BEST Holdings recommends no dividend as FY25 profit drops sharply

The company's board of directors made the recommendation at a meeting on Monday while approving the audited financial statements for FY2024-25.

According to the disclosure, the company reported consolidated earnings per share (EPS) of Tk 0.30 for the year, down sharply from Tk 1.43 in the previous financial year. On a diluted basis, consolidated EPS fell to Tk 0.28 from Tk 1.37 a year earlier.

The company's consolidated net asset value (NAV) per share also declined to Tk 53.56 as of June 30, 2025, from Tk 57.82 a year earlier.

Meanwhile, consolidated net operating cash flow per share (NOCFPS) dropped to Tk 1.39 from Tk 1.82 in the preceding financial year, indicating weaker cash generation from operations.

The company said the date, time and venue of its annual general meeting (AGM), along with the record date, will be announced after obtaining the necessary order from the court.

The board's recommendation of no dividend is subject to shareholders' approval at the forthcoming AGM.

The latest financial results reflect a significant deterioration in the company's financial performance during FY2024-25, with all key indicators -- EPS, NAV and operating cash flow -- declining from the previous year.

Following the disclosure, the company's shares fell 4.46 per cent to Tk 15.00 after two hours of trading on the Dhaka Stock Exchange on Tuesday.

BEST Holdings entered the capital market in February 2024, raising Tk 3.50 billion through its initial public offering (IPO).

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