Fauji Fertilizer Company Limited (PSX: FFC)

Fauji 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	225,705	181,382	125,678	114,345	102,744	109,817
Revenue Growth (YoY)	54.45%	44.32%	9.91%	11.29%	-6.44%	0.35%
Cost of Revenue	131,983	104,551	75,995	72,994	68,306	77,040
Gross Profit	93,722	76,832	49,683	41,352	34,438	32,777
Selling, General & Admin	18,803	13,807	11,226	9,098	8,263	8,866
Other Operating Expenses	8,518	5,445	3,047	2,962	2,648	2,381
Operating Expenses	27,321	19,252	14,273	12,060	10,911	11,247
Operating Income	66,401	57,580	35,410	29,292	23,527	21,530
Interest Expense	-5,767	-5,950	-5,497	-2,589	-2,326	-3,279
Interest & Investment Income	11,559	11,559	4,085	3,632	3,998	4,477
Earnings From Equity Investments	23,687	11,237	12,440	10,155	8,297	-379.32
Currency Exchange Gain (Loss)	885.35	885.35	766.11	234.45	72.55	235.61
Other Non Operating Income (Expenses)	-852.71	-4,168	-2,688	-2,554	-666.76	447.44
EBT Excluding Unusual Items	95,912	71,142	44,517	38,170	32,902	23,032
Gain (Loss) on Sale of Investments	3,290	3,290	6,055	1,995	698.09	399.59
Gain (Loss) on Sale of Assets	95.05	95.05	62.13	34.93	40.8	158.6
Other Unusual Items	-	-	-	9,709	5,927	-
Pretax Income	99,297	74,527	50,634	49,909	39,567	23,590
Income Tax Expense	34,927	27,075	16,263	10,045	9,816	6,256
Earnings From Continuing Operations	64,370	47,452	34,371	39,865	29,751	17,334
Net Income to Company	64,370	47,452	34,371	39,865	29,751	17,334
Minority Interest in Earnings	-1,023	-941.09	-625.47	4.61	-	-
Net Income	63,347	46,511	33,745	39,869	29,751	17,334
Net Income to Common	63,347	46,511	33,745	39,869	29,751	17,334
Net Income Growth	62.53%	37.83%	-15.36%	34.01%	71.63%	5.45%
Shares Outstanding (Basic)	1,272	1,272	1,272	1,272	1,272	1,272
Shares Outstanding (Diluted)	1,272	1,272	1,272	1,272	1,272	1,272
Shares Change (YoY)	0.00%	-	-	-	-	-
EPS (Basic)	49.79	36.56	26.52	31.34	23.38	13.62
EPS (Diluted)	49.79	36.56	26.52	31.34	23.38	13.62
EPS Growth	62.53%	37.83%	-15.36%	34.01%	71.63%	5.45%
Free Cash Flow	66,996	56,318	1,181	19,546	34,859	22,801
Free Cash Flow Per Share	52.66	44.27	0.93	15.36	27.40	17.92
Dividend Per Share	23.580	15.490	12.130	14.500	11.200	10.800
Dividend Growth	71.62%	27.70%	-16.34%	29.46%	3.70%	22.03%
Gross Margin	41.52%	42.36%	39.53%	36.16%	33.52%	29.85%
Operating Margin	29.42%	31.74%	28.18%	25.62%	22.90%	19.61%
Profit Margin	28.07%	25.64%	26.85%	34.87%	28.96%	15.78%
Free Cash Flow Margin	29.68%	31.05%	0.94%	17.09%	33.93%	20.76%
EBITDA	70,154	61,691	39,345	32,755	26,671	24,638
EBITDA Margin	31.08%	34.01%	31.31%	28.65%	25.96%	22.43%
D&A For EBITDA	3,754	4,111	3,934	3,464	3,144	3,108
EBIT	66,401	57,580	35,410	29,292	23,527	21,530
EBIT Margin	29.42%	31.74%	28.18%	25.62%	22.90%	19.61%
Effective Tax Rate	35.17%	36.33%	32.12%	20.13%	24.81%	26.52%

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