Al-Ghazi Tractors Limited (AGTL) reported a strong financial turnaround for the nine months ended September 30, 2026. Higher tractor sales boosted revenue and profitability, helping the company post a net profit of Rs. 1.658 billion against a loss of Rs. 270 million in the same period last year.

Tractor sales increased 60% year-on-year, while operating revenue climbed approximately 79%. The results reflect stronger production, higher sales volumes and improved financial performance during the reporting period.

Tractor Production and Sales Increase

AGTL produced 6,967 tractors during the first nine months of 2026, up 39% from 5,005 units in the corresponding period of 2025.

Sales recorded even stronger growth. The company sold 6,587 tractors, compared with 4,126 units a year earlier, marking a 60% increase.

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The higher sales volume supported a significant rise in operating revenue. Revenue reached Rs. 17.511 billion, compared with Rs. 9.761 billion in the same period last year.

Gross Profit Surges 159%

AGTL’s gross profit increased approximately 159% to Rs. 4.477 billion during the nine-month period. The company had reported gross profit of Rs. 1.729 billion in the corresponding period of 2025.

This represents an increase of Rs. 2.748 billion, highlighting the improvement in the company’s financial performance.

Company Returns to Profitability

The company’s bottom line also improved significantly. AGTL posted a net profit of Rs. 1.658 billion, reversing a net loss of Rs. 270 million recorded a year earlier.

The turnaround represents a positive swing of Rs. 1.928 billion in profitability.

Earnings per share rose to Rs. 28.61 for the nine months ended September 30, 2026. In the corresponding period last year, the company reported a loss per share of Rs. 4.65.

CEO Highlights Operational Progress

Commenting on the results, Yasin Seker, Chief Executive Officer of Al-Ghazi Tractors Limited, 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.”

AGTL said its performance reflected stronger operations, higher sales and improved profitability. The company remains focused on operational discipline, customer service and sustainable growth as it navigates changing business conditions.