August 27, 2025 FATIMA/PSX/25/A-023
The General Manager Executive Director/HOD
Pakistan Stock Exchange Limited Offsite-II Department
Stock Exchange Building Supervision Division
Stock Exchange Road SECP, 63, NIC Building, Jinnah Avenue
Karachi. Islamabad.
Sub: Financial Results for the Half Year Ended June 30, 2025
Dear Sir,
We have to inform you that the Board of Directors of our Company in their meeting held electronically on Wednesday August 27, 2025 at 12:00 noon, recommended the following:
-
Cash Dividend
An Interim Cash Dividend for the half year ended June 30, 2025 at Rs. 3.50 per share
i.e. 35%. This is in addition to interim Dividend already paid at Rs. Nil per share i.e. Nil %.
- Bonus Shares NIL
- Right Shares NIL
- Any other entitlement / Corporate action NIL
- Any other price sensitive information NIL
The Financial Results of the Company (both standalone and consolidated) for the period ended June 30, 2025 are attached.
The above entitlement will be paid to the shareholders whose names will appear in the Register of Members on September 08, 2025.
The Share Transfer Books of the Company will be closed from September 09, 2025 to September 10, 2025 (both days inclusive). Transfers received at the office of our Shares Registrar, CDC Share Registrar Services Limited, CDC House, 99 - B, Block 'B', S.M.C.H.S., Main Shahra-e-Faisal, Karachi-74400, at the close of business on September 08, 2025 will be treated in time for the purpose of above entitlement to the transferees.
The Quarterly Report of the Company for the period ended June 30, 2025 will be transmitted through PUCARS separately, within the specified time.
Yours Sincerely,
Anil Zia
Deputy Company Secretary Encl: as above
Plant Site: Mukhtar Garh, Sadiqabad, District Rahim Var Khan, Pakistan. PABX: +92 68 5786960, Fax: +92 68 5786909
Head Office: E-110, Khayaban-e-Jinnah, Lahore Cantt., Pakistan. PABX: +92 42 111-FATIMA (111-328-462), Fax: +92 42 36621389, https://www.fatima-group.com
EQUITY AND LIABILITIES CAPITAL AND RESERVESAuthorized share capital
3,700,010,000 (December 31, 2024: 3,700,010,000)
FATIMA FERTILIZER COMPANY LIMITED
CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION AS AT JUNE 30, 2025
Un audited Audited
June 30, 2025 December 31, 2024
(Rupees in thousand)
ASSETS
NON CURRENT ASSETS
Property, plant and equipment Intangible assets
Un audited Audited
June 30, 2025 December 31, 2024
(Rupees in thousand)
snares of Rs 10 each
Issued, subscribed and paid up share capital 2,100,000,000 (December 31, 2024: 2,100,000,000)
ordinary shares of Rs 10 each Reserves
37,000,100_
21,000,000 21,000,000
127,484,077 120,732,919
148,484,077 141,732,919
Investment property
Long term investments
Long term loan to a subsidiary company Long term advances and deposits
93,590,117 | 96,202,487 |
253,707 | 195,113 |
163,154 | 163,607 |
94,006,978
13,745,483 | 51,170,793 |
262,500 | 300,000 |
10,532,069 | Y,485,482 |
96,561,207
58,956,275
NON CURRENT LIABILITIES
Long term finances - secured
Subordinated redeemable preference Class A shares Lease liabilities
Deferred taxation Deferred liaDilities
Long term advances and deposits
CURRENT LIABILITIESTrade and other payables Accrued finance cost Income tax payable
Short term finances - secured
Payable to Privatization Commission of Pakistan Unclaimed dividend
Current portion of long term liabilities
CONTINGENCIES & COMMITMENTS
3,y7g,8s3 | 42,291,109 |
1,849,237 | 1,714,210 |
618,457 | 636,185 |
22,733,249 | 23,668,521 |
2,799,»22 | 2,725,767 |
517,356 | 497,354 |
32,297,704
64,218,760 | 55,422,205 |
1,670,557 | 1,806,013 |
7,635,Z85 | 10,140,497 |
22,6g1,250 | 17,959,728 |
2,197,901 | 2,197,901 |
77,046 | 70,583 |
37,826,695 | 1,968,866 |
71,S33,146
89,565,793
CURRENT ASSETS
Stores and spares Stock in trade Trade debts
Short term loans to related parties Advances, loans, deposits, prepayments
and other receivables Short term investments Cash and bank balances
118,547,03014,883,017 | 15,058,608 |
66,333,254 | 53,169,508 |
14,t68,089 | 17,569,721 |
9,706,135 | 3,657,539 |
18,908,088 | 18,484,806 |
71,978,107 | 30,286,530 |
2,465,555 | 9,087,664 |
155,517,482
147,314,376
317,089275 _ _
317,089,275 302,831,858_
Ch f Financial Officer
FATIMA FERTILIZER COMPANY LIMITED
CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS (UN AUDITED) FOR THE SIX MONTHS ENDED JUNE 30, Z02SThree months ended Six months ended
June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024
(Rupees in thousand)
Sales | 56,595,694 | 41,830,742 | 99,546,715 | 107,077,537 | |
Cost of sales | (37,143,295) | (26,009,252) | (61,294,527) | (64,328,857) | |
Gross profit | 19,452,399 | 15,821,490 | 38,252,188 | 42,748,680 | |
Selling and distribution expenses | (3,977,852) | (3,099,398) | (7,757,405) | (6,475,347) | |
Administrative expenses | (2,383,852) | (2,441,069) | (4,700,887) | (5,059,162j | |
13,ogo,sss | 10,281,023 | 25,793,896 | 31,214,171 | ||
Finance cost | (1,967,198) | (721,342) | (3,809,191) | (1,459,181) | |
Other operating expenses | (1,634,794) | (1,632,254) | (2,599,673) | (7,525,952) | |
9,488,703 | 7,927,427 | 19,385,032 | 22,229,o3g | ||
Other income | 3,772,543 | 2,103,973 | 6,114,729 | 4,407,322 | |
Share of profit from associates | 573 | 1,637 | 573 | 1,637 | |
Other losses: | |||||
- Unwinding of provision for GIDC | {16,676) | (4B,937) | |||
- Loss allowance on subsidy receivable from GoP | (627,648) | ||||
(16,676) | (676,59s | ||||
Profit before tax | 13,261,819 | 10,016,361 | 25,500,334 | 25,961,412 | |
Taxation | (5,105,345) | (4,940,647) | (9,g24,176) | (12,730,067) | |
Profit for the period | 8,L56,474 | 5,075,714 | 15,676,15B | 13,231,345 | |
Earnings per share - basic and diluted (Rupees) | 3.88 | 2.42 | 7.46 | 6.30 |
FATIMA FERTILIZER COMPANY LIMITED
CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME (UN AUDITED) FOR THE SIX MONTHS ENDED JUNE 30, 2025
Three months ended Six months ended
June 30, 2025 | June 30, 2024 | June 30, 2025 | June 30, 2024 | |
(Rupees in thousand) | ||||
Profit for the period Other comprehensive income | 8,156,474 | 5,075,714 | 15,676,158 | 13,231,345 |
Total comprehensive income for the period | 8,156,474 | 5,075,714 | 15,676,158 | 13,231,345 |
FATIMA FERTILIZER COMPANY LIMITED
CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY FOR THE SIX MONTHS ENDED JUNE 30, 2025
Ordinary share capital | ital reserve | Revenue reserve | Post retirement benefit obligation reserve | Total |
Share premium | FIC propriated ' p ;t |
(Rupees in thousand)
Balance as at December 31, 2023 (Audited) | 21,000,000 | 1,790,000 | 95,913,335 | (337,352) | 118,365,983 |
Profit for the period | 13,231,345 | 13,231,345 | |||
Other comprehensive income | |||||
Total comprehensive income | 13,231,345 | 13,231,345 | |||
Transaction with owners: | |||||
- Final dividend for the year ended December 31, 2023 @ Rs 2.75 per share | (5,775,000) (5,775,000) | ||||
Balance as at June 30, 2024 (Un audited) | 21,000,000 | 1,790,000 | 103,369,680 (337,352) 125,822,328 | ||
Balance as at December 31, 2024 (Audited) | 21,000,000 | 1,790,000 | 119,346,573 | (403,654) | 141,732,919 |
Profit for the period | 15,676,158 | 15,676,158 | |||
Other comprehensive income | |||||
Total comprehensive income | 15,676,15B | 15,676,15g | |||
Transaction with owners: | |||||
- Final dividend for the year ended December 31, 2024 @ Rs 4.25 per share
(8,925,000)
(8,925,000)
Balance as at June 30, 2025 (Un audited)
21,000,000
1,790,OOO
126,097,731
(403,654)148,484,077
ief Financial Officer
FATIMA FERTILIZER COMPANY LIMITED CONDENSED INTERIM STATEMENT OF CASH FLOWS (UN AUDITED) FOR THE SIX MONTHS ENDED JUNE 30, 2025
June 30, 2025 June 30, 2024
(Rupees in thousand)
Cash flows from operating activities | ||
Cash generated from / (used in) operations | 27,856,266 | (595,109) |
Increase in long term advances and deposits - net | 20,002 | 48,657 |
Finance cost paid | (3,849,351) | (1,551,734) |
Taxes paid | (13,S81,942) | (10,391,549) |
Employee retirement benefits paid | (175,636) | (70,019) |
Net cash generated from / (used in) operating activities | 10,269,139 | (12,559,754) |
Cash flows from investing activities | ||
Additions in property, plant and equipment | (2,808,500) | (3,692,724) |
Additions in intangible assets | (109,053) | (5,771) |
Proceeds from disposal of property, plant and equipment | 80,930 | 6,933 |
Short term loans to related parties - net | (6,048,596) | 1,197,190 |
Purchase of long term investments | (349,290) | (545,396) |
Purchase of short term investments | (4,726,409) | (730,309) |
Proceeds from short term investments | 5,199,991 | 6,882,051 |
Profit on loans and saving accounts received | 913,552 | 2,439,171 |
Dividend income received | 1,835,326 | 347,763 |
Increase in long term advances and deposits - net | (3,877,990) | (2,547,802) |
Net cash (used in) / generated from investing activities | (9,890,039) | 3,351,106 |
Cash flows from financing activities | ||
Proceeds from long term finances | 2,000,000 | |
Repayment of long term finances | (2,752,867) | (2,505,007) |
Repayment of lease liabilities | (51,327) | (49,491) |
Dividend paid | (8,918,537) | (5,768,353) |
Repayment of short term loans from related parties | (1,626,307) | |
increase in short term finances - net | 8,929,G8B | 12,853,604 |
Net cash (used in) / generated from financing activities | (2,793,043) | 4,904,446 |
Net decrease in cash and cash equivalents | (2,413,943) | (4,30#,202) |
Cash and cash equivalents at the beginning of the period | (6,789,351) | 7,094,g65 |
Cash and cash equivalents at the end of the period | (9,203,294) | 2,790,663 |
Cash and cash equivalents comprises of following: | ||
Cash and bank balances | 2,465,555 | 3,306,106 |
Running finance | (11,668,849) | (515,443) |
Cash and cash equivalents at the end of the period | (9,203,294) | 2,790,663 |
FATIMA FERTILIZER COMPANY LIMITED CONDENSED INTERIM CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT JuNE 30, 2025
Un audited Audited
June 30, 2025 December 31, 2024
(Rupees in thousand)
Un audited Audited
June 30, 2025 December 31, 2024
(Rupees in thousand)
EQUITY AND LIABILITIES CAPITAL AND RESERVES | ASSETS NON CURRENT ASSETS | ||
Authorized share capital | Property, plant and equipment | 108,211,972 | 110,850,155 |
3,700,010,000 (December 31, 2024: 3,700,010,000) | Intangible assets | 253,707 | 195,113 |
shares of Rs 10 each
Issued, subscribed and paid up share capital
_ 37,000,100 37,000,100 Investment property
163,154 163,607
208,628,833 111,208,875
2,100,000,000 (December 31, 2024: 2,100,000,000)
Long term investments
4,464,075
41,889,385
ordinary shares of Rs 10 each
Z1,000,OOD 21,000,000 Long term advances and deposits
10,715,279 7,529,582
Reserves
131,179,011 123,169,019
15,179,35449,418,967
152,179,011 144,169,019
NON CURRENT LIABILITIESLong term finances - secured
Subordinated redeemable preference Class A shares Lease liabilities
Deferred taxation Deferred liabilities
Long term advances and deposits
CURRENT LIABILITIESTrade and other payables Accrued finance cost Income tax payable
Short term finances - secured
Payable to Privatization Commission of Pakistan Unclaimed dividend
Current portion of long term IiaDilities
3,916,114 | 42,291,109 |
1,849,237 | 1,714,210 |
637,265 | 648,616 |
26,606,348 | 27,656,479 |
2,929,421 | 2 847,575 |
517,356 | 497,663 |
19,859,328 | 19,234,739 |
78,187,748 | 59,785,874 |
15,050,497 | 18,594,936 |
180,000 | 428,031 |
19,067,617 | 18,082,898 |
72,188,969 | 30,743,757 |
3,003,020 | 9,390,886 |
36,455,741
75,655,652
CURRENT ASSETS69,788,26D | 61,803,834 |
1,694,391 | 1,842,5 11 |
6,850,818 | 9,662,283 |
24,272,284 | 19,515,298 |
2,197,901 | 2,197,901 |
77,04 | 70,583 |
37,829,914 | 1,971,882 |
Stores and spares Stock in trade Trade debts
Short term loans to related parties
Advances, deposits, prepaymencs and other receivnhles Short term investments
Cash and bank balances
123,808,187
L60,627,842
CONTINGENCIES & COMMITMENTS
142,710,614
331,345,36697,064,292
316,888,963
207,537,179 156,261,121
331,345,366 316,888,963
hief Financial Officer
FATIMA FERTILIZER COMPANY LIMITED
CONDENSED INTERIM CONSOLIDATED STATEMENT OF PROFIT OR LOSS (UN AUDITED) FOR THE SIX MONTHS ENDED JUNE 3D, 2025
Three months ended Six months ended
June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024
(Rupees in thousand)
Sales | 63,940.992 | 42,338,513 | 115.900,784 | 108.377,827 |
Cost of sales | (42,970,275) | (26,171,262) | (73,962,523) | (64,772,101) |
Gross profit | 20,970,717 | 16,167,251 | 41,938,261 | 43,605,726 |
Selling and distribution expenses | (4,138,165) | (3,137,252) | (8,204,070) | (6,545,927) |
Administrative expenses | (2,637,684) | (2,470,364) | (5,186,394) | (5,107,101) |
14,174,868 | 10,559,635 | 28,547,797 | 31,952,698 | |
Finance cost | (2,005,379) | (809,962) | (3,906,795) | (1,631,775) |
Other operating expenses | (1,726,462) | (1,651,344) | (2,797,830) | (7,563,768) |
10,443,027 | 8,098,329 | 21,843,17Z | 22,757,155 | |
Other income | 3,510,446 | 2,125,473 | 5,727,755 | 4,429,969 |
Share of profit from associates | 573 | 1,637 | 573 | 1,637 |
Other losses: | ||||
- Unwinding of provision for GIDC | (16,676) | (48,937) | ||
- Loss allowance on subsidy receivable from GoP | (627,648) | |||
(16,676) | (676,58b) | |||
Profit before tax | 13,954,046 | 10,208,763 | 27,571,500 | 26,512,176 |
Taxation | (5,393,641) | (5,018,921) | (10,636,508) | (12,928,737) |
Profit for the period | 8,560,405 | 5,189,842 | 16,934,992 | 13,583,439 |
Earnings per share - basic and diluted (Rupees) | 4.08 | 2.47 | 8.06 | 6.47 |
FATIMA FERTILIZER COMPANY LIMITED
CONDENSED INTERIM CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (UN AUDITED) FOR THE SIX MONTHS ENDED JUNE 30, 2025
Three months ended Six months ended
June 30, 2025 June 30, 2024 June 30, 2025 June 30, 2024
(Rupees in thousand)
Profit for the period | 8,560,405 | 5,189,842 | 16,934,992 | 13,583,439 |
Other comprehensive income | ||||
Total comprehensive income for the period | 8,560,405 | 5,189,842 | 16,934,992 | 13,583,439 |
FATIMA FERTILIZER COMPANY LIMITED
CONDENSED INTERIM CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE SIX MONTHS ENDED JUNE 30, 2025
Ordinary share capital | Capital reserve | Revenue reserve | Post retirement benefit obligation reserve | Total |
Share premium | Unappropriated profit |
(Rupees in thousand)
Balance as at December 31, 2023 (Audited) | 21,000,000 | 1,790,000 | 96,933,972 | (338,342) | 119,385,630 |
Profit for the period | 13,583,439 | 13,583,439 | |||
Other comprehensive income | |||||
Total comprehensive income | 13,583,439 | 13,583,439 | |||
Transaction with owners: | |||||
- Final dividend for the year ended December 31, 2023 @ Rs 2.75 per share | (5,775,000) | (5,775,000) | |||
Balance as at June 30, 20Z4 (Un audited) | 21,000,000 | 1,790,000 | 104,742,411 | (338,342) | 127,194,069 |
Balance as at December 31, 2024 (Audited) | 21,000,000 | 1,790,000 | 121,778,767 | (399,748) | 144,169,019 |
Profit for the period | 16,934,992 | 16,934,992 | |||
Other comprehensive income | |||||
Total comprehensive income | 16,934,992 | 16,934,992 | |||
Transaction with owners: |
- Final dividend for the year ended December 31, 2024 @ Rs 4.25 per share
Balance as at June 30, 2025 (Un audited)
21,000,000
1,790,000
(8,925,000) 1Z9,7B8,759
(399,748)
(8,925,000)
152,179,011
ief Financial Officer
FATIMA FERTILIZER COMPANY LIMITED
CONDENSED INTERIM CONSOLIDATED STATEMENT OF CASH FLOWS (UN AUDITED)
FOR THE SIX MONTHS ENDED JUNE 30, 2025June 30, 2025 June 30, 2024
(Rupees in thousand)
Cash flows from operating activities | ||
Cash generated from / (used in) operations | 23,700,655 | (1,104,096) |
Increase in long term advances and deposits - net | 19,693 | 48,657 |
Finance cost paid | (3,957,631) | (1,698,419) |
Taxes paid | (14,498,104) | (10,532,241) |
Employee retirement benefits paid | (200,007) | (70,865) |
Net cash generated from / (used in) operating activities | 5,064,606 | (13,356,964) |
Cash flows from investing activities | ||
Additions in property, plant and equipment | (3,317,648) | (3,703,059) |
Additions in intangible assets | (109,053) | (5,771) |
Proceeds from disposal of property, plant and equipment | 81,181 | 6,933 |
Short term loans to related parties - net | 248,031 | 1,197,190 |
Purchase of long term investments | (349,290) | (545,396) |
Purchase of short term investments | (4,726,409) | (730,310) |
Proceeds from short term investments | 5,461,369 | 6,882,051 |
Profit on loans and saving accounts received | 266,827 | 2,449,757 |
Dividend income received | 1,840,820 | 350,655 |
Increase in long term advances and deposits - net | (4,017, 100) | (2,547,754) |
Net cash (used in) / generated from investing activities | (4,621,272) | 3,354,296 |
Cash flows from financing activities | ||
Proceeds from long term finances | 136,231 | 2,000,000 |
Repayment of long term finances | (2,752,867) | (2,564,905) |
Repayment of lease liabilities | (53,013) | (42,397) |
Dividend paid | (8,918,537) | (5,768,353) |
Repayment of short term loans from related parties | (1,626,307) | |
Increase in short term finances - net | 9,081,538 | 13,362,689 |
Net cash (used in) / generated from financing activities | (2,506,648) | 5,360,727 |
Net decrease in cash and cash equivalents | (2,063,314) | (4,641,941) |
Cash and cash equivalents at the beginning of the period | (6,741,279) | 7,225,634 |
Cash and cash equivalents at the end of the period | (8,804,593) | 2,583,693 |
Cash and cash equivalents comprises of following: | ||
Cash and bank balances | 3,003,020 | 3,686,189 |
Running finance | (11,807,613) | (1,102,496) |
Cash and cash equivalents at the end of the period | (8,804,593) | 2,583,693 |