EquityLK

Alpha Fire Services PLC

AFS.N0000

Property & Construction · Engineering & Construction

Rs 28.10
+0.36%
as of Aug 3, 2026
Price history
+51.08%
P/E
27.0
P/B
4.65
EPS
Rs 1.04
Div Yield
-
Market Cap
Rs 1.1B
Beta
-0.65
ROE
22.0%
Op Margin
9.0% (-9.7pp)

Annual fundamentals

YearRevenueNet profitEPS
2025Rs 416.3MRs 39.4M1.04
2024Rs 326.6MRs 24.6M0.65
2023Rs 289.7MRs 14.0M5.07

Recent dividends

  • 2024 · finalRs 0.15
  • 2024Rs 0.12

About Alpha Fire Services PLC

Alpha Fire Services PLC is a Sri Lanka–based provider of fire protection, detection and suppression systems, offering end-to-end solutions including project design, supply, installation and maintenance for large-scale and industrial clients. The Company holds CIDA EM1 (ICTAD) status and is ISO 9001:2015 certified. Its operations span turnkey project delivery, product supply and ongoing servicing, and it has recently expanded into consumer fire safety products for households and condominiums. Alpha Fire Services maintains an in-house technical team capable of delivering specialist solutions such as addressable alarm systems, operates facilities in Polgasowita, and is pursuing regional opportunities including projects in the Maldives. The Company serves both private and public sector clients and is developing a trading arm to broaden its supply role and diversify revenue streams.

Construction Activity
Peers
AELLUMX

AI analysis

neutral

AFS plans to acquire Icon Engineering to push group revenue above LKR 1 billion; but the latest quarter’s net profit fell 57.5%, making execution and margin repair the swing factors.

Read the full report (Jul 30, 2026) →

News sentiment

Describes news flow, not a forecast
Last 30 days
Positive news flow

5 articles in 30 days: 3 positive, 0 negative, 2 neutral.

24 months positive negative 3-month net
Jun 25: 9 articles, net +0.33Jul 25: 3 articles, net +0.33Aug 25: 5 articles, net +0.20Jul 26: 5 articles, net +0.60Aug 24Dec 24Apr 25Aug 25Dec 25Apr 26
Recent news
View all news →
Daily FT·Jul 14, 2026·M&A / stake changePositive
Alpha Fire to acquire Icon Engineering in Rs. 260 m share swap, eyes Rs. 1 b revenue milestone

Alpha Fire Services PLC will acquire 100% of Icon Engineering for Rs. 260 million via a share swap issuing 9,122,807 new Alpha Fire shares; the combined operations are expected to generate over Rs. 1 billion in revenue and raise profitability by 30%. The transaction is a related-party major transaction and is subject to CSE and shareholder approvals.

Construction ActivityExporters
EconomyNext·Jul 13, 2026·M&A / stake changePositive
Sri Lanka's Alpha Fire to buy Icon Engineering in Rs260mn share swap

Alpha Fire Services (AFS.N0000) will acquire Icon Engineering for Rs260 million in a share-swap, issuing 9,122,807 new shares valued at Rs28.50 each. The deal gives new investors a 19.38% stake, expands MEP/HVAC operations into the Maldives and is expected to boost group profitability ~30% and bring USD inflows.

Construction ActivityExporters
Daily FT·Oct 30, 2025·Management or board change
Menaka Athukorala joins Alpha Fire as new Chairman

Alpha Fire Services PLC appointed Menaka Athukorala as Non-Executive Chairman. He has over 30 years of experience in plantation management, renewable energy and corporate leadership.

Renewable EnergyTea & Plantation Crops

Property & Construction sector: what is happening

Last 30 days to Aug 4, 2026

Sri Lanka's construction PMI rose in June, signaling expansion, though firms cited skilled labor and bitumen shortages. Cabinet cleared procurement for Phase 1 of the Ruwanpura Expressway and approved 23 regional industrial projects. Treasury allowed repricing of state contracts to reflect higher costs. In property, high-end condos led Q1 sales while volumes fell.

The stories behind it

Auto-generated from 29 sector news articles over 30 days. Not investment advice. 2 more stories on the sentiment page.