Reported Earnings • Apr 17
Third quarter 2026 earnings released: EPS: PK₨1.31 (vs PK₨0.56 in 3Q 2025) Third quarter 2026 results: EPS: PK₨1.31 (up from PK₨0.56 in 3Q 2025). Revenue: PK₨11.0b (up 12% from 3Q 2025). Net income: PK₨960.0m (up 134% from 3Q 2025). Profit margin: 8.8% (up from 4.2% in 3Q 2025). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to PK₨29.35, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 10x in the Packaging industry in Pakistan. Total returns to shareholders of 41% over the past year. 공시 • Apr 09
International Packaging Films Limited to Report Q3, 2026 Results on Apr 16, 2026 International Packaging Films Limited announced that they will report Q3, 2026 results on Apr 16, 2026 Reported Earnings • Feb 18
Second quarter 2026 earnings released: EPS: PK₨1.17 (vs PK₨0.45 in 2Q 2025) Second quarter 2026 results: EPS: PK₨1.17 (up from PK₨0.45 in 2Q 2025). Revenue: PK₨9.27b (up 7.6% from 2Q 2025). Net income: PK₨818.5m (up 147% from 2Q 2025). Profit margin: 8.8% (up from 3.8% in 2Q 2025). The increase in margin was driven by higher revenue. 공시 • Feb 07
International Packaging Films Limited to Report First Half, 2026 Results on Feb 16, 2026 International Packaging Films Limited announced that they will report first half, 2026 results on Feb 16, 2026 Reported Earnings • Oct 25
First quarter 2026 earnings released: EPS: PK₨0.25 (vs PK₨0.32 in 1Q 2025) First quarter 2026 results: EPS: PK₨0.25 (down from PK₨0.32 in 1Q 2025). Revenue: PK₨2.95b (down 61% from 1Q 2025). Net income: PK₨182.6m (down 23% from 1Q 2025). Profit margin: 6.2% (up from 3.1% in 1Q 2025). The increase in margin was driven by lower expenses. 공시 • Oct 16
International Packaging Films Limited to Report Q1, 2026 Results on Oct 24, 2025 International Packaging Films Limited announced that they will report Q1, 2026 results on Oct 24, 2025 New Risk • Sep 24
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.4% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (PK₨17.6b market cap, or US$62.4m). Reported Earnings • Sep 24
Full year 2025 earnings released: EPS: PK₨1.72 (vs PK₨0.065 loss in FY 2024) Full year 2025 results: EPS: PK₨1.72 (up from PK₨0.065 loss in FY 2024). Revenue: PK₨34.4b (up 51% from FY 2024). Net income: PK₨1.20b (up PK₨1.24b from FY 2024). Profit margin: 3.5% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. 공시 • Sep 11
International Packaging Films Limited to Report Fiscal Year 2025 Results on Sep 18, 2025 International Packaging Films Limited announced that they will report fiscal year 2025 results on Sep 18, 2025 Reported Earnings • May 04
Third quarter 2025 earnings released: EPS: PK₨0.59 (vs PK₨0.70 loss in 3Q 2024) Third quarter 2025 results: EPS: PK₨0.59 (up from PK₨0.70 loss in 3Q 2024). Revenue: PK₨9.81b (up 54% from 3Q 2024). Net income: PK₨410.1m (up PK₨859.4m from 3Q 2024). Profit margin: 4.2% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Reported Earnings • Mar 01
Second quarter 2025 earnings released: EPS: PK₨0.47 (vs PK₨0.50 in 2Q 2024) Second quarter 2025 results: EPS: PK₨0.47. Revenue: PK₨8.61b (up 75% from 2Q 2024). Net income: PK₨331.3m (up 4.9% from 2Q 2024). Profit margin: 3.8% (down from 6.4% in 2Q 2024). The decrease in margin was driven by higher expenses. Reported Earnings • Oct 05
Full year 2024 earnings released: PK₨0.065 loss per share (vs PK₨3.54 profit in FY 2023) Full year 2024 results: PK₨0.065 loss per share (down from PK₨3.54 profit in FY 2023). Revenue: PK₨22.8b (up 15% from FY 2023). Net loss: PK₨41.1m (down 102% from profit in FY 2023). 공시 • Sep 12
International Packaging Films Limited, Annual General Meeting, Oct 23, 2024 International Packaging Films Limited, Annual General Meeting, Oct 23, 2024. Location: at icap auditorium, at chartered accountants avenue, block 8,clifton, sindh 75600, karachi Pakistan Board Change • Jun 04
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 8 non-independent directors. Independent Director Sarfaraz Rehman was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 
