HUMNL 1QFY27 profit falls 87%

October 30, 2026 (MLN): Hum Network Limited (PSX: HUMNL) recorded an 87% decline in its condensed interim consolidated net profit for the first quarter ended September 30, 2026 (1QFY27 / 3MFY27), posting Rs42.38m compared to Rs315.90m in the corresponding period of the previous fiscal year.

Alongside the financial results, an Interim Cash Dividend for the first quarter ended September 30, 2026 was given @Rs. 0.5per share of Rs. 1/- each i.e. 50%.

Reflecting the compressed bottom line, basic and diluted earnings per share (EPS) for the three-month period fell 86% to Rs0.04, down from Rs0.28 reported in 3MFY26.

Top-line revenue expanded 17% as net revenue reached Rs2.05bn compared to Rs1.76bn in 3MFY26.

However, a steeper 41% surge in production costs to Rs1.34bn (up from Rs950.44m), partially offset by a 28% drop in transmission costs to Rs78.80m, pushed total direct costs up 34% to Rs1.42bn.

Consequently, gross profit contracted 9% to Rs636.25m from Rs701.52m in the comparative quarter, pulling the gross profit margin down to 31% from 39.82% in 3MFY26.

On the operational side, overheads expanded as distribution costs grew 22% to Rs140.51m (up from Rs114.98m), administrative expenses remained largely flat at Rs384.85m, and other charges surged nearly three-fold to Rs190.44m from Rs66.94m.

Operational pressure was compounded by an 87% plunge in other income, which tumbled to Rs31.55m from Rs234.29m in the prior-year period.

Below the operating line, finance costs climbed 47% to Rs13.11m from Rs8.90m in 3MFY26.

Together with statutory levies/final tax of Rs6.14m, the company swung into a pre-tax loss of Rs67.25m compared to a profit before tax of Rs361.46m in 3MFY26.

However, the bottom line was steered back into positive territory by a tax credit/reversal of Rs109.62m (swinging from a tax charge of Rs45.57m in 3MFY26), enabling Hum Network Limited to conclude the first quarter with a net profit of Rs42.38m.

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