Al-Ghazi Tractors reports half-year loss

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