Fauji Fertilizer Company Limited (FFC) reported earnings per share of PKR 66.30 for CY24, compared to PKR 36.56 in CY23. Furthermore, in 3QCY25, the company reported earnings per share of PKR 17.24, compared to earnings per share of PKR 19.82 in the same period last year (SPLY).
As of September 2025, the company’s urea offtakes for the year stood at 1.95 KT, down from 2.22 KT in the SPLY. Meanwhile, DAP offtakes reached 541,000 tonnes, compared to 649,000 tonnes in SPLY. Management expects the urea market to rebound, noting that fertilizer application this year should surpass last year’s levels as farm economics continue to improve gradually. By the 1QCY26, management anticipates having around 270 Sona Centres operational.
These centres aim to ensure farmers have affordable access to fertilizers, offer free soil and water testing, provide satellite-based agronomic advisory, and extend non collateralized financing. Currently, 115 Sona Centres are active, and roughly 2% of total offtakes are being routed through this network.
The company has also made tangible progress toward becoming Shariah-compliant, with formal disclosure expected in the upcoming results. Management clarified that no discussions are currently underway with the government regarding potential urea exports. They expect full-year urea Industry offtakes to reach around 6.3 million tonnes, with year end inventory levels well below 1 mn tonnes. Fertilizer application is anticipated to remain strong in 4QCY25.
Important Disclosures
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