Padma Oil PLC has recommended a 170 per cent cash dividend for the 2025-26 financial year after its annual earnings per share rose 21 per cent, extending a run of higher shareholder payouts even as the petroleum distributor continued to report negative operating cash flow.
The proposed dividend amounts to Tk17 for each share with a face value of Tk10, compared with Tk16, or 160 per cent, for the previous financial year.
The state-owned fuel distributor reported an earnings per share (EPS) of Tk69.47 for the year ended 30 June 2026, up from Tk57.30 a year earlier.
Its net operating cash flow per share (NOCFPS) also turned positive at Tk63.72, against a negative Tk39.83 in FY25, according to disclosures to the Dhaka Stock Exchange (DSE) published on Sunday.
The improvement in annual cash flow has yet to carry into the current financial year.
NOCFPS stood at negative Tk46.28 in the July-September quarter, compared with negative Tk91.49 in the same period a year earlier.
Quarterly earnings also increased. EPS rose to Tk17.28 in the first quarter of FY27 from Tk16.04 in the corresponding period a year earlier, an increase of around 7.7 per cent.
Net asset value (NAV) per share climbed to Tk345.61 as of 30 September from Tk328.33 at the end of June.
The proposed dividend will be placed before shareholders at the company’s annual general meeting on 1 January 2027.
The meeting is scheduled for 10am on a digital platform, while 29 November 2026 has been set as the record date.
Padma Oil shares closed 0.65 per cent lower to Tk197.70 apiece on the DSE on Sunday.
