IPAK Group Posts Rs. 567 Million Profit in First Half of FY25

International Packaging Films Limited (IPAK) Group has posted a consolidated profit before tax of Rs. 464.67 million for the six months ending December 31, 2024. Meanwhile, the net profit attributed to the Owners’ of the Holding Company stands at Rs. 567.63 million achieving Earnings Per Share of 0.81 for the six months ending December 31, 2024. The group has recorded a 61 percent increase in its revenues for the six months ending December 31, 2024. The current consolidated revenue of the group stands at Rs. 16.25 billion as compared to Rs. 10.08 billion in the same period last year. This growth in the group’s revenue was primarily driven by the introduction of new capacities, which include a new product line and the expansion into export markets, with exports contributing $12 million in revenue during the period. The gross margins of IPAK also improved compared to the previous quarter, reflecting incremental growth and increased stability in financial performance. The Group achieved a total EBITDA of Rs. 2,250 million for the half year ended December 31, 2024, highlighting strong cash flow generation and earnings potential. Both of the Group’s major expansion projects are now fully operational, and management is focused on achieving maximum capacity utilization to unlock synergies that will enhance profitability and operational efficiency. Despite macroeconomic challenges, the Group successfully sustained growth, maintained margins, and outperformed the overall flexible packaging sector during the period. The group collectively offers a complete portfolio of packaging solutions, producing BOPP, CPP, and BOPET films, making it the first-ever group in Pakistan to provide one-window flexible packaging solutions, located at two strategically important locations in the country.