Hinopak Motors turns profitable, EPS hits Rs18.59

January 28, 2026 (MLN): Hinopak Motors Limited (PSX: HINO) posted a profit after taxation of Rs460.95 million for the nine months ended December 31, 2025, reversing a loss of Rs84.21m in the same period last year.

Earnings per share (EPS) surged to Rs18.59, compared to a negative Rs3.40 in 9MFY25, showing a robust recovery in profitability.

The company’s revenue from contracts with customers increased 28.9% YoY to Rs8.55bn from Rs6.64bn, driven by improved demand for commercial vehicles.

Despite a 17.7% rise in cost of sales to Rs6.86bn, strong topline growth lifted gross profit to Rs1.69bn, more than doubling from Rs800.88m in the same period last year.

On the expense side, distribution costs rose 81.8% YoY to Rs530.75m, while administrative expenses increased modestly by 6.7% to Rs360.81m, showing higher operational activity.

Other income grew 86.8% YoY to Rs111.49m, while other expenses totaled Rs46.48m. A reversal of impairment on trade receivables and deposits of Rs4.41m further supported operating performance.

Consequently, operating profit surged 275% YoY to Rs867.98m.

Finance costs slightly declined 4.1% YoY to Rs234.98m, resulting in a profit before income tax and levies of Rs633.00m, compared to a negative Rs13.61m in 9MFY25.

After accounting for levy of Rs111.40m and income tax of Rs60.65m, the company closed the period with a net profit of Rs460.95m.

Overall, Hinopak Motors’ turnaround was driven by higher sales, strong gross profit growth, and growth in other income, partially offset by increased distribution expenses and levies.

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