Announcement • Jul 16
Union Capital Limited to Report Q2, 2026 Results on Jul 21, 2026 Union Capital Limited announced that they will report Q2, 2026 results on Jul 21, 2026 Announcement • Jul 15
Union Capital Limited Auditor Raises 'Going Concern' Doubt Union Capital Limited filed its Annual on Jul 13, 2026 for the period ending Dec 31, 2025. In this report its auditor, Syful Shamsul Alam & Co., gave a qualified opinion expressing doubt that the company can continue as a going concern. Board Change • May 20
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Fakhruddin Ahmed was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 27
Union Capital Limited to Report Q3, 2025 Results on Oct 30, 2025 Union Capital Limited announced that they will report Q3, 2025 results on Oct 30, 2025 Announcement • Jul 24
Union Capital Limited to Report Q2, 2025 Results on Jul 29, 2025 Union Capital Limited announced that they will report Q2, 2025 results on Jul 29, 2025 Announcement • Jul 02
Union Capital Limited, Annual General Meeting, Sep 23, 2025 Union Capital Limited, Annual General Meeting, Sep 23, 2025. Reported Earnings • Oct 26
Third quarter 2024 earnings released: ৳2.56 loss per share (vs ৳1.42 loss in 3Q 2023) Third quarter 2024 results: ৳2.56 loss per share (further deteriorated from ৳1.42 loss in 3Q 2023). Net loss: ৳441.8m (loss widened 80% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Announcement • Oct 21
Union Capital Limited to Report Q3, 2024 Results on Oct 24, 2024 Union Capital Limited announced that they will report Q3, 2024 results on Oct 24, 2024 New Risk • Oct 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ৳1.19b (US$9.92m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Negative equity (-৳9.1b). Earnings have declined by 49% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (৳1.19b market cap, or US$9.92m). Buy Or Sell Opportunity • Sep 18
Now 22% undervalued Over the last 90 days, the stock has risen 16% to ৳8.00. The fair value is estimated to be ৳10.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 75% over the last 3 years. Earnings per share has declined by 67%. Announcement • Jul 29
Union Capital Limited to Report Q2, 2024 Results on Jul 30, 2024 Union Capital Limited announced that they will report Q2, 2024 results on Jul 30, 2024 Announcement • Jul 01
Union Capital Limited, Annual General Meeting, Sep 10, 2024 Union Capital Limited, Annual General Meeting, Sep 10, 2024, at 11:30 Central Asia Standard Time. Location: hybrid system, Bangladesh New Risk • May 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Negative equity (-৳4.0b). Earnings have declined by 46% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (৳1.19b market cap, or US$10.1m). New Risk • May 26
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ৳1.17b (US$9.99m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Negative equity (-৳4.0b). Earnings have declined by 46% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (৳1.17b market cap, or US$9.99m). Minor Risk Share price has been volatile over the past 3 months (7.7% average weekly change). Board Change • Oct 29
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Qazi Mahmud was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 20
Third quarter 2022 earnings released: ৳0.82 loss per share (vs ৳1.44 loss in 3Q 2021) Third quarter 2022 results: ৳0.82 loss per share (improved from ৳1.44 loss in 3Q 2021). Net loss: ৳142.0m (loss narrowed 43% from 3Q 2021). Announcement • Oct 13
Union Capital Limited to Report Q3, 2023 Results on Oct 17, 2023 Union Capital Limited announced that they will report Q3, 2023 results on Oct 17, 2023 Announcement • Sep 26
Union Capital Limited, Annual General Meeting, Nov 28, 2023 Union Capital Limited, Annual General Meeting, Nov 28, 2023, at 11:30 Bangladesh Standard Time. Announcement • Sep 02
Union Capital Limited to Report Fiscal Year 2022 Results on Sep 07, 2023 Union Capital Limited announced that they will report fiscal year 2022 results on Sep 07, 2023 Announcement • Aug 11
Union Capital Limited Appoints Qazi Moinuddin Mahmud as Independent Director Union Capital Limited announced that the Board of Directors has appointed Dr. Qazi Moinuddin Mahmud, nominated from Bangladesh Security and Exchange Commission as the Independent Director of the company. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Hasina Sheykh was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
Third quarter 2022 earnings released: ৳0.82 loss per share (vs ৳1.70 loss in 3Q 2021) Third quarter 2022 results: ৳0.82 loss per share (improved from ৳1.70 loss in 3Q 2021). Net loss: ৳142.0m (loss narrowed 52% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Aug 25
Union Capital Limited Elects G.M. Khurshid Alam as Chairman Union Capital Limited announced that its Board of Directors has elected Mr. G.M. Khurshid Alam, Ph.D. as the Chairman of the Company. Reported Earnings • Aug 01
Second quarter 2022 earnings released: ৳3.95 loss per share (vs ৳0 in 2Q 2021) Second quarter 2022 results: ৳3.95 loss per share (down from ৳0 in 2Q 2021). Net loss: ৳682.4m (down ৳682.4m from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Jun 26
Full year 2021 earnings released: ৳8.03 loss per share (vs ৳3.09 loss in FY 2020) Full year 2021 results: ৳8.03 loss per share (down from ৳3.09 loss in FY 2020). Net loss: ৳1.39b (loss widened 160% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Director Hasina Sheykh was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 05
Second quarter 2021 earnings released: ৳0.26 loss per share (vs ৳1.28 loss in 2Q 2020) Second quarter 2021 results: Net loss: ৳44.6m (loss narrowed 80% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Jan 05
New 90-day high: ৳9.60 The company is up 1.0% from its price of ৳9.50 on 07 October 2020. The Bangladeshi market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 4.0% over the same period. Is New 90 Day High Low • Oct 01
New 90-day high: ৳8.90 The company is up 85% from its price of ৳4.80 on 02 July 2020. The Bangladeshi market is up 25% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 7.0% over the same period. 
