BSC recommends 25% cash dividend

EPS fell to Tk19.11 from Tk20.10 a year earlier as FY25 earnings included one-off gains from the sale of two vessels.

State-owned ocean freight operator Bangladesh Shipping Corporation has recommended a 25% cash dividend – Tk2.50 per share of Tk10 face value – for the fiscal year ended 30 June 2026.

According to a price-sensitive disclosure released by the corporation today (8 November), the cash payout will be disbursed to all shareholders from the net profits earned during FY26. The record date for determining shareholder entitlement to the dividend has been set for 15 December, while the date and venue for the corporation’s annual general meeting (AGM) will be announced later.

Shipping Corporation reported an earnings per share (EPS) of Tk19.11 for FY26, marking a slight decline from Tk20.10 recorded in FY25. The corporation clarified that its annual revenue and net earnings per share decreased compared to the previous year because FY25 included one-off capital gains realised from the sale of two vessels, MT Banglar Jyoti and MT Banglar Sourabh.

Despite the profit dip, BSC’s balance sheet and operational cash flow showed significant growth. Net asset value (NAV) per share rose to Tk121.45 as of 30 June 2026, up from Tk104.84 a year earlier, driven by an expansion in retained earnings.

Net operating cash flow per share (NOCFPS) more than doubled to Tk25.40 for FY26 compared to Tk11.96 in FY25, supported by higher cash collections from core operational income.

In a simultaneous disclosure, BSC reported a rebound in its first-quarter financial performance for the fiscal year 2026-27 (July-September 2026). Q1 EPS grew to Tk5.88 from Tk5.14 in the corresponding period of the previous fiscal year, while NOCFPS improved to Tk8.28 against Tk7.94 in Q1 FY26.

The corporation attributed the earnings growth in the July-September quarter to increased operating income generated by new ships added to its fleet during FY26.

Shipping Corporation’s NAV per share further expanded to Tk127.36 as of 30 September 2026.

Source: The Business Standard