Karachi: Fauji Fertilizer Company Limited (FFC) and Engro Fertilizers Limited (EFERT) are forecasted to experience a decline in earnings per share (EPS) for the second quarter of the calendar year 2026, despite an increase in revenue. FFC is expected to report an EPS of Rs15.9, marking a 9% year-over-year decrease, attributed to rising finance costs and reduced other income, despite a 15% increase in topline revenue.

According to JS Global, FFC will report a significant 37% year-over-year growth in urea sales volume, although this is counterbalanced by a substantial 31% decline in diammonium phosphate (DAP) sales volume. Meanwhile, EFERT is anticipated to post an EPS of Rs2.1, representing a 49% decrease compared to the same period last year. This decline is primarily due to weaker volumetric sales, elevated finance costs, and diminished other income. The company's market share for urea and DAP has decreased to 18% and 9%, respectively, as a result of increased pricing.

Both FFC and EFERT are expected to declare quarterly dividends, with FFC projected to announce a dividend of Rs12 per share and EFERT Rs2.0 per share, which are considered decent in relation to their earnings performance.