DSE : SUMITPOWER
Summit Power Limited — Financial statements
Cogeneration Services and Small Power Producers · Bangladesh
Last price 15.7 BDT (At close: Oct 29, 2026) · Market cap 16.77B
Latest research: Summit Power valuation report: fair value BDT 7.6–18.5 (Oct 2026) · PPAs ending in 2031-2033 and 20-64% ownership put fair value at BDT 7.6-18.5, base 13.6
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Financial statements
Summit Power Limited (SUMITPOWER) reported revenue of 33.39B 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 | 33.39B | 42.24B | 45.20B | 55.18B | 53.42B | 39.66B |
| Fuel & Purchased Power | 12.62M | 14.10M | 18.49M | 15.47M | 16.25M | 15.78M |
| Operations & Maintenance | 34.09M | 35.32M | 33.62M | 32.83M | 30.65M | 29.38M |
| Selling, General & Admin | 269.66M | 230.37M | 246.15M | 241.57M | 254.57M | 224.33M |
| Depreciation & Amortization | 33.93M | 33.46M | 34.70M | 46.23M | 54.64M | 51.17M |
| Amortization of Goodwill & Intangibles | 2.25M | 5.20M | 4.94M | 5.10M | 4.61M | 4.57M |
| Provision for Bad Debts | 147.76M | |||||
| Other Operating Expenses | 25.94B | 34.92B | 36.70B | 50.70B | 44.93B | 30.21B |
| Total Operating Expenses | 26.29B | 35.24B | 37.04B | 51.04B | 45.44B | 30.53B |
| Operating Income | 7.10B | 7.01B | 8.17B | 4.14B | 7.98B | 9.13B |
| Interest Expense | -2.75B | -2.92B | -3.14B | -2.76B | -1.74B | -1.56B |
| Interest Income | 186.70M | 293.89M | 377.13M | 297.70M | 283.42M | 441.33M |
| Net Interest Expense | -2.56B | -2.62B | -2.77B | -2.47B | -1.45B | -1.12B |
| Income (Loss) on Equity Investments | 978.17M | 879.06M | 842.90M | 812.62M | 633.77M | 563.37M |
| Currency Exchange Gain (Loss) | -3.29M | -81.26M | -381.81M | -622.46M | -257.63M | -6.29M |
| Other Non-Operating Income (Expenses) | -101.10M | -115.77M | -104.41M | -82.54M | -87.84M | -77.66M |
| EBT Excluding Unusual Items | 5.41B | 5.07B | 5.76B | 1.78B | 6.81B | 8.49B |
| Gain (Loss) on Sale of Assets | -10.01K | 7.66M | 25.00K | 15.11M | 4.16M | 1.24M |
| Asset Writedown | -1.38B | -1.38B | ||||
| Pretax Income | 4.03B | 3.69B | 5.76B | 1.80B | 6.82B | 8.49B |
| Income Tax Expense | 415.69M | 301.86M | 201.08M | 83.26M | 85.41M | 60.41M |
| Earnings From Continuing Ops. | 3.61B | 3.39B | 5.56B | 1.72B | 6.73B | 8.43B |
| Minority Interest in Earnings | -3.19B | -2.98B | -2.21B | 491.75M | -2.60B | -2.82B |
| Net Income | 421.51M | 408.21M | 3.35B | 2.21B | 4.13B | 5.61B |
| Net Income to Common | 421.51M | 408.21M | 3.35B | 2.21B | 4.13B | 5.61B |
| Shares Outstanding (Basic) | 1.07B | 1.07B | 1.07B | 1.07B | 1.07B | 1.07B |
| Shares Outstanding (Diluted) | 1.07B | 1.07B | 1.07B | 1.07B | 1.07B | 1.07B |
| EPS (Basic) | 0.39 | 0.38 | 3.13 | 2.07 | 3.87 | 5.25 |
| EPS (Diluted) | 0.39 | 0.38 | 3.13 | 2.07 | 3.87 | 5.25 |
| Free Cash Flow | 7.83B | 9.28B | 5.54B | 6.62B | 5.04B | 8.39B |
| Free Cash Flow Per Share | 7.33 | 8.69 | 5.18 | 6.20 | 4.72 | 7.86 |
| Dividend Per Share | 1.05 | 1.05 | 1.00 | 1.00 | 2.00 | 3.50 |
| Profit Margin | 1.26% | 0.97% | 7.41% | 4.00% | 7.73% | 14.13% |
| Free Cash Flow Margin | 23.46% | 21.96% | 12.25% | 11.99% | 9.44% | 21.15% |
| EBITDA | 9.44B | 9.72B | 10.65B | 6.51B | 10.01B | 11.04B |
| EBITDA Margin | 28.28% | 23.02% | 23.57% | 11.79% | 18.75% | 27.83% |
| D&A For EBITDA | 2.34B | 2.72B | 2.49B | 2.36B | 2.04B | 1.91B |
| EBIT | 7.10B | 7.01B | 8.17B | 4.14B | 7.98B | 9.13B |
| EBIT Margin | 21.26% | 16.59% | 18.07% | 7.51% | 14.93% | 23.01% |
| Effective Tax Rate | 10.31% | 8.18% | 3.49% | 4.63% | 1.25% | 0.71% |
Balance sheet
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 3.61B | 4.87B | 7.60B | 8.57B | 6.00B | 9.16B |
| Accounts Receivable | 27.30B | 23.61B | 27.18B | 29.28B | 34.18B | 15.83B |
| Other Receivables | 806.95M | 123.60M | 211.73M | 140.90M | 110.24M | 101.43M |
| Inventory | 5.12B | 965.76M | 791.99M | 849.55M | 661.13M | 637.31M |
| Prepaid Expenses | 97.65M | 154.86M | 176.68M | 166.75M | 102.60M | 100.84M |
| Other Current Assets | 4.84B | 10.07B | 8.74B | 10.07B | 8.01B | 2.72B |
| Total Current Assets | 41.79B | 39.80B | 44.71B | 49.07B | 49.06B | 28.55B |
| Property, Plant & Equipment | 42.60B | 43.76B | 45.28B | 44.14B | 40.48B | 38.52B |
| Other Intangible Assets | 24.94M | 25.89M | 31.01M | 35.65M | 39.59M | 43.45M |
| Long-Term Investments | 12.96B | 12.80B | 13.02B | 11.73B | 9.99B | 9.37B |
| Long-Term Accounts Receivable | 5.94B | 5.77B | 5.68B | 5.15B | 3.82B | 2.55B |
| Total Assets | 103.31B | 102.15B | 108.72B | 110.12B | 103.39B | 79.04B |
| Accounts Payable | 4.37B | 11.79B | 14.64B | 20.33B | 22.77B | 6.93B |
| Accrued Expenses | 596.13M | 444.29M | 107.54M | 303.27M | 133.04M | 87.17M |
| Short-Term Debt | 15.71B | 8.37B | 10.08B | 12.24B | 7.77B | 2.60B |
| Current Portion of Long-Term Debt | 3.85B | 3.78B | 3.71B | 3.33B | 2.74B | 2.21B |
| Current Unearned Revenue | 204.18M | 6.03M | 3.74M | |||
| Current Income Taxes Payable | 1.15B | 959.00M | 648.33M | 440.80M | 304.31M | 219.93M |
| Other Current Liabilities | 2.55B | 1.37B | 2.72B | 1.12B | 432.12M | 486.28M |
| Total Current Liabilities | 28.43B | 26.71B | 31.89B | 37.78B | 34.15B | 12.53B |
| Long-Term Debt | 10.47B | 13.15B | 16.27B | 18.52B | 18.93B | 19.49B |
| Long-Term Leases | 7.15M | 13.20M | 15.76M | 7.58M | 12.65M | 16.98M |
| Pension & Post-Retirement Benefits | 252.15M | 213.21M | 224.38M | 276.13M | 263.64M | 243.30M |
| Long-Term Deferred Tax Liabilities | 69.46M | 7.29M | 40.87M | 24.21M | 43.36M | 12.40M |
| Other Long-Term Liabilities | 103.52M | 98.66M | 92.17M | 85.46M | 81.86M | 77.53M |
| Total Liabilities | 39.33B | 40.20B | 48.54B | 56.69B | 53.48B | 32.37B |
| Common Stock | 10.68B | 10.68B | 10.68B | 10.68B | 10.68B | 10.68B |
| Additional Paid-In Capital | 6.48B | 6.48B | 6.48B | 6.48B | 6.48B | 6.48B |
| Retained Earnings | 20.69B | 20.64B | 21.31B | 18.95B | 18.85B | 18.43B |
| Comprehensive Income & Other | 5.63B | 5.52B | 5.78B | 4.49B | 2.14B | 1.19B |
| Total Common Equity | 43.47B | 43.33B | 44.25B | 40.60B | 38.15B | 36.78B |
| Minority Interest | 20.51B | 18.63B | 15.93B | 12.84B | 11.76B | 9.88B |
| Shareholders' Equity | 63.98B | 61.96B | 60.18B | 53.43B | 49.91B | 46.67B |
| Total Liabilities & Equity | 103.31B | 102.15B | 108.72B | 110.12B | 103.39B | 79.04B |
| Total Debt | 30.03B | 25.31B | 30.07B | 34.11B | 29.46B | 24.31B |
| Net Cash (Debt) | -26.42B | -20.44B | -22.47B | -25.54B | -23.45B | -15.15B |
| Net Cash Per Share | -24.74 | -19.14 | -21.04 | -23.92 | -21.96 | -14.19 |
| Filing Date Shares Outstanding | 1.07B | 1.07B | 1.07B | 1.07B | 1.07B | 1.07B |
| Total Common Shares Outstanding | 1.07B | 1.07B | 1.07B | 1.07B | 1.07B | 1.07B |
| Working Capital | 13.35B | 13.09B | 12.81B | 11.30B | 14.91B | 16.02B |
| Book Value Per Share | 40.71 | 40.57 | 41.44 | 38.02 | 35.72 | 34.45 |
| Tangible Book Value | 43.44B | 43.30B | 44.22B | 40.56B | 38.11B | 36.74B |
| Tangible Book Value Per Share | 40.68 | 40.55 | 41.41 | 37.98 | 35.69 | 34.41 |
| Land | 2.73B | 2.73B | 2.23B | 2.13B | 1.97B | 1.88B |
| Machinery | 64.29B | 63.63B | 62.33B | 58.28B | 51.60B | 47.35B |
| Construction In Progress | -75.98K | -75.98K | -75.98K | 77.68M |
Cash flow statement
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 421.51M | 408.21M | 3.35B | 2.21B | 4.13B | 5.61B |
| Depreciation & Amortization | 2.35B | 2.72B | 2.49B | 2.37B | 2.04B | 1.92B |
| Other Amortization | 90.68M | 102.11M | 108.63M | 112.86M | 115.31M | 108.95M |
| Loss (Gain) on Sale of Assets | 10.01K | -7.66M | -25.00K | -15.11M | -4.16M | -1.24M |
| Loss (Gain) on Equity Investments | -978.17M | -879.06M | -842.90M | -812.62M | -633.77M | -563.37M |
| Asset Writedown | 1.38B | 1.38B | ||||
| Change in Accounts Receivable | -3.47B | 3.57B | 2.10B | 4.90B | -18.35B | -4.41B |
| Change in Inventory | -4.08B | -173.77M | 57.56M | -188.42M | -23.83M | -35.74M |
| Change in Accounts Payable | -7.20B | -2.85B | -5.69B | -2.43B | 15.84B | 3.75B |
| Change in Other Net Operating Assets | 6.32B | 313.19M | -370.43M | -1.36B | -1.33B | -1.07B |
| Other Operating Activities | 13.99B | 5.86B | 5.35B | 2.74B | 4.53B | 3.82B |
| Operating Cash Flow | 8.83B | 10.45B | 6.55B | 7.52B | 6.31B | 9.11B |
| Capital Expenditures | -993.70M | -1.17B | -1.01B | -899.52M | -1.27B | -718.75M |
| Sale of Property, Plant & Equipment | -2.78M | 7.66M | 25.00K | 15.51M | 3.57M | 1.39M |
| Other Investing Activities | -398.15M | 310.47M | 456.86M | 804.96M | 542.34M | 569.64M |
| Investing Cash Flow | 5.47B | 2.94B | 772.38M | -1.69B | -5.89B | -2.28B |
| Long-Term Debt Issued | 29.43B | 39.92B | 25.35B | 13.71B | 4.87B | |
| Total Debt Issued | 13.28B | 29.43B | 39.92B | 25.35B | 13.71B | 4.87B |
| Long-Term Debt Repaid | -34.32B | -45.12B | -23.59B | -9.53B | -4.04B | |
| Total Debt Repaid | -18.17B | -34.32B | -45.12B | -23.59B | -9.53B | -4.04B |
| Net Debt Issued (Repaid) | -4.89B | -4.88B | -5.19B | 1.76B | 4.18B | 829.62M |
| Common Dividends Paid | -908.11M | -2.61B | -6.08B | -2.51B | ||
| Dividends Paid | -1.91B | -997.76M | -1.32B | -2.61B | -6.08B | -2.51B |
| Other Financing Activities | -9.57B | -7.26B | -4.40B | -2.84B | -1.90B | -1.72B |
| Financing Cash Flow | -16.80B | -13.58B | -11.35B | -3.69B | -3.80B | -3.41B |
| Foreign Exchange Rate Adjustments | 800.56M | -2.54B | 3.06B | 422.37M | 211.43M | 14.00M |
| Net Cash Flow | -1.70B | -2.73B | -967.41M | 2.56B | -3.16B | 3.44B |
| Free Cash Flow | 7.83B | 9.28B | 5.54B | 6.62B | 5.04B | 8.39B |
| Free Cash Flow Margin | 23.46% | 21.96% | 12.25% | 11.99% | 9.44% | 21.15% |
| Free Cash Flow Per Share | 7.33 | 8.69 | 5.18 | 6.20 | 4.72 | 7.86 |
| Levered Free Cash Flow | -2.87B | 2.84B | 4.05B | 3.56B | -2.97B | 3.09B |
| Unlevered Free Cash Flow | -1.24B | 4.57B | 5.90B | 5.18B | -2.00B | 3.96B |
| Cash Interest Paid | 2.65B | 2.86B | 3.03B | 2.72B | 1.67B | 1.48B |
| Cash Income Tax Paid | 92.36M | 252.91M | 136.68M | 103.16M | 64.73M | 88.17M |
| Change in Working Capital | -8.43B | 861.78M | -3.91B | 911.87M | -3.86B | -1.77B |
Ratios
Fiscal year July - June; amounts in BDT.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 16.77B | 15.06B | 23.60B | 36.31B | 40.05B | 47.09B |
| Enterprise Value | 63.70B | 54.80B | 60.60B | 78.59B | 70.96B | 73.33B |
| PE Ratio | 39.78 | 36.89 | 7.05 | 16.45 | 9.70 | 8.40 |
| PS Ratio | 0.50 | 0.36 | 0.52 | 0.66 | 0.75 | 1.19 |
| PB Ratio | 0.26 | 0.24 | 0.39 | 0.68 | 0.80 | 1.01 |
| P/FCF Ratio | 2.14 | 1.62 | 4.26 | 5.49 | 7.94 | 5.61 |
| P/OCF Ratio | 1.90 | 1.44 | 3.60 | 4.83 | 6.34 | 5.17 |
| EV/Sales Ratio | 1.91 | 1.30 | 1.34 | 1.42 | 1.33 | 1.85 |
| EV/EBITDA Ratio | 6.11 | 5.64 | 5.69 | 12.08 | 7.08 | 6.64 |
| EV/EBIT Ratio | 7.89 | 7.82 | 7.42 | 18.97 | 8.89 | 8.04 |
| EV/FCF Ratio | 8.13 | 5.91 | 10.95 | 11.88 | 14.07 | 8.74 |
| Debt / Equity Ratio | 0.47 | 0.41 | 0.50 | 0.64 | 0.59 | 0.52 |
| Debt / EBITDA Ratio | 3.18 | 2.60 | 2.82 | 5.24 | 2.94 | 2.20 |
| Debt / FCF Ratio | 3.83 | 2.73 | 5.43 | 5.16 | 5.84 | 2.90 |
| Net Debt / Equity Ratio | 0.41 | 0.33 | 0.37 | 0.48 | 0.47 | 0.33 |
| Net Debt / EBITDA Ratio | 2.80 | 2.10 | 2.11 | 3.92 | 2.34 | 1.37 |
| Net Debt / FCF Ratio | 3.37 | 2.20 | 4.06 | 3.86 | 4.65 | 1.81 |
| Quick Ratio | 1.12 | 1.07 | 1.10 | 1.01 | 1.18 | 2.00 |
| Current Ratio | 1.47 | 1.49 | 1.40 | 1.30 | 1.44 | 2.28 |
| Asset Turnover | 0.32 | 0.40 | 0.41 | 0.52 | 0.59 | 0.54 |
| Return on Equity (ROE) | 5.66% | 5.55% | 9.79% | 3.32% | 13.94% | 19.27% |
| Return on Assets (ROA) | 4.28% | 4.15% | 4.67% | 2.43% | 5.47% | 7.69% |
| Return on Capital Employed (ROCE) | 9.50% | 9.30% | 10.60% | 5.70% | 11.50% | 13.70% |
| Earnings Yield | 2.51% | 2.71% | 14.18% | 6.08% | 10.31% | 11.90% |
| FCF Yield | 46.72% | 61.61% | 23.45% | 18.22% | 12.59% | 17.82% |
| Dividend Yield | 6.69% | 7.45% | 4.52% | 2.94% | 5.33% | 7.94% |
| Payout Ratio | 452.15% | 244.43% | 39.32% | 118.04% | 147.20% | 44.85% |
| Total Shareholder Return | 6.71% | 7.45% | 4.52% | 2.94% | 5.33% | 7.94% |