Al-Ghazi Tractors Posts Rs1.66 Billion Profit As Revenue Jumps 79%
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✧ GENERATE BRIEFING
Al-Ghazi Tractors Limited (AGTL / PSX: AGTL) released its financial results for the nine months ended September 30, 2026, reporting a total net profit of Rs1.66 billion. The performance marks a sharp turnaround from the net loss of Rs269.8 million recorded during the corresponding nine-month period in 2025, driven by a 79.4% surge in net revenues.Key financial and operational highlights include:Top-Line & Bottom-Line Growth: Operating revenue expanded to Rs17.51 billion (up from Rs9.76 billion in 9M2025). Gross profit climbed 159% year-on-year to Rs4.48 billion, adding Rs2.75 billion in gross margin over the period.Volume Expansion & Production: Tractor sales volume grew 60% to 6,587 units (compared to 4,126 units in 9M2025). Total production volume rose 39% to 6,967 units (up from 5,005 units).Earnings Per Share (EPS): Nine-month EPS recovered to Rs28.61 per share, reversing the loss per share of Rs4.65 recorded in the previous year.
Al-Ghazi Tractors Limited (AGTL) reported a net profit of Rs1.66 billion for the nine months ended September 30, 2026, reversing a loss recorded in the same period last year as higher tractor sales boosted revenue and profitability.
The company earned a profit after tax of Rs1.658 billion during the January–September period, compared with a net loss of Rs269.8 million a year earlier, according to its official financial statements submitted to the Pakistan Stock Exchange.
Financial Performance and Revenue Breakdown
Operating revenue increased 79.4% year-on-year to Rs17.51 billion from Rs9.76 billion, reflecting stronger agricultural equipment demand and improved commercial delivery.
The increase in sales supported a substantial expansion in gross profitability. Gross profit climbed 159% to Rs4.48 billion from Rs1.73 billion in the same period last year, representing an absolute increase of approximately Rs2.75 billion.
| Financial / Operational Indicator | 9M2025 | 9M2026 | YoY Growth / Change |
| Net Revenue | Rs9.76 Billion | Rs17.51 Billion | +79.4% |
| Gross Profit | Rs1.73 Billion | Rs4.48 Billion | +159.0% |
| Profit After Tax (PAT) | (Rs269.8 Million) | Rs1.658 Billion | Turnaround |
| Earnings Per Share (EPS) | (Rs4.65) | Rs28.61 | Turnaround |
| Tractor Sales Volume | 4,126 Units | 6,587 Units | +60.0% |
| Tractor Production Volume | 5,005 Units | 6,967 Units | +39.0% |
Operational Recovery and Sales Volumes
Tractor sales volume rose 60% to 6,587 units during the first nine months of 2026, compared with 4,126 units in the corresponding period of 2025.
Production also expanded across manufacturing facilities. AGTL produced 6,967 tractors in the first nine months of 2026, up 39% from 5,005 units a year earlier. The company’s earnings per share (EPS) turned positive at Rs28.61, compared with a loss per share of Rs4.65 in 9M2025.
Third-Quarter Growth and Corporate Executive Outlook
AGTL’s quarterly performance also posted positive momentum. For the third quarter ended September 30, 2026, the company reported a net profit of Rs210.1 million, against a net loss of Rs225.6 million in the third quarter of 2025.
Commenting on the nine-month results, Yasin Seker, chief executive officer of Al-Ghazi Tractors, said the performance reflected stronger operational momentum and disciplined execution. He added that the company would continue focusing on customer service, operational efficiency, and building sustainable long-term performance while remaining mindful of broader economic conditions.
The results mark an operational turnaround for the tractor manufacturer compared with the prior year. Sustaining this profitability will depend on farm-income dynamics, tractor demand, raw material costs, and broader macroeconomic factors affecting Pakistan’s agricultural sector.
