Aamra Technologies recommends 0.25% dividend

Aamra Technologies Limited has recommended a 0.25% cash dividend for general shareholders for the fiscal year ended 30 June 2025, despite reporting a sharp decline in financial performance.

According to a price-sensitive information (PSI) disclosure filed with the Dhaka Stock Exchange (DSE) today (13 July), .

The payout for general shareholders will amount to around Tk11.32 lakh, the company said.

Aamra Technologies said the date, time and venue of its Annual General Meeting (AGM), along with the record date, will be announced after receiving approval from the High Court.

The dividend recommendation comes amid worsening financial results. For FY25, the IT services company reported earnings per share (EPS) of negative Tk3.17.

Its net asset value (NAV) per share declined to Tk18.46 from Tk21.73, while net operating cash flow per share (NOCFPS) dropped to Tk0.70 from Tk4.21, indicating increased financial pressure and weaker operational performance.

The company was earlier downgraded to the 'Z' category from the 'B' category on 12 February after failing to distribute its approved 1% cash dividend for FY24 within the regulatory deadline of 30 days after its AGM. 

Although Aamra submitted a dividend compliance report on 7 July, the DSE has not yet upgraded its category.

A senior company official attributed the financial setback to regulatory challenges. In May 2024, the Bangladesh Telecommunication Regulatory Commission (BTRC) restricted the company's bandwidth capacity as an internet gateway service provider over unresolved government revenue-sharing dues.

The restriction significantly affected the company's core operations, which were brought close to a standstill, the official said.

The company said it is working to resolve the issue with the BTRC, but the matter remains pending, affecting business continuity.

Aamra Technologies has been listed on the capital market since 2012, with an issue price of Tk24 per share.