Income Statement Lub-rref (Bangladesh) PLC.

Stocks

LRBDL

BD0323LUBRF7

Oil & Gas Refining and Marketing

End-of-day quote Dhaka S.E. 16/08/2026			5-day change	1st Jan Change
15.60 ^BDT	-0.64%		0.00%	+57.58%

29/04	Lub-rref PLC. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2026	CI
29/01	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	2022	2023	2024	2025
Revenues	172.39Cr	179.85Cr	144.83Cr	62Cr	65Cr
Total Revenues	172.39Cr	179.85Cr	144.83Cr	62Cr	65Cr
Cost of Goods Sold, Total	116.97Cr	121.7Cr	102.5Cr	50Cr	62Cr
Gross Profit	55Cr	58Cr	42Cr	12Cr	2.57Cr
Selling General & Admin Expenses, Total	13Cr	16Cr	15Cr	18Cr	26Cr
Other Operating Expenses	-4.45Cr	-6.03Cr	-7.03Cr	-14Cr	-1.43Cr
Other Operating Expenses, Total	8.62Cr	9.49Cr	8.01Cr	4.87Cr	25Cr
Operating Income	47Cr	49Cr	34Cr	7.41Cr	-22Cr
Interest Expense, Total	-13Cr	-7.25Cr	-7.99Cr	-19Cr	-45Cr
Interest And Investment Income	2.32Cr	1.53Cr	1.55Cr	1.64Cr	1.04Cr
Net Interest Expenses	-10Cr	-5.72Cr	-6.43Cr	-17Cr	-43Cr
Other Non Operating Income (Expenses)	11.97L	34.01L	11.1L	5L	7L
EBT, Excl. Unusual Items	36Cr	43Cr	28Cr	-9.85Cr	-65Cr
EBT, Incl. Unusual Items	36Cr	43Cr	28Cr	-9.85Cr	-65Cr
Income Tax Expense	-2.99Cr	12Cr	7.52Cr	89.11L	91.11L
Earnings From Continuing Operations	39Cr	31Cr	20Cr	-11Cr	-66Cr
Net Income to Company	39Cr	31Cr	20Cr	-11Cr	-66Cr
Net Income - (IS)	39Cr	31Cr	20Cr	-11Cr	-66Cr
Net Income to Common Incl Extra Items	39Cr	31Cr	20Cr	-11Cr	-66Cr
Net Income to Common Excl. Extra Items	39Cr	31Cr	20Cr	-11Cr	-66Cr
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	12Cr	15Cr	15Cr	15Cr	15Cr
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	12Cr	15Cr	15Cr	15Cr	15Cr
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	70Cr	73Cr	58Cr	28Cr	-2.11Cr
EBITA	47Cr	49Cr	34Cr	7.41Cr	-22Cr
EBIT	47Cr	49Cr	34Cr	7.41Cr	-22Cr
EBITDAR	-	-	-	-	-
Effective Tax Rate - (Ratio)	-8.21	28.34	26.88	-9.04	-1.39
Total Current Taxes	5.84Cr	8.94Cr	6.11Cr	1.17Cr	1.44Cr
Total Deferred Taxes	-8.83Cr	3.33Cr	1.41Cr	-27.54L	-52.68L
Normalized Net Income	23Cr	27Cr	17Cr	-6.16Cr	-41Cr
Interest Capitalized	1.13Cr	1.03Cr	-	-	5Cr
Interest on Long-Term Debt	8.69Cr	4.66Cr	4.28Cr	13Cr	38Cr
Supplemental Operating Expense Items
Advertising Expense	3L	10.34L	6L	10.19L	16.31L
Marketing Expenses	6L	3L	46.04L	9L	38.52L
Selling and Marketing Expenses	5.32Cr	5.57Cr	5.76Cr	7.55Cr	8.79Cr
General and Administrative Expenses	5.92Cr	7.79Cr	7.88Cr	11Cr	17Cr
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Maintenance & Repair Expenses, Total	35.92L	39.87L	51.7L	55.27L	57.85L

Fiscal Period: June	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	98Cr	64Cr	62Cr	41Cr	22Cr
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	98Cr	64Cr	62Cr	41Cr	22Cr
Accounts Receivable, Total	41Cr	52Cr	51Cr	45Cr	50Cr
Other Receivables	3.36Cr	1.39Cr	1.17Cr	2.14Cr	1.1Cr
Total Receivables	44Cr	53Cr	52Cr	47Cr	51Cr
Inventory	51Cr	53Cr	52Cr	50Cr	31Cr
Other Current Assets, Total	45Cr	50Cr	71Cr	68Cr	44Cr
Total Current Assets	238.82Cr	220.03Cr	236.8Cr	205.2Cr	148.49Cr
Gross Property Plant And Equipment	541.31Cr	615.64Cr	811.58Cr	951.13Cr	997.15Cr
Accumulated Depreciation	-112.02Cr	-136.22Cr	-159.72Cr	-180.99Cr	-200.42Cr
Net Property Plant And Equipment	429.29Cr	479.42Cr	651.86Cr	770.14Cr	796.72Cr
Other Long-Term Assets, Total	-	-	-	1	-1
Total Assets	668.11Cr	699.45Cr	888.66Cr	975.34Cr	945.22Cr
Liabilities
Accounts Payable, Total	92.65L	1.26Cr	10Cr	15Cr	15Cr
Accrued Expenses, Total	2.49Cr	2.99Cr	2.17Cr	68.1L	1.88Cr
Short-term Borrowings	41Cr	34Cr	70Cr	97Cr	58Cr
Current Portion of Long-Term Debt	5.11Cr	5.34Cr	25Cr	53Cr	62Cr
Current Portion of Leases	53.98L	59.71L	14.93L	13.1L	9L
Current Income Taxes Payable	18Cr	27Cr	13Cr	14Cr	16Cr
Other Current Liabilities	5L	6L	13Cr	15Cr	16Cr
Total Current Liabilities	69Cr	72Cr	133.65Cr	195.63Cr	170.33Cr
Long-Term Debt	44Cr	49Cr	168.39Cr	207.41Cr	271.9Cr
Long-Term Leases	1.14Cr	68.22L	71.07L	31.38L	-
Deferred Tax Liability Non Current	24Cr	27Cr	29Cr	28Cr	28Cr
Other Non Current Liabilities	-	1	-1	-1	1
Total Liabilities	138.73Cr	148.31Cr	331.5Cr	431.77Cr	470.05Cr
Common Stock, Total	145.24Cr	145.24Cr	145.24Cr	145.24Cr	145.24Cr
Additional Paid In Capital	144.76Cr	144.76Cr	144.76Cr	144.76Cr	144.76Cr
Retained Earnings	180.18Cr	202.43Cr	208.85Cr	195.62Cr	127.56Cr
Comprehensive Income and Other	59Cr	59Cr	58Cr	58Cr	58Cr
Total Common Equity	529.38Cr	551.14Cr	557.16Cr	543.57Cr	475.16Cr
Total Equity	529.38Cr	551.14Cr	557.16Cr	543.57Cr	475.16Cr
Total Liabilities And Equity	668.11Cr	699.45Cr	888.66Cr	975.34Cr	945.22Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	15Cr	15Cr	15Cr	15Cr	15Cr
ECS Total Common Shares Outstanding	15Cr	15Cr	15Cr	15Cr	15Cr
Book Value / Share	36.45	37.95	38.36	37.42	32.72
Tangible Book Value	529.38Cr	551.14Cr	557.16Cr	543.57Cr	475.16Cr
Tangible Book Value Per Share	36.45	37.95	38.36	37.42	32.72
Total Debt	93Cr	89Cr	263.81Cr	358.57Cr	392.9Cr
Net Debt	-5.71Cr	26Cr	202.26Cr	317.92Cr	371.18Cr
Debt Equivalent Oper. Leases	-	-	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	37Cr	42Cr	39Cr	38Cr	25Cr
Inventories - Finished Goods, Total	15Cr	11Cr	13Cr	12Cr	6.41Cr
Land - (BS)	119.46Cr	122.13Cr	217.14Cr	382.25Cr	382.29Cr
Buildings, Total	43Cr	43Cr	43Cr	43Cr	43Cr
Machinery, Total	335.69Cr	356.01Cr	356.2Cr	356.56Cr	357.22Cr
Full Time Employees	231	-	-	235	-

Fiscal Period: June	2021	2022	2023	2024	2025
Net Income	39Cr	31Cr	20Cr	-11Cr	-66Cr
Depreciation & Amortization - CF	23Cr	24Cr	23Cr	21Cr	20Cr
Depreciation & Amortization, Total	23Cr	24Cr	23Cr	21Cr	20Cr
Other Operating Activities, Total	3.95Cr	14Cr	42Cr	17Cr	44Cr
Change In Accounts Receivable	1.22Cr	-11Cr	96.97L	5.35Cr	-4.44Cr
Change In Inventories	1.33Cr	-1.91Cr	1.14Cr	2.47Cr	19Cr
Change In Accounts Payable	-13.42L	44.97L	9.16Cr	4.62Cr	15.52L
Change in Other Net Operating Assets	28.24L	-2.84Cr	-36Cr	3.97Cr	17Cr
Cash from Operations	70Cr	54Cr	61Cr	44Cr	29Cr
Capital Expenditure	-65Cr	-71Cr	-227.88Cr	-139.55Cr	-37Cr
Other Investing Activities, Total	1.55Cr	2.28Cr	3L	7L	11.85L
Cash from Investing	-64Cr	-68Cr	-227.85Cr	-139.48Cr	-37Cr
Short Term Debt Issued, Total	-	-	36Cr	28Cr	-
Long-Term Debt Issued, Total	1.59Cr	4.4Cr	139.4Cr	67Cr	73Cr
Total Debt Issued	1.59Cr	4.4Cr	175Cr	95Cr	73Cr
Short Term Debt Repaid, Total	-5.06Cr	-7.45Cr	-	-	-39Cr
Long-Term Debt Repaid, Total	-38Cr	-39.66L	-41.94L	-41.51L	-35.76L
Total Debt Repaid	-43Cr	-7.85Cr	-41.94L	-41.51L	-39Cr
Issuance of Common Stock	150Cr	-	-	-	-
Common Dividends Paid	-	-9.32Cr	-1.53Cr	-1.37Cr	-6L
Common & Preferred Stock Dividends Paid	-	-9.32Cr	-1.53Cr	-1.37Cr	-6L
Other Financing Activities, Total	-19Cr	-7.4Cr	-8.02Cr	-19Cr	-45Cr
Cash from Financing	90Cr	-20Cr	165.04Cr	74Cr	-11Cr
Miscellaneous Cash Flow Adjustments	-1	-	1	1	-
Net Change in Cash	96Cr	-35Cr	-2.02Cr	-21Cr	-19Cr
Supplemental Items
Cash Interest Paid	13Cr	7.25Cr	7.99Cr	19Cr	45Cr
Cash Income Tax Paid (Refund)	5.51Cr	5.63Cr	4.99Cr	1.17Cr	1.44Cr
Levered Free Cash Flow	-22Cr	-27Cr	-199.45Cr	-108.95Cr	-16Cr
Unlevered Free Cash Flow	-14Cr	-22Cr	-194.46Cr	-97Cr	12Cr
Change In Net Working Capital	1.28Cr	6.24Cr	12Cr	-17Cr	-42Cr
Net Debt Issued / Repaid	-41Cr	-3.45Cr	174.58Cr	95Cr	34Cr

Fiscal Period: June	2021	2022	2023	2024	2025
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