External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>Engro Fertilizers (EFERT) announced its 3Q2025 financial result today, wherein the company recorded a consolidated quarterly profits of Rs5.8bn (EPS: Rs4.35), down 32% YoY and up 4% QoQ.</li><li>This takes 9M2025 earnings to Rs14.3bn (EPS: Rs10.68), down 21% YoY.</li><li>Along with the results, the company also declared cash dividend of Rs4.50/share, lower than industry expectations. This takes total 9M2025 cash dividend to Rs11.0/share (payout 103%).</li></ul>

Engro Fertilizers (EFERT) announced its 3Q2025 financial result today, wherein the company recorded a consolidated quarterly profits of Rs5.8bn (EPS: Rs4.35), down 32% YoY and up 4% QoQ.This takes 9M2025 earnings to Rs14.3bn (EPS: Rs10.68), down 21% YoY.Along with the results, the company also declared cash dividend of Rs4.50/share, lower than industry expectations. This takes total 9M2025 cash dividend to Rs11.0/share (payout 103%).

Engro Fertilizers (EFERT): 3Q2025 EPS at Rs4.35, Down 32% YoY (Earnings Lower Than Expectations)