Karachi: Fauji Fertilizer Company Limited (FFC), one of Pakistan’s largest fertilizer manufacturers, has reported a robust financial performance for the quarter ended March 31, 2026, driven by higher fertilizer sales, improved market share, and strong operational execution. The company also announced an interim cash dividend of Rs8.50 per share (85%) for its shareholders.

According to the financial results approved by the Board of Directors, FFC’s unconsolidated net profit surged to Rs17.48 billion, compared to Rs13.28 billion in the corresponding period last year, representing a year-on-year increase of nearly 32%. Earnings per share (EPS) improved to Rs12.14, up from Rs9.33 a year earlier.

The company’s net turnover climbed sharply to Rs95.29 billion, compared with Rs63.64 billion in the first quarter of 2025. Higher fertilizer sales volumes and improved market demand contributed significantly to the increase in revenue, while gross profit rose to Rs29.13 billion from Rs22.65 billion during the same period last year.

FFC stated that Pakistan’s fertilizer market began 2026 on a relatively subdued note due to elevated inventories at the distribution level. However, geopolitical developments during the latter part of the quarter triggered speculative buying, resulting in stronger demand. Despite rising international fertilizer prices, the company maintained stable urea prices and ensured uninterrupted fertilizer supplies to farmers through its nationwide network of Sona Centres.

During the quarter, FFC produced 654,000 tonnes of urea, compared with 629,000 tonnes in the same period last year. DAP production remained steady at 166,000 tonnes, while the company also imported 42,000 tonnes of DAP to meet domestic demand. Urea offtake reached 601,000 tonnes, significantly higher than 538,000 tonnes a year earlier, while DAP sales climbed to 182,000 tonnes, more than doubling from 88,000 tonnes in the corresponding quarter. As a result, FFC increased its urea market share to 58% from 49%, while its DAP market share improved to 63% from 59%.

The company attributed its improved profitability to higher fertilizer sales volumes, stronger dividend income from associated companies, and disciplined cost management despite a challenging geopolitical environment. Dividend income from associates increased to Rs6.8 billion, compared with Rs2.8 billion in the first quarter of 2025.

On a consolidated basis, FFC posted a profit after tax of Rs19.96 billion, up from Rs17.64 billion in the same quarter last year, while consolidated earnings per share stood at Rs13.62.

The company informed shareholders that the interim cash dividend will be paid to members whose names appear in the register on May 11, 2026, with the share transfer books remaining closed from May 12 to May 14, 2026.