News & market updates

Lina Manufacturing, the pharmaceutical arm of Sunshine Holdings (SUN.N0000), was Diamond Sponsor of RESPIRE 2026 held 15–17 Feb 2026, a respiratory medicine congress attended by over 300 participants to support clinical collaboration and knowledge exchange.

Asia Securities convened 150+ investors and corporate leaders at the Sri Lanka Investor Conference 2026 to present a constructive capital-market outlook, with speakers citing roughly 4% GDP growth prospects for 2026. Panels highlighted construction, banking/finance, consumer and digital sectors as key growth drivers and projected strong corporate earnings expansion.

Sunshine Holdings (CSE: SUN) launched OneHR HCM, a Group-wide Oracle-based people management platform, with an initial rollout to over 1,700 employees in its Healthcare and Consumer units to strengthen workforce governance and support future growth.

Hayleys PLC’s proposed unsecured senior redeemable debentures of up to LKR7 billion were assigned a 'AAA(lka)' National Long-Term Rating by Fitch. Fitch noted subsidiary debt to consolidated EBITDA rose to 2.9x in 3QFY26, expects it to moderate to ~2.5x by FY27 and said failure could lower the debentures one notch.

Fitch assigned a 'AAA(lka)' National Long-Term Rating to Hayleys PLC's proposed unsecured senior redeemable debentures of up to LKR7 billion. Fitch noted subsidiary debt-to-consolidated-EBITDA rose to 2.9x in 3QFY26 (limit 2.5x) but expects it to moderate toward 2.5x in FY27, otherwise ratings risk.

Sunshine Holdings reported 9MFY26 consolidated revenue up 8.1% to Rs. 48.9bn and EBIT up 1.2% to Rs. 7.5bn, while PAT fell 8.8% to Rs. 4.3bn. Healthcare remained the largest revenue driver but faced margin pressure from new pharma pricing, while agribusiness (Watawala) posted strong palm oil-led gains.

The Colombo market ended marginally higher — ASPI +0.02% to 23,655.68 — on turnover of Rs.3.35 billion with foreign net outflows of Rs.64 million. Top positive contributors included NHL, CFIN, CARG, JKH and LLUB, while Samson International, UB Finance and Sierra Cables led turnover.

Sunshine Holdings (SUN) reported consolidated 9MFY26 revenue of LKR 48.9bn (+8.1% YoY), Group EBIT of LKR 7.5bn (+1.2% YoY) and PAT of LKR 4.3bn (-8.8% YoY). Healthcare remained the largest contributor with margin pressure from a new pricing mechanism, while Agribusiness (Watawala) delivered strong revenue and margin gains.

Sunshine Foundation for Good, the CSR arm of Sunshine Holdings PLC, distributed stationery vouchers to about 750 schoolchildren in Kelaniya, Kadawatha, Rathmalana, Modara and Mattakkuliya as part of its 2026 education support initiative. The program covered pupils from Grade 1 to Grade 11 at schools near Sunshine's operations and involved the group's leadership and business lines.

Dividend · Rs 0.60 · XD Feb 19, 2026

Second Interim dividend of LKR 0.6/share; XD 2026-02-19; record 2026-02-19; payable 2026-03-11; FY 31st March 2026

Sunshine Holdings (SUN.N0000) will acquire a 75% stake (577,320 shares) in Joint Agri Products Ceylon for Rs. 2.698 billion. JAPC processes and exports spices, coconut products and teas (mainly to the EU and US), and Sunshine says the deal expands its consumer and export footprint.

Sunshine Holdings PLC will buy a 75% stake in Joint Agri Products Ceylon for Rs2.698 billion. JAPC exports spices, coconut products and teas mainly to the EU and USA and will keep its founder shareholders on the board.

Sunshine Holdings PLC (SUN) will acquire a 75% stake in Joint Agri Products Ceylon (JAPC) under a share purchase agreement signed 21 January 2026, targeting expansion of its consumer sector and export presence in premium organic spices and agri products.

Merchant Bank of Sri Lanka & Finance PLC (MBSL) recalibrated the MBSL Midcap Index effective 1 January 2026, setting the midcap market-cap range at Rs. 8.45 billion–Rs. 84.5 billion and selecting 25 constituents. New inclusions include Sierra Cables, Aitken Spence, Vallibel Finance, Lanka IOC, JAT Holdings and Prime Lands; Citizens Development, CIC, Ceylon Grain Elevators, John Keells, Hayleys Fabric, Teejay Lanka and Watawala Plantations were excluded.

Sunshine Holdings PLC partnered with Great Place To Work, secured recurring GPTW Certification and was named one of Sri Lanka’s Best Workplaces 2024 after implementing initiatives that improved onboarding, retention, leadership communication and talent attraction, including in healthcare roles.

Sunshine Holdings' Healthguard Distribution obtained ISO 9001:2015 and Good Distribution Practices (GDP) certifications for all seven of its regional distribution centres in Sri Lanka. The Bureau Veritas/UKAS-backed credentials validate its quality management and bolster its regulated island-wide pharmaceutical distribution (DaaS) capabilities.

Sunshine Holdings PLC strengthened its workplace culture after partnering with Great Place To Work, earning recurring GPTW certification and being named one of Sri Lanka’s Best Workplaces in 2024. It launched onboarding reforms, a feedback platform, career clinics and other HR initiatives to improve retention and talent attraction.

Sunshine Holdings PLC (SUN) has been included in the S&P Sri Lanka 20 Index, effective 22 December 2025 (after market close on 19 December 2025), reflecting its ~LKR70 billion market capitalisation and six‑month median daily value traded of LKR45.6 million which meets index thresholds.

Sunshine Holdings PLC has been included in the S&P Sri Lanka 20 Index following the 2025 year-end rebalance, effective from 22 December 2025. The group reports a market capitalisation of ~LKR 70 billion and a six‑month median daily value traded of Rs.45.6 million, above the index liquidity threshold.

Aggregate profits of 273 listed companies fell 12% YoY to Rs.176.5 billion in Sep-25, ending a seven-quarter growth streak. Banks (Rs.52bn, +39% YoY) and diversified financials (Rs.39bn, +112% YoY) underpinned a QoQ rebound, while food, beverage & tobacco and capital goods posted steep declines.

Sunshine Holdings supported a PRASL forum in Colombo where CIPR President-elect Farzana Baduel addressed leaders on reputation management and navigating online crises.

CSE ended mixed with the ASPI up 0.13% to 21,927.00 and the S&P SL20 down 0.05% to 6,011.31, on turnover of about Rs.2.56bn and foreign net selling of ~Rs.68.6m. Top positive contributors included DOCK, RICH, SAMP, JKH and CARG, while SFCL, SUN, RCL, LOLC and HHL were among decliners.

The CSE announced S&P SL20 rebalancing effective 22 December: four stocks were added (Access Engineering, People’s Leasing, Singer Sri Lanka, Sunshine Holdings) and five were removed (Ceylon Cold Stores, Chevron Lubricants Lanka, Commercial Bank Non-Voting, LOLC Finance, Royal Ceramics).

Access Engineering (AEL.N0000), Singer Sri Lanka (SINS.N0000) and Sunshine Holdings (SUN.N0000) were added to the S&P Sri Lanka 20 index effective 22 Dec 2025 (after the market close of 19 Dec 2025). The changes are from the S&P Dow Jones Indices 2025 year-end rebalance.

Sunshine Holdings (SUN.N0000) ran 'Unmask Diabetes 2025' free screenings across 10 Healthguard outlets in Colombo, reaching nearly 900 people on 14–15 November. The Suwa Diviya CSR drive offered free blood sugar and blood pressure tests plus consultations on diabetes prevention and management.

Colombo market rose for a fourth straight session: ASPI +0.16% (36.85 pts) to 22,459.28 and S&P SL20 +0.18% (11.09 pts) to 6,095.15. Turnover was Rs.5.55bn, foreigners were net sellers of Rs.150.5m, and top ASPI contributors were DOCK, CINS, CFIN, HHL and SUN.

Colombo Dockyard said the SEC approved Onomichi Dockyard to sell its entire shareholding to Mazagon Dock Shipbuilders after the company's rights issue, subject to a mandatory offer; DOCK closed at LKR234.25 (up LKR17.25). Speculative interest in construction-related stocks (eg. ACL, Swisstek) lifted the ASPI 0.16% and S&P SL20 0.18%.

Colombo stock market rose for a third straight session, gaining Rs.119.7 billion as the ASPI climbed 1.76% to 22,422.43; capital goods and materials led turnover, with JKH down to Rs.20.90 while DOCK, SIRA and AEL advanced.

AFC Asia Frontier Fund co-manager Ruchir Desai said Sri Lanka is now one of the fund’s top country picks, having raised allocation since November 2022, citing regained political and economic stability, undervalued equities (market ~11x earnings) and strong bank and consumer earnings.