Engro Fertilizer Limited (EFERT): 1QCY25 EPS clocked-in at PKR 2.2, DPS PKR 2.3 - By Foundation Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Engro Fertilizer Limited (EFERT PA) posted a profit of PKR 2.9Bn (EPS PKR 2.2) in 1QCY25, against profit of PKR 10.8Bn (EPS PKR 8.1) in 1QCY24, undergoing a decrease of 73% YoY. The results are higher than our expectations due to higher gross margins.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Result is also accompanied by an interim cash dividend of PKR 2.3/sh.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">In 1QCY25, PAT decreased 73/42% YoY/QoQ. The decline is due to 1) 58/71% YoY decline in Urea/DAP offtake, 2) 12% YoY jump in admin expenses despite lower sales, and 3) 6.8x YoY incline in finance cost. Profitability declined QoQ because of lo...