Indus Motor Company (IMC), Toyota’s publicy listed arm in Pakistan, has delivered the most profitable year in its history – despite a dramatically more crowded forecourt. For the year ended June 2025, profit after tax surged to Rs23.0 billion (EPS Rs292.7), up 53.0% year‑on‑year, while the board signed off on the company’s highest‑ever dividend at Rs176.0 per share. Even with South Korean and Chinese nameplates now firmly embedded in showrooms – and nibbling at niches from subcompact SUVs to pickups – Toyota’s Pakistan business expanded margins and volumes to close a record year.
The operational gears all turned the right way. Net sales climbed 41.0% to Rs215.1 billion, and operating profit more than doubled to Rs25.3 billion, as the gross margin improved to 15.0% from 13.0% a year earlier. EBITDA was up 84.0% to Rs31.5 billion, and net margin a full percentage point better than FY24. Profitability in the second half of financial year 2025 was materially stronger than the prior‑year half, underscoring that the step‑up was not confined to a single quarter. The content in this publication is expensive to produce. But unlike other journalistic outfits, business publications have to cover the very organizations that directly give them advertisements. Hence, this large source of revenue, which is the lifeblood of other media houses, is severely compromised on account of Profit’s no-compromise policy when it comes to our reporting. No wonder, Profit has lost multiple ad deals, worth tens of millions of rupees, due to stories that held big businesses to account. Hence, for our work to continue unfettered, it must be supported by discerning readers who know the value of quality business journalism, not just for the economy but for the society as a whole.To read the full article, subscribe and support independent business journalism in Pakistan
