Consolidated earnings per share fell nearly 38% to Tk4.50, although the board recommended a 32% cash dividend and approved Tk60 crore for expansion and modernisation.
TBS Report
25 October, 2026, 06:05 pm
Last modified: 25 October, 2026, 06:10 pm
Square Textiles PLC's net profit fell to Tk89 crore in the financial year ended 30 June 2026, its lowest in five years, amid broader challenges in the textile sector.
According to the company's price-sensitive information released after a board meeting today (25 October), consolidated earnings per share (EPS) dropped nearly 38% to Tk4.50 in FY26, from Tk7.24 in the previous fiscal year. Standalone EPS declined to Tk4.24 from Tk6.45.
The company's consolidated net profit fell below Tk100 crore for the first time since FY22.
Despite the decline in earnings, the board recommended a 32% cash dividend for shareholders for FY26. The company has scheduled its annual general meeting (AGM) for 15 December to seek shareholders' approval for the proposed dividend. The record date has been set for 16 November.
The financial statements showed that consolidated net asset value (NAV) per share rose to Tk57.16 as of 30 June 2026, from Tk55.86 a year earlier.
Meanwhile, consolidated net operating cash flow per share (NOCFPS) increased to Tk8.71 from Tk5.25 in FY25.
The board also approved Tk60 crore for balancing, modernisation, rehabilitation and expansion (BMRE), machinery purchases and land acquisition to support future business growth.
Square Textiles' share price fell 1.84% to close at Tk48 on the Dhaka Stock Exchange today.