John Keells Holdings Plc · CSELK:JKH.N0000
John Keells — Q3 2025/26 Earnings Presentation
29 slides from John Keells's earnings presentation, Jan 29, 2026
Slide 1: JKH Investor Presentation: Review of Q3 2025/26
JKH Investor Presentation Review of Q3 2025/26 29 January 2026 Version 2.0
Slide 2: EBITDA: For the quarter ended 31 December
EBITDA: For the quarter ended 31 December EBITDA* Q3 2025/26 Q3 2024/25 Variance Variance (%) (Rs. Million) Transportation 2,037 1,642 395 24 Consumer Foods 1,420 1,306 114 9 Retail 7,715 2,898 4,817 166 John Keells CG Auto (JKCG) 4,126 (71) 4,197 5,911 Supermarkets and John Keells Office Automation
Slide 3: EBITDA: For the nine months ended 31 December
EBITDA: For the nine months ended 31 December EBITDA* YTD 2025/26 YTD 2024/25 Variance Variance (%) (Rs. Million) Transportation 5,521 5,179 342 7 Consumer Foods 4,380 4,410 (30) (1) Retail 25,147 7,534 17,613 234 JKCG 16,173 (123) 16,296 13,249 Supermarkets and JKOA 8,974 7,657 1,317 17 Leisure 6,2
Slide 4: Quarterly EBITDA movement
Quarterly EBITDA movement EBITDA 2024/25 2025/26 (Rs. Million) Q3 Q4 Q1 Q2 Q3 Transportation 1,642 2,139 1,551 1,933 2,037 Consumer Foods 1,306 2,293 1,255 1,705 1,420 Retail 2,898 3,415 7322 10,109 7,715 JKCG (71) (57) 4,584 7,463 4,126 Supermarkets and JKOA 2,969 3,472 2,738 2,646 3,589 Leisure 1,
Slide 5: Quarterly movement of finance costs
Quarterly movement of finance costs Finance Costs 2025/26 2024/25 (Rs. Million) Q3 Q2 Q1 Q4 Q3 Transportation 133 128 129 131 155 Consumer Foods 116 106 101 101 89 Retail 1,041 1,083 996 642 506 Leisure 3,339 2,600 2,521 1,768 1,705 Property 15 14 15 17 22 Financial Services - - - 1 - Other, incl. I
Slide 6: PBT: For the quarter ended 31 December
PBT: For the quarter ended 31 December PBT Q3 2025/26 Q3 2024/25 Variance Variance (%) (Rs. Million) Transportation 1,845 1,401 444 32 Consumer Foods 908 846 62 7 Retail 5,565 1,532 4,033 263 JKCG 3,584 (71) 3,655 5,148 Supermarkets and JKOA 1,981 1,603 378 24 Leisure (1,131) (2,178) 1,047 48 CODSL
Slide 7: PAT attributable: For the quarter ended 31 December
PAT attributable: For the quarter ended 31 December PAT attributable Q3 2025/26 Q3 2024/25 Variance Variance (%) (Rs. Million) Transportation 1,811 1,391 420 30 Consumer Foods 544 504 40 8 Retail 2,468 912 1,556 171 JKCG 1,283 (35) 1,318 3,766 Supermarkets and JKOA 1,185 947 238 25 Leisure (1,641) (
Slide 8: Key financial indicators
Key financial indicators (Rs. Million) Q3 2025/26 Q2 2025/26 Q1 2025/26 Group: Total debt excl. leases 232,995 233,113 225,319 Cash and cash equivalents 93,976 96,593 98,806 Net debt excl. leases 139,020 136,520 126,513 Net debt excl. leases/Equity (%) 32.0 32.3 30.2 EBITDA 23,763 18,356 12,974 Grou
Slide 9: Overview of ESG initiatives
Overview of ESG initiatives ▪ The Group and its employees supported Cyclone Ditwah relief efforts through multiple initiatives, including a significant contribution of Rs.500 million from John Keells Holdings PLC and its affiliate companies to the Government’s Rebuilding Sri Lanka initiative. ▪ Duri
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Slide 11: West Container Terminal at the Port of Colombo
West Container Terminal at the Port of Colombo ▪ CWIT recorded strong month-on-month throughput growth, supported by an improved volume mix that contributed positively to profitability. ▪ The business reported a positive profit after tax (PAT), ahead of expectations, despite depreciation and phase 1
Slide 12: Transportation: Port of Colombo
Transportation: Port of Colombo Port of Colombo Port of Colombo Volumes 900 828 845 808 799 800 800 700 640 620 619 593 600 535 551 TEU'S 000 505 508 523 500 413 400 361 300 200 263 100 90 0 Q3 Q4 Q1 Q2 Q3 2025/26 SAGT SLPA CICT CWIT *SLPA includes volumes of JCT and ECT terminals 12
Slide 13: Transportation: Q3 2025/26
Transportation: Q3 2025/26 Port Businesses Q3 Earnings Update: South Asia 2024/25 2025/26 Gateway Q3 Q3 (Rs. mn) Terminals (SAGT) Q3 Q4 Q1 Q2 Q3 2025/26 2024/25 Volumes (TEUs) 535,098 504,790 508,170 523,108 412,867 EBITDA 2,037 1,642 Domestic: Transshipment 12:88 14:86 10:90 10:90 12:88 ▪ The incre
Slide 14: Consumer Foods: Q3 2025/26
Consumer Foods: Q3 2025/26 Q3 Earnings Update: Key performance 2024/25 2025/26 indicators (%) Q3 Q3 Q3 Q4 Q1 Q2 Q3 (Rs. mn) 2025/26 2024/25 Volume growth: EBITDA 1,420 1,306 Confectionery 32 10 3 14 2 Beverages (CSD) 28 16 (10) 12 17 ▪ Growth in profitability was driven by the Beverages business, su
Slide 15: Beverages and Confectionery: EBITDA margin analysis
Beverages and Confectionery: EBITDA margin analysis CSD volumes (indexed) Confectionery volumes (indexed) 120 160 100 120 80 60 80 40 40 20 0 0 2017/182018/192019/202020/212021/222022/232023/242024/252025/26 2017/182018/192019/202020/212021/222022/232023/242024/252025/26 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 25%
Slide 16: Retail: Q3 2025/26
Retail: Q3 2025/26 Supermarket business: Q3 Earnings Update: Key performance 2024/25 2025/26 indicators (%) Q3 Q3 Q3 Q4 Q1 Q2 Q3 (Rs. mn) 2025/26 2024/25 Same store sales growth 10.3 16.5 13.9 13.8 14.3* EBITDA 7,715 2,898 (net) Same store footfall growth 14.2 19.1 16.6 19.3 13.2* ▪ The substantial
Slide 17: Supermarket EBITDA margins and electricity cost impact
Supermarket business EBITDA margins and electricity cost impact EBITDA and electricity cost Recurring Electricity EBITDA cost (as a % 3,500 2,500 margin (%) of revenue) Q1 7.6 1.8 3,000 Q2 6.9 2.2 2,000 Electricity cost (Rs. million) 2022/23 Q3 7.7 1.9 EBITDA (Rs. millions) 2,500 Q4 7.7 2.4 1,500 2,
Slide 18: Retail: Q3 2025/26 vs Q3 2024/25
Retail: Q3 2025/26 vs Q3 2024/25 Same Store Same Store ABV Sales Footfall 0.6% 14.3% 13.2% Q3 2024/25: Q3 2024/25: Q3 2024/25: ▪ Increase in revenue on account of ▪ Customer count increased driven by initiatives ▪ December 2024 NCPI (YoY): (2.0)%. seasonal sales in December and to attract new custom
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Slide 20: Retail: New Energy Vehicles business
Retail: Q3 2025/26 New Energy Vehicles business: ▪ Despite the ongoing Sri Lanka Customs dispute and the normalisation 2025/26 of pent-up demand, JKCG recorded a strong performance during the Q1 Q2 Q3 quarter. Number of NEV sold 2,307 3,705 1,935 ▪ JKCG has a very healthy order pipeline with over 3,
Slide 21: Tourist arrivals to Sri Lanka: recovery trend post-pandemic
Tourist arrivals to Sri Lanka: recovery trend post-pandemic Sri Lanka - Monthly Tourist Arrivals 280 Month 2018 2024 2025 2026 240 Jan 238,924 208,253 252,761 223,645* Feb 235,618 218,350 240,217 200 Mar 233,382 209,181 229,298 Apr 180,429 148,867 174,608 Arrivals ('000) 160 May 129,466 112,128 132,
Slide 22: Tourist arrivals to the Maldives: recovery trend post-pandemic
Tourist arrivals to the Maldives: recovery trend post-pandemic The Maldives - Monthly Tourist Arrivals 240 Month 2019 2024 2025 2026 Jan 151,552 192,385 214,863 193,536* 200 Feb 168,583 217,392 214,091 Mar 162,843 194,227 203,468 160 Apr 163,114 168,366 198,322 Arrivals ('000) May 103,022 119,875 13
Slide 23: Comparison of outbound travel – China and India
Comparison of outbound travel – China and India 180 160 155 140 Number of departures (millions) 120 100 2007 - India GDP Per Capita - USD 1,023 80 Outbound travel - 9.8 million 60 2000 - China GDP Per Capita - USD 959 Outbound travel - 40 10.5 million 27 20 10 4 - 2000 2001 2002 2003 2004 2005 2006
Slide 24: Leisure: Q3 2025/26
Leisure: Q3 2025/26 Q3 Earnings Update: 2024/25 2025/26 Key indicators Q3 Q3 Q3 Q4 Q1 Q2 Q3 (Rs. mn) 2025/26 2024/25 Colombo Hotels* EBITDA 5,023 1,151 Occupancy (%) 66 77 60 73 78 EBITDA 3,588 2,718 ARR (USD) 78 75 71 72 73 excl. CODSL EBITDA Margin (%) 13 22 4 13 15 ▪ Sri Lankan Resorts segment re
Slide 25: City of Dreams Sri Lanka
City of Dreams Sri Lanka ▪ City of Dreams Sri Lanka recorded a positive EBITDA for the first time since commencing operations, with an EBITDA of Rs.1.43 billion, which includes fair value gains on investment property amounting to Rs.606 million. ▪ Month-on-month improvements in occupancy levels indi
Slide 26: Leisure: City of Dreams Sri Lanka indicators
Leisure: Q3 2025/26 City of Dreams Sri Lanka: 2025/26 Key indicators Q1* Q2* Q3 Hotel (800 rooms) Occupancy (%) 24 35 45 ARR (USD) 99 106 116 EBITDA Margin (%) (56) 3 10 *Only For 687 rooms at Cinnamon Life hotel. Rs. Million Q3 2024/25 Q4 2024/25 Q1 2025/26 Q2 2025/26 Q3 2025/26 EBITDA (1,567) (1,2
Slide 27: Property: Q3 2025/26
Property: Q3 2025/26 Cumulative sales update as at 31 December 2025: Q3 Earnings Update: Number of units Number of Percentage sold remaining units Sold (%) Q3 Q3 (Rs. mn) 2025/26 2024/25 Cinnamon Life: EBITDA 1,575 838 The Residence at Cinnamon Life 183 48 79 The Suites at Cinnamon Life 136 60 69 ▪
Slide 28: Financial Services: Q3 2025/26
Financial Services: Q3 2025/26 Union Assurance PLC (UA): Q3 Earnings Update: Q2 Q3 Q4 Q1 Q2 Key performance 2024/25 2024/25 2024/25 2025/26 2025/26 Q3 Q3 indicators (%) (Jul-Sep (Oct-Dec (Jan-Mar (Apr-Jun (Jul-Sep (Rs. mn) 2024/25 2025/26 2024) 2024) 2025) 2025) 2025) EBITDA 5,083 5,035 GWP growth 1
Slide 29: Thank You
THANK YOU This document was produced by John Keells Holdings PLC for information purposes only. The information contained in this document are a review of the financial information pertaining to Q3 2025/26 and does not constitute an issue prospectus or a financial analysis. This Investor Presentatio
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