First Finance skips 2025 dividend as losses deepen
According to the financial statements, First Finance reported a loss per share (EPS) of Tk6.66 for 2025, compared with a loss of Tk5.88 a year earlier, reflecting a further deterioration in its financial performance.
Listed non-bank financial institution (NBFI) First Finance Limited has recommended no dividend for the year ended 31 December 2025 as mounting losses, negative shareholders' equity and a weakening financial position continued to weigh on the company.
The decision was approved at a meeting of the company's board of directors today (29 June), according to a price-sensitive information disclosure filed with the Dhaka Stock Exchange (DSE).
Following the declaration, the company's shares traded without a price limit. Despite this, the NBFI's stock fell 2.44% to Tk4 on the DSE.
Keep updated, follow The Business Standard's Google news channel
According to the financial statements, First Finance reported a loss per share (EPS) of Tk6.66 for 2025, compared with a loss of Tk5.88 a year earlier, reflecting a further deterioration in its financial performance.
Its net asset value (NAV) per share also worsened, falling to negative Tk46.01 at the end of 2025 from negative Tk37.86 a year earlier, indicating a further erosion of shareholders' equity.
Meanwhile, net operating cash flow per share remained under pressure, standing at negative Tk0.74 for 2025 compared with negative Tk0.69 in the previous year.
The company's financial performance remained weak in the first quarter of 2026 as well.
For the January-March period, First Finance posted a loss per share of Tk1.87, compared with a loss of Tk1.27 in the corresponding period of 2025. Its net operating cash flow per share improved marginally to negative Tk0.06 from negative Tk0.09 a year earlier.
However, its net asset value per share deteriorated further to negative Tk47.88 as of 31 March 2026, compared with negative Tk39.13 in the same period of the previous year.
The company's annual general meeting (AGM) will be held on 17 September 2026 at 3pm through a hybrid format, allowing shareholders to participate both virtually and in person.
The physical meeting will take place at the Trading Corporation of Bangladesh (TCB) Auditorium in Karwan Bazar, Dhaka. The record date has been fixed for 22 July 2026.
