Apex Footwear’s profit falls 23%

Apex Footwear Ltd has reported a sharp decline in annual profit, prompting the company to recommend a lower cash dividend compared with the previous year.

Its net profit dropped by 23 percent year-on-year to Tk 13.55 crore for the year ended June 30, 2025.

The shoemaker's earnings per share fell to Tk 8.62 from Tk 11.22 a year earlier, the company said in a recent price-sensitive information disclosure.

Its operating cash flow also weakened significantly, with net operating cash flow per share sliding to Tk 56.48 from Tk 165.88 in the previous financial year.

In light of the results, the board of directors recommended a 25 percent cash dividend and a 25 percent stock dividend for the year ended June 30, 2025.

Last year, the company declared a 35 percent cash dividend and a 10 percent stock dividend.

The company said the stock dividend was aimed at converting retained earnings into paid-up capital to strengthen its capital base.

As of August 31, 2025, sponsors and directors held 31.54 percent of Apex Footwear's shares, institutional investors 27.45 percent, and the general public 41.01 percent, according to Dhaka Stock Exchange data.