The Hub Power Company Limited (HUBC) is set to announce its 1HFY25 financial results on Feb 26th, 2025. We anticipate the company to report consolidated earnings of PKR 30,938mn (EPS: PKR 23.85) for 1HFY25, depicting a 5% YoY decrease compared to SPLY.

For 2QFY25, we expect a consolidated profit after tax of PKR 11,813mn (EPS: PKR 9.11), reflecting a 24% YoY decline compared to PKR 15,618mn (EPS: PKR 12.04) in SPLY. Topline is projected to decline by 32% YoY in 2QFY25 due to the termination of the Power Purchase Agreement for the Hub base plant. However, other income is expected to increase by 11% YoY.

Due to lower interest rates, finance costs for 2QFY25 are forecasted to decrease by 41% year over year, settling at PKR 4,103mn. Additionally, the share of profit for 2QFY25 is expected to increase by 6% year over year, reaching PKR 11,193mn compared to PKR 10,565mn in SPLY. We also anticipate an interim cash dividend of PKR 4.00/share for 2QFY25.

Courtesy – AHL Research