KARACHI: Millat Tractors Limited (PSX: MTL) reported a net profit after tax of Rs6.32 billion for the year ended June 30, 2025, down 40.55% from Rs10.64 billion in FY24.
The decline came amid a sharp 43.85% drop in revenue from contracts with customers to Rs53.35 billion, compared to Rs95.02 billion in the previous fiscal year. This contraction translated into a gross profit of Rs14.41 billion, down 39.90% from Rs23.97 billion in FY24.
Despite reductions in distribution, marketing, and other operating expenses, Millat Tractors’ operating profit fell 46.77% to Rs10.32 billion. Finance costs surged 60.05% to Rs2.21 billion, further weighing on the bottom line.
Earnings per share (EPS) stood at Rs31.70, down 41.70% from Rs54.37 in FY24. The company’s financial results reflect a challenging year for the tractor manufacturer, marked by lower sales and increased financing pressures.
