United Power posts 48% profit surge, declares 65% cash dividend
United Power Generation and Distribution Company Limited has reported a 47.54% year-on-year rise in net profit for the 2024-25 fiscal year, buoyed by higher power generation, improved bulk tariffs, stable foreign exchange rates, and reduced finance costs.
The company's consolidated net profit for FY25 climbed to Tk1,198 crore, up from Tk812 crore a year earlier. Earnings per share rose to Tk20.66 from Tk14.01.
This growth was primarily due to operational efficiencies and favourable market conditions, including substantial cash collections from prior receivables that boosted net operating cash flows.
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In line with its strong financial performance, the power producer's board has recommended a 65% cash dividend for shareholders, up from 60% declared last year.
The annual general meeting (AGM) is scheduled for 30 December to approve the dividend, financial statements, and other related matters. The record date for shareholders eligible for the dividend has been set for 17 November.
Despite the profit surge and higher dividend declaration, investor response was muted. United Power's share price fell by 7.60% to Tk133.70 on the Dhaka Stock Exchange (DSE) yesterday, following the company's disclosure on Sunday.
As of 30 September 2025, sponsors and directors collectively held 90% of the company's shares, while institutional investors owned 7.40%. Foreign investors accounted for 0.01%, and general investors held 2.59%.
