JAT Holdings PLC said its Bangladesh subsidiary Asia Coatings (ACL) has acquired a strategic site in Singair to support future warehousing and manufacturing expansion. Bangladesh accounts for about 30% of group revenue and construction is forecast to grow ~6.3% p.a. (2026-29).
Colombo bourse traded mixed midday with the ASPI down 0.12% to 21,203.70 and market turnover at Rs200.5mn, led by capital goods (Rs58.5mn). Commercial Bank said its Basel III subordinated debentures will be listed on July 30, 2026; JAT Holdings declared a final dividend of Rs0.72 (ex-div Aug 7, 2026).
JAT Holdings PLC has signed an exclusive nationwide partnership to distribute WASHLEX Japanese smart toilets across Sri Lanka's hospitality, residential and commercial sectors. Over 350 units have been installed to date and the brand is already used by several luxury hotels and property developments.
TourismConstruction ActivityExporters
Ada Derana·Jul 24, 2026·Promotional / marketingPositive
JAT Holdings PLC will donate LKR 10,000 to the Indira Cancer Trust for every six hit by the Dambulla Sixers for the remainder of the 2026 Lanka Premier League. The cumulative contribution will be presented after the tournament and updates will be shared on JAT and Dambulla Sixers digital platforms.
The ASPI fell 1.07% (233.18 points) to 21,532.38 as investors sold amid renewed Middle East conflict concerns. Market turnover was over Rs 1bn, foreign investors were net sellers of about Rs 56mn, with banks and food & beverage sectors leading activity.
JAT Holdings (JAT.N0000) has broken ground on the Rs. 4 billion JAT Astera Residencies in Thalawathugoda, a 12-storey project of 104 apartments and six penthouses, with piling work started by Sincon Piling.
Construction Activity
Ada Derana·Jun 25, 2026·Management or board change
The Condominium Developers Association of Sri Lanka re-elected Pinsiri Fernando as chairman at its 12th AGM on 23 June 2026 and appointed an executive committee that includes Roderick David (Overseas Realty), Aelian Gunawardena (JAT Property Group) and Brahmanage Premalal (Prime Lands).
JAT Holdings PLC has begun re-entering Australia with the Mirotone brand, dispatching the first shipment within seven months of completing its October 2025 acquisition of Mirotone NZ Ltd. Initial focus is Queensland with secured returning customers and a phased rollout to other states to boost international revenue.
Exporters
Ada Derana·Jun 23, 2026·M&A / stake changePositive
JAT Holdings PLC has commenced re-entry of the acquired Mirotone brand into Australia via Mirotone Australia Pty Ltd, seven months after completing the Mirotone acquisition in October 2025, securing initial customers in Queensland.
Exporters
Ada Derana·Jun 16, 2026·Promotional / marketingPositive
Volt Charge, part of JAT Holdings PLC, is now Sri Lanka's largest EV charging network with over 80 DC fast chargers and a public network spanning 100+ sites. The network also includes 20 public AC and 3,000+ home chargers, records 18,000+ monthly sessions (~100 MWh/month) and has seen Rs.250 million invested to date.
JAT Holdings (JAT.N0000) recorded highest-ever annual revenue of Rs. 12.6 billion in FY25/26 and profit before tax rose 5% to Rs. 1.68 billion, with gross profit up 21% to Rs. 4.8 billion. Performance was supported by the acquisition of Mirotone, a 76% increase in binder plant capacity, improved margins, and growth in its EV charging and decorative paints businesses.
JAT Holdings posted record group revenue of Rs. 12.6 billion in FY25/26 (up 9% YoY) with gross profit rising 21% to Rs. 4.8 billion and PBT up 5% to Rs. 1.68 billion, driven by stronger margins, local sales growth and expansion into EV charging and international markets.
JAT Holdings Plc has entered Australian cabinetry manufacturing by securing a fully operational Perth facility and has generated over Rs. 100 million (AUD 503,000) in revenue since commencing. The Form Cabinetry operation complements its SEAFORM premium offering and targets residential cabinetry across multiple price points.
JAT Holdings PLC has established a local cabinetry manufacturing facility in Perth (operations commenced July 2025) and has generated over LKR 100 million in revenue since inception; this complements its SEAFORM premium offering, which has produced over LKR 350 million to date.
JAT Holdings PLC completed the second-phase expansion of its binder plant, increasing production capacity by 76% and bringing the facility into full operation. The upgrade is intended to support growth in emulsions and coatings, reduce import reliance, and improve cost predictability and FX exposure.
Rupee & ForexFuel & Energy PricesExportersConstruction Activity
JAT Holdings posted 7% YoY revenue growth in Q3 to Rs. 8.1bn, with gross profit up 14% and GP margin rising to 36%. PAT fell 23% to Rs. 774m due to Ditwah-related sales losses and higher taxation, while the company completed the acquisition of Mirotone (NZ) to expand its international footprint.
JAT Holdings reported Q3 FY 2025/26 revenue up 7% YoY to Rs. 8.1 billion and gross profit up 14%, while PAT fell 23% to Rs. 774 million. The quarter included the acquisition of New Zealand-based Mirotone, expanding JAT's international footprint and R&D/manufacturing capacity.
John Keells Holdings, Hemas Holdings and JAT Holdings outlined growth strategies at First Capital's investor symposium; JKH highlighted City of Dreams and West Container Terminal Phase One at ~90% utilisation. Hemas sees consumers shifting back to branded quality and demographic-led convenience growth, while JAT targets post-cyclone reconstruction and manufacturing expansion.
First Capital Holdings (CFVF.N0000) hosted its 12th Investor Symposium and presented a 2026 outlook forecasting Sri Lanka GDP to soften to 3.0–4.0% (from 5.0% in 2025). The presentation flagged Cyclone Ditwah-driven spending weakness, higher post-storm capital expenditure needs and renewed debt-management risks, alongside discussion on rates, FX and bond markets.
First Capital Holdings (CFVF.N0000) will host its 12th Investor Symposium on 22 January 2026 at Cinnamon Life Colombo, presenting the Economic and Investment Outlook for 2026. The event, which will be live-streamed, features a panel of industry leaders including JAT.N0000.
Construction ActivityTourismConsumer Staples (FMCG)
Ada Derana·Jan 16, 2026·Award or certificationPositive
JAT Holdings PLC certified more than 800 painters with NVQ Level 3 at its 6th Pintharu Abhiman Convocation, funding assessments and compressing testing into a three-day model. Surveys show 90% report increased confidence, 76% improved living standards and one in five have started businesses.
Merchant Bank of Sri Lanka & Finance PLC (MBSL) recalibrated the MBSL Midcap Index effective 1 January 2026, setting the midcap market-cap range at Rs. 8.45 billion–Rs. 84.5 billion and selecting 25 constituents. New inclusions include Sierra Cables, Aitken Spence, Vallibel Finance, Lanka IOC, JAT Holdings and Prime Lands; Citizens Development, CIC, Ceylon Grain Elevators, John Keells, Hayleys Fabric, Teejay Lanka and Watawala Plantations were excluded.
Ada Derana·Dec 15, 2025·Promotional / marketingPositive
JAT Holdings PLC completed the 3rd edition of its JAT Pintharu Abhiman painter development programme, registering over 3,400 painters across eight regions. The initiative featured technical training, product demonstrations and a Professional Painter Development session to upskill the painter community.
JAT Holdings PLC reported Q2 FY2025/26 revenue up 14% YoY to Rs.5.15bn and PBT up 16% to Rs.474m. Gross profit rose 29% (GP margin 35%), EV charger revenue increased to Rs.378m, while PAT fell 22% due to a change in deferred tax recognition.
ExportersRenewable EnergyConstruction Activity
Ada Derana·Nov 17, 2025·Earnings & resultsPositive
JAT Holdings PLC posted Q2 FY2025/26 revenue up 14% YoY to Rs. 5.15bn and PBT up 16% YoY to Rs. 474mn. Gross margin rose to 35% and EV charger revenue climbed to Rs. 378mn, while PAT fell 22% due to a change in deferred tax recognition.
JAT Holdings (JAT.N0000) has acquired New Zealand coatings brand Mirotone for about Rs. 800.7 million (approximately AUD 4m) to expand into Australia and other markets, and management projects consolidated revenue could rise 106% and group profit 71% by FY2027/28.
JAT Holdings PLC has acquired New Zealand industrial wood coatings leader Mirotone (NZ) Ltd. for over AUD 4.0m (about Rs. 800.7m), comprising AUD 2.5m for 100% ownership and AUD 1.5m for working capital and reinvestment. The deal gives JAT immediate entry into Australia and expanded global R&D and distribution reach.