bKash posts record Tk505cr profit in Jan-Sep of 2025
This represents a 131% increase in profit compared to the same period last year
bKash Limited, the country's largest mobile financial services (MFS) provider, has reported its highest-ever profit of Tk504.78 crore for the first nine months of 2025 – a 131% year-on-year increase – as revenue continued to rise sharply across quarters.
The nine-month profit till September 2025 has already surpassed the company's full-year profit for 2024.
The company's net revenue (excluding VAT) grew by Tk1,192 crore, or 33%, reaching Tk4,838 crore between January and September.
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In comparison, bKash, a subsidiary of BRAC Bank, posted Tk315 crore in profit and Tk5,058 crore in revenue for the full year of 2024.
The firm's financials show consistent quarterly growth throughout 2025, with the July-September (Q3) period recording the highest profit so far, Tk197 crore, alongside revenue of Tk1,842.63 crore.
Moinuddin Mohammed Rahgir, chief financial officer of bKash, told The Business Standard that the company's long-term investment in innovation and infrastructure has driven sustainable growth.
"Over a decade-long strategic investment in disruptive technology, service infrastructure, digital payment ecosystem, and digital literacy contributed to bKash's steady revenue growth in recent years," Rahgir said.
"Our commitment to patient capital and a growth-oriented mindset has fostered a sustainable business model, driving behavioural shifts and increasing trust in digital financial services that enabled millions of customers to access necessary services from the comfort of home," he added.
He further said the company's continued expansion of services, including integration with banking platforms, bill payments, and other value-added offerings, has strengthened both bKash's performance and the broader digital financial ecosystem.
Founded in 2010 as a joint venture between BRAC Bank and US-based Money in Motion LLC, bKash began commercial operations in 2011. It remained profitable until 2018 before facing significant losses between 2019 and 2021.
The company returned to profit in the July-September quarter of 2022 and has maintained consistent profitability since then, according to officials.
BRAC Bank currently holds a 51% stake in bKash, while other major shareholders include Money in Motion LLC (16.45%), Alipay Singapore E-Commerce (14.87%), International Finance Corporation (10.36%), and SVF II BEAM (DE) LLC (7.32%).
