Lovello Ice Cream declares 16% dividend for FY25
The company’s performance in the first quarter of FY26 showed positive momentum. EPS stood at Tk1.02 for July-September 2025, up from Tk0.91 in the same quarter of FY25.
Taufika Foods and Lovello Ice Cream PLC has declared a 16% dividend for the fiscal year ending 30 June 2025, as part of its continued efforts to reward shareholders despite a modest drop in annual earnings.
The company's board of directors has recommended an 11% cash dividend and a 5% stock dividend for the period, according to a disclosure filed with the Dhaka Stock Exchange (DSE) today (12 October).
The annual general meeting (AGM) is scheduled for 30 December. The record date has been set for 6 November.
Keep updated, follow The Business Standard's Google news channel
Following the dividend announcement, Lovello's share price fell by 2.47% to close at Tk94.90 at the DSE today.
According to the disclosure, the company reported earnings per share (EPS) of Tk1.65, net asset value (NAV) per share of Tk12.01, and net operating cash flow per share (NOCFPS) of Tk1.48 for FY25. In comparison, the restated figures for FY24 were Tk1.79, Tk12.40, and Tk2.70, respectively.
Lovello stated that the stock dividend was recommended to utilise retained earnings as paid-up capital, aiming to strengthen the company's capital base. The company clarified that the stock dividend was declared entirely from accumulated profits, not from capital reserves, revaluation reserves, or any unrealised gains.
It also confirmed that the declaration would not result in negative retained earnings.
In the same meeting, the board proposed to increase the company's authorised capital from Tk100 crore to Tk200 crore, subject to approval from shareholders and regulators at the upcoming AGM.
The company's performance in the first quarter of FY26 showed positive momentum. EPS stood at Tk1.02 for July-September 2025, up from Tk0.91 in the same quarter of FY25.
NOCFPS rose to Tk2.43 from Tk1.68, while NAV per share increased to Tk13.03 as of 30 September 2025, from Tk12.01 at the end of June 2025.
Lovello reported that net profit after tax rose by 24%, driven by a 15% increase in sales during the first quarter.
Meanwhile, in September, the Bangladesh Securities and Exchange Commission (BSEC) suspended debit transactions in three Beneficiary Owners' (BO) accounts linked to alleged share manipulation involving Lovello.
According to a BSEC directive issued to the DSE, CSE, and CDBL, the suspension will remain in effect until 31 December 2025.
