In the December 2025 quarter, Sri Lanka’s Hayleys Plc, a diversified conglomerate engaged in export, manufacturing, retail, logistics, leisure, and energy sectors, experienced a 9 percent decline in profits, amounting to nearly 4 billion rupees compared to the previous year, as revealed by interim financial statements.
The group’s earnings per share for the quarter stood at 5.32 rupees. This decline in profit was primarily attributed to a significant increase in other income during the same quarter of the previous year. The other income for the period decreased by 61 percent, totaling 1.05 billion rupees.
Despite the profit decline, Hayleys reported a 19 percent increase in group revenues, reaching 151.8 billion rupees, while the cost of sales rose by 20 percent to 114.2 billion rupees. The direct interest cost saw a substantial increase of 66 percent, reaching 1.7 billion rupees. Gross profits for the quarter rose by 14 percent, totaling 36 billion rupees.
The consumer and retail sector contributed significantly to Hayleys’ net profit for the nine months ending in December, followed by the transportation and logistics sectors. During this nine-month period, the company’s earnings amounted to 10.52 rupees per share, with total profits of 7.9 billion rupees, reflecting a 4 percent growth.
In corporate developments, Hayleys concluded its mandatory offer to acquire the remaining shares of Harischandra Mills on December 30th. The offer received minimal response from shareholders, resulting in the acquisition of only 1,080 shares, equivalent to 0.06 percent.
On Friday, Hayleys’ stock closed at 238.75 rupees, reflecting a slight decrease of 0.21 percent. (Colombo/February 14/2026)
