The General Manager
Pakistan Stock Exchange Limited Stock Exchange Building
Stock Exchange Road Karachi
April 20, 2026
Dear Sir/Madam,
Subject: ANNOUNCEMENT OF FINANCIAL RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 2026We would like to inform you that the Board of Directors of Engro Fertilizers Limited ("the Company") in their meeting held on Monday, April 20, 2026 at Karachi, reviewed and approved the un-audited financial results of the Company for the first quarter ended March 31, 2026, and recommended the following:
-
CASH DIVIDEND
An interim Cash Dividend for the first quarter ended March 31, 2026 at Rs. 2 per share i.e.
20%.
-
BONUS SHARES
NIL
-
RIGHT SHARES
NIL
-
ANY OTHER ENTITLEMENT / CORPORATE ACTION
NIL
- ANY OTHER PRICE-SENSITIVE INFORMATION
The quarterly financial results are attached as Annexure "A" & "B".
The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on Monday, May 04, 2026.
BOOK CLOSURE DATESThe Share Transfer Books of the Company will be closed from Tuesday, May 05, 2026, to Wednesday May 06, 2026 (both days inclusive). The transfers received in order at the office of the Company's share registrar, M/s. FAMCO Share Registration Services (Private) Limited, 8-F, near hotel Faran, Block 6, PECHS, Shahra-e-Faisal, Karachi PABX Nos. (92-21) 34380101-5 and email info.shares@famcosrs.com.pk by the close of business (5:00 p.m.) on Monday, May 04, 2026 will be treated in time for the purposes of payment of an interim cash dividend to the transferees.
The Quarterly Report of the Company for the period ended March 31, 2026 will be transmitted through PUCARS separately, within the specified time and shall also be made available on our website https://www.engrofertilizers.com.
Yours faithfully,
For and on behalf of
ENGRO FERTILIZERS LIMITED Danish Raza
Company Secretary
Cc: The Director / HOD
Listed Companies Department, Supervision Division Securities & Exchange Commission of Pakistan
NIC Building, 63 Jinnah Avenue, Blue Area Islamabad.
ENGRO FERTILIZERS LIMITED
CONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION AS AT MARCH 31, 2026
(Amounts in thousand)
Annexure A-1
Unaudited Audited March 31, December 31,
2026 2025
- - ---- - | ----Rupees--------------------- | ||
ASSETS | |||
Non-current assets | |||
Property, plant and equipment | 102,833,130 | 92,391,260 | |
Intangible assets | 4,719,006 | 4,779,969 | |
Long-term investments | 4,348,915 | 4,348,915 | |
Oeferred taxation | 1,738,532 | 1,534,786 | |
Long-term loans, advances and deposits | 132,927 | 26,738 | |
113,772,510 | 1 03, 081,668 | ||
Current assets | |||
Stores, spares and loose tools | 9,551,033 | 9, 151, 070 | |
Stocl‹-in-ti ade | 31,108, 784 | 2?,G91, ^o12 | |
Trade debts | 2,943,221 | 16,845,896 | |
Other receivables | 11,599,026 | 7,834,671 | |
Loans, advances, deposits and prepayments | 6,116,309 | 3,669,419 | |
Taxation - net | 9,321,177 | 8,689, 083 | |
Accrued income | 121,777 | 147,159 | |
Short-term investments | 14,750,695 | 16,012,850 | |
Cash and bank balances | 2,424,528 | 8,042,747 | |
91, 016,550 | 96,084,407 | ||
TOTAL ASSETS | 204,789, 060 | 199,166,075 | |
(Amounts in thousand)
Unaudited Audited March 31, December 31,
2026 2025
-- | --------- ---Rupees--------------------- | ||
EQUITY & LIABILITIES | |||
Equity | |||
Share capital | 13,352,993 | 13,352,993 | |
Reserves | |||
Share premium | 3,384,904 | 3,384,904 | |
Remeasurement of post employment benefits | (38,205) | (38,205) | |
Unappropriated profit | 26,024,886 | 28,047,546 | |
29,371,585 | 31,394,245 | ||
TOTAL EQUITY | 42,724,578 | 44,747,238 | |
Liabilities | |||
Non-current liabilities | |||
Borrowings | 37,812,483 | 29,445,959 | |
Government grant | 307,793 | 342,634 | |
Deferred liabilities | 1,485, 002 | 34,464 | |
39,605,278 | 29,823, 057 | ||
Current liabilities | |||
Trade and other payables | 56,895,204 | 65,699,202 | |
Accrued interest / mark-up | 1, 215,527 | 1,434,31 0 | |
Current portion of: | |||
- borrowings | 14,529,372 | 4,461,586 | |
- government grant | 160,132 | 171,721 | |
- deferred liabilities | 102,680 | 102,437 | |
Provision for Gas Infrastructure Development Cess (GIDC) | 19,558,031 | 19,558,031 | |
Short-term borrowings | 24,511,412 | 23, 022,723 | |
Unpaid Dividend | 5,341,198 | ||
Unclaimed dividend | 145,648 | 145,770 | |
122,459,204 | 124,595,780 | ||
TOTAL LIABILITIES | 162,064,482 | 154,418,837 | |
TOTAL EQUITY AND LIABILITIES | 204,789,060 | 199,166,075 | |
CONTINGENCIES AND COMMITMENTS | |||
ENGRO FERTILIZERS LIMITED
CONSOLIDATED CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UNAUDITED) FOR THE QUARTER ENDED MARCH 31, 2026
(Amounts in thousand except for earnings per share)
Annexure A-2
Quarter ended
March 31, March 31,
2026 2025
- - -
RupeesNet sales | 37,789,750 | 30,285,513 |
Cost of sales | (26,058,997) | (19,603,824) |
Gross profit | 1,730,753 | 10,681,689 |
Selling and distribution expenses | (3,255,862) | (3,224,547) |
Administrative expenses | (1,197,204) | (1,236,050) |
7,277,687 | 6,221,092 | |
Other income | 382,380 | 313,402 |
Other operating expenses | (543,121) | (528,937) |
Finance cost | (1,427,151) | (1,090,083) |
(Loss) / Gain on subsidy receivable from GoP | (129,559) | 10,523 |
5,?60,23G | 4,92?, 997 | |
Taxation | (2,241,698) | (2,027,660) |
Profit for the period | 3,3 J 8,538 | 2,898,337 |
Earnings per share - basic and diluted | 249 | 2.17 |
" |
ENGRO FERTILIZERS LIMITED Annexure A-3
CONSOLIDATED CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED)
FOR THE QUARTER ENDED MARCH 31, 2026
(Amounts in thousand)
Quarter ended March 31, March 31,
2026 2025
--------- Rupees --------•---------
Profit for the period Other comprehensive income | 3,318,538 | 2,898,337 |
Total comprehensive income for the period | 3,318,538 | 2,898,337 |
ENGRO FERTILIZERS LIMITED
CONSOLIDATED CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY FOR THE QUARTER ENDED MARCH 31, 2026
(Amounts in thousand)
Annexure A-4
RESERVES
CAPITAL REVENUE
Remeasurement
Share
capital
Share prem ium
of post employment benefits
Unappropriated profit
Total
-- -- -- --- - ------- -- ------- -•-Rupees•••---------------------------------•••--• •
Balance as at January 1, 2026 (Audited)
Transaction with owners: Dividend:
- Final 2025: Rs. 4.00 per share
Total comprehens ive income for the Profit for the period
13,352,993 3,384,904
(38, 205) 28,047, 546 44, 747, 238
(5,341,198) (5,341, 198)
3,318,538 3,318,538
Other comprehensive income
3,318,538 3,318,538
Balance as at March 31, 2026 (Unaudited)
Balance as at January 1, 2025 (Audited) Transaction with owners:
Dividenrt:
- k inal 2024: Rs. 8. 00 per slaai e
Total comprehensive income for the quarter ended March 31, 2025
Profit for the period
Other comprehensive income
13,352,993 3,384,904
13,352 993 3,384,904
(38,205) 26,024,886 42,724,578
(69,543) 30,790,190 47,458,544
(10,682, 395) (10,682,395)
2,898,337
2,898,337
2,898, 337
2,898,337
Balance As at March 31, 2025 (Unaudited)
13,352,993 3,384,904
(69,543) 23,006,132 39,674,486
ENGRO FERTILIZERS LIMITE D
CONSOLIDATED CONDENSED INTERIM STATEMENT OF CASH FLOWS (UNAUDITE D) FOR THE QUARTER ENDED MARCH 31, 2026(Amounts in thousand)
Annexure A-5
Quarter ended
March 31, 2026 | March 31, 2025 | ||||
- | - - | - | - •--Rupees------------------- | ||
CASH FLOWS FROM OPERATING ACTIVITIES | |||||
Cash utilised in operations | (2, 086,625) | (7,955,960) | |||
Retirement and other service benefits paid | (176,838) | ||||
Taxes paid | (3, 077,538) | (4,210,437) | |||
Long-term loans, advances and deposits | (106,189) | 73,474 | |||
Income on deposits / other financial assets | 354, 032 | 291,335 | |||
Net cash itilised in operating activities | (4,916,320) | (11,978,426) | |||
CASH FLOWS FROM INVESTING ACTIVITIES | |||||
(11,675,325) | (837,189) | ||||
Proceeds from disposal of operating assets and intangibles | 29,253 | 68,034 | |||
Short-term investments - net | 362,155 | 2,139,855 | |||
Net cash (utilised in) / generated from investing activities | (11,283,917) | 1,370,700 | |||
Proceeds from long-term borrowings | 32,599,697 | 4, 000, 000 | |
Repayment of short-term borrowings | (4,500,000) | ||
Loan repaid to the Parent Company | (12,213,000) | ||
Repayments of long-term borrowings | (22,776,896) | (59,277) | |
Loan obtained from the Parent Company | 12,213,000 | ||
Finance cost paid | (1,629,350) | (1,523,073) | |
Dividends paid | (122) | (4,646,754) | |
Net cash generated from / (utilised in) financing activities | 8,193,329 | (6,729,104) | |
Net decrease in cash and cash equivalents | (8,006,908) | (17,336,830) | |
Cash and cash equivalents at beginning of the period | 6,220,024 | (2,443,701) | |
Cash and cash equivalents at end of the period | (1,786,884) | (19,780,531) |
ENGRO FERTILIZERS LIMITED
CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION AS AT MARCH 31, 2026
(Amounts in thousand)
Annexure B-1
Unaudited Audited March 31, December 31,
2026 2025
- - ---Rupees ------------------
ASSETS | |||
Non-current assets | |||
Property, plant and equipment | 102,833,130 | 92,391,260 | |
Intangible assets | 4,719,006 | 4,779,969 | |
Investment in subsidiary | J00 | 100 | |
Deferred Taxation | 173,219 | 37,736 | |
Long-term investments | 3,597,740 | 3,597,740 | |
Long-term loans, advances and deposits | 132,927 | 26,738 | |
111,456,122 | 100,833,543 | ||
Current assets | |||
Stores, spares and loose tools | 9,551,033 | 9,151,070 | |
Stock-in-trade | 24,092,570 | 11,085,159 | |
Trade debts | 2,2.^0,087 | 14,200,239 | |
Other receivables | 8,620,613 | 6,695,551 | |
Loans, advances, deposits and prepayments | 3,971,670 | 2,381,086 | |
Working capital loan to subsidiary | 10,712,845 | 20,998,123 | |
Taxation - net | 11,293,291 | 10,635,995 | |
Accrued income | 444,479 | 874,728 | |
Short-term investments | 14,750,695 | 15,062,850 | |
Cash and bank balances | 2,418,273 | 7,949,297 | |
88,103,556 | 99,034,098 | ||
TOTAL ASSETS | 199,559,678 | 199,867,641 | |
(Amounts in thousand)
Unaudited Audited March 31, December 31,
2026 2025
-------------------Ru pees------------------
EQUITY & LIABILITIES | |||
Equity | |||
Share capital | 13,352,993 | 13,352,993 | |
Reserves | |||
Share premium | 3,384,904 | 3,384,904 | |
Reserve on amalgamation | (304,027) | (304,027) | |
Remeasurement of post employment benefits | (38,559) | (38,559) | |
Unappropriated profit | 26,114,399 | 28,564,531 | |
29,156,717 | 31,606,849 | ||
TOTAL EQUITY | 42,509,71 0 | 44,959,842 | |
Liabilities | |||
Non-current liabilities | |||
Borrowings | 37,812,483 | 29,445,959 | |
Government grant | 307,793 | 342,634 | |
Deferred liabilities | 1,485,002 | 34,464 | |
39,605, 278 | 29,823,057 | ||
Current liabilities | |||
Trade and other payables | 51,931,089 | 66,226,088 | |
Accrued interest / mark-up | 1,187,939 | 1,401,148 | |
Current portion of: lsoi"rowii4gs | 14, 529, 372 | 14,461,58G | |
- government grant | 160,132 | 171,721 | |
- deferred liabilities | 97,918 | 97,675 | |
Provision for Gas Infrastructure Development Cess (GIDC) | 19,558,031 | 19,558,031 | |
Short-term borrowings | 24,493,363 | 23,022,723 | |
Unpaid dividend | 5,341,198 | ||
Unclaimed dividend | 145,648 | 145,770 | |
117,444,690 | 125,084,742 | ||
TOTAL LIABILITIES | 157,049,968 | 154,907,799 | |
TOTAL EQUITY & LIABILITIES | 199,559,678 | 199,867,641 | |
CONNING ENCIES AND COMMITMENTS |
ENGRO FERTILIZERS LIMITED
CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UNAUDITED) FOR THE QUARTER ENDED MARCH 31, 2026
(Amounts in thousand except for earnings per share)
Annexure B-2
Quarter ended March 31, March 31,
2026 2025
Net sales | 26,338,683 | 24,313,384 |
Cost of sales | (16,235,720) | (14,261,482) |
Gross profit | 10,102,963 | 10,051,902 |
Selling and distribution expenses | (2,957,313) | (3,037,887) |
Administrative expenses | (1,196,285) | (1,235,585) |
5,949,365 | 5,778,430 | |
Other income | 839,703 | 1,645,682 |
Other operating expenses | (482,451) | (478,938) |
Finance cost | (1,394,34?) | ( 1,009,827) |
(Loss) / Gain on subsidy receiVable from GoP | (129,559) | 10,523 |
Profit before taxation | 4,782,713 | 5,885,870 |
Taxation | (1,891,647) | (1,956,860) |
Profit for the period | 2,891 066 | 3,929,010 |
Earnings per share - basic and diluted | 2.17 | 2 94 |
ENGRO FERTILIZERS LIMITED Annexure B-3
CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED) FOR THE QUARTER ENDED MARCH 31, 2026
(Amounts in thousand)
Quarter ended March 31, March 31,
2026 2025
----------Rupees-------------
Profit for the period Other comprehensive income | 2,891,066 | 3,929,010 |
Total comprehensive income for the period | 2,891, 066 | 3,929,010 |
ENGRO FERTILIZERS LIMITED
CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY FOR THE QUARTER ENDED MARCH 31, 2026
(Amounts in thousand)
A nnexure B 4
RESERVES
CAPITAL REVENUE
Remeasurement
Share Share ReseFve on of post capital prem ium amalgamation employmenf
benefits
Unappropriated
profit
Total
.. - -. - - - - - - -.. ............... .. RU ee5............-.-..- -- -...............................................
Balance as at J anuary fi , 2026 (AUdited)
Transaction with owners:
Dividend:
Final 2025: Rs. 4.00 per share
Total c om prehens ive income for the g varter ended March 31, 2026
Profit for the period
Ohei comprehensive income
Bal ance as aI Marc h 31, 2026 (Unaudited)
Balance as at January 1, 2025 (A dited) Transaction with owners:
Dividend:
- Final 2024: Rs. 8 00 per share
Total coin |›i e| jeiJsi ve i Jconzc foi t|je quarter ended March 31, 2025
Profit for the period
S 3, 352, 993 3,384,904
13,352,993 3,384,904
13,352,993 3,384,9 04
(304, 027)
(304,027}
(304, 027)
(38,559)
{38,559)
(69,897)
28,564,531 44,959,8J2
(5,34 1, 198) (5,34 1, 198)
2,891, 066
2,891, 066
2,891, 066 2,891, 066
26,114,399 42,509,710
30,164, 684 46,528, 657
( 10,682,395) (10, 682,395)
3,929, 0 10 3,929, 0 10
Other comprehensive income
3,929, 010 3,929, 010
Balance as at March 31, 2025 (UnaudJte d)
13,352,993 3,384,904
(304,0 27)
(69,897)
23,41 1,299 39,775,272
ENGRO FERTILIZERS LIMITED
CONDENSED INTERIM STATEMENT OF CASH FLOWS (UNAUDITED) FOR THE QUARTER ENDED MARCH 31, 2026
(Amounts in thousand)
Annexure B-5
CASH FLOWS FROM OPERATING ACTIVITIES
Cash generated from / (utilised in) operations Retirement and other service benefits paid Taxes paid
Long-term loans, advances and deposits Income on deposits / other financial assets Net cash rifiliscd in operating activities
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property, plant and equipment Proceeds from disposal of operating assets Disbursement of working capital loan to subsidiary
Payment received against working capital loan to subsidiary Short-term investments - net
Dividends received
Net cash (utilised in) / generated from investing activities
CASH FLOWS FROM FINANCING ACTIVITIES
Proceed from long-term borrowings Repayments of short-term borrowings Loan obtained from the Holding Company Repayments of long-term borrowings Loan repaid from the Holding Company Finance cost paid
Dividends paid
Net cash generated from / (utilised in) financing activities
Net decrease in cash and cash equivalents
Cash and cash equivalents at beginning of the period
Cash and cash equivalents at end of the period
Quarter ended March 31, March 31,
2026 2025
- -- --- --- ---R ipees------------------
(12,438,639) (11,124,867)
(176,838)
(2,684,426) (4,069,422)
(106,189) 73,474
1, 044,520 757,923
(1^.,104,731) (1^. ,539, 730)
(11,6/5,325)
29,253
(15,604,790)
25,890,068
362,155
(837,189)
68,034
(12,366,118)
15,302,775
2,138,414
885,000
(998,639) ?, 1 TO, 016
32,599,697
(22,776,896)
(1,590,970)
(122)
4, 000, 000
(4,500, 000)
12,213, 000
(59,277)
(12,213, 000)
(1,486,136)
(4,646,754)
8,231,709 (6,692,167)
(6,951,664) (16,040,981 )
5,176,574 (3,440,177)
(1,775,090) (19,481,158)