Jamuna Oil profit falls, dividend cut as share price slides

State-owned oil company Jamuna Oil has seen its profit fall. In the space of a year, the company's profit dropped by about 223 crore taka, or more than 34 percent.

At the end of the 2025-26 fiscal year, Jamuna Oil made a profit of 425 crore taka. In the previous fiscal year, 2024-25, the company had made a profit of about 648 crore taka.

The company's board of directors finalised the financial report for the last fiscal year at a meeting on Sunday, where the fall in profit was recorded.

As a listed company, Jamuna Oil informed investors of the figures on Monday through the stock exchange website.

At the same meeting, the board also decided the dividend for the last fiscal year. Shareholders will receive a 120 percent cash dividend, meaning 12 taka for each share.

The company will distribute 132.5 crore taka in total under the declared dividend.

Last year, Jamuna Oil had paid shareholders a 180 percent cash dividend. By that measure, the dividend has fallen by 60 percentage points this year.

Alongside the fall in profit, Jamuna Oil has also run into a cash crunch. At the end of the last fiscal year, the company's cash flow per share turned negative.

Even though cash flow turned negative, the company's asset value rose from the previous year. At the end of the last fiscal year, Jamuna Oil's net asset value per share rose to 294 taka 56 paisa, from 274 taka in the previous fiscal year.

With profit and dividend both down, the company's share price fell on the stock market today. On the Dhaka Stock Exchange, each share fell by 9.50 taka, or more than 5.25 percent, to close at 169 taka.