IPAK Profit Surges More Than Sevenfold To Rs4.95bn In FY26.
✧ GENERATE BRIEFING +
International Packaging Films Limited (IPAK) delivered an exceptional financial performance for the fiscal year ended June 30, 2026 (FY26), with consolidated profit after tax surging more than sevenfold to Rs4.95 billion, up from Rs664 million in FY25. Consolidated net sales expanded 23% year-on-year to Rs42.17 billion, driven by robust demand across its integrated manufacturing lines for BOPP, BOPET, and CPP packaging films. The company's profitability metrics experienced massive expansion, with gross profit jumping 88% to Rs9.39 billion and the gross profit margin improving sharply to 22.3% from 14.5%, supported by stronger operating leverage and an optimized product mix.IPAK’s international footprint also strengthened, with export revenue rising roughly 30% to Rs10.4 billion (approx. $37 million), making up 25% of total consolidated revenue. Building on this earnings surge, the board recommended a higher cash dividend of Rs2 per share, up from Rs0.60 per share previously.
International Packaging Films Limited (IPAK) posted a sharp improvement in financial performance during FY2026, with consolidated profit after tax rising more than sevenfold to Rs4.95 billion, compared with Rs664 million a year earlier.
The company’s consolidated earnings per share increased to Rs6.73 from Rs1.64, while sales climbed 23% to Rs42.17 billion, indicating that stronger revenue growth was accompanied by a substantial improvement in profitability.
IPAK’s export business also expanded during the year. Export revenue rose around 30% to Rs10.4 billion, equivalent to approximately $37 million, with overseas sales accounting for about 25% of consolidated revenue, compared with 23% in FY2025.
The company recorded an 88% increase in gross profit to Rs9.39 billion, while its gross profit margin improved significantly to 22.3% from 14.5%. Operating profit reached Rs8.14 billion, lifting the operating margin to 19.3% from 11.1%.
IPAK attributed the improvement to better operating leverage, product mix and efficiency gains across its integrated manufacturing platform. The group produces BOPP, BOPET and CPP packaging films and has increasingly focused on specialised and value-added products for international markets.
The board has recommended a cash dividend of Rs2 per share for FY2026, compared with Rs0.60 per share paid in the previous year, reflecting the stronger earnings position.
On a standalone basis, IPAK’s gross profit increased to Rs3.08 billion, while profit after tax rose around 55% to Rs1.32 billion. Standalone EPS reached Rs1.79 from Rs1.16 in FY2025, supported partly by greater allocation of capacity towards higher-margin domestic business.
Looking ahead, the company expects geopolitical uncertainty and possible disruptions to global trade and supply chains to remain challenges. Management said it will continue focusing on operational efficiency, innovation, value-added packaging films and international market development to sustain growth.
