DSE : GOLDENSON
Golden Son Limited — Financial statements
Household Appliances · Bangladesh
Last price 10 BDT (At close: Oct 29, 2026) · Market cap 1.72B
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Financial statements
Golden Son Limited (GOLDENSON) reported revenue of 153.78M 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 | 153.78M | 443.47M | 831.38M | 744.44M | 630.29M | 876.21M |
| Cost of Revenue | 321.72M | 480.29M | 639.12M | 668.61M | 559.14M | 575.71M |
| Gross Profit | -167.94M | -36.82M | 192.26M | 75.83M | 71.15M | 300.50M |
| Selling, General & Admin | 38.09M | 41.71M | 40.92M | 39.05M | 41.79M | 41.67M |
| Other Operating Expenses | 7.16M | 1.87M | 28.61K | 115.00K | 129.41K | 141.00K |
| Operating Expenses | 63.69M | 62.40M | 60.49M | 60.05M | 63.98M | 69.96M |
| Operating Income | -231.63M | -99.22M | 131.78M | 15.78M | 7.17M | 230.54M |
| Interest Expense | -206.60M | -213.42M | -207.95M | -131.25M | -100.26M | -167.52M |
| Interest & Investment Income | 34.22M | |||||
| Earnings From Equity Investments | -576.35K | |||||
| Currency Exchange Gain (Loss) | 1.37M | |||||
| Other Non Operating Income (Expenses) | 36.42M | 31.72M | 4.80M | 2.62M | 51.13M | 15.34M |
| EBT Excluding Unusual Items | -401.82M | -280.92M | -71.37M | -112.84M | -41.95M | 113.38M |
| Gain (Loss) on Sale of Investments | 2.49M | -4.55M | ||||
| Other Unusual Items | -17.41M | -17.41M | -5.14M | -4.49M | -3.58M | -557.75K |
| Pretax Income | -419.23M | -298.33M | -76.51M | -117.33M | -43.05M | 108.28M |
| Income Tax Expense | 12.98M | 15.19M | 39.99M | 12.18M | 7.61M | 57.10M |
| Earnings From Continuing Operations | -432.20M | -313.51M | -116.50M | -129.51M | -50.66M | 51.18M |
| Minority Interest in Earnings | 12.26K | 12.26K | 11.86K | 4.71K | 368.00 | |
| Net Income | -432.19M | -313.50M | -116.49M | -129.51M | -50.65M | 51.18M |
| Net Income to Common | -432.19M | -313.50M | -116.49M | -129.51M | -50.65M | 51.18M |
| Shares Outstanding (Basic) | 171.73M | 171.73M | 171.73M | 171.73M | 171.73M | 171.73M |
| Shares Outstanding (Diluted) | 171.73M | 171.73M | 171.73M | 171.73M | 171.73M | 171.73M |
| EPS (Basic) | -2.52 | -1.83 | -0.68 | -0.75 | -0.29 | 0.30 |
| EPS (Diluted) | -2.52 | -1.83 | -0.68 | -0.75 | -0.29 | 0.30 |
| Free Cash Flow | -341.74M | -291.91M | -337.33M | -102.10M | 24.23M | -295.00M |
| Free Cash Flow Per Share | -1.99 | -1.70 | -1.96 | -0.59 | 0.14 | -1.72 |
| Dividend Per Share | 0.15 | 0.10 | 0.28 | |||
| Gross Margin | -109.21% | -8.30% | 23.13% | 10.19% | 11.29% | 34.29% |
| Operating Margin | -150.62% | -22.37% | 15.85% | 2.12% | 1.14% | 26.31% |
| Profit Margin | -281.05% | -70.69% | -14.01% | -17.40% | -8.04% | 5.84% |
| Free Cash Flow Margin | -222.22% | -65.83% | -40.58% | -13.71% | 3.84% | -33.67% |
| EBITDA | -170.15M | -36.48M | 196.92M | 85.39M | 80.71M | 324.37M |
| EBITDA Margin | -110.64% | -8.22% | 23.69% | 11.47% | 12.81% | 37.02% |
| D&A For EBITDA | 61.48M | 62.74M | 65.14M | 69.61M | 73.54M | 93.83M |
| EBIT | -231.63M | -99.22M | 131.78M | 15.78M | 7.17M | 230.54M |
| EBIT Margin | -150.62% | -22.37% | 15.85% | 2.12% | 1.14% | 26.31% |
| Effective Tax Rate | 52.74% | |||||
| Advertising Expenses | 62.73K | 86.40K | 168.18K | 324.75K | 542.99K |
Balance sheet
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 39.24M | 43.93M | 39.62M | 55.32M | 44.30M | 111.61M |
| Short-Term Investments | 3.90M | 4.26M | 5.14M | 6.63M | 6.63M | 8.11M |
| Cash & Short-Term Investments | 43.14M | 48.19M | 44.76M | 61.94M | 50.93M | 119.72M |
| Accounts Receivable | 1.42B | 1.45B | 1.65B | 1.64B | 1.65B | 1.73B |
| Other Receivables | 614.35M | 614.34M | 627.89M | 625.92M | 651.86M | 828.07M |
| Receivables | 2.04B | 2.07B | 2.28B | 2.26B | 2.30B | 2.56B |
| Inventory | 1.75B | 1.74B | 1.61B | 1.40B | 1.35B | 1.17B |
| Other Current Assets | 315.69M | 274.18M | 273.43M | 411.34M | 390.85M | 453.90M |
| Total Current Assets | 4.14B | 4.13B | 4.21B | 4.14B | 4.10B | 4.31B |
| Property, Plant & Equipment | 4.01B | 3.94B | 3.69B | 3.51B | 3.33B | 3.21B |
| Long-Term Investments | 58.75M | 63.58M | 66.84M | 66.46M | 63.86M | 298.04M |
| Total Assets | 8.21B | 8.13B | 7.97B | 7.71B | 7.49B | 7.81B |
| Accrued Expenses | 331.43M | 248.89M | 208.34M | 328.53M | 224.54M | 263.32M |
| Short-Term Debt | 476.50M | 403.09M | 1.14B | 1.05B | 980.26M | 1.47B |
| Current Portion of Long-Term Debt | 1.78B | 1.74B | 832.76M | 722.66M | 664.16M | 574.05M |
| Current Portion of Leases | 86.61K | 3.39M | ||||
| Current Income Taxes Payable | 52.31M | 48.73M | 40.60M | 40.20M | 42.51M | 45.81M |
| Current Unearned Revenue | 11.14M | 7.66M | 7.15M | 71.10M | 72.00M | 61.54M |
| Other Current Liabilities | 88.05M | 88.06M | 91.17M | 89.46M | 89.63M | 95.28M |
| Total Current Liabilities | 2.74B | 2.53B | 2.32B | 2.30B | 2.07B | 2.52B |
| Long-Term Debt | 2.66B | 2.61B | 2.33B | 1.99B | 1.87B | 1.66B |
| Long-Term Leases | 606.35K | |||||
| Long-Term Deferred Tax Liabilities | 231.60M | 230.05M | 225.40M | 159.94M | 157.70M | 167.26M |
| Total Liabilities | 5.63B | 5.37B | 4.88B | 4.45B | 4.10B | 4.34B |
| Common Stock | 1.72B | 1.72B | 1.72B | 1.72B | 1.72B | 1.72B |
| Additional Paid-In Capital | 1.09B | 1.09B | 1.09B | 1.09B | 1.09B | 1.09B |
| Retained Earnings | -506.23M | -332.93M | -7.89M | 119.07M | 241.58M | 313.74M |
| Comprehensive Income & Other | 280.88M | 283.66M | 289.59M | 334.81M | 340.75M | 350.49M |
| Total Common Equity | 2.58B | 2.76B | 3.09B | 3.26B | 3.39B | 3.47B |
| Minority Interest | -37.44K | -31.78K | -19.53K | -7.67K | -3.96K | 744.00 |
| Shareholders' Equity | 2.58B | 2.76B | 3.09B | 3.26B | 3.39B | 3.47B |
| Total Liabilities & Equity | 8.21B | 8.13B | 7.97B | 7.71B | 7.49B | 7.81B |
| Total Debt | 4.92B | 4.75B | 4.31B | 3.76B | 3.52B | 3.71B |
| Net Cash (Debt) | -4.87B | -4.70B | -4.26B | -3.70B | -3.47B | -3.59B |
| Net Cash Per Share | -28.37 | -27.37 | -24.81 | -21.54 | -20.18 | -20.90 |
| Filing Date Shares Outstanding | 171.73M | 171.73M | 171.73M | 171.73M | 171.73M | 171.73M |
| Total Common Shares Outstanding | 171.73M | 171.73M | 171.73M | 171.73M | 171.73M | 171.73M |
| Working Capital | 1.41B | 1.59B | 1.88B | 1.83B | 2.02B | 1.79B |
| Book Value Per Share | 15.04 | 16.06 | 17.99 | 18.99 | 19.74 | 20.22 |
| Tangible Book Value | 2.58B | 2.76B | 3.09B | 3.26B | 3.39B | 3.47B |
| Tangible Book Value Per Share | 15.04 | 16.06 | 17.99 | 18.99 | 19.74 | 20.22 |
| Land | 550.00M | 550.00M | 550.00M | |||
| Buildings | 1.53B | 1.53B | 1.53B | |||
| Machinery | 1.00B | 996.89M | 982.18M | |||
| Construction In Progress | 1.48B | 1.36B | 1.07B | 831.68M | 641.30M | 437.41M |
Cash flow statement
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -432.19M | -313.50M | -116.49M | -129.51M | -50.65M | 51.18M |
| Depreciation & Amortization | 61.48M | 62.74M | 65.14M | 69.61M | 73.54M | 93.83M |
| Other Operating Activities | 245.58M | 208.18M | 287.38M | 241.48M | 226.53M | -92.83M |
| Change in Accounts Receivable | 177.05M | 214.41M | 15.75M | 15.96M | ||
| Change in Inventory | -109.82M | -100.50M | -237.93M | -17.44M | ||
| Change in Unearned Revenue | -3.29M | 638.90K | -62.77M | -610.15K | ||
| Change in Other Net Operating Assets | 2.86M | -23.75M | -6.88M | -7.13M | ||
| Operating Cash Flow | -58.33M | 48.22M | -55.81M | 172.36M | 249.41M | 52.17M |
| Capital Expenditures | -283.41M | -340.13M | -281.52M | -274.46M | -225.18M | -347.17M |
| Investment in Securities | 17.04M | 12.00M | 2.00M | 237.76M | 97.16M | |
| Other Investing Activities | 117.80K | 235.60K | 360.40K | 532.80K | 535.40K | 229.50K |
| Investing Cash Flow | -266.25M | -327.90M | -279.16M | -273.92M | 13.12M | -249.78M |
| Short-Term Debt Issued | 475.35M | 1.19B | 572.91M | 1.06B | 938.92M | |
| Long-Term Debt Issued | 1.68B | 852.97M | 237.56M | 2.39B | 1.80B | |
| Total Debt Issued | 1.82B | 2.16B | 2.05B | 810.47M | 3.45B | 2.74B |
| Short-Term Debt Repaid | -1.04B | -1.26B | -502.16M | -1.52B | -926.28M | |
| Long-Term Debt Repaid | -594.81M | -238.94M | -64.31M | -2.13B | -1.36B | |
| Total Debt Repaid | -1.29B | -1.64B | -1.50B | -566.47M | -3.65B | -2.28B |
| Net Debt Issued (Repaid) | 526.28M | 520.28M | 544.77M | 244.00M | -191.57M | 455.73M |
| Common Dividends Paid | -14.82M | -21.07M | -15.46M | -131.25M | -34.47M | -16.30M |
| Other Financing Activities | -207.47M | -215.22M | -210.04M | -166.22K | -103.80M | -169.93M |
| Financing Cash Flow | 303.99M | 283.99M | 319.27M | 112.58M | -329.84M | 269.51M |
| Net Cash Flow | -20.59M | 4.32M | -15.70M | 11.01M | -67.31M | 71.90M |
| Free Cash Flow | -341.74M | -291.91M | -337.33M | -102.10M | 24.23M | -295.00M |
| Free Cash Flow Margin | -222.22% | -65.83% | -40.58% | -13.71% | 3.84% | -33.67% |
| Free Cash Flow Per Share | -1.99 | -1.70 | -1.96 | -0.59 | 0.14 | -1.72 |
| Levered Free Cash Flow | -341.34M | -343.71M | -533.10M | -204.44M | -104.90M | -780.59M |
| Unlevered Free Cash Flow | -212.21M | -210.32M | -403.13M | -122.41M | -42.23M | -675.90M |
| Cash Interest Paid | 207.47M | 215.22M | 210.04M | 166.22K | 103.80M | 169.93M |
| Cash Income Tax Paid | 9.28M | 8.81M | 19.91M | 16.99M | 28.80M | 13.76M |
| Change in Working Capital | 66.80M | 90.80M | -291.84M | -9.22M |
Ratios
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.72B | 1.91B | 2.92B | 3.13B | 3.01B | 2.83B |
| Enterprise Value | 6.59B | 6.44B | 6.77B | 6.65B | 6.46B | 6.14B |
| Last Close Price | 10.00 | 11.10 | 16.83 | 17.92 | 17.23 | 16.03 |
| PE Ratio | 55.37 | |||||
| PS Ratio | 11.17 | 4.30 | 3.51 | 4.20 | 4.77 | 3.23 |
| PB Ratio | 0.67 | 0.69 | 0.94 | 0.96 | 0.89 | 0.82 |
| P/TBV Ratio | 0.67 | 0.69 | 0.94 | 0.96 | 0.89 | 0.82 |
| P/FCF Ratio | 124.01 | |||||
| P/OCF Ratio | 39.53 | 18.13 | 12.05 | 54.32 | ||
| EV/Sales Ratio | 42.85 | 14.52 | 8.14 | 8.93 | 10.25 | 7.01 |
| EV/EBITDA Ratio | 34.36 | 77.86 | 80.03 | 18.93 | ||
| EV/EBIT Ratio | 51.35 | 421.19 | 900.34 | 26.63 | ||
| EV/FCF Ratio | 266.55 | |||||
| Debt / Equity Ratio | 1.90 | 1.72 | 1.39 | 1.15 | 1.04 | 1.07 |
| Debt / EBITDA Ratio | 21.86 | 44.04 | 43.57 | 11.43 | ||
| Debt / FCF Ratio | 145.12 | |||||
| Net Debt / Equity Ratio | 1.89 | 1.70 | 1.38 | 1.13 | 1.02 | 1.03 |
| Net Debt / EBITDA Ratio | -28.64 | -128.86 | 21.64 | 43.32 | 42.94 | 11.06 |
| Net Debt / FCF Ratio | -14.26 | -16.10 | -12.63 | -36.23 | 143.01 | -12.16 |
| Asset Turnover | 0.02 | 0.06 | 0.11 | 0.10 | 0.08 | 0.12 |
| Inventory Turnover | 0.19 | 0.29 | 0.42 | 0.49 | 0.44 | 0.43 |
| Quick Ratio | 0.76 | 0.83 | 1.00 | 1.01 | 1.14 | 1.06 |
| Current Ratio | 1.51 | 1.63 | 1.81 | 1.80 | 1.98 | 1.71 |
| Return on Equity (ROE) | -15.45% | -10.72% | -3.67% | -3.89% | -1.48% | 1.48% |
| Return on Assets (ROA) | -1.78% | -0.77% | 1.05% | 0.13% | 0.06% | 1.91% |
| Return on Invested Capital (ROIC) | -3.08% | -1.34% | 1.84% | 0.23% | 0.10% | 1.59% |
| Return on Capital Employed (ROCE) | -4.20% | -1.80% | 2.30% | 0.30% | 0.10% | 4.40% |
| Earnings Yield | -25.17% | -16.45% | -3.99% | -4.14% | -1.69% | 1.81% |
| FCF Yield | -19.90% | -15.31% | -11.55% | -3.27% | 0.81% | -10.41% |
| Dividend Yield | 0.88% | 0.55% | 1.67% | |||
| Payout Ratio | 31.85% | |||||
| Total Shareholder Return | 0.88% | 0.55% | 1.67% |