May 15, 2026
Honey Bun Limited (HONBUN)
Unaudited financials for the six months ended March 31, 2026:
Honey Bun Limited (HONBUN) for the six months ended March 31, 2026, reported a 9% increase in Revenue totaling $2.30 billion compared to $2.10 billion in the corresponding period last year. Revenue for the second quarter had a 12% increase to close at $1.19 billion compared to $1.06 billion for the comparable quarter of 2025.
Cost of Sales amounted to $1.24 billion (2025: $1.12 billion), representing an increase of 11% year over year. Consequently, Gross Profit increased by 8% to $1.05 billion compared to $980.42 million for the six months ended March 31, 2025. The company booked Gross Profit of $532.17 million for the second quarter versus $480.55 million reported for the similar quarter of 2025.
Other Gains increased by 12% to close at $850,013 (2025: $762,288), while Administrative Expenses increased by 29% from $459.73 million in 2025 to $592.71 million in the period under review. Selling and Distribution Costs increased by 10% from $354.64 million in 2025 to $391.04 million for the six months ended March 31, 2026. As a result, total operating expenses amounted to $983.76 million, a 21% increase relative to $814.36 million reported in 2025.
Profit from Operations for the six months ended March 31, 2026, amounted to $71.64 million, a 57% decrease relative to $166.82 million reported in 2025. Profit from Operations for the second quarter amounted to $27.05 million (2025: $58.70 million).
Finance Income totalled $99,933, a 98% decrease from the corresponding period last year (2025: $4.49 million), while Finance Costs amounted to $52.79 million, representing a 441% increase relative to $9.75 million reported in 2025.
Profit Before Taxation for the six months ended March 31, 2026, amounted to $20.50 million, an 87% decrease relative to $163.17 million reported in 2025. Profit Before Taxation for the second quarter amounted to $2.36 million (2025: $59.90 million).
Taxation for the six months ended March 31, 2026, amounted to $5.36 million, an 87% decrease relative to $41.92 million reported in 2025. Net Profit for the six months amounted to $15.13 million, an 88% decrease from the $121.24 million reported in 2025. For the second quarter, Net Profit was $1.81 million (2025: $44.32 million).
Consequently, Earnings Per Share for the six months amounted to $0.03 (2025: EPS: $0.26), while Earnings Per Share for the quarter totaled $0.00 (2025: EPS: $0.09). The twelve-month trailing EPS was $0.01, and the number of shares used in these calculations was 471,266,950.
Notably, HONBUN’s stock price closed the trading period on May 15, 2026, at a price of $6.19 with a corresponding P/E ratio of 936.80x.
Balance Sheet Highlights
The company’s assets totalled $3.12 billion (2025: $2.88 billion). The increase in total assets was mainly driven by Property, Plant and Equipment, which rose to $1.53 billion from $854.56 million, reflecting the commissioning of assets at the Angels plant. Cash and Cash Equivalents also increased by 31% to $295.01 million from $225.40 million. This was partly offset by a decrease in Receivables and Prepayments, which fell to $352.09 million from $684.18 million, as well as a decline in the Right-of-Use Asset to $555.65 million from $768.46 million.
Shareholders’ Equity was $1.53 billion (2025: $1.55 billion), representing a book value per share of $3.24 (2025: $3.29).
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