Agritech swings to Rs4bn loss in 9MCY26

October 28, 2026 (MLN): Agritech Limited (PSX: AGL) posted a net loss of Rs4.15bn for the nine months ended September 30, 2026, compared with a profit after taxation of Rs2.20bn in the same period last year.

Loss per share (LPS) stood at Rs6.92, against earnings per share (EPS) of Rs3.67 in the corresponding period last year.

The swing came from a 99.51% collapse in gross profit and an 80.78% drop in other income. Lower selling expenses, a sharp cut in other expenses, lower finance cost and a larger tax credit only partly cushioned the impact.

Net sales fell 9.57% to Rs21.36bn from Rs23.63bn. Cost of sales rose 8.42% to Rs21.35bn from Rs19.69bn, which wiped out almost all of the gross profit, leaving Rs19.28m compared with Rs3.94bn last year.

Selling and distribution expenses fell 25.68% to Rs1.36bn from Rs1.82bn, while administrative and general expenses edged up 1.39% to Rs711.96m from Rs702.22m.

As a result, the company recorded an operating loss of Rs2.05bn, compared with an operating profit of Rs1.41bn in the same period last year.

Other expenses declined 75.35% to Rs127.39m from Rs516.87m, but other income plunged 80.78% to Rs964.20m from Rs5.02bn. Finance cost fell 6.31% to Rs2.88bn from Rs3.07bn.

Loss before final and minimum taxes stood at Rs4.09bn, against a profit of Rs2.84bn last year. Final and minimum taxes declined 41.17% to Rs526.46m from Rs894.83m, taking the loss before taxation to Rs4.61bn, compared with a profit of Rs1.95bn.

A taxation credit of Rs466.21m, up 84.24% from Rs253.05m, cushioned the loss further and left it at Rs4.15bn.

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