Fatima Fertilizer Company Limited (PSX: FATIMA)

Fatima Fertilizer Company Income Statement

Financials in millions PKR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	258,533	235,423	159,745	112,488	71,267	74,964
Revenue Growth (YoY)	41.48%	47.37%	42.01%	57.84%	-4.93%	46.10%
Cost of Revenue	170,155	161,501	107,159	69,404	42,473	47,065
Gross Profit	88,378	73,922	52,586	43,084	28,795	27,899
Selling, General & Admin	22,119	18,552	14,009	8,949	7,259	6,579
Other Operating Expenses	8,722	4,365	4,542	2,193	1,346	1,207
Operating Expenses	30,841	22,918	18,552	11,142	8,605	7,786
Operating Income	57,537	51,005	34,034	31,943	20,189	20,113
Interest Expense	-2,936	-4,122	-2,852	-1,752	-3,076	-3,412
Interest & Investment Income	3,174	3,174	1,699	1,153	1,310	934.36
Earnings From Equity Investments	-5.79	-1.4	-68.41	-0.35	26.8	24.69
Currency Exchange Gain (Loss)	-1,613	-1,613	-959.59	-6.21	-331.48	-273.24
Other Non Operating Income (Expenses)	2,620	-256.16	-638.25	-708.43	209.94	-259.75
EBT Excluding Unusual Items	58,776	48,186	31,215	30,629	18,330	17,127
Gain (Loss) on Sale of Investments	2,483	2,483	-828.33	-86.71	412.05	64.64
Gain (Loss) on Sale of Assets	-3.52	-3.52	-74.35	2.89	1.11	1.39
Asset Writedown	-1,770	-1,770	-	-2,360	-	-
Other Unusual Items	-	-	562.22	-	-	-
Pretax Income	59,485	48,896	30,874	28,185	18,743	17,193
Income Tax Expense	28,128	25,887	16,161	9,711	5,468	5,123
Net Income	31,358	23,008	14,714	18,474	13,275	12,070
Net Income to Common	31,358	23,008	14,714	18,474	13,275	12,070
Net Income Growth	122.54%	56.37%	-20.35%	39.17%	9.98%	1.31%
Shares Outstanding (Basic)	2,100	2,100	2,100	2,100	2,100	2,100
Shares Outstanding (Diluted)	2,100	2,100	2,100	2,100	2,100	2,100
EPS (Basic)	14.93	10.96	7.01	8.80	6.32	5.75
EPS (Diluted)	14.93	10.96	7.01	8.80	6.32	5.75
EPS Growth	122.54%	56.37%	-20.35%	39.17%	9.98%	1.31%
Free Cash Flow	25,090	49,224	-3,720	20,568	14,523	-3,849
Free Cash Flow Per Share	11.95	23.44	-1.77	9.79	6.92	-1.83
Dividend Per Share	5.500	4.500	3.500	3.500	2.500	2.000
Dividend Growth	4.76%	28.57%	0%	40.00%	25.00%	14.29%
Gross Margin	34.18%	31.40%	32.92%	38.30%	40.40%	37.22%
Operating Margin	22.26%	21.67%	21.31%	28.40%	28.33%	26.83%
Profit Margin	12.13%	9.77%	9.21%	16.42%	18.63%	16.10%
Free Cash Flow Margin	9.70%	20.91%	-2.33%	18.28%	20.38%	-5.14%
EBITDA	71,174	61,836	39,269	36,920	22,901	22,805
EBITDA Margin	27.53%	26.27%	24.58%	32.82%	32.13%	30.42%
D&A For EBITDA	13,638	10,832	5,235	4,978	2,711	2,692
EBIT	57,537	51,005	34,034	31,943	20,189	20,113
EBIT Margin	22.25%	21.66%	21.31%	28.40%	28.33%	26.83%
Effective Tax Rate	47.28%	52.94%	52.34%	34.45%	29.17%	29.80%
Advertising Expenses	-	1,223	914.23	481.97	372.69	350

Source: S&P Capital IQ. Standard template. Financial Sources.