Islamabad, Feb 25: International Packaging Films Limited (IPAK) Group has reported strong financial performance for the six months ending December 31, 2024, with a consolidated profit before tax of Rs. 464.67 million. The net profit attributable to the owners of the holding company stood at Rs. 567.63 million, translating into earnings per share (EPS) of Rs. 0.81 for the period.
The group recorded an impressive 61 percent increase in revenue, reaching Rs. 16.25 billion, compared to Rs. 10.08 billion in the same period last year. This substantial growth was driven by new production capacities, the introduction of a new product line, and expansion into export markets, where exports contributed $12 million in revenue. The financial performance also showed improvement in gross margins, reflecting increased stability and operational efficiency.
IPAK’s earnings before interest, taxes, depreciation, and amortization (EBITDA) for the half-year stood at Rs. 2,250 million, showcasing robust cash flow generation and strong earnings potential. With both of its major expansion projects now fully operational, the company is focused on maximizing capacity utilization to enhance profitability and unlock operational synergies.
Despite macroeconomic challenges, IPAK sustained its growth trajectory, maintained healthy margins, and outperformed the broader flexible packaging sector. The company remains the first in Pakistan to offer a complete range of one-window flexible packaging solutions, including BOPP, CPP, and BOPET films, with facilities strategically positioned at two key locations in the country.
As IPAK continues to expand its market presence and optimize its operations, its strategic initiatives in innovation, efficiency, and global reach are expected to further solidify its position as a leader in Pakistan’s packaging industry.
