January 29, 2026 (MLN): International Industries Limited (PSX:INIL) posted a net profit of Rs699.6m for the half year ended December 31, 2025, which represents an impressive 80.6% increase from the Rs387.5m profit recorded in the same period last year.

The company's earnings per share rose to Rs5.3 from Rs2.94 in the corresponding period of the previous year, dividend came in at Rs2 per share.

The steel and pipe manufacturing company's revenue from contracts with customers increased 18.2% YoY to Rs14.01bn from Rs11.85bn, demonstrating robust top-line growth.

Cost of sales rose 15.8% to Rs12.33bn from Rs10.65bn, resulting in a gross profit of Rs1.68bn, up 39.5% from Rs1.20bn in the prior period.

The improved gross profit margin indicates enhanced operational efficiency and better cost management during the period.

Selling and distribution expenses increased 30.8% to Rs836.6m from Rs639.5m, while administrative expenses rose 23.5% to Rs249.2m from Rs201.8m.

Operating profit surged 56.3% to Rs586.7m from Rs375.4m, reflecting strong operational performance despite higher selling and administrative costs.

Finance costs declined 12.7% to Rs303.2m from Rs347.1m, providing relief to the bottom line as borrowing costs moderated.

Profit before levies and income tax reached Rs972.9m, up 37% from Rs710.1m in the prior half year.

The company recorded zero levies during the current period compared to Rs15.2m in SPLY.

Profit before tax stood at Rs973m, representing a 40% increase from Rs694.9m. The company's income tax expense declined 11.1% to Rs273.4m from Rs307.5m in the corresponding period last year, further supporting the strong profit growth.