Karachi: The Board of Directors of The Hub Power Company Limited convened on February 26, 2025, to review and approve the un-audited financial results for the half-year ending December 31, 2024. The board announced an interim cash dividend of Rs. 5 per share, representing a 50% payout. The entitlement is set for shareholders listed in the Register of Members on March 10, 2025.

Transfers must be submitted by close of business on March 10, 2025, to be eligible for the dividend. The Share Transfer Books will be closed from March 11 to March 13, 2025. The dividend will be distributed by the company's Share Registrar, FAMCO Share Registration Services (Pvt) Limited.

The company's unaudited standalone financial results for the period revealed a revenue from contracts with customers of Rs. 13.21 billion, compared to Rs. 19.91 billion in the same period the previous year. The cost of revenue amounted to Rs. 4.37 billion, resulting in a gross profit of Rs. 8.84 billion.

Dividend income during the period totaled Rs. 8.82 billion, an increase from the previous year's Rs. 7.25 billion. General and administrative expenses were reported at Rs. 335.79 million, and other income was Rs. 231.70 million.

According to information available from the Pakistan Stock Exchange (PSX), the company's profit from operations for the period stood at Rs. 16.99 billion, with finance costs of Rs. 2.80 billion. Profit before taxation was Rs. 14.19 billion, and after accounting for taxation of Rs. 590.67 million, the profit for the period was Rs. 13.60 billion.

The consolidated financials showed revenue of Rs. 47.54 billion and a gross profit of Rs. 24.43 billion. General and administration expenses were Rs. 1.04 billion, with distribution and marketing expenses reported at Rs. 495.53 million.

The company's consolidated profit from operations was Rs. 21.61 billion, and after finance costs of Rs. 9.56 billion, the profit before taxation was Rs. 32.22 billion. Taxation for the period amounted to Rs. 6.43 billion, leaving a profit for the period of Rs. 25.79 billion.

The earnings per share for the half-year were Rs. 10.49 on a standalone basis and Rs. 17.99 on a consolidated basis. The company's financial performance reflects its position in the electricity sector, a designated market category on the PSX.