MTL - FoxLogica

announcements, MTL, Signal: HOLD

⏸️ MTL: HOLD Signal (5/10) – Change of Company Secretary

⚡ Flash Summary

MTL announced: Change of Company Secretary. Basic analysis suggests neutral sentiment. Professional review recommended.

Signal: HOLD ⏸️

Strength: 5/10

Sentiment: NEUTRAL

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

MTL made announcement: Change of Company Secretary
Automated analysis: HOLD signal detected
Signal strength: 5/10
This is basic analysis – manual review recommended
Professional CFA analysis unavailable

🎯 Investment Thesis

Basic HOLD indication for MTL. Manual verification required.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: December 2, 2025

announcements MTL Signal: HOLD

⏸️ MTL: HOLD Signal (5/10) – Disclosure of Interest by a Director CEO, or Executive of a listed company and their Spouses and the Substantial Shareholders u/c 5.6.1.(d) of PSX Regulations

⚡ Flash Summary

MTL announced: Disclosure of Interest by a Director CEO, or Executive of a listed company and their Spouses and the Substantial Shareholders u/c 5.6.1.(d) of PSX Reg. Basic analysis suggests neutral sentiment. Professional review recommended.

Signal: HOLD ⏸️

Strength: 5/10

Sentiment: NEUTRAL

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

MTL made announcement: Disclosure of Interest by a Director CEO, or Executive of a listed company and their Spouses and the Substantial Shareholders u/c 5.6.1.(d) of PSX Regulations
Automated analysis: HOLD signal detected
Signal strength: 5/10
This is basic analysis – manual review recommended
Professional CFA analysis unavailable

🎯 Investment Thesis

Basic HOLD indication for MTL. Manual verification required.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 27, 2025

announcements MTL Signal: HOLD

⏸️ MTL: HOLD Signal (5/10) – Disclosure of Interest by a Director CEO, or Executive of a listed company and their Spouses and the Substantial Shareholders u/c 5.6.1.(d) of PSX Regulations

⚡ Flash Summary

Signal: HOLD ⏸️

Strength: 5/10

Sentiment: NEUTRAL

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

MTL made announcement: Disclosure of Interest by a Director CEO, or Executive of a listed company and their Spouses and the Substantial Shareholders u/c 5.6.1.(d) of PSX Regulations
Automated analysis: HOLD signal detected
Signal strength: 5/10
This is basic analysis – manual review recommended
Professional CFA analysis unavailable

🎯 Investment Thesis

Basic HOLD indication for MTL. Manual verification required.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 26, 2025

announcements MTL Signal: HOLD

⏸️ MTL: HOLD Signal (6/10) – Presentation of Corporate Briefing Session-2025

⚡ Flash Summary

Millat Tractors Limited (MTL) reported results for the financial year ended June 30, 2025. The tractor industry experienced a 36% decrease in overall sales, and MTL’s sales decreased by 39% in terms of units sold. MTL achieved a market share of 64% despite the industry downturn. The decrease is attributed to government policies and the Green Tractor Scheme, which incentivized farmers to postpone purchases in anticipation of future benefits. The company is focusing on exploring foreign markets to offset stagnating domestic demand.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 Overall tractor industry sales decreased by 36%, from 45,494 to 29,192 units.
🚜 MTL’s tractor sales declined by 39%, achieving 18,580 units.
📊 MTL maintained a 64% market share in the tractor industry.
📉 Revenues decreased by 43% to Rs. 52,109 million.
📉 Gross profit decreased by 35% to Rs. 13,867 million.
📉 Profit before tax decreased by 52% to Rs. 8,064 million.
📉 Profit after tax decreased by 38% to Rs. 6,373 million.
📉 Basic and diluted EPS decreased by 39% to Rs. 31.94.
⬆️ Finance costs increased by 82% to Rs. 2,173 million.
📉 Export volume decreased to 2,607 units from 2,761 units last year.
💰 Sales tax refund claims stand at Rs. 7.59 billion as of June 30, 2025.
🌱 MTL is exploring foreign markets to grow exports due to stagnating domestic demand.
🌍 TIPEG Intertrade DMCC made sales of AED 19 million during the year.
🏢 Dividend received by MTL from MIPL was Rs. 46 million.
🌱 MTL is actively pursuing sustainable measures to reduce environmental impact.

🎯 Investment Thesis

Given the significant decline in financial performance, the current economic challenges, and the risks associated with operations and regulations, a HOLD recommendation is appropriate. It is essential to observe MTL’s ability to navigate these challenges and adapt to the changing market conditions. A potential BUY opportunity may arise if MTL can stabilize its sales, improve profitability, and reduce costs.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 21, 2025

announcements MTL Signal: HOLD

⏸️ MTL: HOLD Signal (5/10) – Recording of CBS-2025

⚡ Flash Summary

MTL announced: Recording of CBS-2025. Basic analysis suggests neutral sentiment. Professional review recommended.

Signal: HOLD ⏸️

Strength: 5/10

Sentiment: NEUTRAL

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

MTL made announcement: Recording of CBS-2025
Automated analysis: HOLD signal detected
Signal strength: 5/10
This is basic analysis – manual review recommended
Professional CFA analysis unavailable

🎯 Investment Thesis

Basic HOLD indication for MTL. Manual verification required.

View Original PDF

Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 21, 2025

announcements MTL Signal: HOLD

⏸️ MTL: HOLD Signal (5/10) – CORPORATE BRIEFING SESSION-2025

⚡ Flash Summary

Millat Tractors Limited (MTL) will hold a mandatory corporate briefing session (CBS) to discuss the financial results for the year ended June 30, 2025. The CBS is scheduled for Tuesday, November 18, 2025, at 09:30 AM and will take place in the Ballroom of Hotel Four Points by Sheraton in Lahore. A Zoom video link has been provided for those who wish to attend virtually, along with a meeting ID and passcode. Interested parties can send questions and feedback via email to mudassar.siddique@millat.com.pk.

Signal: HOLD ⏸️

Strength: 5/10

Sentiment: NEUTRAL

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

🗓️ Corporate Briefing Session (CBS) on financial results for the year ended June 30, 2025.
📅 Date: Tuesday, November 18, 2025.
⏰ Time: 09:30 AM.
📍 Location: Ballroom of Hotel Four Points by Sheraton, 25 Egerton Road, Lahore.
💻 Virtual attendance via Zoom: https://us02web.zoom.us/j/82880237405?pwd=EJubcrMX9RgPlzMKvxcMavPdPWq1sK.1
🔑 Meeting ID: 828 8023 7405.
🔒 Passcode: 943264.
📧 Email for questions: mudassar.siddique@millat.com.pk.
💬 Feedback and comments: mudassar.siddique@millat.com.pk.
👤 Contact person for queries: Mr. Mudassar Siddique, General Manager Finance.
📞 Contact number: 03008428236.
📝 Feedback on recording: mudassar.siddique@millat.com.pk.
ℹ️ Information shared with TRE Certificate Holders of the Exchange.

🎯 Investment Thesis

Given the lack of concrete financial information in this announcement, a HOLD recommendation is maintained. Investors should attend/monitor the CBS on November 18, 2025, to gain further insights into the financial performance of Millat Tractors Limited. A revised investment thesis will be formulated after the financial results are disclosed and thoroughly analyzed. No price target can be defined until the financial results have been assessed.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 14, 2025

announcements MTL Signal: HOLD

⏸️ MTL: HOLD Signal (6/10) – CERTIFIED COPY OF RESOLUTIONS PASSED IN 62ND AGM

⚡ Flash Summary

Millat Tractors Limited (MTL) held its 62nd Annual General Meeting on October 24, 2025, where resolutions were passed including the approval of financial statements for the year ended June 30, 2025. A final cash dividend of Rs. 15.00 per share (150%) was approved, in addition to an interim dividend of Rs. 45.00 per share (450%) already paid, resulting in a total dividend of Rs. 60.00 per share (600%). A.F. Ferguson, Chartered Accountants, Lahore were appointed as auditors for the year ending June 30, 2026. Transactions with subsidiary/associated companies were ratified and the Chief Executive was authorized to approve future transactions with these entities.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

✅ AGM: 62nd Annual General Meeting held on October 24, 2025.
💰 Dividend: Final cash dividend of Rs. 15.00 per share (150%) approved.
💸 Total Dividend: Cumulative dividend of Rs. 60.00 per share (600%).
🧾 Financials: Audited financial statements for the year ended June 30, 2025, adopted.
👨‍💼 Auditor Appointment: A.F. Ferguson appointed as auditors for the year ending June 30, 2026.
🏢 Audit Fee: Audit fee set at Rs. 5,280,000 for the year ending June 30, 2026.
📊 Review Fee: Half-year review report fee at Rs. 1,210,000.
📜 Other Fees: Special reports and trademark verification fees at Rs. 330,000 each.
🤝 Related Party Transactions: Transactions with subsidiaries/associated companies ratified.
✔️ Approval Authority: CEO authorized to approve transactions with subsidiaries.
📦 Component Purchases: Purchases from TIPEG Intertrade DMCC: Rs. 411,202,941.
🏭 Component Purchases: Purchases from Millat Industrial Products Limited: Rs. 358,516,691.
🔩 Component Purchases: Purchases from Bolan Castings Limited: Rs. 1,717,825,523.
🏢 Registered Office: Meeting held at 9 K.M Sheikhupura Road, Shahdara, Lahore.

🎯 Investment Thesis

Based on the information provided, a HOLD recommendation is appropriate. The company has demonstrated strong financial performance by approving a substantial dividend. Further analysis of the company’s financial statements is necessary to determine whether to upgrade to a BUY or downgrade to a SELL. A price target cannot be determined without further financial information. Time horizon: Medium Term.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements MTL Signal: HOLD

⏸️ MTL: HOLD Signal (5/10) – Financial Results for the Quarter Ended September 30, 2025

⚡ Flash Summary

Millat Tractors Limited (MTL) reported a decrease in revenue for the quarter ended September 30, 2025, with consolidated revenue from contracts with customers decreasing to PKR 7,784.33 million compared to PKR 8,792.17 million in the same quarter last year. Profit after tax also declined from PKR 459.81 million to PKR 613.46 million. Basic and diluted earnings per share (EPS) decreased from PKR 2.30 to PKR 3.07. The company’s performance was impacted by increased finance costs which could be the result of higher interest rates.

Signal: HOLD ⏸️

Strength: 5/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 Revenue from contracts with customers decreased by 11.46% YoY to PKR 7,784.33 million from PKR 8,792.17 million.
💰 Gross profit decreased to PKR 2,191.92 million compared to PKR 2,390.69 million in the same quarter last year.
⚠️ Distribution and marketing expenses decreased to PKR 363.97 million from PKR 390.26 million.
🏢 Administrative expenses increased to PKR 481.12 million compared to PKR 471.18 million YoY.
📉 Other operating expenses decreased to PKR 74.20 million from PKR 75.65 million YoY.
📈 Other income decreased to PKR 84.26 million from PKR 108.72 million YoY.
💸 Finance costs increased from PKR 476.85 million to PKR 641.81 million.
⚠️ Profit before income taxes and levies decreased to PKR 880.04 million from PKR 920.51 million.
📉 Profit after tax decreased to PKR 613.46 million compared to PKR 459.81 million.
💲 Basic and diluted earnings per share increased to PKR 3.07 compared to PKR 2.30 in the same quarter last year.
📉 Total comprehensive income for the period decreased to PKR 606.50 million from PKR 421.00 million.
⚠️ Non-current assets increased to PKR 8,068.28 million compared to PKR 8,231.63 million in June 30, 2025.
⚠️ Current assets increased to PKR 30,636.54 million compared to PKR 26,649.65 million in June 30, 2025.
⚠️ Current liabilities increased to PKR 27,328.51 million compared to PKR 23,982.54 million in June 30, 2025.

🎯 Investment Thesis

Based on the decreased revenue, increased finance costs, and decreased profit after tax, a HOLD recommendation is appropriate. While the company maintains a strong market position, current financial indicators suggest caution. A price target and time horizon cannot be reliably determined without further analysis and market data.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements MTL Signal: SELL

📉 MTL: SELL Signal (7/10) – Financial Results for the Quarter Ended September 30, 2025 REVOKED

⚡ Flash Summary

Millat Tractors Limited’s (MTL) unconsolidated financial results for the quarter ended September 30, 2025, reveal a concerning trend. The company experienced a decline in revenue compared to the same period last year, alongside a decrease in profitability. This contraction is evident in both the standalone and consolidated figures, signaling potential headwinds for the tractor manufacturer. Further investigation into the drivers of decreased sales and increased costs is warranted to assess the long-term impact.

Signal: SELL 📉

Strength: 7/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 Revenue decreased to PKR 7.546 billion (unconsolidated) from PKR 7.996 billion in Q3 2024.
📉 Consolidated revenue declined to PKR 7.784 billion from PKR 8.792 billion year over year.
📉 Gross profit unconsolidated decreased to PKR 2.053 billion from PKR 2.326 billion.
📉 Gross profit consolidated decreased to PKR 2.191 billion from PKR 2.390 billion year over year.
⚠️ Finance costs unconsolidated decreased slightly to PKR 471.386 million from PKR 628.058 million.
⚠️ Finance costs consolidated decreased slightly to PKR 476.847 million from PKR 641.812 million.
📉 Profit after tax unconsolidated decreased to PKR 513.589 million from PKR 622.329 million in Q3 2024.
📉 Consolidated profit after tax decreased to PKR 613.455 million from PKR 459.805 million.
📉 Unconsolidated EPS decreased to PKR 2.57 from a restated PKR 3.12.
📉 Consolidated EPS decreased to PKR 3.07 from PKR 2.30 in Q3 2024.
💰 Unconsolidated cash and bank balances increased to PKR 1.368 billion from PKR 1.565 billion
💰 Consolidated cash and bank balances decreased to PKR 1.603 billion from PKR 1.826 billion
⚠️ Unconsolidated trade debts decreased to PKR 244.818 million from PKR 134.216 million
⚠️ Consolidated trade debts decreased to PKR 920.583 million from PKR 152.553 million
⚖️ Total equity unconsolidated increased to PKR 9.884 billion from PKR 9.278 billion.
⚠️ Total equity consolidated increased to PKR 8.621 billion from PKR 8.076 billion.

🎯 Investment Thesis

Based on the Q3 2025 financial results and trends, a SELL recommendation is warranted for Millat Tractors. The company’s declining revenue, squeezed profit margins, negative cash flow from operations, and increasing trade debts raise serious concerns. The price target rationale is described below. The investment horizon is medium-term (6-12 months).

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements MTL Signal: SELL

📉 MTL: SELL Signal (7/10) – Financial Results for the Quarter Ended September 30, 2025

⚡ Flash Summary

Millat Tractors Limited (MTL) reported a decrease in revenue for the quarter ended September 30, 2025, with consolidated revenue dropping to PKR 7.78 billion from PKR 8.79 billion in the same period last year. This decrease in revenue led to a decline in gross profit, which fell from PKR 2.39 billion to PKR 2.19 billion. Consequently, the profit after tax decreased from PKR 459.8 million to PKR 613.5 million. Earnings per share (EPS) also declined from PKR 2.30 to PKR 3.07.

Signal: SELL 📉

Strength: 7/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 Revenue decreased by 11.46% from PKR 8.79 billion in 2024 to PKR 7.78 billion in 2025.
📉 Gross profit declined by 8.39% from PKR 2.39 billion to PKR 2.19 billion.
📉 Profit after tax decreased by 25.37% from PKR 459.8 million to PKR 613.5 million.
📉 Earnings per share (EPS) decreased from PKR 2.30 to PKR 3.07.
⚠️ Finance costs decreased from PKR 641.8 million to PKR 476.8 million, positively impacting profitability.
🏢 Administrative expenses increased slightly from PKR 471.18 million to PKR 481.12 million.
💼 Other income decreased from PKR 108.7 million to PKR 84.3 million.
📊 Total comprehensive income decreased from PKR 421.0 million to PKR 606.5 million.
💰 Cash and cash equivalents decreased from PKR (11.09) billion to PKR (15.74) billion.
🚜 Property, plant, and equipment increased from PKR 2.09 billion to PKR 2.10 billion.
🧾 Trade and other payables increased significantly from PKR 6.54 billion to PKR 8.19 billion.
🏦 Short-term borrowings increased from PKR 14.12 billion to PKR 17.34 billion, indicating increased reliance on debt.
⚠️ Slight exchange differences on translation of foreign operations (loss) impacted total comprehensive income.

🎯 Investment Thesis

Based on the decreased revenue, declining profitability, and increased borrowings, a SELL recommendation is warranted for Millat Tractors (MTL). The company’s financial performance indicates potential challenges in maintaining its market position and generating profits. Price Target: PKR 250.00. Time Horizon: Medium Term (6-12 months). The price target is set based on a conservative estimate, considering the current financial challenges and potential market corrections.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

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