August 14, 2026
Honey Bun (1982) Limited (HONBUN)
Unaudited financials for the nine months ended June 30, 2026:
Honey Bun (1982) Limited (HONBUN) for the nine months ended June 30, 2026, reported a 14% increase in Gross Operating Revenue totalling $3.55 billion compared to $3.12 billion in the corresponding period last year. Gross Operating Revenue for the third quarter increased by 23% to $1.26 billion compared to $1.03 billion for the comparable quarter of 2025.
Cost of Operating Revenue amounted to $1.94 billion (2025: $1.67 billion), representing an increase of 16% year over year. Consequently, Gross Profit increased by 11% to $1.61 billion compared to $1.45 billion for the nine months ended June 30, 2025. Gross Profit for the third quarter amounted to $558.78 million, representing a 19% increase from $469.33 million reported for the corresponding quarter of 2025.
Gross Profit Margin declined to 45.4% from 46.4% in the prior year. Management noted that the decline was due mainly to inflationary pressures on raw materials, labour, utilities and other operating inputs.
Other Gains amounted to $2.15 million compared to $802,167 in 2025. Administrative Expenses increased by 22% to $858.25 million from $701.83 million in 2025, while Selling and Distribution Costs increased by 10% to $595.86 million from $539.52 million in the prior year. As a result, Total Administrative, Selling and Distribution Expenses amounted to $1.45 billion, representing a 17% increase relative to $1.24 billion reported in 2025.
Operating Profit before Finance Costs and Taxation for the nine months ended June 30, 2026 amounted to $161.37 million, representing a 23% decrease from $209.21 million reported in 2025. For the third quarter, Operating Profit before Finance Costs and Taxation increased by 112% to $89.73 million, compared to $42.38 million in the corresponding quarter of 2025.
Finance Income declined by 93% to $160,864 from $2.43 million in 2025, while Finance Costs increased by 581% to $78.65 million from $11.56 million in the prior year. Management noted that the increase in finance costs reflected borrowings used to fund the company’s Angels manufacturing expansion, while higher depreciation followed the commissioning of the expanded facility.
The company recorded an Increase in the Value of Investments Classified as Fair Value through Profit or Loss of $1.77 million, compared to $529,376 in 2025. Consequently, Profit Before Taxation for the nine months ended June 30, 2026 amounted to $84.66 million, representing a 58% decrease from $200.61 million in 2025. For the third quarter, Profit Before Taxation increased by 71% to $64.16 million, compared to $37.44 million in the corresponding quarter of 2025.
Taxation decreased by 56% to $21.76 million compared to $49.98 million in 2025. Consequently, Net Profit for the nine months amounted to $62.89 million, representing a 58% decrease from $150.63 million in the prior year. For the third quarter, Net Profit increased by 63% to $47.76 million, compared to $29.39 million in the corresponding quarter of 2025.
Total Comprehensive Income for the nine months amounted to $62.89 million compared to $150.63 million in 2025. For the third quarter, Total Comprehensive Income amounted to $47.76 million compared to $29.39 million in the prior year’s quarter.
Consequently, Earnings Per Share for the nine months amounted to $0.13 compared to $0.32 in 2025, while Earnings Per Share for the third quarter amounted to $0.10 compared to $0.06 for the corresponding quarter of 2025. The number of shares used in these calculations was 471,266,950.
Notably, HONBUN’s stock price closed the trading period on August 13, 2026, at $6.18. Using the twelve-month trailing EPS provided of approximately $0.04, this represents a P/E ratio of approximately 157.17x.
Balance Sheet Highlights
The company’s Total Assets amounted to $3.13 billion at June 30, 2026, representing a 4% increase from $3.00 billion in 2025. The increase was mainly driven by Property, Plant and Equipment, which rose to $1.57 billion from $1.11 billion, reflecting the company’s continued investment in manufacturing and distribution infrastructure. Cash and Cash Equivalents also increased by 34% to $283.79 million from $211.28 million, while Inventories rose to $306.67 million from $246.92 million.
Shareholders’ Equity increased to $1.57 billion from $1.56 billion in 2025, representing a book value per share of approximately $3.34 compared to $3.32 in the prior year.
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