Karachi: Al-Ghazi Tractors Ltd has announced its financial results for the half-year ending June 30, 2026, revealing robust revenue growth and a significant increase in profits. The company's Board of Directors, in a meeting held on August 21, 2026, approved the half-yearly financial statements and declared no interim dividends, bonus shares, or right shares for the said period.
The financial results, disclosed in a report dated August 24, 2026, show a remarkable surge in revenue from contracts with customers, reaching 13.94 billion rupees for the half-year, compared to 7.73 billion rupees in the same period last year. This represents a very large or significant move in revenue.
Despite the impressive financial performance, the Board has recommended a cash dividend of NIL per share, maintaining the interim dividend at NIL%. Additionally, no bonus shares or right shares were proposed, with all entitlements remaining NIL%.
According to information available from the Pakistan Stock Exchange (PSX), Al-Ghazi Tractors Ltd reported a gross profit of 3.73 billion rupees for the half-year, a substantial increase from the 1.35 billion rupees recorded in the previous year. Operating profit also rose significantly to 2.34 billion rupees, compared to a loss of 36.85 million rupees last year.
The company's profit before income tax amounted to 2.36 billion rupees, reversing a loss of 137.22 million rupees from the previous year. After accounting for taxation, the profit after tax stood at 1.45 billion rupees, contrasting sharply with a loss of 75.15 million rupees in the previous period. Basic and diluted earnings per share were reported at 24.99 rupees, a big move from the previous year's loss of 1.30 rupees per share.
The condensed interim statement of financial position as of June 30, 2026, shows total assets amounting to 20.44 billion rupees, an increase from 18.89 billion rupees as of December 31, 2025. Current assets grew to 17.35 billion rupees, with inventories and cash balances both exhibiting strong growth.
Al-Ghazi Tractors Ltd's total liabilities slightly increased to 8.46 billion rupees from 8.36 billion rupees at the end of 2025. Current liabilities stood at 8.15 billion rupees, with trade and other payables accounting for the largest share.
The company's share capital remained unchanged at 289.82 million rupees, while unappropriated profit increased to 11.69 billion rupees from 10.24 billion rupees at the end of December 2025.
The report indicates that the company has not engaged in any new entitlements or corporate actions, and no additional price-sensitive information was disclosed during the meeting.
Al-Ghazi Tractors Ltd operates in the designated market category of the industrial sector, specifically focusing on manufacturing agricultural machinery and equipment.