British American Tobacco Bangladesh Company Limited (BAT Bangladesh) reported a 67 per cent drop in profit in 2025 with a loss in the fourth quarter, as lower turnover, higher operating expenses and a Tk715 crore one-off hit from factory relocation costs weighed on earnings.
Shares of BAT Bangladesh, with a face value of Tk10, fell 8.94 per cent to Tk242.30 apiece on Tuesday following the disclosure on the Dhaka Stock Exchange (DSE).
Earnings per share stood at Tk10.81 for the year ended 31 December 2025, down from Tk32.42 a year earlier.
For the January-September period, earnings per share were Tk13.34, indicating a loss in the final quarter.
The company said earnings declined due to lower turnover and increased operating expenses driven by inflationary pressures and higher levels of activity in parts of the business.
In July 2025, operations at its Dhaka factory were shut down and plant, machinery and cigarette manufacturing equipment were relocated to the Savar factory.
The forced site closure, relocation and restructuring costs had a one-off impact of Tk715 crore on operating profit compared with the previous year.
Net operating cash flow per share fell 81 per cent to Tk6.12 from Tk32.07, mainly due to lower profit and higher cash outflow following an excise increase, offset by other items.
Net asset value per share declined to Tk102.50 at the end of December 2025 from Tk106.88 a year earlier.
The board recommended a 30 per cent final cash dividend for 2025.
The annual general meeting will be held on 30 April at 10:30am through a virtual platform, with the record date set for 1 April.
Credit Rating Information and Services Limited assigned BAT Bangladesh a long-term rating of AAA and a short-term rating of ST-1 with a stable outlook, based on audited financials up to 31 December 2025 and other relevant quantitative and qualitative information.
