Jamuna Oil cuts FY26 dividend as profit declines at Bangladesh fuel marketer
Bangladesh's listed fuel distribution sector is seeing a weaker payout from Jamuna Oil after earnings retreated in the fiscal year ended 30 June 2026. The Bangladesh Petroleum Corporation subsidiary recommends a Tk12 cash dividend per share, down from Tk18 a year earlier, with shareholder approval due in January 2027.
Highlights
- Jamuna Oil proposes a 120% cash dividend (Tk12 per share) for FY26, down from 180% in FY25, after a 34.38% net profit decline.
- FY26 net profit after tax falls to Tk425.34 crore from Tk648.19 crore last year, with earnings per share dropping to Tk38.52 from Tk58.70.
- Shareholder eligibility record date set for 2 December 2026; dividend subject to approval at AGM scheduled for 23 January 2027.
Dividend proposal and FY26 earnings
As reported by The Business Standard, Jamuna Oil Company PLC has recommended a 120% cash dividend for fiscal 2025-26 after its annual net profit fell 34.38%. The company disclosed the proposal in a price-sensitive notice issued after its board meeting on 8 November.The proposed payout amounts to Tk12 per share against a face value of Tk10, compared with a 180% cash dividend in the previous fiscal year. The dividend remains subject to shareholder approval at the annual general meeting, which is scheduled for 23 January 2027 at 11 a.m. through a digital platform.
Jamuna Oil reports net profit after tax of Tk425.34 crore in FY26, down from Tk648.19 crore in FY25. Its earnings per share also decline to Tk38.52 for the year ended 30 June 2026 from Tk58.70 a year earlier.
Shareholder timeline and sector context
The record date for determining shareholder eligibility is set for 2 December 2026. Investors on the register by that date are set to qualify for the proposed cash distribution if shareholders approve the board's recommendation.As a state-owned subsidiary of Bangladesh Petroleum Corporation, Jamuna Oil's lower dividend signals weaker annual profitability at one of the country's fuel marketing companies. The reduction in payout aligns with the drop in earnings and narrows the return to shareholders from the prior fiscal year.
Our earlier coverage of Equites Property Fund’s interim distribution update explained how the REIT raised its payout for the six months ended 31 August 2026 while accelerating its exit from the UK. We noted that proceeds from the Aviva portfolio sale helped reduce leverage and build liquidity, supporting FY27 guidance and funding a pivot toward logistics-led growth in South Africa.
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