State-owned Padma oil reports Tk 563cr profit for 2024-25

Business Report :

State-owned Padma Oil Company has reported a 38 percent increase in profit compared to the previous year. For the fiscal year 2024-25, the company’s profit rose to Tk 563 crore, up from Tk 409 crore in 2023-24, marking a growth of Tk 154 crore over one year.

The company finalised its financial report for the past fiscal year at a board meeting on Wednesday. On Thursday, Padma Oil shared key information from the report with investors through the Dhaka Stock Exchange (DSE).

During the same meeting, the company also declared a 160 percent cash dividend for shareholders, which means each shareholder will receive Tk 16 per share. According to the company, a total of Tk 157 crore will be distributed as dividends. Shareholders who hold the company’s shares on the record date of November 27 will be eligible to receive the dividend.

DSE data shows that this is the highest cash dividend declared by the company since 2009, when it gave a 200 percent bonus dividend. Despite the dividend announcement, Padma Oil’s share price fell by Tk 1, closing at Tk 194.30 per share on the day of the announcement.

During Wednesday’s meeting, the company also finalised the financial report for the first quarter of the 2025-26 fiscal year. The report shows a significant increase in quarterly profit compared with the same period last year. For July-September 2025, Padma Oil earned Tk 158 crore, up from Tk 124 crore in July-September 2024, marking a growth of Tk 34 crore or approximately 27.5 percent.

Padma Oil, a government-owned company, was listed on the stock market in 1976. The government owns 50 percent of its shares, while institutional investors hold 31 percent, general investors 17 percent, and the remaining shares are held by foreign and entrepreneur directors.