Apex Footwear Ltd has posted a 23% year-on-year decline in profit for the fiscal year ending 30th June 2025, leading the company to announce a lower cash dividend compared with the previous year.
The shoemaker’s net profit fell to Taka 13.55 crore, down from Taka 17.6 crore a year earlier, according to a disclosure filed with the Dhaka Stock Exchange (DSE). Earnings per share dropped to Taka 8.62 from Taka 11.22 in the previous financial year.
Cash generation also weakened, with net operating cash flow per share slipping to Taka 56.48, a steep fall from Taka 165.88 recorded a year ago.
In response, the board of directors has recommended a 25% cash dividend and a 25% stock dividend for FY2024-25. In comparison, shareholders received a 35% cash dividend and a 10% stock dividend last year.
The company said the decision to issue stock dividends was intended to convert retained earnings into paid-up capital, thereby strengthening its capital base.
As of 31st August, sponsors and directors held 31.54% of shares, institutional investors 27.45%, and general investors 41.01%, DSE data showed.
