Aitken Spence Hotel Holdings PLC will allot 37.5 million of the 50 million debentures (75%) to identified preferential investors in its oversubscribed Rs.5 billion issue; the remaining 12.5 million debentures will be allocated to other investors under stated pro rata rules.
Hotels & Tourism · Hotels/Resorts/Cruise lines
Aitken Spence Hotel Holdings PLC is the holding company for the Aitken Spence Hotels group and operates a portfolio of hotels and resorts across Sri Lanka, the Maldives, India and Oman.
AHUN shares are down 33.3% over the past year and last closed at Rs 80.00 on Sep 30, 2026.
Monthly seasonality
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +2.7 | -4.5 | -16.9 | +5.4 | -3.1 | -0.1 | -7.1 | +0.9 | -9.0 | +0.0 | +0.0 | +0.0 |
| 2025 | +4.6 | -5.7 | -3.0 | +1.2 | -2.0 | +2.6 | +2.4 | +4.6 | +37.7 | +2.5 | -8.1 | -0.9 |
| 2024 | -4.8 | +6.5 | +3.6 | +1.5 | -0.6 | -1.2 | -2.9 | -12.0 | +13.5 | -6.3 | +23.2 | +13.8 |
| 2023 | +6.9 | +5.6 | +6.1 | -4.1 | -3.4 | +0.0 | +25.9 | +6.4 | +5.5 | -15.3 | -5.1 | -0.9 |
| 2022 | +3.3 | -2.9 | -16.1 | -3.1 | -11.2 | -6.5 | +13.8 | +82.4 | +1.3 | -7.4 | -2.7 | -8.2 |
| 2021 | +6.7 | -14.8 | +4.0 | -8.0 | +0.7 | -0.3 | +16.0 | -9.9 | +44.5 | -8.0 | -6.8 | +14.7 |
| 2020 | -7.7 | -18.4 | -26.5 | +0.0 | +0.0 | -2.6 | -4.7 | +3.3 | +23.0 | -13.9 | +23.7 | +34.7 |
| 2019 | +0.0 | -9.3 | -4.1 | -8.5 | +5.1 | -3.1 | +9.1 | +0.0 | +5.4 | -0.8 | +10.0 | -1.5 |
| 2018 | +3.7 | +1.0 | +8.8 | -4.5 | -1.6 | -5.1 | -6.4 | -10.7 | +0.8 | +3.2 | +9.6 | -5.3 |
| 2017 | -4.2 | -4.6 | -11.1 | +13.6 | +0.0 | -5.0 | -5.3 | -7.2 | -5.7 | +1.9 | -6.5 | -2.0 |
| 2016 | -11.8 | -8.3 | -3.6 | +18.9 | -4.8 | -11.7 | -3.8 | +3.9 | -7.9 | -4.5 | -5.6 | -1.6 |
| 2015 | +1.7 | -1.0 | -15.2 | +19.4 | +2.5 | -8.0 | +3.4 | -0.1 | -5.6 | -8.0 | -0.9 | +1.5 |
| 2014 | +0.1 | +2.7 | -2.6 | +5.7 | +4.1 | -0.5 | +8.6 | +2.0 | +1.2 | -1.5 | -5.7 | -1.6 |
| 2013 | -0.1 | +4.8 | -3.3 | +0.0 | +7.3 | -5.7 | -7.6 | -3.2 | -3.4 | +0.8 | -1.7 | +9.0 |
| 2012 | +0.0 | +0.0 | +0.0 | +2.1 | -12.6 | +4.0 | +1.5 | +9.2 | +6.1 | -9.0 | +2.0 | +3.0 |
| Average | +0.1 | -3.5 | -5.7 | +2.8 | -1.4 | -2.9 | +2.9 | +4.7 | +7.2 | -4.7 | +1.8 | +3.9 |
| ASPI average | +3.1 | -2.7 | -4.7 | +2.0 | +0.2 | +0.8 | +3.1 | +2.2 | +3.2 | -0.1 | +1.0 | +3.0 |
| Median | +0.9 | -3.7 | -3.5 | +1.4 | -1.1 | -2.6 | +1.5 | +0.9 | +1.3 | -5.4 | -2.2 | -0.9 |
| % up | 57% | 36% | 29% | 57% | 36% | 13% | 53% | 53% | 67% | 29% | 36% | 43% |
Fundamentals
| Line | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | Rs 52.3B +7.4% | Rs 48.7B +3.1% | Rs 47.3B +2.6% | Rs 46.1B +87.5% | Rs 24.6B +328.9% | Rs 5.7B -69.9% | Rs 19.0B -2.8% | Rs 19.6B +7.2% |
| Operating profit | Rs 9.3B +5.3% | Rs 8.8B +6.2% | Rs 8.3B +13.7% | Rs 7.3B +70.8% | Rs 4.3B | Rs -5.2B | Rs 1.6B -42.8% | Rs 2.7B -9.3% |
| Net profit | Rs 5.0B +40.2% | Rs 3.6B +92.4% | Rs 1.9B +3,883.6% | Rs 46.8M -95.5% | Rs 1.0B turned profitable | Rs -7.3B loss widened | Rs -895.7M fell into loss | Rs 1.2B -24.4% |
| EPS | 9.16 +35.3% | 6.77 +102.1% | 3.35 | -0.94 | 1.85 | -13.93 | -1.90 | 2.37 -30.9% |
Compared with the same period a year earlier.
Per-share figures are as reported, not adjusted for splits.
Recent dividends
- 2026 · first and finalRs 0.28
- 2019 · first and finalRs 1.00
- 2018Rs 0.25
- 2018Rs 1.25
- 2017Rs 0.25
- 2017Rs 0.50
- 2016Rs 1.25
- 2015Rs 1.50
| # | Company | Price | Mkt cap | P/E | P/B | EPS | ROE | Div Yield |
|---|---|---|---|---|---|---|---|---|
| 1 | AHUN.N0000 · this company | 80.00 | Rs 26.9B | 10.9 | 0.90 | 7.32 | 8.23% | 0.35% |
| 2 | KHL.N0000 | 16.00 | Rs 23.3B | 23.9 | 0.69 | 0.67 | 2.92% | 2.19% |
| 3 | JETS.N0000 | 13.90 | Rs 8.4B | 16.0 | 1.87 | 0.87 | 11.76% | 3.60% |
| 4 | SHOT.N0000 | 15.60 | Rs 6.4B | 23.6 | 1.06 | 0.66 | 4.57% | 0.00% |
| 5 | CHOT.N0000 | 28.00 | Rs 5.0B | 25.0 | 0.62 | 1.12 | 2.49% | 0.00% |
| 6 | CONN.N0000 | 25.00 | Rs 2.7B | - | 2.35 | -2.68 | -25.23% | 0.00% |
| 7 | REEF.N0000 | 3.50 | Rs 2.3B | - | 0.88 | -0.23 | -5.97% | 0.00% |
| Peer median · 6 companies | - | - | 23.8 | 0.97 | - | - | 0.00% |
About Aitken Spence Hotel Holdings PLC
Aitken Spence Hotel Holdings PLC is the holding company for the Aitken Spence Hotels group and operates a portfolio of hotels and resorts across Sri Lanka, the Maldives, India and Oman. The Group owns 17 properties (2,363 rooms) and manages six properties (494 rooms), offering resort and hotel services under the Heritance brand and other hotel brands. The company owns and operates resorts-including a significant Maldives portfolio where it is described as the largest international resort chain in the Maldives, owning and operating over 750 rooms across seven properties-and also provides hotel management services for third‑party properties in Sri Lanka and Oman. The Group holds interests in properties cited by the exchange such as Neptune, Heritance Kandalama and The Tea Factory, and developed Heritance Aarah in the Maldives; it is headquartered in Colombo, Sri Lanka and is a subsidiary of Aitken Spence PLC.
AI analysis
neutralEvidence is balanced: annual profit rose 40.2%, but June swung to a LKR 1.5 billion loss. June is normally the weakest quarter for net margin, tempering the setback.
Read the full report (Sep 26, 2026) →News sentiment
Describes news flow, not a forecastHigher than 83% of its last 6 months
7 articles in 30 days: 5 positive, 0 negative, 2 neutral.
Colombo Stock Exchange indices rose at midday, ASPI +0.52% to 21,163.12, with materials leading turnover (rupees 88.93m) and total turnover rupees 344.22m. Top gainers included Dialog, Commercial Bank, Hemas, HNB, Ceylon Cold Stores and Ambeon; Malwatte Valley, Palm Garden Hotels and Distilleries were top losers; Aitken Spence will allot its oversubscribed 2026 debentures.
Aitken Spence Hotel Holdings said its debenture sale to raise up to 5.0 billion rupees was oversubscribed, receiving applications totalling 5.65445 billion rupees. Type A 5-year debentures at 13.00% drew 5.02 billion and Type B 5-year at 12.60% drew 628.52 million; demand for 7-year tenors was modest.
Colombo Stock Exchange opened marginally higher: ASPI rose 14.13 points to 21,070.39 and the S&P SL20 gained 0.11% to 5,935.33, with turnover of LKR 9.97m. Notable movers included Industrial Asphalts (+16.7%), Prime Lands, Dialog, Haycarb and NDB; SMB Finance and Commercial Bank fell; Softlogic Finance announced a LKR 1.002bn rights issue and Aitken Spence Hotel Holdings proposed up to LKR 5bn debenture issue.
Aitken Spence Hotel Holdings PLC's debenture issue drew applications of Rs.5,654 million against a maximum Rs.5,000 million (about 13% oversubscribed). Five- and seven-year debentures were offered with effective yields of 13% and 13.15% respectively, with the Type A five-year drawing Rs.5,021m.
Aitken Spence Hotel Holdings PLC's maiden listed, rated, unsecured senior redeemable debenture issue was oversubscribed on opening day (15 Sep 2026), receiving applications for the full 50 million debentures (Rs5.0 billion). The company had sought an initial Rs3.0 billion with an option to expand to Rs5.0 billion; basis of allotment will be announced to the CSE.
Aitken Spence Hotel Holdings PLC said its maiden listed debenture issue was oversubscribed on opening day, receiving applications for more than 50 million debentures and filling the full Rs.5 billion on offer (initial Rs.3 billion, option to extend to Rs.5 billion).
Aitken Spence Hotel Holdings PLC received CSE approval to list up to Rs.5 billion of unsecured senior redeemable debentures and will initially issue up to 30 million debentures to raise Rs.3 billion. The offer comprises five- and seven-year tenors with coupons yielding about 13%-13.15%; subscription opens 15 Sep 2026.
Aitken Spence Hotel Holdings PLC will raise up to Rs5.0bn via a listed debenture issue, initially 30 million debentures (Rs3.0bn) with a further 20 million on oversubscription; subscription opens Sept 15. The offer has four fixed-rate options across 5- and 7-year tenors (circa 12.60-13.15% p.a.) and has CSE in‑principle approval.
Sri Lanka is seeking to position Colombo as a cruise tourism hub, with the government and private sector courting international cruise lines, exploring capacity for larger vessels and aiming to extend passenger stays to boost wider economic and hotel-sector benefits; talks include linking Cinnamon Hotels Group with international cruise operators.
Hotels & Tourism sector: what is happening
Last 14 days to Sep 30, 2026Tourism remained subdued: arrivals in 1-23 September edged up 0.31% year on year, led by India, but year-to-date arrivals were 1.83% lower amid Middle East disruptions and softer global demand. August tourism earnings rose 2.1%, ending a 10-month decline, yet year-to-date revenue fell 10%. Higher energy costs and weakened purchasing power also weighed on tourism demand.
The stories behind it
Auto-generated from 6 sector news articles over 14 days. Not investment advice.