Titas Gas incurred cumulative losses of Tk2,276 crore over four consecutive years through FY26.
TBS Report
27 October, 2026, 09:45 pm
Last modified: 27 October, 2026, 09:46 pm
Titas Gas Transmission and Distribution PLC reported a net loss of Tk595 crore in FY26, with a loss per share of Tk6.02, narrowing from Tk772 crore in the previous fiscal year.
Despite the loss, the state-owned gas distribution company has recommended a 2% cash dividend for its shareholders, according to a disclosure published on the stock exchanges today (27 October).
With the latest loss, the company's cumulative losses have reached Tk2,275 crore since FY23.
Its net asset value (NAV) per share fell to Tk83.94 at the end of June 2026, down from Tk90.13 a year earlier.
Meanwhile, net operating cash flow per share (NOCFPS) fell into negative territory at negative Tk2.70 for FY26, sharply declining from Tk18.17 in FY25. Negative NOCFPS means the company is currently suffering from an operating cash crisis.
To approve the latest annual accounts and the recommended dividend, the company has scheduled its Annual General Meeting (AGM) for 24 December.
Also, 17 November has been set as the record date for determining shareholders eligible for the recommended dividend and participation in the AGM.
The paid-up capital of Titas Gas Tk989.22 crore dividend by 98.92 crore shares. Out of its total shares, the government held 75%, out of 25% stake -- institutional investors 15.19%, foreign investors 0.03% and the general public held 9.78% as of September 2026.
Titas Gas shares price today closed at Tk16.50 each at the Dhaka Stock Exchange.