DSE : ADNTEL
ADN Telecom Limited — Financial statements
Telephone Communications, Except Radiotelephone · Bangladesh
Last price 54.5 BDT (At close: Oct 29, 2026) · Market cap 3.52B
Latest research: ADN Telecom financial analysis: 19% revenue growth, margin squeeze, BDT 1bn preference share plan (Oct 2026) · ADN Telecom: revenue up 19% in 9M FY2026 but network costs cut gross margin to 31%; FY2026 EPS fell to BDT 2.29
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Financial statements
ADN Telecom Limited (ADNTEL) reported revenue of 2.05B BDT (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 2.05B | 1.80B | 1.51B | 1.35B | 1.15B | 1.14B |
| Cost of Revenue | 1.44B | 1.16B | 929.88M | 730.07M | 683.66M | 687.60M |
| Gross Profit | 613.15M | 636.35M | 577.18M | 616.50M | 471.27M | 453.44M |
| Selling, General & Admin | 377.17M | 374.79M | 338.98M | 302.81M | 279.70M | 266.84M |
| Operating Expenses | 377.17M | 374.79M | 338.98M | 302.81M | 279.70M | 266.84M |
| Operating Income | 235.98M | 261.56M | 238.21M | 313.69M | 191.57M | 186.60M |
| Interest Expense | -62.11M | -62.41M | -33.62M | -17.12M | -18.22M | -12.11M |
| Interest & Investment Income | 23.67M | 19.73M | 11.45M | 10.93M | 9.87M | 14.83M |
| Earnings From Equity Investments | -17.44M | -12.23M | -3.14M | 877.08K | 420.12K | 818.14K |
| Currency Exchange Gain (Loss) | 4.05M | 9.30M | 12.05M | 11.62M | 8.87M | 216.30K |
| Other Non Operating Income (Expenses) | 2.93M | -1.33M | -4.89M | 818.50K | -780.78K | -667.81K |
| EBT Excluding Unusual Items | 187.08M | 214.61M | 220.06M | 320.82M | 191.74M | 189.69M |
| Gain (Loss) on Sale of Assets | 4.47M | 4.47M | 1.36M | |||
| Pretax Income | 191.55M | 219.09M | 220.06M | 322.18M | 191.74M | 189.69M |
| Income Tax Expense | 42.53M | 54.84M | 69.25M | 64.26M | 24.11M | 23.82M |
| Earnings From Continuing Operations | 149.03M | 164.25M | 150.81M | 257.92M | 167.63M | 165.86M |
| Minority Interest in Earnings | 1.75M | 852.77K | -1.34M | 253.85K | ||
| Net Income | 150.78M | 165.10M | 149.47M | 258.17M | 167.63M | 165.86M |
| Net Income to Common | 150.78M | 165.10M | 149.47M | 258.17M | 167.63M | 165.86M |
| Shares Outstanding (Basic) | 64.65M | 64.65M | 64.65M | 64.65M | 64.65M | 64.65M |
| Shares Outstanding (Diluted) | 64.65M | 64.65M | 64.65M | 64.65M | 64.65M | 64.65M |
| EPS (Basic) | 2.33 | 2.55 | 2.31 | 3.99 | 2.59 | 2.57 |
| EPS (Diluted) | 2.33 | 2.55 | 2.31 | 3.99 | 2.59 | 2.57 |
| Free Cash Flow | 257.85M | 247.10M | -16.39M | 8.22M | 16.11M | 14.05M |
| Free Cash Flow Per Share | 3.99 | 3.82 | -0.25 | 0.13 | 0.25 | 0.22 |
| Dividend Per Share | 1.00 | 1.00 | 1.00 | 1.50 | 1.00 | 1.00 |
| Gross Margin | 29.91% | 35.37% | 38.30% | 45.78% | 40.80% | 39.74% |
| Operating Margin | 11.51% | 14.54% | 15.81% | 23.30% | 16.59% | 16.35% |
| Profit Margin | 7.35% | 9.18% | 9.92% | 19.17% | 14.52% | 14.54% |
| Free Cash Flow Margin | 12.58% | 13.73% | -1.09% | 0.61% | 1.40% | 1.23% |
| EBITDA | 383.73M | 382.69M | 360.92M | 399.93M | 276.53M | 260.67M |
| EBITDA Margin | 18.72% | 21.27% | 23.95% | 29.70% | 23.94% | 22.84% |
| D&A For EBITDA | 147.75M | 121.13M | 122.72M | 86.23M | 84.96M | 74.07M |
| EBIT | 235.98M | 261.56M | 238.21M | 313.69M | 191.57M | 186.60M |
| EBIT Margin | 11.51% | 14.54% | 15.81% | 23.30% | 16.59% | 16.35% |
| Effective Tax Rate | 22.20% | 25.03% | 31.47% | 19.94% | 12.57% | 12.56% |
| Advertising Expenses | 3.91M | 10.76M | 9.83M | 18.42M | 17.67M |
Balance sheet
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 67.65M | 97.00M | 95.89M | 156.65M | 285.89M | 270.34M |
| Short-Term Investments | 195.05M | 184.39M | 128.02M | 100.81M | 71.54M | 52.97M |
| Cash & Short-Term Investments | 262.70M | 281.39M | 223.91M | 257.46M | 357.43M | 323.31M |
| Accounts Receivable | 800.67M | 750.97M | 821.76M | 802.05M | 443.00M | 429.12M |
| Other Receivables | 129.85M | 124.56M | ||||
| Receivables | 800.67M | 750.97M | 821.76M | 802.05M | 572.84M | 553.67M |
| Inventory | 5.99M | 5.99M | 5.81M | 6.72M | ||
| Other Current Assets | 421.40M | 330.89M | 301.16M | 211.21M | 268.00M | 223.17M |
| Total Current Assets | 1.49B | 1.37B | 1.35B | 1.28B | 1.20B | 1.10B |
| Property, Plant & Equipment | 1.75B | 1.76B | 1.73B | 1.40B | 1.34B | 1.22B |
| Long-Term Investments | 187.81M | 157.61M | 113.65M | 63.02M | 14.91M | 14.49M |
| Goodwill | 55.24M | 60.42M | 67.32M | 17.02M | ||
| Other Intangible Assets | 16.74M | 15.01M | 9.26M | 515.08K | 505.12K | 631.40K |
| Other Long-Term Assets | 1.00 | 1.00 | ||||
| Total Assets | 3.50B | 3.36B | 3.28B | 2.76B | 2.56B | 2.34B |
| Accounts Payable | 284.68M | 251.39M | 253.29M | 143.80M | 130.38M | 164.02M |
| Accrued Expenses | 146.41M | 105.94M | 134.76M | 76.26M | 152.44M | 129.09M |
| Short-Term Debt | 150.01M | 108.53M | 91.43M | 62.34M | 28.47M | 15.11M |
| Current Portion of Long-Term Debt | 85.60M | 114.36M | 79.62M | 47.24M | 63.54M | 33.93M |
| Current Portion of Leases | 53.33M | 52.93M | 42.99M | 36.63M | 41.33M | 42.55M |
| Current Income Taxes Payable | 88.27M | 52.32M | 39.65M | 37.88M | 28.67M | 31.49M |
| Other Current Liabilities | 6.89M | 19.15M | 41.62M | 24.91M | 52.44M | 41.51M |
| Total Current Liabilities | 815.19M | 704.63M | 683.35M | 429.06M | 497.27M | 457.71M |
| Long-Term Debt | 142.80M | 185.80M | 262.76M | 93.97M | 100.11M | 28.42M |
| Long-Term Leases | 77.22M | 70.65M | 48.26M | 34.67M | 44.78M | 36.45M |
| Pension & Post-Retirement Benefits | 161.99M | 147.05M | 99.71M | 84.77M | ||
| Long-Term Deferred Tax Liabilities | 120.00M | 131.30M | 149.46M | 137.48M | 131.35M | 135.91M |
| Other Long-Term Liabilities | -1.00 | |||||
| Total Liabilities | 1.32B | 1.24B | 1.24B | 779.95M | 773.51M | 658.49M |
| Common Stock | 646.52M | 646.52M | 646.52M | 646.52M | 646.52M | 646.52M |
| Additional Paid-In Capital | 413.70M | 413.70M | 413.70M | 413.70M | 413.70M | 413.70M |
| Retained Earnings | 1.12B | 1.06B | 966.57M | 914.08M | 721.57M | 618.59M |
| Total Common Equity | 2.18B | 2.12B | 2.03B | 1.97B | 1.78B | 1.68B |
| Minority Interest | 1.27M | 1.92M | 6.06M | 1.73M | ||
| Shareholders' Equity | 2.18B | 2.12B | 2.03B | 1.98B | 1.78B | 1.68B |
| Total Liabilities & Equity | 3.50B | 3.36B | 3.28B | 2.76B | 2.56B | 2.34B |
| Total Debt | 508.96M | 532.27M | 525.06M | 274.84M | 278.23M | 156.46M |
| Net Cash (Debt) | -246.26M | -250.89M | -301.15M | -17.39M | 79.20M | 166.85M |
| Net Cash Per Share | -3.81 | -3.88 | -4.66 | -0.27 | 1.22 | 2.58 |
| Filing Date Shares Outstanding | 64.65M | 64.65M | 64.65M | 64.65M | 64.65M | 64.65M |
| Total Common Shares Outstanding | 64.65M | 64.65M | 64.65M | 64.65M | 64.65M | 64.65M |
| Working Capital | 675.57M | 664.61M | 669.28M | 848.38M | 701.00M | 642.45M |
| Book Value Per Share | 33.68 | 32.82 | 31.35 | 30.54 | 27.56 | 25.97 |
| Tangible Book Value | 2.11B | 2.05B | 1.95B | 1.96B | 1.78B | 1.68B |
| Tangible Book Value Per Share | 32.57 | 31.65 | 30.16 | 30.27 | 27.55 | 25.96 |
| Land | 195.44M | 54.88M | 54.88M | 54.88M | ||
| Machinery | 1.99B | 1.81B | 1.66B | 1.56B |
Cash flow statement
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 150.78M | 165.10M | 149.47M | 258.17M | 167.63M | 165.86M |
| Depreciation & Amortization | 246.70M | 169.41M | 168.97M | 127.11M | 121.96M | 111.58M |
| Other Amortization | 2.30M | 1.54M | 1.31M | 126.28K | 143.79K | |
| Loss (Gain) on Equity Investments | -420.12K | -818.14K | ||||
| Other Operating Activities | -8.75M | 35.57M | 65.29M | -219.01M | 122.80K | 1.66M |
| Change in Accounts Receivable | -24.23M | -119.28M | ||||
| Change in Accounts Payable | -16.49M | 18.99M | ||||
| Change in Income Taxes | -2.82M | 167.59K | ||||
| Change in Other Net Operating Assets | -29.30M | -34.79M | ||||
| Operating Cash Flow | 391.03M | 371.62M | 385.03M | 166.28M | 212.02M | 135.85M |
| Capital Expenditures | -133.18M | -124.53M | -401.43M | -158.06M | -195.91M | -121.79M |
| Investment in Securities | -138.63M | -106.51M | -128.29M | -57.53M | -10.32M | 15.03M |
| Other Investing Activities | -82.08M | -82.08M | -69.23M | -25.30M | -45.64M | -40.61M |
| Investing Cash Flow | -353.89M | -313.12M | -598.94M | -240.90M | -251.87M | -147.36M |
| Short-Term Debt Issued | 154.21M | 43.27M | ||||
| Long-Term Debt Issued | 32.33M | 250.21M | 24.68M | 130.40M | 50.00M | |
| Total Debt Issued | 31.24M | 32.33M | 250.21M | 24.68M | 284.61M | 93.27M |
| Short-Term Debt Repaid | -140.85M | -65.24M | ||||
| Long-Term Debt Repaid | -25.12M | -14.82M | -23.88M | -38.64M | ||
| Lease Payments | -2.81M | -14.82M | -31.84M | |||
| Total Debt Repaid | -10.75M | -25.12M | -14.82M | -164.73M | -103.88M | |
| Net Debt Issued (Repaid) | 20.49M | 7.21M | 250.21M | 9.86M | 119.88M | -10.60M |
| Common Dividends Paid | -64.55M | -64.61M | -97.06M | -64.49M | -64.48M | -96.54M |
| Other Financing Activities | -1.00 | -1.00 | 1.00 | 1.00 | ||
| Financing Cash Flow | -44.06M | -57.40M | 153.15M | -54.63M | 55.40M | -107.14M |
| Miscellaneous Cash Flow Adjustments | -2.00 | -2.00 | ||||
| Net Cash Flow | -6.92M | 1.10M | -60.75M | -129.24M | 15.55M | -118.66M |
| Free Cash Flow | 257.85M | 247.10M | -16.39M | 8.22M | 16.11M | 14.05M |
| Free Cash Flow Margin | 12.58% | 13.73% | -1.09% | 0.61% | 1.40% | 1.23% |
| Free Cash Flow Per Share | 3.99 | 3.82 | -0.25 | 0.13 | 0.25 | 0.22 |
| Levered Free Cash Flow | 192.21M | 171.25M | -25.56M | -105.81M | -31.66M | -10.37M |
| Unlevered Free Cash Flow | 231.03M | 210.26M | -4.55M | -95.11M | -20.28M | -2.79M |
| Free Cash Flow After Leases | 255.03M | 247.10M | -16.39M | -6.60M | 16.11M | -17.79M |
| Cash Interest Paid | 31.04M | 39.54M | 25.54M | 19.47M | 18.22M | 12.11M |
| Cash Income Tax Paid | 60.21M | 60.45M | 55.51M | 48.89M | 31.49M | 31.32M |
| Change in Working Capital | -77.40M | -142.58M |
Ratios
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.52B | 4.51B | 6.41B | 8.51B | 4.25B | 3.21B |
| Enterprise Value | 3.77B | 4.78B | 6.65B | 8.47B | 4.21B | 3.01B |
| Last Close Price | 54.50 | 68.51 | 96.10 | 126.13 | 62.21 | 46.14 |
| PE Ratio | 23.37 | 27.33 | 42.87 | 32.98 | 25.38 | 19.33 |
| PS Ratio | 1.72 | 2.51 | 4.25 | 6.32 | 3.68 | 2.81 |
| PB Ratio | 1.62 | 2.12 | 3.15 | 4.31 | 2.39 | 1.91 |
| P/TBV Ratio | 1.67 | 2.21 | 3.29 | 4.35 | 2.39 | 1.91 |
| P/FCF Ratio | 13.67 | 18.26 | 1,036.35 | 264.08 | 228.16 | |
| P/OCF Ratio | 9.01 | 12.14 | 16.64 | 51.21 | 20.07 | 23.61 |
| EV/Sales Ratio | 1.84 | 2.66 | 4.42 | 6.29 | 3.64 | 2.63 |
| EV/EBITDA Ratio | 8.79 | 12.49 | 18.44 | 21.18 | 15.22 | 11.53 |
| EV/EBIT Ratio | 17.26 | 18.27 | 27.93 | 27.00 | 21.96 | 16.11 |
| EV/FCF Ratio | 14.63 | 19.34 | 1,030.90 | 261.21 | 213.88 | |
| Debt / Equity Ratio | 0.23 | 0.25 | 0.26 | 0.14 | 0.16 | 0.09 |
| Debt / EBITDA Ratio | 1.14 | 1.24 | 1.29 | 0.62 | 0.89 | 0.52 |
| Debt / FCF Ratio | 1.97 | 2.15 | 33.45 | 17.27 | 11.13 | |
| Net Debt / Equity Ratio | 0.11 | 0.12 | 0.15 | 0.01 | -0.04 | -0.10 |
| Net Debt / EBITDA Ratio | 0.64 | 0.66 | 0.83 | 0.04 | -0.29 | -0.64 |
| Net Debt / FCF Ratio | 0.95 | 1.01 | -18.37 | 2.12 | -4.92 | -11.87 |
| Asset Turnover | 0.60 | 0.54 | 0.50 | 0.51 | 0.47 | 0.50 |
| Inventory Turnover | 243.64 | 197.11 | 148.47 | |||
| Quick Ratio | 1.30 | 1.47 | 1.53 | 2.47 | 1.87 | 1.92 |
| Current Ratio | 1.83 | 1.94 | 1.98 | 2.98 | 2.41 | 2.40 |
| Return on Equity (ROE) | 6.96% | 7.90% | 7.52% | 13.73% | 9.69% | 10.02% |
| Return on Assets (ROA) | 4.33% | 4.92% | 4.94% | 7.38% | 4.89% | 5.10% |
| Return on Invested Capital (ROIC) | 7.64% | 8.33% | 7.54% | 13.59% | 10.42% | 11.60% |
| Return on Capital Employed (ROCE) | 8.80% | 9.80% | 9.20% | 13.50% | 9.30% | 9.90% |
| Earnings Yield | 4.28% | 3.66% | 2.33% | 3.03% | 3.94% | 5.17% |
| FCF Yield | 7.32% | 5.48% | -0.26% | 0.10% | 0.38% | 0.44% |
| Dividend Yield | 1.84% | 1.43% | 1.01% | 1.14% | 1.52% | 2.02% |
| Payout Ratio | 42.81% | 39.13% | 64.94% | 24.98% | 38.46% | 58.20% |
| Buyback Yield / Dilution | -14.39% | |||||
| Total Shareholder Return | 1.84% | 1.43% | 1.01% | 1.14% | 1.52% | -12.38% |