AGTL Delivers Strong Turnaround as Revenue and Profitability Surge

Al-Ghazi Tractors Limited (AGTL) reported a significant turnaround in financial performance for the nine months ended September 30, 2026. Tractor sales increased by 60% year-on-year, while operating revenue surged by approximately 79%. The company reported a net profit of Rs. 1.658 billion, marking a stark contrast to a net loss of Rs.

270 million in the same period last year. This improvement was attributed to a substantial rise in production, with AGTL manufacturing 6,967 tractors during the period, up 39% from 5,005 units in the previous year. Sales grew even more robustly, reaching 6,587 tractors, a 60% increase from 4,126 units in the comparable period. Operating revenue grew to Rs.

17.511 billion for the nine-month period, up from Rs. 9.761 billion a year earlier, representing a 79% increase. The gross profit saw an impressive rise of about 159% to Rs. 4.477 billion, compared to Rs. 1.729 billion in the corresponding period of 2025. The net profit represented a Rs. 1.928 billion positive shift from the previous year's loss.

AGTL's Chief Executive Officer, Yasin Seker, emphasized the company's continued focus on serving customers effectively, enhancing operational efficiency, and building a sustainable business.