Fauji Fertilizer Company – 2025: Full-Year Merger Impact Lifts Profit to PKR 73.6bn Amid Market Volatility

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 Fauji Fertilizer Company (FFC) – 2025 Key Highlights (from FFC Annual Report 2025)

  • Fertilizer value chain remained volatile due to adverse weather, uneven crop yields, and farmer liquidity stress, leading to market oversupply and elevated inventories.

  • Government support included concessionary agri-financing. FFC reduced stock levels and closed the year with the lowest inventory in the industry.

  • 2025 reflects full-year merged operations (vs. six months of ex-FFBL in 2024).

Financial Performance

  • Net Profit: PKR 73.6bn

  • EPS: PKR 51.69 (2024: PKR 45.49)

  • Revenue: PKR 432bn (full-year Port Qasim plants impact)

Operations

  • Urea Production: 2,903k tons (112% capacity utilization)

  • DAP Production: 837k tons (124% capacity utilization)

  • Urea Offtake: 2,886k tons

  • DAP Offtake: 834k tons

Other Points

  • Expanded Sona Center retail network.

  • No inflationary pass-through; urea priced significantly below international levels.

Other income was a key contributor to performance, largely comprising dividend receipts of PKR 22.4 billion from subsidiaries and associates. 

In listed holdings Fauji Fertilizer (PSX:FFC) holds

Askari Bank (AKBL) +64%
Fauji Foods (FFL) 48%
Agritech (AGL) 29%
Fauji Cement (FCCL) 4.3%