February 16, 2026
Honey Bun Limited (HONBUN)
Unaudited financials for the first quarter ended December 31, 2025:
Honey Bun Limited (HONBUN) for the first quarter ended December 31, 2025, reported a 7% increase in revenue, totalling $1.11 billion compared to $1.04 billion in the corresponding three months last year.
Cost of sales amounted to $587.22 million (2024: $540.93 million), representing a 9% increase year over year. Consequently, gross profit increased by 5% to $522.38 million compared to $499.87 million for the first quarter ended December 31, 2024.
Administrative expenses increased by 33% to close at $291.32 million (2024: $218.40 million), while selling, distribution and promotion expenses increased by 7% from $173.99 million in 2024 to $186.57 million for the three months. As a result, total operating expenses for the first quarter amounted to $477.89 million, a 22% increase relative to $392.38 million reported in 2024.
Profit from operations for the three months amounted to $44.59 million, a 59% decrease relative to $108.12 million reported in 2024.
Finance income totalled $45,872, a 97% decrease from the corresponding period last year (2024: $1.65 million), while finance cost for the first quarter ended December 31, 2025, amounted to $26.24 million, a 241% increase relative to $7.69 million reported in 2024.
Profit before taxation for the three months decreased by 82% to $18.14 million (2024: $103.27 million). Taxation for the three months amounted to $4.81 million (2024: $26.35 million). Net profit for the three months amounted to $13.33 million, an 83% decrease from the $76.92 million reported in 2024.
Consequently, earnings per share for the three months amounted to $0.03 (2024: EPS: $0.16). The twelve-month trailing EPS was $0.10, and the number of shares used in these calculations was 471,266,950.
Notably, HONBUN’s stock price closed the trading period on February 13, 2026, at $6.14, with a corresponding P/E ratio of 63.42x.
Balance Sheet Highlights
The company’s assets totalled $3.07 billion (2024: $2.72 billion). This increase was attributable to property, plant and equipment which amounted to $1.55 billion (2024: $796.62 million).
Shareholders’ equity was $1.54 billion (2024: $1.51 billion), representing a book value per share of $3.26 (2024: $3.19).
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