Aitken Spence PLC, a company with a rich history spanning over 157 years, continues to excel across various sectors including tourism, maritime and freight logistics, strategic investments, and services. For the nine-month period ending December 31, 2025, the Group reported a revenue of Rs. 67 billion, highlighting strong performance across its diverse portfolio. The Tourism sector was a major contributor, accounting for 68% of the Group’s revenue, while the Maritime & Freight Logistics sector and Strategic Investments sector contributed 18% and 12%, respectively. Revenue for the third quarter also saw a 3.8% increase, indicating steady performance across key sectors.
The Group achieved a total Profit Before Tax (PBT) of Rs. 5.6 billion for the nine months ending December 31, 2025, compared to Rs. 4.3 billion in the same period the previous year, marking a 30% growth. Similarly, the Group’s Profit After Tax rose by 42% to Rs. 3.4 billion.
Sectoral Performance
The Tourism sector showed significant improvement, reporting a PBT of Rs. 2.0 billion for the nine-month period ending December 2025. This success was largely driven by the recovering tourism industry in Sri Lanka, along with improved profitability at the Group’s Maldivian resorts and enhanced operations in India and Oman.
The Maritime & Freight Logistics sector emerged as the largest contributor to PBT during this period, posting a PBT of Rs. 3.3 billion. However, the sector faced challenges due to lower volumes and margin pressures, especially in overseas freight and airline operations. This led to a reduced contribution from the sector’s equity-accounted investee.
In the Strategic Investments sector, the printing and plantations segments performed exceptionally well despite challenging market conditions, while the power generation segment maintained steady performance, benefiting notably from Waste-to-Energy and renewable power operations. However, the apparel manufacturing segment incurred significant losses, resulting in a PBT loss of Rs. 652 million for the sector.
The Services sector experienced robust growth, driven primarily by the expansion of operations at Port City BPO, the Group’s most recent investment. This was further supported by improved performance in the Group’s elevators segment, leading to a PBT of Rs. 843 million, up from Rs. 114 million in the same period the previous year.
During this period, Aitken Spence PLC achieved several milestones: It became the first and only diversified holdings company in Sri Lanka to have its climate targets validated by the Science Based Targets Initiative (SBTi). Additionally, Aitken Spence collaborated with the Sri Lanka Air Force on the “Clean Today – Green Tomorrow” initiative, commemorating the Air Force’s 75th anniversary and World Environmental Education Day. This initiative promotes sustainability within camps and surrounding communities while advancing several UN Sustainable Development Goals.
Listed on the Colombo Stock Exchange since 1983, Aitken Spence PLC is supported by a legacy of excellence that spans over 150 years. The company employs more than 16,500 individuals across 17 industries in 12 countries, including Sri Lanka, Maldives, Fiji, India, Oman, Bangladesh, Mozambique, Singapore, and the UAE.
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Ms. Stasshani Jayawardena, Chairman / Chairperson, Aitken Spence PLC
Dr. Parakrama Dissanayake, Deputy Chairman and Managing Director, Aitken Spence PLC
