AGTL
October 24, 2025
AL-GHAIi TRACTORS LTg'
PRODUCERS OF NEW HOLLAND TRACTORS IN PAKISTAL'
THE DinEcTon
Corporate Supervision Department Company Law Division
Securities arrd Exchange Comnussion of Pakistan NIC Building, Jitanah Avenue, £''lue Area Islamabad
THE GENERAL MANAGER
Listing Department
Pakistan Stock Exchange Liirtited Stock Exchange Building
Stock Exchange Road Karachi
Subject: Financial Results for the Third Quarter Ended September 30, 2025 Dear Sir(s),
We would like to in forna you that the Board of Directors of Al-Ghazi Tractors Limited (the
Company), in their meeting held on October 24, 2025, at 05:00 pm, through MS Tear is, approved the third quarterly financial statements of the Company for the period ended on Si'ptember 30, 2025, and recommended the following:
Cash Dividend
An interim cash dividend for the third quarter ended on September 30, 2025 H Rs. GAIL per share
i.e. NIL %é has been approved for recommendation to the shareholders. This is in ac dition to the interim dividend alread}' paida I Rs. NIL per share i.e. NIL %.
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'oi+us Shares already issued O NIL%.
Right Shares
The Board laas recommended to issue NIL ii Right Shares at par/ata discount/ premium of Rs. NIL per share in propc rtion of NIL share(s) for every NIL share(s). The entitlement o right shares being declared simultaneously will be/ will not be applicable on Bonus Shares as declared above.
Any other entitlemerit/ corporate action Nil
Any other price-sensitive information
Nil
AL FUTTAltJ AGIt
LAnORE: Corporate Office - 9th Floor, Askari Corpoiatc Top er, 75/76 D-1, Main Boulevard. Gulberg liI, Lahore, Pakistan Tel. (92-04s) 36400484-99 KARACNI: Rogis tered Office - Tractor House. Plot No for -6. J6th East Slreet, Phase 1, D.H.A., Off Korangi Road, Karachi 75500, Pakis tan. Tel (92-0211 DERA GHAZT KHAN: Factory - P. O. Box No 38, Sakhi Sanvar Road. Dan Ghazi Khan. Tel: (92-ups) 24637*0, 2463812. 2020750-'21, Far. (9P-064) 2462 LAHOPE • Marketing OfTice 1 0 km Sheikhupura Road. Lahore Tei: (92-042) 37306d21 28
Web Site : w'ww.aIghazilractors.com
The financial results of the Company are attached covering the follo ing:
Statement of Profit or Loss;
Statement of financial Position;
Statement of Changes in Equity; and
Statement of Cash flows.
The Financial Statements (Quarterly 'eporI) of tire Company shall be transmilied through PUCARS within the stipulated timeframe.
Yours truly,
For AL-GHAZI TRACTORS LI MITED
AGTL
CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS
FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2025 (UNAUDITEI3)
Quarter ended Nine months ended September 30, September 30, September 30, September 30,
2025 | 2024 | 2IJ25 | 2024 | ||||||||
---- -- | ---- (Ru pees in thousand) --------------------- | ||||||||||
Revenue from contracts with customers | 2,034,063 | 6,295,040 | 9,7'60,751 | 23,835,560 | |||||||
Cost of sales | (1,657,548) (4,533,759) | 8 32,243) (18,134,702) | |||||||||
Gross profit | 376,515 | 1,761,281 | 1,/'28,508 | 5,700,858 | |||||||
Distribution expenses | (121,291) | (184,664) | (..90,835) | (382, 148) | |||||||
Administrative expenses | (431,301) | (427, 693) | (1,..89,776) | (1,162,521) | |||||||
Charge for expected credit loss | (129,860) | ||||||||||
Operating (loss) / profit | (176,077) | 1,148,924 | (181,963) | 4,156,189 | |||||||
Other income | 35,007 | 46,970 | 1 14,735 | 271,370 | |||||||
Other expenses | (72,908) | (21,396) | ‹90,494) | (257,417) | |||||||
Finance costs | (85,121) | (107,833) | (T.47,636) | (266,249) | |||||||
(Loss) / profit before income tax and levy | (299,099) | 1, 066,665 | [^ 05,358) | 3,903,893 | |||||||
Levy - final tax | (2,226) | ||||||||||
(Loss) / profit before income tax | (299,099) | 1,066,665 | (^ 05,358) | 3,901,667 | |||||||
Taxation | 73,512 | (433,216) | 135,581 | (1,532,745) | |||||||
(Loss) / profit after taxation | (225,587) 633,449 | (x!69,777) | 2,368,922 | ||||||||
Basic and diluted (loss) / | |||||||||||
earnings per share - Rupees | _ _ (3.89) " 10.93 | (4.65) | 40.87 | _ | |||||||
AGTL | |||||||||||
CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION AS AT SEPTEMIJER 30, 2025
ASSETS
NON-CURRENT ASSETS(Un-audited) (Audited) September 30, December 31,
2025 2024
(Rupees iri thousand)
Property, plant and equipment | 2,194,059 | 1,838,546 | ||||
Intangible assets | 344,547 | 451,160 | ||||
Deferred tax asset | 338,232 | 79,051 | ||||
Long-term loans | 2,171 | 2,355 | ||||
Long-term deposits | 15,107 | 13,864 | ||||
2,894,116 | 2,384,976 | |||||
CURRENT ASSETS | ||||||
Inventories | 6,870,104 | 5,764,333 | ||||
Trade receivables | 2,259,514 | 5, 052,051 | ||||
Loans and advances | 1,105,580 | 984.688 | ||||
Trade deposits and short-term prepayments | 204,885 | 107,456 | ||||
Interest accrued | 344 | |||||
Other receivables | 76,224 | 49,327 | ||||
Taxation - payments less provision | 341,599 | |||||
Refunds due from Government - sales tax net | 5,489,716 | 5, 041, 760 | ||||
Cash and bank balances | 198,090 | 976, 090 | ||||
16,545,712 | 17,976,049 | |||||
TOTAL ASSETS | 19,439,828 | 20,361,025 | ||||
SHARE CAPITAL AND RESERVES | ||||||
Share capital | 289,821 | 289,821 | ||||
Unappropriated profit | 8,637,315 | 8,907,092 | ||||
8,927,136 | 9,196,913 | |||||
NON-CURRENT LIABILITIES | ||||||
Deferred staff benefits - compensated absences | 160,145 | 1 02, 052 | ||||
Lease liability | 22,442 | 31,476 | ||||
Employee benefit obligations | 101,609 | 58,763 | ||||
284,196 | 192,291 | |||||
CURRENT LIABILITIES | ||||||
Trade and other payables | 4,253,539 | 5,352,948 | ||||
Customers' advances | 52,071 | 490,732 | ||||
Taxation - provision less payments | 206,131 | |||||
Unclaimed dividend | 58,752 | 60,918 | ||||
Unpaid dividend | 2,416,858 | 2,416,858 | ||||
Current portion of lease liability | 17,303 | 14,943 | ||||
Short-term financing | 3,429,973 | 2,429,291 | ||||
10,228,496 | 10,971,821 | |||||
TOTAL LIABILITIES | 10,512,692 | 11,164,112 | ||||
COHTINGENCIES AND COMMITMENTS TOTAL EQUITY AND LIABILITIES
9,439,828
20,361, 025
CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY
FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2025 (UNAUDITED)
Revenue resen es
Share General Unapyiropriated
capital reserve ›rofit
(Rupees in thousand)
Total
Balance as at January 1, 2025
Loss after tax for the nine months ended September 30, 2025
Other comprehensive income for 2025
289,821
8,907,092 9,196,913
{269,777) | (269,777) |
1269,777) | (269,777) | |||||
Balance as at September 30, 2025 | 289,821 | - | 8, 637,315 | 8,927,136 | ||
Balance as at January 1, 2024 Profit af1er tax for the half year ended | 289,821 | 5 490,404 | 5,780,225 | |||
September 30, 2024
Other comprehensive income for
the nine months ended September 30, 2024
Balance as at September 30, 2024
289,821
2 368,922 | 2,368,922 |
2 368,922 2,368,922
7,859,326" 8,149,147
CONDENSED INTERIM STATEMENT OF CASH FLOWS
FOR THE THIRD QUARTER ENDED SEPTEMBER 30. 2025 (UNAUDITED)
Nine months perio‹i ended September 30, September 30,
2025 2024
(Rupees in thou•iand)
CASH FLOWS FROM OPERATING ACTIVITIES
Cash (used in) / generated from operations | (212,857) | (1,796,079) | |||||
Income tax and levy paid | (671,330) | (1,383,238) | |||||
Finance cost paid | (319,432) | (157,565) | |||||
Increase in long-term deposits | (1,243) | (404) | |||||
Increase / (decrease) in deferred staff benefits - compensated absences | 58,093 | (2,397) | |||||
Employee benefit obligations paid | (38,215) | ||||||
Decrease / (increase) in long-term loans | 184 | (236) | |||||
Net cash outflow from operating activities | (1,146,585) | (£ ,378,134) | |||||
CASH FLOWS FROM INVESTING ACTIVITIES | |||||||
Additions to property, plant and equipment | (608,962) | (351,547) | |||||
Additions to intangible assets | (44,227) | (668,326) | |||||
Proceeds from disposal of property, plant and equipment | 19,689 | 9,929 | |||||
Return on bank deposits received | 13,695 | 68,593 | |||||
Net cash outflow from investing activities | (619,805) | (941,351) | |||||
CASH FLOWS FROM FINANCING ACTIVITIES | |||||||
Dividend paid | (2,166) | (3,450) | |||||
Short term borrowings obtained | 1,000,682 | S ,976,143 | |||||
Lease rentals paid | (10,126) | (3,119) | |||||
Net cash inflow from financing activities | 988,390 | 2 ,969,574 | |||||
368,585 | 2 ,028,223 | ||||||
Net decrease in cash and cash equivalents | (778,000) | (1,349,911) | |||||
Cash and cash equivalents at beginning of the period | 976,090 | 1,723,449 | |||||
Cash and cash equivalents at end of the period | 198,090 | 373,538 |