AGTL posts massive turnaround with Rs1.5bn profit in 1HCY26

Al-Ghazi Tractors Limited (PSX: AGTL) returned to profit in the half year ended June 30, 2026, earning a net profit of Rs1.45bn, Mettis Global reported. That compares with a net loss of Rs75.15m in the same period last year, and the publisher linked the swing to a sharp rise in sales and gross margins.

Revenue rose 80% to Rs13.94bn, against Rs7.73bn a year earlier. Cost of sales rose 60% to Rs10.21bn, but revenue growth outpaced that increase, lifting gross profit to Rs3.73bn from Rs1.35bn. Operating profit reached Rs2.34bn, reversing an operating loss of Rs36.85m in the prior year.

Distribution expenses increased 15% to Rs311.24m and administrative expenses rose 4% to Rs1bn, while finance costs dropped 95% to Rs8.02m. Other income of Rs210.84m helped push profit before tax to Rs2.36bn. After a tax charge of Rs907.62m, net profit stood at Rs1.45bn, and earnings per share were Rs24.99 compared with a loss of Rs1.30.