Al-Ghazi Tractors Limited (AGTL) held its analyst briefing recently, during which the company discussed its CY25 results and future outlook.

The following are the key takeaways:

·        Company posted NPAT of PkR1.3bn (EPS: PkR22.4) in CY25, down 63% from SPLY. The decline was driven by a drop in tractor sales due to weak farmers’ incomes, reduced liquidity after the end of wheat procurement support, and adverse weather conditions that impacted agricultural output and demand last year.

·        Notably, industry demand contracted by 38%YoY in CY25 due to aforementioned reasons. Meanwhile, AGTL’s sales declined by 46%YoY to 7,739 units in CY25 from 14,269 units in SPLY.

·        Al-Ghazi’s current market share is ~40%, while the remaining share is largely held by Millat Tractors, which has been selling a higher proportion of high-horsepower tractors.

Full Report
https://research.akdsl.com/639131705553117585.pdf

Courtesy – AKD Research