Agritech returns to profitability in first half FY25

MG News | August 05, 2025 at 03:49 PM GMT+05:00
August 5, 2025 (MLN): Agritech Limited (PSX: AGL) has posted a net profit of Rs2.24 billion for the six-month period ended June 30, 2025, compared to a net loss of Rs1.24bn in the same period last year, reflecting a notable financial turnaround.
Earnings per share (EPS) rose to Rs3.74 from a
loss per share of Rs2.06, driven by strong other income and
significantly reduced finance costs.
Net sales declined 7.67% to Rs13.21bn during
the half-year under review, from Rs14.31bn in the corresponding period
last year.
The cost of sales dropped 6.96% to Rs11.13bn,
but not enough to protect margins, leading to an 11.30% decline in gross
profit, which stood at Rs2.08bn.
The company faced a steep increase in expenses, with selling
and distribution expenses more than doubling to Rs924.35 million, up
130.43%, and administrative costs rising 11.87% to Rs465.32m.
Other expenses saw an unusual surge to Rs524.89m,
compared to just Rs1.19m last year.
As a result, total operating expenses jumped 133.98%
to Rs1.91bn.
On the positive side, other income soared by 614.45%,
reaching Rs4.85bn, providing substantial support to the bottom line.
This led to an operating profit of Rs5.02bn,
more than double the Rs2.21bn reported in the same period last year — a
jump of 127.27%.
Finance costs declined by 41.75% to Rs2.02bn,
further improving pre-tax profitability. Consequently, the company reported a profit
before taxes of Rs2.99bn, a sharp contrast to the loss of Rs1.27bn
in 1HFY24.
Despite a 266.55% increase in final and minimum
taxes, the company closed the period with Rs2.24bn in net earnings,
showing a strong recovery.
Statement of Profit and
Loss for the Six Months Ended 30, June 2025 |
|||
June-25 |
June-24 |
%Change |
|
Sales - net |
13,208,460,966 |
14,306,098,611 |
-7.67% |
Cost of sales |
(11,126,660,199) |
(11,959,135,747) |
-6.96% |
Gross profit |
2,081,800,767 |
2,346,962,864 |
-11.30% |
Selling &
distribution expenses |
(924,345,011) |
(401,143,463) |
130.43% |
Admin & general
expenses |
(465,318,947) |
(415,943,173) |
11.87% |
Other expenses |
(524,894,445) |
(1,187,732) | |
Total expenses |
(1,914,558,403) |
(818,274,368) |
133.98% |
Other income |
4,849,656,188 |
678,797,491 |
614.45% |
Operating profit |
5,016,898,552 |
2,207,485,987 |
127.27% |
Finance cost |
(2,023,503,183) |
(3,473,824,200) |
-41.75% |
Profit/(Loss) before
taxes |
2,993,395,369 |
(1,266,338,213) |
|
Final & minimum
taxes |
(900,732,461) |
(245,733,712) |
266.55% |
Profit/(Loss) before
taxation |
2,092,662,908 |
(1,512,071,925) |
|
Taxation |
148,539,024 |
276,882,146 |
-46.35% |
Profit/(Loss) after
taxation |
2,241,201,932 |
(1,235,189,779) |
|
Profit/(Loss) per share
- basic & diluted |
3.74 |
(2.06) |
|
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