Karachi: A significant increase in profitability and payouts is projected for Pakistan's fertilizer sector in the fourth quarter of calendar year 2024, driven primarily by higher offtakes.

According to a statement by AKD Securities Limited, the AKD Fertilizer Universe's overall profitability is anticipated to rise by 50% compared to the same period last year. Payouts are projected to see a substantial surge of 153% year-on-year.

On a company level, earnings for FFC, EFERT, and FATIMA are expected to grow by twofold, 1%, and 46% year-on-year, respectively, in the fourth quarter. The final dividends for these companies are estimated at PkR27.0, PkR8.0, and PkR4.25 per share, respectively.

AKD Securities maintains a positive outlook on the fertilizer sector, reiterating a 'BUY' recommendation for FFC, EFERT, and FATIMA. The target prices for December 2025 are PkR583, PkR242, and PkR103 per share, respectively.