KARACHI – The Hub Power Company Limited (PSX: HUBCO) announced its financial results for the first quarter ended September 30, 2025, showcasing a period of significant strategic transition. While profit remained largely flat, the sources of its earnings underwent a dramatic shift. The Board of Directors declared an interim cash dividend of Rs. 5.0 per share (50%).
The Company reported a standalone profit after tax of PKR 7.89 billion for the quarter, a marginal increase of 1.4% compared to PKR 7.79 billion in the same period last year. This stability was achieved despite a complete erosion of its core revenue from contracts with customers, which fell to zero from PKR 13.11 billion last year.
The standout performance came from dividend income, which skyrocketed to PKR 8.10 billion, a staggering 1,520% increase from the PKR 500 million received in Q1 2024. This now constitutes the primary source of the company’s earnings.
Basic and diluted earnings per share (EPS) stood at PKR 6.09, slightly up from PKR 6.00 last year. A significant reduction in finance costs provided a major boost, falling by 93.6% to PKR 120 million from PKR 1.88 billion, as the company deleveraged its balance sheet.
The more comprehensive consolidated results, which include the performance of HUBCO’s subsidiaries and joint ventures, tell a broader story. Consolidated profit after tax attributable to the holding company was PKR 11.63 billion (EPS: PKR 8.96), which, while substantial, represents a 39.2% decrease from the PKR 19.13 billion (EPS: PKR 14.74) earned in the prior year. This decline is primarily due to lower contributions from its power plants.
The company’s financial position remains robust, with consolidated cash and bank balances at a healthy PKR 28.90 billion.
The results underscore HUBCO’s successful pivot towards an investment-led model, leveraging its stakes in various power projects to generate stable dividend flows, even as the operational contribution from its own assets changes.
The Hub Power Company Limited is a public company listed on the Pakistan Stock Exchange and is one of Pakistan’s largest independent power producers. The company has expanded its footprint through investments in various power projects, including coal-fired, renewable energy, and LNG-based power generation.
