The Hub Power Company Limited (HUBC) will announce its 1QFY25 financial result on 30th Oct’24. The company is expected to post a profit after tax of PKR 19.3bn (EPS: PKR 14.9) in 1QFY25, compared to PKR 17.1bn (EPS: PKR 13.2) during 1QFY24 (+13.0 % YoY).

Sales are expected to decrease by 14.4% due to lower dispatches from Narowal Energy and Thar Energy Limited (TEL). Gross profit is expected to settle at PKR 16.8bn compared to PKR 16.7bn in SPLY, a meagre growth of 0.5% YoY.

Finance costs are projected to arrive at PKR 5.7bn in the outgoing quarter (-19.1% YoY) due to the fall in interest rates and decline in borrowings. The share of profit is anticipated to rise by 2.7% YoY amid higher profitability from associate companies.

We expect the company to announce a cash dividend of PKR 2.00/share along with the result.