Karachi: International Packaging Films Limited (IPAK) Group has reported a 66% rise in revenues for the nine months ending March 31, 2025. This increase signifies both top-line expansion and bottom-line growth despite a challenging macroeconomic environment.
The Group’s consolidated revenue reached PKR 26.04 billion, compared to PKR 15.69 billion in the corresponding period last year. In the third quarter alone, revenues rose to PKR 9.8 billion, marking a 13.6% increase over the previous quarter and a 75% boost from the same quarter last year.
The consolidated earnings per share (EPS) for Q3 was PKR 0.59, reflecting a 25.5% rise from the previous quarter and a 31.1% increase from last year. Over the nine-month period, the cumulative EPS stands at PKR 1.40.
IPAK attributes this growth to its expansion into export markets and the introduction of new product lines, which has fortified its leadership in the flexible packaging films sector.
On a standalone basis, the company reported Q3 revenue of PKR 4.1 billion, a 51% increase over Q2. While this is a slight 3% decrease from the same quarter last year, it underscores the company’s positive growth trajectory.
Standalone EPS for Q3 surged to PKR 0.36, up from PKR 0.06 in Q2, aligning closely with the PKR 0.38 reported last year. Cumulative EPS for the nine-month duration is PKR 0.44, indicating a consistent return to profitability.
EBITDA reached PKR 1.75 billion on a standalone basis and PKR 3.57 billion on a consolidated basis, highlighting strong cash generation and operational leverage.
IPAK’s export business continues to grow, with the Group expanding its reach across the Middle East, Asia, Africa, the US, and Europe. Foreign exchange revenues have exceeded USD 22 million, reflecting the Group’s increasing contribution to national export objectives.
Operational efficiencies, achieved through shared procurement, centralized planning, and resource optimization, are contributing to a more sustainable cost structure. These efficiencies are expected to strengthen further.
Despite ongoing macroeconomic challenges, IPAK’s performance outpaces broader industry trends, and management remains focused on sustainable value creation for shareholders.