Sri Lanka's Hayleys PLC delivered a 136.6 percent increase in quarterly profit to 3.57 billion rupees for the period ending June 30, 2026, driven by robust revenue growth across its business segments.
Hayleys PLC announced significantly improved financial results for the second quarter of 2026, with net profit reaching 3.57 billion rupees compared to the prior year's corresponding quarter. The company's earnings per share climbed to 4.56 rupees from 2.01 rupees, reflecting the substantial improvement in bottom-line performance. Earnings from continuing operations alone reached 5.07 rupees per share during the three-month period.
The conglomerate's topline performance was equally encouraging, with group revenue expanding 38 percent to 179.32 billion rupees. The Consumer & Retail segment emerged as the primary growth driver, generating 49.22 billion rupees in external revenue, while the Transportation & Logistics division contributed 42.88 billion rupees. Operating profit from core activities surged 53 percent to 14.02 billion rupees, indicating improved operational efficiency across the business.
However, rising finance costs tempered the overall earnings growth. Net finance expenses climbed 31 percent to 3.64 billion rupees during the quarter, pressuring profitability despite strong operational gains. Additionally, the group recognized a 403.40 million rupee loss after tax from its discontinued Maldives luxury resort operations. During the period, Hayleys strengthened its capital base through a 9 billion rupee Rights Issue and bolstered its maritime and logistics capabilities through acquisitions by its subsidiary, Hayleys Advantis Limited.
Cash flow dynamics showed a net decrease in cash and cash equivalents of 16.98 billion rupees for the quarter, influenced by modest negative cash from operations and substantial capital investments totaling 17.92 billion rupees in property, plant, and equipment.
