The Dhaka Electric Supply Company (DESCO), a state-owned power distribution entity, has reported losses for three consecutive years despite multiple electricity price hikes.
According to its latest audit report, the company incurred a cumulative net loss of around Tk630 crore over the past two fiscal years.
The audited financial summary for the 2024–25 fiscal year, published recently through the Dhaka Stock Exchange (DSE), highlights the extent of DESCO’s financial struggles.
For FY2024–25, the publicly listed company recorded a post-tax net loss of Tk125.23 crore, translating to a loss per share of Tk 3.15. Due to this continued loss, the company has again decided not to issue any dividends to investors, marking the second consecutive year without shareholder returns.
In the previous fiscal year (2023–24), DESCO’s net loss was significantly higher at Tk505.56 crore, or Tk12.72 per share.
