External broker reports(aggregated public sources), Topline Securities

Topline Securities

External broker reports(aggregated public sources)

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<ul><li>Engro Fertilizers (EFERT) announced its 2Q2025 financial result today, wherein the company recorded consolidated quarterly profit of Rs5.6bn (EPS: Rs4.17), up 234% YoY and 92% QoQ.</li><li>This takes 1H2025 earnings to Rs8.5bn (EPS: Rs6.34), down 10% YoY.</li><li>Net sales of the company increased by 28% YoY and 66% QoQ at Rs50bn in 2Q2025 due to increase in Urea and DAP offtakes and higher prices.</li></ul>

Engro Fertilizers (EFERT) announced its 2Q2025 financial result today, wherein the company recorded consolidated quarterly profit of Rs5.6bn (EPS: Rs4.17), up 234% YoY and 92% QoQ.This takes 1H2025 earnings to Rs8.5bn (EPS: Rs6.34), down 10% YoY.Net sales of the company increased by 28% YoY and 66% QoQ at Rs50bn in 2Q2025 due to increase in Urea and DAP offtakes and higher prices.

Engro Fertilizers (EFERT): 2Q2025 EPS At Rs4.17, Up 3.3x YoY (Earnings In Line With Industry Expectations)

<ul><li>Pakistan Urea sales in May-2025 is expected to clock in at 418k tons, up 5% YoY and expected to recover by 67% MoM due to the onset of Kharif season.</li><li>5M2025 offtake is down 31% YoY mainly due to weak farm economics and water shortage, with closing inventory of Urea at 1.36mn tons, the highest in 96 months.</li><li>Engro Fertilizers (EFERT) has the highest inventory of 619k tons, followed by Fauji Fertilizer Company (FFC) at 359k tons, and FATIMA at 319k tons.</li></ul>

Pakistan Urea sales in May-2025 is expected to clock in at 418k tons, up 5% YoY and expected to recover by 67% MoM due to the onset of Kharif season.5M2025 offtake is down 31% YoY mainly due to weak farm economics and water shortage, with closing inventory of Urea at 1.36mn tons, the highest in 96 months.Engro Fertilizers (EFERT) has the highest inventory of 619k tons, followed by Fauji Fertilizer Company (FFC) at 359k tons, and FATIMA at 319k tons.

Pakistan Fertilizers: Urea sales for May-2025 at 418K tons, up 5% YoY; Inventory at 96 months high

<ul>
<li>Engro Fertilizers (EFERT) reported a consolidated quarterly profit of Rs2.9bn (EPS: Rs2.17), marking a 63% decrease YoY but exceeded expectations due to higher-than-expected gross margins.</li>
<li>The company declared a cash dividend of Rs2.25/share, aligning with market expectations, and achieved gross margins of 35% in 1Q2025, attributed to the absence of costly imported urea and stable gas prices.</li>
<li>Significant declines were observed in net sales and other income, while finance cost saw a substantial increase due to short-term borrowings.</li>
</ul>


Engro Fertilizers (EFERT) reported a consolidated quarterly profit of Rs2.9bn (EPS: Rs2.17), marking a 63% decrease YoY but exceeded expectations due to higher-than-expected gross margins.
The company declared a cash dividend of Rs2.25/share, aligning with market expectations, and achieved gross margins of 35% in 1Q2025, attributed to the absence of costly imported urea and stable gas prices.
Significant declines were observed in net sales and other income, while finance cost saw a substantial increase due to short-term borrowings.


Engro Fertilizers (EFERT): 1Q2025 EPS at Rs2.17, down 63% YoY (earnings higher than expectations)

<ul><li>Engro Fertilizers (EFERT) announced its 4Q2024 financial result today, wherein the company recorded a consolidated quarterly profit of Rs10.2bn (EPS: Rs7.7), down 8% YoY and up 20% QoQ.</li><li>This takes 2024 earnings to Rs28.2bn (EPS: Rs21.16) up 8% YoY.</li><li>Along with the results, the company also declared cash dividend of Rs8/share, in-line with market expectations. This takes total 2024 cash dividend to Rs21.50/share (payout 101%).</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Engro Fertilizers (EFERT) announced its 4Q2024 financial result today, wherein the company recorded a consolidated quarterly profit of Rs10.2bn (EPS: Rs7.7), down 8% YoY and up 20% QoQ.This takes 2024 earnings to Rs28.2bn (EPS: Rs21.16) up 8% YoY.Along with the results, the company also declared cash dividend of Rs8/share, in-line with market expectations. This takes total 2024 cash dividend to Rs21.50/share (payout 101%).Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Engro Fertilizers (EFERT): 4Q2024 EPS at Rs7.7, down 8% YoY (earnings lower than expectations)

<ul><li>Engro Fertilizers (EFERT) announced its 3Q2024 financial result today, wherein the company recorded a consolidated quarterly profits of Rs8.5bn (EPS: Rs6.41), down 11% YoY and up 5.1x QoQ.</li><li>This takes 9M2024 earnings to Rs17.9bn (EPS: Rs13.47) up 20% YoY.</li><li>Along with the results, the company also declared cash dividend of Rs2.5/share, lower than market expectations of Rs5-6/share. This takes total 9M2024 cash dividend to Rs13.5/share (payout 100%).</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Engro Fertilizers (EFERT) announced its 3Q2024 financial result today, wherein the company recorded a consolidated quarterly profits of Rs8.5bn (EPS: Rs6.41), down 11% YoY and up 5.1x QoQ.This takes 9M2024 earnings to Rs17.9bn (EPS: Rs13.47) up 20% YoY.Along with the results, the company also declared cash dividend of Rs2.5/share, lower than market expectations of Rs5-6/share. This takes total 9M2024 cash dividend to Rs13.5/share (payout 100%).Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Engro Fertilizers (EFERT): 3Q2024 EPS at Rs6.41, down 11% YoY (earnings higher than expectations)

Pakistan

Engro Fertilizers Limited is a fertilizer manufacturing and marketing company with products that focus on balanced crop nutrition and increased yield.

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Engro Fertilizer (EFERT PA)

Engro Fertilizers (EFERT): 2Q2025 EPS At Rs4.17, Up 3.3x YoY (Earnings In Line With Industry Expectations)

Engro Fertilizers (EFERT) announced its 2Q2025 financial result today, wherein the company recorded consolidated quarterly profit of Rs5.6bn (EPS:...

Topline Securities

Pakistan Fertilizers: Urea sales for May-2025 at 418K tons, up 5% YoY; Inventory at 96 months high

Pakistan Urea sales in May-2025 is expected to clock in at 418k tons, up 5% YoY and expected to recover by 67% MoM due to the onset of Kharif...

Topline Securities

Engro Fertilizers (EFERT): 1Q2025 EPS at Rs2.17, down 63% YoY (earnings higher than expectations)

Engro Fertilizers (EFERT) reported a consolidated quarterly profit of Rs2.9bn (EPS: Rs2.17), marking a 63% decrease YoY but exceeded expectations...

Topline Securities

Engro Fertilizers (EFERT): 4Q2024 EPS at Rs7.7, down 8% YoY (earnings lower than expectations)

Engro Fertilizers (EFERT) announced its 4Q2024 financial result today, wherein the company recorded a consolidated quarterly profit of...

Topline Securities

Engro Fertilizers (EFERT): 3Q2024 EPS at Rs6.41, down 11% YoY (earnings higher than expectations)

Engro Fertilizers (EFERT) announced its 3Q2024 financial result today, wherein the company recorded a consolidated quarterly profits of...

Topline Securities

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