Karachi: Fauji Fertilizer Company Ltd. (FFC) released its second-quarter financial results for the calendar year 2026, revealing a decrease in earnings but an increase in both revenue and payout ratio. The company reported unconsolidated earnings of PkR24.4 billion, or PkR16.9 per share, marking a 3% year-over-year decline from PkR25.2 billion, or PkR17.5 per share, in the same period last year. This decline was primarily attributed to reduced dividend income.

According to AKD Securities Limited, FFC's revenue rose by 14% year-over-year to PkR104.3 billion, driven by a 37% increase in Urea offtakes and higher prices across nutrients. Despite the revenue growth, gross margins shrank slightly to 33.1% from 33.7% in the same period last year, likely due to increased phos-acid prices amid the Middle East conflict. Alongside the results, FFC announced an interim cash dividend of PkR14.5 per share, with a payout ratio reaching a four-year high of 86%.