Hub Power Company Ltd (HUBC) announced its 2QFY26 results earlier today, reporting consolidated NPAT of PkR10.6bn (EPS: PkR8.19), up by 152% YoY — below expectations due to a lower-than-anticipated share of profit from associates. The company also announced a quarterly cash payout of PkR5.0/sh, bringing half-year payouts to PkR10.0/sh, up 100% YoY.

·         Consolidated revenue for the quarter clocked in at PkR16.7bn, up 8% YoY vs PkR15.5bn in SPLY. Notably, the company’s gross margins stood at 46%, compared to 41% in SPLY.

· Notably, the sharp increase in the bottom line during the quarter is due to the absence of impairment losses due to amendments in PPA agreements, with the company writing off PkR2.6bn during Dec’24.

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Courtesy- AKD Research