Millat Tractors Limited recorded a profit after tax of Rs. 7.84 billion in Fiscal Year 2026 (FY26), up 23 percent from Rs. 6.37 billion in the previous year, according to a result review by Arif Habib Limited.

The company announced a final cash dividend of Rs. 21 per share, bringing the total dividend for FY26 to Rs. 21 per share.

Millat Tractors’ net revenue rose 22 percent year-on-year to Rs. 63.76 billion from Rs. 52.11 billion in FY25.

The increase was supported by higher sales, with the company selling 18,874 tractors during the year, representing a 1.6 percent increase from the previous year.

Gross profit increased 47 percent to Rs. 20.36 billion, while the gross margin expanded to 31.9 percent from 26.6 percent.

Arif Habib Limited attributed the stronger margin to improved cost efficiencies and a more favorable product mix.

Finance costs declined 33 percent to Rs. 1.46 billion from Rs. 2.17 billion. Other income, however, fell 6 percent to Rs. 599 million, mainly due to lower savings rates, partly offset by higher cash and bank balances.

Earnings per share increased to Rs. 19.65 from Rs. 15.97 in FY25.

The company’s effective tax rate rose sharply to 45.7 percent in FY26 from 21 percent a year earlier.

In the fourth quarter, Millat Tractors’ revenue increased 50 percent year-on-year to Rs. 18.19 billion.