Sunshine Holdings Plc · CSELK:SUN.N0000
Sunshine — FY2025 Earnings Presentation
39 slides from Sunshine's earnings presentation, Jun 2, 2025
Slide 1: FY25 Earnings Webinar
FY25 Earnings Webinar Sunshine Holdings PLC 02 June 2025
Slide 2: Housekeeping Announcements
Housekeeping Announcements • The webinar will be recorded and later uploaded to our IR website as well as CSE website for future reference (https://www.sunshineholdings.lk/investor/financial-reports) • All participants will be muted during the presentation • Participants can use the 'Raise Hand' opt
Slide 3: Corporate Announcements
Corporate Announcements • Sunshine Holdings PLC has declared a final dividend of Rs. 0.60 per share for FY25 (XD date - 30 Jun 2025, Payment date - 18 Jul 2025) • Watawala Plantations PLC declared a second interim dividend of Rs. 1.40 per share for FY25 in March 2025, and a final dividend of Rs. 1.3
Slide 4: Group Performance
Group Performance
Slide 5: Group at a Glance – FY25
Group at a Glance – FY25 Revenue Composition – FY25 LKR 9.3bn LKR 5.9bn LKR 2.15 7.1% YoY -1.7% YoY -5.2% YoY Agriculture EBIT Earnings EPS 4.5% 13.4% 21.9% 23.8% LKR 10.32 LKR 59.3bn -8.0 pts YoY -4.9 pts YoY 7.4% YoY Healthcare 55.0% 31.6% 7.0% 17.3% Gearing ROE NBV Consumer 3.0% LKR 42.3bn 10.0x
Slide 6: Group – Performance Highlights
Group – Performance Highlights LKR m FY25 FY24 YoY % 4QFY25 4QFY24 YoY % Revenue 59,282 55,422 7.0% 14,097 13,066 7.9% EBIT 9,278 8,662 7.1% 1,887 1,269 48.7% EBIT margin 15.7% 15.6% 13.4% 9.7% PAT 5,914 6,019 -1.7% 1,232 570 116.1% PAT margin 10.0% 10.9% 8.7% 4.4% PATMI 4,240 4,471 -5.2% 877 508 72
Slide 7: Movement in Revenue & EBIT
Movement in Revenue & EBIT Revenue Movement [LKR Million] EBIT Movement [LKR Million] 4,814 1,219 59,282 213 (577) 9,278 (377) 55,422 8,662 (723) (93) FY24 Revenue Healthcare Consumer Brands Agriculture FY25 Revenue FY24 EBIT Healthcare Consumer Brands Agriculture Other FY25 EBIT Revenue Composition
Slide 8: A decade of growth
A decade of growth Sunshine Holdings PLC Market Cap (LKRbn) 42.3 29.3 22.1 16.4 11.9 6.8 7.7 7.0 6.5 6.2 5.7 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25
Slide 9: Healthcare
Healthcare
Slide 10: Sunshine Healthcare Lanka overview
Sunshine Healthcare Lanka (SHL) is Sri Lanka’s only fully integrated healthcare company encompassing the entire pharma value chain Government and Local market Manufacturing and R&D Revenue Split FY25 Sri Lanka’s first facility for Respiratory Care Manufacturing Capsules Tablets Nasal Spray Devices C
Slide 11: Healthcare Sector – Highlights
Healthcare Sector – Highlights Sector Highlights 8,569 8,650 7,563 7,804 Healthcare sector revenue grew 15.9% YoY in 4QFY25, , driven by 6,736 sustained momentum across the pharmaceutical, distribution, and retail businesses The sector posted a total revenue of LKR 32.6 Bn for FY25, 1,587 1,716 896
Slide 12: Sunshine Pharmaceuticals – Performance Highlights
Sunshine Pharmaceuticals – Performance Highlights Business Highlights 5,385 4,609 The pharmaceutical segment’s revenue grew by 14.3% YoY in 4,033 4,055 4,033 4QFY25, driven by a volume growth of 12.0% YoY during the period The segment posted total revenue of LKR 18.1 Bn for FY25, reflecting a 14.3%
Slide 13: Healthguard Distribution – Performance Highlights
Healthguard Distribution – Performance Highlights Business Highlights 5,021 5,130 5,177 The Distribution segment’s revenue grew by 28.0% YoY in 4QFY25, 4,045 4,062 driven by a significant volume increase of 29.6% YoY during the quarter For FY25, the segment posted total revenue of LKR 19.4 Bn, suppo
Slide 14: Sunshine Medical Devices – Performance Highlights
Sunshine Medical Devices – Performance Highlights Business Highlights 1,437 1,157 1,151 The Medical Devices segment recorded a 10.1% YoY revenue 1,045 1,067 growth in 4QFY25, reflecting improved performance during the quarter In FY25, recurring revenue in the segment grew by 4.0% YoY to LKR 4.4 Bn,
Slide 15: Lina Manufacturing – Performance Highlights
Lina Manufacturing – Performance Highlights Business Highlights 1,459 During 4QFY25, revenue from the manufacturing business declined 1,128 1,095 by 28.1% YoY, as the majority of Medical Supplies Division (MSD) deliveries were completed within 9MFY25 607 437 With the completion of the CY24 governmen
Slide 16: Healthguard Pharmacy – Performance Highlights
Healthguard Pharmacy – Performance Highlights Business Highlights 713 The retail segment, Healthguard Pharmacy, recorded a 13.5% YoY 694 increase in revenue for 4QFY25, driven by volume growth across 666 both pharmaceutical and wellness ranges 629 626 For FY25, the segment reported total revenue of
Slide 17: Consumer Brands
Consumer Brands
Slide 18: Sunshine Consumer overview
Sunshine Consumer, Market leader in branded tea and sugar confectionery Brand Portfolio Tea Revenue Split FY25 Largest branded tea company in Sri Lanka – 48% market share* *Peppercube Retail Measurement Survey Exports Catering to three distinct need and value segments, the Tea portfolio comprising o
Slide 19: Consumer Sector – Highlights
Consumer Sector – Highlights Sector Highlights 5,056 4,609 4,708 The Consumer sector, including both export and domestic 4,492 4,373 businesses, recorded a 2.7% YoY revenue decline in 4QFY25, largely due to reduced volumes in the confectionery and export segments during the quarter For FY25, the sec
Slide 20: Tea – Performance Highlights
Tea – Performance Highlights Business Highlights 2,454 2,429 2,433 Revenue from the Branded Tea business grew by 7.6% YoY to LKR 2.4 Bn in 4QFY25, driven by focused trade and consumer activation initiatives 2,260 2,242 For FY25, the segment recorded total revenue of LKR 9.6 Bn, reflecting an 8.8% Yo
Slide 21: Confectionery – Performance Highlights
Confectionery – Performance Highlights Business Highlights 589 Revenue from the Confectionery business declined by 8.1% YoY in 538 4QFY25, primarily due to lower sales volumes during the period. 494 441 However, the business recorded growth in both revenue and volume 404 on a QoQ basis, signaling ea
Slide 22: Confectionery NPD Momentum – Energizing Our Brand Portfolio
Confectionery NPD Momentum – Energizing Our Brand Portfolio Milady Dhodam Candy Daintee Jelly Crystals Daintee Hearts 20g slab Milady Jumbo Choco Mint Daintee Blueberry Cheweez Daintee Bitz 50g Milady Chocomint Lollipop Daintee Gum Lollipop Mar 2025 Apr 2025 May 2025 Jun 2025 Aug 2025
Slide 23: Exports – Performance Highlights
Exports – Performance Highlights Business Highlights 2,038 The export business recorded a 9.5% YoY revenue decline in 1,926 1,851 1,693 4QFY25, reaching LKR 1.5 Bn, mainly due to a volume dip from 1,532 key clients and an unfavorable exchange rate compared to the previous year. For FY25, the segment
Slide 24: Agribusiness
Agribusiness
Slide 25: Watawala Plantations overview
Watawala Plantations PLC primarily engages in palm oil and dairy farming Palm Oil Revenue Split FY25 A land extent of ~3,400 Ha under palm oil cultivation Dairy 15% The first in South Asia to receive RSPO certification for sustainable oil palm plantation Positioning – largest oil palm cultivator in
Slide 26: Agribusiness – Highlights
Agribusiness – Highlights Sector Highlights 2,193 2,065 1,919 The Agribusiness sector reported revenue of LKR 1.9 Bn in 1,838 1,767 4QFY25, reflecting a 4.4% YoY improvement, driven by the performance of the palm oil business For FY25, the sector reported total revenue of LKR 7.9 Bn, 802 750 733 ref
Slide 27: Palm Oil – Performance Highlights
Palm Oil – Performance Highlights Business Highlights 1,739 1,902 1,652 The Palm Oil segment recorded a 12.2% YoY improvement in 1,472 1,468 revenue in 4QFY25, driven primarily by higher selling prices during the period, despite a decline in volumes 968 For FY25, the segment reported total revenue o
Slide 28: Dairy – Performance Highlights
Dairy – Performance Highlights Business Highlights 366 326 291 299 The dairy business recorded a 26.8% YoY revenue decline in 267 4QFY25, driven by reductions in both volumes and milk selling prices This trend persisted over the full year, with the segment reporting 39 37 38 1 total revenue of LKR 1
Slide 29: Q&A
Q&A
Slide 30: Appendix
Appendix
Slide 31: Sunshine Pharmaceuticals – Market Dynamics
Sunshine Pharmaceuticals – Market Dynamics During 4Q IQVIA, the market experienced a growth of 3.0% (2024 MAT%) 27.9% 30% 14% 25% 13.1% 13.0% 13.0% 18.3% 13% 20% 17.5% 12.8% 17.5% 12.7% 15% 14.1% 14.3% 12.0% 11.05% 10.5% 13% 10% 8.1% 4.41% 5% 3.31% 2.98% 1.23% 12% 0% 4QFY24 1QFY25 2QFY25 3QFY25 4QFY
Slide 32: Pharmaceuticals – Price Increase Index
Pharmaceuticals – Price Increase Index 1 90 3 70 181 181 181 1 80 3 60 1 70 3 50 1 60 3 40 152 152 152 152 152 152 152 152 152 152 152 152 152 152 152 152 152 152 152 152 152 152 1 50 336 3 30 325 326 322 323 324 1 40 3 20 322 321 319 313 1 30 3 10 309 1 20 306 304 304 3 00 301 301 302 299 300 1 10
Slide 33: Sunshine Medical Devices – Market Dynamics
Sunshine Medical Devices – Market Dynamics 91% 90% 89% 88% 88% 88% 86% 86% 84% 81% 82% 81% 80% 79% 79% 77% 77% 77% 76% 70% 73% 2QFY24 3QFY24 4QFY24 1QFY25 2QFY25 3QFY25 4QFY25 Hospital Occupancy Lab Tests Operation Theaters Source – Management Information
Slide 34: Brand Value Market Share (%) – Tea
Brand Value Market Share (%) – Tea 100.0 90.0 17 16 17 19 20 22 24 23 23 23 26 26 28 28 27 27 27 28 28 27 27 29 29 32 30 80.0 6 6 8 9 8 10 9 9 8 70.0 9 9 9 6 6 6 5 5 8 7 6 5 5 5 6 7 60.0 47 45 50.0 46 47 49 49 46 46 46 45 47 45 45 47 48 48 49 49 49 48 48 40.0 45 46 44 45 30.0 20.0 31 32 28 10.0 23 2
Slide 35: Brand Value Market Share (%) – Confectionary
Brand Value Market Share (%) – Confectionary 100 90 23 22 22 22 22 22 22 22 22 23 24 23 26 80 70 19.0 18.5 18.3 16.3 21.0 21.0 20.7 20.7 20.5 19.5 17.7 17.6 20.3 Market Share % 60 50 36.8 36.1 34.9 34.3 35.1 40 37 37 38.0 36.6 35.0 36.0 38 35 30 20 22.4 22.0 22.7 23.8 24.0 23.9 25.5 10 18 20 19 20 2
Slide 36: Price Index – Tea and Confectionary
Price Index – Tea and Confectionary Tea Price Index Confectionery Price Index 230 214 214 214 210 203 203 203 203 203 203 203 203 203 203 203 203 167 167 167 167 167 167 167 167 167 167 167 167 167 167 167 167 167 167 167 167 167 167 167 167 167 167 167 167 200 193 193 193 164 190 159 177 176 172 17
Slide 37: Agribusiness – Price Movement
Agribusiness – Price Movement Settlement Price (RM) WDL's Avg Milk Price (LKR) 5,500 270 260 5,000 260 4,705 250 MALAYSIAN RINGGITS – RM 4,500 4,356 240 4,000 229 230 3,500 220 3,000 210 2,500 200 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 March-24 May-24 Jul
Slide 38: Forward Looking Statements
Forward Looking Statements This presentation contains forward-looking statements that are based on management’s current expectations and assumptions. Forward-looking statements include predictions of future results or activities and may contain the words “expects,” “believes,” “should,” “will,” “ant
Slide 39: Thank you!
Thank you! For more information, Please visit our Investor Relations page https://www.sunshineholdings.lk/investor/financial-reports