Colombo, 13 August 2026 – Anilana Hotels and Properties PLC (CSE: ANIL) has published its interim financial statements for the quarter ended 30th June 2026, revealing a significant reduction in its net loss compared to the corresponding period last year. While the company recorded improved financial performance in terms of loss containment, the absence of revenue from core operations and continued negative equity signal ongoing structural challenges within the hotel and properties developer.
Financial Performance Overview for Q1 2026
For the first quarter of the financial year 2026/2027, the Group reported a net loss of LKR 88.51 million. This marks a notable improvement from the substantial net loss of LKR 190.61 million recorded in the same quarter of the previous financial year (Q1 2025). The basic loss per share similarly improved, registering at LKR 0.07 for the quarter, down from LKR 0.15 a year ago.
A key observation from the financial statements is the reported absence of revenue from core operations for both the current quarter and the comparative period. This suggests that the company may not have had active hotel operations during these periods, or that its focus remains heavily on its “Developing Hotels and Properties” mandate.
The primary contributors to the continued loss included administrative expenses totaling LKR 32.62 million and net finance costs of LKR 55.88 million for the Group. A significant positive contribution came from a net gain of LKR 98.79 million on the disposal of assets, which helped mitigate the overall losses.
Balance Sheet Highlights
As of 30th June 2026, the Group’s total assets experienced a slight decrease, standing at LKR 2.46 billion, compared to LKR 2.48 billion at the end of the previous financial year on 31st March 2026.
The company’s equity position remained in a deficit. Group equity further deteriorated to a negative LKR 615.72 million from a deficit of LKR 527.20 million reported at 31st March 2026. Consequently, the net asset value per share for the Group was recorded at a negative LKR 0.48.
Shareholder Information and CSE Compliance
Anilana Hotels and Properties PLC confirmed its compliance with the Colombo Stock Exchange’s (CSE) minimum public holding requirements. As of 30th June 2026, the public holding percentage stood at 21.04%, spread among 2,175 shareholders. The float-adjusted market capitalization was reported as LKR 242,628,368.40, aligning with Option 2 of Rule 7.13.1 (i) (b) of the CSE Listing Rules.
Investor interest appears subdued, with the company explicitly stating “No Trading” activity for its shares during the first quarter of both the 2026/2027 and 2025/2026 financial years, indicating a lack of market liquidity for the stock.
SOMAP INTERNATIONAL PTE LTD (IN PROVISIONAL LIQUIDATION) remains the dominant shareholder, holding a significant 72.58% stake in the company. Director A.C. Seneviratne held a combined direct and indirect stake of 3.235%.
Outlook
Anilana Hotels and Properties PLC’s interim report paints a picture of a company in a transitional or restructuring phase. While the reduction in net loss is a positive development, the persistent lack of operational revenue and negative equity underscore the significant challenges ahead. The reliance on asset disposals for positive cash flow adjustments suggests strategic realignments or efforts to manage liquidity as the company continues its focus on property development.
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