News & market updates

JAT Holdings' subsidiary JAT Exports DMCC has acquired Mirotone (NZ) Limited for over AUD4.0 million (AUD2.5m for 100% purchase plus AUD1.5m for working capital, modernization and relaunch). The deal includes IP, brands and a NZ market-leading wood coatings business (>60% share) and will complete shortly.

JAT Holdings PLC has acquired Mirotone (NZ) Limited, New Zealand’s market-leading industrial wood coatings company and 90-year-old brand, giving JAT immediate reach into Australia and a platform for expansion into Europe and the Americas.

Colombo bourse closed lower as the ASPI fell 0.15% to 22,804.84 amid foreign net selling of Rs.893 million and turnover of about Rs.5.6bn; the S&P SL20 rose 0.18%. Capital goods and materials led activity with notable stock moves including Aitken Spence (-Rs.1), Hayleys (-Rs.0.75) and John Keells (+Rs.0.40).

Volt Charge, a subsidiary of JAT Holdings PLC, won a 2025 Australian Good Design Award (Product Design) for its Volt Charge Level 2 EV Charger. The Sri Lanka-designed charger features cloud-based AI optimisation, advanced safety systems and customisable colours and was praised by the international jury.

The Colombo Stock Exchange closed marginally up as the ASPI gained 0.03% (7.45 pts) to 22,791.07 on turnover of Rs.6.61bn; DOCK, SAMP, CFIN, HARI and HUNT were among top contributors while foreigners were net sellers of Rs.235.1m.

AmCham Sri Lanka elected Mastercard Sri Lanka Country Manager Sandun Hapugoda as President at its 33rd AGM; Chevron Lubricants Lanka MD/CEO Bertram Paul was elected Vice President. JAT Holdings director Anika Williamson and Hayleys Advantis's Chamila Bandara were named to the board.

Fitch assigned Hayleys Fentons Limited a National Long-Term Rating of A+(lka) with a Stable Outlook, citing its leading domestic rooftop solar market share that drove FY25 cash flow. Fitch noted a one‑notch uplift from parent Hayleys PLC and flagged execution and CEB offtaker risks for planned power projects.

Fitch assigned Hayleys Fentons Ltd a National Long-Term Rating of A+(lka) (Stable), citing market-leading rooftop solar sales, planned 149MW of generation projects and a one-notch uplift for support from parent Hayleys PLC.

JAT Holdings PLC affiliate James Global Minerals appointed Col. Nalin Herath as its new General Manager. He will also serve as Executive Director of SASSRI and has previously held senior defence and national security roles.

JAT Holdings PLC launched Hydro+, a next-generation waterproofing paint using UV-cross-linking Acrylic-PUD technology designed for superior durability in Sri Lanka's tropical climate. Hydro+ is formulated to resist intense sun, heavy rain, humidity, algae and fungus, bridge hairline cracks and reduce dirt pickup.

The ASPI rose about 7% in August, closing the month at 20,997.36 after a 197.10-point (0.95%) gain on the final day. Top contributors included Ceylinco Holdings, Senkadagala Finance and Richard Pieris; turnover was around Rs.7.4bn, led by consumer services and financials, with foreign net inflows of Rs.184.1m.

Colombo bourse rose for a second day as the ASPI gained 139.82 points to close at 20,753.21, with turnover at about Rs.7.4 billion boosted by several crossings. Selected Construction and Materials counters and names such as Access Engineering, Ceylon Tobacco and Cargills were among top contributors.

MSCI added seven Sri Lankan companies—GUAR, DIMO, JAT, KHL, RIL, PARQ and VFIN—to its Frontier Markets Small Cap Indexes, raising Sri Lanka's index coverage to 12 constituents as of the market close on 26 August; no Sri Lankan removals were made in the review.

Colombo market rebounded as the ASPI rose 38 points (+0.2%) and S&P SL20 gained 6 points (+0.1%), with turnover up to Rs.5.1 billion led by Teejay Lanka, Sierra Cables and Sampath Bank. Construction and banking stocks led gains; DFCC, SAMP and DIAL were top index movers and foreigners net bought Rs.56.1m.

JAT Holdings PLC reported a 20% YoY increase in profit after tax in Q1 FY2025/26, driven by margin gains and cost efficiencies. Revenue rose 3% to Rs.2.26bn, gross profit climbed 26% to Rs.830m, operating profit jumped 54%, EV charger sales contributed Rs.192m (8%); exports fell 18% while local revenue grew 13%.

JAT Holdings PLC posted a 20% YoY rise in PAT in Q1 FY2025/26, with revenue of Rs. 2.26bn and gross profit margin improving to 37% (from 30%). Local revenue rose 13% while exports fell 18%; EV charger manufacturing contributed Rs. 192m (8% of Q1) with confirmed orders.

EXTENSION OF EMPLOYEE SHARE OPTION PLAN (ESOP) JAT Holdings PLC (JAT) wishes to inform its shareholders and the public that the exercise period of the Employee Share Option Plan (ESOP) of JAT has been extended by a further Six (06) months resulting in the Exercise Period being valid till 11th February 2026, is approved by the Colombo Stock Exchange (CSE).

JAT Holdings (JAT.N0000) is in talks for a potential acquisition to expand its global footprint, the company said in a CSE filing. JAT reported FY25 operating profit up 37% to Rs.1.86bn and net profit up 74% to Rs.1.78bn on revenue of Rs.11.6bn; Bangladesh exports fell 26%.

JAT Holdings PLC launched the 3rd edition of its JAT Pintharu Abhiman painter training programme, starting in the second week of August 2025 across eight cities with an expected 800+ participants. The three-month series offers practical workshops and NVQ qualification support with NAITA, building on prior training of 1,700 painters.

Brand Finance published Sri Lanka's 100 Most Valuable Brands for 2025, ranking Bank of Ceylon top with a brand value of Rs.57,411m; Commercial Bank, Dialog and People’s Bank follow the top positions. The list covers firms across banking, telecoms, FMCG, healthcare, hospitality and other sectors.

JAT Holdings' subsidiary VOLT Charge and John Keells Group have opened the first commercial EV fast charging station in Northern Province at the Keells Jaffna store, featuring a 30kW dual-gun DC fast charger. The installation is the 20th in the VOLT–Keells partnership across the country.

JAT Holdings PLC ran a specialised technical training programme for painters with hearing impairments, certifying 13 participants on 4 July 2025. The programme, conducted with the Sri Lanka Central Federation of the Deaf, delivered hands-on painting and wood coating training to improve inclusivity and skills in the sector.

The IMF approved a $350mn drawdown under Sri Lanka's EFF, and the ASPI rose 0.81% to 18,141.79; investor interest lifted construction and property stocks led by Access Engineering, ACL Cables and JAT, with gains in C T Holdings and Colombo Dockyard.

First Capital Holdings PLC (CFVF.N0000) won two awards at the 12th Annual Capital Market Awards 2024: Bronze for Best Unit Trust Fund (First Capital Money Market Fund) and Silver for Best Equity Research Report (on JAT Holdings). First Capital is a subsidiary of Janashakthi Limited (JXG.N0000).

First Capital Holdings PLC won two awards at the 12th Annual Capital Market Awards 2024: Bronze for Best Unit Trust Fund (First Capital Money Market Fund) and Silver for Best Equity Research Report (Manusha Kandanaarachchi's report on JAT Holdings). First Capital is a subsidiary of Janashakthi Limited.

JAT Holdings PLC concluded its inaugural JAT Golf Classic at the Royal Colombo Golf Club, hosting over 275 participants and awarding over Rs 33 million in gifts and prizes. The two-day event was organised by JAT Furnishing and highlighted partnerships with Herman Miller, SEAFORM and OPPEIN.

ASPI rose 234 points (1.4%) to 17,214 on turnover of Rs.7.37bn, led by banking stocks with HNB, SAMP and COMB among top contributors. Turnover was 72% above the monthly average and foreigners recorded a net outflow of about Rs.273.6m.