AGP Limited half-year profit nearly doubles

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MG News | August 27, 2025 at 09:50 AM GMT+05:00

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August 27, 2025 (MLN): AGP Limited (PSX: AGP) shared its financial results for the half-year ended June 30, 2025 and posted a profit after tax of Rs1.69bn, nearly 97.2% higher than Rs858m recorded in the same period last year.

The company’s earnings per share (EPS) stood at Rs5.25, compared to Rs2.79 in 1HFY24, showing an 88.2% increase.

The company gave cash dividend at Rs2 per share.

Revenue from contracts with customers rose by 9.2% YoY to Rs12.72bn, while the cost of sales remained almost flat at Rs5.34bn, improving the company’s gross profit by 17.3% to Rs7.38bn.

Administrative expenses fell 6.6% to Rs432m, whereas marketing and selling expenses climbed 14.1% to Rs3.43bn. Other expenses increased 43.3% to Rs158m, while other income dropped 38.9% to Rs47m.

Finance costs decreased significantly by 49.4% to Rs747m, compared to Rs1.48bn last year.

Consequently, profit before income tax surged by 102.4% YoY to Rs2.66bn. However, taxation expenses more than doubled, increasing 112.1% to Rs967m.

Despite the higher tax charge, AGP closed the half-year with a net profit of Rs1.69bn, almost double the previous year’s Rs858m.

CONSOLIDATED STATEMENT OF PROFIT OR LOSS FOR THE SIX MONTHS ENDED JUNE 30, 2025 (Rs.000)

Description

1HFY25

1HFY24

change%

Revenue from contracts with customers - net

12,717,368

11,642,064

9.2%

Cost of sales

(5,337,911)

(5,349,999)

-0.2%

Gross profit

7,379,457

6,292,065

17.3%

Administrative expenses

(432,285)

(462,801)

-6.6%

Marketing and selling expenses

(3,431,137)

(3,008,345)

14.1%

Other expenses

(157,496)

(109,498)

43.8%

Other income

47,491

77,677

-38.9%

Finance costs

(746,849)

(1,475,309)

-49.4%

(4,720,276)

(4,978,276)

-5.2%

Profit before income tax and levies

2,659,181

1,313,789

102.4%

Levies

-

-

Profit before income tax

2,659,181

1,313,789

102.4%

Taxation

(966,697)

(455,681)

112.1%

Net profit for the period

1,692,484

858,108

97.2%

Earnings per share - basic and diluted (in Rupees)

5.25

2.79

88.2%

 

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