DSE : SEAPEARL
Sea Pearl Beach Resort & Spa Limited — Financial statements
Hotels and Motels · Bangladesh
Last price 32.9 BDT (At close: Oct 29, 2026) · Market cap 3.97B
Latest research: Sea Pearl Beach Resort financial analysis: bond interest outruns operating profit as FY2025 revenue falls 59% (Oct 2026) · Sea Pearl Beach Resort: a BDT 6.1bn ICB bond under litigation accrues more interest than the resort earns, and FY2025 revenue fell 59%
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Technical report: trend, RSI, support and resistance, charts
Financial statements
Sea Pearl Beach Resort & Spa Limited (SEAPEARL) reported revenue of 796.02M 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 | 796.02M | 684.27M | 1.66B | 1.98B | 926.53M | 643.94M |
| Cost of Revenue | 250.29M | 207.75M | 422.32M | 510.52M | 153.52M | 142.49M |
| Gross Profit | 545.74M | 476.52M | 1.24B | 1.47B | 773.00M | 501.46M |
| Selling, General & Admin | 334.47M | 331.36M | 349.37M | 346.18M | 242.24M | 200.01M |
| Operating Expenses | 334.47M | 331.36M | 349.37M | 346.18M | 242.24M | 200.01M |
| Operating Income | 211.27M | 145.15M | 886.35M | 1.12B | 530.76M | 301.45M |
| Interest Expense | -588.23M | -564.03M | -518.92M | -412.30M | -336.44M | -212.13M |
| Interest & Investment Income | 1.16M | 1.12M | 737.63K | 3.38M | 2.26M | 698.67K |
| Earnings From Equity Investments | 52.35M | 55.71M | 40.88M | 76.94M | ||
| Other Non Operating Income (Expenses) | -417.86K | -297.45K | -518.42K | -388.21K | -326.98K | 5.55M |
| EBT Excluding Unusual Items | -323.87M | -362.34M | 408.53M | 791.66M | 196.25M | 95.58M |
| Gain (Loss) on Sale of Investments | -52.99M | 1.99M | 3.77M | |||
| Gain (Loss) on Sale of Assets | -12.03M | |||||
| Pretax Income | -323.87M | -362.34M | 355.54M | 781.63M | 200.02M | 95.58M |
| Income Tax Expense | -54.76M | -65.63M | 75.34M | 80.47M | 38.68M | 21.89M |
| Net Income | -269.11M | -296.72M | 280.19M | 701.16M | 161.34M | 73.68M |
| Net Income to Common | -269.11M | -296.72M | 280.19M | 701.16M | 161.34M | 73.68M |
| Shares Outstanding (Basic) | 120.75M | 120.75M | 120.75M | 120.75M | 120.75M | 120.75M |
| Shares Outstanding (Diluted) | 120.75M | 120.75M | 120.75M | 120.75M | 120.75M | 120.75M |
| EPS (Basic) | -2.23 | -2.46 | 2.32 | 5.81 | 1.34 | 0.61 |
| EPS (Diluted) | -2.23 | -2.46 | 2.32 | 5.81 | 1.34 | 0.61 |
| Free Cash Flow | 228.40M | 245.26M | 62.09M | 190.07M | 141.21M | 133.91M |
| Free Cash Flow Per Share | 1.89 | 2.03 | 0.51 | 1.57 | 1.17 | 1.11 |
| Dividend Per Share | 0.05 | 0.05 | 0.70 | 1.70 | 1.50 | 0.10 |
| Gross Margin | 68.56% | 69.64% | 74.53% | 74.23% | 83.43% | 77.87% |
| Operating Margin | 26.54% | 21.21% | 53.46% | 56.75% | 57.28% | 46.81% |
| Profit Margin | -33.81% | -43.36% | 16.90% | 35.40% | 17.41% | 11.44% |
| Free Cash Flow Margin | 28.69% | 35.84% | 3.74% | 9.60% | 15.24% | 20.79% |
| EBITDA | 359.55M | 312.08M | 1.03B | 1.25B | 660.38M | 378.95M |
| EBITDA Margin | 45.17% | 45.61% | 62.34% | 63.11% | 71.27% | 58.85% |
| D&A For EBITDA | 148.28M | 166.92M | 147.35M | 126.09M | 129.61M | 77.50M |
| EBIT | 211.27M | 145.15M | 886.35M | 1.12B | 530.76M | 301.45M |
| EBIT Margin | 26.54% | 21.21% | 53.46% | 56.75% | 57.28% | 46.81% |
| Effective Tax Rate | 21.19% | 10.29% | 19.34% | 22.91% | ||
| Advertising Expenses | 1.28M | 1.72M | 1.19M | 911.72K | 822.56K |
Balance sheet
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 131.22M | 58.88M | 91.43M | 50.41M | 68.74M | 162.86M |
| Short-Term Investments | 37.19M | 36.66M | 42.59M | 87.30M | 67.81M | 19.92M |
| Cash & Short-Term Investments | 168.40M | 95.54M | 134.03M | 137.71M | 136.55M | 182.78M |
| Accounts Receivable | 295.14M | 265.29M | 290.14M | 286.42M | 71.76M | 64.44M |
| Receivables | 295.14M | 265.29M | 290.14M | 286.42M | 71.76M | 64.44M |
| Inventory | 161.90M | 124.49M | 112.32M | 119.96M | 51.65M | 41.00M |
| Prepaid Expenses | 5.85M | 14.83M | 6.71M | 10.95M | 568.57K | 2.60M |
| Other Current Assets | 133.28M | 111.83M | 83.66M | 217.62M | 207.75M | 196.60M |
| Total Current Assets | 764.57M | 611.97M | 626.85M | 772.66M | 468.28M | 487.41M |
| Property, Plant & Equipment | 7.44B | 7.56B | 7.68B | 6.75B | 6.01B | 5.54B |
| Long-Term Investments | 524.97M | 512.62M | 456.90M | 416.02M | ||
| Total Assets | 8.72B | 8.68B | 8.76B | 7.94B | 6.47B | 6.03B |
| Accounts Payable | 340.11M | 340.40M | 340.32M | 5.75M | 5.55M | 3.10M |
| Accrued Expenses | 26.28M | 22.21M | 35.02M | 51.30M | 27.94M | 41.49M |
| Short-Term Debt | 77.01M | 123.61M | 108.93M | 118.57M | 113.95M | 39.49M |
| Current Portion of Long-Term Debt | 986.03M | 988.80M | 989.45M | 991.04M | 991.04M | 985.47M |
| Current Portion of Leases | 9.00M | 18.00M | 18.00M | 10.91M | 15.68M | 5.21M |
| Current Income Taxes Payable | 60.40M | 54.22M | 47.60M | 37.50M | 24.54M | 19.03M |
| Other Current Liabilities | 381.81M | 468.88M | 454.20M | 545.06M | 21.34M | 5.94M |
| Total Current Liabilities | 1.88B | 2.02B | 1.99B | 1.76B | 1.20B | 1.10B |
| Long-Term Debt | 5.09B | 4.66B | 4.30B | 3.99B | 3.77B | 3.59B |
| Long-Term Leases | 6.79M | 10.10M | 13.39M | 3.00M | 1.38M | 2.15M |
| Long-Term Deferred Tax Liabilities | 98.26M | 145.69M | 217.94M | 152.69M | 85.18M | 52.01M |
| Total Liabilities | 7.08B | 6.84B | 6.53B | 5.91B | 5.05B | 4.75B |
| Common Stock | 1.21B | 1.21B | 1.21B | 1.21B | 1.21B | 1.21B |
| Retained Earnings | 424.68M | 620.93M | 1.00B | 831.12M | 226.25M | 76.99M |
| Comprehensive Income & Other | 17.46M | 16.93M | 22.87M | -7.59M | -12.96M | -890.34K |
| Shareholders' Equity | 1.65B | 1.85B | 2.23B | 2.03B | 1.42B | 1.28B |
| Total Liabilities & Equity | 8.72B | 8.68B | 8.76B | 7.94B | 6.47B | 6.03B |
| Total Debt | 6.17B | 5.80B | 5.43B | 5.12B | 4.89B | 4.63B |
| Net Cash (Debt) | -6.00B | -5.71B | -5.30B | -4.98B | -4.75B | -4.44B |
| Net Cash Per Share | -49.69 | -47.28 | -43.90 | -41.25 | -39.36 | -36.80 |
| Filing Date Shares Outstanding | 120.75M | 120.75M | 120.75M | 120.75M | 120.75M | 120.75M |
| Total Common Shares Outstanding | 120.75M | 120.75M | 120.75M | 120.75M | 120.75M | 120.75M |
| Working Capital | -1.12B | -1.40B | -1.37B | -987.48M | -731.75M | -612.31M |
| Book Value Per Share | 13.66 | 15.28 | 18.49 | 16.82 | 11.77 | 10.63 |
| Tangible Book Value | 1.65B | 1.85B | 2.23B | 2.03B | 1.42B | 1.28B |
| Tangible Book Value Per Share | 13.66 | 15.28 | 18.49 | 16.82 | 11.77 | 10.63 |
| Land | 660.91M | 656.58M | 629.23M | 424.93M | 247.90M | 202.87M |
| Buildings | 5.96B | 5.95B | 5.93B | 4.99B | 3.94B | 3.72B |
| Machinery | 1.74B | 1.73B | 1.72B | 1.40B | 1.26B | 1.14B |
| Construction In Progress | 29.01M | 29.01M | 44.09M | 448.61M | 988.60M | 795.96M |
Cash flow statement
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -269.11M | -296.72M | 280.19M | 701.16M | 161.34M | 73.68M |
| Depreciation & Amortization | 178.33M | 184.14M | 164.83M | 144.23M | 129.61M | 82.20M |
| Loss (Gain) From Sale of Assets | 12.03M | |||||
| Other Operating Activities | 438.38M | 458.23M | 568.74M | 216.44M | 352.06M | 222.96M |
| Change in Inventory | -63.08M | -12.18M | -38.35M | -68.31M | -10.65M | -5.71M |
| Change in Accounts Payable | -1.20M | -397.26K | -1.50M | 201.58K | 2.44M | -4.08M |
| Change in Other Net Operating Assets | -19.52M | -38.17M | 158.52M | -6.63M | -214.73M | -50.39M |
| Operating Cash Flow | 263.80M | 294.91M | 1.13B | 999.11M | 420.07M | 318.66M |
| Capital Expenditures | -35.40M | -49.65M | -1.07B | -809.04M | -278.87M | -184.75M |
| Investment in Securities | 75.16M | -358.58M | -59.95M | 58.82K | ||
| Other Investing Activities | -27.23M | -14.42M | 9.70M | -2.51M | ||
| Investing Cash Flow | -35.40M | -49.65M | -1.02B | -1.18B | -329.12M | -187.20M |
| Short-Term Debt Issued | 14.68M | 4.63M | 74.46M | |||
| Long-Term Debt Issued | 17.47M | 19.36M | ||||
| Total Debt Issued | 12.01M | 14.68M | 17.47M | 4.63M | 93.82M | |
| Short-Term Debt Repaid | -9.64M | -280.51K | ||||
| Long-Term Debt Repaid | -203.43M | -193.48M | -259.29M | -261.81M | -6.84M | |
| Lease Payments | -18.02M | -18.00M | -3.14M | -11.81M | -2.99M | |
| Total Debt Repaid | -75.31M | -203.43M | -203.12M | -259.29M | -261.81M | -7.12M |
| Net Debt Issued (Repaid) | -63.31M | -188.75M | -185.65M | -254.66M | -167.99M | -7.12M |
| Common Dividends Paid | -83.49M | -70.56M | -107.12M | -95.76M | -12.19M | -5.47M |
| Other Financing Activities | 5.12M | -18.50M | 223.77M | 515.00M | -4.89M | -52.73M |
| Financing Cash Flow | -141.68M | -277.81M | -69.00M | 164.59M | -185.07M | -65.32M |
| Net Cash Flow | 86.72M | -32.55M | 41.03M | -18.34M | -94.11M | 66.14M |
| Free Cash Flow | 228.40M | 245.26M | 62.09M | 190.07M | 141.21M | 133.91M |
| Free Cash Flow Margin | 28.69% | 35.84% | 3.74% | 9.60% | 15.24% | 20.79% |
| Free Cash Flow Per Share | 1.89 | 2.03 | 0.51 | 1.57 | 1.17 | 1.11 |
| Levered Free Cash Flow | -188.20M | -142.35M | -296.21M | 37.05M | -45.10M | -111.94M |
| Unlevered Free Cash Flow | 179.44M | 210.17M | 28.12M | 294.74M | 165.18M | 20.65M |
| Free Cash Flow After Leases | 210.38M | 227.26M | 62.09M | 186.93M | 129.39M | 130.91M |
| Cash Interest Paid | 588.23M | 564.03M | 518.92M | 412.30M | 336.44M | 212.13M |
| Cash Income Tax Paid | 13.70M | 9.61M | 7.94M | 10.35M | 20.54M | 4.11M |
| Change in Working Capital | -83.80M | -50.74M | 118.67M | -74.74M | -222.94M | -60.18M |
Ratios
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.97B | 6.54B | 11.04B | 25.49B | 5.28B | 5.16B |
| Enterprise Value | 9.97B | 12.12B | 16.32B | 30.45B | 9.98B | 9.49B |
| Last Close Price | 32.90 | 54.12 | 89.39 | 204.52 | 41.99 | 40.94 |
| PE Ratio | 39.39 | 36.35 | 32.71 | 69.98 | ||
| PS Ratio | 4.99 | 9.56 | 6.66 | 12.87 | 5.70 | 8.01 |
| PB Ratio | 2.41 | 3.55 | 4.94 | 12.55 | 3.71 | 4.02 |
| P/TBV Ratio | 2.41 | 3.55 | 4.94 | 12.55 | 3.71 | 4.02 |
| P/FCF Ratio | 17.39 | 26.68 | 177.75 | 134.11 | 37.37 | 38.50 |
| P/OCF Ratio | 15.06 | 22.19 | 9.75 | 25.51 | 12.56 | 16.18 |
| EV/Sales Ratio | 12.53 | 17.71 | 9.84 | 15.37 | 10.77 | 14.74 |
| EV/EBITDA Ratio | 23.24 | 38.84 | 15.78 | 24.36 | 15.11 | 25.04 |
| EV/EBIT Ratio | 37.83 | 83.51 | 18.41 | 27.09 | 18.79 | 31.48 |
| EV/FCF Ratio | 43.66 | 49.42 | 262.78 | 160.19 | 70.64 | 70.87 |
| Debt / Equity Ratio | 3.74 | 3.15 | 2.43 | 2.52 | 3.44 | 3.60 |
| Debt / EBITDA Ratio | 16.38 | 17.63 | 5.17 | 4.04 | 7.40 | 12.06 |
| Debt / FCF Ratio | 27.01 | 23.67 | 87.53 | 26.93 | 34.63 | 34.54 |
| Net Debt / Equity Ratio | 3.64 | 3.09 | 2.37 | 2.45 | 3.35 | 3.46 |
| Net Debt / EBITDA Ratio | 16.69 | 18.29 | 5.13 | 3.98 | 7.20 | 11.72 |
| Net Debt / FCF Ratio | 26.27 | 23.28 | 85.37 | 26.20 | 33.66 | 33.18 |
| Asset Turnover | 0.09 | 0.08 | 0.20 | 0.28 | 0.15 | 0.11 |
| Inventory Turnover | 1.91 | 1.75 | 3.64 | 5.95 | 3.31 | 3.55 |
| Quick Ratio | 0.25 | 0.18 | 0.21 | 0.24 | 0.17 | 0.23 |
| Current Ratio | 0.41 | 0.30 | 0.31 | 0.44 | 0.39 | 0.44 |
| Return on Equity (ROE) | -14.74% | -14.55% | 13.14% | 40.63% | 11.93% | 5.90% |
| Return on Assets (ROA) | 1.52% | 1.04% | 6.63% | 9.75% | 5.30% | 3.24% |
| Return on Invested Capital (ROIC) | 2.78% | 1.92% | 9.61% | 15.29% | 7.20% | 4.18% |
| Return on Capital Employed (ROCE) | 3.10% | 2.20% | 13.10% | 18.20% | 10.10% | 6.10% |
| Earnings Yield | -6.77% | -4.53% | 2.54% | 2.75% | 3.06% | 1.43% |
| FCF Yield | 5.75% | 3.75% | 0.56% | 0.75% | 2.68% | 2.60% |
| Dividend Yield | 0.15% | 0.09% | 0.77% | 0.80% | 3.43% | 0.23% |
| Payout Ratio | 38.23% | 13.66% | 7.55% | 7.42% | ||
| Total Shareholder Return | 0.15% | 0.09% | 0.77% | 0.80% | 3.43% | 0.23% |