Millat Tractors Delivers Strong Financial Performance in FY2026

Millat Tractors Limited has reported a notable improvement in its financial performance for the year ended June 30, 2026, with higher revenue, profitability and operating cash generation compared with the previous year.

According to the company’s consolidated financial statements, revenue from contracts with customers increased to Rs64.24 billion in FY2026 from Rs53.35 billion in FY2025. Gross profit also rose substantially to Rs21.14 billion, compared with Rs14.41 billion a year earlier.

Profitability Shows Significant Improvement

Millat Tractors recorded an operating profit of Rs16.16 billion during FY2026, compared with Rs10.32 billion in FY2025. Profit before income tax and final taxes stood at Rs14.68 billion, up from Rs8.10 billion in the previous year.

After taxation, profit for the year reached Rs8.07 billion, compared with Rs6.32 billion in FY2025. The improvement translated into higher earnings attributable to shareholders, with profit attributable to owners of the holding company reaching Rs7.95 billion.

The company’s earnings per share (EPS) also improved considerably, reaching Rs20.23 in FY2026 against a restated Rs15.85 in FY2025.

Stronger Cash Generation

The company also posted a significant improvement in cash generation from its operations. Consolidated cash generated from operations increased to Rs19.48 billion from Rs10.48 billion in FY2025.

After finance costs, taxes and other operating cash outflows, net cash generated from operating activities stood at approximately Rs11.50 billion, compared with Rs3.39 billion a year earlier.

The stronger operating cash flow provided the company with greater flexibility to meet financial obligations, fund capital expenditure and distribute cash to shareholders.

Investment and Financing Activities

During FY2026, Millat Tractors spent approximately Rs1.15 billion on capital expenditure, compared with Rs460.35 million in the previous year. The company also generated cash from the disposal of property, plant and equipment and received dividends from investments.

On the financing side, the company recorded Rs1.5 billion in long-term financing received during the year, along with a Rs1 billion money-market loan. At the same time, substantial dividend payments were made to shareholders.

Equity Position Strengthens

Millat Tractors’ consolidated total equity increased to Rs10.68 billion as of June 30, 2026, compared with Rs9.28 billion at the end of FY2025. The company’s total assets stood at approximately Rs34.14 billion, compared with Rs34.88 billion a year earlier.

The statement of changes in equity also shows that the company distributed substantial dividends during the year, while retaining part of its earnings within the business.

Unconsolidated Results Also Improve

Millat Tractors’ unconsolidated financial statements tell a similar story. Revenue increased to Rs63.76 billion from Rs52.11 billion, while profit after tax rose to Rs7.84 billion from Rs6.37 billion.

Unconsolidated EPS improved to Rs19.65, compared with Rs15.97 in FY2025. The company’s unconsolidated operating profit also increased to Rs15.89 billion from Rs10.24 billion.

Outlook

The FY2026 financial statements show a year of stronger revenue generation, improved margins, higher profitability and substantially better operating cash flows for Millat Tractors.

The increase in EPS and operating cash generation is particularly notable, while the company continued to make significant distributions to shareholders and invest in its assets. The financial position and future performance will continue to depend on factors affecting tractor demand, production, costs, financing conditions and the broader agricultural and economic environment.

Overall, Millat Tractors entered the new financial year with stronger reported earnings and cash generation than it had recorded a year earlier.