Golden Son sinks into losses amid falling revenue, rising costs

After taking a hit in the last fiscal year, Golden Son, a listed firm in the engineering sector, incurred significant losses in the first quarter of the current fiscal year as its sales and cost of sales increased.

The company's losses soared to Tk6.70 crore in the July–September quarter of the 2025–26 fiscal year, with a loss per share of Tk0.39. In the same period of the previous fiscal year, losses stood at Tk1.20 crore with a loss per share of Tk0.07.

The company attributed the loss mainly to a decline in turnover and a proportionate increase in the cost of sales compared to the corresponding quarter of the previous year, in a disclosure published today (1 December) on the stock exchanges website.

Its shares price soared today by 3% to Tk10.30 each at the Dhaka Stock Exchange (DSE). 

Data shows that Golden Son, a producer of various goods such as toys for children, electric goods, garment accessories, and home appliances, has incurred substantial losses for four consecutive years.

From FY2021-22 to FY2024-25, the company recorded a cumulative loss of Tk81.57 crore, with the highest loss of Tk31.43 crore reported in the most recent fiscal year.

Despite these losses, it had paid a 1.50% cash dividend for FY24 and has recommended no dividend for FY25.

In the Q1 of FY26, its consolidated net operating cash flow per share become negative at Tk0.35, which was positive at Tk0.69 for the July-September 2024. 

While it's consolidated net asset value per share declined to Tk15.66 as of 30 September against Tk17.92 as of September 2024.

The firm said in a disclosure that its consolidated cash flow dropped significantly during the period, as cash receipts from customers declined while payments to suppliers and employees rose proportionately compared to the previous year.

Golden Son Limited, listed as an engineering company in the capital market in 2007.