DSE : BESTHLDNG
Best Holdings PLC. — Financial statements
Hotels and Motels · Bangladesh
Last price 13.3 BDT (At close: Oct 29, 2026) · Market cap 14.09B
Latest research: Best Holdings financial analysis: EPS BDT 0.30, finance cost up six-fold, no FY2025 dividend (Oct 2026) · Best Holdings: Le Méridien earnings fell 77% in FY2025 as BDT 18bn of debt and bond interest hit the P&L
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Financial statements
Best Holdings PLC. (BESTHLDNG) reported revenue of 2.43B 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 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 2.43B | 2.43B | 3.41B | 2.99B | 2.39B | 1.15B |
| Other Revenue | 1.00 | |||||
| Revenue | 2.43B | 2.43B | 3.41B | 2.99B | 2.39B | 1.15B |
| Cost of Revenue | 510.54M | 510.54M | 775.48M | 591.56M | 480.89M | 387.14M |
| Gross Profit | 1.92B | 1.92B | 2.64B | 2.40B | 1.91B | 765.97M |
| Selling, General & Admin | 1.07B | 1.07B | 1.24B | 1.11B | 892.75M | 623.33M |
| Operating Expenses | 1.07B | 1.07B | 1.24B | 1.11B | 892.75M | 623.33M |
| Operating Income | 854.91M | 854.91M | 1.40B | 1.30B | 1.02B | 142.64M |
| Interest Expense | -491.64M | -491.64M | -81.26M | -23.65M | -21.65M | -47.31M |
| Other Non Operating Income (Expenses) | 96.34M | 96.34M | 84.18M | 31.55M | 103.37M | 177.05M |
| EBT Excluding Unusual Items | 459.61M | 459.61M | 1.40B | 1.30B | 1.10B | 272.38M |
| Gain (Loss) on Sale of Investments | -15.00M | |||||
| Gain (Loss) on Sale of Assets | -1.31M | |||||
| Pretax Income | 459.61M | 459.61M | 1.40B | 1.30B | 1.08B | 271.07M |
| Income Tax Expense | 141.37M | 141.37M | -8.01M | 160.89M | 67.72M | -139.97M |
| Earnings From Continuing Operations | 318.24M | 318.24M | 1.41B | 1.14B | 1.02B | 411.04M |
| Minority Interest in Earnings | 2.30M | 2.30M | 1.69M | 1.08M | 905.17K | -2.55M |
| Net Income | 320.54M | 320.54M | 1.41B | 1.14B | 1.02B | 408.48M |
| Net Income to Common | 320.54M | 320.54M | 1.41B | 1.14B | 1.02B | 408.48M |
| Shares Outstanding (Basic) | 1.06B | 1.06B | 985.39M | 925.58M | 906.40M | 895.39M |
| Shares Outstanding (Diluted) | 1.14B | 1.14B | 1.03B | 971.20M | 906.40M | 920.39M |
| EPS (Basic) | 0.30 | 0.30 | 1.43 | 1.24 | 1.12 | 0.46 |
| EPS (Diluted) | 0.28 | 0.28 | 1.37 | 1.18 | 1.12 | 0.44 |
| Free Cash Flow | -215.48M | -215.48M | -1.29B | -1.49B | -2.31B | -3.38B |
| Free Cash Flow Per Share | -0.19 | -0.19 | -1.25 | -1.53 | -2.54 | -3.67 |
| Dividend Per Share | 1.00 | |||||
| Gross Margin | 79.03% | 79.03% | 77.26% | 80.23% | 79.88% | 66.43% |
| Operating Margin | 35.11% | 35.11% | 41.04% | 43.28% | 42.53% | 12.37% |
| Profit Margin | 13.16% | 13.16% | 41.41% | 38.21% | 42.53% | 35.42% |
| Free Cash Flow Margin | -8.85% | -8.85% | -37.94% | -49.79% | -96.50% | -293.09% |
| EBITDA | 1.37B | 1.37B | 1.92B | 1.80B | 1.45B | 573.97M |
| EBITDA Margin | 56.11% | 56.11% | 56.23% | 60.16% | 60.69% | 49.78% |
| D&A For EBITDA | 511.20M | 511.20M | 518.31M | 505.16M | 433.87M | 431.33M |
| EBIT | 854.91M | 854.91M | 1.40B | 1.30B | 1.02B | 142.64M |
| EBIT Margin | 35.11% | 35.11% | 41.04% | 43.28% | 42.53% | 12.37% |
| Effective Tax Rate | 30.76% | 30.76% | 12.35% | 6.25% | ||
| Revenue as Reported | 2.99B | 2.39B | 1.15B |
Balance sheet
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.01B | 1.01B | 1.57B | 117.18M | 324.67M | 63.51M |
| Cash & Short-Term Investments | 1.01B | 1.01B | 1.57B | 117.18M | 324.67M | 63.51M |
| Accounts Receivable | 879.33M | 879.33M | 915.87M | 820.72M | 889.64M | 789.87M |
| Other Receivables | 149.35K | 149.35K | 1.76M | 1.78M | 13.85M | 141.02M |
| Receivables | 879.48M | 879.48M | 917.64M | 822.50M | 903.48M | 930.88M |
| Inventory | 80.24M | 80.24M | 100.84M | 70.64M | 65.01M | 72.78M |
| Other Current Assets | 6.93B | 6.93B | 6.92B | 6.17B | 6.35B | 3.52B |
| Total Current Assets | 8.90B | 8.90B | 9.50B | 7.18B | 7.64B | 4.59B |
| Property, Plant & Equipment | 71.88B | 71.88B | 69.56B | 65.81B | 61.74B | 73.43B |
| Long-Term Investments | 20.89M | 20.89M | 318.42M | 325.16M | 615.13M | 801.92M |
| Long-Term Deferred Charges | 1.98M | 1.98M | 1.98M | |||
| Other Long-Term Assets | 1.00 | |||||
| Total Assets | 80.80B | 80.80B | 79.39B | 73.31B | 70.00B | 78.82B |
| Accounts Payable | 879.36M | 879.36M | 831.04M | 758.73M | 619.34M | 488.85M |
| Accrued Expenses | 27.74M | 27.74M | 21.85M | 16.18M | 12.42M | 8.40M |
| Short-Term Debt | 715.37M | 715.37M | 524.68M | 569.92M | 173.08M | 281.09M |
| Current Portion of Long-Term Debt | 153.79M | 153.79M | 409.76M | 581.39M | 333.12M | 443.19M |
| Current Income Taxes Payable | 84.07M | 84.07M | 135.58M | 93.39M | 72.04M | 51.06M |
| Other Current Liabilities | 107.99M | 107.99M | 74.36M | 68.58M | 136.84M | 72.66M |
| Total Current Liabilities | 1.97B | 1.97B | 2.00B | 2.09B | 1.35B | 1.35B |
| Long-Term Debt | 17.20B | 17.20B | 15.61B | 14.11B | 12.46B | 9.93B |
| Long-Term Deferred Tax Liabilities | 4.85B | 4.85B | 4.77B | 4.91B | 4.85B | 6.45B |
| Other Long-Term Liabilities | -1.00 | -1.00 | ||||
| Total Liabilities | 24.02B | 24.02B | 22.38B | 21.11B | 18.66B | 17.72B |
| Common Stock | 10.59B | 10.59B | 10.59B | 9.26B | 9.26B | 9.06B |
| Additional Paid-In Capital | 18.35B | 18.35B | 18.36B | 16.33B | 16.33B | 15.27B |
| Retained Earnings | 5.82B | 5.82B | 5.44B | 4.18B | 3.21B | 2.41B |
| Comprehensive Income & Other | 21.97B | 21.97B | 22.57B | 22.38B | 22.55B | 32.58B |
| Total Common Equity | 56.73B | 56.73B | 56.97B | 52.15B | 51.34B | 59.32B |
| Minority Interest | 48.99M | 48.99M | 47.49M | 48.67M | 1.86M | 1.78B |
| Shareholders' Equity | 56.78B | 56.78B | 57.01B | 52.20B | 51.34B | 61.10B |
| Total Liabilities & Equity | 80.80B | 80.80B | 79.39B | 73.31B | 70.00B | 78.82B |
| Total Debt | 18.07B | 18.07B | 16.55B | 15.27B | 12.97B | 10.65B |
| Net Cash (Debt) | -17.06B | -17.06B | -14.98B | -15.15B | -12.64B | -10.59B |
| Net Cash Per Share | -14.92 | -14.92 | -14.53 | -15.60 | -13.95 | -11.51 |
| Filing Date Shares Outstanding | 1.06B | 1.06B | 1.06B | 925.58M | 925.58M | 895.39M |
| Total Common Shares Outstanding | 1.06B | 1.06B | 1.06B | 925.58M | 925.58M | 895.39M |
| Working Capital | 6.93B | 6.93B | 7.51B | 5.09B | 6.30B | 3.24B |
| Book Value Per Share | 53.56 | 53.56 | 53.78 | 56.34 | 55.47 | 66.25 |
| Tangible Book Value | 56.73B | 56.73B | 56.97B | 52.15B | 51.34B | 59.32B |
| Tangible Book Value Per Share | 53.56 | 53.56 | 53.78 | 56.34 | 55.47 | 66.25 |
| Land | 23.62B | 23.03B | 22.83B | |||
| Buildings | 29.98B | 29.83B | 25.81B | |||
| Machinery | 3.44B | 2.77B | 2.51B | |||
| Construction In Progress | 11.02B | 7.87B | 7.48B |
Cash flow statement
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 320.54M | 320.54M | 1.41B | 1.14B | 1.02B | 408.48M |
| Depreciation & Amortization | 511.20M | 511.20M | 518.31M | 505.16M | 433.87M | 431.33M |
| Loss (Gain) From Sale of Assets | 1.31M | |||||
| Asset Writedown & Restructuring Costs | 1.54M | 1.54M | 21.28M | 3.51M | -19.01M | |
| Other Operating Activities | 600.06M | 600.06M | -34.48M | 100.06M | -74.92M | -285.20M |
| Change in Accounts Receivable | 38.16M | 38.16M | -95.13M | 80.98M | -140.78M | -199.44M |
| Change in Inventory | 40.98M | 40.98M | -83.40M | -36.47M | -19.55M | 9.54M |
| Change in Accounts Payable | -2.82M | -2.82M | 52.11M | 27.87M | -6.72M | -442.68M |
| Change in Other Net Operating Assets | -34.08M | -34.08M | 6.67M | 850.70K | 180.94M | 175.92M |
| Operating Cash Flow | 1.48B | 1.48B | 1.80B | 1.83B | 1.37B | 99.26M |
| Capital Expenditures | -1.69B | -1.69B | -3.09B | -3.31B | -3.68B | -3.48B |
| Sale (Purchase) of Real Estate | -7.70M | -7.70M | -629.02M | -303.32M | ||
| Investment in Securities | 298.48M | 298.48M | 6.64M | -10.21M | 107.87M | 56.84M |
| Other Investing Activities | -94.44M | -94.44M | -445.93M | -545.85M | 299.67M | 5.22B |
| Investing Cash Flow | -1.49B | -1.49B | -4.16B | -3.87B | -3.57B | 1.79B |
| Short-Term Debt Issued | 142.42M | 142.42M | 21.20M | 453.56M | 83.02M | 25.85M |
| Long-Term Debt Issued | 688.81M | 1.67B | 2.69B | 1.68B | ||
| Total Debt Issued | 142.42M | 142.42M | 710.01M | 2.12B | 2.77B | 1.71B |
| Short-Term Debt Repaid | -83.68M | -149.65M | -3.09B | |||
| Long-Term Debt Repaid | -6.15M | |||||
| Total Debt Repaid | -83.68M | -149.65M | -3.09B | |||
| Net Debt Issued (Repaid) | 142.42M | 142.42M | 626.33M | 2.12B | 2.62B | -1.38B |
| Issuance of Common Stock | 3.80M | 3.80M | 3.51B | 47.90M | 139.67M | 1.20B |
| Common Dividends Paid | -487.15M | -487.15M | -303.88M | -273.09M | -1.88B | |
| Other Financing Activities | -198.16M | -198.16M | -319.81M | -24.76M | -22.83M | -50.00M |
| Financing Cash Flow | -539.10M | -539.10M | 3.81B | 1.84B | 2.47B | -2.11B |
| Miscellaneous Cash Flow Adjustments | -2.00 | -4.78M | ||||
| Net Cash Flow | -558.23M | -558.23M | 1.45B | -207.50M | 261.17M | -220.87M |
| Free Cash Flow | -215.48M | -215.48M | -1.29B | -1.49B | -2.31B | -3.38B |
| Free Cash Flow Margin | -8.85% | -8.85% | -37.94% | -49.79% | -96.50% | -293.09% |
| Free Cash Flow Per Share | -0.19 | -0.19 | -1.25 | -1.53 | -2.54 | -3.67 |
| Levered Free Cash Flow | -866.20M | -866.20M | -2.50B | -1.67B | -5.20B | |
| Unlevered Free Cash Flow | -558.93M | -558.93M | -2.45B | -1.65B | -5.18B | |
| Cash Interest Paid | 130.12M | 130.12M | 81.26M | 23.64M | 21.65M | 36.12M |
| Cash Income Tax Paid | 72.29M | 72.29M | 104.54M | 77.26M | 50.35M | 47.36M |
| Change in Working Capital | 42.23M | 42.23M | -119.75M | 73.23M | 13.89M | -456.66M |
Ratios
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 14.09B | 15.89B | 29.76B | |||
| Enterprise Value | 31.20B | 32.79B | 43.99B | |||
| Last Close Price | 13.30 | 15.00 | 26.71 | |||
| PE Ratio | 47.50 | 49.57 | 21.08 | |||
| PS Ratio | 5.79 | 6.53 | 8.73 | |||
| PB Ratio | 0.25 | 0.28 | 0.52 | |||
| P/TBV Ratio | 0.25 | 0.28 | 0.52 | |||
| P/OCF Ratio | 9.55 | 10.77 | 16.56 | |||
| EV/Sales Ratio | 12.81 | 13.47 | 12.90 | |||
| EV/EBITDA Ratio | 22.84 | 24.00 | 22.94 | |||
| EV/EBIT Ratio | 36.49 | 38.36 | 31.43 | |||
| Debt / Equity Ratio | 0.32 | 0.32 | 0.29 | 0.29 | 0.25 | 0.17 |
| Debt / EBITDA Ratio | 13.23 | 13.23 | 8.63 | 8.48 | 8.94 | 18.56 |
| Net Debt / Equity Ratio | 0.30 | 0.30 | 0.26 | 0.29 | 0.25 | 0.17 |
| Net Debt / EBITDA Ratio | 12.49 | 12.49 | 7.81 | 8.41 | 8.72 | 18.45 |
| Net Debt / FCF Ratio | -79.19 | -79.19 | -11.57 | -10.17 | -5.48 | -3.13 |
| Asset Turnover | 0.03 | 0.03 | 0.04 | 0.04 | 0.03 | |
| Inventory Turnover | 5.64 | 5.64 | 9.04 | 8.72 | 6.98 | |
| Quick Ratio | 0.96 | 0.96 | 1.24 | 0.45 | 0.91 | 0.74 |
| Current Ratio | 4.52 | 4.52 | 4.76 | 3.44 | 5.67 | 3.41 |
| Return on Equity (ROE) | 0.56% | 0.56% | 2.58% | 2.21% | 1.81% | |
| Return on Assets (ROA) | 0.67% | 0.67% | 1.15% | 1.13% | 0.85% | |
| Return on Invested Capital (ROIC) | 0.80% | 0.81% | 2.01% | 1.73% | 1.41% | 0.20% |
| Return on Capital Employed (ROCE) | 1.10% | 1.10% | 1.80% | 1.80% | 1.50% | 0.20% |
| Earnings Yield | 2.11% | 2.02% | 4.75% | |||
| FCF Yield | -1.53% | -1.36% | -4.35% | |||
| Dividend Yield | 7.52% | 3.56% | ||||
| Payout Ratio | 151.98% | 151.98% | 26.58% | 26.86% | 460.24% | |
| Buyback Yield / Dilution | -10.91% | -10.91% | -6.16% | -7.15% | 1.52% | |
| Total Shareholder Return | -3.39% | -10.91% | -2.60% | -7.15% | 1.52% |