Company filings and market news from across Sri Lanka's stock market.
The Sri Lanka–Greater Mekong Business Council held its 14th AGM and elected Nimal Ratnayake (Lanka Hospitals) as President for 2025–2026; committee seats went to firms including Aitken Spence Travels and Hayleys Advantis as the council promotes trade, tourism and sectoral collaboration (textiles, tea, IT, healthcare).
Hayleys Fentons, the projects and engineering arm of Hayleys PLC, was assigned an 'A+(lka)' national rating with a Stable Outlook by Fitch — the first and only EPC company in Sri Lanka to receive an A+ rating.
Dipped Products PLC (DIPD.N0000) marked its 50th anniversary by presenting 66 Entrepreneurial Excellence Awards to rubber latex smallholders, associations and transport partners in Monaragala. The awards (50 individuals, 12 associations, 4 transport partners) highlight DPL's longstanding engagement with rubber communities that supply latex for its hand-protection exports to over 70 countries.
Thailand's counselor highlighted the Sri Lanka–Thailand FTA as a milestone, citing opportunities in food, agriculture, tourism, healthcare and IT. The Sri Lanka–Greater Mekong Business Council held its 14th AGM and elected Nimal Ratnayake as President for 2025–2026.
Dialog Axiata (DIAL.N0000) is the Title Sponsor of the 10th Annual Dialog Club Vision Rotary Par 3 Golf Classic on 25 Oct 2025 to raise funds for the 'Rotary for Little Hearts' project, which has raised over US$600,000 toward a US$1m target for paediatric cardiac care. Hayleys (HAYL.N0000) is listed among other partners.
SLEIS 2025 will feature a 'Capital Markets: Catalyst for Growth' session on Dec 2-3 to explore how equity and debt markets can finance Sri Lanka's growth; keynote by Ruchir Desai and a panel including NDB Capital, Commercial Bank, Colombo Stock Exchange and First Capital, with sponsors such as Dialog, Hayleys and Sunshine.
Colombo market closed higher as ASPI rose 0.97% (217.65 pts) to 22,633.80 with turnover above Rs.11.2 billion and foreigners net sold Rs.1.4 billion. Banking led activity (29% of turnover); CTHR, HARI, CARG, JKH and DFCC were key positive contributors and HAYL bought 779,123 HARI shares.
Hayleys PLC bought a 40.58% stake in Harischandra Mills PLC, acquiring 778,946 shares at Rs.3,300 each for Rs.2.57 billion. Harischandra shares closed at Rs.7,424.50 (up ~Rs.2,500) and reported a group NAV per share of Rs.931.40 as of end-June 2025.
Hayleys bought a 40% stake in Harischandra Mills, a deal that added Rs2.58bn to turnover and sent Harischandra shares up 50% to Rs7,424.50. Maharaja Foods declared a 10 cent dividend and plans a rights issue to raise Rs112.5mn, while Kotagala Plantations said its rights issue was oversubscribed (Rs76.42mn).
Hayleys PLC bought into Harischandra Mills PLC, acquiring a 40% (779,123-share) stake from Senthilverl Holdings and HARI shares spiked to 5,250 on heavy volume. Report notes lower interest rates after the central bank missed its inflation target have supported M&A activity.
VOYAGE SRI LANKA 2025 was held on Oct 16 in Colombo to promote Sri Lanka's Blue Economy and attract international investment for maritime infrastructure and services. Sponsors and participants included Seylan Bank, Lanka IOC, Hayleys (Advantis), Colombo Dockyard and stakeholders from government and development partners.
Hayleys PLC’s Hayleys Solar was named among Brand Finance’s 100 Most Valuable Brands in Sri Lanka as the only renewable-energy brand on the list. The unit says it is on track to exceed 500 MW of solar installations nationwide by end-2025.
Hayleys Fentons (Hayleys Group) launched Hayleys Mobility to distribute OMODA, JAECOO and SRM new-energy vehicles in Sri Lanka and expand EV charging infrastructure via a partnership with StarCharge.
Hayleys PLC reported record FY2024/25 consolidated revenue of Rs.492.2 billion (up 13%) and profit after tax of Rs.22.5 billion (up 52%). The group was named No.1 in the LMD 100 for the 10th time, retained Fitch 'AAA (lka)', earned USD 685m in exports and sources 74% of energy from renewables.
Hayleys PLC ranked No.1 in the LMD 100 and reported record FY2024/25 consolidated revenue of Rs.492.2 billion (13% YoY), PBT Rs.35.4 billion (+40%) and PAT Rs.22.5 billion (+52%). Exports were $685m (53% of revenue), 74% of energy from renewables and Fitch retained a 'AAA (lka)' rating.
Telbedde Estate of Balangoda Plantations (BALA.N0000) and Pedro Estate of Kelani Valley Plantations (KVAL.N0000) secured the second- and third-highest prices at the Ceylon Specialty Estate Tea charity auction in Osaka, fetching JPY 65,000/kg and JPY 55,000/kg respectively.
Colombo market rally extended to a 14th session as the ASPI closed at 22,094.89, topping 22,000 for the first time with turnover around Rs.9.7–9.8 billion. Banking and diversified financials led turnover (Commercial Bank, Pan Asia, Lanka Credit & Business Finance among top contributors) while foreigners were net sellers.
Hayleys Travels, a fully owned subsidiary of the Advantis Group (Hayleys PLC), won the Gold Award for 'Leading Travel Agency - Outbound' at the 9th South Asian Travel Awards 2025. The award recognises the agency's service quality, innovation and contribution to outbound tourism.
Sri Lanka's stock market closed higher with the ASPI at 22,094.89 (up 0.65%) and S&P SL20 at 6,187.51 (up 0.64%), led by Melstacorp, Sampath Bank, Dipped Products, Hayleys and Commercial Bank; market turnover was LKR 9.7bn. Nations Trust Bank announced conversion of non-voting to voting shares for Q4 2025.
Hayleys tops the LMD 100 rankings for FY2024/25 with consolidated revenue exceeding Rs. 492 billion. LOLC Holdings and Carson Cumberbatch are second and third (nearly Rs. 340bn and over Rs. 323bn), while Commercial Bank leads profitability with PAT over Rs. 55bn; Browns and HNB follow.
Haycarb PLC merged its fully-owned subsidiary Ultracarb (Private) Limited into Haycarb effective Oct 1. The company said the amalgamation aims to boost its finances and operations; Haycarb, a unit of Hayleys, noted coconut shell charcoal price spikes amid a crop shortfall.
FentonsIT, the information-technology arm of Hayleys Fentons, received the 'Most Popular Technology Website' Special Recognition at the BestWeb.LK 2025 awards. The award highlights its digital strategy and says the site has boosted customer interaction, inquiry volumes and sustained growth in user traffic.
AmCham Sri Lanka elected Mastercard Sri Lanka Country Manager Sandun Hapugoda as President at its 33rd AGM; Chevron Lubricants Lanka MD/CEO Bertram Paul was elected Vice President. JAT Holdings director Anika Williamson and Hayleys Advantis's Chamila Bandara were named to the board.
Hayleys PLC's Hayleys Fentons and Hayleys Solar won three awards at the Sri Lankan Sustainability Awards 2025; Hayleys Solar reached a 250 MW milestone in 2024 and aims to surpass 500 MW by end-2025.
SLEIS 2025 will be held 2–3 December at the Shangri-La Colombo and includes a Day One session, 'The New Age of Diversified Exports', focused on broadening Sri Lanka's export base into cinnamon, seafood, electronics, minerals and advanced manufacturing. Sponsors and partners include Hayleys (logistics), Sunshine Holdings and Dialog.
Hayleys Fibre commissioned a Rs. 600 million, 48-acre integrated coir processing facility in Nikaweratiya that will meet about one-third of its raw material needs and boost export-oriented coir production and rural employment.
Deputy Minister Chathuranga Abeysinghe told an Osaka business forum that Sri Lanka is officially out of bankruptcy and is seeking Japanese investment across apparel, agriculture, ICT, renewables and tourism to support an export-driven recovery.
Fitch assigned Hayleys Fentons Limited a National Long-Term Rating of A+(lka) with a Stable Outlook, citing its leading domestic rooftop solar market share that drove FY25 cash flow. Fitch noted a one‑notch uplift from parent Hayleys PLC and flagged execution and CEB offtaker risks for planned power projects.
Hayleys Fibre commissioned a Rs. 600 million, 48-acre integrated coir processing facility in Kadigawa to supply nearly one-third of its raw material needs and boost exports and rural employment; the site integrates husk processing, fibre extraction, coco peat milling, drying and storage.