Lanka Realty Investments PLC (ASCO.N0000) sold its 50.88% controlling stake in On'ally Holdings PLC (ONAL.N0000) to Lee Hedges PLC (SHAW.N0000) for about Rs.2.26 billion, unlocking capital and an estimated separate-company gain of ≈Rs.834.09m before costs. Lee Hedges gains Unity Plaza, boosting recurring rental income and scale.
On'ally Holdings PLC
ONAL.N0000Property & Construction · Real Estate Development
Annual fundamentals
| Year | Revenue | Net profit | EPS |
|---|---|---|---|
| 2025 | Rs 340.0M | Rs 511.8M | 5.50 |
| 2024 | Rs 286.3M | Rs 570.4M | 6.13 |
| 2023 | Rs 280.0M | Rs 344.8M | 3.71 |
| 2022 | Rs 213.0M | Rs 658.9M | 7.08 |
| 2021 | Rs 181.7M | Rs 241.7M | 2.60 |
| 2020 | Rs 201.2M | Rs 174.3M | 1.87 |
| 2019 | Rs 180.1M | Rs -57.9M | -3.31 |
Recent dividends
- 2026 · first interimRs 1.00
- 2025 · first interimRs 1.60
- 2024 · finalRs 2.00
- 2023Rs 0.02
- 2023 · finalRs 2.30
- 2023 · first interimRs 1.50
- 2022 · finalRs 0.60
- 2022Rs 2.10
About On'ally Holdings PLC
On'ally Holdings PLC is a Colombo Stock Exchange–listed real estate company whose primary asset is the Unity Plaza complex in Colombo. The company owns, manages and leases mixed-use property, operating retail floors focused on IT and electronic goods and services alongside commercial office space. Unity Plaza comprises five floors of IT retail shops and computer repair centres and five floors of commercial office spaces; the company focuses on leasing retail units to IT and electronics retailers and leasing office space to commercial tenants, while undertaking refurbishment and infrastructure upgrades to meet international standards and improve the tenant and customer experience. On'ally Holdings was acquired by Lanka Realty Investments PLC and operates in a public–private partnership with the Urban Development Authority as a significant shareholder; the company positions Unity Plaza as Sri Lanka's largest IT and computer services hub and is exploring further asset-management and development opportunities in Colombo.
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Generate an analysis →News sentiment
Describes news flow, not a forecast5 articles in 30 days: 1 positive, 0 negative, 4 neutral.
Dividend · Rs 1.00 · XD Feb 18, 2026
First Interim dividend of LKR 1/share; XD 2026-02-18; record 2026-02-18; payable 2026-03-10; FY ending 31st March 2026
Lee Hedges PLC appointed Hisham Jamaldeen and Archie Warman as Non-Independent Executive Directors. Both have 20+ years in corporate finance and real estate and hold directorships at On'ally Holdings and Lanka Realty Investments; Jamaldeen has also served at Hayleys PLC.
Lanka Realty Investments PLC said its subsidiary On'ally Holdings commissioned Sri Lanka's largest outdoor LED display at Unity Plaza after investing up to Rs. 200 million, with management projecting about Rs. 150 million in additional annual revenue.
On'ally Holdings PLC appointed Eng. Kumudu Lal as Chairman; he is Secretary to the Ministry of Housing, Construction and Water Supply and Chairman of the Urban Development Authority with over 28 years' experience in civil and environmental engineering and major national infrastructure projects.
Dividend · Rs 1.60 · XD Feb 11, 2025
First Interim dividend of LKR 1.6/share; XD 2025-02-11; record 2025-02-12; payable 2025-03-04; FY ending 31st March 2025
Property & Construction sector: what is happening
Last 30 days to Aug 4, 2026Sri Lanka's construction PMI rose in June, signaling expansion, though firms cited skilled labor and bitumen shortages. Cabinet cleared procurement for Phase 1 of the Ruwanpura Expressway and approved 23 regional industrial projects. Treasury allowed repricing of state contracts to reflect higher costs. In property, high-end condos led Q1 sales while volumes fell.
The stories behind it
Auto-generated from 29 sector news articles over 30 days. Not investment advice. 2 more stories on the sentiment page.