Walton declares 190% dividend for FY26 as profits rise

The company says lower finance costs and higher customer collections helped lift earnings and operating cash flow in FY26.

Walton Hi-Tech Industries PLC has recommended a 180% cash dividend, equivalent to Tk18 per share, along with a 10% stock dividend for the financial year ended 30 June 2026, as its earnings rose year-on-year.

The decisions were taken at the company’s board meeting held today (29 August), following the approval of its audited financial statements.

According to the price-sensitive disclosure, the company’s earnings per share (EPS) rose to Tk33.75 for FY2025-26, up from Tk31.11 recorded in the previous financial year.

Walton attributed the growth in earnings primarily to a significant drop in finance costs, which decreased by Tk267.26 crore to represent 2.45% of sales, compared to Tk448.40 crore (6.33% of sales) in FY2024-25.

The electronics giant also reported a strong boost in cash flow. Net operating cash flow per share (NOCFPS) surged to Tk63.72 for FY26 from Tk52.91 in FY25. This improvement was driven by a Tk694.36 crore (8.84%) increase in customer collections alongside a 2.31% reduction in supplier payments during the year.

The company’s net asset value (NAV) per share with revaluation stood at Tk381.26 as of 30 June 2026, compared to Tk363.40 a year earlier. Without revaluation, the NAV per share was Tk280.24.

Walton disclosed that the 10% stock dividend will be utilised to finance the ongoing capacity expansion of its Green Energy project under Balancing, Modernisation, Rehabilitation and Expansion (BMRE) to ensure uninterrupted power supply for the company.

The record date for determining shareholder dividend eligibility has been set for 20 September 2026. The company’s annual general meeting (AGM) will be held virtually on 15 October 2026 at 12pm.

Source: The Business Standard