Colombo, Sri Lanka – 19 August 2026 – GREENTECH ENERGY PLC (CSE: GTEN) today announced its unaudited interim financial statements for the three months ended 30th June 2026, revealing a significant year-on-year increase in profitability. The company, listed on the Diri Savi Board of the Colombo Stock Exchange (CSE), released its performance figures yesterday, 18th August 2026, showcasing robust operational growth.
Q1 2026 Performance Highlights:
The financial results demonstrate a strong start to the new fiscal year for Greentech Energy, with key indicators pointing towards an enhanced operational efficiency and revenue generation:
- Turnover: The company reported a turnover of Rs. 5,342,724 for the quarter, marking a healthy increase compared to Rs. 4,725,000 recorded in the corresponding period of the previous year (Q1 2025).
- Gross Profit: Gross profit surged to Rs. 2,829,185 from Rs. 2,184,250 in Q1 2025, reflecting improved margins.
- Profit From Operations: Greentech Energy saw its profit from operations rise to Rs. 1,280,238, up from Rs. 1,014,103 in the same quarter last year.
- Net Profit for the Period: The net profit for the three months ended 30th June 2026 stood at Rs. 1,280,238, a substantial improvement over the Rs. 1,014,103 reported in Q1 2025.
- Total Comprehensive Income: Total comprehensive income for the period also saw a notable increase, reaching Rs. 754,439 compared to Rs. 499,730 in the prior year.
- Earnings Per Share (EPS): Basic Earnings per Share remained stable at Rs. 0.01.
Financial Position Remains Stable:
As at 30th June 2026, Greentech Energy PLC’s financial position showed stability and marginal growth:
- Total Assets: Total assets marginally increased to Rs. 305,820,836 from Rs. 304,370,080 as at 31st March 2026.
- Shareholders’ Funds: Shareholders’ funds grew slightly to Rs. 292,321,389 from Rs. 291,566,950 at the end of the previous financial year.
- Net Assets Per Share: Net Assets Per Share remained consistent at Rs. 2.90.
Cash Flow Dynamics:
The cash flow statement indicated a reduction in cash outflow from operating activities, which is a positive sign. Net cash flows used in operating activities decreased to Rs. 261,924 for the quarter, a significant improvement from the Rs. 735,622 used in the corresponding period of the previous year. Net cash flows from investing activities amounted to Rs. 243,125.
Shareholder and Market Information:
Greentech Energy PLC continues to comply with the Minimum Public Holding requirements for companies listed on the Diri Savi Board of the CSE. As of 30th June 2026, the company’s public holding percentage stood at 44.11%, with 3,381 public shareholders and a float-adjusted market capitalization of Rs. 260.249 Million.
The largest shareholder remains Mackwoods (Pvt) Ltd, holding 53.06% of the company’s shares. Among the directors, Dr. C.N.A.Nonis holds 0.328% of the shares, while other directors and the CEO currently hold no shares.
During the quarter, the highest recorded market value per share was Rs. 7.70 on 24th April 2026, and the lowest was Rs. 5.80 on 25th June 2026. The last traded price as at 30th June 2026 was Rs. 5.90.
It is important to note that these interim financial statements are provisional and have not been audited.
Source: Read original document