DSE : ICB
Investment Corporation Of Bangladesh — Financial statements
Investors, not elsewhere classified · Bangladesh
Last price 32.9 BDT (At close: Oct 29, 2026) · Market cap 28.53B
Latest research: ICB financial analysis: BDT 32.8bn unprovided portfolio loss, two loss years, state funding (Oct 2026) · ICB: a BDT 46.6bn hole in the share portfolio, two years of losses and a balance sheet now leaning on state money
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Financial statements
Investment Corporation Of Bangladesh (ICB) reported revenue of -6.21B 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 | |
|---|---|---|---|---|---|---|
| Interest and Dividend Income | 4.18B | 4.94B | 5.70B | 6.27B | 6.45B | 6.99B |
| Total Interest Expense | 11.58B | 9.42B | 9.06B | 8.09B | 8.14B | 9.70B |
| Net Interest Income | -7.40B | -4.48B | -3.36B | -1.82B | -1.70B | -2.71B |
| Brokerage Commission | 1.30B | 1.49B | 1.58B | 1.84B | 2.27B | 1.77B |
| Other Revenue | 79.06K | 79.06K | 13.22K | 181.95K | ||
| Revenue Before Loan Losses | -5.37B | -923.19M | 1.85B | 4.07B | 8.24B | 7.92B |
| Provision for Loan Losses | 842.36M | 1.96B | -301.22M | 358.34M | 255.20M | 37.28M |
| Revenue | -6.21B | -2.88B | 2.15B | 3.71B | 7.98B | 7.89B |
| Salaries & Employee Benefits | 1.04B | 964.79M | 973.34M | 1.05B | 1.14B | 1.43B |
| Cost of Services Provided | 275.68M | 370.44M | 343.49M | 332.18M | 435.91M | 437.57M |
| Other Operating Expenses | 6.17B | 6.18B | 479.27M | 2.39M | 1.20B | 3.04B |
| Total Operating Expenses | 7.48B | 7.51B | 1.80B | 1.39B | 2.77B | 4.92B |
| Operating Income | -13.70B | -10.40B | 358.04M | 2.32B | 5.22B | 2.97B |
| Other Non-Operating Income (Expenses) | 3.08M | 22.94M | -3.26M | -4.48M | -4.53M | 3.47M |
| EBT Excluding Unusual Items | -13.70B | -10.37B | 354.78M | 2.32B | 5.21B | 2.97B |
| Gain (Loss) on Sale of Investments | -30.73M | -51.82M | -17.13M | -153.31M | -2.69B | -775.00M |
| Pretax Income | -13.73B | -10.43B | 337.66M | 2.16B | 2.52B | 2.20B |
| Income Tax Expense | 1.51B | 1.71B | 10.89M | 1.39B | 1.08B | 1.05B |
| Earnings From Continuing Ops. | -15.23B | -12.14B | 326.77M | 775.83M | 1.45B | 1.15B |
| Minority Interest in Earnings | -148.00 | -346.00 | -453.00 | -531.00 | -4.88K | -3.63K |
| Net Income | -15.23B | -12.14B | 326.77M | 775.83M | 1.45B | 1.15B |
| Net Income to Common | -15.23B | -12.14B | 326.77M | 775.83M | 1.45B | 1.15B |
| Shares Outstanding (Basic) | 867.26M | 867.26M | 867.26M | 867.26M | 867.26M | 867.26M |
| Shares Outstanding (Diluted) | 867.26M | 867.26M | 867.26M | 867.26M | 867.26M | 867.26M |
| EPS (Basic) | -17.57 | -14.00 | 0.38 | 0.89 | 1.67 | 1.33 |
| EPS (Diluted) | -17.57 | -14.00 | 0.38 | 0.89 | 1.67 | 1.33 |
| Free Cash Flow | 11.00B | 8.54B | 3.32B | 1.10B | -726.49M | 483.52M |
| Free Cash Flow Per Share | 12.68 | 9.85 | 3.83 | 1.26 | -0.84 | 0.56 |
| Dividend Per Share | 0.20 | 0.24 | 0.46 | 1.02 | ||
| Operating Margin | 16.62% | 62.57% | 65.33% | 37.67% | ||
| Profit Margin | 15.17% | 20.92% | 18.11% | 14.62% | ||
| Free Cash Flow Margin | 154.05% | 29.59% | -9.10% | 6.13% | ||
| Effective Tax Rate | 3.23% | 64.12% | 42.68% | 47.58% |
Balance sheet
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 13.63B | 10.82B | 11.64B | 10.93B | 11.58B | 16.71B |
| Accounts Receivable | 124.78M | 687.87M | 858.67M | 1.06B | 1.02B | 1.19B |
| Other Receivables | 24.71B | 29.88B | 26.89B | 28.00B | 30.83B | 33.57B |
| Property, Plant & Equipment | 1.68B | 1.43B | 1.18B | 988.12M | 820.57M | 943.09M |
| Other Intangible Assets | 14.17M | 13.50M | 15.05M | 18.07M | 20.07M | |
| Investments in Debt & Equity Securities | 153.79B | 149.83B | 141.82B | 139.93B | 139.74B | 140.39B |
| Other Current Assets | 712.91M | 5.79B | 10.19B | 9.36B | 8.34B | 7.39B |
| Long-Term Deferred Tax Assets | 217.19M | 824.95M | 29.83M | 18.46M | 28.11M | |
| Other Long-Term Assets | 12.60B | 80.79M | 136.66M | 202.10M | 379.41M | 462.38M |
| Total Assets | 207.24B | 198.75B | 193.56B | 190.51B | 192.74B | 200.71B |
| Accrued Expenses | 11.74B | 10.28B | 7.30B | 4.11B | 4.53B | |
| Short-Term Debt | 31.76B | 30.15B | 3.28B | 3.57B | 4.97B | 6.28B |
| Current Portion of Leases | 58.33M | 96.26M | 101.06M | 47.65M | 107.36M | |
| Other Current Liabilities | 72.54B | 84.87B | 88.98B | 93.79B | 104.16B | |
| Long-Term Debt | 28.07B | 19.73B | 20.14B | 21.17B | 22.03B | 20.08B |
| Long-Term Leases | 12.33M | 85.81M | 173.56M | 39.17M | 61.71M | |
| Other Long-Term Liabilities | 120.80B | 29.40B | 25.54B | 20.61B | 20.07B | 18.78B |
| Total Liabilities | 180.63B | 166.27B | 148.50B | 145.37B | 147.94B | 156.41B |
| Common Stock | 8.67B | 8.67B | 8.67B | 8.46B | 8.06B | 8.06B |
| Additional Paid-In Capital | 7.36B | 7.36B | 7.36B | 7.36B | 7.36B | 7.36B |
| Retained Earnings | -7.57B | 2.25B | 14.89B | 15.24B | 16.94B | 16.55B |
| Comprehensive Income & Other | 18.15B | 14.20B | 14.14B | 14.08B | 12.44B | 12.34B |
| Total Common Equity | 26.61B | 32.48B | 45.05B | 45.13B | 44.80B | 44.30B |
| Minority Interest | 5.94K | 5.97K | 7.99K | 5.37K | 66.45K | 65.92K |
| Shareholders' Equity | 26.61B | 32.48B | 45.05B | 45.13B | 44.80B | 44.30B |
| Total Liabilities & Equity | 207.24B | 198.75B | 193.56B | 190.51B | 192.74B | 200.71B |
| Total Debt | 59.83B | 49.95B | 23.61B | 25.01B | 27.09B | 26.53B |
| Net Cash (Debt) | -46.21B | -39.13B | -11.97B | -14.08B | -15.51B | -9.81B |
| Net Cash Per Share | -53.28 | -45.12 | -13.80 | -16.23 | -17.89 | -11.32 |
| Filing Date Shares Outstanding | 867.26M | 867.26M | 867.26M | 867.26M | 867.26M | 867.26M |
| Total Common Shares Outstanding | 867.26M | 867.26M | 867.26M | 867.26M | 867.26M | 867.26M |
| Working Capital | 7.42B | -69.75B | -52.93B | -53.88B | -53.86B | -58.54B |
| Book Value Per Share | 30.68 | 37.45 | 51.95 | 52.04 | 51.65 | 51.08 |
| Tangible Book Value | 26.61B | 32.47B | 45.04B | 45.12B | 44.78B | 44.28B |
| Tangible Book Value Per Share | 30.68 | 37.44 | 51.93 | 52.02 | 51.63 | 51.06 |
Cash flow statement
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -15.23B | -12.14B | 326.77M | 775.83M | 1.45B | 1.15B |
| Depreciation & Amortization, Total | 149.14M | 149.98M | 155.41M | 161.86M | 175.27M | 187.61M |
| Gain (Loss) On Sale of Investments | 51.82M | 51.82M | 17.13M | 153.31M | 2.69B | 775.00M |
| Change in Other Net Operating Assets | 19.69B | 10.71B | 970.70M | -4.75B | -7.13B | -3.82B |
| Other Operating Activities | -1.13B | 2.35B | 2.30B | 4.62B | 950.25M | -534.75M |
| Operating Cash Flow | 11.35B | 8.94B | 3.64B | 1.12B | -726.49M | 587.76M |
| Capital Expenditures | -349.43M | -396.64M | -324.42M | -26.63M | -104.24M | |
| Investment in Securities | -9.36B | -8.03B | -1.39B | -176.02M | -1.09B | 5.26B |
| Other Investing Activities | 1.00 | 1.00 | ||||
| Investing Cash Flow | -9.71B | -8.43B | -1.72B | -202.65M | -960.82M | 5.16B |
| Long-Term Debt Repaid | -410.46M | -1.00B | -1.19B | -3.10B | ||
| Net Debt Issued (Repaid) | -410.46M | -1.00B | -1.19B | -3.10B | ||
| Common Dividends Paid | -577.91M | -925.24M | -212.76M | -378.20M | -349.55M | -279.72M |
| Other Financing Activities | 1.00 | |||||
| Financing Cash Flow | -577.91M | -1.34B | -1.22B | -1.56B | -3.45B | -279.72M |
| Net Cash Flow | 1.06B | -823.42M | 709.06M | -642.76M | -5.14B | 5.46B |
| Free Cash Flow | 11.00B | 8.54B | 3.32B | 1.10B | -726.49M | 483.52M |
| Free Cash Flow Margin | 154.05% | 29.59% | -9.10% | 6.13% | ||
| Free Cash Flow Per Share | 12.68 | 9.85 | 3.83 | 1.26 | -0.84 | 0.56 |
| Cash Interest Paid | 13.19B | 8.11B | 6.57B | 5.04B | 8.39B | 11.97B |
Ratios
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 28.53B | 39.63B | 51.52B | 74.12B | 81.87B | 94.52B |
| Last Close Price | 32.90 | 45.70 | 59.23 | 84.98 | 93.36 | 106.75 |
| PE Ratio | 157.65 | 95.53 | 56.63 | 81.95 | ||
| PS Ratio | -13.74 | 23.91 | 19.99 | 10.25 | 11.98 | |
| PB Ratio | 1.07 | 1.22 | 1.14 | 1.64 | 1.83 | 2.13 |
| P/FCF Ratio | 2.59 | 4.64 | 15.52 | 67.54 | 195.49 | |
| P/OCF Ratio | 2.51 | 4.43 | 14.14 | 65.94 | 160.82 | |
| Debt / Equity Ratio | 2.25 | 1.54 | 0.52 | 0.55 | 0.60 | 0.60 |
| Debt / FCF Ratio | 5.44 | 5.85 | 7.12 | 22.79 | 54.86 | |
| Net Debt / Equity Ratio | 1.74 | 1.21 | 0.27 | 0.31 | 0.35 | 0.22 |
| Net Debt / FCF Ratio | 4.20 | 4.58 | 3.61 | 12.83 | -21.36 | 20.30 |
| Asset Turnover | 0.01 | 0.02 | 0.04 | 0.04 | ||
| Quick Ratio | 1.21 | 0.35 | 0.38 | 0.39 | 0.41 | 0.44 |
| Current Ratio | 1.23 | 0.40 | 0.48 | 0.48 | 0.49 | 0.50 |
| Return on Equity (ROE) | -44.35% | -31.31% | 0.73% | 1.73% | 3.25% | 2.62% |
| Return on Assets (ROA) | -7.40% | -6.19% | 0.17% | 0.40% | 0.73% | 0.57% |
| Return on Invested Capital (ROIC) | -15.62% | -13.76% | 0.50% | 1.17% | 4.19% | 2.17% |
| Earnings Yield | -53.39% | -30.63% | 0.63% | 1.05% | 1.77% | 1.22% |
| FCF Yield | 38.55% | 21.56% | 6.44% | 1.48% | -0.89% | 0.51% |
| Dividend Yield | 0.34% | 0.29% | 0.49% | 0.94% | ||
| Payout Ratio | 65.11% | 48.75% | 24.18% | 24.25% | ||
| Buyback Yield / Dilution | 0.00% | 0.00% | ||||
| Total Shareholder Return | 0.34% | 0.29% | 0.49% | 0.94% |