Fauji Fertilizer records 118% profit growth post-merger of FFBL

Fauji Fertilizer Company (FFC) reported a net profit of PKR 64.7 billion for 2024, marking a 118% increase from the previous year’s profit of PKR 29.67 billion.

This surge in profits is largely attributed to contributions from Fauji Fertilizer Bin Qasim (FFBL), which merged with FFC in July.

The earnings per share for 2024 were PKR 45.49, up from PKR 23.32 in 2023. FFC declared a final cash dividend of PKR 21 per share, in addition to the interim dividend of PKR 15.5 already disbursed to shareholders.

The company’s sales for the year soared by 134% to PKR 373.5 billion, primarily driven by increased offtakes and higher urea prices.

Additionally, FFC recorded an impairment loss of PKR 4.0 billion due to an investment in a subsidiary.