KASB Securities has released its 2024 report analyzing the financial performance of Fauji Foundation companies listed on the Pakistan Stock Exchange (PSX). According to the report, the analyzed companies recorded a 149% return against the KSE-100 benchmark index over the past three years. Mari Petroleum's market capitalization has reached 1 trillion rupees on the PSX.
The report indicates combined net earnings of Rs767 billion, representing a 17% year-on-year increase. Mari Petroleum recorded earnings of Rs59 billion since September 2022, while FFC reported Rs54 billion during the same period. Askari Bank and FCCL distributed bonus shares worth Rs3.6 billion and Rs2.5 billion respectively.
Return on equity figures show FFBL averaging 16% over four quarters, up from 6% in 2022. Mari Petroleum maintained 9% ROE over four quarters, while FFC improved to 17% from its previous 14% in 2022. FCCL maintained a steady 3% ROE throughout the measured period.
The report documents several operational developments across the companies. FCCL has expanded its cement production capacity to 10.6 million tons annually. The company is also working on solar power capacity expansion, targeting 67.5 megawatts. Mari Petroleum has acquired two new exploration licenses, while FFL has recorded its fifth consecutive quarter of profit.
FFC leads the annual revenue growth at 43%, followed by Askari Bank at 21% and Fauji Fertilizer Limited at 20%. The companies have shown consistent growth in their respective sectors, with Mari Petroleum and FFC emerging as the most stable profit-generating entities among the analyzed companies.
