Hotels & Tourism · Hotels/Resorts/Cruise lines
Citrus Leisure PLC is a Sri Lanka-based hospitality group that owns and operates hotels, food & beverage outlets and event facilities, and provides related hospitality services.
REEF shares are down 18.6% over the past year and last closed at Rs 3.50 on Sep 30, 2026.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -2.3 | -2.3 | -11.9 | +16.2 | +0.0 | -4.7 | -9.8 | -2.7 | -2.8 | +0.0 | +0.0 | +0.0 |
| 2025 | -2.2 | -6.8 | -4.9 | +2.6 | +0.0 | -2.5 | +2.6 | +7.5 | +2.3 | +2.3 | +2.2 | -4.3 |
| 2024 | -17.9 | +4.3 | +18.5 | +7.8 | -10.9 | +0.0 | -10.2 | -2.3 | +25.6 | -16.7 | +2.2 | -2.2 |
| 2023 | -3.2 | +0.0 | +6.6 | -4.6 | -3.2 | -3.3 | +19.0 | +7.2 | -8.1 | -5.9 | -4.7 | -8.2 |
| 2022 | +1.1 | -11.2 | -32.9 | +0.0 | -7.5 | -18.4 | +20.0 | +52.1 | -4.1 | -8.6 | +6.3 | -7.4 |
| 2021 | +1.9 | -17.9 | +0.0 | +2.3 | -5.6 | +0.0 | +22.6 | -11.7 | +12.1 | -8.8 | -9.7 | +4.8 |
| 2020 | -10.0 | -11.1 | -30.2 | +0.0 | +0.0 | +8.5 | +31.5 | -12.0 | +0.0 | -20.4 | +17.1 | +8.3 |
| 2019 | +2.1 | -8.2 | -2.2 | -6.8 | +14.6 | +6.4 | +22.0 | +0.0 | +3.3 | +84.1 | +11.2 | -7.0 |
| 2018 | +0.0 | +0.0 | +2.7 | +2.6 | -11.4 | -8.6 | -7.8 | +6.8 | -1.6 | +8.1 | -26.9 | -2.0 |
| 2017 | -3.2 | -9.8 | -14.5 | +19.7 | +1.2 | +23.3 | -6.6 | -11.1 | -1.1 | -2.3 | -5.9 | -6.3 |
| 2016 | -19.8 | -8.6 | -6.8 | +37.7 | +21.1 | -9.6 | +9.6 | +0.0 | +9.6 | -12.8 | -2.8 | -10.4 |
| 2015 | -10.7 | +4.0 | -17.3 | +3.9 | -6.7 | -0.8 | +4.8 | -8.5 | -8.4 | -5.5 | -2.9 | +1.0 |
| 2014 | +2.7 | +2.0 | +7.2 | -1.2 | +0.0 | +0.6 | +4.3 | +13.5 | -3.1 | -3.2 | -6.1 | -1.2 |
| 2013 | -9.2 | -18.6 | +0.5 | +30.6 | -2.4 | -14.6 | -13.8 | -12.2 | +1.3 | +1.9 | -10.4 | -0.7 |
| 2012 | +0.0 | +0.0 | +0.0 | -9.7 | -25.6 | +37.3 | -1.4 | +12.1 | +13.8 | -19.6 | -18.6 | +14.5 |
| Average | -5.0 | -6.0 | -6.1 | +7.2 | -2.6 | +0.9 | +5.8 | +2.6 | +2.6 | -0.5 | -3.5 | -1.5 |
| 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 | -2.7 | -7.5 | -3.6 | +2.6 | -2.8 | -0.8 | +4.3 | +0.0 | +0.0 | -5.7 | -3.8 | -2.1 |
| % up | 29% | 21% | 36% | 64% | 21% | 33% | 60% | 40% | 47% | 29% | 36% | 29% |
| Line | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | Rs 2.3B +0.2% | Rs 2.3B +4.4% | Rs 2.2B +34.5% | Rs 1.6B +91.5% | Rs 848.5M +71.4% | Rs 494.9M +36.1% | Rs 363.7M -75.0% | Rs 1.5B +13.9% |
| Operating profit | Rs -43.7M | Rs 130.2M | Rs -64.7M | Rs -214.2M | Rs -311.4M | Rs -421.1M | Rs 56.9M -55.5% | Rs 128.0M +228.8% |
| Net profit | Rs -243.5M loss narrowed | Rs -293.1M loss narrowed | Rs -846.2M loss narrowed | Rs -1.4B loss widened | Rs -561.8M loss narrowed | Rs -715.3M loss widened | Rs -48.9M loss narrowed | Rs -296.0M loss widened |
| EPS | -0.25 | -0.38 | -2.52 | -4.24 | -1.72 | -2.26 | -0.17 | -2.46 |
Compared with the same period a year earlier.
Per-share figures are as reported, not adjusted for splits.
No dividend records.
| # | 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 | 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 · this company | 3.50 | Rs 2.3B | - | 0.88 | -0.23 | -5.97% | 0.00% |
| Peer median · 6 companies | - | - | 23.6 | 0.98 | - | - | 0.18% |
Citrus Leisure PLC is a Sri Lanka-based hospitality group that owns and operates hotels, food & beverage outlets and event facilities, and provides related hospitality services. The company’s portfolio includes coastal resorts and a city business hotel and, according to its CSE listing activity line, it is the owner and operator of the hotel "Reefcomber" in Hikkaduwa. Its principal properties named in the annual report include Waskaduwa Beach Resort PLC, Hikkaduwa Beach Resort PLC and The Steuart by Citrus in Colombo; these properties are positioned across leisure, lifestyle/entertainment and business travel markets respectively. The Group also runs multiple F&B outlets and event spaces and pursues marketing, channel optimisation and experiential tourism initiatives. Citrus Leisure reports engagement in procurement and cost optimisation, staff training and community initiatives, and focuses on product upgrades, market realignment toward higher-yield guests, and sustainability and talent development across its operations in Sri Lanka.
The evidence points bearish: June revenue fell 33.1% and losses widened sharply, while debt exceeds owners' equity. The annual loss nevertheless narrowed by LKR 49.6 million.
Read the full report (Sep 12, 2026) →1 article in 30 days: 1 positive, 0 negative, 0 neutral.
Citrus Leisure PLC has appointed Nirekshe Perera as Group Chief Executive Officer, Designate effective 1 September 2026; current CEO Chandana Talwatte will leave on 11 November 2026 and Perera will assume the Group CEO role on 12 November 2026 to lead the next growth phase.
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.
Citrus Leisure (REEF.N0000) has partnered with RateGain to deploy the UNO Direct Stack across its hotel portfolio to boost direct bookings, improve conversion and increase direct revenue.
Citrus Leisure PLC reopened Citrus Waskaduwa (after a one-month refurbishment) and Citrus Hikkaduwa (after a two-month refurbishment) on 1 July 2026. The properties feature refreshed rooms, upgraded facilities and infrastructure, staff service training, and the group plans AI-driven digital enhancements for guest experiences.
Colombo market rebounded as the ASPI rose 0.67% to 21,547.17 with net foreign inflows of Rs. 22.6 million. Gains were led by selected blue-chip counters and heavy turnover in capital goods and food & beverage names, with notable moves in DIAL, BREW, CCS, ABAN and JKH.
ASPI fell 1.57% (340.85 pts) to 21,403.28 as the CSE opened in the red amid rising interest rates and Middle East tensions. Turnover was over Rs.2.6bn with foreign net outflows of Rs.54.1m; Melstacorp, Bukit Darah, Sampath and LOLC were key negatives while John Keells and ACL led turnover and HNB rose.
Colombo market closed lower as the ASPI fell 0.23% to 23,011.72 despite net foreign inflows of Rs. 597.5m; banking sector led turnover with large SEYB crossings and gains, while COMB, CINS, DFCC and Colombo Dockyard were among top negative contributors.
Colombo bourse rebounded as the ASPI rose 0.69% (155.47 pts) to 22,739.77 after Middle East developments pushed oil below $100, with turnover over Rs. 4.1bn and net foreign inflow of Rs. 62.4m. JKH, MELS and RIL were among top positive contributors while LIOC fell and REEF gained.
ASPI rose 155.47 points (0.69%) to 22,739.77 while the S&P SL20 gained 31.89 points (0.51%) to 6,245.13. Gains were led by John Keells, HNB, Melstacorp and R I L Property; turnover was Rs.4.13bn with domestic investors 97.3% and a net foreign inflow of Rs.62.4m, led by high activity in Citrus Leisure and Janashakthi Insurance.
ASPI fell 0.49% (110.70 pts) to 22,584.30 as Middle East tensions dented sentiment; turnover was over Rs.2.1bn and foreigners were net sellers of Rs.42m. CINS, CTHR, HHL and SAMP were top negative contributors while COMB, LFIN, PKME, ACL, REEF, GRAN and JKH featured among active names.
Tourism 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.
Auto-generated from 6 sector news articles over 14 days. Not investment advice.