Overseas Realty (OSEA.N0000) reported Group PBT of Rs. 4,767 million and Group revenue of Rs. 6,775 million for the six months to 30 June 2026. Fair value gains were Rs. 1,091m (down from Rs. 2,331m), occupancy and rental improvements drove stronger recurring revenue, NAV per share Rs.54.67 and EPS Rs.3.60.
Overseas Realty (Ceylon) PLC signed a lease for the Embassy of France to relocate its Colombo offices to Mireka Tower, the company's Grade A office development in Colombo.
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).
Construction Activity
Ada Derana·Jun 9, 2026·Promotional / marketingPositive
Overseas Realty (Havelock City) has partnered with Green Cabin to launch 'Havelock City Banquets by Green Cabin', appointing Green Cabin as the exclusive manager and caterer for the development's banquet facilities.
Tourism
Ada Derana·May 13, 2026·Promotional / marketingPositive
Overseas Realty (Ceylon) PLC's Havelock City Mall hosted a Mother’s Day Celebration Weekend (9–10 May) featuring retail promotions and a debut Mother & Daughter Fashion Show that attracted strong visitor turnout and boosted premium retail engagement.
Colombo Stock Exchange closed marginally higher, ASPI up 0.02% at 23,015.32 with turnover of Rs.3.66 billion. Real estate and transportation led turnover (Rs.495.2m and Rs.485.2m) and Abans Finance listed Rs.1.34bn five-year debentures; its shares rose 3.47%.
Colombo Stock Exchange closed up 1.13% as the ASPI rose 258.09 points to 22,997 with turnover of Rs 5.28 billion and materials leading turnover (Rs 1.38bn). SMB Finance announced CEO Supul Chamikara Wijesinghe will resign effective June 3.
Overseas Realty (OSEA.N0000) reported group revenue of Rs. 3,292 million and group PBT of Rs. 1,926 million for the quarter ended 31 March 2026. Higher rental rates and occupancy lifted WTC, Mireka Tower and Havelock City Mall revenues; NAV/share was Rs. 54.43 and EPS Rs. 1.47.
Rupee & ForexConstruction Activity
Ada Derana·Mar 10, 2026·Award or certificationPositive
Overseas Realty (Ceylon) PLC hosted a complimentary women-only screening of Gahanu Lamai at Havelock City Mall's Scope Cinemas for International Women’s Day 2026, attended by corporate invitees, celebrities, staff and contest winners.
Daily FT·Mar 9, 2026·Award or certificationPositive
Overseas Realty (Ceylon) PLC's World Trade Center Colombo won the Gold Award for the Most Energy Efficient Building in Sri Lanka at the National Energy Efficiency Awards 2025. The company's Head of Facilities was also named Outstanding Energy Manager, recognising its energy-management measures and reduced consumption.
Overseas Realty (Ceylon) PLC reported Group Profit Before Tax of Rs. 9,266 million for the year ended 31 Dec 2025, with Group revenue of Rs. 11,944 million, a 49% increase year-on-year. Growth was driven by higher apartment sales, increased rental income and a Rs. 3,223 million fair value gain on investment properties, while LKR depreciation caused a Rs. 511 million net exchange loss.
Overseas Realty (Ceylon) PLC's majority shareholder Shing Kwan Group donated $100,000 to the Rebuild Sri Lanka Fund to support recovery and rebuilding after Cyclone Ditwah.
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 18, 2025·Promotional / marketingPositive
Commercial Bank of Ceylon signed an MoU with Overseas Realty to offer tailored home loans covering up to 100% of the purchase price for buyers of Mireka Seascape. Mireka Seascape is a 168-unit beachfront residential development in Dodanduwa.
Construction Activity
Ada Derana·Dec 11, 2025·Promotional / marketingPositive
Overseas Realty (Ceylon) PLC’s Havelock City Mall launched 'Magical Christmas' with a Nov 27 tree-lighting and the HCM CARES outreach, distributing more than 1,000 flood relief packs. The mall will continue December performances and a 'Magical Fortune – Unwrap and Win Big' promotion.
Ada Derana·Nov 27, 2025·Promotional / marketingPositive
Overseas Realty (Ceylon) Plc's Havelock City Mall will host "Magical Christmas at My Happy Place" from 27 Nov–24 Dec, featuring a 5,000 sq. ft. Christmas Village, a 35-foot tree, live performances and a "Magical Fortune" shopper promotion with daily Rs.10,000, weekly Rs.100,000 and a grand iPhone 17 Pro Max prize.
Overseas Realty (Ceylon) PLC (OSEA.N0000) reported group PBT of Rs. 6,809 million and group revenue of Rs. 8,984 million for the nine months ended 30 Sep 2025. A Rs. 313 million net exchange loss was recorded, offset by Rs. 2,331 million fair-value gains from investment properties; EPS was Rs. 5.20 and NAV/share Rs. 51.17.
Rupee & ForexConstruction Activity
Daily FT·Oct 22, 2025·Award or certificationPositive
Overseas Realty (Ceylon) PLC's Havelock City Mall celebrated its 2nd anniversary and hosted the Tenant Partner Excellence Awards recognising 135 tenants across 19 categories. The two-day celebration featured discounts up to 30%, hourly lucky draws, an international food fiesta and a new loyalty card for residents.
Overseas Realty (Ceylon) PLC's Havelock City Mall marks its second anniversary in October with tenant and staff awards and festivities on 18–19 Oct, offering discounts up to 30% and an International Food Fiesta. The 200,000 sq ft mall with over 130 outlets will also launch an exclusive loyalty card for apartment residents.
Ada Derana·Oct 16, 2025·Award or certificationPositive
Overseas Realty (Ceylon) Plc's Havelock City Mall marks its second anniversary with celebrations on 18–19 October, offering up to 30% discounts, tenant and staff awards, and a new exclusive loyalty card for Havelock City Apartments residents.
The Sri Lanka–Singapore Business Council elected Janaka Gunasekera (A. Baur & Co.) as President for 2025–26 at its 28th AGM and confirmed a new executive committee. Overseas Realty GM Nirupa Peiris was elected Vice President, Aitken Spence's Jerome Brohier Treasurer, and the committee includes CIC Holdings and Ceylon Grain Elevators.
LAUGFS Gas and LAUGFS Power shares surged (LAUGFS Gas voting +65.42% to Rs.66.50; LAUGFS Power non-voting +63% to Rs.14.20) after reports of a 50:50 partnership with Vallibel Three (Dhammika Perera). Meanwhile the ASPI fell 0.4% to 20,906 with declines led by HNB, COMB, DFCC, CINS and JKH; turnover leaders included RIL, CTHR and EBCR.
The Colombo market closed with the ASPI at 20,992, up 16 points, on turnover of Rs.5.6 billion; weekly ASPI and S&P SL20 fell 0.03% and 1.19% respectively. Property, capital-goods and consumer services stocks led turnover while select hotels and developers saw mixed flows and sizable corporate stake transactions were reported.
Overseas Realty (Ceylon) PLC's Mireka Seascape has sold over 100 units within 60 days of its June 2025 launch. Groundbreaking is scheduled for Q4 2025 and the oceanfront development of apartments and villas will be managed by Realty Management Services with premium amenities.
Colombo's ASPI rose 0.49% to 19,923.02, led by buying in bank counters—mainly Commercial Bank and HNB—while the S&P SL20 edged down to 5,824.91. Notable movers included C T Holdings, Ceylinco, Carson and Dialog higher, with John Keells and Overseas Realty weaker; turnover fell to Rs 3.1bn.
Indrajit Wickramasinghe has been appointed an Independent Non-Executive Director of Diesel & Motor Engineering PLC (DIMO.N0000). He is an ex-CEO of Union Bank with over 36 years' management experience and currently sits on the boards of Three Acre Farms, Ceylon Grain Elevators and Overseas Realty.
Overseas Realty reported Group Profit Before Tax of Rs. 4,676 million and Group Revenue of Rs. 5,258 million for the six months to 30 June. Fair value gains on investment properties were Rs. 2,331 million, a Rs. 274 million net exchange loss from rupee depreciation was recorded, the Mireka Seascape project was launched, NAV/share was Rs. 49.57 and EPS was Rs. 3.60.
Rupee & ForexConstruction Activity
Daily FT·Jul 25, 2025·Management or board changePositive
Overseas Realty (Ceylon) PLC appointed Dr. Ranee Jayamaha as Chairperson effective 23 July following the death of Ajit Jayaratne. Dr. Jayamaha has been a director since 2013 and is a former CBSL Deputy Governor with extensive banking, finance and regulatory experience.