August 14, 2025
Honey Bun Limited (HONBUN)
Unaudited financials for the nine months ended June 30, 2025:
For the nine months ended June 30, 2025, Honey Bun Limited reported an 8% increase in Revenue to $3.12 billion, compared with $2.89 billion in the corresponding period last year. Revenue for the third quarter increased 7% to $1.03 billion, up from $956.50 million in the comparable quarter of 2024.
Cost of Sales amounted to $1.67 billion (2024: $1.55 billion), an 8% year-over-year increase. Consequently, Gross Profit rose 8% to $1.45 billion, compared with $1.34 billion for the nine months ended June 30, 2024. The company recorded Gross Profit of $469.33 million for the third quarter, versus $436.92 million in the similar quarter of 2024.
Administrative Expenses increased 22% to $701.51 million (2024: $575.70 million), while Selling, Distribution & Promotion Expenses rose 18% to $536.88 million, up from $455.93 million in 2024. As a result, total Operating Expenses for the nine months ended June 30, 2025, amounted to $1.24 billion, a 20% increase relative to $1.03 billion reported in 2024.
Profit from Operations for the nine months amounted to $209.21 million, a 31% decrease relative to $305.28 million reported in 2024. Profit from Operations for the third quarter was $42.38 million (2024: $84.49 million).
Finance Income totalled $2.43 million, an 81% decrease from $13.12 million in the corresponding period last year, while Finance Cost totalled $11.56 million, a 13% increase from $10.19 million in 2024.
Profit Before Taxation for the nine months amounted to $200.61 million, a 35% decrease relative to $308.74 million reported in 2024. Profit Before Taxation for the third quarter was $37.44 million (2024: $83.81 million). Taxation decreased 26% to $49.98 million (2024: $67.75 million). Net Profit for the nine months was $150.63 million, a 37% decrease from $240.99 million reported in 2024. For the third quarter, Net Profit was $29.39 million (2024: $73.24 million).
Consequently, Earnings Per Share (EPS) for the nine months amounted to $0.32 (2024: $0.51), while EPS for the quarter totalled $0.06 (2024: $0.16). The twelve-month trailing EPS was $0.30, and the number of shares used in these calculations was 471,266,950.
Notably, HONBUN’s stock price closed on August 13, 2025, at $7.42, with a corresponding P/E ratio of 25.03x.
Balance Sheet Highlights
The company’s assets totalled $3.00 billion (2024: $1.92 billion). This increase was attributable to right-of-use assets, which amounted to $761.06 million (2024: $51.09 million).
Shareholders’ equity was $1.56 billion (2024: $1.48 billion), representing a book value per share of $3.32 (2024: $3.14).
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