GAL shifts into high gear
18-Feb-2026
MettisGlobal
February 18, 2026 (MLN): Ghandhara Automobiles Limited (PSX: GAL) has delivered an extraordinary financial performance for the half-year ended December 31, 2025, with net profits skyrocketing by 173% to reach Rs2.92 billion.
The result highlights a massive scale-up in operations and a significant strengthening of the company's bottom line compared to the Rs1.07 billion earned in the same period last year.
The company’s top-line revenue witnessed a staggering 175.6% increase, climbing to Rs21.19 billion from Rs7.69 billion.
While the cost of sales also rose significantly, GAL successfully expanded its Gross Profit by 203%, indicating improved manufacturing efficiencies and better pricing power.
One of the most notable aspects of the report is the 81.3% reduction in finance costs, which dropped from Rs143.5 million to just Rs26.8 million.
This drastic decline reflects the company's aggressive deleveraging strategy and a deliberate shift toward cash-based sales, which has significantly reduced the need for external short-term borrowing.
The company's bottom line was further bolstered by its 17.91% stake in Ghandhara Industries Limited (GHNI). The "Share of profit of an Associate" grew by 181%, contributing Rs578 million to the pre-tax profit.
Consequently, the Earnings Per Share (EPS) for the half-year reached Rs51.25, a massive jump from Rs18.77 in the corresponding period of 2024.
|
Statement of
profit for the six months ended December 31, 2025(Rs in 000’) |
|||
|
Description |
Dec 31, 2025 |
Dec 31, 2024 |
% Change (YoY) |
|
Revenue - net |
21,193,221 |
7,690,677 |
+175.57% |
|
Cost of sales |
(16,929,620) |
(6,284,571) |
+169.38% |
|
Gross Profit |
4,263,601 |
1,406,106 |
+203.22% |
|
Distribution cost |
(226,996) |
(111,450) |
+103.68% |
|
Administrative expenses |
(261,051) |
(189,010) |
+38.11% |
|
Other income |
311,638 |
219,137 |
+42.21% |
|
Other expenses |
(118,576) |
(34,667) |
+242.04% |
|
Profit from operations |
3,968,616 |
1,290,116 |
+207.62% |
|
Finance cost |
(26,784) |
(143,489) |
-81.33% |
|
Share of profit of an
Associate |
578,011 |
205,726 |
+180.96% |
|
Profit before taxation |
4,451,891 |
1,352,353 |
+229.20% |
|
Taxation |
(1,530,664) |
(282,229) |
+442.35% |
|
Profit for the period |
2,921,227 |
1,070,124 |
+172.98% |
|
Earnings per share (Rs.) |
51.25 |
18.77 |
+173.04% |
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