Rawalpindi: On January 29, 2025, Fauji Fertilizer Company Limited (FFC) announced its financial results for the year ending December 31, 2024, revealing a robust performance and a significant final cash dividend. The announcement was made following a meeting of the company's Board of Directors held at the FFC Head Office in Rawalpindi.

For the fiscal year 2024, FFC declared a final cash dividend of Rs. 21.00 per share, equating to 210%. This final dividend is in addition to interim dividends previously paid at Rs. 15.50 per share, which post-merger, were revised to Rs. 13.86 per share, totaling an interim dividend of 138.60%. The company reported no issuance of bonus or right shares, nor any other corporate actions for the year.

The financial year 2024 marked a significant milestone for FFC with the successful merger of Fauji Fertilizer Bin Qasim Limited (FFBL) into the company, leading to substantial growth in the company's financial position. According to the statement of financial position as of December 31, 2024, FFC's total equity and liabilities surged to Rs. 416.95 billion from Rs. 223.28 billion in 2023. The asset base expanded correspondingly, with non-current assets reaching Rs. 138.44 billion and current assets increasing to Rs. 278.51 billion.

The company's turnover for 2024 rose to Rs. 373.54 billion, up from Rs. 159.47 billion in the previous year. After accounting for the cost of sales, which stood at Rs. 246.36 billion, FFC achieved a gross profit of Rs. 127.17 billion, nearly doubling the Rs. 64.25 billion gross profit recorded in 2023. The net profit for the year was reported at Rs. 64.73 billion, significantly higher than the Rs. 29.67 billion earned in 2023.

According to information available from the Pakistan Stock Exchange (PSX), FFC's impressive financial performance was driven by strategic expansion, increased sales, and efficient cost management. The earnings per share (EPS) for the year improved to Rs. 60.10 from Rs. 37.30 in the previous year, showcasing the company's strong financial health and profitability.

In terms of liabilities, FFC's long-term borrowings increased to Rs. 31.30 billion, while current liabilities, including trade and other payables, reached Rs. 186.05 billion. The company's cash flow from operating activities was robust, with net cash generated amounting to Rs. 191.62 billion, a significant increase from Rs. 86.32 billion in 2023.

FFC's financial results indicate a promising outlook for stakeholders, with the company maintaining a strong position in the fertilizer market category. The strategic merger with FFBL and the subsequent financial performance have positioned FFC to continue its growth trajectory in the coming years.