Company filings and market news from across Sri Lanka's stock market.
CFA Society Sri Lanka held the 12th Capital Market Awards on 24 June, with Sunshine Holdings winning Gold for Best Investor Relations (Mid-to-Large Cap). hSenid won Gold for Best Investor Relations (Small Cap); Hemas won Silver (Mid-to-Large), Talawakelle Tea Estates won Silver for Best Sustainability Reporting, and Dialog and Commercial Bank shared Bronze for Sustainability.
Sri Lanka's tea exports reached 21.87 million kilos in May (up 2.42m kg YoY) and 103.28 million kilos Jan–May (up 5.12m kg YoY), with May FOB at Rs 1,804.31/kg (+Rs 32.07 YoY). The Jan–May average FOB fell slightly in rupee terms to Rs 1,756.46 (-Rs 15.87) but rose $0.15 in USD terms; Iraq and Libya were top importers.
Brown & Company PLC reported FY25 consolidated revenue of Rs. 107.82 billion and PBT of Rs. 25.88 billion, with total assets of Rs. 752.69 billion. The Group completed major East Africa Lipton plantation acquisitions, took controlling stakes in Sierra Cables and Tea Smallholder Factories, and saw strong results across its plantations and hospitality units.
Sri Lanka Tourism hosted a 10-day Familiarization Tour for ten leading Australian travel agents, with Aitken Spence Travels providing transport and five-star accommodation and a B2B session held at Cinnamon Life Hotel; Australian arrivals stood at 47,603 to 18 June 2025.
Heladiv Tea Club in Colombo's Dutch Hospital precinct has launched a refreshed menu featuring tea-based cocktails, new food dishes (e.g., Tangy Chicken Twist, Heladiv Pork Bite) and daily happy hours to boost evening trade and attract young professionals.
Sri Lanka, as Theme Country, promoted investment opportunities in infrastructure, technology, green energy, agriculture, tourism and manufacturing at the 9th China‑South Asia Exposition and 6th CSACF in Kunming (18–21 June 2025). Bilateral talks with Yunnan explored processed food, apparel, agriculture, tourism and cut‑flower collaboration, and the pavilion showcased tea, gems and processed foods.
Sri Lankan food & beverage exporters showcased products at THAIFEX Anuga Asia 2025 in Bangkok, drawing enquiries from over 175 visitors and orders in negotiation exceeding US$867,500. The EDB also ran a six-day technical exposure and capacity-building programme for seven SME entrepreneurs to help them upgrade production, packaging and export readiness.
EDB Chairman Mangala Wijesinghe said Sri Lanka is intensifying export efforts with a focus on Bangladesh — 2024 exports to Bangladesh rose 39% to $241.5m (imports $83.8m) — and launched a five‑year Export Development Plan targeting 12% annual export growth. The strategy targets apparel, tea, rubber, ICT/BPM, value‑added agriculture and services and promotes Sri Lanka Expo 2026.
Sunshine Holdings' Zesta brand premiered a new commercial at an exclusive screening on 11 June, relaunching its 'My Zesta Story' campaign and returning to its storytelling roots. The article notes Sunshine's consumer segment includes leading tea brands and a significant export arm.
Sri Lanka's tea production in May rose 3% year‑on‑year to 25.37 million kilos. The January–May cumulative output increased 8.7% to 113.96 million kilos, with all elevations higher and green tea production up 20%.
The Central Bank said paddy for the 2024/25 Maha is forecast at 2.62 million mt (down 3.8% y/y) and April 2025 output saw declines in fish, coconut and rubber, while domestic tea production rose 23.0% y/y due to favourable weather.
Opinion piece proposes creating a Sri Lanka Sovereign Wealth Fund with an initial capitalization target of $500 million and staged AUM targets of $2 billion (by 2028) and $5 billion (by 2030). It recommends funding via cess reform, tourism levies, diaspora bonds and SOE proceeds and governance aligned with the Santiago Principles.
Dividend · Rs 2.00 · XD Jun 26, 2025
Final dividend of LKR 2/share; XD 2025-06-26; record 2025-06-26; payable 2025-07-16; FY Ended 31st March 2025
Sri Lanka will introduce a country-specific Food Security Index within the next three months to better reflect local conditions and guide food security policy over the next five years, with input from FAO and WFP.
Sri Lanka's GDP grew 4.8% in 1Q2025, slowing from previous quarters and from 5.3% a year earlier; industry rose 9.7%, services 2.8% and agriculture fell 0.7%. The DCS said a relatively stable exchange rate and low interest rates helped underpin the growth.
Average coconut prices fell 12.8% to 124,830.70 rupees per 1,000 nuts at last week's auction; nuts offered rose to 943,806 and nuts sold rose to 756,652, both up from a week earlier.
George Steuart sold over 10% of its stake in H V A Foods, disposing of 25 million shares in market trades at Rs 3.50–4.00; HVA stock closed at Rs 3.30.
A government census found Sri Lanka has 5.71 million toque macaques and 4.24 million peacocks. Macaque populations have been rapidly growing, prompting farmer complaints of crop damage and efforts to reduce their numbers.
SLCBCC met a Yunnan provincial trade delegation and agreed to continue multi‑sector cooperation to expand Sri Lanka–China trade, highlighting opportunities for Sri Lankan exporters (including tea, spices and cocopeat) and inviting members to trade fairs in Kunming and the China‑South Asia Exposition in June 2025.
Amana Bank (ABL.N0000) relocated and officially opened its Ratnapura branch at No. 131-133, Main Street, offering full banking, SME and trade services plus a 24x7 banking zone with real-time deposits, withdrawals, cheque deposits and Pay & Go kiosks.
Nyne Hotels has taken over management of Stafford Bungalow, rebranding it as Stafford Bungalow by Nyne Hotels, and will invest in enhancing the historic hill-country property to expand its luxury hospitality offerings. The property sits on a 50-acre Stafford Estate amid tea plantations and will offer immersive tea-country experiences.
EDB Chairman Mangala Wijesinghe said exports to China totaled $251.9m in 2024 (China is Sri Lanka’s 10th-largest export market) and flagged significant untapped export potential. He highlighted opportunities in Ceylon tea, coconut products, processed foods, fish and spices, noting clearances for cinnamon, fish, banana and pineapple.
LOLC Group posted a PAT of Rs.41 billion for FY2024/25 (up 89%) and lifted total assets to Rs.2.03 trillion. LOLC Finance PLC recorded a pre-tax profit of Rs.30.8 billion with NPLs falling to 4.97%, while the group expanded plantation holdings and boosted hospitality and manufacturing contributions.
Hayleys Plantations' companies Kelani Valley Plantations (KVAL.N0000), Talawakelle Tea Estates (TPL.N0000) and Horana Plantations (HOPL.N0000) have established wildlife corridors and conservation programmes to protect Sri Lankan leopards, including KVPL's Elbedda Ridge Corridor (40+ leopards identified) and HPL's 18km Peak-Ridge Corridor.
Four leading Chinese Chambers of Commerce pledged to deepen trade and investment ties with Sri Lanka under the BRI at the 2025 Trade and Investment Forum, citing a 74% YoY rise in machinery and electronics trade to $2.29bn. They highlighted cooperation across machinery, agriculture (notably tea), textiles and renewables and proposed an FTA, industrial zones and use of local currency to reduce forex risk.
The Cabinet approved a programme to repurpose underutilised State-owned lands with an initial Rs.250 million from the 2025 Budget to attract private investment for plantations, agriculture, plantation-related tourism, livestock, water-based power generation and freshwater fishing.