Energypac Power Generation Limited reported a sharp rise in losses in the first nine months of the current fiscal year, citing higher finance costs, revenue pressure, and constraints in opening letters of credit.
According to a disclosure, the company’s loss per share stood at Tk7.62 for July 2025–March 2026, compared with Tk1.09 in the same period a year earlier.
For the January–March quarter, loss per share was Tk0.89, against Tk0.11 in the corresponding period of 2025.
Net operating cash flow per share rose slightly to Tk0.12 for July–March, from Tk0.09 a year earlier.
Net asset value (NAV) per share with revaluation declined to Tk25.21 as of March 31, 2026, from Tk32.86 on June 30, 2025. Without revaluation, NAV per share fell to Tk13.51 from Tk21.16.
The company said the losses were mainly driven by restrictions in opening new letters of credit following a recent loan rescheduling process with Bangladesh Bank, alongside high fixed factory overheads and administrative expenses that could not be adjusted in line with lower revenue.
Higher interest rates also pushed up finance costs, further weighing on earnings.
The company said the decline in retained earnings and NAV reflects industry-wide revenue compression, rising financing costs, and legacy debt obligations.
It has secured a 10-year restructured financing facility from Bangladesh Bank, including a two-year moratorium period, which is expected to ease short-term liquidity pressure.
The company said the facility will defer principal repayments, reduce debt-servicing pressure, and help stabilise cash flows, allowing management to focus on operational recovery.
It said the move is expected to support rebuilding retained earnings and improving NAV over the medium to long term.
