• Full year net sales dropped slightly amid the recent political changeover and challenging macroeconomic environment.
• Yet, the company performed well due to its new business including Aggregates and Special products. 
• The company declared 38% cash Dividend for the year 2024 (including 19% interim cash dividend).

Mr. Iqbal Chowdhury, CEO of the Company said:
“Bangladesh experienced an eventful year in 2024, yet the company successfully navigated the challenges. It has progressed in its innovative and unique channel expansion through Direct-to-Retail and net retail outlets. The contribution of special products also increased to 8% of the total revenue. Operating profit from new business in Aggregates grew by 25%. Through its global platform Geocyle, the Company co-processed more than 45,000 tons of diverse waste streams, which substituted more than 10% fossil fuels to accelerate the green growth agenda of the Company. 

Looking ahead, we are prioritizing the expansion of sales channels, further advancing digitization throughout our operations, more focus on Aggregates business and expansion of sustainable waste co-processing through our Geocyle division. With a steadfast commitment to operational excellence, cost optimization, and innovation, LafargeHolcim Bangladesh PLC remains confident in delivering strong results in the future.”

Financial Performance:

In 2024, Net sales was BDT 27,543 million, a 3% decrease from the previous year. Operating Profit was BDT 5,877 million, a 24% decrease from the previous year. Earnings per Share (EPS) was BDT 3.29, a 36% decrease from BDT 5.12 achieved in 2023.

Dividend:
On October 2024, the Board of Directors of the Company recommended an interim dividend of nineteen percent (19%) in cash, on the paid-up capital of the Company, out of the first nine (9) months’ profit of 2024 (from January 1, 2024 to September 30, 2024). At BDT 1.90 per share of BDT 10.00 each, the interim dividend amounted to BDT 2,207 million.

On March 12, 2025, the Board of Directors of the Company recommended a final dividend of nineteen percent (19%) in cash. The total dividend is 38% of the paid-up capital amounting to BDT 4,413 million which is BDT 3.80 per share of BDT 10 each for the year ended on December 31, 2024.

Outlook:
Looking ahead to 2025 and beyond, the Company is actively seeking to broaden its reach and access to the new markets. Furthermore, increasing interest for Special and innovative new products from the customers is leading us to focus on these two areas sharply. LafargeHolcim Bangladesh PLC remains well poised to continue delivering strong financial results with industry-leading margins in 2025 and beyond.