Brown & Company and LOLC Holdings partnered with the government (51% state, 49% private) to revive the long-idle Hingurana/Gal Oya sugar factory, rebuilding infrastructure and expanding into ethanol, power and bio-fertiliser. The operation now cultivates ~8,500 ha, employs ~1,300 directly and works with 8,000 farmers, supporting roughly 30,000 people and reducing sugar imports.
Banks & Finance · Financial Conglomerates
LOLC Holdings PLC is a diversified and globally integrated conglomerate with core activities in financial services, plantations & agriculture, manufacturing & trading, leisure & entertainment, technology and strategic investments.
LOLC shares are down 23.1% over the past year and last closed at Rs 435.50 on Sep 30, 2026.
Monthly seasonality
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +7.2 | -4.8 | -8.7 | +5.7 | +0.0 | -7.4 | -6.4 | -3.2 | -5.9 | +0.0 | +0.0 | +0.0 |
| 2025 | +5.5 | -8.4 | -10.5 | -3.2 | +5.6 | -6.7 | -2.9 | +1.8 | +0.9 | -1.7 | -0.2 | +1.7 |
| 2024 | -11.1 | -1.7 | +27.2 | +18.7 | -3.1 | -1.3 | -7.9 | -9.1 | +13.6 | +5.6 | -1.8 | +54.4 |
| 2023 | +2.6 | -4.9 | -3.8 | -2.8 | -12.3 | +14.1 | +36.4 | -13.9 | -1.4 | -8.1 | -2.3 | -5.0 |
| 2022 | +5.2 | -17.9 | -52.1 | -7.9 | +36.4 | -33.3 | -4.6 | +47.7 | -10.5 | -19.1 | +4.4 | -6.1 |
| 2021 | +285.2 | -29.8 | -20.6 | +11.1 | +9.9 | +10.8 | +19.1 | +26.8 | +4.4 | +3.7 | +54.4 | +16.8 |
| 2020 | -13.4 | -16.0 | -30.5 | +0.0 | +0.0 | +8.8 | +9.3 | +3.3 | -7.9 | -4.3 | +6.1 | +3.1 |
| 2019 | +1.7 | -2.7 | +1.1 | -0.1 | -1.1 | +2.4 | +19.8 | +18.4 | -1.6 | -5.5 | -3.3 | +53.4 |
| 2018 | +1.7 | -0.9 | +1.7 | +7.6 | -9.1 | -15.2 | -6.1 | -2.2 | -4.3 | +6.9 | -2.3 | +0.1 |
| 2017 | -4.8 | -9.0 | -0.6 | +41.5 | +16.6 | +10.1 | -1.7 | +8.5 | +5.0 | +2.8 | -8.4 | -3.8 |
| 2016 | -12.6 | -6.3 | -4.0 | +24.2 | -0.9 | -14.2 | +7.0 | +4.6 | -3.5 | -3.7 | +0.0 | -8.2 |
| 2015 | +0.0 | -1.7 | -12.0 | +18.3 | +25.0 | -11.4 | +6.3 | +1.9 | -12.0 | +2.1 | -2.6 | -3.2 |
| 2014 | +2.6 | +5.9 | -4.9 | +2.7 | +3.5 | +15.2 | +1.3 | -3.2 | -5.1 | +3.2 | +2.0 | -2.1 |
| 2013 | +25.5 | -14.1 | -1.7 | +0.9 | +5.6 | -1.2 | -6.0 | -11.2 | +16.2 | +8.2 | +3.2 | +11.7 |
| 2012 | +0.0 | +0.0 | +0.0 | -8.1 | -42.9 | +30.7 | +8.9 | +13.2 | +10.7 | -0.6 | -2.2 | +9.6 |
| Average | +21.1 | -8.0 | -8.5 | +7.7 | +2.4 | +0.1 | +4.8 | +5.6 | -0.1 | -0.7 | +3.4 | +8.7 |
| 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 | +2.2 | -5.6 | -4.5 | +4.2 | +1.8 | -1.2 | +1.3 | +1.9 | -1.6 | +0.8 | -1.0 | +0.9 |
| % up | 64% | 7% | 21% | 64% | 50% | 47% | 53% | 60% | 40% | 50% | 36% | 57% |
Fundamentals
| Line | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Total income | Rs 158.2B +41.0% | Rs 112.2B +30.6% | Rs 85.9B +4.1% | Rs 82.6B +49.4% | Rs 55.3B +64.5% | Rs 33.6B +33.8% | Rs 25.1B +1.0% | Rs 24.9B +9.8% |
| Operating profit | Rs 70.3B +53.9% | Rs 45.7B +729.8% | Rs 5.5B -74.9% | Rs 21.9B -61.8% | Rs 57.4B +384.5% | Rs 11.8B -90.7% | Rs 126.7B +393.1% | Rs 25.7B +11.8% |
| Net profit | Rs 23.4B -43.0% | Rs 41.0B +88.5% | Rs 21.8B +0.4% | Rs 21.7B -72.1% | Rs 77.6B +45.9% | Rs 53.2B +168.8% | Rs 19.8B +0.8% | Rs 19.6B +2.3% |
| EPS | 66.64 -36.3% | 104.61 +66.2% | 62.95 +33.7% | 47.08 -63.4% | 128.71 +118.1% | 59.01 +157.4% | 22.93 -3.5% | 23.76 +16.1% |
Compared with the same period a year earlier.
Per-share figures are as reported, not adjusted for splits.
Recent dividends
No dividend records.
| # | Company | Price | Mkt cap | P/E | P/B | EPS | ROE | Div Yield |
|---|---|---|---|---|---|---|---|---|
| 1 | COMB.N0000 | 202.50 | Rs 333.3B | 5.5 | 0.94 | 36.86 | 18.10% | 5.17% |
| 2 | HNB.N0000 | 384.00 | Rs 215.0B | 4.6 | 0.71 | 83.23 | 15.72% | 5.20% |
| 3 | LOLC.N0000 · this company | 435.50 | Rs 206.9B | 6.4 | 0.50 | 68.28 | 3.85% | 0.00% |
| 4 | SAMP.N0000 | 140.00 | Rs 164.2B | 5.0 | 0.84 | 27.77 | 16.81% | 7.36% |
| 5 | LOFC.N0000 · same group, not in the median | 5.30 | Rs 156.7B | 5.6 | 0.97 | 0.94 | 17.18% | 0.00% |
| 6 | NTB.N0000 | 303.75 | Rs 104.9B | 5.3 | 0.96 | 57.76 | 19.87% | 3.44% |
| 7 | LFIN.N0000 | 152.00 | Rs 84.2B | 5.6 | 1.34 | 27.10 | 23.87% | 5.39% |
| 8 | CINS.N0000 | 2,820.00 | Rs 66.0B | 7.2 | 0.69 | 391.65 | 9.53% | 1.81% |
| Sector median · 54 companies | - | - | 6.9 | 0.94 | - | - | 2.16% |
About LOLC Holdings Plc
LOLC Holdings PLC is a diversified and globally integrated conglomerate with core activities in financial services, plantations & agriculture, manufacturing & trading, leisure & entertainment, technology and strategic investments. The Group operates across Sri Lanka and has material operations in South & South East Asia, Central Asia and Africa, with specific presence in Kenya, Tanzania, Rwanda, China, the Maldives and Mauritius. The Group's financial services platform comprises non-bank financial institutions, banking and related digital businesses that deliver microfinance, SME and retail credit, leasing and factoring solutions; it also operates a widely adopted digital wallet (iPay) and maintains overseas lending operations across multiple Asian and African markets. Non-financial activities include large-scale plantation and tea manufacturing operations (including acquisitions of Lipton plantation assets and Sri Lankan plantation interests), manufacturing and trading businesses such as Brown and Company PLC and affiliated brands (including Browns Battery and Browns Agriculture), and a hospitality portfolio of hotels and resorts (including Eden Hotel Lanka PLC, Serendib Hotels PLC, Barceló Whale Lagoon and the Nasandhura Palace in Malé). The Group has also expanded into new economy areas such as affordable new energy vehicles (NEV) and related charging infrastructure.
AI analysis
bullishThe evidence points bullish because June-quarter net profit doubled as revenue expanded. The main counterweight is that audited FY2026 profit fell 43.0%.
Read the full report (Sep 15, 2026) →News sentiment
Describes news flow, not a forecastHigher than 85% of its last 13 months · 3 of 26 in its sector
4 articles in 30 days: 3 positive, 1 negative, 0 neutral.
Colombo market opened lower as the ASPI fell 69 points (-0.3%) and the S&P SL20 dropped 8 points (-0.1%). Turnover was Rs.1.5bn (above last week's Rs.1.4bn), foreigners were net sellers of Rs.94.7m, with declines led by ASIR, CCS, SPEN, DIAL and others.
Colombo Stock Exchange closed down as the ASPI fell 0.32% to 21,313.92 with market turnover Rs 1.55 billion and banks leading turnover at Rs 309.87 million. Movers included Carson Cumberbatch, Commercial Bank, Central Finance and Watawala (up) and Dialog, Aitken Spence, LOLC and Ceylon Cold Stores (down); Anilana said Sampath Bank acquired its hotel properties and is contesting the action in court.
Colombo Stock Exchange recovered after a morning dip, with the ASPI at 21,379.02 (up 3.72 points) and the S&P SL20 at 6,005.49. Market turnover was 42.1 million rupees; notable movers included gains for Commercial Bank, Hatton National Bank and RIL Property, and declines for LOLC Holdings, Hayleys and Dialog Axiata.
The Colombo Stock Exchange ended the week up 0.12%, with the ASPI rising 25 points to 21,382.74 after snapping a three-day losing streak. HAYC, CARG, SAMP, LOLC, SEMB and DIMO were top positive contributors; turnover was Rs.1.1bn and foreign investors were net sellers of ~Rs.50.5m.
Colombo Stock Exchange closed higher with the ASPI up 0.12% (25.00 pts) at 21,382.74 and the S&P SL20 up 0.19% at 6,015.08, on turnover of 333 million rupees. Galle Face Capital Partners received in-principle CSE approval to list up to 4,060,218 new ordinary shares via a scrip dividend; its shares closed down 2.45% at 19.90 rupees.
Colombo Stock Exchange closed down as the ASPI fell 0.25% (down 53.01 pts) to 21,489.22 on Wednesday, with market turnover at LKR 972.23 mn and capital goods leading turnover at LKR 283.19 mn. HNB Finance appointed four new independent/non-executive directors effective Sept 8, 2026; its shares closed down 1.20% at 8.20 rupees.
CSE corporate earnings rose 10% YoY to Rs.168.3bn in 2Q (1QFY27), lifting 1H earnings 8% YoY to Rs.354.9bn, led by banks which contributed 37% of quarterly profits. Food & Beverage and Diversified Financials were the next-largest contributors; top 10 counters made about 56% of profits.
LOLC Life Assurance concluded its island-wide 'Sihina Siththara' children's art competition with an awards ceremony and a special Pearl Bay experience; top three winners in each of three age groups received cash prizes and the top 10 in each enjoyed a day at Pearl Bay with their families.
Seylan Bank appointed Krishan Thilakaratne as Deputy Chairman effective 17 August 2026. Thilakaratne, a Non-Executive Director since 2018, is currently Director/CEO of LOLC Finance and a senior management member of LOLC Holdings with over 31 years' experience in banking and finance.
Banks & Finance sector: what is happening
Last 14 days to Sep 30, 2026With policy held at 8.75% amid 8.0% inflation, and Treasury and secondary bond yields rising during the window, banks face continued pressure to reprice deposits and loans while government-securities portfolios remain sensitive to yield moves. The rupee weakened and foreign investors sold rupee bonds for a second week. From 1 November, TIN verification will be required for bank accounts and credit cards, adding onboarding compliance.
The stories behind it
Auto-generated from 45 sector news articles over 14 days. Not investment advice.