Power & Energy · Oil Refining/Marketing
| Year | Revenue | Net profit | EPS |
|---|---|---|---|
| 2026 | Rs 280.7B | Rs 10.6B | 19.84 |
| 2025 | Rs 276.3B | Rs 11.1B | 20.94 |
| 2024 | Rs 263.6B | Rs 13.9B | 26.19 |
| 2023 | Rs 281.5B | Rs 37.7B | 70.79 |
| 2022 | Rs 90.0B | Rs 4.8B | 9.05 |
| 2021 | Rs 66.7B | Rs 882.6M | 1.66 |
| 2020 | Rs 81.9B | Rs 421.8M | 0.79 |
Lanka IOC PLC imports, sells and distributes petroleum products in Sri Lanka and operates a nationwide retail fuel network. The company supplies motor fuels via its retail outlets, provides bunkering services to vessels, markets lubricants under the SERVO brand, and trades petrochemical products and bitumen. Lanka IOC leverages the parent company IOC’s formulations, procurement and R&D support, and pursues retail upgrades (dispensing automation, digital payments, loyalty solutions), new premium fuels (XP100) and sustainability initiatives such as solarization and EV charging at outlets. Its operations are focused on serving Sri Lanka’s energy needs across retail, industrial and marine customers while engaging in corporate and community initiatives locally.
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Generate an analysis →Higher than 67% of its last 9 months · 2 of 3 in its sector
3 articles in 30 days: 2 positive, 0 negative, 1 neutral.
Sri Lanka cut fuel prices effective June 30: Auto Diesel down Rs25 to Rs382/litre and Octane 92 down Rs20 to Rs414. Prices had risen sharply since Feb, driving up transport and grocery costs and pressuring retailers and logistics.
Dividend · Rs 5.00 · XD Jul 10, 2026
First And Final dividend of LKR 5/share; XD 2026-07-10; record 2026-07-12; payable 2026-07-30; FY 2025/2026
Cabinet approved Rs. 827 million in lubricating oil contracts for the Sapugaskanda Power Plant, awarding Rs. 392.47m (316,000 litres) to Lanka IOC and Rs. 434.86m (304,000 litres) to Chevron Lubricants to cover 2026/27 operational requirements.
FTZMA met the BOI to press for extending VAT exemptions/zero-rating to indirect/deemed exporters to avoid 18% VAT on locally sourced raw materials. They also raised diesel price disparity between CPC and LIOC, proposed fuel sheds, and noted BOI will retain import/export services while recruiting staff.
Dividend · Rs 5.00
First And Final dividend of LKR 5/share; FY 2025-26
Fuel dealers accuse the Ceylon Petroleum Corporation of unlawfully cutting dealer margins and question CPC’s reported Rs. 36.4 billion profit for 2025. CPC raised retail fuel prices from 1 May (auto diesel +Rs10 to Rs.392; super diesel +Rs15 to Rs.458; petrol 92 +Rs12 to Rs.410; petrol 95 +Rs15 to Rs.470; kerosene +Rs10 to Rs.265) and Lanka IOC said it revised its prices in line.
LAUGFS Gas (LGL.N0000) raised the 12.5 kg LPG cylinder price by Rs. 1,070 to Rs. 5,700; Litro raised the 12.5 kg price by Rs. 775 to Rs. 4,765. Both firms cited surging international LPG and freight costs and said shipments in transit will secure supply.
Lanka IOC revised fuel prices from midnight on 21 March in line with CPC's changes, raising Super Diesel by Rs.90 to Rs.443 and Octane 95 by Rs.90 to Rs.455. The adjustments follow wider supplier increases amid Middle East tensions that have pushed diesel up about 35%.
Lanka IOC's Lanka OIC unit (LIOC.N0000) is part of the India–UAE–Sri Lanka tripartite plan to renovate the Trincomalee oil tank farm to expand storage; Sri Lanka has allocated about Rs.32 billion over 3 years and aims to raise storage from ~25–35 days to ~60 days.
Motorists reported continued registration problems with the government's National Fuel Pass and long queues as QR-code distribution resumed. A 35,000-tonne fuel shipment arrived; CPC said Lanka IOC placed 204 orders.
Sri Lanka advanced renewables, launching a 250 MW/1000 MWh battery storage tender and clearing funding to integrate rooftop solar and virtual net metering. The government also advanced grid and storage projects and named Delft, Analaitivu and Nainativu as Green Energy Islands. Business groups pressed for policy, grid and pricing reforms. Fuel prices were held steady as CPC absorbed diesel losses.
Auto-generated from 19 sector news articles over 30 days. Not investment advice. 2 more stories on the sentiment page.