Hub Power Company Limited (HUBCO) reported a 35% decline in profit, falling to PKR 13.28 billion for the quarter ended September 30, 2025, mainly due to lower income.
According to a notice sent to the Pakistan Stock Exchange (PSX) on Thursday, the company had posted a profit of PKR 20.31 billion during the same period last year.
During the quarter, the earnings per share (EPS) dropped to PKR 8.96, compared to PKR 14.74 in the corresponding period of the previous year. HUBCO also announced an interim cash dividend of PKR 5 per share (50%) for the first quarter ending September 30, 2025.
The company’s revenue from customer contracts fell by 46% to PKR 17.4 billion, compared to PKR 32.04 billion in the same period last year.
Meanwhile, the cost of sales decreased by around 30%, amounting to PKR 9.8 billion. As a result, HUBCO’s gross profit declined by 58% to PKR 7.59 billion, with a gross margin of 43.6%, down from 56.3% last year.
On a positive note, the company’s other income rose by 26%, reaching PKR 1.3 billion, compared to PKR 1 billion in the same quarter of the previous year.
The power producer’s operating profit stood at PKR 8.2 billion, reflecting a 56% decrease.
HUBCO’s finance costs fell sharply by 54% to PKR 2.5 billion. Meanwhile, the company earned PKR 10.8 billion in profits from associated companies and projects, marking a slight 4% increase.
Overall, the company’s pre-tax profit stood at PKR 16.45 billion, showing a 30% decline, while tax payments rose by 7%, reaching PKR 3.17 billion.
