Hayleys delivers strong 1H performance with PBT of Rs. 21.31 Bn, up 49%.
Hayleys PLC delivered a strong financial performance during the six months ended 30th September 2026, recording consolidated revenue from continuing operations of Rs. 358Bn, an increase of 33% year-on-year. Profit Before Tax (PBT) rose by 49% to Rs. 21.31 Bn, reflecting strong contributions across key sectors.
The Group surpassed USD 1 Bn in first half revenue for the first time in its reporting history on the Colombo Stock Exchange, marking a significant milestone in its growth trajectory.
The strong performance was supported by significant contributions from the key export oriented sectors, Transportation & Logistics and Consumer & Retail Sectors. This performance reflects the strength of Hayleys' diversified portfolio and its ability to capitalise on opportunities across domestic and international markets.
The domestic operating environment remained broadly resilient, supported by continued economic recovery, although rising inflation and cost pressures presented challenges.
Globally, geopolitical uncertainties, commodity price volatility and evolving trade dynamics continued to influence business conditions. Against this backdrop, the Group's diversified business portfolio, focus on operational efficiencies and strategic investments supported its ability to navigate the evolving operating environment.
Reflecting the Group's strong operating performance, consolidated EBITDA increased by approximately 46% to Rs. 39.13 Bn. Despite an increase in net finance costs, PBT grew by 49% to Rs. 21.31 Bn, while profit after tax (PAT) from continuing operations increased by 60% to Rs. 13.63 Bn.
During the period, Hayleys PLC was assigned an international 'B+' foreign currency rating with a Stable Outlook by S&P Global Ratings. The rating reflects the strengths of Hayleys' diversified business model and foreign currency earnings base, while providing a globally comparable credit benchmark and supporting access to international capital markets.
Commenting on the Group's performance, Chairman & Chief Executive, Mr. Mohan Pandithage stated, “Our strong first-half performance, including the achievement of a historic revenue milestone, reflects the disciplined execution of our strategic priorities and the continued growth of our businesses across domestic and international markets. These results demonstrate our ability to navigate evolving market conditions while capitalising on opportunities across multiple sectors and geographies."
"As we continue to invest in expanding our capabilities and strengthening our market positions, we remain focused on building a more resilient, competitive and future-ready portfolio. We are confident in the Group's ability to sustain its growth momentum and create long-term value for our stakeholders."
Alongside its financial performance, the Group continued to advance its sustainability priorities. Energy intensity declined by 17% year-on-year to 2,902.6 GJ per USD million, while water intensity decreased by 13% to 3,228.0 m³ per USD million. The Group remains committed to achieving a 30% reduction in both energy and water intensity by FY2029/30, against their respective baseline years.
As one of Sri Lanka's largest private-sector employers, Hayleys continues to support livelihoods and national economic development, employing over 38,200 direct individuals across its operations. The Group's social impact initiatives in education, livelihoods and community development benefited over 193,330 individuals during the period.
Further reinforcing its position as a leading Sri Lankan corporate, the Group retained its ranking as Sri Lanka’s No. 1 listed company in the LMD 100 for the 11th year.
Looking ahead, while global economic uncertainties and evolving trade conditions remain key considerations, the Group will prioritise operational efficiencies, strengthen profitability and realising greater value from recent investments. These efforts will support continued business performance and the Group's ability to respond to emerging market opportunities.
The Board of Directors of Hayleys PLC consists of, Chairman & Chief Executive Mohan Pandithage, Co-Chairman Dhammika Perera, Sarath Ganegoda, Rajitha Kariyawasan, Dr.Harsha Cabral, PC, Ruwan Waidyaratne, Jayanthi Dharmasena, Rohan Karr, Gamini Gunaratne, Timothy Speldewinde, Yohan Perera, Jonathan Alles and Rumal Fernando.
