Interloop Limited (PSX: ILP) has posted a profit after tax of Rs. 5.65 billion for the year ended June 30, 2025, marking a steep 65.7% decline from Rs. 16.46 billion in FY24.
The company’s net sales grew 13.4% year-on-year to Rs. 179.4 billion, compared to Rs. 158.2 billion last year. However, the cost of sales surged 25.1% to Rs. 142.6 billion, squeezing margins and dragging gross profit down 16.8% to Rs. 36.8 billion, versus Rs. 44.2 billion in FY24.
Operating expenses rose 9.4% to Rs. 18.6 billion, fueled by a 20.6% jump in distribution costs to Rs. 7 billion and a 17.5% increase in administrative expenses to Rs. 10.7 billion. On the other hand, other operating expenses dropped 55.7% to Rs. 948 million.
Other income stood at Rs. 534 million, down 20.3% year-on-year, while no subsidiary acquisition income was recorded in FY25, compared to Rs. 857 million in the previous year.
Consequently, profit from operations fell 34.9% to Rs. 18.6 billion from Rs. 28.6 billion in FY24. After finance costs of Rs. 9.56 billion (down 5.8% year-on-year), profit before tax dropped 50.9% to Rs. 9.09 billion.
Following taxation of Rs. 3.46 billion, Interloop closed FY25 with a net profit of Rs. 5.65 billion, significantly lower than Rs. 16.46 billion in the prior year.
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Earnings per share (EPS) came in at Rs. 3.96, down sharply from Rs. 11.78 in FY24.
