HUBC Profit Falls 31% in FY25 Amid Lower Revenues and PPA Termination

September 03, 2025 —

The Hub Power Company Limited (PSX: HUBC) has announced its consolidated results for the year ended June 30, 2025, posting a sharp 31.2% decline in net profit, which dropped to Rs51.77 billion from Rs75.30 billion in FY24.

The fall in profitability was largely attributed to the early termination of the Hub plant’s power purchase agreement (PPA) and weaker revenue streams.

Key highlights of FY25 performance:

• Profit from Operations dropped by 43.5%, coming in at Rs38.04 billion versus Rs67.36 billion last year.
• Revenue from contracts with customers fell 36.1%, down to Rs83.35 billion from Rs130.5 billion in FY24.
• Gross profit slipped by 41.7%, despite lower cost of revenue.
• Finance costs decreased by 43%, recorded at Rs15.23 billion against Rs26.74 billion in the prior year.
• Share of profit from associates and joint ventures contracted by 16.3%.
• Tax expense for the year stood at Rs12.5 billion.

As a result, the company’s earnings per share (EPS) declined to Rs35.56, down 34.1% from Rs53.98 in FY24.

The results highlight the impact of structural changes in HUBC’s operations, particularly the loss of the Hub plant PPA, which weighed heavily on revenues and profitability.