DSE : APEXFOODS
Apex Foods Limited — Financial statements
Canned, Frozen, And Preserved Fruits, Vegetables, and Food Specialties · Bangladesh
Last price 281.6 BDT (At close: Nov 1, 2026) · Market cap 1.61B
Latest research: Apex Foods financial analysis: 31% plant utilisation, tax 55% of profit before tax, FY2026 EPS BDT 14.21 (Oct 2026) · Apex Foods: shrimp exports of 1,963 tonnes in FY2025 from 2,953 in FY2022; FY2026 EPS BDT 14.21 announced on DSE
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Financial statements
Apex Foods Limited (APEXFOODS) reported revenue of 2.83B 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 | 2.83B | 2.16B | 2.03B | 2.42B | 3.51B | 2.76B |
| Cost of Revenue | 2.57B | 1.93B | 1.84B | 2.15B | 3.14B | 2.53B |
| Gross Profit | 259.62M | 225.43M | 194.34M | 266.23M | 376.69M | 230.45M |
| Selling, General & Admin | 177.02M | 165.04M | 131.75M | 157.49M | 261.26M | 128.43M |
| Research & Development | 6.81M | 10.32M | 9.36M | |||
| Other Operating Expenses | -1.00 | 216.02K | 370.31K | |||
| Operating Expenses | 177.02M | 165.04M | 131.75M | 165.23M | 273.76M | 141.45M |
| Operating Income | 82.60M | 60.39M | 62.59M | 101.00M | 102.93M | 89.00M |
| Interest Expense | -24.94M | -15.47M | -6.87M | -15.61M | -32.87M | -49.29M |
| Interest & Investment Income | 49.45M | 46.94M | 32.47M | 21.95M | 16.91M | 16.44M |
| Currency Exchange Gain (Loss) | -212.00 | -55.21K | 54.54K | 198.48K | 35.84K | -212.00 |
| Other Non Operating Income (Expenses) | -11.33M | -10.32M | -7.89M | -7.94M | -9.72M | -8.04M |
| EBT Excluding Unusual Items | 95.78M | 81.48M | 80.35M | 99.60M | 77.28M | 48.10M |
| Pretax Income | 95.78M | 81.48M | 80.35M | 99.60M | 77.28M | 48.10M |
| Income Tax Expense | 53.95M | 44.94M | 48.10M | 48.77M | 47.97M | 36.30M |
| Net Income | 41.83M | 36.54M | 32.25M | 50.83M | 29.32M | 11.80M |
| Net Income to Common | 41.83M | 36.54M | 32.25M | 50.83M | 29.32M | 11.80M |
| Shares Outstanding (Basic) | 5.70M | 5.70M | 5.70M | 5.70M | 5.70M | 5.70M |
| Shares Outstanding (Diluted) | 5.70M | 5.70M | 5.70M | 5.70M | 5.70M | 5.70M |
| EPS (Basic) | 7.34 | 6.41 | 5.66 | 8.91 | 5.14 | 2.07 |
| EPS (Diluted) | 7.34 | 6.41 | 5.66 | 8.91 | 5.14 | 2.07 |
| Free Cash Flow | 14.00M | -346.41M | 115.81M | 452.11M | 336.54M | 237.66M |
| Free Cash Flow Per Share | 2.46 | -60.75 | 20.31 | 79.28 | 59.02 | 41.68 |
| Dividend Per Share | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Gross Margin | 9.17% | 10.46% | 9.55% | 11.00% | 10.72% | 8.35% |
| Operating Margin | 2.92% | 2.80% | 3.08% | 4.17% | 2.93% | 3.23% |
| Profit Margin | 1.48% | 1.70% | 1.58% | 2.10% | 0.83% | 0.43% |
| Free Cash Flow Margin | 0.49% | -16.07% | 5.69% | 18.68% | 9.58% | 8.61% |
| EBITDA | 97.56M | 76.62M | 79.31M | 117.17M | 117.87M | 105.45M |
| EBITDA Margin | 3.44% | 3.55% | 3.90% | 4.84% | 3.36% | 3.82% |
| D&A For EBITDA | 14.96M | 16.24M | 16.72M | 16.17M | 14.95M | 16.45M |
| EBIT | 82.60M | 60.39M | 62.59M | 101.00M | 102.93M | 89.00M |
| EBIT Margin | 2.92% | 2.80% | 3.08% | 4.17% | 2.93% | 3.23% |
| Effective Tax Rate | 56.33% | 55.15% | 59.86% | 48.96% | 62.07% | 75.46% |
| Advertising Expenses | 5.64M | 8.71M | 13.98M | 8.41M | 5.63M |
Balance sheet
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.35M | 2.94M | 100.11M | 58.68M | 3.22M | 2.88M |
| Short-Term Investments | 425.57M | 399.89M | 373.28M | 291.15M | 224.14M | 214.57M |
| Cash & Short-Term Investments | 427.92M | 402.83M | 473.39M | 349.84M | 227.36M | 217.46M |
| Accounts Receivable | 58.36M | 313.25M | 27.16M | 82.33M | 44.83M | 224.27M |
| Other Receivables | 160.10M | 154.62M | 143.02M | 110.84M | 268.97M | 92.18M |
| Receivables | 218.46M | 467.87M | 170.18M | 193.18M | 313.79M | 316.45M |
| Inventory | 261.72M | 324.05M | 115.30M | 129.13M | 261.34M | 500.61M |
| Prepaid Expenses | 1.34M | 1.34M | 1.34M | 4.25M | 1.41M | 2.24M |
| Other Current Assets | 105.86M | 59.72M | 54.90M | 66.33M | 32.18M | 38.05M |
| Total Current Assets | 1.02B | 1.26B | 815.11M | 742.72M | 836.09M | 1.07B |
| Property, Plant & Equipment | 66.58M | 72.39M | 79.58M | 76.11M | 77.44M | 75.84M |
| Long-Term Investments | 443.12M | 203.67M | 243.87M | 320.14M | 300.45M | 286.31M |
| Other Long-Term Assets | 29.22M | 29.22M | 29.22M | 26.00M | 26.00M | 17.00M |
| Total Assets | 1.55B | 1.56B | 1.17B | 1.16B | 1.24B | 1.45B |
| Accounts Payable | 340.66M | 323.84M | 327.80M | 258.24M | 56.49M | 38.07M |
| Accrued Expenses | 15.85M | 150.25M | 15.48M | 16.73M | 20.64M | 34.00M |
| Short-Term Debt | 66.11M | 261.15M | 651.46K | 1.69M | 320.09M | 605.17M |
| Current Portion of Long-Term Debt | 2.09M | 3.46M | ||||
| Current Portion of Leases | 1.45M | |||||
| Current Income Taxes Payable | 89.98M | 43.89M | 38.62M | 64.78M | 30.80M | 36.10M |
| Current Unearned Revenue | 34.96M | 24.63M | 17.59M | 5.55M | 35.09M | 5.81M |
| Other Current Liabilities | 2.17M | 4.57M | 1.89M | 1.81M | 1.67M | 12.83M |
| Total Current Liabilities | 549.74M | 808.32M | 402.04M | 348.80M | 466.86M | 736.90M |
| Long-Term Debt | 2.16M | |||||
| Long-Term Deferred Tax Liabilities | 56.21M | 33.99M | 36.85M | 39.49M | 53.59M | 34.10M |
| Total Liabilities | 605.94M | 842.30M | 438.89M | 388.29M | 520.44M | 773.15M |
| Common Stock | 57.02M | 57.02M | 57.02M | 57.02M | 57.02M | 57.02M |
| Additional Paid-In Capital | 209.09M | 209.09M | 209.09M | 209.09M | 209.09M | 209.09M |
| Retained Earnings | 304.53M | 290.54M | 265.41M | 244.56M | 205.14M | 187.23M |
| Comprehensive Income & Other | 377.63M | 162.13M | 197.37M | 266.01M | 248.29M | 227.46M |
| Shareholders' Equity | 948.27M | 718.79M | 728.89M | 776.69M | 719.54M | 680.80M |
| Total Liabilities & Equity | 1.55B | 1.56B | 1.17B | 1.16B | 1.24B | 1.45B |
| Total Debt | 66.11M | 261.15M | 651.46K | 1.69M | 322.18M | 612.23M |
| Net Cash (Debt) | 361.80M | 141.68M | 472.74M | 348.15M | -94.82M | -394.78M |
| Net Cash Per Share | 63.45 | 24.85 | 82.90 | 61.05 | -16.63 | -69.23 |
| Filing Date Shares Outstanding | 5.70M | 5.70M | 5.70M | 5.70M | 5.70M | 5.70M |
| Total Common Shares Outstanding | 5.70M | 5.70M | 5.70M | 5.70M | 5.70M | 5.70M |
| Working Capital | 465.57M | 447.50M | 413.07M | 393.92M | 369.23M | 337.91M |
| Book Value Per Share | 166.29 | 126.05 | 127.82 | 136.20 | 126.18 | 119.39 |
| Tangible Book Value | 948.27M | 718.79M | 728.89M | 776.69M | 719.54M | 680.80M |
| Tangible Book Value Per Share | 166.29 | 126.05 | 127.82 | 136.20 | 126.18 | 119.39 |
| Land | 3.39M | 3.39M | 3.39M | 3.39M | 3.39M | |
| Buildings | 118.27M | 117.91M | 106.61M | 103.29M | 100.36M | |
| Machinery | 671.95M | 663.26M | 654.38M | 642.86M | 628.06M |
Cash flow statement
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 41.83M | 36.54M | 32.25M | 50.83M | 29.32M | 11.80M |
| Depreciation & Amortization | 14.96M | 16.24M | 16.72M | 16.17M | 16.14M | 18.82M |
| Other Operating Activities | 18.83M | 13.53M | 22.45M | -22.67M | 32.48M | 24.45M |
| Change in Accounts Receivable | -38.79M | -286.08M | 55.17M | -37.51M | 179.44M | -119.35M |
| Change in Inventory | -10.29M | -208.75M | 13.82M | 132.22M | 239.27M | 400.47M |
| Change in Accounts Payable | 17.79M | -3.97M | 69.56M | 201.75M | 18.42M | -85.72M |
| Change in Income Taxes | -43.37M | -43.37M | -42.64M | |||
| Change in Other Net Operating Assets | 18.49M | 138.49M | -31.06M | 125.89M | -160.70M | -6.01M |
| Operating Cash Flow | 19.46M | -337.37M | 136.28M | 466.68M | 354.35M | 244.48M |
| Capital Expenditures | -5.46M | -9.05M | -20.47M | -14.57M | -17.81M | -6.82M |
| Investment in Securities | -32.65M | -26.61M | -82.13M | -67.02M | -9.56M | -12.90M |
| Other Investing Activities | 48.30M | 41.35M | 26.90M | 18.15M | 18.11M | 20.12M |
| Investing Cash Flow | 10.19M | 5.69M | -75.69M | -63.44M | -9.26M | 401.90K |
| Short-Term Debt Issued | 260.50M | |||||
| Long-Term Debt Issued | 382.71K | |||||
| Total Debt Issued | 200.51M | 260.50M | 382.71K | |||
| Short-Term Debt Repaid | -1.04M | -318.40M | -285.08M | -178.59M | ||
| Long-Term Debt Repaid | -2.09M | -5.01M | -2.33M | |||
| Lease Payments | -1.49M | -2.33M | ||||
| Total Debt Repaid | -195.04M | -1.04M | -320.48M | -290.09M | -180.93M | |
| Net Debt Issued (Repaid) | 5.47M | 260.50M | -1.04M | -320.48M | -290.09M | -180.55M |
| Issuance of Common Stock | 1.05M | 1.05M | ||||
| Common Dividends Paid | -11.55M | -11.51M | -11.31M | -11.52M | -22.01M | -13.82M |
| Other Financing Activities | -24.94M | -15.47M | -6.87M | -15.76M | -32.69M | -49.86M |
| Financing Cash Flow | -29.97M | 234.57M | -19.22M | -347.76M | -344.79M | -244.22M |
| Foreign Exchange Rate Adjustments | 2.05K | -53.95K | 54.54K | -13.74K | 35.84K | -212.00 |
| Miscellaneous Cash Flow Adjustments | 1.00 | 1.00 | 1.00 | |||
| Net Cash Flow | -322.72K | -97.16M | 41.42M | 55.46M | 336.62K | 655.28K |
| Free Cash Flow | 14.00M | -346.41M | 115.81M | 452.11M | 336.54M | 237.66M |
| Free Cash Flow Margin | 0.49% | -16.07% | 5.69% | 18.68% | 9.58% | 8.61% |
| Free Cash Flow Per Share | 2.46 | -60.75 | 20.31 | 79.28 | 59.02 | 41.68 |
| Levered Free Cash Flow | 31.74M | -330.22M | 136.51M | 473.25M | 308.59M | 215.11M |
| Unlevered Free Cash Flow | 47.33M | -320.54M | 140.80M | 483.00M | 329.13M | 245.92M |
| Free Cash Flow After Leases | 14.00M | -346.41M | 115.81M | 452.11M | 335.06M | 235.33M |
| Cash Interest Paid | 24.94M | 15.47M | 6.87M | 15.76M | 32.69M | 49.86M |
| Cash Income Tax Paid | 54.09M | 43.37M | 42.64M | 65.11M | 31.41M | 44.70M |
| Change in Working Capital | -56.17M | -403.67M | 64.86M | 422.35M | 276.42M | 189.39M |
Ratios
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.68B | 1.11B | 1.50B | 2.45B | 1.04B | 709.38M |
| Enterprise Value | 1.32B | 771.99M | 1.13B | 2.20B | 1.12B | 1.08B |
| Last Close Price | 294.90 | 192.45 | 258.07 | 418.39 | 175.86 | 118.50 |
| PE Ratio | 40.20 | 30.32 | 46.50 | 48.10 | 35.38 | 60.09 |
| PS Ratio | 0.59 | 0.51 | 0.74 | 1.01 | 0.29 | 0.26 |
| PB Ratio | 1.77 | 1.54 | 2.06 | 3.15 | 1.44 | 1.04 |
| P/TBV Ratio | 1.77 | 1.54 | 2.06 | 3.15 | 1.44 | 1.04 |
| P/FCF Ratio | 120.11 | 12.95 | 5.41 | 3.08 | 2.98 | |
| P/OCF Ratio | 86.43 | 11.01 | 5.24 | 2.93 | 2.90 | |
| EV/Sales Ratio | 0.47 | 0.36 | 0.56 | 0.91 | 0.32 | 0.39 |
| EV/EBITDA Ratio | 13.53 | 10.07 | 14.23 | 18.77 | 9.53 | 10.25 |
| EV/EBIT Ratio | 15.98 | 12.78 | 18.04 | 21.77 | 10.92 | 12.14 |
| EV/FCF Ratio | 94.27 | 9.75 | 4.86 | 3.34 | 4.55 | |
| Debt / Equity Ratio | 0.07 | 0.36 | 0.00 | 0.00 | 0.45 | 0.90 |
| Debt / EBITDA Ratio | 0.68 | 3.41 | 0.01 | 0.01 | 2.71 | 5.68 |
| Debt / FCF Ratio | 4.72 | 0.01 | 0.00 | 0.96 | 2.58 | |
| Net Debt / Equity Ratio | -0.38 | -0.20 | -0.65 | -0.45 | 0.13 | 0.58 |
| Net Debt / EBITDA Ratio | -3.71 | -1.85 | -5.96 | -2.97 | 0.80 | 3.74 |
| Net Debt / FCF Ratio | -25.84 | 0.41 | -4.08 | -0.77 | 0.28 | 1.66 |
| Asset Turnover | 2.07 | 1.58 | 1.75 | 2.01 | 2.61 | 1.74 |
| Inventory Turnover | 10.03 | 8.79 | 15.06 | 11.03 | 8.23 | 3.61 |
| Quick Ratio | 1.18 | 1.08 | 1.60 | 1.56 | 1.16 | 0.72 |
| Current Ratio | 1.85 | 1.55 | 2.03 | 2.13 | 1.79 | 1.46 |
| Return on Equity (ROE) | 5.03% | 5.05% | 4.28% | 6.79% | 4.19% | 1.73% |
| Return on Assets (ROA) | 3.77% | 2.77% | 3.35% | 5.25% | 4.78% | 3.51% |
| Return on Invested Capital (ROIC) | 5.13% | 6.50% | 7.34% | 8.29% | 4.13% | 1.86% |
| Return on Capital Employed (ROCE) | 8.20% | 8.00% | 8.20% | 12.40% | 13.30% | 12.40% |
| Earnings Yield | 2.49% | 3.30% | 2.15% | 2.08% | 2.83% | 1.66% |
| FCF Yield | 0.83% | -31.26% | 7.72% | 18.49% | 32.45% | 33.50% |
| Dividend Yield | 0.68% | 1.03% | 0.76% | 0.47% | 1.10% | 1.61% |
| Payout Ratio | 27.61% | 31.50% | 35.06% | 22.65% | 75.09% | 117.08% |
| Total Shareholder Return | 0.68% | 1.03% | 0.76% | 0.47% | 1.10% | 1.61% |