B Mirror Report: Bangas Limited, a listed biscuit and confectionery manufacturer, has recorded a 41% year-on-year increase in export earnings in the fiscal year 2025-26, despite a significant decline in domestic sales.

According to the company’s audited financial statements, sales of biscuits and bread in the local market fell to Tk 14.57 crore in FY26 from Tk 17.91 crore in the previous fiscal year, marking a decline of 18.64%.

In contrast, the company’s export earnings rose to Tk 1.17 crore during the year from Tk 83 lakh in FY25, registering a 41% increase.

However, the decline in domestic sales was reflected in the company’s profitability. Bangas reported earnings per share (EPS) of Tk 0.24 for FY26, down from Tk 0.28 in the previous fiscal year.

The company’s net profit also fell by around 14% year-on-year to Tk 18.26 lakh in FY26 from Tk 21.34 lakh in FY25.

Despite the decline in earnings, the company’s board of directors has recommended a 3% cash dividend exclusively for general shareholders. Sponsors and directors will not receive any dividend under the recommendation.

The company will distribute a total of Tk 17.60 lakh in dividends among eligible general shareholders for FY26.

As of June 30, 2026, Bangas reported net asset value (NAV) per share of Tk 21.10, while net operating cash flow per share (NOCFPS) stood at negative Tk 0.25.

The company’s annual general meeting (AGM) is scheduled to be held on November 12 through a hybrid platform. October 19 has been set as the record date to determine shareholders eligible for the dividend.

Listed on the stock market in 1984, Bangas Limited manufactures sweet and savoury biscuits and bread under the Bangas brand. Its product portfolio includes Grand Choice, Evening Touch, Lovely, Wonder, Glucose and Lexus biscuits.

At the latest trading session, the company’s shares closed at Tk 117.40 on the Dhaka Stock Exchange (DSE), significantly higher than its reported NAV per share of Tk 21.10.