Rawalpindi: Fauji Fertilizer Company (FFC) has released its financial results for the quarter ended March 31, 2025, showing a significant increase in profit. The Board of Directors, during a meeting held on April 28, 2025, at the Fauji Foundation Head Office in Rawalpindi, approved an interim cash dividend of Rs. 7.00 per share, translating to a 70% payout for the quarter. The board did not recommend any bonus or right shares.

The company's operational and financial performance included scheduled maintenance of its manufacturing facilities at Goth Machhi and Port Qasim, which had not occurred in the previous year. This maintenance contributed to an aggregate urea production of 629,000 tonnes and a DAP output of 168,000 tonnes.

Despite weak farm economics and a drought situation leading to an oversupplied market, FFC's marketing strategies resulted in a urea offtake of 538,000 tonnes, marking a 26% decline year on year. This was comparatively better than the industry's overall decline of 40%. The company increased its market share to 49%, up from 45% the previous year, and held only 16% of the industry's closing inventory. Additionally, DAP sales reached 88,000 tonnes, securing a market share of 63%.

According to information available from the Pakistan Stock Exchange (PSX), FFC reported a profit of PKR 13.30 billion, up from PKR 10.50 billion in the same period last year. This increase was mainly attributed to other income of PKR 7.40 billion, which included a dividend of PKR 2.80 billion from Askari Bank Limited. Earnings per share increased to PKR 9.3, compared to PKR 8.3 in the corresponding period last year.

On a consolidated basis, FFC recorded a profit after tax (PAT) of Rs. 17.60 billion, reflecting a 39% increase over the same period last year. This performance was primarily driven by strong results from FFC's standalone operations, along with contributions from subsidiaries and associated companies.

The recommended entitlement will be disbursed to shareholders listed in the Register of Members as of May 10, 2025. The company's share transfer books will be closed from May 11, 2025, to May 13, 2025, inclusive. Transfers submitted to CDC Share Registrar Services Limited by the close of business on May 10, 2025, will be processed in time for the entitlement to the transferees.