George Steuart & Co. sold a 17.99% stake in HVA Foods PLC, disposing 44 million shares for Rs. 189.7 million at Rs. 4.30–4.60 per share. As of end-December 2025 George Steuart held a 72.39% stake before the sale; HVA reported net liabilities of Rs.0.26 per share and the stock closed at Rs.4.40.
HVA Foods PLC
HVA.N0000Consumer & Retail · Food: Specialty/Candy
Annual fundamentals
| Year | Revenue | Net profit | EPS |
|---|---|---|---|
| 2026 | Rs 2.3B | Rs 7.1M | 0.03 |
| 2025 | Rs 1.8B | Rs -139.9M | -0.78 |
| 2024 | Rs 1.8B | Rs -326.2M | -2.81 |
| 2023 | Rs 2.4B | Rs -45.6M | -0.27 |
| 2022 | Rs 1.3B | Rs -229.0M | -3.45 |
| 2021 | Rs 1.2B | Rs 78.6M | 1.18 |
| 2020 | Rs 850.4M | Rs -125.6M | -1.89 |
Recent dividends
No dividend records.
About HVA Foods PLC
HVA Foods PLC is a Sri Lankan tea processor and exporter that develops, packs and supplies Ceylon tea products for both international and domestic markets. The company's portfolio includes products sold under its Heladiv Tea brand as well as private-label packed teas for export, iced tea concentrates for local retail and tourism, and value-added tea formats such as tea bags and flavoured blends. Operations span bulk shipments and packaged tea products, supported by in-house Analysis and Development functions for quality, traceability and food-safety compliance; the company sources teas through the Colombo Tea Auction and works with certified estates where required. HVA Foods has expanded into adjacent product lines including herbal infusions (in partnership with a German herbal tea company) and a spices trading operation, while pursuing digitalisation, ESG improvements and customer consolidation across export markets including the Middle East, Europe and parts of Asia. The company maintains recognised certifications and standards for its supply chain and production processes, including Rainforest Alliance, various organic standards, ISO 22000:2018 and Halal, and focuses on private-label manufacturing, bespoke packaging solutions and selective bulk-supply relationships.
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George Steuart sold 10.22% of its stake in HVA Foods (25 million shares) for Rs. 88 million, at prices of Rs. 3.50–4.00 per share. Net asset value per share was a negative Rs. 0.29 as at 31 Mar 2025; George Steuart still holds 82.6% and public float is 11.9% (3,492 shareholders).
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.
HVA Foods PLC signed an exclusive herb distribution agreement with Muggenburg Pflanzliche Rohstoffe GmbH & Co. KG on 29 October to supply herbs to value-added tea exporters, nutraceutical and supplement companies in Sri Lanka.
H V A Foods Plc said its rights issue was oversubscribed, raising Rs.372,000,495.70 from an offer of 128,276,033 shares after receiving applications for 132,537,239 shares.
Rights issue · 32:29 at Rs 2.90
Consumer & Retail sector: what is happening
Last 30 days to Aug 4, 2026Consumer retail saw tighter standards and capacity moves. The Consumer Affairs Authority made SLS certification mandatory for all single-use sanitary towels from 8 October 2026, with import inspections. Pelwatte broke ground on a liquid milk plant in Kurunegala to expand fresh dairy. Exporters to the EU were briefed on EmpCo, PPWR and EUDR rules carrying penalties up to €2m or 4% of turnover. Indian SMEs held B2B sessions locally.
The stories behind it
Auto-generated from 9 sector news articles over 30 days. Not investment advice. 1 more story on the sentiment page.