Al-Ghazi Tractors reports half-year loss

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MG News | August 25, 2025 at 09:54 AM GMT+05:00

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August 25, 2025 (MLN): Al-Ghazi Tractors Limited (PSX: AGTL) unveiled its profit and loss statement for the half year ended June 30, 2025, reporting a loss after tax of Rs75.15 million [EPS: Rs1.3], compared to a profit of Rs1.73 billion [EPS: Rs29.9] in the same period last year (SPLY).

The revenue from contracts with customers fell 55.95% YoY to Rs7.72bn from Rs17.54bn in SPLY.

Meanwhile, the cost of sales decreased by 53.13% YoY to Rs6.37bn, resulting in a 65.68% decline in gross profit, which stood at Rs1.35bn.

On the expense side, distribution expenses increased 36.49% YoY to Rs269.54m, while administrative expenses rose 30.50% YoY to Rs958.48m.

Other income declined 64.47% YoY to Rs79.73m, whereas other expenses dropped 92.55% YoY to Rs17.59m.

The company’s finance costs inched up 2.58% YoY, reaching Rs162.52m.

Consequently, the company recorded a loss before taxation and levy of Rs137.22m, compared to a profit of Rs28.37bn in SPLY.

After taxation of Rs62.07m against a negative Rs1.10bn in the prior year, the company posted a net loss of Rs75.15m.

Statement of Profit and Loss for the Half Year Ended June 30, 2025 (Rs ‘000’)

Description

Jun-25

Jun-24

%Change

Revenue from contracts with customers

7,726,688

17,540,520

-55.95%

Cost of sales

(6,374,695)

(13,600,943)

-53.13%

Gross profit

1,351,993

3,939,577

-65.68%

Distribution expenses

(269,544)

(197,484)

36.49%

Administrative expenses

(958,475)

(734,484)

30.50%

Other income

79,728

224,400

-64.47%

Other expenses

(17,586)

(236,021)

-92.55%

Finance costs

(162,515)

(158,426)

2.58%

(Loss)/Profit before income tax and levy

(137,222)

28,372,288

 

Levy – final tax

(2,226)

 

(Loss)/Profit before income tax

(137,222)

2,835,002

 

Taxation

62,069

(1,101,755)

 

(Loss)/Profit after taxation

(75,153)

1,733,247

 

Earnings per share – Rupees

1.3

29.9

-95.65%

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