International Steels Limited (ISL) has announced its financial results for the half year ended December 31, 2025 (1HFY26), reporting a profit after tax of Rs1.61 billion, reflecting a strong improvement compared to Rs534 million in the same period last year, according to a filing with the Pakistan Stock Exchange.

Earnings per share for the half year stood at Rs3.71, up from Rs1.23 in 1HFY25, supported by higher sales volumes, improved operating leverage, and contribution from an associated company.

Net revenue increased to Rs43.95 billion, compared to Rs31.80 billion last year, driven by stronger demand for flat steel products. Gross profit nearly doubled to Rs4.66 billion, while operating profit rose to Rs3.05 billion, reflecting better cost absorption despite higher selling and distribution expenses.

Finance costs edged up to Rs621.7 million, while other expenses also increased. However, the share of profit from an associate amounting to Rs411.1 million significantly supported overall profitability.

The Board of Directors approved an interim cash dividend of Rs2.00 per share (20%). The share transfer books will remain closed from February 10 to February 12, 2026, with entitlement determined as of February 9, 2026.

The results highlight International Steels’ improved earnings momentum amid recovering construction and industrial activity, supported by higher utilization levels and stable steel demand.