Padma Oil recommends 170% cash dividend as FY26 profit rises 21%

The proposed payout is higher than the 160% cash dividend distributed for FY25.

State-run petroleum distributor Padma Oil Company Limited has recommended a 170% cash dividend, equivalent to Tk17 per share of Tk10 face value, for the financial year ended 30 June 2026, following strong growth in annual earnings.

The proposed payout is higher than the 160% cash dividend distributed for FY25.

According to disclosures filed with the Dhaka Stock Exchange (DSE) today (8 November), the company will hold its annual general meeting (AGM) on 1 January 2027 at 10am through a digital platform to seek shareholders’ approval for the audited financial statements and dividend. The record date has been set for 29 November 2026.

Padma Oil’s annual net profit grew 21.24%, with earnings per share (EPS) rising to Tk69.47 in FY26 from Tk57.30 in the previous fiscal year.

Its net asset value (NAV) per share increased to Tk328.33 as of 30 June 2026, from Tk274.86 a year earlier. Net operating cash flow per share (NOCFPS) also recovered, turning positive at Tk63.72 in FY26 from a negative Tk39.83 in FY25.

In a separate disclosure, the company reported improved earnings for the first quarter of FY27 (July–September 2026). EPS rose to Tk17.28 from Tk16.04 in the corresponding quarter of the previous fiscal year.

Its negative NOCFPS narrowed to Tk46.28 during the quarter, compared with Tk91.49 in the same period of FY26. NAV per share further increased to Tk345.61 as of 30 September 2026.

Despite the absence of a circuit breaker limit on its shares following the dividend announcement, Padma Oil’s stock fell 0.65% to close at Tk197.70 on the DSE today.

Source: The Business Standard

Read More at: csslbd.net

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