John Keells Holdings Plc · CSELK:JKH.N0000
John Keells — Q2 2025/26 Earnings Presentation
29 slides from John Keells's earnings presentation, Nov 18, 2025
Slide 1: JKH Investor Presentation: Review of Q2 2025/26
JKH Investor Presentation Review of Q2 2025/26 18 November 2025 Version 3.0
Slide 2: EBITDA: For the quarter ended 30 September
EBITDA: For the quarter ended 30 September EBITDA* Q2 2025/26 Q2 2024/25 Variance Variance (%) (Rs. Million) Transportation 1,933 1,982 (49) (2) Consumer Foods 1,705 1,611 94 6 Retail 10,109 2,390 7,719 323 John Keells CG Auto (JKCG) 7,463 (33) 7,496 22,715 Supermarkets and John Keells Office Automa
Slide 3: EBITDA: For the six months ended 30 September
EBITDA: For the six months ended 30 September EBITDA* YTD 2025/26 YTD 2024/25 Variance Variance (%) (Rs. Million) Transportation 3,484 3,537 (53) (2) Consumer Foods 2,960 3,104 (144) (5) Retail 17,432 4,636 12,796 276 JKCG 12,047 (52) 12,099 23,267 Supermarkets and JKOA 5,385 4,688 697 15 Leisure 1,
Slide 4: Quarterly EBITDA movement
Quarterly EBITDA movement EBITDA 2024/25 2025/26 (Rs. Million) Q2 Q3 Q4 Q1 Q2 Transportation 1,982 1,642 2,139 1,551 1,933 Consumer Foods 1,611 1,306 2,293 1,255 1,705 Retail 2390 2,898 3,415 7322 10,109 JKCG (33) (71) (57) 4,584 7,463 Supermarkets and JKOA 2,423 2,969 3,472 2,738 2,646 Leisure (136
Slide 5: Quarterly movement of finance costs
Quarterly movement of finance costs Finance Costs 2025/26 2024/25 (Rs. Million) Q2 Q1 Q4 Q3 Q2 Transportation 128 129 131 155 143 Consumer Foods 106 101 101 89 82 Retail 1,083 996 642 506 584 Leisure 2,600 2,521 1,768 1,705 (563) Property 14 15 17 22 20 Financial Services - - 1 - 136 Other, incl. IT
Slide 6: PBT: For the quarter ended 30 September
PBT: For the quarter ended 30 September PBT Q2 2025/26 Q2 2024/25 Variance Variance (%) (Rs. Million) Transportation 1,723 1,718 5 0 Consumer Foods 1,206 1,190 16 1 Retail 8,018 890 7,128 801 JKCG 6,930 (33) 6,963 21,100 Supermarkets and JKOA 1,088 923 165 18 Leisure (3,961) (331) (3,630) (1,097) CO
Slide 7: PAT attributable: For the quarter ended 30 September
PAT attributable: For the quarter ended 30 September PAT attributable Q2 2025/26 Q2 2024/25 Variance Variance (%) (Rs. Million) Transportation 1,726 1,809 (83) (5) Consumer Foods 686 680 6 1 Retail 3,067 541 2,526 467 JKCG 2,415 (33) 2,448 7,418 Supermarkets and JKOA 652 574 78 14 Leisure (3,854) (1
Slide 8: Key financial indicators
Key financial indicators (Rs. Million) Q2 2025/26 Q1 2025/26 Q4 2024/25 Group: Total debt excl. leases 233,113 225,319 210,411 Cash and cash equivalents 96,593 98,806 93,567 Net debt excl. leases 136,520 126,513 116,844 Net debt excl. leases/Equity (%) 32.3 30.2 27.9 EBITDA 18,356 12,974 15,913 Net
Slide 9: Overview of ESG initiatives
Overview of ESG initiatives ▪ In absolute terms the carbon footprint increased by 26% to 48,813 MT, while water withdrawal increased by 20% to 682,300 cubic meters. o The increase is primarily due to the enhanced reporting boundary on account of the operations of the Cinnamon Life hotel, whereas it
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Slide 11: West Container Terminal at the Port of Colombo
West Container Terminal at the Port of Colombo ▪ The performance of CWIT has significantly exceeded expectations with higher throughput than planned. ▪ CWIT achieved a volume of 263,137 TEUs for the quarter, and this momentum is expected to accelerate further over the ensuing quarters. ▪ The profita
Slide 12: Transportation: Port of Colombo (POC)
Transportation: Port of Colombo (POC) Port of Colombo Port of Colombo Volumes 900 821 828 845 808 799 800 700 640 620 619 593 600 566 TEU'S 000 500 535 512 505 508 523 400 300 263 200 90 100 0 Q2 Q3 Q4 Q1 Q2 2024/25 2025/26 SAGT SLPA CICT CWIT *SLPA includes volumes of JCT and ECT terminals 12
Slide 13: Transportation: Q2 2025/26
Transportation: Q2 2025/26 Port Businesses Q2 Earnings Update: South Asia 2024/25 2025/26 Gateway Q2 Q2 (Rs. mn) Terminals (SAGT) Q2 Q3 Q4 Q1 Q2 2025/26 2024/25 Volumes (TEUs) 511,987 535,098 504,790 508,170 523,108 EBITDA 1,933 1,982 Domestic: ▪ The decline in profitability is mainly on Transshipme
Slide 14: Consumer Foods: Q2 2025/26
Consumer Foods: Q2 2025/26 Q2 Earnings Update: Key performance 2024/25 2025/26 indicators (%) Q2 Q2 Q2 Q3 Q4 Q1 Q2 (Rs. mn) 2025/26 2024/25 Volume growth: EBITDA 1,705 1,611 Confectionery 19 32 10 3 14 Beverages (CSD) 13 28 16 (10) 12 ▪ Growth in profitability was on account of both the Beverages an
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: Q2 2025/26
Retail: Q2 2025/26 Supermarket business: Q2 Earnings Update: Key performance 2024/25 2025/26 indicators (%) Q2 Q2 Q2 Q3 Q4 Q1 Q2 (Rs. mn) 2025/26 2024/25 Same store sales growth 9.8 10.3 16.5 13.9 13.8 EBITDA 10,109 2,390 (net)* Same store footfall growth 12.3 14.2 19.1 16.6 19.3 ▪ The substantial i
Slide 17: 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 18: Retail: Q2 2025/26 vs Q2 2024/25
Retail: Q2 2025/26 vs Q2 2024/25 Same Store Same Store ABV Sales Footfall (5.2)% 13.8% 19.3% Q2 2024/25: Q2 2024/25: Q2 2024/25: ▪ Promotional campaigns contributed to ▪ Customer count increased driven by initiatives ▪ September 2024 NCPI (YoY): (0.2)%. same store sales growth. to attract new custom
Slide 19: Retail: Q2 2025/26 - New Energy Vehicles business
Retail: Q2 2025/26 New Energy Vehicles business: ▪ The strong performance of JKCG during the quarter was driven by the 2025/26 number of vehicles handed over to customers. Q1 Q2 ▪ The business continues to enjoy a dominant market position, Number of NEV sold 2,307 3,705 particularly in the electric
Slide 20: 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 21: 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 22: 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 23: Leisure: Q2 2025/26
Leisure: Q2 2025/26 Q2 Earnings Update: 2024/25 2025/26 Key indicators Q2 Q2 Q2 Q3 Q4 Q1 Q2 (Rs. mn) 2025/26 2024/25 Colombo Hotels* EBITDA 1,429 (136) Occupancy (%) 66 66 77 60 73 EBITDA 1,493 1,045 ARR (USD) 83 78 75 71 72 excl. CODSL EBITDA Margin (%) 11 13 22 4 13 ▪ The Sri Lankan Resorts segmen
Slide 24: 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, comprising of the luxury-standard casino, the ultra- high end 113-room Nuwa hotel, and the first phase of the premium shopping mall branded “The Shoppes” were launched on August 2
Slide 25: Leisure: Q2 2025/26 - City of Dreams Sri Lanka
Leisure: Q2 2025/26 City of Dreams Sri Lanka: 2025/26 Key indicators Q1 Q2 Cinnamon Life Hotel (687 rooms) Occupancy (%) 24 35 ARR (USD) 99 106 EBITDA Margin (%) (56) 3 Rs. Million Q3 2024/25 Q4 2024/25 Q1 2025/26 Q2 2025/26 EBITDA (1,567) (1,219) (1,000) (64) (-) Depreciation and 1,086 1,144 1,362
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Slide 27: Property: Q2 2025/26
Property: Q2 2025/26 Cumulative sales update as at 30 September 2025: Q2 Earnings Update: Number of units Number of Percentage (As at 30 September 2025) Q2 Q2 sold remaining units Sold (%) (Rs. mn) 2025/26 2024/25 Cinnamon Life: EBITDA 196 111 The Residence at Cinnamon Life 178 53 77 The Suites at C
Slide 28: Financial Services: Q2 2025/26
Financial Services: Q2 2025/26 Union Assurance PLC (UA): Q2 Earnings Update: Q2 Q3 Q4 Q1 Q2 Key performance 2024/25 2024/25 2024/25 2025/26 2025/26 Q2 Q2 indicators (%) (Jul-Sep (Oct-Dec (Jan-Mar (Apr-Jun (Jul-Sep (Rs. mn) 2024/25 2025/26 2024) 2024) 2025) 2025) 2025) EBITDA 2,516 1,809 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 Q2 2025/26 and does not constitute an issue prospectus or a financial analysis. This Investor Presentatio
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