Company filings and market news from across Sri Lanka's stock market.
Available evidence finds Sri Lanka's oil palm (≈10,400 ha, established on degraded/marginal low-country land, not via forest conversion) does not inherently cause greater soil degradation or erosion than tea, rubber or coconut when good management and organic-matter recycling are applied.
Sunshine Holdings reported consolidated FY26 revenue of Rs.65.9 billion, up 11.2% YoY. PAT was Rs.5.0 billion (down 2.5% YoY) as NMRA pricing cuts weighed on healthcare margins, and the group acquired a majority stake in Joint Agri Products Ceylon Ltd to bolster exports.
Sunshine Holdings (SUN) reported FY26 consolidated revenue of LKR 65.9bn, up 11.2% YoY, while PAT fell 2.5% to LKR 5.0bn and EBIT margins eased amid healthcare pricing pressure. The Group cited NMRA pricing cuts, acquired a majority stake in JAPC, and saw Watawala's palm oil revenue rise 23.6%.
Sri Lanka's ASPI rose 0.50% to 22,309.23 midday Friday, with turnover Rs.240.5m and capital goods leading turnover at Rs.94.3m. Top movers included Access Engineering, Aitken Spence (declared Rs.4 tax-exempt dividend), Hemas and Central Finance while SMB Finance, Watawala, John Keells and Windforce fell.
Colombo Stock Exchange ASPI rose 0.50% to 22,310.80, with diversified financials leading turnover at Rs.3.89bn and total turnover Rs.7.38bn. Aitken Spence reported Q1 profit of Rs.3.81bn and declared a tax-exempt Rs.4.00/share dividend; Aitken Spence Hotel Holdings declared a Rs.0.28/share tax-exempt dividend.
Dividend · Rs 0.80 · XD Jun 26, 2026
Final dividend of LKR 0.8/share; XD 2026-06-26; record 2026-06-29; payable 2026-07-16; FY ending 31st March 2026
CMA Sri Lanka launched national Cost Accounting Standards to strengthen costing, control and reporting across large and medium public and private institutions; the standards prioritize sectors including power, telecom, manufacturing, drugs and agricultural/tea exporters to improve efficiency, pricing transparency and competitiveness.
First Capital says listed plantation firms AGAL, KGAL, KOTA and HOPL are well positioned to benefit from rising rubber prices as rubber makes up about 15%+ of their revenue. Dipped Products and exporters may also gain from higher rubber prices and rupee depreciation, while Kelani Tyres could face margin pressure.
Colombo Stock Exchange closed higher Monday with the ASPI up 0.65% at 22,695.00 and turnover of 4.81 billion rupees, driven by buying in banking counters. Top contributors included NDB, Dialog, Melstacorp and Colombo Dockyard, while Ceylinco Insurance and Windforce were among decliners.
Colombo posted its biggest monthly gain since July 2025, with the ASPI up 7% and the S&P SL20 up 5.1% in April, with average daily turnover of Rs.3.66bn. Yesterday the indices fell (ASPI -0.38% to 22,550) on losses in John Keells, Sampath and Commercial Bank amid net foreign outflows of Rs.75mn.
The Palm Oil Industry Association said expanding local palm oil cultivation could cut import expenditure — Sri Lanka spent about Rs. 140,022 million on palm oil imports in 2025. POIA and industry experts (including Watawala Plantations) argued that 8,000 hectares identified for cultivation could boost domestic production, reduce FX pressure and support rural employment.
Colombo Stock Exchange ASPI fell 0.37% to 22,552.24 midday, with plantations (Watawala, Sunshine, Namunukula among others) leading gains while John Keells, Sampath and Commercial Bank weighed on the index. Market turnover was Rs2bn; Abans Finance completed a debenture issue to raise Rs1.33bn.
Watawala Plantations and regional plantation companies are preparing to expand palm oil cultivation if the seven-year ban is lifted after a Plantations Ministry expert committee found no basis for the environmental or health concerns. Industry says private investors had committed about Rs.500m to expand 8,000 ha before the ban.
Colombo Stock Exchange closed lower with the ASPI down 0.38% to 22,549.53 and market turnover at 3.44 billion rupees; capital goods led turnover (984.6 million). Lion Brewery and Watawala Plantations were top positive contributors while Dialog Axiata, John Keells and Commercial Bank were top negatives; Brent rose above $113.
The Planters’ Association urged a sustainable electricity tariff framework as the CEB has proposed a 13.6% tariff hike for Q2 2026, warning it would raise production costs for tea and rubber processors and hurt export competitiveness. Plantation companies (eg. Talawakelle) are increasingly investing in solar, mini‑hydro and efficiency measures to reduce grid dependence.
Gulf escalation and shipping disruptions have hit Sri Lanka's tourism, tea and apparel sectors, pulling the bourse down 12.7% through March 20; plantation and apparel stocks plunged (Namunukula -30.6%, Agalawatte -22%, Teejay Lanka -20.6%) while Sunshine benefits from higher palm oil prices.
MullenLowe Group Sri Lanka retained Effie Agency of the Year for 2025 (third consecutive), winning 21 accolades including one Gold and three Silver awards; Watawala Tea was among the clients recognised.
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.
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.
Ceylon tea prices fell over two weeks due to buying disruptions from Iran, though High Growns recovered some losses on the second day. Rupee depreciation supported LKR prices and there was demand from markets like Russia and Dubai.
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.
TikTok released Sri Lanka's top searches for 2025, highlighting travel and cultural trends and naming a Watawala Tea advertisement among the year's notable moments.
Sunshine Holdings PLC reported consolidated revenue of Rs. 32.3 billion in 1H FY26, up 7.4% YoY, and group EBIT rose 18.6% to Rs. 5.5 billion with gross margin expanding to 31.9%. Healthcare remained the largest revenue contributor while Agribusiness (Watawala Plantations) saw revenue up 21.9% and sharply improved margins.
Sunshine Holdings reported consolidated 1HFY26 revenue of LKR 32.3bn, up 7.4% YoY, and group EBIT rose 18.6% to LKR 5.5bn. Healthcare contributed 53.7% of revenue; agribusiness (Watawala) revenue rose 21.9%, and gross profit margin expanded 153bps to 31.9%.
Dividend · Rs 1.70 · XD Nov 14, 2025
First Interim dividend of LKR 1.7/share; XD 2025-11-14; record 2025-11-16; payable 2025-12-03; FY 31st March 2026