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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