Karachi: Agritech Ltd (AGL) shared its financial results for CY25 during an analyst briefing, revealing a notable turnaround in profitability and an increase in market share.
According to AKD Securities Limited, AGL reported a profit of PkR2.9 billion, translating to an earnings per share (EPS) of PkR5.4. This is a significant improvement from the previous year's loss of PkR1.1 billion, or a loss per share (LPS) of PkR2.7. The company attributed this turnaround to a one-off gain of PkR4.1 billion from the conversion of preference shares and the reversal of written-down liabilities, which helped offset rising freight and distribution costs.
In terms of sales, AGL recorded PkR35.9 billion in CY25, marking a 15% increase from PkR31.3 billion in the same period last year. The growth was driven by higher offtakes in urea and phosphate. Urea offtakes alone rose by 20% to 390,000 tons, against an industry growth of just 2%. Consequently, AGL's market share increased to 6% from the previous year's 5%.
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