Shwapno's Rapid Expansion Weighed Down by Heavy Debts, But Eyes Path to Profitability

Shwapno has accumulated losses of Tk 1,661 crore over 15 years due to high finance costs from large loans needed for expansion
Net finance cost was Tk 153 crore in 2023, up from Tk 126 crore a year earlier
High debt levels have led to a debt-to-equity ratio of 44, far higher than global retail chains like 7-Eleven and Walmart
Shwapno is operationally profitable but high leverage and interest costs have resulted in net losses
Company aims to open 400 new stores per year to drive growth and reach break-even in 4 years