Singer Bangladesh Limited, a subsidiary of Türkiye’s Koç Holding flagship brand Beko, announced plans to raise up to Tk 250 crore through the issuance of preference shares. The funds are intended to refinance existing debt, reduce the company’s overall debt burden, and support working capital needs.
According to the company’s statement issued on Tuesday, Singer Bangladesh will issue up to 25 crore preference shares at Tk 10 each. The shares will be allocated through private placement to the sponsor shareholder, subject to approval by the Bangladesh Securities and Exchange Commission.
The announcement follows the release of the company’s third-quarter financial results for 2026, which showed a widening loss. Singer Bangladesh reported a loss of Tk 77 crore for the July-September period, an increase from nearly Tk 48 crore during the same quarter in the previous year. This brought the firm’s total loss for the first nine months of 2026 to over Tk 119 crore, a year-on-year rise of 5 percent.
Despite the growing losses, the company’s revenue demonstrated moderate growth. Third-quarter sales reached Tk 440 crore, marking a 6.5 percent increase compared to the corresponding quarter in 2025. For the first nine months of the year, Singer recorded total sales of Tk 1,854 crore, up from Tk 1,780 crore in the prior year.
Singer attributed the mixed financial performance to a stagnant consumer electronics market and strong price sensitivity, which limited its ability to fully transfer rising production costs to customers. “Gross profit margins improved marginally, but increased cost of sales could not be fully passed on to consumers due to intense market price sensitivity,” the company noted.
Since 2022, Singer Bangladesh has been investing in a green manufacturing facility located within the Bangladesh Special Economic Zone. The project covers over 135,000 square meters and aims to boost local manufacturing to more than 90 percent, strengthen domestic supply chains, reduce reliance on imports, and enhance production efficiency. However, project costs have risen during implementation, largely due to significant depreciation of the local currency.
The company also cited broader challenges stemming from ongoing geopolitical tensions in the Middle East and Eastern Europe, alongside domestic political transitions, which have collectively suppressed local economic activity. These external and internal factors, according to Singer, have delayed the expected returns from its investments.
“Though the unforeseen external and domestic factors have temporarily delayed expected returns, management remains committed to navigating these temporary headwinds,” the company stated.