Fauji Fertilizer Company Limited (PSX: FFC) has announced its financial results for the year ending December 31, 2024, reporting a consolidated profit after tax (PAT) of Rs. 85.5 billion, marking an impressive 80 percent increase compared to Rs. 47.4 billion in the previous year.

The company declared a final cash dividend of Rs. 21 per share (210 percent) for the year, in addition to interim dividends already paid at Rs. 15.5 per share (155 percent), which were later revised to Rs. 13.86 per share (138.6 percent) following a merger.

The significant rise in profitability is attributed to contributions from the FFBL Plant Site Bin Qasim, record investments, and higher dividends. The company’s net sales surged by 127 percent to reach Rs. 411 billion in 2024, while gross margins stood at 34.9 percent for the year.

Other income also saw a substantial increase of 65 percent, reaching Rs. 27 billion, while the company’s finance costs rose to Rs. 7.85 billion during the same period. FFC paid a total of Rs. 55 billion in taxes in 2024.

The company reported earnings per share (EPS) of Rs. 60.10 for the year. Despite the strong financial performance, FFC’s stock price at the Pakistan Stock Exchange (PSX) was trading at Rs. 390.96, down 1.93 percent or Rs. 7.71, with a turnover of 7.89 million shares on Wednesday.