John Keells Holdings Plc · CSELK:JKH.N0000
John Keells — Q1 2025/26 Earnings Presentation
28 slides from John Keells's earnings presentation, Jul 31, 2025
Slide 1: JKH Investor Presentation: Review of Q1 2025/26
JKH Investor Presentation Review of Q1 2025/26 31 July 2025 Version 3.0
Slide 2: EBITDA: For the quarter ended 30 June
EBITDA: For the quarter ended 30 June EBITDA* Q1 2025/26 Q1 2024/25 Variance Variance % (Rs. Million) Transportation 1,551 1,555 (4) (0) Consumer Foods 1,255 1,493 (238) (16) Retail 7,322 2,246 5,076 226 Leisure (170) (794) 624 79 City of Dreams Sri Lanka (CODSL) (1,000) (776) (224) (29) Leisure exc
Slide 3: Quarterly EBITDA movement
Quarterly EBITDA movement EBITDA 2024/25 2025/26 (Rs. Million) Q1 Q2 Q3 Q4 Q1 Transportation 1,555 1,982 1,642 2,139 1,551 Consumer Foods 1,493 1,611 1,306 2,293 1,255 Retail 2,246 2,390 2,898 3,415 7,322 Leisure (794) (136) 1,151 4,382 (170) CODSL (776) (1,181) (1,567) (1,219) (1,000) Leisure excl.
Slide 4: Quarterly movement of finance costs
Quarterly movement of finance costs Finance Costs 2025/26 2024/25 (Rs. Million) Q1 Q4 Q3 Q2 Q1 Transportation 129 131 155 143 163 Consumer Foods 101 101 89 82 88 Retail 996 642 506 584 618 Leisure 2,521 1,768 1,705 (563) 1,947 Property 15 17 22 20 25 Financial Services - 1 - 136 - Other, incl. IT an
Slide 5: PBT: For the quarter ended 30 June
PBT: For the quarter ended 30 June PBT Q1 2025/26 Q1 2024/25 Variance Variance % (Rs. Million) Transportation 1,344 1,330 14 1 Consumer Foods 784 1,076 (292) (27) Retail 5,358 831 4,527 544 Leisure (5,388) (4,045) (1,343) (33) CODSL (4,189) (2,002) (2,187) (109) Leisure excl. CODSL (1,199) (2,043) 8
Slide 6: Key financial indicators
Key financial indicators (Rs. Million) Q1 2025/26 Q4 2024/25 Q3 2024/25 Total debt excl. leases 225,319 210,411 221,626 Cash and cash equivalents 98,806 93,567 99,032 Net debt excl. leases 126,513 116,844 122,593 Net debt excl. leases/Equity (%) 30.2 27.9 30.3 EBITDA 12,974 15,913 14,147 Net debt ex
Slide 7: Overview of ESG initiatives
Overview of ESG initiatives ▪ The Group’s carbon footprint per million rupees of revenue and water withdrawal per million rupees of revenue increased by 4.2% to 0.6 MT and by 4.8% to 7.7 cubic meters respectively. o In absolute terms the carbon footprint increased by 18% to 45,759 MT, while water wi
Slide 8: West Container Terminal at the Port of Colombo
West Container Terminal at the Port of Colombo ▪ The Group marked the first full quarter of commercial operations at the West Container Terminal (WCT-1) at the Port of Colombo. ▪ Throughput to date at WCT-1 has been encouraging, and this momentum is expected to accelerate over the coming quarters. ▪
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Slide 11: Transportation: Port of Colombo (POC)
Transportation: Port of Colombo (POC) Port of Colombo Port of Colombo Volumes 900 845 821 828 810 808 800 TEU'S 000 700 640 620 593 600 555 566 500 535 516 512 505 508 400 Q1 Q2 Q3 Q4 Q1 2024/25 2025/26 SAGT SLPA CICT *SLPA includes volumes of JCT and ECT terminals 11
Slide 12: Transportation: Q1 2025/26
Transportation: Q1 2025/26 Port Businesses Q1 Earnings Update: 2024/25 2025/26 SAGT Q1 Q1 Q1 Q2 Q3 Q4 Q1 (Rs. mn) 2025/26 2024/25 Volumes (TEUs) 516,373 511,987 535,098 504,790 508,170 EBITDA 1,551 1,555 Domestic: Transshipment 10:90 13:87 12:88 14:86 10:90 ▪ CWIT recorded financial losses on accoun
Slide 13: Consumer Foods: Q1 2025/26
Consumer Foods: Q1 2025/26 Q1 Earnings Update: Key performance 2024/25 2025/26 indicators (%) Q1 Q1 Q1 Q2 Q3 Q4 Q1 (Rs. mn) 2025/26 2024/25 Volume growth: EBITDA 1,255 1,493 Confectionery 27 17 34 12 3 Beverages (CSD) 8 13 28 16 (10) ▪ The CSD segment recorded a volume decline, in line with overall
Slide 14: 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 15: Retail: Q1 2025/26
Retail: Q1 2025/26 Supermarket business: Q1 Earnings Update: Key performance 2024/25 2025/26 indicators (%) Q1 Q1 Q1 Q2 Q3 Q4 Q1 (Rs. mn) 2025/26 2024/25 Same store sales growth 12.0 13.8 14.2 16.2 13.0 EBITDA 7,322 2,246 Same store footfall growth 11.9 12.3 14.2 19.1 16.6 ▪ The Supermarket business
Slide 16: Supermarket business 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 2,000 Q2 6.9 2.2 Electricity cost (Rs. million) 2022/23 EBITDA (Rs. millions) 2,500 Q3 7.7 1.9 1,500 Q4 7.7 2.4 2,
Slide 17: Retail: Q1 2025/26 vs Q1 2024/25
Retail: Q1 2025/26 vs Q1 2024/25 Same Store Same Store ABV Sales Footfall (3.1)% 13.0% 16.6% Q1 2024/25: Q1 2024/25: Q1 2024/25: ▪ The conversion of standard format ▪ Customer count increased driven by initiatives ▪ June 2024 NCPI (YoY): 2.4 %. outlets to an extended format, along with to attract ne
Slide 18: Retail: Q1 2025/26 New Energy Vehicles business
Retail: Q1 2025/26 New Energy Vehicles business: ▪ The total orders received of over 7,100 units have exceeded 2025/26 expectations. Q1 ▪ Profit on the vehicles will be recognised upon the handover of Number of NEV sold 2,307 vehicles to customers. ▪ JKCG expanded its customer reach through showroom
Slide 19: 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 2023 2024 2025 Jan 238,924 102,545 208,253 252,761 240 Feb 235,618 107,639 218,350 240,217 200 Mar 233,382 125,495 209,181 229,298 Apr 180,429 105,498 148,867 174,608 Arrivals ('000) 160 M
Slide 20: 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 2023 2024 2025 Jan 151,552 172,499 192,385 214,863 200 Feb 168,583 177,915 217,392 214,091 160 Mar 162,843 173,514 194,227 203,468 Apr 163,114 164,357 168,366 198,322 Arrivals ('000)
Slide 21: 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 22: Leisure: Q1 2025/26
Leisure: Q1 2025/26 Q1 Earnings Update: 2024/25 2025/26 Key indicators Q1 Q1 Q1 Q2 Q3 Q4 Q1 (Rs. mn) 2025/26 2024/25 Colombo Hotels* EBITDA (170) (794) Occupancy (%) 40 66 66 77 60 EBITDA 830 (18) ARR (USD) 98 83 78 75 71 excl. CODSL EBITDA Margin (%) (2) 11 13 22 4 ▪ Excluding CODSL, the increase i
Slide 23: City of Dreams Sri Lanka
City of Dreams Sri Lanka ▪ The remaining components of the Group’s flagship integrated resort, City of Dreams Sri Lanka, is scheduled to launch on August 2, 2025, with the operationalisation of all elements. ▪ The shopping mall, branded as ‘The Shoppes’, will commence operations in a phased manner,
Slide 24: Leisure: Q1 2025/26 City of Dreams Sri Lanka
Leisure: Q1 2025/26 City of Dreams Sri Lanka: 2025/26 ▪ The Cinnamon Life hotel continues to be positively Key indicators received by the market, both locally and internationally, Q1 with encouraging demand and bookings for the various Hotel: conference and event spaces at the property. Occupancy* (
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Slide 26: Property: Q1 2025/26
Property: Q1 2025/26 Cumulative sales update as at 30 June 2025: Q1 Earnings Update: Number of units Number of Percentage (As at 30 June 2025) Q1 Q1 sold remaining units Sold (%) (Rs. mn) 2025/26 2024/25 Cinnamon Life: EBITDA 149 (67) The Residence at Cinnamon Life 173 58 75 The Suites at Cinnamon L
Slide 27: Financial Services: Q1 2025/26
Financial Services: Q1 2025/26 Union Assurance PLC (UA): Q1 Earnings Update: Q1 Q2 Q3 Q4 Q1 Key performance 2024/25 2024/25 2024/25 2024/25 2025/26 Q1 Q1 indicators (%) (Apr-Jun (Jul-Sep (Oct-Dec (Jan-Mar (Apr-Jun (Rs. mn) 2024/25 2025/26 2024) 2024) 2024) 2025) 2025) EBITDA 1,847 1,920 GWP growth 1
Slide 28: 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 Q1 2025/26 and does not constitute an issue prospectus or a financial analysis. This Investor Presentatio
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