Agritech returns to profitability in first half FY25

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MG News | August 05, 2025 at 03:49 PM GMT+05:00

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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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