International Steels limitedPSX: ISL

Financial Results for the Year Ended

· Issued by International Steels limited

‌Sharing Tomorrow

The General Manager

Pakistan Stock Exchange Lim ited Off: l. I, Chundrigar Itoad

ICA tACHI.

RE: FINANCIAL RESULTS FOR THE YEAR ENDED30-06-2025

A member of

August 20. 2025

Dear Sirs,

We are pleased to infonn you that the Board of Directors of Inter national Steels Limited. in theii' meeting held on August 19, 2025 at the registered office of the Companys through video conference, rev iewed the annual audited financial results of the Company for the year ended June 30, 2025 and 1ecominended the following:

  1. CASH DIVIDEND

    A final cash dividend of Rs. 2.3 per share i.e. 25% per share for the }'ear ended June ?0. *025.

  2. BONUS SHARES

    -NIL

  3. RIGHT SHARES

    -NIL

  4. ANY OTHER ENTITLEMENT / CORPORATE ACTION

    -NIL

  5. ANY OTHER PRICE SENSITIVE INFORMATION

The financial results of the Coin pany ai'e enK losed.

Annusl General Meeting:

The at' Annual General Meeting of the Company will be held on Wednesday. Seplembei' 24. 2025 at 09:00

a.m. at the Beach Luxury Hotel, Off M.T. Khan Road, Karachi. Members are encouraged to attend the meeting through video conferencing.

Book Closure:

The Share Transfer Books of the Company will remain closed from September i 7. 2025 to September 24, 2023 (bode d8ys inclusive). Transfers received irt order at the offices of our Shares Registrar Mls THK Associates (Pvt.) Ltd., Plot No. 32-C, Jaini Commercial Street 2, D.H.A, Phase VI l, Kai aclzi-75S00 by the close of business on September i6, 2025 or updated on Central Depository System as per CDC regulations, will be treated in time to establish the right to attend the I 8'hAnnual General Meeting and for the entitlement of 25% Finai Cash Dividend i.e. Rs. 2.5 per share.

Head Office: lOt Beatjfflont Plaza, lO Beaumont Rnad, Karachi - 75530, Pakistan

ISD 9tX?j : 20G5 Quahty Management System

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ISO141 'I-I 201S Envlronment IVlanagement System

Phone: +92 21 111 O19O19 | Fax:•92 21 35680373 | Erna||: [email protected] I Website: https://www.isl.com.pk

fSO 45001:2018 Occupational Health 6 Safety Management System

‌Sha ring Ton

The Annual Repoft of the Coiiipany will be transiii itted electi'onically and through PUCAItS at least * i days before the holding of the Annual General Meeting arid shall also be made available on our ii cbsite https://www.isl.com.pk.

You may please inform the members of the exchange accordingly.

Thankingyou,

Yours faithfully,

For INTERNATIONAL STEELY LV MIT

t0t <

"

*a‹••°'°'"'"

- "u s.®•*^*^"

* *' :" ZOHAIB kAZA MEICHANT *• 4R

Company Secretary and Head of Legal

CC: Director/HOD, Surveillance,

Surveillance, Supervision and Enforcement Ocpartment,

$ecm'ities & ExcJiaiige Commission of Pokista»,

NIC Building. 63 Jinnah Avenue. Blue Area, lslamabad.

Head Office: 101 Beaumont Plaza. 10 Beaumont Road, Karachi - 75530. Pakistan

Phone: •92 21 IU 019019 I Fax: +9211 35680373 | Email : info‹a sLcorrLpk | Website: ww•v.isI.com.pk

ISO 9001: 2015 QualltY Management System

/SO 74tKI2 :ZtI25 Environment Mznagemr/›tSystem

ISO4W1 :2018 Occupational Health 6 SatetY Management Svstem

‌INTERNATIONAL STEELS LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED JUNE 30, 2025

tssued. subscribed &

Revenue reserve -

Capital resPrvP -

paid-up capital

Unappropriated

pro ñ I

Revaluation

aurpluz on

and equipment

- - - - • ••- - -- {Rupees in 'D00) --------- ------------------

Balance as at July DI. 2023

4 350OOO

2, 1B7 47g

21 683 8gr?

Profit for the year

Other comprehensive income Ion /he year

3 654.g 14

33,736

3b/›4814

33736

Total comprehensive income foi the year

3.688,550

3.68B.SSD

Transferred from reva!uat on surplus on

property, piant and equipment on account of

75.395

(75.355)

incremental depreciBiion - nel ol iax

Transaclions with owners in their capacity as owners recorded directly in equity -distributions

Dividend

Final Oividend @ 2S% (Rs 2 SO per share)

for the year ended June 30, 2023

{1 087,S00j

(1.087 500)

lntenm Dvioend @ 25% (Rs. 2.50 per snare)

for the year ended June 30, 2024

(1.087,500}

(1.087 TOO)

{2. 4 7 5 000)

(2,175, 000)

Balance a s at June 30, 2024

4,250,000

16,735,347

2,112,083

23,197,430

PrDf I fo he year

1,S59,261

1,559.26t

Other comprehensive income for the year

50 897

1,608,034

1,658,931

Totai comprehensive income lor the year

1,610,158

1,608,034

3,218,192

Transferred from revaluation surplus on properly. plant ana equipment on account at

ncrementaI depreciation - net ol tax

75.395

(75,395)

Transactions with owners in their capacity as owners recorded ciirectIy in equity -distributions

Dividend

Firai Dividend @ 30% (Rs 3 per share) for the year enoed June 30, 202a

Balance as at June 20. 2025

4,350,000

(I ,305,000)

17,115,900

3,644,722

(1,305.000)

25.110,622

The annexed notes from to 4 7' form an integral pa of these f‹nanc a/ stafemenfs

Nihal Cassim

Director & Chairman Board Audit Committee

Usman Ah d Chief Financial OffiCer

Samir M. Chinoy Chief E xecut ve Officer

INTERNATIONAL STEELS LIMITED

STATEMENT OF CASH FLOWS

FOR TFIE YEAR ENDED JUNE 30, 2025

CASH FLOWS FROM OPERATING ACTIVITIES

Note

2025 2024

(Rupees in '000)

caeh generated from operaflons Finance cost paid

Income on bank deposits received - Conventional Income on bank deposits received - Islamic

Staff retirement benefits paid

Payment on account of compensated absences Income tax and levies paid

12.2.9

13

4,692,975

(818,750)

213,798 15,211

(20,610)

(1,781,457)

7,042,BB7 (897.959)

282,846

9,843

(39,304)

(9.269)

(2,310,328)

Net caeh generated from operating activities

CASH FLOWS FROM INVESTING ACTIVITIES

Payment for acquisition of property. plant and equipment Payment for acquisition of intangible asset

Proceeds from disposal of property, plant and equipment Investment in Pakistan Investment Bonds

Proceeds from disposal of Pakistan investment Bonds Investment in Associate

Investments In Term Deposit Receipt Dividend received

Net cash usad in inventing activities

CASH FLDWS FROM FINANCING ACTIVITIES

(2,391,817) (2,964,171) 2,301,158 4,978.716

(911,227)

(129,361)

146,314

(13,440,886)

13,493,559

(48,450)

5,426

(1,708,323)

(100.878)

82,002

-(350,000)

(1,182,625) (2,077,199)

Proceeds from lortg term financing Repayment of long term financing Short term borrowings - net

Lease rentals paid Dividend paid

5.2.1

-(342,032)

988,830

(27,124)

(1,309,572)

150,000 (371,59B) 400,000

(25,213)

(2,177,515)

Net cash used in financing activities

Net Increase in cash and cash equivalents

Cash and cash equivalents at beginning of the year Cash and cash equivalents at end of the year

(689,898) (2.024,326)

428,635 877,191

1,974,102 1,096,911

35 2,402,737 1,974,102

The annexed notes from 1 to 47 form an integral part of these financial statements.

Nlhal Cassim Dlrector & Chairman

Board Audit Committee

ioed Chief Financial Officer Samir M. Chinoy

Chief Executive Officer

INTERNATIONAL STEELS LIMITEO

STATEMENT OF FlNAhICIAL POSITION

AS AT JUhlE 30, 2025

ASS CTS

Nole 2025 2G¿4

(Rupee s in '000)

NON-CURRENT ASSETS

Progeny, pIpm and equipment

t

21.170.623

20 0 6.4 4g

R‹ghl -of- use a sse‹s

S

t7,803

*3. R'tE

intangible assets

6

329,540

408.85 3

Investn en ‹n an associa ie

7

87,945

Long term deposit with Cent ral De posiTory Company ol Pak istan Limited

100

100

2 ,606,021

20 449, 24 6

CURRENT ASSET S

SOres and spare s

Stock-in-made

9

21.803.321

I 6.2S9,002

Trade debts

10

1,350,948

1,4 23.266

Receivable from k-Electric Limited (KE j

4,541

25 53 7

A dvances. rade deposits and prepayrnents

1 1

68,87 7

140.854

Staff retirement benefits

10t,605

55 ?21

Sales tax receivable

308,110

SgG, 296

Taxation - net

13

499,620

d 5,7Sd

Cash and bank balances

14

3,436.737

2 708,10?

28,461,498

24, 240.532

TOTAL ASSETS

50,067,5t9

44,6B9,780

EQUITY ANO LIABILITIES

SHAR E CAPITAL AND RESERVES

Share capilai

Issued subscr bed and paid-up capital

:$

4,350,000

4 35J.000

Revenue reserve

Unappropriatca profit

17.115.900

C apuai reserve

Revaluation surplus on property. plant and equipment

3,644.7 22

2. 112, 093

TOTAL SHARE HOLDE RS' EQUITY

25,110,622

23. 197, 430

LIABILITIES

NON-CURRENT LIABILITIES

LOeg term f›nancI•9 • secured

17

B45,316

Deferred incame - government grant

18

98,2 4

Oeferred ta xaion - ne}

19

1811.362

Lease liabiimes

5 2 J

4,445

2 759.30T

CUR R EN7 LIABILIT IE5

Trade and other payables

25

Contract IiabiIiYes

21

1.8/4 §06

Short term borrowing s - secured

unpa o aividend

22

3 560 298

d30

U nclaimed dividend

7,07 9

Current portion of long term financing - secured

17

34 4, g4 4

Current portion of iease liab‹Iities

5.2 1

24,886

Accrued ma rk up

138, 464

18 733, 013

TOTAL LIABILITIES

24,956,897

21, 492,350

COfJTINGENCY AND COMMITME NT S

23

TOTAL EQUITY AND LIABILITIES

S0,067;519

4• 689, 780

673,94 2

73, 248

1,878,464

17.059 2,642.7t 3

1f,SBO,O07

1,B84,713

4,549,118

477

2.460

199, 282

4,028

93,599

22,3t4,184

Tha annexed nojes from 1 to 4t form an inje•gr a1 pan a hese financial statements

Nihal Cassim Director 6 Chairman

Board Audit Committee

Usman A ed

Chief Fmanc jaI Officef

Samir M. Chinoy Chief Executive Offic er

‌INTERNATIONAL STEELS LIMITED

Revenue from contracts with customers

24

62,210,883

69.299.633

Cost of sales

25

(56,966,639)

(60.726,441)

Gross profit

5,344,244

8,573,191

Selling and distnbution expenses

26

(1,567,016)

(2,090,474)

Administrative expenses

27

(459,335)

(472,739)

Operating profit

3,317,893

6,009,979

Finance cost

28

(805,571)

(856,088)

Other expenses

29

(366,557)

(588,930)

Other income

30

258,923

133,:384

STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED JUNE 30, 2025

Share of net income of associate accounted for using the equity method

Profit before levies and income fax

Note 2025 2024

(Rupees in '000)

7 44,921

2,449,609 4,698,345

Levies

31

(223.913)

Profit before income tax

2,449,609

4,474.432

Income tax expense

32

(890,348)

(819,61B)

Profit for the year

1,559,261

3,654,814

(Rupees)

Earnings per share - basic and diluted

33 3.58

8.40

The annexed notes from 1 to 47 form an integral part of these financial statements.

Nihal Cassim Director & Chairman

Board Audit Committee

Chief Financial Officer

Samir M. Chinoy Chief Executive Officer

International Steels limited on 6ix

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