Cash flow Lub-rref (Bangladesh) PLC.

Stocks

LRBDL

BD0323LUBRF7

Oil & Gas Refining and Marketing

End-of-day quote Dhaka S.E. 07/09/2026			5-day change	1st Jan Change
14.00 ^BDT	+1.45%		-4.11%	+41.41%

04-29	Lub-rref PLC. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2026	CI
01-29	Lub-rref PLC. Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2025	CI

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Published financial data: LUB-RREF (BANGLADESH) PLC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2021 (BDT)	2022 (BDT)	2023 (BDT)	2024 (BDT)	2025 (BDT)
Revenues	1.72B	1.8B	1.45B	623M	646M
Total Revenues	1.72B	1.8B	1.45B	623M	646M
Cost of Goods Sold, Total	1.17B	1.22B	1.02B	501M	620M
Gross Profit	554M	581M	423M	123M	25.7M
Selling General & Admin Expenses, Total	131M	155M	150M	184M	260M
Other Operating Expenses	-44.45M	-60.33M	-70.3M	-135M	-14.29M
Other Operating Expenses, Total	86.2M	94.9M	80.11M	48.71M	245M
Operating Income	468M	487M	343M	74.05M	-220M
Interest Expense, Total	-128M	-72.52M	-79.87M	-189M	-445M
Interest And Investment Income	23.23M	15.28M	15.52M	16.36M	10.36M
Net Interest Expenses	-105M	-57.25M	-64.34M	-173M	-435M
Other Non Operating Income (Expenses)	1.2M	3.4M	1.11M	527K	657K
EBT, Excl. Unusual Items	364M	433M	280M	-98.55M	-654M
EBT, Incl. Unusual Items	364M	433M	280M	-98.55M	-654M
Income Tax Expense	-29.91M	123M	75.25M	8.91M	9.11M
Earnings From Continuing Operations	394M	310M	205M	-107M	-663M
Net Income to Company	394M	310M	205M	-107M	-663M
Net Income - (IS)	394M	310M	205M	-107M	-663M
Net Income to Common Incl Extra Items	394M	310M	205M	-107M	-663M
Net Income to Common Excl. Extra Items	394M	310M	205M	-107M	-663M
Per Share Items
Net EPS - Basic	3.41	2.13	1.41	-0.74	-4.56
Basic EPS - Continuing Operations	3.41	2.13	1.41	-0.74	-4.56
Basic Weighted Average Shares Outstanding	116M	145M	145M	145M	145M
Net EPS - Diluted	3.41	2.13	1.41	-0.74	-4.56
Diluted EPS - Continuing Operations	3.41	2.13	1.41	-0.74	-4.56
Diluted Weighted Average Shares Outstanding	116M	145M	145M	145M	145M
Normalized Basic EPS	1.97	1.86	1.2	-0.42	-2.81
Normalized Diluted EPS	1.97	1.86	1.2	-0.42	-2.81
Dividend Per Share	1	1	0.2	0.1	-
Payout Ratio	-	30.07	7.45	-12.77	-0.09
Supplemental Items
EBITDA	700M	725M	575M	285M	-21.05M
EBITA	468M	487M	343M	74.05M	-220M
EBIT	468M	487M	343M	74.05M	-220M
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	-8.21	28.34	26.88	-9.04	-1.39
Total Current Taxes	58.38M	89.35M	61.11M	11.66M	14.38M
Total Deferred Taxes	-88.29M	33.3M	14.14M	-2.75M	-5.27M
Normalized Net Income	228M	270M	175M	-61.59M	-408M
Interest Capitalized	11.28M	10.3M	-	-	50M
Interest on Long-Term Debt	86.94M	46.55M	42.76M	131M	377M
Supplemental Operating Expense Items
Advertising Expense	350K	1.03M	630K	1.02M	1.63M
Marketing Expenses	587K	338K	4.6M	872K	3.85M
Selling and Marketing Expenses	53.24M	55.71M	57.61M	75.46M	87.89M
General and Administrative Expenses	59.19M	77.88M	78.8M	108M	172M
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Maintenance & Repair Expenses, Total	3.59M	3.99M	5.17M	5.53M	5.79M

Fiscal Period: June	2021 (BDT)	2022 (BDT)	2023 (BDT)	2024 (BDT)	2025 (BDT)
Assets
Cash And Equivalents	984M	636M	615M	406M	217M
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	984M	636M	615M	406M	217M
Accounts Receivable, Total	406M	517M	510M	446M	501M
Other Receivables	33.57M	13.86M	11.68M	21.35M	11.01M
Total Receivables	439M	531M	521M	468M	512M
Inventory	515M	534M	522M	498M	311M
Other Current Assets, Total	451M	500M	709M	680M	445M
Total Current Assets	2.39B	2.2B	2.37B	2.05B	1.48B
Gross Property Plant And Equipment	5.41B	6.16B	8.12B	9.51B	9.97B
Accumulated Depreciation	-1.12B	-1.36B	-1.6B	-1.81B	-2B
Net Property Plant And Equipment	4.29B	4.79B	6.52B	7.7B	7.97B
Other Long-Term Assets, Total	-	-	-	1	-1
Total Assets	6.68B	6.99B	8.89B	9.75B	9.45B
Liabilities
Accounts Payable, Total	9.26M	12.61M	104M	150M	152M
Accrued Expenses, Total	24.88M	29.89M	21.65M	6.81M	18.8M
Short-term Borrowings	414M	339M	695M	973M	585M
Current Portion of Long-Term Debt	51.07M	53.41M	250M	535M	624M
Current Portion of Leases	5.4M	5.97M	1.49M	1.31M	872K
Current Income Taxes Payable	184M	274M	133M	145M	163M
Other Current Liabilities	488K	624K	131M	146M	160M
Total Current Liabilities	689M	716M	1.34B	1.96B	1.7B
Long-Term Debt	445M	487M	1.68B	2.07B	2.72B
Long-Term Leases	11.36M	6.82M	7.11M	3.14M	-
Deferred Tax Liability Non Current	242M	274M	287M	284M	278M
Other Non Current Liabilities	-	1	-1	-1	1
Total Liabilities	1.39B	1.48B	3.32B	4.32B	4.7B
Common Stock, Total	1.45B	1.45B	1.45B	1.45B	1.45B
Additional Paid In Capital	1.45B	1.45B	1.45B	1.45B	1.45B
Retained Earnings	1.8B	2.02B	2.09B	1.96B	1.28B
Comprehensive Income and Other	592M	587M	583M	579M	576M
Total Common Equity	5.29B	5.51B	5.57B	5.44B	4.75B
Total Equity	5.29B	5.51B	5.57B	5.44B	4.75B
Total Liabilities And Equity	6.68B	6.99B	8.89B	9.75B	9.45B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	145M	145M	145M	145M	145M
ECS Total Common Shares Outstanding	145M	145M	145M	145M	145M
Book Value / Share	36.45	37.95	38.36	37.42	32.72
Tangible Book Value	5.29B	5.51B	5.57B	5.44B	4.75B
Tangible Book Value Per Share	36.45	37.95	38.36	37.42	32.72
Total Debt	927M	892M	2.64B	3.59B	3.93B
Net Debt	-57.07M	257M	2.02B	3.18B	3.71B
Debt Equivalent Oper. Leases	-	-	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	366M	423M	390M	381M	247M
Inventories - Finished Goods, Total	149M	110M	133M	117M	64.06M
Land - (BS)	1.19B	1.22B	2.17B	3.82B	3.82B
Buildings, Total	426M	428M	428M	428M	428M
Machinery, Total	3.36B	3.56B	3.56B	3.57B	3.57B
Full Time Employees	231	-	-	235	-

Fiscal Period: June	2021 (BDT)	2022 (BDT)	2023 (BDT)	2024 (BDT)	2025 (BDT)
Net Income	394M	310M	205M	-107M	-663M
Depreciation & Amortization - CF	234M	242M	235M	213M	200M
Depreciation & Amortization, Total	234M	242M	235M	213M	200M
Other Operating Activities, Total	39.51M	141M	417M	172M	439M
Change In Accounts Receivable	12.23M	-113M	9.7M	53.47M	-44.42M
Change In Inventories	13.26M	-19.08M	11.37M	24.69M	187M
Change In Accounts Payable	-1.34M	4.5M	91.61M	46.24M	1.55M
Change in Other Net Operating Assets	2.82M	-28.42M	-361M	39.73M	165M
Cash from Operations	695M	537M	608M	442M	286M
Capital Expenditure	-653M	-707M	-2.28B	-1.4B	-369M
Other Investing Activities, Total	15.51M	22.8M	317K	744K	1.19M
Cash from Investing	-638M	-684M	-2.28B	-1.39B	-368M
Short Term Debt Issued, Total	-	-	356M	277M	-
Long-Term Debt Issued, Total	15.95M	44M	1.39B	675M	731M
Total Debt Issued	15.95M	44M	1.75B	952M	731M
Short Term Debt Repaid, Total	-50.64M	-74.51M	-	-	-388M
Long-Term Debt Repaid, Total	-376M	-3.97M	-4.19M	-4.15M	-3.58M
Total Debt Repaid	-427M	-78.47M	-4.19M	-4.15M	-391M
Issuance of Common Stock	1.5B	-	-	-	-
Common Dividends Paid	-	-93.24M	-15.25M	-13.72M	-604K
Common & Preferred Stock Dividends Paid	-	-93.24M	-15.25M	-13.72M	-604K
Other Financing Activities, Total	-186M	-74.02M	-80.18M	-190M	-445M
Cash from Financing	903M	-202M	1.65B	744M	-107M
Miscellaneous Cash Flow Adjustments	-1	-	1	1	-
Net Change in Cash	961M	-348M	-20.17M	-209M	-189M
Supplemental Items
Cash Interest Paid	128M	72.52M	79.87M	189M	445M
Cash Income Tax Paid (Refund)	55.13M	56.29M	49.93M	11.66M	14.38M
Levered Free Cash Flow	-219M	-268M	-1.99B	-1.09B	-161M
Unlevered Free Cash Flow	-139M	-223M	-1.94B	-971M	117M
Change In Net Working Capital	12.83M	62.43M	115M	-165M	-423M
Net Debt Issued / Repaid	-411M	-34.47M	1.75B	948M	339M

Fiscal Period: June	2021 (BDT)	2022 (BDT)	2023 (BDT)	2024 (BDT)	2025 (BDT)
Profitability
Return on Assets	4.88	4.45	2.7	0.5	-1.43
Return on Total Capital	5.31	4.82	2.94	0.54	-1.55
Return On Equity %	9.02	5.74	3.69	-1.95	-13.01
Return on Common Equity	9.02	5.74	3.69	-1.95	-13.01
Margin Analysis
Gross Profit Margin %	32.15	32.33	29.23	19.69	3.98
SG&A Margin	7.58	8.63	10.39	29.49	40.17
EBITDA Margin %	40.58	40.32	39.73	45.64	-3.26
EBITA Margin %	27.15	27.06	23.7	11.88	-33.98
EBIT Margin %	27.15	27.06	23.7	11.88	-33.98
Income From Continuing Operations Margin %	22.88	17.24	14.13	-17.24	-102.57
Net Income Margin %	22.88	17.24	14.13	-17.24	-102.57
Net Avail. For Common Margin %	22.88	17.24	14.13	-17.24	-102.57
Normalized Net Income Margin	13.21	15.04	12.08	-9.88	-63.22
Levered Free Cash Flow Margin	-12.71	-14.91	-137.71	-174.75	-24.99
Unlevered Free Cash Flow Margin	-8.07	-12.39	-134.27	-155.75	18.06
Asset Turnover
Asset Turnover	0.29	0.26	0.18	0.07	0.07
Fixed Assets Turnover	0.42	0.4	0.26	0.09	0.08
Receivables Turnover (Average Receivables)	4.18	3.9	2.82	1.3	1.36
Inventory Turnover (Average Inventory)	2.24	2.32	1.94	0.98	1.54
Short Term Liquidity
Current Ratio	3.46	3.07	1.77	1.05	0.87
Quick Ratio	2.06	1.63	0.85	0.45	0.43
Operating Cash Flow to Current Liabilities	1.01	0.75	0.45	0.23	0.17
Days Sales Outstanding (Average Receivables)	87.34	93.6	129.33	280.57	267.64
Days Outstanding Inventory (Average Inventory)	162.63	157.18	188.01	372.74	237.78
Average Days Payable Outstanding	5.95	3.06	21.04	97.91	127.33
Cash Conversion Cycle (Average Days)	244.02	247.73	296.3	555.4	378.09
Long Term Solvency
Total Debt/Equity	17.51	16.19	47.35	65.97	82.69
Total Debt / Total Capital	14.9	13.93	32.13	39.75	45.26
LT Debt/Equity	8.62	8.95	30.35	38.22	57.22
Long-Term Debt / Total Capital	7.34	7.71	20.6	23.03	31.32
Total Liabilities / Total Assets	20.76	21.2	37.3	44.27	49.73
EBIT / Interest Expense	3.66	6.71	4.3	0.39	-0.49
EBITDA / Interest Expense	5.49	10.05	7.24	1.51	-0.04
(EBITDA - Capex) / Interest Expense	0.38	0.3	-21.29	-5.85	-0.87
Total Debt / EBITDA	1.32	1.22	4.56	12.5	-202.84
Net Debt / EBITDA	-0.08	0.35	3.5	11.09	-191.63
Total Debt / (EBITDA - Capex)	18.83	40.34	-1.55	-3.23	-10.1
Net Debt / (EBITDA - Capex)	-1.16	11.6	-1.19	-2.87	-9.55
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	1.98	4.33	-19.47	-56.95	3.63
Gross Profit, 1 Yr. Growth %	2.19	4.93	-27.2	-71	-79.06
EBITDA, 1 Yr. Growth %	5.66	3.66	-20.64	-50.55	-107.4
EBITA, 1 Yr. Growth %	0.99	3.98	-29.47	-78.42	-396.49
EBIT, 1 Yr. Growth %	0.99	3.98	-29.47	-78.42	-396.49
Earnings From Cont. Operations, 1 Yr. Growth %	53.27	-21.37	-33.98	-152.49	516.68
Net Income, 1 Yr. Growth %	53.27	-21.37	-33.98	-152.49	516.68
Normalized Net Income, 1 Yr. Growth %	5.19	18.73	-35.31	-135.2	563.2
Diluted EPS Before Extra, 1 Yr. Growth %	32.43	-37.34	-33.98	-152.49	516.68
Accounts Receivable, 1 Yr. Growth %	-3.29	27.41	-1.41	-12.39	12.27
Inventory, 1 Yr. Growth %	-2.51	3.71	-2.13	-4.73	-37.55
Net Property, Plant and Equip., 1 Yr. Growth %	9.24	11.68	35.97	18.14	3.45
Total Assets, 1 Yr. Growth %	25.86	4.69	27.05	9.75	-3.09
Tangible Book Value, 1 Yr. Growth %	53.38	4.11	1.09	-2.44	-12.58
Common Equity, 1 Yr. Growth %	53.38	4.11	1.09	-2.44	-12.58
Cash From Operations, 1 Yr. Growth %	12.47	-22.71	13.14	53.06	-35.27
Capital Expenditures, 1 Yr. Growth %	30.24	8.19	222.54	-28.78	-73.52
Levered Free Cash Flow, 1 Yr. Growth %	404.79	22.35	643.92	-34.96	-85.18
Unlevered Free Cash Flow, 1 Yr. Growth %	-537.65	60.13	772.87	-40.25	-112.01
Dividend Per Share, 1 Yr. Growth %	-	0	-80	-50	-
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	6.01	3.15	-8.34	-41.12	-33.21
Gross Profit, 2 Yr. CAGR %	6.31	3.55	-12.6	-54.05	-75.36
EBITDA, 2 Yr. CAGR %	9.4	4.65	-9.3	-37.35	-80.87
EBITA, 2 Yr. CAGR %	5.46	2.47	-14.37	-60.99	-20.01
EBIT, 2 Yr. CAGR %	5.46	2.47	-14.37	-60.99	-20.01
Earnings From Cont. Operations, 2 Yr. CAGR %	37.82	9.78	-27.95	-41.13	79.92
Net Income, 2 Yr. CAGR %	37.82	9.78	-27.95	-41.13	79.92
Normalized Net Income, 2 Yr. CAGR %	10.09	11.75	-12.36	-52.28	52.79
Diluted EPS Before Extra, 2 Yr. CAGR %	28.1	-8.91	-35.69	-41.13	79.92
Accounts Receivable, 2 Yr. CAGR %	1.18	11	12.08	-7.07	-0.83
Inventory, 2 Yr. CAGR %	-0.05	0.55	0.75	-3.44	-22.87
Net Property, Plant and Equip., 2 Yr. CAGR %	8.79	10.45	23.23	26.74	10.55
Total Assets, 2 Yr. CAGR %	15.05	14.79	15.33	18.09	3.13
Tangible Book Value, 2 Yr. CAGR %	28.76	26.37	2.59	-0.69	-7.65
Common Equity, 2 Yr. CAGR %	28.76	26.37	2.59	-0.69	-7.65
Cash From Operations, 2 Yr. CAGR %	31.94	-6.76	-6.49	-9.35	-0.46
Capital Expenditures, 2 Yr. CAGR %	28.47	18.7	86.8	40.54	-56.58
Levered Free Cash Flow, 2 Yr. CAGR %	11.2	148.54	201.69	101.58	-68.95
Unlevered Free Cash Flow, 2 Yr. CAGR %	19.87	164.73	273.87	108.78	-73.21
Dividend Per Share, 2 Yr. CAGR %	-	-	-55.28	-68.38	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	7.8	5.45	-5.02	-28.75	-28.91
Gross Profit, 3 Yr. CAGR %	8.03	5.85	-7.93	-39.49	-64.64
EBITDA, 3 Yr. CAGR %	12.13	7.45	-4.56	-25.9	-69.27
EBITA, 3 Yr. CAGR %	8.06	4.96	-9.53	-45.91	-23.3
EBIT, 3 Yr. CAGR %	8.06	4.96	-9.53	-45.91	-23.3
Earnings From Cont. Operations, 3 Yr. CAGR %	24.47	14.31	-7.34	-35.17	28.81
Net Income, 3 Yr. CAGR %	24.47	14.31	-7.34	-35.17	28.81
Normalized Net Income, 3 Yr. CAGR %	10.27	12.9	-6.86	-35.34	14.73
Diluted EPS Before Extra, 3 Yr. CAGR %	18.46	0.93	-18.18	-39.9	28.81
Accounts Receivable, 3 Yr. CAGR %	6.31	9.27	6.7	3.24	-1.02
Inventory, 3 Yr. CAGR %	1.59	1.19	-0.35	-1.11	-16.5
Net Property, Plant and Equip., 3 Yr. CAGR %	8.55	9.74	18.37	21.51	18.45
Total Assets, 3 Yr. CAGR %	12.83	11.49	18.74	13.44	10.56
Tangible Book Value, 3 Yr. CAGR %	21.05	19.95	17.31	0.89	-4.82
Common Equity, 3 Yr. CAGR %	21.05	19.95	17.31	0.89	-4.82
Cash From Operations, 3 Yr. CAGR %	18.51	10.4	-0.55	-14.04	-18.98
Capital Expenditures, 3 Yr. CAGR %	4.45	21.32	65.64	28.8	-19.43
Levered Free Cash Flow, 3 Yr. CAGR %	0.81	14.81	258.18	70.68	-15.55
Unlevered Free Cash Flow, 3 Yr. CAGR %	-1.31	32.02	294.02	91.11	-19.4
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-53.58	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	13.84	8.67	1.03	-16.48	-17.5
Gross Profit, 5 Yr. CAGR %	16.54	8.76	-0.75	-24.19	-45.66
EBITDA, 5 Yr. CAGR %	19.74	12.08	3.01	-13.4	-49.83
EBITA, 5 Yr. CAGR %	15.57	7.67	-1.54	-29.35	-13.88
EBIT, 5 Yr. CAGR %	15.57	7.67	-1.54	-29.35	-13.88
Earnings From Cont. Operations, 5 Yr. CAGR %	33.4	15.54	0.02	-12.34	20.83
Net Income, 5 Yr. CAGR %	33.4	15.54	0.02	-12.34	20.83
Normalized Net Income, 5 Yr. CAGR %	25.19	15.71	0.59	-20	13.53
Diluted EPS Before Extra, 5 Yr. CAGR %	0.81	-2.07	-7.22	-18.65	12.14
Accounts Receivable, 5 Yr. CAGR %	6.27	8.29	8.58	2.41	3.62
Inventory, 5 Yr. CAGR %	21.22	6.25	1.25	-0.69	-10.06
Net Property, Plant and Equip., 5 Yr. CAGR %	13.23	10.7	14.2	16.25	15.18
Total Assets, 5 Yr. CAGR %	16.63	10.95	13.82	14.08	12.23
Tangible Book Value, 5 Yr. CAGR %	35.87	21.98	13.3	11.23	6.6
Common Equity, 5 Yr. CAGR %	35.87	21.98	13.3	11.23	6.6
Cash From Operations, 5 Yr. CAGR %	18.76	86.12	7.8	2.03	-14.3
Capital Expenditures, 5 Yr. CAGR %	14.36	17.24	31.8	28.67	-5.92
Levered Free Cash Flow, 5 Yr. CAGR %	-	-12.71	56.3	43.8	30.05
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-13.07	68.13	58.58	29.7