Ittefaq Iron Industries Limited has released its annual report for the year ended June 30, 2026, detailing significant challenges faced during the period, resulting in substantial losses.
- The company reported a revenue of PKR 2,403.67M, down from PKR 2,651.94M in the previous year.
- Loss after tax was PKR 321.98M, compared to a loss of PKR 664.96M in FY 2025.
- Earnings per share (EPS) stood at PKR -2.23, an improvement from PKR -4.56 in the prior year.
- The company faced high operational costs due to increased taxation, energy tariffs, and low demand in the construction sector.
- Total assets increased to PKR 5,478.99M from PKR 5,366.78M in FY 2025.
- Shareholder equity decreased to PKR 3,171.80M from PKR 3,495.53M, indicating a decline in financial health.
- The report highlights ongoing litigation with the National Bank of Pakistan, impacting financial provisions.
- The company aims to improve operational efficiency and reduce losses in the upcoming fiscal year.