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 · Hotels/Resorts/Cruise lines
Jetwing Symphony PLC is part of the Jetwing group and functions as an investment and growth vehicle focused on developing and operating resort and hotel properties across Sri Lanka.
JETS shares are down 32.5% over the past year and last closed at Rs 13.90 on Sep 30, 2026.
Monthly seasonality
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -7.4 | -6.4 | -14.3 | -1.3 | -4.1 | +5.6 | -7.3 | +2.9 | -2.8 | +0.0 | +0.0 | +0.0 |
| 2025 | +5.7 | -8.5 | -2.5 | +3.5 | -5.9 | +4.5 | +30.8 | +10.5 | +29.0 | -4.1 | +5.3 | -8.2 |
| 2024 | +11.9 | -5.3 | +1.1 | +1.1 | -2.2 | -3.4 | -10.5 | -7.8 | +25.4 | +1.1 | +28.9 | +5.2 |
| 2023 | -33.0 | -1.4 | +2.9 | -4.2 | -7.2 | +9.4 | +32.9 | +10.8 | +1.9 | -10.5 | -5.3 | -5.6 |
| 2022 | +7.9 | +0.0 | -22.8 | +4.8 | +0.0 | -9.1 | +24.0 | +21.0 | -4.7 | -12.6 | +15.8 | -17.8 |
| 2021 | +0.0 | -1.0 | -5.3 | -3.3 | +6.9 | -1.1 | +9.8 | +1.0 | +26.5 | +5.4 | -16.2 | +10.5 |
| 2020 | -2.7 | -10.0 | -14.1 | +0.0 | +0.0 | -7.0 | -2.2 | -3.3 | +5.7 | -14.0 | +6.3 | +12.9 |
| 2019 | +0.0 | -19.3 | +1.0 | +2.1 | -9.1 | -2.2 | +9.1 | +24.0 | +0.0 | +0.0 | +0.8 | -5.8 |
| 2018 | +0.0 | -0.7 | -2.9 | +2.3 | -6.7 | +6.3 | -10.4 | +0.0 | +0.0 | +8.3 | -7.7 | -0.8 |
| Average | -2.2 | -5.9 | -6.3 | +0.6 | -3.5 | +0.3 | +8.5 | +6.5 | +9.0 | -3.3 | +3.5 | -1.2 |
| 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 | +0.0 | -5.3 | -2.9 | +1.6 | -5.0 | -1.1 | +9.1 | +2.9 | +1.9 | -2.1 | +3.1 | -3.2 |
| % up | 38% | 0% | 33% | 63% | 13% | 44% | 56% | 67% | 56% | 38% | 63% | 38% |
Fundamentals
| Line | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | Rs 4.5B +9.9% | Rs 4.1B +13.2% | Rs 3.6B +70.8% | Rs 2.1B +64.3% | Rs 1.3B +131.3% | Rs 556.9M -63.5% | Rs 1.5B -20.2% | Rs 1.9B +26.2% |
| Operating profit | Rs 1.3B +11.4% | Rs 1.2B +48.7% | Rs 788.4M +69.0% | Rs 466.6M +1,224.8% | Rs 35.2M | Rs -102.9M | Rs 25.7M -96.0% | Rs 645.3M +55.7% |
| Net profit | Rs 562.9M +29.8% | Rs 433.8M +368.8% | Rs 92.5M turned profitable | Rs -632.2M loss narrowed | Rs -896.0M loss widened | Rs -830.1M loss widened | Rs -459.8M loss widened | Rs -280.6M loss narrowed |
| EPS | 0.92 +27.7% | 0.72 +332.3% | 0.17 | -1.10 | -1.76 | -1.63 | -0.90 | -0.56 |
Compared with the same period a year earlier.
Per-share figures are as reported, not adjusted for splits.
Recent dividends
- 2026 · finalRs 0.50
| # | Company | Price | Mkt cap | P/E | P/B | EPS | ROE | Div Yield |
|---|---|---|---|---|---|---|---|---|
| 1 | AHUN.N0000 | 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 · this company | 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 | 0.89 | - | - | 0.00% |
About Jetwing Symphony PLC
Jetwing Symphony PLC is part of the Jetwing group and functions as an investment and growth vehicle focused on developing and operating resort and hotel properties across Sri Lanka. The company’s portfolio includes Jetwing Yala (Yala), Jetwing Kaduruketha (Wellawaya), Jetwing Lake (Dambulla), Jetwing Colombo Seven (Colombo) and Jetwing Surf (Pottuvil Point), with Jetwing Kandy Gallery (Kandy) under construction and Jetwing Reef (Uppuveli) planned for future launch. The company’s activities center on the development, ownership and operation of hospitality properties and on building a broader tourism ecosystem through new resort projects and related guest services. Sustainability and environmental management are integrated across operations, including energy efficiency measures, water reuse and on‑site wastewater treatment, solid waste segregation and organic waste reuse, and steps toward external verification of environmental and energy management systems (ISO 14001:2015 and ISO 50001:2011). Jetwing Symphony engages with stakeholders through regular investor communications and annual general meetings, and maintains customer feedback systems such as guest satisfaction cards and active online review management. Human resource practices highlighted in the report include local recruitment emphasis, induction programmes for new hires and employee benefits such as maternity and paternity leave and performance‑linked bonuses.
AI analysis
bearishJetwing Symphony's latest quarter returned to a LKR 52 million loss as operating margin fell to 22.6%. The stock is near its 52-week low.
Read the full report (Aug 8, 2026) →News sentiment
Describes news flow, not a forecastNo scored news in the last 30 days.
UN Global Compact Network Sri Lanka held CATALYZE 2026: Social on 24 June to mobilize businesses on social sustainability and responsible leadership; participants and partners included Jetwing Symphony PLC, Lighthouse Hotel PLC, Hemas Holdings, Commercial Bank, Sampath Bank and Elpitiya Plantations.
UN Global Compact Network Sri Lanka held CATALYZE 2026: Social on 24 June with Jetwing Symphony/Lighthouse Hotel PLC Chairman Hiran Cooray as a keynote speaker. Listed partners and patrons included Elpitiya Plantations, Hemas Holdings, Commercial Bank and Sampath Bank.
Colombo Stock Exchange closed higher as the ASPI rose 0.54% to 22,294.71 and the S&P SL20 gained 0.61%. Top contributors included Dialog Axiata, Ceylon Cold Stores, NDB and Bairaha Farms while Hemas, Lion Brewery and Sampath Bank lagged; Jetwing Symphony declared a final dividend of Rs0.50 and closed at Rs14.30 (+2.88%).
Colombo Stock Exchange was up midday, ASPI +0.54% to 22,294.71 with turnover Rs.700m and materials leading turnover at Rs.192.7m. Top movers included Hayleys, Sunshine and HNB (positive) while Royal Ceramics, SMB Finance and Aitken Spence fell; Jetwing Symphony declared a final dividend of Rs.0.50 and its shares rose 3.6%.
Dividend · Rs 0.50 · XD Jul 1, 2026
Final dividend of LKR 0.5/share; XD 2026-07-01; record 2026-07-01; payable 2026-07-20; FY 2025-2026
The EPF's listed equity portfolio rose 27% to Rs. 188.85 billion at end-2025. The fund cut holdings from 65 to 59, fully exited six counters (Cargills Bank, Ceylon Hotels, Colombo Dockyard, Jetwing Symphony, LAUGFS Gas, Sierra Cables) and added Hemas (40m shares); gains were led by banks and diversified stocks.
EPF fully exited holdings in six CSE-listed companies in 2025 — Cargills Bank, Ceylon Hotels, Colombo Dockyard, Jetwing Symphony, LAUGFS Gas and Sierra Cables — and made one new investment, buying 40 million shares in Hemas Holdings; its listed equity count fell from 65 to 59.
ASPI rose 3.56% for the week but closed yesterday down 0.21% at 21,375.73 as the bourse ended a volatile week; foreign investors were net sellers of over Rs.1.2 billion and market turnover was about Rs.2.7 billion.
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.