DSE : BPPL
Baraka Patenga Power Limited — Financial statements
Electric Services · Bangladesh
Last price 19.5 BDT (At close: Oct 29, 2026) · Market cap 3.37B
Latest research: Baraka Patenga Power financial analysis: low dispatch, capacity payments and BDT 17.7bn of debt (Oct 2026) · Baraka Patenga Power: three HFO plants running at about a fifth of capacity, EPS BDT 3.48 in FY2026 as exchange losses faded
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Financial statements
Baraka Patenga Power Limited (BPPL) reported revenue of 11.71B 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 | 11.71B | 13.01B | 13.69B | 22.48B | 24.42B | 7.34B |
| Operations & Maintenance | 6.00M | 6.00M | 6.15M | 12.76M | 7.28M | 2.66M |
| Selling, General & Admin | 306.35M | 303.89M | 312.76M | 315.11M | 286.65M | 266.02M |
| Other Operating Expenses | 8.03B | 9.37B | 10.40B | 18.28B | 20.98B | 4.50B |
| Total Operating Expenses | 8.34B | 9.68B | 10.72B | 18.61B | 21.28B | 4.77B |
| Operating Income | 3.37B | 3.33B | 2.97B | 3.87B | 3.15B | 2.57B |
| Interest Expense | -2.16B | -2.25B | -1.71B | -1.38B | -1.18B | -1.37B |
| Interest Income | 68.02M | 68.02M | 118.73M | 236.30M | 5.15M | |
| Net Interest Expense | -2.09B | -2.18B | -1.59B | -1.15B | -1.18B | -1.37B |
| Currency Exchange Gain (Loss) | -456.71M | -456.71M | -981.96M | -231.34M | -185.58M | |
| Other Non-Operating Income (Expenses) | 364.17M | -126.57M | -150.61M | -2.69B | -1.31B | -157.14M |
| EBT Excluding Unusual Items | 1.19B | 569.42M | 251.15M | -192.09M | 479.04M | 1.04B |
| Gain (Loss) on Sale of Investments | -807.21K | 1.90M | -2.44M | -1.82M | -410.46K | |
| Gain (Loss) on Sale of Assets | 200.00K | 200.00K | ||||
| Pretax Income | 1.19B | 571.52M | 248.71M | -193.91M | 478.63M | 1.04B |
| Income Tax Expense | 30.24M | 60.95M | 52.72M | 59.18M | 56.21M | 6.21M |
| Earnings From Continuing Ops. | 1.16B | 510.57M | 195.98M | -253.09M | 422.42M | 1.03B |
| Minority Interest in Earnings | -556.47M | -273.07M | -126.94M | 69.54M | -207.14M | -413.75M |
| Net Income | 603.45M | 237.51M | 69.04M | -183.55M | 215.28M | 619.19M |
| Net Income to Common | 603.45M | 237.51M | 69.04M | -183.55M | 215.28M | 619.19M |
| Shares Outstanding (Basic) | 173.00M | 173.00M | 173.00M | 173.00M | 173.00M | 99.25M |
| Shares Outstanding (Diluted) | 173.00M | 173.00M | 173.00M | 173.00M | 173.00M | 99.25M |
| EPS (Basic) | 3.49 | 1.37 | 0.40 | -1.06 | 1.24 | 6.24 |
| EPS (Diluted) | 3.49 | 1.37 | 0.40 | -1.06 | 1.24 | 6.24 |
| Free Cash Flow | -2.12B | -1.58B | 627.03M | 3.83B | -4.23B | -2.22B |
| Free Cash Flow Per Share | -12.26 | -9.14 | 3.62 | 22.13 | -24.43 | -22.33 |
| Dividend Per Share | 0.20 | 0.20 | 0.20 | 0.50 | 1.00 | 1.25 |
| Profit Margin | 5.15% | 1.83% | 0.50% | -0.82% | 0.88% | 8.44% |
| Free Cash Flow Margin | -18.11% | -12.15% | 4.58% | 17.03% | -17.30% | -30.22% |
| EBITDA | 4.12B | 3.95B | 3.59B | 4.50B | 3.76B | 3.18B |
| EBITDA Margin | 35.16% | 30.36% | 26.22% | 19.99% | 15.40% | 43.36% |
| D&A For EBITDA | 746.56M | 617.69M | 619.81M | 621.51M | 614.82M | 613.43M |
| EBIT | 3.37B | 3.33B | 2.97B | 3.87B | 3.15B | 2.57B |
| EBIT Margin | 28.79% | 25.61% | 21.69% | 17.23% | 12.88% | 35.00% |
| Effective Tax Rate | 2.54% | 10.66% | 21.20% | 11.74% | 0.60% |
Balance sheet
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 157.09M | 549.05M | 975.85M | 2.29B | 776.42M | 1.93B |
| Short-Term Investments | 526.08M | 532.77M | 562.71M | 215.87M | 149.65M | 15.00M |
| Accounts Receivable | 8.69B | 6.06B | 5.53B | 9.45B | 13.09B | 2.84B |
| Other Receivables | 62.64M | 224.48M | 422.44M | 15.65M | 5.33M | 199.43M |
| Inventory | 2.08B | 2.72B | 3.46B | 2.07B | 2.46B | 1.57B |
| Prepaid Expenses | 809.18K | 6.06M | 6.07M | 6.02M | 10.49M | |
| Other Current Assets | 947.95M | 883.96M | 879.71M | 968.05M | 801.77M | 326.15M |
| Total Current Assets | 12.46B | 10.98B | 11.85B | 15.02B | 17.29B | 6.88B |
| Property, Plant & Equipment | 13.99B | 14.45B | 15.06B | 15.67B | 16.26B | 16.73B |
| Goodwill | 1.77M | 1.77M | 1.77M | 1.77M | 1.77M | 1.77M |
| Other Intangible Assets | 368.38K | 494.90K | 663.60K | 296.80K | ||
| Long-Term Deferred Tax Assets | 1.74M | 1.01M | 418.19K | |||
| Total Assets | 26.46B | 25.44B | 26.91B | 30.69B | 33.56B | 23.62B |
| Accounts Payable | 83.40M | 78.90M | 34.45M | 83.09M | 75.67M | 52.80M |
| Accrued Expenses | 37.19M | 25.36M | 24.83M | 24.57M | 18.20M | 25.09M |
| Current Portion of Long-Term Debt | 2.94B | 5.49B | 1.87B | 1.85B | 1.55B | 1.02B |
| Current Portion of Leases | 1.82M | 4.37M | 10.42M | 45.96M | 39.88M | 3.54M |
| Current Income Taxes Payable | 78.18M | 89.12M | 61.43M | 115.24M | 62.29M | 6.17M |
| Other Current Liabilities | 9.46B | 8.18B | 9.85B | 12.27B | 14.04B | 10.74B |
| Total Current Liabilities | 12.59B | 13.87B | 11.85B | 14.38B | 15.79B | 11.85B |
| Long-Term Debt | 6.08B | 4.70B | 8.60B | 9.82B | 10.59B | 6.77B |
| Long-Term Leases | 6.33M | 7.27M | 7.78M | 4.86M | 45.59M | 5.51M |
| Pension & Post-Retirement Benefits | 19.46M | 19.46M | 9.52M | 10.23M | 8.03M | 1.92M |
| Other Long-Term Liabilities | 1.40B | |||||
| Total Liabilities | 18.70B | 18.59B | 20.47B | 24.22B | 26.43B | 20.03B |
| Common Stock | 1.73B | 1.73B | 1.73B | 1.73B | 1.73B | 992.25M |
| Additional Paid-In Capital | 1.46B | 1.46B | 1.46B | 1.46B | 1.46B | |
| Retained Earnings | 2.10B | 1.64B | 1.44B | 1.45B | 1.81B | 1.81B |
| Comprehensive Income & Other | -41.24M | -35.34M | -31.11M | -8.15M | -2.93M | |
| Total Common Equity | 5.25B | 4.80B | 4.60B | 4.64B | 5.00B | 2.80B |
| Minority Interest | 2.51B | 2.05B | 1.84B | 1.84B | 2.13B | 788.51M |
| Shareholders' Equity | 7.76B | 6.85B | 6.44B | 6.48B | 7.13B | 3.59B |
| Total Liabilities & Equity | 26.46B | 25.44B | 26.91B | 30.69B | 33.56B | 23.62B |
| Total Debt | 9.02B | 10.19B | 10.49B | 11.71B | 12.22B | 7.80B |
| Net Cash (Debt) | -8.34B | -9.11B | -8.95B | -9.21B | -11.29B | -5.86B |
| Net Cash Per Share | -48.21 | -52.67 | -51.75 | -53.23 | -65.29 | -59.00 |
| Filing Date Shares Outstanding | 173.00M | 173.00M | 173.00M | 173.00M | 173.00M | 99.22M |
| Total Common Shares Outstanding | 173.00M | 173.00M | 173.00M | 173.00M | 173.00M | 99.22M |
| Working Capital | -133.58M | -2.89B | -4.38M | 636.30M | 1.51B | -4.97B |
| Book Value Per Share | 30.34 | 27.72 | 26.57 | 26.81 | 28.90 | 28.25 |
| Tangible Book Value | 5.25B | 4.79B | 4.59B | 4.64B | 5.00B | 2.80B |
| Tangible Book Value Per Share | 30.33 | 27.71 | 26.56 | 26.80 | 28.89 | 28.24 |
Cash flow statement
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 603.45M | 237.51M | 69.04M | -183.55M | 215.28M | 619.19M |
| Depreciation & Amortization | 751.65M | 622.29M | 658.50M | 661.17M | 653.77M | 616.81M |
| Other Amortization | 168.70K | 168.70K | 105.70K | 74.20K | ||
| Loss (Gain) on Sale of Assets | 17.48M | 18.00M | -19.36M | -5.56M | -319.56K | 943.58K |
| Change in Accounts Receivable | -1.15B | -527.97M | 3.92B | 3.61B | -10.31B | -1.71B |
| Change in Inventory | -1.14B | -2.53B | -4.71B | -1.11B | 8.93B | 492.12M |
| Change in Accounts Payable | -3.71M | 42.32M | -48.64M | -34.36M | 27.57M | -7.02M |
| Change in Income Taxes | -14.75M | 27.69M | -53.81M | 52.95M | 56.12M | 3.69M |
| Change in Other Net Operating Assets | -73.18M | -2.48M | 54.02M | -180.20M | -135.19M | -137.48M |
| Other Operating Activities | -1.10B | 545.51M | 790.91M | 1.09B | 1.27B | 770.76M |
| Operating Cash Flow | -2.11B | -1.57B | 665.40M | 3.90B | 710.34M | 652.66M |
| Capital Expenditures | -11.93M | -14.92M | -38.37M | -70.06M | -4.94B | -2.87B |
| Investment in Securities | 4.19M | -1.85M | -384.25M | -74.20M | -122.92M | -73.88M |
| Other Investing Activities | -29.52M | 1.68M | 2.61M | 4.91M | ||
| Investing Cash Flow | -37.26M | -15.09M | -420.01M | -139.35M | -5.06B | -2.94B |
| Short-Term Debt Issued | 771.61M | 510.36M | ||||
| Long-Term Debt Issued | 2.58M | 4.29B | 4.11B | |||
| Total Debt Issued | 2.81B | 774.19M | 510.36M | 4.29B | 4.11B | |
| Short-Term Debt Repaid | -667.01M | -566.65M | -2.06B | |||
| Long-Term Debt Repaid | -335.81M | -1.23B | -903.60M | -3.57M | -3.34M | |
| Total Debt Repaid | -640.50M | -335.81M | -1.23B | -1.57B | -570.22M | -2.06B |
| Net Debt Issued (Repaid) | 2.17B | 438.38M | -722.39M | -1.57B | 3.72B | 2.05B |
| Issuance of Common Stock | 1.02B | 1.18B | ||||
| Dividends Paid | -39.27M | -39.65M | -84.19M | -170.17M | -210.67M | -99.22M |
| Other Financing Activities | 201.82M | 813.56M | -420.48M | -285.99M | -1.00B | -791.88M |
| Financing Cash Flow | 2.17B | 1.15B | -1.56B | -2.25B | 3.19B | 3.80B |
| Miscellaneous Cash Flow Adjustments | 1.00 | 1.00 | ||||
| Net Cash Flow | 21.06M | -428.92M | -1.31B | 1.51B | -1.16B | 1.51B |
| Free Cash Flow | -2.12B | -1.58B | 627.03M | 3.83B | -4.23B | -2.22B |
| Free Cash Flow Margin | -18.11% | -12.15% | 4.58% | 17.03% | -17.30% | -30.22% |
| Free Cash Flow Per Share | -12.26 | -9.14 | 3.62 | 22.13 | -24.43 | -22.33 |
| Levered Free Cash Flow | 1.44B | 102.39M | 1.10B | 4.29B | -11.11B | -7.10B |
| Unlevered Free Cash Flow | 2.79B | 1.51B | 2.16B | 5.16B | -10.37B | -6.24B |
| Cash Interest Paid | 1.94B | 1.94B | 1.69B | 1.47B | 1.13B | 1.18B |
| Cash Income Tax Paid | 31.51M | 44.88M | 32.04M | 59.04M | 60.10M | 34.78M |
| Change in Working Capital | -2.38B | -2.99B | -833.80M | 2.34B | -1.43B | -1.36B |
Ratios
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.37B | 2.54B | 2.32B | 5.07B | 5.69B | |
| Enterprise Value | 14.22B | 14.53B | 14.31B | 15.48B | 17.60B | |
| PE Ratio | 5.59 | 10.71 | 33.58 | 26.44 | ||
| PS Ratio | 0.29 | 0.20 | 0.17 | 0.23 | 0.23 | |
| PB Ratio | 0.43 | 0.37 | 0.36 | 0.78 | 0.80 | |
| P/FCF Ratio | 3.70 | 1.32 | ||||
| P/OCF Ratio | 3.48 | 1.30 | 8.01 | |||
| EV/Sales Ratio | 1.21 | 1.12 | 1.04 | 0.69 | 0.72 | |
| EV/EBITDA Ratio | 3.45 | 3.68 | 3.99 | 3.44 | 4.68 | |
| EV/EBIT Ratio | 4.22 | 4.36 | 4.82 | 4.00 | 5.60 | |
| EV/FCF Ratio | 22.83 | 4.04 | ||||
| Debt / Equity Ratio | 1.16 | 1.49 | 1.63 | 1.81 | 1.71 | 2.17 |
| Debt / EBITDA Ratio | 2.19 | 2.58 | 2.89 | 2.58 | 3.22 | 2.45 |
| Debt / FCF Ratio | 16.73 | 3.06 | ||||
| Net Debt / Equity Ratio | 1.07 | 1.33 | 1.39 | 1.42 | 1.58 | 1.63 |
| Net Debt / EBITDA Ratio | 2.02 | 2.31 | 2.49 | 2.05 | 3.00 | 1.84 |
| Net Debt / FCF Ratio | -3.93 | -5.76 | 14.28 | 2.40 | -2.67 | -2.64 |
| Quick Ratio | 0.75 | 0.53 | 0.63 | 0.83 | 0.89 | 0.42 |
| Current Ratio | 0.99 | 0.79 | 1.00 | 1.04 | 1.09 | 0.58 |
| Asset Turnover | 0.44 | 0.50 | 0.47 | 0.70 | 0.85 | 0.33 |
| Return on Equity (ROE) | 16.12% | 7.69% | 3.03% | -3.72% | 7.88% | 33.27% |
| Return on Assets (ROA) | 7.96% | 7.96% | 6.45% | 7.54% | 6.88% | 7.25% |
| Return on Capital Employed (ROCE) | 24.30% | 28.80% | 19.70% | 23.80% | 17.70% | 21.80% |
| Earnings Yield | 17.89% | 9.34% | 2.98% | -3.62% | 3.78% | |
| FCF Yield | -62.89% | -62.17% | 27.05% | 75.54% | -74.25% | |
| Dividend Yield | 1.03% | 1.36% | 1.49% | 1.71% | 3.04% | |
| Payout Ratio | 6.51% | 16.70% | 121.95% | 97.86% | 16.02% | |
| Buyback Yield / Dilution | -74.29% | -0.03% | ||||
| Total Shareholder Return | 1.03% | 1.36% | 1.49% | 1.71% | -71.25% | -0.03% |