Karachi: The AKD Fertilizer Universe is set to increase its payout by 6.7 times year-on-year, even as it faces a 13% year-on-year decline in profitability for the third quarter of the calendar year 2025. According to a report by AKD Securities Limited, major players such as Fauji Fertilizer Company (FFC) and Engro Fertilizers (EFERT) are projected to announce dividends of PKR 11.0 per share and PKR 5.0 per share, respectively.

FFC’s profitability is expected to decrease by 11% compared to the previous year, attributed primarily to reduced dividend income. Meanwhile, EFERT and Fatima Fertilizer Company are anticipated to experience declines in earnings due to increased finance costs.

Despite these challenges, AKD Securities maintains its top stock picks as FFC and Engro Corporation, with target prices of PKR 597 per share by June 2026 and PKR 301 per share by December 2025, respectively.