Fatima Fertiliser Company Ltd. (FATIMA) announced its 4QCY25 financial results, reporting consolidated earnings of PkR13.1bn (EPS: PkR6.3), down 3%YoY. Earnings came in lower than expectations, mainly due to lower-than-anticipated gross margins. Moreover, the company announced a final dividend of PkR2.5/sh, bringing the full-year CY25 dividend to PkR6.0/sh, according to a report released by AKD Research.

• Revenue increased by 13%YoY to PkR97.4bn in 4QCY25 from PkR85.9bn in SPLY, as 30%/86%YoY growth in urea and CAN sales outweighed the 17%/52% decline in NP and DAP offtakes, respectively.
• Gross margins declined to 31.1% from 31.5% in SPLY, likely due to lower offtakes from the base plant, which is a beneficiary of cheap gas.
• Other income clocked in at PkR3.5bn, down 42%YoY, due to lower investment yields.

Full Report
https://research.akdsl.com/639086492129401123.pdf