JAT Holdings PLC · CSELK:JAT.N0000
JAT — Q2 FY2026/27 Earnings Presentation
29 slides from JAT's earnings presentation, October 2026
Slide 1: Investor Presentation Q2 of FY 26/27
INVESTOR PRESENTATION JAT Holdings PLC Q2 of FY 26/27
Slide 2: Group Overview
GROUP OVERVIEW Sri Lanka Wood Coating Solutions Paints and Other Accessories Brushes Market Share 57% Market Share 7.2% Market Share 31% Bangladesh Maldives New Zealand Market Share 44% Market Share 60% Market Share 31% 2
Slide 3: Awards and Recognition
AWARDS AND RECOGNITION OLD AWARD National Al Awards 2026 MSME innovation f evr) Lad- Vout SLIM DIGIES 2.6 | GOLD AWARD NationaljBusiness Excellence Award 2026 National Business Excellence Award 2026 SLIM DIGIES 2.6 SLIM DIGIES 2.6 SLIM DIGIES 2.6 GOLD AWARD National Business Excellence Award 2026 Aw
Slide 4: Financial Indicators
For the 6 months ended 30th September FY 27 FY 26 Variance Foreign revenue Admin & S&D Local revenue 4,557 4,015 14% FY26 1,137 1,316 Foreign operations 2,450 1,137 115% FY27 2,450 1,842 Revenue 7,007 5,151 36% Ex. Mirotone 1,752 1,527 Financial Indicators Cost of sales (4,550) (3,350) 36% Growth 54
Slide 5: Financial Indicators
(As of 30th September) FY 27 FY 26 Variance Non-Current Assets 6,323 5,387 17% Intangible assets 858 153 460% • Intangible asset increase is due to goodwill on Other 5,465 5,234 4% Mirotone acquisition and software from Volt Financial Indicators Current Assets 12,876 10,923 18% Industrial as mention
Slide 6: Market Indices
MARKET INDICES NAVPS Gearing Market Cap (Bn) EPS 25 30 25 24.18 4 23 21 25 24.13 24.16 3.29 3.17 20 20 3.07 19 3 17 16.98 19.63 20 2.41 15 15 14.53 1.97 15 2 10 10 9.39 9.19 10 1 5 5 5 - - - - 6M - 6M - 6M - 6M- 6M - 6M - 6M - 6M- 6M - 6M - 6M - 6M- 6M - 6M - 6M - 6M- 23/24 24/25 25/26 26/27 23/24 2
Slide 7: Sector Wise Performance
SECTOR WISE PERFORMANCE 6M - FY27 2,715 862 232 250 360 6M - FY26 2,657 416 208 216 378 6M - FY25 2,317 408 181 193 36 6M - FY24 2,288 421 145 71 - - 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 Wood Coatings Paints, Chemicals and Others Brushes and Rollers Furnishing EV
Slide 8: Macro Economic Factors
MACRO ECONOMIC FACTORS Sri Lanka • Inflation increased from 6.8% in June to 8.0% in September 2026, increasing Higher inflation operating costs and pressure on consumer spending • Geopolitical tensions may increase freight, energy and raw-material costs and Middle East uncertainty create supply-chai
Slide 9: Wood Coatings
WOOD COATINGS 3,000 • Market share expanded to 57.1% 2,715 2,657 • Recorded a 2% increase in revenue compared to 6 months of 2,500 2,288 2,317 the previous financial year, reflecting a positive growth trajectory where the owned brands have shown significant growth 2,000 • Net GP margin improved by 1
Slide 10: Presented Expectations for FY 26/27 and Outcome
PRESENTED EXPECTATIONS FOR FY 26/27 AND OUTCOME Presented Expectation for FY26/27 Present outcome • To face the global supply chain issues, a potential production cost • Despite a 20% rise in solvent-based raw increase could be expected material costs, revenue grew 2% and Net GP • Q2: Revenues are e
Slide 11: Paints, Chemicals and Others
PAINTS, CHEMICALS AND OTHERS 900 862 750 • Market share 7.2% 600 • Recorded a significant growth in revenue of 107%, reflecting strong overall business performance 450 421 416 408 • Growth was driven by key brands, with White by JAT 300 increasing by 123%, Hydro Plus by 360%, and Wallz by 132%, high
Slide 12: Presented Expectations for FY 26/27 and Outcome
PRESENTED EXPECTATIONS FOR FY 26/27 AND OUTCOME Presented Expectation for FY26/27 Present outcome • We are expecting a massive growth in the emulsion sector with the • Market share momentum in the last quarter, which could increase the market share by June – 7.9% minimum 2% September – 7.2% • Focuse
Slide 13: Brushes and Rollers
BRUSHES AND ROLLERS 250 232 208 200 181 • Retained market leadership at 31% market share 150 145 • Revenue increased by 11%, driven by growth across key brands, with Harris Brushes recording a 13% increase and Brush Master achieving 10% growth, demonstrating 100 strengthening sales performance acros
Slide 14: Presented Expectations for FY 26/27 and Outcome
PRESENTED EXPECTATIONS FOR FY 26/27 AND OUTCOME Presented Expectation for FY26/27 Present outcome • With the weakening competition, we would be able to push for more • Market share dominance in the market June – 32.1% September – 29.5% • Efficiency increase through capacity enhancement of brush hand
Slide 15: Furnishing
FURNISHING 300 • Revenue increased by 16% 250 250 • Confirmed project pipeline stands at LKR 561 Mn 216 200 193 • Secured key furnishing contracts for GLAZED doors with people’s bank, HORMANN doors for Alulanka and 150 Rathmalana Airport, OPPEIN doors with Hilton Highlight 100 • Momentum being creat
Slide 16: Presented Expectations for FY 26/27 and Outcome
PRESENTED EXPECTATIONS FOR FY 26/27 AND OUTCOME Presented Expectation for FY26/27 Present outcome Furnishing • Focusing on selling high-quality office furniture (HM and Colan), to • Retail sales increased by 39% compared to 1H in increase their contribution to overall sales. Focus will be more tilte
Slide 17: EV Chargers
EV CHARGERS 400 378 360 4,300+ 100+ 350 Slow chargers Fast chargers 300 250 • Revenue declined by 5% due to timing of revenue recognition 200 • Invoiced 2,000 units of L2 chargers to JKH for BYD vehicles 150 • Commenced pilot project of 2 wheeler and 3 wheeler chargers – installed the first one at K
Slide 18: Presented Expectations for FY 26/27 and Outcome
PRESENTED EXPECTATIONS FOR FY 26/27 AND OUTCOME Presented Expectation for FY26/27 Present outcome • Expanding JAT’s own charging network across the country • Currently 17 chargers under JAT with 50 more secured locations • Exceeding the number of fast charging network to over 200 units • 100+ fast c
Slide 19: Macro Economic Factors: Bangladesh
MACRO ECONOMIC FACTORS Bangladesh • Inflation remained above 8%, continuing to pressure consumer purchasing Elevated inflation power and discretionary spending • Reduced post-election uncertainty could strengthen business confidence and Improved political stability support investment and constructio
Slide 20: Bangladesh
BANGLADESH 6M (BDT mn) FY27 FY26 Variance 600 585 589 Revenue 589 428 38% GP 126 92 37% 500 GP% 21% 21% 0% 460 Less : All OHs (80) (72) 12% 428 NPBT 45 26 77% 400 NPBT% 8% 6% 300 • Industrial sales contributed to 45% of the total revenue with a growth of 26% YoY 200 • Retail sales growth attributed
Slide 21: Presented Expectations for FY 26/27 and Outcome
PRESENTED EXPECTATIONS FOR FY 26/27 AND OUTCOME Presented Expectation for FY26/27 Present outcome • Performance growth can be expected with the government stability • 38% sales growth for the 6 months in review after the election • Increase GP of products through R&D • Net GP margin increase is 1% c
Slide 22: Macro Economic Factors: New Zealand
MACRO ECONOMIC FACTORS New Zealand • Elevated interest rates continue to constrain household spending and housing- High borrowing costs related demand • Inflation moderated to 3.7%, although energy and construction costs remain Easing inflation elevated • Soft income growth and job insecurity may re
Slide 23: Mirotone NZ
MIROTONE NZ • Sales recorded 12% growth in August and a further 9% YTD YTD increase in September MoM, reflecting sustained positive NZD ‘000 LKR ‘000 momentum in comparison to slower sales movement in Q1 Revenue 3,652 697,837 • Incurred a PAT loss of NZD 99,000 in 1H mainly attributable to the econo
Slide 24: Mirotone NZ
MIROTONE NZ Presented Expectation for FY26/27 Present outcome • Introduction of existing products of JAT to the NZ market, including Exterior Wood Coating under the Mirotone • Introduce Brushes and Wood Putty to NZ in the 1st Phase • Samples have been sent and testings are being carried on • Develop
Slide 25: Mirotone Australia
MIROTONE AUSTRALIA Presented Expectation for FY26/27 Present outcome • Launching Mirotone in Queensland, Australia • Australian operations are fully established, with the local facility and supporting colour in Q1 and expanding into another state in Q2 – matching infrastructure in place Q3 • Product
Slide 26: Other Markets
OTHER MARKETS Presented Expectation for FY26/27 Present outcome Maldives • Significant sales growth with the new distributor • Revenue reached Rs. 101 million by Q2, reflecting a 105% growth compared to the previous year’s 1H • Launch of the total emulsion range • Done through resorts South East Asi
Slide 27: What to Expect in H2 of FY26/27
WHAT TO EXPECT IN H2 OF FY26/27 Sri Lanka Bangladesh • Market penetration through industries in different product Wood Coatings segments • Push to achieve the highest ever sale in this category while keeping • Launch of water-based in the retail segment margins at + or - 2% • Increase market share D
Slide 28: Q&A
Q&A
Slide 29: Disclaimer
DISCLAIMER The material in this presentation has been prepared by JAT Holdings PLC (“JAT”) and is general background information about JAT’s activities current as at the date of this presentation. This information is given in summary form and does not purport to be complete. Information in this pres