Engro Fertilizers’ Profit Declines Sharply in Q1 2025

Engro Fertilizers Limited announced a profit after tax (PAT) of Rs2.90 billion for the first quarter, which concluded on March 31, 2025. This represents a substantial decrease of 63% compared to the Rs7.76 billion reported during the corresponding period last year. The company’s consolidated financial results were disclosed to the Pakistan Stock Exchange (PSX) on Tuesday.

The company has declared a cash dividend of Rs2.25 per share for the first quarter of calendar year 2025.

The earnings per share (EPS) for the quarter reached Rs2.17, down from Rs5.81 in the same quarter of the prior year.

Key Financial Figures

Net sales for the period totaled Rs30.29 billion, reflecting a 58% decrease compared to the Rs73.78 billion recorded in the first quarter of the previous year.

The cost of sales amounted to Rs19.60 billion, a 65% reduction from the Rs56.59 billion seen in the Jan-Mar period of 2024.

Consequently, the gross profit for the company was Rs10.68 billion, down from Rs17.20 billion in the equivalent period of the preceding year.

Selling and distribution expenses for Engro Fertilizers were Rs3.22 billion, compared to Rs4.39 billion during the same timeframe last year.

Administrative expenses for the company were reported as Rs1.24 billion, slightly higher than the Rs1.10 billion in the first quarter of 2024.

The finance cost saw a significant increase of 580%, reaching Rs1.09 billion, compared to Rs160.5 million in the same period of 2024.

The profit before tax for the company was Rs4.9 billion, as opposed to Rs12.11 billion in the first quarter of 2024.