External broker reports(aggregated public sources), Topline Securities

Topline Securities

Topline Securities is one of the fastest growing brokerage houses in Pakistan. It has strong equity brokerage, economic / equity research, mutual fund distribution, commodity trading and corporate finance & advisory functions. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Equity Bottom-Up

Fauji Fertilizer Company / Equity Bottom-Up

<ul><li>Fauji Fertilizer Company (FFC) announced its 2Q2025 financial result today, wherein the company recorded highest ever unconsolidated quarterly profit of Rs25.2bn (EPS: Rs17.7), up 62% YoY and 90% QoQ.</li><li>The 2Q2025 result came higher than industry expectations primarily due to higher-than-expected Other Income.</li><li>Along with the results, the company also declared its second interim cash dividend of Rs12/share, which was higher than our and industry expectations.</li></ul>

Fauji Fertilizer Company (FFC) announced its 2Q2025 financial result today, wherein the company recorded highest ever unconsolidated quarterly profit of Rs25.2bn (EPS: Rs17.7), up 62% YoY and 90% QoQ.The 2Q2025 result came higher than industry expectations primarily due to higher-than-expected Other Income.Along with the results, the company also declared its second interim cash dividend of Rs12/share, which was higher than our and industry expectations.

Fauji Fertilizer Company (FFC): 2Q2025 EPS at Rs17.7, Up 62% YoY (Earnings Higher Than Industry Expectations)