DSE : BDCOM
BDCOM Online Ltd. — Financial statements
Communications Services, Not Elsewhere Classified · Bangladesh
Last price 27 BDT (At close: Oct 29, 2026) · Market cap 1.70B
Latest research: BDCOM Online financial analysis: EPS BDT 0.80, NAV BDT 15.16, 10% cash dividend for FY2026 (Oct 2026) · BDCOM Online: FY2026 EPS BDT 0.80 (FY2025 restated BDT 0.82); 9M FY2026 operating profit BDT 32.4m (9M FY2025: BDT 58.9m)
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Financial statements
BDCOM Online Ltd. (BDCOM) reported revenue of 828.99M 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 | 828.99M | 815.45M | 778.86M | 713.42M | 727.38M | 657.61M |
| Cost of Revenue | 379.27M | 367.30M | 361.72M | 319.84M | 334.11M | 309.63M |
| Gross Profit | 449.72M | 448.15M | 417.14M | 393.58M | 393.27M | 347.97M |
| Selling, General & Admin | 338.05M | 312.82M | 284.56M | 261.14M | 258.30M | 250.69M |
| Other Operating Expenses | 205.12K | 205.12K | 163.43K | 545.42K | 137.86K | 137.86K |
| Operating Expenses | 398.97M | 371.91M | 340.66M | 312.92M | 310.32M | 300.05M |
| Operating Income | 50.75M | 76.24M | 76.48M | 80.66M | 82.95M | 47.92M |
| Interest Expense | -11.48M | -11.23M | -4.45M | -2.82M | -3.76M | -3.92M |
| Interest & Investment Income | 44.51M | 44.51M | 32.78M | 26.46M | 26.91M | 27.04M |
| Currency Exchange Gain (Loss) | 1.98M | 1.98M | -154.59K | 16.04K | 958.00 | |
| Other Non Operating Income (Expenses) | 3.43M | -3.00 | 1.00 | |||
| EBT Excluding Unusual Items | 89.20M | 111.50M | 104.82M | 104.15M | 106.11M | 71.04M |
| Gain (Loss) on Sale of Investments | 24.79K | -462.67K | -1.63M | -381.77K | -634.30K | 2.63M |
| Pretax Income | 89.22M | 111.04M | 103.19M | 103.77M | 105.48M | 73.67M |
| Income Tax Expense | 43.15M | 59.31M | 52.29M | 29.22M | 25.30M | 13.64M |
| Net Income | 46.08M | 51.73M | 50.90M | 74.55M | 80.18M | 60.03M |
| Net Income to Common | 46.08M | 51.73M | 50.90M | 74.55M | 80.18M | 60.03M |
| Shares Outstanding (Basic) | 62.94M | 62.94M | 62.94M | 62.94M | 62.94M | 62.94M |
| Shares Outstanding (Diluted) | 62.94M | 62.94M | 62.94M | 62.94M | 62.94M | 62.94M |
| EPS (Basic) | 0.73 | 0.82 | 0.81 | 1.18 | 1.27 | 0.95 |
| EPS (Diluted) | 0.73 | 0.82 | 0.81 | 1.18 | 1.27 | 0.95 |
| Free Cash Flow | 44.04M | -25.65M | -5.03M | 35.25M | 61.34M | 30.91M |
| Free Cash Flow Per Share | 0.70 | -0.41 | -0.08 | 0.56 | 0.97 | 0.49 |
| Dividend Per Share | 0.48 | 0.48 | 0.45 | 0.91 | 0.91 | 0.43 |
| Gross Margin | 54.25% | 54.96% | 53.56% | 55.17% | 54.07% | 52.91% |
| Operating Margin | 6.12% | 9.35% | 9.82% | 11.31% | 11.40% | 7.29% |
| Profit Margin | 5.56% | 6.34% | 6.54% | 10.45% | 11.02% | 9.13% |
| Free Cash Flow Margin | 5.31% | -3.15% | -0.65% | 4.94% | 8.43% | 4.70% |
| EBITDA | 113.34M | 137.01M | 132.39M | 131.41M | 134.26M | 97.14M |
| EBITDA Margin | 13.67% | 16.80% | 17.00% | 18.42% | 18.46% | 14.77% |
| D&A For EBITDA | 62.59M | 60.76M | 55.91M | 50.74M | 51.31M | 49.23M |
| EBIT | 50.75M | 76.24M | 76.48M | 80.66M | 82.95M | 47.92M |
| EBIT Margin | 6.12% | 9.35% | 9.82% | 11.31% | 11.40% | 7.29% |
| Effective Tax Rate | 48.36% | 53.41% | 50.67% | 28.16% | 23.98% | 18.51% |
| Advertising Expenses | 3.73M | 2.55M | 2.23M | 1.82M | 1.88M |
Balance sheet
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 42.73M | 39.94M | 35.43M | 41.95M | 69.44M | 92.69M |
| Short-Term Investments | 457.42M | 427.45M | 396.30M | 402.49M | 383.66M | 340.21M |
| Cash & Short-Term Investments | 500.15M | 467.39M | 431.73M | 444.44M | 453.10M | 432.90M |
| Accounts Receivable | 192.94M | 211.92M | 179.29M | 146.35M | 139.03M | 176.44M |
| Other Receivables | 27.08M | 15.12M | 10.38M | 8.82M | 5.29M | 27.86M |
| Receivables | 220.02M | 227.04M | 189.67M | 155.17M | 144.32M | 204.31M |
| Inventory | 14.75M | 15.53M | 13.34M | 17.41M | 20.34M | 18.84M |
| Prepaid Expenses | 1.55M | 1.30M | 1.25M | 1.06M | 717.03K | 629.17K |
| Other Current Assets | 107.35M | 138.24M | 154.61M | 112.47M | 105.86M | 100.43M |
| Total Current Assets | 843.82M | 849.50M | 790.60M | 730.56M | 724.33M | 757.11M |
| Property, Plant & Equipment | 436.48M | 443.69M | 384.12M | 354.66M | 361.54M | 392.10M |
| Other Intangible Assets | 1.99M | 2.35M | 2.76M | 3.25M | 3.00M | |
| Other Long-Term Assets | 111.06M | 110.19M | 109.16M | 108.29M | 108.01M | 54.41M |
| Total Assets | 1.39B | 1.41B | 1.29B | 1.20B | 1.20B | 1.21B |
| Accounts Payable | 148.82M | 132.42M | 120.22M | 103.76M | 120.98M | 157.92M |
| Accrued Expenses | 20.79M | 50.77M | 42.36M | 33.98M | ||
| Short-Term Debt | 82.27M | 82.66M | 47.75M | 32.98M | 37.52M | 38.69M |
| Current Portion of Long-Term Debt | 9.59M | 9.81M | 3.53M | 2.59M | 4.69M | 3.80M |
| Current Portion of Leases | 13.63M | 14.49M | 22.08M | 13.81M | ||
| Current Income Taxes Payable | 29.19M | 59.27M | 76.64M | 23.59M | 22.30M | 31.33M |
| Current Unearned Revenue | 17.39M | 11.00M | 13.03M | |||
| Other Current Liabilities | 105.17M | 107.86M | 90.38M | 16.48M | 11.40M | 18.61M |
| Total Current Liabilities | 409.45M | 406.51M | 360.60M | 261.38M | 250.25M | 297.36M |
| Long-Term Debt | 8.83M | 14.05M | 5.68M | 1.22M | 3.26M | 7.94M |
| Long-Term Leases | 39.09M | 49.24M | 6.10M | 12.88M | 28.79M | 38.74M |
| Long-Term Deferred Tax Liabilities | 1.23M | 1.73M | 3.18M | 3.95M | 15.43M | 16.19M |
| Total Liabilities | 458.60M | 471.52M | 375.56M | 279.42M | 297.74M | 360.22M |
| Common Stock | 629.38M | 599.41M | 570.86M | 570.86M | 570.86M | 543.68M |
| Additional Paid-In Capital | 119.50M | 63.78M | 92.32M | 92.32M | 92.32M | 119.50M |
| Retained Earnings | 183.88M | 270.67M | 247.48M | 253.67M | 236.21M | 183.21M |
| Shareholders' Equity | 932.77M | 933.86M | 910.67M | 916.85M | 899.39M | 846.40M |
| Total Liabilities & Equity | 1.39B | 1.41B | 1.29B | 1.20B | 1.20B | 1.21B |
| Total Debt | 153.40M | 170.25M | 85.14M | 63.47M | 74.27M | 89.16M |
| Net Cash (Debt) | 346.75M | 297.14M | 346.59M | 380.97M | 378.83M | 343.74M |
| Net Cash Per Share | 5.51 | 4.72 | 5.51 | 6.05 | 6.02 | 5.46 |
| Filing Date Shares Outstanding | 62.94M | 62.94M | 62.94M | 62.94M | 62.94M | 62.94M |
| Total Common Shares Outstanding | 62.94M | 62.94M | 62.94M | 62.94M | 62.94M | 62.94M |
| Working Capital | 434.37M | 442.99M | 430.00M | 469.19M | 474.07M | 459.75M |
| Book Value Per Share | 14.82 | 14.84 | 14.47 | 14.57 | 14.29 | 13.45 |
| Tangible Book Value | 932.77M | 931.86M | 908.32M | 914.09M | 896.15M | 843.39M |
| Tangible Book Value Per Share | 14.82 | 14.81 | 14.43 | 14.52 | 14.24 | 13.40 |
| Land | 27.00M | 27.00M | 27.00M | 27.00M | 27.00M | |
| Buildings | 67.29M | 67.29M | 67.29M | 67.29M | 67.29M | |
| Machinery | 838.93M | 779.41M | 705.94M | 661.25M | 633.81M |
Cash flow statement
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 46.08M | 51.73M | 50.90M | 74.55M | 80.18M | 60.03M |
| Depreciation & Amortization | 62.59M | 60.76M | 55.91M | 50.74M | 51.88M | 49.23M |
| Other Amortization | 352.01K | 352.01K | 414.13K | 487.22K | ||
| Loss (Gain) From Sale of Investments | 103.81K | 462.67K | 1.63M | 381.77K | 634.30K | -2.23M |
| Other Operating Activities | -48.43M | -46.68M | -34.74M | -46.38M | -48.72M | -40.07M |
| Change in Accounts Receivable | -25.92M | -32.63M | -32.94M | -7.33M | 37.41M | 17.64M |
| Change in Inventory | 3.00M | -2.19M | 4.07M | -2.16M | 3.59M | -736.06K |
| Change in Accounts Payable | 47.69M | 12.20M | 16.46M | -17.22M | -36.93M | -3.73M |
| Change in Other Net Operating Assets | 34.11M | 15.69M | 15.67M | 30.29M | 4.87M | 4.62M |
| Operating Cash Flow | 119.57M | 59.71M | 77.37M | 83.36M | 92.91M | 84.76M |
| Capital Expenditures | -75.53M | -85.36M | -82.41M | -48.12M | -31.58M | -53.84M |
| Investment in Securities | -43.52M | -31.61M | 4.56M | -19.21M | -44.09M | -4.12M |
| Other Investing Activities | 43.46M | 38.04M | 30.08M | 22.35M | -4.28M | 15.06M |
| Investing Cash Flow | -75.59M | -78.93M | -47.77M | -44.98M | -79.95M | -42.90M |
| Short-Term Debt Issued | 34.92M | 14.77M | 7.52M | |||
| Long-Term Debt Issued | 14.64M | 5.40M | 892.97K | 2.55M | ||
| Total Debt Issued | -274.36K | 49.56M | 20.17M | 892.97K | 10.07M | |
| Short-Term Debt Repaid | -4.54M | -1.16M | ||||
| Long-Term Debt Repaid | -4.14M | -4.68M | ||||
| Total Debt Repaid | -5.84M | -8.68M | -5.84M | |||
| Net Debt Issued (Repaid) | -6.11M | 49.56M | 20.17M | -8.68M | -4.95M | 10.07M |
| Common Dividends Paid | -28.96M | -27.81M | -56.29M | -57.04M | -31.29M | -25.38M |
| Other Financing Activities | -1.00 | |||||
| Financing Cash Flow | -35.07M | 21.75M | -36.12M | -65.72M | -36.24M | -15.31M |
| Foreign Exchange Rate Adjustments | 1.97M | 1.98M | -154.59K | 16.04K | 958.00 | |
| Miscellaneous Cash Flow Adjustments | -1.00 | 1.00 | ||||
| Net Cash Flow | 10.88M | 4.51M | -6.52M | -27.49M | -23.26M | 26.55M |
| Free Cash Flow | 44.04M | -25.65M | -5.03M | 35.25M | 61.34M | 30.91M |
| Free Cash Flow Margin | 5.31% | -3.15% | -0.65% | 4.94% | 8.43% | 4.70% |
| Free Cash Flow Per Share | 0.70 | -0.41 | -0.08 | 0.56 | 0.97 | 0.49 |
| Levered Free Cash Flow | 68.73M | 5.46M | 21.43M | 40.82M | 75.94M | 13.37M |
| Unlevered Free Cash Flow | 75.90M | 12.48M | 24.21M | 42.59M | 78.29M | 15.82M |
| Cash Income Tax Paid | 44.62M | 60.76M | 53.06M | 51.74M | 47.32M | 29.92M |
| Change in Working Capital | 58.89M | -6.92M | 3.25M | 3.59M | 8.94M | 17.80M |
Ratios
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.70B | 1.41B | 1.48B | 2.23B | 1.91B | 1.30B |
| Enterprise Value | 1.35B | 1.13B | 1.14B | 1.88B | 1.59B | 987.08M |
| Last Close Price | 27.00 | 22.04 | 22.65 | 33.10 | 27.55 | 18.48 |
| PE Ratio | 36.88 | 27.34 | 29.16 | 29.94 | 23.78 | 21.74 |
| PS Ratio | 2.05 | 1.74 | 1.91 | 3.13 | 2.62 | 1.98 |
| PB Ratio | 1.82 | 1.51 | 1.63 | 2.44 | 2.12 | 1.54 |
| P/TBV Ratio | 1.82 | 1.52 | 1.63 | 2.44 | 2.13 | 1.55 |
| P/FCF Ratio | 38.58 | 63.33 | 31.09 | 42.21 | ||
| P/OCF Ratio | 14.21 | 23.69 | 19.18 | 26.77 | 20.52 | 15.39 |
| EV/Sales Ratio | 1.63 | 1.39 | 1.46 | 2.63 | 2.18 | 1.50 |
| EV/EBITDA Ratio | 11.93 | 8.25 | 8.57 | 14.28 | 11.82 | 10.16 |
| EV/EBIT Ratio | 26.65 | 14.83 | 14.84 | 23.26 | 19.13 | 20.60 |
| EV/FCF Ratio | 30.71 | 53.24 | 25.87 | 31.93 | ||
| Debt / Equity Ratio | 0.16 | 0.18 | 0.09 | 0.07 | 0.08 | 0.10 |
| Debt / EBITDA Ratio | 1.35 | 1.24 | 0.64 | 0.48 | 0.55 | 0.92 |
| Debt / FCF Ratio | 3.48 | 1.80 | 1.21 | 2.88 | ||
| Net Debt / Equity Ratio | -0.37 | -0.32 | -0.38 | -0.42 | -0.42 | -0.41 |
| Net Debt / EBITDA Ratio | -3.06 | -2.17 | -2.62 | -2.90 | -2.82 | -3.54 |
| Net Debt / FCF Ratio | -7.87 | 11.58 | 68.84 | -10.81 | -6.18 | -11.12 |
| Asset Turnover | 0.61 | 0.61 | 0.63 | 0.60 | 0.60 | 0.56 |
| Inventory Turnover | 23.34 | 25.44 | 23.52 | 16.95 | 17.05 | 16.76 |
| Quick Ratio | 1.76 | 1.71 | 1.72 | 2.29 | 2.39 | 2.14 |
| Current Ratio | 2.06 | 2.09 | 2.19 | 2.79 | 2.89 | 2.55 |
| Return on Equity (ROE) | 4.98% | 5.61% | 5.57% | 8.21% | 9.19% | 7.24% |
| Return on Assets (ROA) | 2.33% | 3.54% | 3.85% | 4.21% | 4.31% | 2.57% |
| Return on Invested Capital (ROIC) | 4.53% | 5.92% | 6.86% | 10.97% | 12.32% | 7.97% |
| Return on Capital Employed (ROCE) | 5.20% | 7.60% | 8.30% | 8.60% | 8.80% | 5.30% |
| Earnings Yield | 2.71% | 3.66% | 3.43% | 3.34% | 4.21% | 4.60% |
| FCF Yield | 2.59% | -1.81% | -0.34% | 1.58% | 3.22% | 2.37% |
| Dividend Yield | 1.76% | 2.12% | 1.92% | 2.56% | 2.99% | 2.08% |
| Payout Ratio | 62.84% | 53.75% | 110.59% | 76.51% | 39.03% | 42.28% |
| Buyback Yield / Dilution | 0.00% | |||||
| Total Shareholder Return | 1.76% | 2.12% | 1.92% | 2.56% | 2.99% | 2.08% |