Property & Construction · Real Estate Development
| Year | Revenue | Net profit | EPS |
|---|---|---|---|
| 2026 | Rs 11.0B | Rs 2.1B | 2.20 |
| 2025 | Rs 8.3B | Rs 1.2B | 1.31 |
| 2024 | Rs 8.1B | Rs 1.1B | 1.20 |
| 2023 | Rs 19.8B | Rs 3.4B | 3.57 |
| 2022 | Rs 9.5B | Rs 1.7B | 1.86 |
| 2021 | Rs 7.7B | Rs 989.3M | 1.32 |
Prime Lands Residencies PLC is a Sri Lanka-based real estate developer focused on residential property development and sales, primarily of condominiums and gated housing targeted at a broad range of market segments and economic brackets across the country. The Company positions itself to provide livable neighbourhoods and apartment housing that appeal to both local and international buyers, including foreign nationals and non-resident Sri Lankans. Its development portfolio includes projects across market tiers, with mid- to upper-segment residential developments and an ultra-luxury pipeline; named projects referenced in company reporting include The Colombo Border, The Seasons, J’Adore Negombo, Mon Vie, The Golf and The Elizabeth. The Company emphasises design, execution discipline, and integration of sustainability and digital customer platforms (for example “Prime Edge” and AI-enabled support “Prime Bee”). The Group structure includes subsidiaries and affiliated companies involved in related activities, such as Prime Melwa Port City (Pvt) Ltd, Diyanillakelle Estate (Pvt) Ltd, Regent Country Club (Pvt) Ltd, Regent Caterers (Pvt) Ltd and affiliates including Bhoomi Realty Holdings (Pvt) Ltd, Prime Realty (Pvt) Ltd, Prime Lands Australia (Pty) Ltd and Prime Constructions (Pvt) Ltd. Operations and developments are located in Sri Lanka.
FY2026 profit after tax reached LKR 2.06 billion; the share now trades on a P/E of 18.5, putting the spotlight on delivery of the new project pipeline.
Read the full report (Jul 30, 2026) →No scored news in the last 30 days.
Prime Lands Residencies PLC reported FY2026 profit after tax of Rs. 2.06 billion (up 67% YoY) and declared an interim cash dividend of Rs. 0.80 per share (ex-dividend 09 Jun 2026; payment 26 Jun 2026).
Dividend · Rs 0.80 · XD Jun 9, 2026
Dividend of LKR 0.8/share; XD 2026-06-09; record 2026-06-09; payable 2026-06-26; FY 2026
Prime Lands Residencies PLC has acquired the Otters Club car park in Colombo 7 to develop 'The Elizabeth', a ground-plus-23-storey residential tower on about one acre. The development will integrate the historic Otters Club on floors 4–5 and is now open for reservations.
Prime Lands Residencies PLC (PLR.N0000) has secured the Otters Club car park in Colombo 7 to develop 'The Elizabeth', a ground-plus-23-storey residential tower on about one acre and has opened reservations.
Prime Lands Residencies PLC reported 3Q (ended 31 Dec 2025) revenue up 43% y/y to Rs. 2.80 billion and profit after tax up 144% y/y to Rs. 562.3 million. Gross profit rose to Rs. 1.05 billion and EPS was Rs. 0.60, driven by accelerated construction and first-time revenue from The Seasons Colombo 08.
Prime Lands Residencies PLC (PLR.N0000) reported Q3 FY2025/26 revenue up 43% y/y to Rs. 2.80 billion and profit after tax up 144% y/y to Rs. 562.3 million. Growth was driven by accelerated construction progress (Tower C topping off) and first-time revenue from The Seasons Colombo 08; nine-month PAT rose 68% to Rs. 1.50 billion.
Prime Lands Residencies PLC acquired over 1 acre on Station Road, Bambalapitiya for Rs.3.5 billion via a Sampath Bank public auction. Prime paid a Rs.350 million (10%) advance and will settle the balance within 30 days; the group says this is its largest land investment.
Sri 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.
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