Al-Ghazi Tractors reports half-year loss

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.

 Copyright Mettis Link News