News

Square Textiles' profit hits five-year low at Tk89cr in FY26
26 Oct 2026
Source: The Business Standard

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 approved at a board meeting held today (25 October), consolidated earnings per share (EPS) declined by nearly 38% to Tk4.50 in FY26 from Tk7.24 in the previous fiscal year. On a standalone basis, EPS dropped to Tk4.24 from Tk6.45 in FY25.

The company's consolidated net profit fell below Tk100 crore for the first time since FY22.


Despite the bottom-line contraction, the board recommended a 32% cash dividend for its shareholders for the year. To seek approval for the proposed payout, the company has scheduled its annual general meeting (AGM) for 15 December. The record date for determining eligible shareholders has been set for 16 November.

The financial reports also showed that consolidated net asset value (NAV) per share rose slightly to Tk57.16 as of June 30, 2026, from Tk55.86 a year earlier.

Meanwhile, consolidated net operating cash flow per share (NOCFPS) strengthened significantly to Tk8.71, up from Tk5.25 in FY25.

Looking ahead, the board approved an allocation of Tk60 crore for Balancing, Modernisation, Rehabilitation, and Expansion (BMRE), capital machineries, and land acquisitions to drive future business growth.

Its share price closed 1.84% lower at Tk48 yesterday at the Dhaka Stock Exchange.

 
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