Fertiliser companies’ earnings rise in 2025

Published
0
A farmer disperses fertiliser in a rice paddy field on the outskirts of Lahore. — AFP/File
A farmer disperses fertiliser in a rice paddy field on the outskirts of Lahore. — AFP/File

KARACHI: Pakistan’s listed fertiliser sector recorded the profitability of Rs141.1 billion in 2025, up by 10 per cent year on year (YoY) due to an increase in urea offtakes, higher other income, and lower other charges.

The net sales of the sector clocked in at Rs981.6bn in 2025, up by 7pc YoY amid higher Urea and DAP off takes, Muhammad Abdul Rafay of Top Line Securities said.

During 2025, Urea offtakes soared by two per cent YoY with 6.7 million tonnes, whereas, while DAP off takes decreased by 18pc YoY with 1.34m tons during the period, he said.

The gross margins of the sector slightly declined to 31pc in 2025, mainly due to discounts offered by companies.

The sector’s finance cost rose by 9pc YoY, reaching Rs24.8bn in 2025.

Moreover, fertiliser sector companies disbursed Rs111.8bn, up 72pc YoY, to their shareholders as dividends during 2025.

Rafay expects the industry to remain stable, supported by the strong urea demand and seasonal agricultural activities. Similarly, the margins are expected to ease with the rollback of dealer discounts coupled with normalisation in urea inventory levels, he said.

Published in Dawn, March 14th, 2026

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Muddled hierarchy
Updated 15 Nov, 2026

Muddled hierarchy

The jurisdiction of the two courts and a mechanism for settling disputes between them should be spelt out in law, not left to judges to fight over.
Growing crisis
Updated 15 Nov, 2026

Growing crisis

Calling population growth a national emergency is easy. Ensuring that the response reaches the people who need it is the real challenge.
Organised rackets
15 Nov, 2026

Organised rackets

ON the International Day against Transnational Organised Crime, observed today, Pakistan finds itself in a tight...
Referendum talk
Updated 14 Nov, 2026

Referendum talk

Unless the PPP is deliberately using Sindh as a bargaining chip, it should issue a clarification with a clear, consistent position on new administrative units, not one tailored to protect its home turf.
Mineral wealth
Updated 14 Nov, 2026

Mineral wealth

Minerals should not be presented as a solution to Pakistan’s long-term economic difficulties. The aim should be to build an industrial base rather than export raw materials.
Late diagnosis
14 Nov, 2026

Late diagnosis

AS we mark World Diabetes Day today, Pakistan faces a troubling question: how many people are living with diabetes...