Al-Ghazi Tractors Income Statement

Financials in millions PKR. Fiscal year is January - December.

Millions PKR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	20,500	34,574	34,544	28,202	20,579	11,935
Revenue Growth (YoY)	-36.43%	0.09%	22.49%	37.04%	72.42%	-14.70%
Cost of Revenue	15,961	26,063	28,200	23,203	15,763	9,230
Gross Profit	4,539	8,511	6,343	4,999	4,816	2,706
Selling, General & Admin	2,484	2,248	1,503	855.89	471.37	542.94
Other Operating Expenses	422.9	422.9	356.46	-	312.31	147.68
Operating Expenses	3,037	2,671	1,860	855.89	783.68	690.62
Operating Income	1,502	5,840	4,483	4,143	4,032	2,015
Interest Expense	-424.35	-442.96	-123.83	-142.3	-7.64	-143.97
Interest & Investment Income	82.31	82.31	444.25	107.15	91.06	40.62
Currency Exchange Gain (Loss)	14.56	14.56	-230.02	-99.17	-	-
Other Non Operating Income (Expenses)	214.78	204.49	102.7	-214.8	51.13	15.58
EBT Excluding Unusual Items	1,389	5,698	4,677	3,794	4,167	1,927
Gain (Loss) on Sale of Assets	10.46	10.46	10.58	2.23	2.75	0.78
Pretax Income	1,399	5,709	4,687	3,796	4,170	1,928
Income Tax Expense	495.87	2,166	2,075	1,640	1,212	578.25
Net Income	903.58	3,542	2,612	2,156	2,958	1,350
Net Income to Common	903.58	3,542	2,612	2,156	2,958	1,350
Net Income Growth	-71.74%	35.63%	21.14%	-27.11%	119.16%	38.05%
Shares Outstanding (Basic)	58	58	58	58	58	58
Shares Outstanding (Diluted)	58	58	58	58	58	58
EPS (Basic)	15.59	61.11	45.06	37.20	51.03	23.28
EPS (Diluted)	15.59	61.11	45.06	37.20	51.03	23.28
EPS Growth	-71.74%	35.63%	21.14%	-27.11%	119.16%	38.05%
Free Cash Flow	954.32	-1,020	2,583	-4,543	4,504	2,030
Free Cash Flow Per Share	16.46	-17.59	44.56	-78.38	77.70	35.03
Dividend Per Share	-	-	-	-	51.030	21.390
Dividend Growth	-	-	-	-	138.57%	42.60%
Gross Margin	22.14%	24.62%	18.36%	17.72%	23.40%	22.67%
Operating Margin	7.32%	16.89%	12.98%	14.69%	19.60%	16.88%
Profit Margin	4.41%	10.24%	7.56%	7.65%	14.37%	11.31%
Free Cash Flow Margin	4.66%	-2.95%	7.48%	-16.11%	21.88%	17.01%
EBITDA	1,928	6,084	4,656	4,260	4,117	2,096
EBITDA Margin	9.41%	17.60%	13.48%	15.10%	20.01%	17.57%
D&A For EBITDA	426.67	243.9	173.03	116.96	84.85	81.51
EBIT	1,502	5,840	4,483	4,143	4,032	2,015
EBIT Margin	7.32%	16.89%	12.98%	14.69%	19.60%	16.88%
Effective Tax Rate	35.43%	37.95%	44.28%	43.20%	29.06%	29.99%
Advertising Expenses	-	183.45	88.74	62.6	5.21	9.53

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.