Listed financial institution Midas Finance PLC has decided not to pay any dividend to its shareholders for 2025 due to significant losses.
The company disclosed the decision through the Dhaka Stock Exchange (DSE) on Tuesday.
According to its financial statements, Midas Finance posted a loss per share (EPS) of Tk 23.40 in 2025, sharply higher than the loss of Tk 2.24 recorded a year earlier.
The company’s financial performance also deteriorated further during the first six months of the current financial year. Its consolidated loss per share stood at Tk 6.21 during January-June, compared with Tk 3.26 in the same period a year earlier, representing an increase of about 90%.
However, the company showed some improvement in the second quarter. Its consolidated loss per share narrowed to Tk 1.43 during April-June, from Tk 1.83 in the corresponding period of the previous year, a reduction of around 22%.
Midas Finance will seek shareholders’ approval for the decision not to pay dividends and other agenda items at its annual general meeting (AGM) scheduled for September 24.
The record date for determining eligible shareholders has been set for September 2.
As of June 30, the company’s net asset value per share (NAVPS) stood at negative Tk 24.87, highlighting its weak financial position.
