Company filings and market news from across Sri Lanka's stock market.
Vidullanka PLC launched the Colombo Stock Exchange's first-ever listed Sukuk. The asset-backed, Shariah-compliant instrument creates a new financing route for renewable energy and infrastructure projects that could benefit other listed power companies.
WindForce PLC reported net profit of LKR 2.25 billion for FY 2024/25, a 29% increase year-on-year. Consolidated revenue rose to LKR 6.9bn (+18%) and EBITDA to LKR 6.1bn (+9%), driven by the 15MW Hiruras and 10MW Kebitigollewa projects, Solar Universe consolidation and LKR 708m late payment revenue from the Ceylon Electricity Board.
Colombo Stock Exchange closed higher in a shortened session, with the ASPI up 45 points to 15,962 (S&P SL20 +0.22%). Turnover was about Rs.1.48–1.5 billion and foreign investors net sold Rs.177.3 million; key contributors included MELS, WIND, SPEN, SAMP and heavy turnover in CTC, BIL and KOTA.
WindForce PLC completed a 366 kWp rooftop solar EPC project at Cocoon Island, Maldives worth $296,372 (≈Rs.89m). It is the company's second international EPC project as it diversifies into the EPC business and supports renewable adoption in hospitality.
WindForce PLC completed a 366 kWp rooftop solar PV project at Cocoon Island, Maldives with an EPC value of US$296,372, marking its second international EPC project. The project supports renewable adoption in the hospitality sector and expands WindForce's EPC business overseas.
Team A from the University of Kelaniya won the CFA Institute Research Challenge Sri Lanka 2024/25 and will advance to the sub-regional stage, with runners-up Team B also qualifying. The competition's designated public listed company for this year was Windforce PLC.
University of Kelaniya Team A won the CFA Institute Research Challenge Sri Lanka 2024/25 and will advance to the sub-regional stage. Windforce PLC was the designated public listed company for the competition.
WindForce PLC reported PAT of Rs.2.05 billion for the nine months to 31 Dec 2024, up 22%, and announced a Rs.1.35 billion dividend (Rs.1/share). Consolidated revenue rose 16% to Rs.5.37bn and EBITDA increased 37% to Rs.5.07bn; dividend funded by project income and recovery of CEB arrears, with 100 MW Siyambalanduwa and 10 MW Sooryashakthi projects cited.
WindForce PLC reported PAT of LKR 2.05 billion for the nine months ended 31 Dec 2024, a 22% increase, and declared a dividend of LKR 1 per share (LKR 1.35 billion). Consolidated revenue rose 16% to LKR 5.37 billion and EBITDA increased 37% to LKR 5.07 billion.
Dividend · Rs 1.00 · XD Feb 25, 2025
First Interim dividend of LKR 1/share; XD 2025-02-25; record 2025-02-26; payable 2025-03-18; FY 31st MARCH 2025
Top four university teams will compete in the CFA Institute Research Challenge Sri Lanka local finals on 27 February 2025 at Cinnamon Lakeside Hotel, presenting analysis and buy/sell/hold recommendations on WindForce PLC. Winners advance to the sub-regional stage.
Hayleys Fentons has been awarded the 50 MW Mannar wind power plant at 4.65 US cents per unit. Windforce Plc's earlier lowest bid of 4.88 cents was excluded on technical grounds after an appeal board process.
Sri Lanka's CEB 103.5 MW Mannar wind farm generated over 1.1 billion units in three years, implying a plant factor above 40%. A separate 50 MW wind plant was awarded to Windforce PLC at 4.88 US cents after competitive bidding; the CEB project was built with a $200m ADB loan.
Fitch recalibrated Sri Lanka’s national rating scale, upgrading seven non-financial corporates (including Sri Lanka Telecom to AA-(lka), Windforce to A+(lka) and Resus Energy to A-(lka)) and revising Bogawantalawa Tea Estates to BBB+(lka).
WindForce PLC reported Q2 2024/25 EBITDA up 49% to LKR 4.22 billion and net profit up 17% to LKR 1.86 billion. Growth was driven by contributions from the Hiruras 15 MW wind and Kebitigollewa 10 MW solar plants, a LKR 467 million divestment book profit, and progress on large-scale solar projects.
WindForce PLC reported Q2 FY2024/25 EBITDA rose 49% to Rs. 4.22 billion; consolidated revenue grew 18% to Rs. 3.95 billion and net profit increased 17% to Rs. 1.86 billion. The company also recorded a Rs. 467 million divestment gain and highlighted contributions from Hiruras and Kebitigollewa plus progress on the Rividhanavi 100 MW project.
Colombo Stock Exchange ASPI rose 0.57% to 12,800 on Friday with turnover Rs2 billion and net foreign inflows of Rs199 million. Top turnover generators included Royal Ceramics, Dipped Products, Lanka Milk Foods, John Keells and Sampath Bank; banking stocks showed mixed moves.
WindForce PLC has secured a $296,372 EPC contract to deliver a 366 kWp rooftop solar PV system at Cocoon Island, Maldives. The six-month project for client Cocoon Investment Ltd aims to reduce the resort's carbon footprint.
WindForce PLC has commissioned a 366 kWp rooftop solar PV project on Cocoon Island, Maldives (EPC launched Oct 20, 2024) with an investment of USD 296,372 and expected completion within six months.
WindForce PLC (WIND.N0000) has commissioned a 366 kWp rooftop solar PV project at Cocoon Island, Maldives, an EPC installation costing $296,372 and scheduled over six months.
Colombo Stock Exchange closed mixed: ASPI fell 0.08% to 12,300 while S&P SL20 rose 0.11% to 3,628, with turnover Rs1.9bn and a net foreign inflow of Rs37m. Top contributors included John Keells, Lion Brewery, Sampath Bank, HNB and Central Finance.
WindForce PLC has been selected as the subject company for the CFA Institute Research Challenge Sri Lanka 2024/25. 29 university teams will prepare equity research reports on WindForce and finalists will present at the local finals in February 2025, with the winner advancing to the sub-regional round.
Colombo Stock Exchange closed mixed: ASPI rose 0.09% to 12,257 while the S&P SL20 fell 0.20% to 3,607, with turnover of 1.8 billion and a net foreign inflow of 139 million rupees. Top turnover stocks included John Keells, Citrus Leisure, Dialog and Commercial Bank, with foreign buying noted in JKH, Commercial Bank, Sampath, Citrus Leisure and Windforce.
WindForce PLC has been named the subject company for the CFA Institute Research Challenge Sri Lanka 2024/25. 29 university teams will prepare equity research reports on WindForce, with local finals in February 2025 and the winner advancing to the sub-regional level.
Fitch assigned Bogawantalawa Tea Estates PLC a first-time national long-term rating of 'A(lka)' with a Stable Outlook and gave its outstanding senior unsecured debentures the same rating. Fitch cited structural industry decline and cost pressures but noted Bogawantalawa's healthy financial profile and net cash position as buffers.