FATIMA: Fatima Fertilizer Company Ltd. (FATIMA) recently conducted an analyst briefing to discuss its financial performance and future strategies. The company reported earnings of Rs28.9 billion, equating to an EPS of Rs13.77 for the first nine months of the calendar year 2025. Management noted a rise in fertilizer sales, with urea inventory expected to decrease to approximately 700,000 tons by the end of 2025.

In a significant development, the allocation of gas from the MARI field to FATIMA’s Sheikhupura plant has been approved, with 52 million cubic feet per day (MMCFD) of processed gas set to be supplied from the Ghazij field. Additionally, a pressure enhancement project is in progress to ensure stable gas supplies. A planned plant turnaround at the Sadiqabad facility is scheduled for 2026.

On the mining front, FATIMA's management stated that projects are in the nascent stages and will be long-term. The company plans to conduct three to four years of exploration activities before assessing results to decide the next steps.

Regarding the potential acquisition of Pakistan International Airlines (PIA), management noted that the consortium partners, including FATIMA, have yet to finalize the participating entities and their respective shareholdings. These details will be disclosed once a formal decision is made.