HUBC 1HFY26 profit up 8% on higher dividend income

February 24, 2026 (MLN): The Hub Power Company Limited (PSX:HUBC) reported a net profit of Rs14.64bn for the half year ended December 31, 2025, an 8% increase from the Rs13.60bn profit recorded in the same period last year.

The company's earnings per share rose to Rs11.29 from Rs10.49 in the corresponding period of the previous year while dividend is declared at Rs5 per share.

The company recorded nil revenue from contracts with customers in the current period compared to Rs13.21bn in H1 FY2025.

Correspondingly, cost of revenue was also nil compared to Rs4.37bn in the prior period.

Dividend income, which has become the company's primary revenue source, surged 80% to Rs15.92bn from Rs8.82bn in the prior period, reflecting strong dividend distributions.

 General and administration expenses declined sharply by 85% to Rs49m from Rs335.8m.

Other income dropped 59% to Rs95.7m from Rs231.7m, while other operating expenses declined 61% to Rs217.2m from Rs556.9m.

Profit from operations decreased 7% to Rs15.75bn from Rs17bn in H1 FY2025, as the sharp increase in dividend income was partially offset by the absence of operational gross profit.

Finance costs declined dramatically by 86% to Rs380.5m from Rs2.80bn, providing substantial relief as the company's debt levels decreased significantly following the business restructuring.

Profit before taxation reached Rs15.37bn, up 8% from Rs14.19bn in the prior period.

 The company recorded a taxation expense of Rs723.1m, up 22% from Rs590.7m in the corresponding period last year, though the modest increase in tax did not materially impact the profit growth.

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