Millat Tractors Limited reported a 23 percent year-on-year increase in profit after tax for fiscal year 2025-26, reaching Rs. 7.84 billion compared with Rs. 6.37 billion in the previous year.
The company announced a final dividend of Rs. 21 per share, bringing its total dividend for FY26 to Rs. 21 per share.
Millat Tractors’ net revenue increased 22 percent to Rs. 63.76 billion during FY26, up from Rs. 52.11 billion in FY25. According to Arif Habib Limited (AHL), the growth was supported by higher sales volumes, with the company selling 18,874 units during the year, representing a 1.6 percent year-on-year increase.
Gross profit rose 47 percent to Rs. 20.36 billion, while the gross profit margin improved to 31.9 percent from 26.6 percent a year earlier. AHL attributed the improvement to cost efficiencies and a favorable product mix.
Finance costs declined 33 percent to Rs. 1.46 billion from Rs. 2.17 billion. Meanwhile, other income decreased 6 percent to Rs. 599 million, mainly due to lower savings rates, although this was partly offset by higher cash and bank balances.
Earnings per share increased to Rs. 19.65 in FY26 from Rs. 15.97 in FY25. However, the company’s effective tax rate rose significantly to 45.7 percent from 21 percent in the previous year.
During the fourth quarter, Millat Tractors recorded revenue of Rs. 18.19 billion, marking a 50 percent year-on-year increase.
