Singer Bangladesh Q3 loss widens 61% to Tk77cr on soaring finance

TBS Report

26 October, 2026, 06:35 pm

Last modified: 26 October, 2026, 06:37 pm

Singer Bangladesh Limited reported a 61% expansion in its net loss for the July-September quarter of 2026, driven by rising operational expenses and heavy finance costs despite top-line growth.

According to the unaudited financial statements approved at a board meeting today (26 October), the multinational electronics manufacturer posted a net loss of Tk77.16 crore for the third quarter, compared to Tk47.96 crore in the same period last year.

Consequently, loss per share widened to Tk7.74 from Tk4.81, even as quarterly revenue grew 7% to Tk439 crore.

For the first nine months (January-September) of 2026, total net loss reached Tk119.44 crore, pushing loss per share to Tk11.98. During the nine months, its revenue stood at Tk1,854 crore.

The sustained losses have dragged the company's net asset value (NAV) per share into negative territory at Tk10.29, with retained earnings ballooning to negative Tk269 crore. Trading in the "Z" category, the company's accumulated losses exceed its paid-up capital.

Company sources indicated that although gross profit margin improved slightly by 0.84% in Q3 due to a 4.08% turnover increase, selling prices could not be adjusted to absorb higher product costs driven by promotional offers and channel mix.

Although operating profit remained nearly static, heavy net finance costs of Tk204.84 crore in the first nine months led to a pre-tax loss of Tk108.07 crore.

A 6.81% rise in Q3 finance costs stemmed from a 16% increase in short-term borrowing utilisation, while operating expenses grew 8.5% due to higher depreciation, salaries, and utility costs.

Conversely, net operating cash flow per share (NOCFPS) improved to Tk15.14 from Tk14.48 in Q3 2025 due to prudent supplier payment management and collection.

In 2025, Singer failed to declare a dividend for the first time in its history. Its shares closed at Tk75.30 on the DSE today.