Colombo, 13 August 2026 – Bogawantalawa Tea Estates PLC (BTE PLC), a prominent player in Sri Lanka’s plantation sector, today announced a remarkable financial performance for the quarter ended 30th June 2026. The company reported a substantial 129% increase in profit for the period, alongside robust growth in revenue and gross profit, underscoring a strong start to the new financial year.
Strong Profitability and Revenue Growth
According to its interim financial statements, approved by the Board of Directors on 13th August 2026, BOGAWANTALAWA TEA ESTATES PLC recorded a profit of LKR 351,631 thousand for the three months ended 30th June 2026. This is a significant jump from the LKR 153,851 thousand reported in the corresponding period of 2025, demonstrating impressive growth.
Key highlights from the Statement of Comprehensive Income (all values in LKR thousands unless otherwise stated):
- Revenue: Grew by 4% to LKR 1,440,870 thousand in Q1 2026, up from LKR 1,382,211 thousand in Q1 2025.
- Gross Profit: Surged by 70% to LKR 369,673 thousand, compared to LKR 217,801 thousand in the prior year’s first quarter.
- Profit Before Taxation: Witnessed an impressive 155% increase, reaching LKR 391,928 thousand from LKR 153,851 thousand in Q1 2025.
- Basic Earnings Per Share: Rose by 129% to LKR 4.20 for the quarter, significantly higher than LKR 1.84 recorded in Q1 2025.
Financial Position Remains Robust
The company’s Statement of Financial Position as at 30th June 2026 also reflects a healthy financial standing. Total assets increased to LKR 10,257,248 thousand, up from LKR 9,615,087 thousand as at 31st March 2026, and LKR 9,402,610 thousand as at 30th June 2025. Total equity stood at LKR 4,786,610 thousand, a rise from LKR 4,434,979 thousand at the end of the previous quarter.
Net assets per share improved to LKR 57.15, compared to LKR 52.95 as at 31st March 2026 and LKR 50.40 as at 30th June 2025, indicating enhanced shareholder value.
Operational Performance and Segmental Contribution
The segmental analysis reveals that the Agriculture segment, comprising Tea, Oil Palm, and Rubber, continues to be the primary driver of the company’s performance. The Tea segment recorded revenue of LKR 1,340,556 thousand and a profit before taxation of LKR 367,903 thousand for the quarter, showcasing its dominance. The Oil Palm segment also contributed positively with LKR 100,314 thousand in revenue and LKR 56,913 thousand in profit before taxation.
Cash Flow and Debenture Utilisation
Cash generated from operations stood at LKR 305,821 thousand for the quarter ended 30th June 2026. The company has also made significant progress in utilising its debenture proceeds. As at 30th June 2026, the initial contribution to the Sinking Fund and settlement of high-cost debt were 100% utilised. Field development activities saw 63% utilisation, while factory development was at 5% utilisation.
Investor Insights
As at 30th June 2026, the percentage of shares held by the public was 10.13%, represented by 18,338 shareholders. The last traded price of Bogawantalawa Tea Estates PLC shares on the Colombo Stock Exchange was LKR 68.80, with a float-adjusted market capitalization of LKR 584,751,200.
These unaudited interim financial statements for the first quarter of the 2026/27 financial year highlight Bogawantalawa Tea Estates PLC’s strong operational capabilities and strategic focus, positioning it for continued growth in the competitive Sri Lankan plantation sector.
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