HUBC 1QFY27 profit climbs 10%

October 28, 2026 (MLN): The Hub Power Company Limited (PSX: HUBC) reported a 10% increase in its consolidated net profit for the first quarter ended September 30, 2026 (1QFY27 / 3MFY27), reaching Rs14.62bn compared to Rs13.28bn recorded in the corresponding period of the previous fiscal year.

Alongside the financial results, the company announced Rs5 per share interim dividend for the period.

Reflecting the solid bottom-line expansion, basic and diluted earnings per share (EPS) attributable to the owners of the holding company expanded 10% to Rs9.86 for the three-month period, up from Rs8.96 in 3MFY26.

The primary catalyst supporting top-line performance was a 27% growth in net turnover, which expanded to Rs22.11bn against Rs17.40bn in 3MFY26.

Cost of revenue rose 44% to Rs14.11bn from Rs9.81bn, leading to a 5% increase in gross profit to Rs8bn compared to Rs7.59bn in the comparative quarter.

On the operational side, overhead costs remained tightly controlled.

General and administration expenses declined 4% to Rs436.02m, while other operating expenses decreased 44% to Rs161.64m.

Supported by other income of Rs1.47bn, up 12% from Rs1.32bn, profit from operations expanded 9% to Rs8.88bn compared to Rs8.16bn in the prior-year period.

Below the operating line, profitability was reinforced by lower financing costs and strong contributions from joint ventures and associates. Finance costs fell 13% to Rs2.17bn compared to Rs2.50bn in 3MFY26.

Share of profit from associates and joint ventures grew 18% to Rs12.72bn from Rs10.79bn. As a result, profit before taxation climbed 18% to Rs19.43bn.

After accounting for an income tax expense of Rs4.80bn up 51%, The Hub Power Company Limited securely closed the first quarter with a consolidated net profit of Rs14.62bn.

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