Hub Power FY26 Profit Hits Rs. 50 Billion on Stronger BYD Contribution

HUB Power Firm Limited (PSX: HUBC) noted a profit after tax (PAT) of Rs.

Key points

• The company's effective tax rate (ETR) was recorded at 1.4 percent in 4QFY26, compared with 18.8 percent in the same period last year.
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• 16.5 billion, up 39 percent year-on-year (YoY) and 53 percent quarter-on-quarter (QoQ).
• TEL and TNPL maintained utilization levels of 83 percent and 79 percent, respectively.
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HUB Power Firm Limited (PSX: HUBC) noted a profit after tax (PAT) of Rs. 48.6 billion for fiscal year 2026, up 8 percent from Rs. 46 billion a year earlier, with higher contributions from BYD/Prime helping backing earnings.

Meanwhile, the company's fourth-quarter profit rose to Rs. 16.5 billion, up 39 percent year-on-year (YoY) and 53 percent quarter-on-quarter (QoQ).

HUBC's share of profit from associates stood at Rs. 13 billion during 4QFY26, compared with Rs. 11 billion in the same quarter last year. According to Arif Habib Limited (AHL), the growth was driven by higher contributions from BYD/Prime. $150 Million BYD Plant to Start Production in Pakistan Shortly.

In practice, the solid quarterly performance was driven mainly by a 22 percent rise in gross profit, backed by a higher period-weighting factor for the Lalpir Energy Limited (LEL) plant.

Meanwhile, a lower effective tax rate additionally backed earnings as tax obligations were largely recognised in the previous quarter.

HUBC declared a cash dividend of Rs. 5 per share for the quarter. The payout is projected to be backed by dividend income, with the company's dividend income during the quarter standing at Rs. 0.55 billion, compared with Rs. 0.42 billion in the same quarter last year.

HUBC's consolidated revenue rose 10 percent YoY to Rs. 20.5 billion, mainly due to higher plant utilisation.

While CHPGC additionally operated at a higher 29 percent utilisation rate after disruptions and seasonal demand, nEL's utilisation rose to 17 percent in 4QFY26 from 3 percent in 4QFY25.

Meanwhile, TEL and TNPL maintained utilization levels of 83 percent and 79 percent, respectively. LEL's utilization additionally climbed sharply to 75 percent from 52 percent in the same quarter last year.

Finance costs declined 18 percent YoY during the quarter, backed by continued loan repayments related to CPEC investments and the impact of lower interest rates.

Systems Limited Profit Rises 17% to Rs. 6.05 Billion in H1 2026.

For context, the company's effective tax rate (ETR) was recorded at 1.4 percent in 4QFY26, compared with 18.8 percent in the same period last year. HUBC at present trades at 5.2 times AHL's FY27 estimated earnings. Stay Connected with ProPakistani.

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Taken together, the developments around hub Power FY26 Profit Hits Rs. 50 Billion on Stronger BYD Contribution point to a situation that is still moving, and the coming days should bring more clarity.