Walton Hi-Tech Industries posted an 8.5 per cent year-on-year rise in profit to Tk 11.25 billion in FY26, as higher sales and sharply lower finance costs boosted earnings despite a challenging business environment.
The electronics and home-appliance manufacturer reported earnings per share (EPS) of Tk 33.75 for the year, up from Tk 31.11 a year earlier, according to a disclosure to the stock exchanges on Sunday.
The company attributed the profit growth mainly to higher sales and a significant reduction in finance costs following partial repayment of loans.
Walton's sales increased 4.4 per cent year-on-year to Tk 73.93 billion during FY26, while finance costs dropped nearly 60 per cent to Tk 1.81 billion.
Following the earnings growth, the company's board recommended a 180 per cent cash dividend and a 10 per cent stock dividend for FY26.
Walton said the stock dividend was proposed to finance its ongoing green-energy capacity expansion, aimed at ensuring uninterrupted power supply amid the growing energy crisis.
The company said the stock dividend would be paid only from retained earnings. It would not be sourced from capital or revaluation reserves, unrealised gains or profits earned before incorporation, nor through any reduction in paid-up capital or any measure that would leave retained earnings negative after the dividend payout.
Walton's net operating cash flow per share (NOCFPS) increased to Tk 63.72 in FY26 from Tk 52.91 a year earlier. The improvement was mainly driven by an increase in collections from customers, while payments to suppliers declined.
The company's net asset value (NAV) per share stood at Tk 381.26 with revaluation and Tk 280.24 without revaluation, compared with Tk 363.40 and Tk 262.08, respectively, a year earlier.
The company will hold its annual general meeting on October 15, while September 20 has been set as the record date.
Following the disclosure, Walton's share price rose 1.50 per cent to Tk 399.10 on Sunday on the Dhaka Stock Exchange, even as the broader market closed lower.
Expanding global footprint
Alongside its domestic business, Walton has been expanding its overseas market presence and now exports products to more than 55 countries across Asia, the Middle East, Africa, Europe and the Americas.
The company has also been adding high-value technology products to its export portfolio as it seeks to broaden its international business.
Last month, Walton signed a three-year global distributorship agreement with a Libya-based company for the sale, distribution and marketing of its products in Libya.
Earlier, in May last year, the company signed long-term distribution agreements covering Singapore, Sri Lanka and 16 territories under a deal with Barbados-based Bargain Warehouse Inc.
Digi-Tech merger
The High Court earlier this month approved the merger of non-listed Walton Digi-Tech Industries with listed Walton Hi-Tech Industries, clearing a major legal hurdle for the group's corporate restructuring.
The merger is expected to bring the operations and corporate structure of the two entities under the listed company, potentially allowing the group to streamline resources
The consolidation will also add Digi-Tech products to Walton Hi-Tech's portfolio, including laptops, computers, mobile phones, printed circuit boards (PCB) and electric bikes.
Walton said the merger would enhance its operational capacity, expand market reach and reduce operating costs.
Walton Hi-Tech currently ranks as the fifth-largest listed company by market capitalisation, with its market value standing at around Tk 133 billion as of Sunday.
