Property & Construction · Real Estate Development
| Year | Revenue | Net profit | EPS |
|---|---|---|---|
| 2026 | Rs 235.9M | Rs 276.1M | 8.90 |
| 2025 | Rs 209.3M | Rs 262.8M | 8.48 |
| 2024 | Rs 181.5M | Rs 237.7M | 7.67 |
| 2023 | Rs 146.1M | Rs 101.5M | 3.27 |
| 2022 | Rs 133.6M | Rs 104.4M | 3.37 |
| 2021 | Rs 125.3M | Rs 116.1M | 3.75 |
| 2020 | Rs 141.3M | Rs 82.1M | 2.65 |
Equity Two PLC is a Colombo-based real estate company that owns and operates commercial properties in Sri Lanka, with a concentration of its assets within the high security zone in Colombo Fort. The company’s core activity is leasing office and commercial space, and during the period under review occupancy across its properties increased to 92%. The business manages its tenanted properties through comprehensive rent agreements with anchor tenants, regular building maintenance and periodic structural integrity evaluations. The company also maintains access to short-term financing facilities from its parent, Equity One Limited, and its ultimate parent, Carson Cumberbatch PLC, to support liquidity needs. Equity Two operates within Colombo’s commercial real estate market and is exposed to trends in office demand, competing modern office supply, and broader development activity in the city that can affect tenant mix and vacancy levels.
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Colombo Stock Exchange rose as the ASPI gained 0.72% (162.12 pts) to 22,746 and the S&P SL20 was up 0.51% to 6,244, with turnover of 2 billion rupees. Top contributors included John Keells, Melstacorp and Lanka Realty while DFCC and Carson Cumberbatch lagged; Equity Two declared a 4.41 rupee dividend.
Dividend · Rs 4.41 · XD May 14, 2026
First Interim dividend of LKR 4.41/share; XD 2026-05-14; record 2026-05-14; payable 2026-06-03; FY Ended 31st March 2026
Chinthaka Jayaweera was appointed Independent Non-Executive Director of Ceylon Guardian Investment Trust (GUAR.N0000) and Ceylon Investment PLC (CINV.N0000). He previously led internal audit at A.P. Moller Maersk and has held independent directorships at Bukit Darah, Carson Cumberbatch, Equity Two and Pegasus Hotels.
Chinthaka Jayaweera has joined the boards of Bukit Darah (BUKI.N0000), Carson Cumberbatch (CARS.N0000), Equity Two (ETWO.N0000) and Pegasus Hotels (PEG.N0000) as an Independent Non-Executive Director. He was VP and Chief Internal Audit Executive at A.P. Moller Maersk with 28 years' experience in governance, risk and finance.
Dividend · Rs 4.10 · XD Apr 25, 2025
First Interim dividend of LKR 4.1/share; XD 2025-04-25; record 2025-04-27; payable 2025-05-19; FY Ended 31st March 2025
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.
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