External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

Fauji Fertilizer Company / Equity Bottom-Up

<ul><li>Fauji Fertilizer (FFC) conducted its Corporate Briefing Session for 1Q2026 today where management discussed financial performance and outlook.</li><li>Sulphur and Urea exports impacted the most by 50% and 34% due to the closure of Strait of Hormuz. To recall, 60mn tons of Fertilizers are exported out of the Middle East including 45mn tons through Strait of Hormuz.</li><li>100k production loss of fertilizers reported due to the disrupted supply of gas/RLNG in last 1-1.5 months including 50k impact for FFBL's Port Qasim plant. However, management confirms that high initial inventory levels have successfully mitigated this impact.</li></ul>

Fauji Fertilizer (FFC) conducted its Corporate Briefing Session for 1Q2026 today where management discussed financial performance and outlook.Sulphur and Urea exports impacted the most by 50% and 34% due to the closure of Strait of Hormuz. To recall, 60mn tons of Fertilizers are exported out of the Middle East including 45mn tons through Strait of Hormuz.100k production loss of fertilizers reported due to the disrupted supply of gas/RLNG in last 1-1.5 months including 50k impact for FFBL's Port Qasim plant. However, management confirms that high initial inventory levels have successfully mitigated this impact.

トップライン速報：ファウジ肥料会社（FFC）：企業概要説明の要点