AGTL
August 22, 2025
PRODUCERS OF NEW HOLLAND TRACTORS IN PAKISTAfJ
THE DIRECTOR
Corporate Super vision Department Company Law Division
Securities and Exchange Commission of Pakistan NIC Building, Jiiinah Avenue, Blue Area Islamabad
THE GENERAL MANAGIR
Listing Department
Pakistan Stock Exchange Limited Stock Exchange Building
Stock Exchange Road Karachi
Subject: Financial Results for the Half-Year ended June 30, 2025
DearSks),
We would like to inform you that the Board of Directors of Al-Ghazi Tractors Limited (the Company), in their meeting held on August 22, 2025, at 05:00 pm, through video conferencing facility, approved the Half-Year ly financial statements of the Company for the period ended on June 30, 2025, and recommended the following:
Cash Dividend
An interim cash dividend for the Half-Year ended on June 30, 2025 @ Rs. NIL per sh‹ re i.e. NIL % has been approved for recommendaHon to the shareholders. This is in addition t‹i the interim dividend akeady paid at As. NIL per share i.e. NIL ,t.
Bonus Shares
It has been recommended by the Board of Directors to issue Bonus Shares in the proportion of NIL share(s) for every NIL share(s) held i.e. NIL%. This is in addition to the Interim I'onus Shares already issued A NIL %.
iii, Right Shares
The Board has recommended to issue NIL */ Right Shares at par/at a discount/ pre mium of Rs. NIL per share in proportion of NIL share(s) for every NIL share(s). The entitlement o right shares being declared simultaneously will be/ will not be applicable or Bonus Shares as declared above.
Any other entitlemeni/ corporate action Nil
Any other price-sensitive information Nil
AL FUTTAIM AGTL
LAHORE: Oo rporaie Office 9Ih EIoor, Askari Corporate Toner, (5/76 D-4 . MaO Bou1e•atd. Gu!beig tit, Wahore . Pakistan. Tel . t92-042) 364004Bo-99
KARACHi: n• s›•‹ered Office - Tractor Houso. Plol No. 102-B, 16th East Slreel Pnase 1, D H.A.. Olt Korangi Road, Karachi y5500, Pakistan. Tel: {9*-0P1) 35319901 5. Fax (92-out) 3566088z DERA GNAZJ KHAN: Factory P 0. Box Nn 38. Sakhi Sa 'ar Read. Dera Ghazi Khan Tel: (9P-064) 2460750, 2463812, 2020750-11, Fax f92-064) z462 I J 7
LAN- ORE Mar keting Ofiice - 1 0 km ShelXhupura Road, Lahore. Tel: (9*-042) 3730682 J -28.
Web Site : wy'//7. aighazitractors.cont
‹t«i
AGTL
AI-GHAIi TRACYORS LOO›
PRODUCERS OF NEW HOLLAND TRACTORS IN PAKISTALJ
The financial results of the Company are attached covering the following:
Statemer+t of Profit or Loss;
Statement of Financial Position;
Statement of Changes in Equity; and
d Statement of Cash Flows.
The Financial Statements (Quarterly neport) of the Company shall be transmi bed through PUCARS within the stipulated timeframe.
Yours truly,
For AL-GHAZI TRACTORS LIMITED
Man oor Khan
ConipainJ SecretariJ
AGTL
LAHORE: Corporate Office - 9th Floor, Askari Corporate Tower, 75T6 D-1, Main Boulevard. Gulberg iii, Lahore, Pakislan. Tel- (92-042) 36400484-99.
RARACnI: Registered Ollice - Tractor House, Ptot No 102 B, 16th East Street. Phase J , 0 H.A., Off Korangi Road, Karachi-75500, Pakisjsn. Tel: (92-021) 353a 8901-5, Fax: t92-021) :35660882 DERA GHAZT KNAN: Faclory - P. O Box No. 38, Sakhi Sarwar Road, Dera Ghazi Khan. Tel. (92-064) 24637 TO. 2463812, 9080750-51, Fax: (92-064) 2s6T 117
LAHORE: Marketing Oflice- 10 km Sheikhupura Road. Lahore Tel: (92-042) 3730682 J -28.
Web site . https://www.aIghazitractors.com
CONDENSED INTERIM STATEMENT OF PROFIT OR LOSSFOR THE QUARTER AND HALF YEAR ENDED JUNE 30, 2025 (UNAUDI-FED)
Quarter ended Half year ended
June 30, 2025 | June 30, 2024 | June 30, 2025 | June 30, 2024 | ||||
(Rupees in thousa nd) | |||||||
Revenue from contracts with customers | 4,090,723 | 8,043,836 | 7,72›3,688 | 17,540,520 | |||
Cost of sales | (3,519,237) (6,214,475) (6,37 695 | (13,600,943) | |||||
Gross profit | 571,486 | 1,829,361 | 1,35 I ,993 | 3,939,577 | |||
Distribution expenses | (135,633) | (16,259) | (263,544) | (197,484) | |||
Administrative expenses | (436,750) | (339,698) | (95B,475) | (734,828) | |||
Charge for expected credit loss | (16D,823) | ||||||
Operating (loss) / profit | (897) | 1,473,404 | (3 6,849) | 3,007,265 | |||
Other income | 43,545 | 192,342 | 79,728 | 224,400 | |||
Other expenses | (11,248) | (110,561) | (17,586) | (236,021) | |||
Finance costs | (110,399) | (108,285) | (162,515) | (158,416) | |||
(Loss) / profit before income tax and levy | (78,999) | 1,446,900 | (137,222) | 2,837,228 | |||
Levy - final tax | (1,836) | (2,226) | |||||
(Loss) / profit before income tax | (78,999) | 1,445, 064 | (137,222) | 2,835,002 | |||
Taxation | 106,088 | (565,133) | 62,069 | (1,101,755) | |||
(Loss) / profit after taxation | 27,089 | 879,931 | 75,153) | 1,733,247 | |||
Basic and diluted (loss) / earnings per share - Rupees | (1.30) | 29.90, | |||||
AGTL
CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION AS AT JUNE 10, 2025
ASSETS
NON-CURRENT ASSETS
(Un-audited) (Audited) June 30, December 31,
2025 2024
(Rupee*: in thousand)
Property, plant and equipment | 1,847,821 | 1,838,546 | ||
Intangible assets | 392,966 | 451,160 | ||
Deferred tax asset | 241,141 | 79,051 | ||
Long-term loans | 2,171 | 2,355 | ||
Long-term deposits | 15,107 | 13,864 | ||
CURRENT ASSETS | 2,499,208" | 2,384,976 | ||
Inventories | 5,639,441 | 5,764,333 | ||
Trade receivables | 3,805,331 | 5,052,051 | ||
Loans and advances | 953,65? | 984,688 | ||
Trade deposits and short-term prepayments | 80,65* | 107,456 | ||
Interest accrued | 9£! | 344 | ||
Other receivables | 91,74'. | 49,327 | ||
Taxation - payments less provision | 274,73f. | |||
Refunds due from Government - sales tax net | 5,332,61? | 5,041,760 | ||
Cash and bank balances | 389,62.. | 976,090 | ||
16,567,88'? | 17,976,049 | |||
TOTAL ASSETS | 19,067,09i | 20,361,025 | ||
SHARE CAPITAL AND RESERVES | ||||
Share capital | 289,821 | 289,821 | ||
Unappropriated profit | 8,831,93!I | 8,907,092 | ||
9,121,76(I | 9,196,913 | |||
NON-CURRENT LIABILITIES | ||||
Deferred staff benefits - compensated absences | 132,53f› | 102,052 | ||
Lease liability | 22,441! | 31,476 | ||
Employee benefit obligations | 92,46'f | 58,763 | ||
247,44.! | 192,291 | |||
CURRENT LIABILITIES | ||||
Trade and other payables | 3,437,48'I | 5,352,948 | ||
Customers' advances | 48,84'l | 490,732 | ||
Taxation - provision less payments | 206,131 | |||
Unclaimed dividend | 58,75'I | 60,918 | ||
Unpaid dividend | 2,416,85tt | 2,416,858 | ||
Current portion of lease liability | 17,30: | 14,943 | ||
Short-term financing | 3,718,66'I | 2,429,291 | ||
9,697,89!i | 10,971,821 | |||
TOTAL LIABILITIES | 9,945,33'' | 11,164,112 | ||
CONTINGENCIES AND COMMITMENTS TOTAL EQUITY AND LIABILITIES
19,067,09' 20,361,025
CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY FOR THE HALF YEAR ENDED JUNE 30, 2025 (UNAUDITED)
Revenue reserves
Share General Unappropriated
capital reserve profit
(Rupees in thousaniJ)
Total
Balance as at January 1, 2025 Loss after tax for the half year ended | 289,821 | 8,907,092 | 9,196,913 | |||
June 30, 2025 | (75,153) | (75,153) | ||||
Other comprehensive income for the half year ended June 30, 2025 | ||||||
(75,153) | (75,153) | |||||
Balance as at June 30, 2025 | 289,821 | - | 8,831,939 | 9,121,760 | ||
Balance as at January 1, 2024 | 289,821 | 5,490,404 | 5,780,225 | |||
Profit after tax for the half year ended | ||||||
June 30, 2024 | 1,733,247 | 1,733,247 | ||||
Other comprehensive income for the half year ended June 30, 2024 | ||||||
1,733,247 | 1,733,247 | |||||
Balance as at June 30, 2024
289,821
7,223,651 7,513,472
CASH FLOWS FROM OPERATING ACTIVITIES
Cash (used in) / generated from operations Income tax and levy paid
Finance cost paid
Increase in long-term deposits
Increase / (decrease) in deferred staff
Six months period ended June 30, June 30,
2025 2024
(Rupees in thou•:and)
(892,366) 681,331
(580,887) (1,043,498)
(218,925) (55,443)
(1,243) (404)
benefits - compensated absences Employee benefit obligations paid Decrease / (increase) in long-term loans
Net cash outflow from operating activities
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to property, plant and equipment Additions to intangible assets
Proceeds from disposal of property, plant and equipment
Return on bank deposits received
Net cash outflow fFOm inVesting activities
CASH FLOWS FROM FINANCING ACTIVITIES
Dividend paid
Short term borrowings obtained Lease rentals paid
Net cash inflow from financing activities
Net decrease in cash and cash equivalents
Cash and cash equivalents at beginning of the period Cash and cash equivalents at end of the period
30,484
184
(1,662,753)
(184,139)
(44,227)
18,054
9,521
(200,791)
(2,167)
1,064,614
(10,126)
1,052,321
851,530
(811,223)
976,090
164.867
(4,947)
(64,054)
(2,236)
(489,251)
(227,633)
(247,203)
9,412
45,730
(419,694)
(2,702)
36,398
(9,211)
24,485
(395,209)
(884,460)
,723,449
838,989