Al-Ghazi Tractors Limited (AGTL) posted a net profit of Rs. 1.658 billion for the nine months ended September 30, 2026, reversing a Rs. 270 million loss in the same period last year. The turnaround came as tractor sales rose 60% year-on-year and operating revenue increased about 79%.
Production climbed to 6,967 tractors, a 39% increase from 5,005 units in the first nine months of 2025. Sales accelerated even faster, reaching 6,587 units versus 4,126 in the comparative period, marking a 60% rise.
Operating revenue grew to Rs. 17.511 billion for the nine-month span, compared with Rs. 9.761 billion a year earlier, reflecting roughly a 79% gain.
Gross profit surged about 159% to Rs. 4.477 billion, up from Rs. 1.729 billion in the prior year, an increase of Rs. 2.748 billion.
Net profit of Rs. 1.658 billion represented a Rs. 1.928 billion swing from the previous year's loss, while earnings per share rose to Rs. 28.61 from a loss of Rs. 4.65.
Chief Executive Officer Yasin Seker said, "The nine-month performance reflects stronger operational momentum across the business and the impact of disciplined execution. While we remain mindful of the broader operating environment, our focus continues to be on serving our customers effectively, strengthening operational efficiency and building a business capable of delivering sustainable performance over the long term."
The nine-month results underline a marked improvement in AGTL's operational and financial footing, with higher production and sales feeding revenue and profitability. The company says it will keep operational discipline, respond to customer needs and pursue sustainable growth amid a changing business climate.
