KARACHI:
Pakistan’s listed fertiliser sector posted a web revenue of Rs141.1 billion in calendar yr 2025, up 10% in comparison with the earlier yr, pushed primarily by increased urea offtake, improved different revenue and decrease different fees.
Within the fourth quarter alone, earnings of the business reached Rs38.1 billion, down 2% year-on-year (YoY) and up 3% quarter-on-quarter (QoQ).
In keeping with a report ready by Topline Analysis on Friday, web gross sales of the fertiliser sector got here in at Rs981.6 billion in 2025, which was 7% increased amid enhanced urea and di-ammonium phosphate (DAP) offtake. In This autumn, the income rose 8% YoY and 41% QoQ to Rs361 billion.
Through the yr underneath evaluation, urea purchases edged up 2% to six.7 million tons, whereas DAP shopping for decreased by a considerable 18% to 1.34 million tons. Nonetheless, within the Oct-Dec quarter, urea provides soared 26% YoY and 36% QoQ to a complete of two.5 million tons.
The business’s gross margins barely dropped to 31% in 2025 primarily as a result of reductions supplied by corporations. Equally, margins fell to 27% in 4Q2025 as in comparison with 29% in 4Q2024 and 32% in 3Q2025. Amongst fertiliser companies, Engro Fertilisers supplied a reduction of Rs300 to Rs400 per bag whereas Fauji Fertiliser Firm (FFC) supplied between Rs100 and Rs200 per bag in 4Q2025.
Different revenue of the listed corporations surged 20% to Rs24.8 billion in 2025. The YoY improve in different revenue was primarily as a result of FFC’s increased dividend revenue of Rs9 billion from vitality companies and Rs7 billion from Pakistan Maroc Phosphore (PMP). On a quarterly foundation, nevertheless, different revenue slipped 32% YoY and 23% QoQ to Rs10.7 billion in 4Q2025.
Different fees decreased 32% to Rs21.7 billion in 2025. Equally, the fees went down 40% YoY however rose 18% QoQ to Rs6.6 billion within the fourth quarter. The discount in fees got here primarily owing to the absence of FFC’s impairment price booked on funding and subsidy receivables.
