• Engro Fertilizers Limited (EFERT) today unveiled its financial results for 9MCY25, posting a consolidated profit after Tax (PAT) of PKR 14,274mn (EPS: PKR 10.69), down 21% YoY. On a quarterly basis, the profitability declined by 32% YoY, settling at PKR 5,811mn (EPS: PKR 4.35). Additionally, EFERT announced a cash dividend of PKR 4.50/share (PKR 11.00/share in 9MCY25).

Result Highlights

• Net sales in 9MCY25 clocked in at PKR 135,454mn, down 21% YoY primarily due to a fall in urea and DAP dispatches by 8.4% and 52% YoY, respectively, along with discounts offered on urea. Furthermore, the top-line during 3QCY25 descended by 7% YoY, which is mainly due to lower urea price/bag and significant lower DAP dispatches.
• Distribution costs rose 28% YoY to PKR 5,320mn in 3QCY25, driven by a 26% YoY increase in urea dispatches.
• Other income increased by 40% YoY settling at PKR 534mn in 3QCY25.
• EFERT has cash and equivalent of PKR 4.8bn in Sep’25 vis-à-vis PKR 3.55bn in Jun’25.
• Finance costs dipped slightly by 1% YoY to PKR 1,262mn in 3QCY25, pending further clarification from management.
• As of Sep’25, EFERT’s short-term borrowings reached PKR 28.1bn compared to PKR 30.5bn in Jun’25.
• The company booked effective taxation at 39% in 3QCY25, the same as in 3QCY24.

Courtesy – AHL Research