Karachi April 28 2025: Hub Power Company is likely to skip the cash payout this quarter due to capital expenditure requirements related to establishing BYD production facility, says report published by AKD Securities.
“We do not expect the company to announce a cash dividend, given the ongoing opex/capex related to the establishment of BYD’s production facility, anticipated to be commissioned by 1HFY26” states Muhammad Ali research analyst at AKD Securities.
AKD Securities expect Hub Power Company Ltd (HUBC) to post NPAT of PkR10.6bn (EPS: PkR8.18) for 3QFY25, down 38%YoY.
“The earnings decline is primarily attributable to: i) lower topline following the termination/renegotiation of the PPA for the base plant and NEL, respectively, ii) decline in share of profits, due to one-off gains in SPLY, iii) discontinuation of foreign debt repayment component for Laraib Energy Ltd (LEL) effective Dec’24, and iv) higher admin/distribution expenses during the quarter.” states Ali in report.
