Company · Analysis · 29 Oct 2026
Golden Harvest Agro: a frozen-food maker with a 42% gross margin, a loss at the bottom line from ice-cream associate losses and BDT 224m of finance cost
FY2025 revenue was BDT 858m and profit from operations BDT 191m, but finance expenses of BDT 224m and a BDT 157m share of associate losses left a loss of BDT 0.24 a share; the FY2026 loss announced on 28-Oct-2026 is BDT 0.57 a share. Borrowings reached 0.96x equity and the audit opinion is qualified.
Golden Harvest Agro Industries Limited (GHAIL) makes ready-to-cook frozen food (parathas, snacks and chicken items) at a plant in Gazipur and sells it through a cold-chain distribution network kept at -18 degrees Celsius. The listed company also owns 75% of Golden Harvest Dairy Limited (GHDL),…