- Honda Atlas Cars (Pakistan) Limited (HCAR) announced its financial results for MY25 today. The company posted a PAT of PKR 2,709mn (EPS: PKR 18.97), representing a 16% Yoy increase.
- During 4QMY25, the company’s profitability was recorded at PKR 1,682mn (EPS: PKR 11.78), compared to a profit of PKR 1,370mn (EPS: PKR 9.60) in 4QMY24, up 23% year over year.
- Alongside the result, the company announced a final cash dividend of PKR 8.0/share in 4QMY25, bringing the payout to PKR 8.0/share in MY25.
- Net sales during MY25 stood at PKR 78,066mn, reflecting a 42% YoY increase from PKR 55,071mn in SPLY. On a quarterly basis, revenue rose by 11% YoY to PKR 27,653mn compared to PKR 24,918mn in SPLY, primarily driven by a 13% YoY increase in volumes to 5,682 units (Civic & City: 5,056 units; BR-V & HR-V: 626 units).
- Gross margins stood at 8.5% in MY25 compared to 8.2% in SPLY, supported by stable PKR parity and consistent steel prices.
- Other income surged by 125% YoY to PKR 370mn in 4QMY25, mainly due to short-term investments of PKR 4,942mn, contributing to a 4x YoY increase in cash and cash equivalents.
- Finance costs declined by 43% YoY to PKR 346mn in 4QMY25 from PKR 612mn in SPLY, mainly due to lower borrowings and a decline in interest rates.
- The company recorded a tax reversal of PKR 214mn in 4QMY25 compared to PKR 618mn in SPLY. The effective taxation for MY25 stood at 17.3% versus 15.2% in SPLY.
- Courtesy- AHL Research
