Al-Ghazi Tractors reports half-year loss

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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