Fauji Fertilizer Company Limited expects the urea market to remain positive in the coming months, although rising phosphoric acid costs are likely to increase DAP prices, company management said during a corporate briefing session. The company also clarified that it is not considering a stock split at this stage.

FFC reported a 9% year-on-year increase in net profit for the first half of 2026, with earnings rising to Rs41.8 billion from Rs38.5 billion a year earlier. Revenue grew 28% to Rs199.6 billion, while gross profit increased 19% to Rs63.7 billion. Other income remained largely unchanged at Rs28.2 billion.

Fertilizer operations remained the company's largest earnings contributor, generating Rs22.9 billion, or 55% of total net profit, compared with Rs18.4 billion in the same period last year. Dividend income contributed Rs13.6 billion, while investment income totaled Rs5.3 billion.

On a consolidated basis, group revenue increased to Rs230 billion from Rs182 billion, while group net profit rose to Rs42.4 billion from Rs38 billion. Subsidiaries and associated companies contributed Rs16.4 billion, led by Askari Bank and the power business.

FFC strengthened its market position during the period, with its urea market share increasing to 56% from 48% a year earlier. The company's urea sales climbed 25% to 1.404 million tonnes, supported by higher sales of both Sona Urea (P) and Sona Urea (G). Industry-wide urea sales increased 7% to 2.512 million tonnes.

The company also expanded its presence in the DAP market, where its market share rose to 65% from 63%. DAP sales increased 11% to 318,000 tonnes, supported by growth in both locally produced and imported DAP products.

As of June 2026, shareholders' equity and reserves increased to Rs153.1 billion, while long-term borrowings rose to Rs85.8 billion. Inventory levels also increased, primarily due to higher DAP stock. Total investments stood at Rs284.2 billion, while the company's debt-to-equity ratio increased to 32:68 from 27:73 at the end of 2025.