LankaBangla emerges top loser after skipping 2024 dividend
LankaBangla has 3 subsidiaries: LankaBangla Securities, LankaBangla Investments, LankaBangla Asset Management
LankaBangla Finance did not recommend any dividend for 2024 – the first time since its listing – causing its share price to fall 12.73% to Tk14.40 on the Dhaka Stock Exchange (DSE) today (15 October), making it the day's top loser.
The non-bank financial institution (NBFI) posted a 17.09% year-on-year decline in its consolidated profit for the January–September period of 2025, mainly due to a decrease in income from investments, an increase in loan loss provisions, and a higher cost of funds on borrowings.
In 2024, it also experienced a significant decline in profitability. It reported a consolidated net profit of Tk28.89 crore, down 26.44% from Tk39.28 crore in the previous year.
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In 2024, its consolidated earnings per share (EPS) stood at Tk0.51, compared to Tk0.70 a year earlier. On a solo basis, the company recorded a net profit of Tk7.69 crore, down 54.77% from Tk17 crore in the same period of the previous year. Its solo EPS stood at Tk0.14, compared to Tk0.32 previously.
To approve the no-dividend declaration, along with its financial statements and other reports, the company has scheduled its annual general meeting (AGM) for 11 December 2025. The record date has been set for 10 November.
In the January-September 2025 period, LankaBangla's consolidated net profit declined 17.09% to Tk31 crore, from Tk37.39 crore in the same period of the previous year. During the period, its net interest income rose to Tk192.09 crore from Tk178.21 crore a year earlier, while its EPS dropped to Tk0.54, from Tk0.67.
In the July–September quarter of 2025, the company's consolidated net profit stood at Tk19.76 crore, compared to Tk26.09 crore a year ago. During the quarter, its net interest income decreased to Tk45.40 crore from Tk86.47 crore, and EPS fell to Tk0.34 from Tk0.46 in the same period of the previous year.
The company stated that its consolidated EPS decreased mainly due to a decline in investment income, an increase in loan loss provisions, and a rise in the cost of funds on borrowings during the period.
Its operating cash flows decreased by Tk19.48 crore due to higher disbursements of loans and advances to customers. Meanwhile, its net asset value (NAV) increased owing to higher retained earnings during the period.
LankaBangla has three subsidiaries: LankaBangla Securities Limited, LankaBangla Investments Limited, and LankaBangla Asset Management Company Limited.
The company remains a major player in the country's financial sector, as its brokerage arm is among the top firms in trade execution, while its merchant banking unit is a leading name in investment banking, issue management, corporate advisory, and portfolio management.
