Karachi April 28 2025: Fauji Fertilizer Company reported a profit of PKR 13.3 billion for the first quarter, compared to PKR 10.5 billion in the same period last year, primarily driven by higher sales, according to company filing to the exchange.
Company announced interim cash payout of PKR 7.0 per share for the quarter ended March 31 2025.
During first quarter of 2025, FFC undertook scheduled maintenance of the manufacturing facilities at Goth Machhi and Port Qasim, while no shut down was carried out last year. Aggregate Urea production stood at 629 thousand tonnes whereas DAP output was recorded at 168 thousand tonnes.
Weak farm economics and drought situation resulted in oversupplied market, however strong marketing efforts resulted in Urea offtake of 538 thousand tonnes, down 26% year on year compared to the industry decline of 40%. The Company also improved market share to 49% compared to 45% last year, whereas only holds 16% of industry’s closing inventory. DAP sale of 88 thousand tonnes was also recorded with a market share of 63%.
The Company reported a profit of PKR 13.3 billion, compared to PKR 10.5 billion in the same period last year, primarily driven by better selling prices and lower cost of production.
Company earned other income of PKR 7.4 billion, which includes a PKR 2.8 billion dividend from Askari Bank Limited. Earnings per share rose to PKR 9.3, up from PKR 8.3 in the corresponding period last year.
On a consolidated basis, FFC recorded a PAT of Rs. 17.6 billion, reflecting a 39% increase over the same period last year, primarily reflecting strong performance from FFC’s standalone operations, supplemented by contributions from subsidiaries and associated companies.
The recommended entitlement will be paid to the shareholders whose names will appear in the Register of Members on May 10, 2025. The Share Transfer Books of the Company will be closed from May 11, 2025 to May 13, 2025 (both days inclusive).
