Linde Bangladesh has declared a 100 per cent cash dividend for the year 2025, marking its lowest payout since listing, as profit declined in a challenging business environment, according to a price-sensitive disclosure.
The drastic decline in dividends from the 4,500 per cent paid for the previous year followed around a 9 per cent year-on-year decline in profit to Tk 344 million in 2025.
However, if the one-off income from the sell-off of its welding business in 2024 is taken into consideration, income in 2025 plunged to one-eighteenth of the profit earned in the previous year.
Earnings per share stood at Tk 22.90 in 2025, down from Tk 24.92 (excluding the one-off gain) in the previous year.
Linde Bangladesh is yet to disclose detailed financial statements such as revenue, foreign exchange gain/loss, and cost of sales.
At present, Linde's total number of shares is 15.218 million.
Linde will disburse Tk 152 million in cash dividends for 2025 against an income of Tk 344 million, meaning the company will retain more than half of the profit.
The company's sponsor-directors would get most of the dividend amount as they jointly hold a 60 per cent stake in Linde as of March this year.
Meanwhile, its nine-month revenue remained almost the same-Tk 1.68 billion-in January-September 2025 compared to the previous year.
The company's cost of sales, however, dropped significantly during the period due to lower input costs amid a stable local currency against the US dollar.
The cost of sales, which includes all associated costs to produce gas, stood at Tk 901 million in January-September 2025, which was 54 per cent of total sales during the period, down from 58 per cent of total sales in the same period last year.
The company will hold an annual general meeting (AGM) on June 10, while the record date has been set for April 29.
The net operating cash flow per share, a measure of a company's ability to generate cash from its operations, stood at Tk 24.16 in 2025 against Tk 24.20 in the previous year.
The net asset value, which refers to the excess of total assets over total liabilities, dropped to Tk 210.31 per share in 2025, down from Tk 229.34 in the previous year.
However, the stock of Linde surged 1.08 per cent to Tk 769.8 per share on Wednesday on the Dhaka Stock Exchange.
Linde Bangladesh sold its welding business subsidiary-Linde Industries Pvt Ltd-in July 2024 to an American-Swedish industrial company, ESAB Group. That enabled the multinational industrial gas producer to distribute the highest-ever cash dividend paid by any company in the secondary market.
Linde disbursed around Tk 6.85 billion to its shareholders as cash dividends from the sale proceeds.
Linde did good business in 2021, particularly in the medical segment, as the need for medical oxygen shot up for Covid patients dealing with breathing distress in hospitals.
As the pandemic waned and raw material prices skyrocketed due to the outbreak of the Russia-Ukraine war, revenue from the segment kept falling.
A member of Linde, a global leader in industrial gases, Linde Bangladesh has been operating for over 70 years, supplying sectors from healthcare to manufacturing through its extensive production facilities and market presence.
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