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Tuesday | November 10, 2026 | Dhaka

Two state oil companies report higher profits in FY26

 Business Desk
 Published: 12:05 AM, 10 November 2026  Updated: 11:38 PM, 09 November 2026

Meghna Petroleum and Padma Oil Company, two major state-owned oil distributors, reported higher profits in the financial year 2025-26, while Jamuna Oil said its earnings declined during the period.

Jamuna Oil’s profit fell 34 percent year-on-year to Tk 425 crore in the year ended June 30, 2026 (FY26), according to a price-sensitive information (PSI) disclosure published recently.

Consequently, its earnings per share (EPS), a measure of the profit attributable to each share, dropped to Tk 38.52 in FY26 from Tk 58.70 a year earlier.

The state-owned oil company said it was facing a cash shortage as it spent more cash than it received.
Jamuna Oil’s net operating cash flow per share (NOCFPS), which shows the cash a company generates from its regular business activities for each share, stood at negative Tk 278.80, compared with Tk 64.37 in the previous year. A negative figure means the company’s day-to-day operations used more cash than they generated.

The oil company announced a 120 percent cash dividend for the year ended June 30, 2026, lower than the 180 percent it had recommended the previous year. A cash dividend is declared as a percentage of a share’s face value, which is its nominal value.

Meghna Petroleum’s profit grew 3 percent year-on-year. Its EPS stood at Tk 63.32 in FY26, compared with Tk 61.39 a year earlier.

The company also reported a higher NOCFPS during the period. In FY26, Meghna Petroleum’s NOCFPS rose to Tk 164.04 from Tk 109.47 a year earlier.

The board of the oil company recommended a 210 percent cash dividend, or Tk 21 per Tk 10 share, for the year ended June 30, 2026. The company had recommended a 200 percent dividend the previous year.

Padma Oil Company’s profit rose 21 percent year-on-year. Its EPS stood at Tk 69.47 in FY26, compared with Tk 57.30 a year earlier. Padma Oil’s NOCFPS stood at Tk 63.72 in FY26, compared with negative Tk 39.83 in FY25.

The company recommended a 170 percent cash dividend, or Tk 17 per Tk 10 share, for the year ended June 30, 2026, higher than the 160 percent it had recommended the previous year.