News & market updates

Cargills Bank said an unauthorised party accessed and published some of its data; the bank has engaged international cyber specialists, is cooperating with authorities and says core operations and banking services remain secure and functional.

C.D. De Fonseka & Sons won the SLFPA 9th Annual Soft Ball Cricket Tournament held on 15 March 2025. Cargills (via Cargills Convenient Foods) and Elephant House (Ceylon Cold Stores) were among the event sponsors and participating companies.

Cargills (Ceylon) PLC held the 32nd Village to Home event on 22–23 March to showcase SMEs, offering free monthly stalls and potential supplier listings across 540 Food City locations. Cargills covers event costs, has assisted over 1,300 small businesses, and Cargills Bank provides accounts, loans and financial training to participants.

Cargills (Ceylon) PLC reported 3Q (Dec 2024) sales up 9.1% to Rs 61,865 Mn, EBITDA up 19.8% to Rs 5,685 Mn and PAT up 47.8% to Rs 1,626 Mn. Management expects stronger 2025 demand amid stable prices, low interest rates and lower utility costs and will continue store and capacity expansion.

Cargills (Ceylon) PLC posted Q3 (Dec 2024) sales of Rs.61,865m (+9.1%), EBITDA Rs.5,685m (+19.8%) and PAT Rs.1,626m (+47.8%). Management said volume growth and digitalisation of its agri/dairy supply chain drove results, expects stronger 2025 demand amid lower rates, reduced energy costs and will expand stores and capacity.

Colombo Fashion Week announced its Summer 2025 edition and its founding membership of the BRICS International Fashion Federation, plus a new Craft Fashion Fund; the event is supported by partners including Mastercard, NDB Wealth, Nestlé Lanka and Cargills, and will showcase local and international designers.

Cargills Bank has partnered with Sampath Information Technology Solutions to introduce gold loans and pawning services using SITS's Prime platform, providing fully digital onboarding, risk assessment and loan disbursal. This marks Cargills Bank's first entry into the gold loan segment.

Cargills Bank (CBNK) will act as the collection agent for CT CLSA Asset Management’s unit trust funds, allowing unitholders to subscribe at 530 Cargills supermarket outlets nationwide.

Cargills Bank will act as collection agent for CT CLSA Asset Management unit trusts, enabling subscriptions at 530 Cargills Food City, Cargills Express and Cargills Food Hall outlets nationwide.

Priyan Edirisinghe has been appointed as a Non-Executive Independent Director of Cargills (Ceylon) PLC; he is a chartered accountant, Managing Partner of Baker Tilly Edirisinghe & Co., and currently serves on the boards of C T Holdings, CT Land Development and Dialog Finance.

HNB PLC launched festive cardholder offers including discounts up to 70% and a grand raffle awarding one fully paid 'Anthem of the Seas' cruise for two. Promotions cover 300+ merchants (including Keells, Cargills, Softlogic); raffle entry requires LKR 100,000 spend and interest-free instalments with waived fees until Dec 31, 2024.

The Sri Lanka Food Processors Association held its 27th AGM on 4 October 2024 and appointed a new 2025/2026 committee. Office-bearers and executive members include representatives from Ceylon Cold Stores, Diesel & Motor Engineering and Cargills, with Unilever Sri Lanka among event sponsors.

Dividend · Rs 4.80 · XD Oct 25, 2024

First Interim dividend of LKR 4.8/share; XD 2024-10-25; record 2024-10-27; payable 2024-11-14; FY 2024/2025

The Profood Propack, Agbiz & Knowledge Hub 2024 exhibition kicked off in Colombo, running three days through 25 August to showcase agriculture, food processing, packaging and exports. Platinum/silver sponsors include Cargills Ceylon PLC and Convenience Foods Lanka PLC.

Profood Propack & Agbiz 2024 will be held 23–25 Aug at the Sirimavo Bandaranaike Exhibition and Convention Centre with 340+ stands and an expected 60,000 visitors; sponsors include Cargills Ceylon PLC and Convenience Foods Lanka PLC. The exhibition covers agriculture, processed food, beverages and packaging and includes seminars and SME showcases.

ACCA's 'Escape the Challenge' competition concluded with St. Bridget’s Convent – Colombo winning first place and over 125 schools participating nationwide. The judging panel included Sukitha Arangallage, Head of Sustainability at Cargills Ceylon PLC.