% +159.6% +225.7% — — — —
Dividend per share (Rs) +233.3% — — — — — — —
EBITDA +151.4% +0.4% +48.7% +59.6% — — — —
Depreciation & amortisation +94.7% +2.3% +0.2% +1.0% — — — —
Weighted average shares — — — — — — — —

Change against the same quarter a year earlier; shown when the earlier figure is positive.

IPAK income statement — common size (Rs mn)
Rs mn 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 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Cost of revenue (69.2%) (80.3%) (80.0%) (82.7%) (81.7%) (80.3%) (86.8%) (86.7%)
Gross profit 30.8% 19.7% 20.0% 17.3% 18.3% 19.7% 13.2% 13.3%
Selling, general & administrative expenses (4.1%) (3.4%) (4.6%) (3.4%) (4.5%) (3.4%) (4.3%) (3.8%)
Operating profit 26.8% 15.9% 15.8% 14.0% 14.6% 15.9% 10.2% 10.2%
Finance cost (3.6%) (4.0%) (5.3%) (4.9%) (6.7%) (4.0%) (6.6%) (7.7%)
Profit before tax 26.2% 11.9% 10.5% 9.1% 7.8% 11.9% 3.6% 2.2%
Taxation (4.1%) (3.7%) (2.3%) (2.2%) (7.5%) (3.7%) (1.0%) (1.0%)
Profit after tax 22.1% 8.2% 8.2% 6.9% 0.4% 8.2% 2.7% 1.2%
Profit attributable to shareholders 20.3% 8.8% 8.8% 7.8% 2.7% 8.8% 3.8% 3.2%
Per share & other
EBITDA 29.8% 18.9% 19.3% 17.1% 16.7% 18.8% 13.9% 14.3%
Depreciation & amortisation 3.0% 3.0% 3.5% 3.1% 2.2% 2.9% 3.7% 4.1%

Each line as a percentage of revenue.

Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. TTM = the latest four quarters added together. Updated 16 Oct 2026.

All reported line items 85
IPAK income statement — all reported line items (Rs bn)
Rs bn 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 from Goods & Services 11.7 11.0 9.3 10.2 8.3 11.0 8.6 7.6
Sales of Goods & Services - Net - Unclassified 11.7 11.0 9.3 10.2 8.3 11.0 8.6 7.6
Revenue from Business Activities - Total 11.7 11.0 9.3 10.2 8.3 11.0 8.6 7.6
Cost of Operating Revenue 8.1 8.8 7.4 8.4 6.8 8.8 7.5 6.6
Cost of Revenues - Total 8.1 8.8 7.4 8.4 6.8 8.8 7.5 6.6
Selling, General & Administrative Expenses - Total 0.5 0.4 0.4 0.3 0.4 0.4 0.4 0.3
Selling, General & Administrative Expenses - Unclassified 0.5 — 0.4 0.3 0.4 0.4 0.4 0.3
Other Operating Expense/(Income) - Net (0.0) 0.0 (0.0) (0.0) (0.1) 0.0 (0.1) (0.1)
Gross Profit - Industrials/Property - Total 3.6 2.2 1.9 1.8 1.5 2.2 1.1 1.0
Operating Expenses - Total 8.6 9.2 7.8 8.8 7.1 9.2 7.7 6.9
Selling, General & Administrative Expenses - Other - Total (0.0) — 0.0 0.0 0.0 0.0 (0.0) 0.0
Operating Profit before Non-Recurring Income/(Expense) 3.1 1.7 1.5 1.4 1.2 1.7 0.9 0.8
Financing Income/(Expense) - Net - Total (0.4) (0.4) (0.5) (0.5) (0.6) (0.4) (0.6) (0.6)
Interest Expense - Net of (Interest Income) 0.4 0.4 0.5 0.5 0.6 0.4 0.6 0.6
Interest Expense - Net of Capitalized Interest 0.4 0.4 0.5 0.5 0.6 0.4 0.6 0.6
Provision for Doubtful Accounts & Write-off (0.0) — 0.0 0.0 0.0 0.0 (0.0) 0.0
Other Non-Operating Income/(Expense) - Total — — — 0.0 0.0 — 0.0 (0.0)
Normalized Pre-tax Profit 2.7 1.3 1.0 0.9 0.7 1.3 0.3 0.2
Non-Recurring Income/Expense - Total 0.4 — — — — — — —
Non-Recurring Income/(Expense) - Other - Total 0.4 — — — — — — —
Provision for Income Tax Expense- Unclassified — — — — 0.1 — — —
Income before Taxes 3.1 1.3 1.0 0.9 0.7 1.3 0.3 0.2
Income Taxes 0.5 0.4 0.2 0.2 0.6 0.4 0.1 0.1
Income Taxes for the Year - Current 0.3 0.3 0.2 0.1 0.2 0.3 0.1 0.0
Income Taxes - Deferred 0.2 0.1 0.0 0.1 0.3 0.1 0.1 0.1
Income Taxes - Other (by Type) — — (0.0) — — — (0.1) —
Net Income after Tax 2.6 0.9 0.8 0.7 0.0 0.9 0.2 0.1
Income before Discontinued Operations & Extraordinary Items 2.6 0.9 0.8 0.7 0.0 0.9 0.2 0.1
Net Income before Minority Interest 2.6 0.9 0.8 0.7 0.0 0.9 0.2 0.1
Minority Interest 0.2 (0.1) (0.1) (0.1) (0.2) (0.1) (0.1) (0.2)
Net Income after Minority Interest 2.4 1.0 0.8 0.8 0.2 1.0 0.3 0.2
Income Available to Common Shares 2.4 1.0 0.8 0.8 0.2 1.0 0.3 0.2
DPS - Common - Gross - Issue - By Period End Date Rs 2.00 0.00 0.00 0.00 0.60 0.00 0.00 0.00
Net Income - Basic - including Extraordinary Items Applicable to Common - Total 2.4 1.0 0.8 0.8 0.2 1.0 0.3 0.2
Income available to Common excluding Extraordinary Items 2.4 1.0 0.8 0.8 0.2 1.0 0.3 0.2
Shares used to calculate Basic EPS - Total mn 734.8 732.8 699.5 732.5 741.0 769.5 735.2 739.3
EPS - Basic - including Extraordinary Items Applicable to Common - Total Rs 3.24 1.31 1.17 1.09 0.30 1.25 0.45 0.33
EPS - Basic - excluding Extraordinary Items Applicable to Common - Total Rs 3.24 1.31 1.17 1.09 0.30 1.25 0.45 0.33
EPS - Basic - excluding Extraordinary Items - Normalized - Total Rs 2.75 1.31 1.17 1.09 0.30 1.25 0.45 0.33
Allocated Net Income including Extraordinary Items Applicable to Common - Issue Specific 2.4 1.0 0.8 0.8 0.2 1.0 0.3 0.2
Earnings Allocation Factor - Basic - Issue Specific 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00×
Shares used to calculate Basic EPS - Issue Specific mn 734.8 732.8 699.5 732.5 741.0 769.5 735.2 739.3
EPS - Basic - including Extraordinary Items Applicable to Common - Issue Specific Rs 3.24 1.31 1.17 1.09 0.30 1.25 0.45 0.33
EPS - Basic - excluding Extraordinary Items Applicable to Common - Issue Specific Rs 3.24 1.31 1.17 1.09 0.30 1.25 0.45 0.33
EPS - Basic - excluding Extraordinary Items - Normalized - Issue Specific Rs 2.75 1.31 1.17 1.09 0.30 1.25 0.45 0.33
EPS - Basic from Discontinued Operations & Extraordinary Items Rs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Income - Diluted - including Extraordinary Items Applicable to Common - Total 2.4 1.0 0.8 0.8 0.2 1.0 0.3 0.2
Diluted Income available to Common excluding Extraordinary Items 2.4 1.0 0.8 0.8 0.2 1.0 0.3 0.2
Shares used to calculate Diluted EPS - Total mn 734.8 732.8 699.5 732.5 741.0 769.5 735.2 739.3
EPS - Diluted - including Extraordinary Items Applicable to Common - Total Rs 3.24 1.31 1.17 1.09 0.30 1.25 0.45 0.33
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Total Rs 3.24 1.31 1.17 1.09 0.30 1.25 0.45 0.33
EPS - Diluted - excluding Extraordinary Items - Normalized - Total Rs 2.75 1.31 1.17 1.09 0.30 1.25 0.45 0.33
Allocated Diluted Net Income including Extraordinary Items Applicable to Common - Issue Specific 2.4 1.0 0.8 0.8 0.2 1.0 0.3 0.2
Earnings Allocation Factor - Diluted - Issue Specific 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00×
Shares used to calculate Diluted EPS - Issue Specific mn 734.8 732.8 699.5 732.5 741.0 769.5 735.2 739.3
EPS - Diluted - including Extraordinary Items Applicable to Common - Issue Specific Rs 3.24 1.31 1.17 1.09 0.30 1.25 0.45 0.33
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Issue Specific Rs 3.24 1.31 1.17 1.09 0.30 1.25 0.45 0.33
EPS - Diluted - excluding Extraordinary Items - Normalized - Issue Specific Rs 2.75 1.31 1.17 1.09 0.30 1.25 0.45 0.33
EPS - Diluted from Discontinued Operations & Extraordinary Items Rs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
DPS - Common - Gross - Issue - By Announcement Date Rs 0.00 0.00 0.00 0.60 0.00 0.00 0.00 0.00
DPS - Common - Net - Issue - By Announcement Date Rs 0.00 0.00 0.00 0.54 0.00 0.00 0.00 0.00
Earnings before Interest & Taxes (EBIT) 3.1 1.7 1.5 1.4 1.2 1.7 0.9 0.8
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) 3.5 2.1 1.8 1.7 1.4 2.1 1.2 1.1
Depreciation, Depletion & Amortization - Total 0.4 0.3 0.3 0.3 0.2 0.3 0.3 0.3
Depreciation - Total 0.4 0.3 0.3 0.3 0.2 0.3 0.3 0.3
Amortization of Intangible Assets excluding Goodwill - Total 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Normalized after Tax Profit 2.2 0.9 0.8 0.7 0.0 0.9 0.2 0.1
Normalized Net Income from Continuing Operations 2.2 0.9 0.8 0.7 0.0 0.9 0.2 0.1
Normalized Net Income - Bottom Line 2.0 1.0 0.8 0.8 0.2 1.0 0.3 0.2
Earnings before Interest & Taxes (EBIT) - Normalized 3.1 1.7 1.5 1.4 1.2 1.7 0.9 0.8
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) - Normalized 3.5 2.1 1.8 1.7 1.4 2.1 1.2 1.1
Interest Expense 0.4 0.4 0.5 0.5 0.6 0.4 0.6 0.6
Operating Expenses 8.6 9.2 7.8 8.8 7.1 9.2 7.7 6.9
Selling, General & Administrative Expenses excluding Research & Development Expenses 0.5 0.4 0.4 0.3 0.4 0.4 0.4 0.3
Income before Taxes & Provision for Loan Losses 3.1 1.3 1.0 0.9 0.7 1.3 0.3 0.2
Cost of Revenue including Operation & Maintenance (Utility) - Total 8.1 8.8 7.4 8.4 6.8 8.8 7.5 6.6
Cost of Revenues excluding Depreciation 8.1 8.8 7.4 8.4 6.8 8.8 7.5 6.6
DPS - Common - Gross - Issue - By Payable Date Rs 0.00 0.00 0.60 0.00 0.00 0.00 0.00 0.00
DPS - Common - Gross - Issue - By Ex Date Rs 0.00 0.00 0.00 0.60 0.00 0.00 0.00 0.00
Tax Adjusted Operating Income 2.7 1.3 1.2 1.2 0.2 1.3 0.7 0.6
Operating Expenses excluding Non-Cash Charges - Total 8.2 8.9 7.5 8.4 6.9 8.9 7.4 6.5
Income Available to Common Shares before Depreciation & Amortization 2.7 1.3 1.1 1.1 0.4 1.3 0.7 0.6
Fixed Charges 0.4 0.4 0.5 0.5 0.6 0.4 0.6 0.6
Estimated Tax Rate 0.29× 0.29× 0.29× 0.29× 0.29× 0.29× 0.29× 0.29×
Total Common & Spl DPS -Gross - Issue - By Announcement Date Rs 0.00 0.00 0.00 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. Latest 8 periods; the table above goes back further.