Apex Footwear’s earnings per share more than doubled in the first quarter of the 2026-27 financial year, rising to Tk2.61 in July-September from Tk1.27 a year earlier, as higher sales revenue boosted profit after tax.
The company reported the unaudited results in a disclosure to the Dhaka Stock Exchange (DSE) on Thursday, attributing the increase in EPS to growth in net sales revenue.
Net operating cash flow per share also improved, rising to Tk62.35 from Tk58.06 in the same quarter last year.
The company attributed the increase to stronger cash generation from sales, despite higher payments for business operations and taxes.
Net asset value per share stood at Tk357.86 on 30 September.
Apex Footwear attributed the increase to the combined effect of changes in its assets, liabilities and provisions during the quarter.
Non-current assets declined by Tk174.99 million and current assets by Tk440.81 million. Non-current liabilities fell by Tk345.37 million, while current liabilities and provisions decreased by Tk321.75 million.
The latest results follow the board’s recommendation of a 15 per cent cash dividend and a 15 per cent stock dividend for the financial year ended 30 June 2026.
The top footwear maker of the country reported annual EPS of Tk7.91, against Tk6.90, restated, in the previous year.
The board has also proposed issuing redeemable preference shares worth up to Tk500 crore to refinance existing loans, subject to shareholder and Bangladesh Securities and Exchange Commission approval.
On 29 November, the company will hold its annual general meeting.
Apex Footwear shares closed 3.80 per cent higher at Tk166.70 apiece on the DSE on Thursday.
