Hayleys records 78% growth in PBT to Rs.12.73 bn

Mohan  Pandithage - Chairman	Dhammika  Perera – Co-Chairman

The Hayleys Group delivered remarkable growth and profitability during the first half of the financial year ending 31st March 2025, as it leveraged its leading market positions across diverse business verticals to deliver a Profit Before Tax of Rs.12.73 billion, an increase of 78 percent over the corresponding period of the previous year. 

Meanwhile, the Group recorded a 44 percent increase in Profit Before Tax to Rs.7 billion during the 2nd quarter of the financial year. The robust performance for the period reflects commendable top line growth, ongoing focus on operating efficiencies and effective management of finance costs, enabling continued value creation to shareholders with the annualised Earnings per Share increasing to Rs. 4.23 compared to Rs. 0.09 the previous year.

The Group’s Consolidated Revenue increased to Rs.236.15 bn, an increase of 17 percent compared to the previous year, led by strong growth in the Consumer & Retail (+52 percent), Transportation & Logistics (+26 percent) and Projects & Engineering (+87 percent) which benefitted from timely strategic interventions amid more conducive operating conditions. Export-oriented sectors contained the decline in Revenue to 3 percent y-o-y despite the appreciation of the Sri Lankan Rupee. 

Top line growth coupled with the ongoing focus on operating efficiencies, effective margin management and strategic emphasis on driving digitalisation across key processes enabled the Group to record a 14 percent increase in Consolidated Earnings Before Interest and Tax (EBIT) to Rs.19.18 bn during the reviewed period. EBIT growth was driven by strong profitability in the Consumer & Retail and Transportation & Logistics sectors. 
Growth in Consolidated Profit Before Tax of 78 percent y-o-y represents the Group’s strong operating performance and a near 35 percent reduction in net finance costs stemming from effective management of finance costs. During the year, Hayleys also retained its national long-term rating of ‘AAA (lka)’ by Fitch Ratings, attesting to the Group’s strong financial stability and resilient earnings profile. 

The Group’s Tax Expense increased by 44 percent to Rs.5.72 billion reflecting ongoing value creation to the Government. Overall the Group’s Consolidated Profit After Tax clocked in at Rs.7 billion an increase of 122 percent compared to the previous year. 

Commenting on the Group’s performance, Chairman  and Chief Executive, Mohan Pandithage said, “the performance during the period attests to the resilience of our operating models, the strength of our brands and market positions and the ongoing focus we place on driving innovation in both our products and processes. I am confident that the efforts we have placed in recent years to strengthen our businesses will continue to bear fruit, leading to continued growth, innovation and positive impact against the anticipated improvement in macro-economic conditions.”