bKash reports Tk184cr profit in Jan-Mar
The company returned to profit in the July-September quarter of 2022 and has maintained consistent profitability since then, according to officials.
bKash Limited, the country's largest mobile financial services (MFS) provider, has reported a 40% increase in net profit, reaching Tk184 crore, as revenue continued to grow strongly across successive quarters.
According to the unaudited financial statement of bKash, a subsidiary of BRAC Bank, the company's net revenue rose by 10% to Tk1,802 crore in the first quarter of 2026.
Speaking to TBS, bKash Chief Financial Officer (CFO) Moinuddin Mohammed Rahgir said, "bKash has consistently demonstrated the sustainability of its business model while continuing to support a more inclusive financial ecosystem for millions of Bangladeshis."
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The company's persistent investments in technology, regulatory compliance and cyber security have helped strengthen customer trust and increase engagement across its platform. With an increasing proportion of its customer base now transacting regularly, reflecting growing confidence in digital financial services, said CFO.
This higher level of usage has contributed to growth in both revenue and profitability. Looking ahead, bKash will continue investing in a stronger financial ecosystem, digital commerce and payment solutions as Bangladesh moves toward a more cashless and digitally empowered economy, he further added.
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.
From the beginning, the company's investors have followed a "patient-capital" approach. Instead of taking dividends, they have continuously reinvested profits back into the business. This strategy has enabled bKash to build a strong technological foundation and scale its services effectively.
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%).
According to bKash, it currently has over eight crore customers, along with 3.50 lakh agents.
As of now, bKash charges Tk18.50 per thousand for cash out while Tk5 for each fund transfer to another account.
