AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: Engro Fertilizers Ltd. (EFERT) held its analyst briefing today to discuss its financial performance for the first nine months of calendar year 2025, revealing a decline in earnings primarily due to reduced sales volumes of urea and DAP.
The company reported earnings of PKR 14.3 billion, translating to an earnings per share (EPS) of PKR 10.7. This marks a 21% decrease compared to the same period last year, when earnings were PKR 18.0 billion (EPS: PKR 13.5).
Despite the drop in earnings, EFERT’s gross margins improved to 32.8%, up from 22.3% in the same period last year. The company attributed this improvement to the absence of the EnVen turnaround and the impact of high-cost imported urea sales in the previous year.
The briefing also highlighted a decline in industry-wide demand for urea and DAP, which fell by 8% and 15% year-on-year, respectively, during the nine-month period. However, EFERT’s urea sales showed a notable improvement in the third quarter, increasing by 21% year-on-year to 1,854 thousand tons.
The rise in urea sales has helped ease inventory levels, which stood at 1,142 thousand tons at the end of September 2025, down from 1,309 thousand tons at the end of June 2025.
The briefing provided insights into the company’s performance and future prospects, amid a challenging market environment for fertilizers.