Apex Footwear profit rises 10% in Q3 on stronger sales

Apex Footwear Ltd, one of the leading footwear manufacturers in Bangladesh, reported higher profits for the January-March quarter, driven by higher net sales revenue.  

The company posted a net profit of Tk 1.06 crore for the third quarter, up 10 percent year on year, according to its financial statements.

Its earnings per share rose to Tk 0.54 in the third quarter of FY2025-26 from Tk 0.49 in the same period a year earlier.

However, the net operating cash flow per share fell to Tk 122.92 for the nine months through March 2026 from Tk 140.95 in the corresponding period of FY2024-25.

The company attributed the decline to higher payments to suppliers and employees under its cost of goods sold, as well as increased direct labour costs, utility bills, and income tax payments.

Its net asset value per share rose over the same nine-month period, reflecting the net effect of a Tk 26.80 crore decrease in non-current assets, a Tk 41.64 crore fall in current assets, a Tk 62.32 crore reduction in non-current liabilities, and a Tk 11.11 crore drop in current liabilities and provisions.

Shares of Apex Footwear dropped 0.78 percent to Tk 202.70 as of 1:04 pm on the Dhaka Stock Exchange (DSE) today.

As at 31 March 2026, sponsors and directors held 31.01 percent of Apex's shares, institutions 28.82 percent, and the general public 40.17 percent, according to DSE data.

Founded in 1990 as an export-oriented factory, Apex listed on the stock exchange in 1993. It launched Gallerie Apex in 1997 and its flagship brands, Apex and Moochie, in 2000.