Fauji Fertilizer Co. Ltd.PSX: FFC

Financial Results for the Year Ended 31 Dec 2025

· Issued by Fauji Fertilizer Co. Ltd.


CORPORATE AFFAIRS DEPARTMENT

To The General Manager

Pakistan Stock Exchange Limited

UNDER SEALED COVER

Ref No. 6.12-PSX/S/FFC

January 29, 2026

Stock Exchange Building, Stock Exchange Road

Karachi - Fax No. 021-111-573-329 E-mail: info@psx.com.pk

Director / HOD (Offsite-II Department)

Supervision Division

Securities and Exchange Commission of Pakistan 63, NIC Building, Jinnah Avenue, Blue Area,

Islamabad - Fax No. 051-9100454 E-mail: info@secp.pov.pk Subject: Financial Results for the Year Ended December 31, 2025 Dear Sir,

  1. We have to inform you that the Board of Directors of our Company in their Meeting held on 29/01/2026 at 1030 hours at Rawalpindi recommended the following:-

    1. Cash Dividend. A final Cash Dividend for the year ended December 31, 2025 at Rs. 8.50 per share i.e. 85%. This is in addition to Interim Dividends already paid at Rs. 28.50 per share i.e. 285%.

    2. Bonus Shares. NIL

    3. Riaht Shares. NIL

    4. Anv other Entitlement / Corporate Action. NIL

    5. Anv other orice sensitive information. NIL

  2. The Financial Statements of the Company are attached as Annexure 'A'.

  3. Financial Performance. The fertilizer market was oversupplied for most of the year, driven by adverse climate conditions, irregular crop yields, and farm economics, leading to higher industry-wide inventory levels. However, the Company's effective measures allowed it to remain lowest inventory carrying company in the entire year.

    The Company achieved net profitability of PKR 73.6 billion, translating into PKR

    51.7 earnings per share. Higher dividend income of PKR 22.4 billion from

    FAUJI FERTILIZER COMPANY LIMITED

    SONA TOWER, 156 THE IVALL, RAWALPINDI - PAKISTAN P.O.BOX 253

    TEL: +92 (51) 8450001, 8453101 UAN +92 (51) ^.11-332-111, FAX +92 (51) 8458831

    Web: www ffc com.nkEmeil: secretarvtfBffc.com.pk



    CORPORATE AFFAIRS DEPARTMENT

    subsidiaries and associates alongwith investment income of PKR 17.4 billion was the key contributor to financial performance.

    Aggregate urea production stood at 2,903 thousand tonnes, while DAP output was recorded at 837 thousand tonnes, with average capacity utilization of 112% and 124% respectively. Combined urea offtake reached 2,886 thousand tonnes and DAP stood at 834 thousand tonnes during the year.

    The Company continued to play a key role in supporting the National Exchequer, contributing PKR 110.1 billion in taxes and levies, up from PKR 94.1 billion last year. Additionally, locally produced fertilizers enabled foreign exchange savings of approximately USD 1.2 billion through import substitution.

  4. The Annual General Meeting of the Company will be held on 16/03/2026 at 1100 hours.

  5. The recommended entitlement will be paid to the shareholders whose names will appear in the Register of Members on March 08, 2026. The Share Transfer Books of the Company will be closed from March 09, 2026 to March 16, 2026 (both days inclusive). Transfers received at the 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 March 08, 2026 will be treated in time for the purpose of above entitlement to the transferees.

  6. The Annual Report of the Company will be transmuted through PUCARS at least

21 days before holding of Annual General Meeting.

o pany S, retary

Brig K r iah éa (Retd)

M-IS FFC



FAUJI FERTILIZER COMPANY LIMITED

SONA TOWER, 156 THE MALL, RAWALPINDI - PAKISTAN P.O.BOX 253

TEL: +92 (51) 8450001, 84531Q1 UAN +92 (51) 111-332-111, FAX +92 (51) 8458831

Web: yvww.ffccock Email: secretarvtBffc com.ek

FAUJI FERTILIZER COMPANY LIMITED STATEMENT OF FINANCIAL POSITION AS AT DECEMBER 31, 2025

Annexure A- page 1 of 8

Share capital

14,231,086

14,231,086

Property, plant and equipment

76,550,175

58,210,729

Capital reserves

28,000,080

28,000,080

Intangible assets

1,591,378

1,571,651

Revenue reserves

Long term investments

79,070,285

76,780,298

General reserves

8,802,360

8,802,360

Long term loans and advances - secured

4,529,993

1,785,266

Unappropriated profit 84,496,584

80,T49,891

Long term deposits and prepayments

91,021

91,874

93,298,944

89,552,251

161,832,852

138,439,818

EQUITY AND LIABILITIES EQUITY AND RESERVES

2025 Z0I4

(Rupees '000)

ASSETS

NON - CURRENT ASSETS

2025 2024

(Rupees '000)



Surplus on remeasurement of investments to fair value - net

NON - CURRENT LIABILITIES

Long term borrowings - secured Deferred taxation

Compensated leave absences

11,050,000

6,900,000

194,053,067

186,051,998

940,275

923,406

18,594,647

31,278,908

850,812

662,885

15,206,397

17,887,555

CURRENT LIABILITIES

53,415 96,700 135,583,525 131,880,117

50,250,000

31,300,000

7,911,767

7,452,030

3,044,643

2,614,823

61,206,410 41,366,853

15,566,472

14,027,639

38,229,377

23,744,157

20,153,212

943,632

5,682,181

4,617,195

1,058,747

1,058,628

5,163,143

17,746,496

181,455,741

203,982,113

8,343,408

12,392,044

CURRENT ASSETS

Current portion of long term borrowings - secured

Stores, spares and loose tools

Trade and other payables

Stock in trade

Mark-up and profit accrued

Trade debts

Short term borrowings - secured

Loans and advances - secured

Unclaimed dividend

Deposits and prepayments

Provision for taxation

Other receivables

240,695,198

243,704,752

Short term investments

Cash and bank balances

275,652,281 278,511,904

TOTAL LIABILITIES

TOTAL EQUITY AND LIABILITIES

301,901,608 285,071,605

37 1 416,951,722 TOTAL ASSETS

37 33 416,951,722

FAUJI FERTILIZER COMPANY LIMITED STATEMENT OF PROFIT OR LOSS

FOR THE YEAR ENDED DECEMBER 31, 2025

Annexure A- page 2 of 8

2025 2024

(Rupees '000)

Turnover - net

432,410,443

373,536,920

Cost of sales

(301,799,729)

(246,364,351)

GROSS PROFIT

130,610,714

127,172,569

Distribution cost

(32,338,831)

(29,363,654)

98,271,883

97,808,915

Finance costs



(6,517,974)

(6,523,895)

Other losses

- Unwinding of GIDC liability



(212,406)

- Loss allowance on subsidy receivable from GoP

(1,203,000)

- Impairment loss on investment in a subsidiary

(4,000,000)

-

(5,415,406)

Other expenses

(10,733,568)

(9,988,622)

Other income

39,843,744

35,231,337

PROFIT BEFORE INCOME TAX AND FINAL TAX

120,864,085

111,112,329

Final taxes - levies

(8,405)

(2,028,474)

PROFIT BEFORE INCOME TAX

120,855,680

109,083,855

Provision for taxation

(47,291,413)

(44,352,416)

PROFIT FOR THE YEAR

73,564,267

64,731,439

Earnings per share - basic and diluted (Rupees)

51.69

45.49

FAUJI FERTILIZER COMPANY LIMITED STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED DECEMBER 31, 2025

C ital e e es

Revenue reserves

Annexure A- page 3 of 8

(Deficit)/ surplus on

Share capital

Share premium

Capital redemption reserve

Merger reserve

General

reserves

Unappropriated

profit

remeasurement of investments to fair value - net

Total

(Rupees '000)

Balance as at January 1, 2024

12,722,382



40,000





120,000



8,802,360

40,272,228



(104,460)

61,852,510

Transactions pursuant to merger of FFBL

Issuance of shares as consideration



1,508,704

1,508,704

Merger reserve



27,840,080





27,840,080

Total comprehensive income for the year





1,508,704



27,840,080

29,348,784

Profit for the year





-

64,731,439



64,731,439

Other comprehensive income - net of tax

-



682,093

201,160

883,253

Transactions with owners of the Company

-

65,413,532

201,160

65,614,692

Distributions:

Final dividend 2023: Rs 4.10 per share

(5,216,177

(5,216,177)

First interim dividend 2024: Rs 5.50 per share

(6,997,310

(6,997,310)

Second interim dividend 2024: Rs 10 per share

(12, 722,382)

(12,722 382)

(24,935,869)

(24,935,869)

Balance as at December 31, 2024



14,231,086





40,000





120,000





27,840,080





8,802,360

80,749,891

96,700

131,880,117

Total comprehensive income for the year

Profit for the year



73,564,267



73,564,267

Other comprehensive income/ (loss) - net of tax



626,307

(43,285}

583,022

Transactions with owners of the Company

74,190,574

(43,285)

74,147,289

Distributions:

Final dividend 2024: Rs 21.00 per share

(29,885,283)

(29,885,283)

First interim dividend 2025: Rs 7.00 per share



(9,961,761)



(9,961,761)

Second interim dividend 2025: Rs 12.00 per share

(17,077,304)

(17,077,304)

Third interim dividend 2025: Rs 9.50 per share

(13,519,533)

t13,519,533

(70,443,881)

(70,443,881)

Balance as at December 31, 2025



14,231,086



40,000



120,000



27,840,080



8,fl02,360

84,496,584

53,415

135,583,525

FAUJI FERTILIZER COMPANY LIMITED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED DECEMBER 31, 2025

CASH FLOWS FROM OPERATING ACTIVITIES

Cash generated from operations Finance cost paid

Income taxes paid Levies paid

Net cash generated from operating activities

CASH FLOWS FROM INVESTING ACTIVITIES

Fixed capital expenditure

Proceeds from disposal of property, plant and equipment Proceeds from disposal of investment property Investment in Fauji Fresh n Freeze Limited

Investment in Agritech Limited Loan to Agritech Limited

Investment in OLIVE Technical Services (Private) Limited Other investments - net

Interest and profit received Dividend received

Annexure A- page 4 of 8

2025 2024

(Rupees '000)

93,364,120 159,563,509

(6,501,105)

(49,885,586)

(6,346)

(7,441,365)

(44,508,737)

(1,208,555)

(12,136,171)

62,341

855,958

(5,000,000'

(10,992,049)

(80,000)

2,145,801

3,283,618

10,828,748

(23,579,289)

73,598

(3,858,798)

(1,318,294)

2,178,248

1,658,708

22,417,021

56,393,037) (53,158,657) 36,971,083 106,404,852

Net cash (used in)/ generated from investing activities

CASH FLOWS FROM FINANCING ACTIVITIES

Long term financing:

(2,428,806)

(11,031,754)

Draw-downs

30,000,000

20,000,000

Repayments

(6,900,000)

(19,178,333)

Repayment of lease liabilities

(18,147)

Dividend paid

(70,255,954)

(24,927,681)

Net cash (used in) financing activities

(47,155,954)

(24,124,161)

Net (decrease)/ increase in cash and cash equivalents

(12,613,677)

71,248,937

Cash and cash equivalents at beginning of the year

176,715,058

79,766,068

Effect of exchange rate changes

(792,384)

(249,807)

Acquisition of cash and cash equivalents pursuant to merger

-

25,949,860

Cash and cash equivalents at end of the year

163,308,997

176,715,058

FAUJI FERTILIZER COMPANY LIMITED

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AS AT DECEMBER 31, 2025

Annexure A- page 5 of 8

EQUITY AftD LIABILITIES EQUITY AND RESERVES

2025 2024

(Rupees '000)

ASSETS

NON - CURRENT ASSETS

2025 2024

(Rupees '000)

Share capital

14,231,086

14,231,086

Property, plant and equipment

132,494,031

116,419,750

Capital reserves

44,630,739

41,335,049

Intangible assets

2,037,672

1,990,233

Revenue reserves

Long term investments

146,225,194

124,629,228

General reserves

8,802,360

8,802,360

Long term loans and advances - secured

4,529,993 1,785,266

Unappropriated proft



184,276,548

172,169,158

Long term deposits and prepayments

146,962 135,045

Surplus on re-measurement of

193,078,908

180,971,518

285,433,852 244,959,522

investments to fair value - net

7,559,791

4,132,721

Share in revaluation reserve of associates - net

366,742

297,678

Non-controlling interest

4,937,686

3,922,535

264,804,952

244,890,587

NON - CURRENT LIABILITIES

Long term borrowings - secured Lease liabilities

Deferred government grant Deferred taxation Compensated leave absences

CURRENT LIABILITIES

Current portion of long term borrowings - secured Current portion of lease liabilities

Current portion of deferred government grant Trade and other payables

Mark-up and profit accrued Short term borrowings - secured Unclaimed dividend

Provision for taxation

TOTAL LIABILITIES

50,817,992

32,491,030

396,531

290,770

48,222

73,400

35,930,184

30,721,809

3,398,553

2,958,960

90,591,482 66,535,969

11,636,683

7,417,960

105,626

60,377

25,058

30,810

206,886,556

196,832,347

987,536

980,779

22,009,674

38,340,517

851,778

663,851

15,398,817

17,930,211

257,901,728 262,256,852

348,493,210 328,792,821

GURRENTASSETS

Stores, spares and loose tools Stock in trade

Trade debts

Loans and advances - secured Deposits and prepayments Other receivables

Short term investments Cash and bank balances

18,100,523

16,187,525

45,350,440

29,698,865

33,901,558

15,315,117

7,554,482

6,715,734

1,515,730

1,398,914

8,442,339

21,016,416

199,033,962

222,415,276

13,965,276

15,976,039

327,864,310 328,723,886

TOTAL. EQUITY AND LIABILITIES

13 2 2 573,683,408 TOTAL ASSETS

1 2 162 573,683,408

FAUJI FERTILIZER COMPANY LIMITED CONSOLIDATED STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED DECEMBER 31, 2025

Turnover - net Cost of sales GROSS PROFIT

Administrative and distribution expenses

Annexure A- page 6 of 8

2025 2024

(Rupees '000)

483,807,560 411,254,410

(334,927,990) (267,509,156) 148,879,570 143,745,254

(38,085,058) (31,986,143)

110,794,512

111,759,111

Finance costs

(7,115,236)

(7,852,760)

Other losses

- Unwinding of GIDC liability

-

(212,406)

- Loss allowance on subsidy receivable from GoP

-

(1,203,000)

(1,415,406)

Other expenses

(11,241,113)

(10,305,414)

Other income

18,675,087

27,030,585

Share of profit of associates and joint venture PROFIT BEFORE INCOME TAX AND LEVIES

Final and minimum taxes - levies PROFIT BEFORE INCOME TAX

Provision for taxation PROFIT FOR THE YEAR

ATTRIBUTABLE TO:

Equity holders of Fauji Fertilizer Company Limited Non - controlling interest

Earnings per share - basic and diluted (Rupees)

25,188,663 23,723,249 136,301,913 142,939,365

(120,144) (2,349,820) 136,181,769 140,589,545

(51,235,462) (55,064,201)

84,946,307 85,525,344

83,170,819 84,379,493

1,775,488 1,145,851

84,946,307 85,525,344

58.44 59.29



FAUJI FERTILIZER COMPANY LIMITED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2025

CASH FLOWS FROM OPERATING ACTIVITIES

Cash generated from operations Finance cost paid

Income tax paid Levies paid

Annexure A- page 8 of 8

2025 2024

(Rupees '000)

111,479,414 183,664,281

(7,027,990)

(8,766,265)

(50,782,957)

(44,865,859)

(117,623)

(1,599,437)

Net cash generated from operating activities

CASH FLOWS FROM INVESTING ACTIVITIES

53,550,844

128,432,720

Fixed capital expenditure

Proceeds from disposal of property, plant and equipment

Proceeds from disposal of investment property

Investment in Agritech Limited

Loan to Agritech Limited

Other investments - net

Interest and profit received

Dividend received

Net cash (used in) investing activities

(13,192,148)

(14,986,188)

(57,928,570) (55,231,561)

(26,076,843)

(13,759,186)

176,641

112,695

855,958

(3,858,798)

(10,992,049)

(1,318,294)

-

2,178,248

2,145,802

2,337,449

3,400,965

13,369,449

3,249,627

CASH FLOWS FROM FINANCING ACTIVITIES

Long term borrowings:

Draw-downs Repayments

Repayment of lease liabilities Dividend paid

Net cash (used in) financing activities

Net (decrease) / increase in cash and cash equivalents

30,003,164

20,311,867

(7,457,479)

(30,099,850)

(172,815)

(85,614)

(71,010,880)

(25,739,051)

(48,638,010) (35,612,648) (8,279,314) 77,833,884

Cash and cash equivalents at beginning of the year

191,619,934

86,315,120

Effect of exchange rate changes

(854,486)

(263,891)

Acquisition of cash and cash equivalents pursuant to merger

-

27,734,821

Cash and cash equivalents at end of the year 182,486,134 191,619,934

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