Colombo, Sri Lanka – 17 August 2026 – The CAL FIVE YEAR CLOSED END FUND (“Units”), managed by Capital Alliance Investments Limited, has released its interim financial statements for the quarter ended 30th June 2026. The announcement reveals a quarter-on-quarter growth in Net Asset Value (NAV) per unit, reflecting underlying asset appreciation, even as the fund recorded a decrease in net profit for the period compared to the previous year.
The fund’s Net Asset Value (NAV) per unit showcased a positive trajectory, rising to Rs. 11.9987 as at 30th June 2026, an increase from Rs. 11.6947 reported at the end of the previous financial year on 31st March 2026. This indicates a healthy growth in the value of the fund’s underlying assets during the quarter.
Financial Performance Overview
For the quarter ended 30th June 2026, the CAL FIVE YEAR CLOSED END FUND reported a net profit after tax of Rs. 278,130,521. This figure represents a decline when compared to the Rs. 330,036,042 recorded in the corresponding quarter of the previous year (30th June 2025). The earnings per unit (EPU) also reflected this adjustment, standing at Rs. 0.30 for the quarter, down from Rs. 0.50 a year prior.
A closer look at the fund’s income streams reveals the dynamics behind this change:
- Total Investment Income: Decreased to Rs. 315,220,975 for Q2 2026, from Rs. 364,183,320 in Q2 2025.
- Interest Income: Showed a slight increase, reaching Rs. 241,594,828 in Q2 2026 compared to Rs. 240,115,464 in Q2 2025, primarily driven by higher interest income from treasury bonds, treasury bills/bonds repurchase agreements, fixed deposits, and trust certificates.
- Gain on financial assets at fair value through profit or loss: Experienced a significant reduction, contributing Rs. 73,626,147 in Q2 2026, a notable drop from Rs. 124,067,856 in the same quarter last year. This change was largely attributed to treasury bonds and unit trust investments.
Despite the dip in investment income, total operating expenses saw a moderate increase to Rs. 37,109,071 from Rs. 34,365,750 in the prior year’s corresponding quarter, mainly due to higher management and trustee fees.
Strengthening Financial Position
The fund’s Statement of Financial Position as at 30th June 2026 indicates a robust asset base and a healthy growth in unitholders’ equity. Total assets stood at Rs. 10,987,773,196, up from Rs. 10,712,065,682 as at 31st March 2026. Net assets attributable to unitholders also increased to Rs. 10,977,449,897 from Rs. 10,699,319,376 over the same period.
Key movements in the asset portfolio include:
- A substantial increase in Financial Assets at Fair Value through Profit or Loss to Rs. 2,706,059,968 from Rs. 430,205,630, primarily driven by new investments in Treasury Bonds.
- A reallocation within Financial Assets at Amortised Cost, which decreased overall from Rs. 10,281,184,044 to Rs. 8,281,209,700. This included a significant reduction in treasury bills/bonds repurchase agreements but an increase in debentures, trust certificates, and fixed deposits.
Unitholders’ Fund and Market Performance
The total comprehensive income for the period directly contributed to an increase in net assets attributable to unitholders, with the fund closing the quarter at Rs. 10,977,449,897, up from Rs. 10,699,319,376 at the start of the quarter on 1st April 2026.
In terms of market performance, the market price per unit of the CAL FIVE YEAR CLOSED END FUND was Rs. 13.80 as at 30th June 2026. During the quarter, the highest price per unit reached Rs. 14.00, while the lowest was Rs. 12.50.
This interim report provides unitholders with a comprehensive insight into the fund’s financial health and strategic asset allocations for the second quarter of the financial year.
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