Fauji Fertilizer Company Limited reported a profit of Rs17.48 billion for the first quarter of 2026, reflecting a 31.62% increase compared to Rs13.28 billion in the same period last year.
Earnings per share rose to Rs12.14 from Rs9.33 in the first quarter of 2025, marking a 30.12% increase that directly benefited the company’s shareholders during this period.
Net turnover climbed 49.75% year-on-year to Rs95.29 billion, up from Rs63.64 billion, driven by strong sales volumes across both the urea and DAP fertilizer segments.
Urea offtake reached 601,000 tonnes compared to 538,000 tonnes in the same quarter last year, lifting the company’s urea market share by nine percent to 58%.
DAP sales more than doubled, rising to 182,000 tonnes from 88,000 tonnes, pushing the company’s DAP market share higher to 63% from 59% a year earlier.
Urea production reached 654,000 tonnes during the quarter, compared to 629,000 tonnes produced during the corresponding period in the first quarter of 2025.
Cost of sales increased 61.43% to Rs66.17 billion from Rs40.99 billion, growing at a pace that outstripped revenue growth and placed pressure on the gross profit margin.
Despite rising costs, gross profit expanded 28.61% to Rs29.13 billion from Rs22.65 billion, providing a solid financial base for the company’s overall quarterly earnings performance.
Operating result grew 29.14% to Rs21.37 billion from Rs16.55 billion, after accounting for distribution costs of Rs7.75 billion recorded during the first quarter of calendar year 2026.
Other income rose 43.30% to Rs10.67 billion from Rs7.45 billion, partly driven by dividend income from associated companies, which increased to Rs6.80 billion from Rs2.80 billion.
Finance costs increased 27.79% to Rs2.17 billion while other expenses grew 11.80% to Rs2.12 billion compared to the corresponding quarter of the previous financial year.
Profit before income tax reached Rs27.76 billion, representing a 36.03% increase from Rs20.40 billion recorded during the first quarter of the preceding calendar year 2025.
Provision for taxation rose 44.38% to Rs10.28 billion from Rs7.12 billion, while final taxes and levies declined sharply by 98.11% to Rs0.13 million during the quarter.
On a consolidated basis, the company recorded a profit after taxation of Rs19.90 billion, compared to Rs17.60 billion during the same period in the previous year’s first quarter.
The Board of Directors recommended an interim cash dividend of Rs8.50 per share, equivalent to 85%, payable to shareholders registered at the close of business on 11 May 2026.
| STATEMENT OF PROFIT OR LOSS FOR THE THREE MONTH ENDED MARCH 31, 2026 (Rs.000) | |||
| Description | 2026 | 2025 | Change (%) |
| Turnover – net | 95,293,909 | 63,636,854 | 49.75% |
| Cost of sales | (66,166,432) | (40,988,198) | 61.43% |
| Gross Profit | 29,127,477 | 22,648,656 | 28.61% |
| Distribution cost | (7,753,335) | (6,097,876) | 27.15% |
| Operating Result | 21,374,142 | 16,550,780 | 29.14% |
| Finance cost | (2,171,281) | (1,699,091) | 27.79% |
| Other expenses | (2,116,426) | (1,893,093) | 11.80% |
| Other income | 10,669,420 | 7,445,295 | 43.30% |
| Profit Before Income Tax & Final Tax | 27,755,855 | 20,403,891 | 36.03% |
| Final taxes – levies | (131) | (6,935) | -98.11% |
| Profit Before Income Tax | 27,755,724 | 20,396,956 | 36.08% |
| Provision for taxation | (10,278,898) | (7,119,134) | 44.38% |
| Profit For The Period | 17,476,826 | 13,277,822 | 31.62% |
| Earnings Per Share (Rs.) | 12.14 | 9.33 | 30.12% |
