Colombo, Sri Lanka – 13 August 2026 – SIGIRIYA VILLAGE HOTELS PLC (CSE: SIGV) has announced its interim financial statements for the first quarter of the financial year 2026/27, ending 30th June 2026. The hotel sector entity reported a significant net loss and a notable decline in revenue compared to the corresponding period last year, signalling a challenging operational environment.
The announcement, made to the Colombo Stock Exchange (CSE) on 12th August 2026, reveals a difficult quarter for the hospitality company, which saw its top-line performance weaken and operational expenses surge, leading to a substantial impact on its profitability.
Financial Performance Overview (Q1 ended 30th June 2026)
SIGIRIYA VILLAGE HOTELS PLC reported a considerable downturn in its financial performance:
- Revenue: The company recorded revenue of Rs. 96.256 million for the quarter, an 8% decrease from Rs. 104.228 million reported in the same quarter of the previous year (Q1 2025).
- Gross Profit: Mirroring the revenue decline, gross profit fell by 8% to Rs. 59.446 million, down from Rs. 64.672 million in Q1 2025.
- Administrative & Operating Expenses: A substantial increase was observed in administrative and operating expenses, which rose by 33% to Rs. 91.445 million from Rs. 68.807 million in the prior year.
- Promotional & Marketing Expenses: These expenses also saw a sharp increase of 144%, reaching Rs. 2.852 million compared to Rs. 1.171 million in Q1 2025, indicating increased efforts in a competitive market.
- Profit from Operating Activities: The combination of declining revenue and rising costs led to a significant swing from a profit of Rs. 4.039 million in Q1 2025 to an operating loss of Rs. 34.849 million in the current quarter, a staggering 963% decline.
- Net Loss for the Period: SIGIRIYA VILLAGE HOTELS PLC posted a net loss of Rs. 40.296 million for the three months ended 30th June 2026, a substantial increase from the net loss of Rs. 2.226 million recorded in the corresponding period of the previous year.
- Earnings Per Share (EPS): The negative financial performance translated into a loss per share of Rs. (0.45) for the quarter, worsening from a loss per share of Rs. (0.25) in Q1 2025.
Statement of Financial Position
As of 30th June 2026, the company’s total assets stood at Rs. 1,149.937 million, a slight increase from Rs. 1,133.799 million as of 31st March 2026. However, total equity decreased to Rs. 682.811 million from Rs. 722.757 million over the same period, reflecting the impact of the quarter’s losses. Net Assets Per Share also decreased to Rs. 7.59 from Rs. 8.03 at the previous financial year-end.
Market Performance
The company’s share performance during the quarter also reflected broader market dynamics and investor sentiment. The highest traded price for SIGIRIYA VILLAGE HOTELS PLC shares was Rs. 17.00, while the lowest was Rs. 13.00. The last traded price as of 30th June 2026 was Rs. 14.10. These figures represent a significant year-on-year decline when compared to Q1 2025, which saw a high of Rs. 109.75 and a last traded price of Rs. 100.25.
Shareholder Structure
As of 30th June 2026, the public holding of SIGIRIYA VILLAGE HOTELS PLC was 33.82% with 2,284 public shareholders. The Float Adjusted Market Capitalization was Rs. 432,219,600.00. Colombo Fort Hotels Limited remains the largest shareholder with a 51.00% stake, holding 45,902,740 shares.
The company continues to operate from its registered office at 8-5/2, Leyden Bastian Road, York Arcade Building, Colombo – 01. No material events subsequent to the interim period requiring disclosure were reported.
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