KARACHI: Fauji Fertilizer Company Limited (FFC) has announced a strong financial performance for the half-year ended June 30, 2026, reporting a significant increase in earnings driven by higher fertilizer sales, improved market share, and robust investment income. Alongside its financial results, the company’s Board of Directors has recommended a second interim cash dividend of Rs14.50 per share (145%), in addition to the Rs8.50 per share (85%) interim dividend already paid earlier this year.
According to the company, net profit for the six-month period rose to Rs41.85 billion, compared with Rs38.45 billion in the corresponding period last year. Earnings per share (EPS) improved to Rs29.08, up from Rs27.02 a year earlier.
FFC attributed the improved performance to higher fertilizer demand and increased sales volumes despite continued uncertainty in the business environment due to regional geopolitical developments, which kept pressure on energy markets and commodity prices. The company said its focused marketing and distribution efforts, coupled with uninterrupted product availability, resulted in stronger urea sales during the second quarter of 2026.
During the first half of the year, FFC’s urea plants at Goth Machhi and Mirpur Mathelo produced 1.262 million tonnes of prilled urea, reflecting a 3% year-on-year increase. However, Sona DAP production declined by 6% to 369,000 tonnes, primarily due to gas curtailment and shortages of phosphoric acid caused by regional supply constraints.
The company also reported a substantial increase in fertilizer sales. Urea offtake climbed to 1.404 million tonnes from 1.122 million tonnes in the corresponding period last year, while DAP sales, including imported products, increased to 318,000 tonnes from 288,000 tonnes. As a result, FFC’s urea market share improved to 56% from 48%, while its DAP market share increased to 66% from 63%.
Revenue from product sales surged to Rs200 billion, compared with Rs155 billion in the first half of 2025. The company stated that higher sales volumes, disciplined cost management, and investment income of approximately Rs28 billion supported profitability during the period.
On a consolidated basis, FFC reported a profit after tax of Rs42.42 billion, representing a 12% year-on-year increase, supported by improved profitability at the parent company and consistent contributions from subsidiaries and associated companies. Consolidated earnings per share stood at Rs29.05, compared with Rs26.06 in the same period last year.
The company said shareholders whose names appear in the Register of Members on August 10, 2026, will be entitled to receive the recommended dividend. The share transfer books will remain closed from August 11 to August 13, 2026 (both days inclusive).
