Sunshine Holdings Plc · CSELK:SUN.N0000
Sunshine — FY2026 Earnings Presentation
39 slides from Sunshine's earnings presentation, Jun 2, 2026
Slide 1: FY26 Earnings Webinar
FY26 Earnings Webinar Sunshine Holdings PLC 02 June 2026
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-relations/) • All participants will be muted during the presentation • Participants can use the 'Raise Hand' option to
Slide 3: Team
Team Sunshine Holdings Sunshine Healthcare Shantha Bandara Dr. Thiru Sayandhan Farman Nizar Eranga Illangasinghe CEO - Sunshine Pharmaceuticals CEO - Sunshine Medical Devices COO - Healthguard Pharmacy Sector Financial Controller - and Healthguard Distribution and Lina Manufacturing Healthcare Shyam
Slide 4: Corporate Announcements
Corporate Announcements • 30th March 2026 – Sunshine Holdings PLC completed the acquisition of Joint Agri Products Ceylon (Private) Limited (JAPC) for LKR 2.7 Bn, resulting in an effective 75% stake post-restructuring. More Information on JAPC • Sunshine Holdings PLC has declared a Final dividend of
Slide 5: Group Performance
Group Performance
Slide 6: Group at a glance – FY26
Group at a glance – FY26 Revenue Composition – FY26 LKR 9.3bn LKR 5.0bn LKR 1.55 Agriculture 0.1% YoY -2.5% YoY -12.5% YoY 18.9% EBIT Earnings EPS 14.3% LKR 65.9bn 26.8% 15.2% LKR 10.12 4.9 pts YoY -2.6 pts YoY -1.9% YoY 28.9% 11.2% Gearing ROE NBV Healthcare 14.9% 56.8% Consumer LKR 57.9bn 19.0x 6.
Slide 7: Group – Performance Highlights
Group – Performance Highlights FY26* FY25* Growth % 4QFY26* 4QFY25* Growth % Revenue 65,925 59,282 11.2% 17,068 14,097 21.1% EBIT 9,283 9,278 0.1% 1,806 1,887 -4.3% EBIT margin 14.1% 15.7% 10.6% 13.4% PAT 5,036 5,165 -2.5% 765 483 58.5% PAT margin 7.6% 8.7% 4.5% 3.4% PATMI 3,053 3,490 -12.5% 496 128
Slide 8: Movement in Revenue & EBIT
Movement in Revenue & EBIT Revenue Movement [LKR Million] EBIT Movement [LKR Million] 1,498 1 65,925 64 9,283 9,278 875 4,852 292 59,282 126 (1,059) FY25 Healthcare Consumer Agri Other FY26 FY25 Healthcare Consumer Agri Other FY26 Revenue Composition – Revenue QoQ 18.0 16.0 13% 13% 14% 16% 16% 14.0
Slide 9: Healthcare
Healthcare
Slide 10: Sunshine Healthcare overview
Sunshine Healthcare Lanka 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 FY26 Sri Lanka’s first facility for Respiratory Care Manufacturing Capsules Tablets Nasal Spray Devices Creams
Slide 11: Healthcare Sector – Highlights
Healthcare Sector – Highlights Sector Highlights 9,756 10,348 8,619 8,714 Healthcare sector revenue grew 32.6% YoY in 4QFY26, driven by 7,804 sustained momentum across the agency, distribution, and retail businesses. The sector posted total revenue of LKR 37.4 Bn for FY26, representing 14.9% YoY gro
Slide 12: Sunshine Pharmaceuticals – Performance Highlights
Sunshine Pharmaceuticals – Performance Highlights Business Highlights 8,877 The pharmaceutical segment’s revenue declined by 18.5% YoY in 4QFY26, primarily due to delayed imports caused by import license renewal backlogs. 5,137 4,730 4,609 3,758 The segment posted total revenue of LKR 22.5 Bn for FY
Slide 13: Healthguard Distribution – Performance Highlights
Healthguard Distribution – Performance Highlights Business Highlights 6,549 5,869 5,894 5,969 The Distribution segment’s revenue grew by 26.5% YoY in 4QFY26, 5,177 driven by a significant volume increase of 27.4% YoY during the quarter. For FY26, the segment posted total revenue of LKR 24.3 Bn, supp
Slide 14: Sunshine Medical Devices – Performance Highlights
Sunshine Medical Devices – Performance Highlights Business Highlights 1,453 1,464 1,251 1,237 1,151 The Medical Devices segment recorded a 27.3% YoY revenue growth in 4QFY26, reflecting improved performance during the quarter. In FY26, revenue in the segment grew by 12.3% YoY to LKR 5.4 Bn, supporte
Slide 15: Lina Manufacturing – Performance Highlights
Lina Manufacturing – Performance Highlights Business Highlights 1,174 During 4QFY26, revenue from the manufacturing business recorded 906 931 895 a robust growth of 105.1% YoY, primarily driven by government product deliveries aligned with the new calendar year 2026. 437 During FY26 revenue stood at
Slide 16: Healthguard Pharmacy – Performance Highlights
Healthguard Pharmacy – Performance Highlights 762 Business Highlights 752 756 The Retail segment, Healthguard Pharmacy, recorded a 5.9% YoY 735 increase in revenue for 4QFY26, driven by volume and value growth across both pharmaceutical and wellness ranges. 713 For FY26, the segment reported total r
Slide 17: Consumer Sector
Consumer Sector
Slide 18: Sunshine Consumer overview
Sunshine Consumer, market leader in branded tea and confectionery Brand Portfolio Revenue Split FY26 Tea -2% Largest branded tea company in Sri Lanka – 48.4% General 37% Trade market share. *Pepper Cube May 2025 I Shares are 3 months average for end period Catering to three distinct need and value s
Slide 19: Consumer Sector – Highlights
Consumer Sector – Highlights Sector Highlights 4,983 4,781 4,732 4,542 The Consumer sector, including both export and domestic 4,374 businesses, recorded a revenue of LKR 4.5 Bn, an improvement of 3.8% YoY in 4QFY26. The growth was moderated primarily due to weaker performance in the export segment.
Slide 20: Tea Brands – Performance Highlights
Tea Brands – Performance Highlights Business Highlights 2,725 2,650 2,631 Revenue from the Branded Tea business grew by 8.9% YoY to LKR 2.6 Bn in 4QFY26, driven by strong execution in modern trade and 2,433 retail channels with focused promotions. 2,276 For FY26, the segment recorded total revenue o
Slide 21: Confectionery Brands – Performance Highlights
Confectionery Brands – Performance Highlights Business Highlights 557 Revenue from the Confectionery business improved by 7.2% YoY in 530 4QFY26 supported by promotion initiatives and wider coverage. 529 494 For FY26, the segment reported total revenue of LKR 2.1 Bn, 476 reflecting an 8.5% improveme
Slide 22: Exports – Performance Highlights
Exports – Performance Highlights Business Highlights 2,066 The export business recorded a revenue contraction of 5.2% YoY in 1,850 1,628 4QFY26 to reach LKR 1.5 Bn, mainly due to the change of product 1,532 1,452 mix from the value addition range to bulk tea orders. For FY26, the segment reported to
Slide 23: Agribusiness
Agribusiness
Slide 24: Watawala Plantations overview
Watawala Plantations PLC primarily engages in palm oil and dairy farming Palm Oil Revenue Split FY26 A land extent of ~3,400 Ha under palm oil cultivation 12% The first in South Asia to receive RSPO certification for sustainable oil palm plantation Positioning – largest oil palm cultivator in Sri La
Slide 25: Agribusiness – Highlights
Agribusiness – Highlights Sector Highlights 2,698 2,492 The Agribusiness sector reported revenue of LKR 2.2 Bn in 4QFY26, reflecting a 13.3% YoY improvement, driven by the 2,078 2,175 performance of the palm oil business. 1,919 1,329 For FY26, the sector reported total revenue of LKR 9.4 Bn, 1,216 7
Slide 26: Palm Oil – Performance Highlights
Palm Oil – Performance Highlights Business Highlights 2,213 2,398 The Palm Oil segment recorded 16.8% YoY improvement in revenue in 4QFY26, driven by both volume growth and favorable Net Sales 1,652 1,813 1,930 Averages for CPO and KPO. For FY26, the segment reported total revenue of LKR 8.4 Bn, 1,3
Slide 27: Dairy – Performance Highlights
Dairy – Performance Highlights Business Highlights 279 300 267 265 245 The dairy business recorded an 8.5% YoY contraction in revenue in 4QFY26, despite the increase in the milk selling price. Contraction in revenue was mainly due by the reduction in milk yield. This trend persisted over the full ye
Slide 28: Q&A
Q&A
Slide 29: Appendix
Appendix
Slide 30: Key ratios – FY26
Key ratios – FY26 INVESTOR RATIOS PROFITABILITY RATIOS FY26 FY25 FY26 FY25 LKR 1.55 LKR 1.77 28.9% 30.1% EPS TTM EPS TTM 15.18% 17.81% GP Margin GP Margin ROE ROE 14.1% 15.7% 18.95 12.12 EBIT Margin EBIT Margin PER TTM PER TTM 10.12 10.32 NAV NAV 7.6% 8.7% 2.91 2.08 PAT Margin PAT Margin PBV PBV Foo
Slide 31: Summary of Joint Agri Products Ceylon (Private) Limited
Summary of Joint Agri Products Ceylon (Private) Limited 30+ USD 20mn 25+ Years of experience Revenue Worldwide Markets Acquisition of 75% controlling interest 350+ 6,000+ 2.9mn kg Employees Farmers’ network Processed Largest organic spice exporter with 30+ year 100,000+ sq. ft Ceylon Cinnamon PGI op
Slide 32: Sunshine Pharmaceuticals – Market Dynamics
Sunshine Pharmaceuticals – Market Dynamics During 4Q IQVIA, the market experienced a growth of 9.5% (2025 MAT%) 64.8% 12.8% 10.4% 10.3% 10.3% 10.2% 26.7% 16.9% 17.3% 14.3% 12.0% 11.6% 9.3% 9.5% 7.6% 7.3% 5.1% 3.0% 2.2% -18.5% 4QFY25 1QFY26 2QFY26 3QFY26 4QFY26 SHP Value Growth YoY SHP Volume growth
Slide 33: Sunshine Medical Devices – Market Dynamics
Sunshine Medical Devices – Market Dynamics 89% 88% 88% 88% 86% 86% 85% 84% 84% 81% 81% 82% 81% 80% 77% 79% 79% 79% 77% 77% 76% 75% 73% 70% 1QFY25 2QFY25 3QFY25 4QFY25 1QFY26 2QFY26 3QFY26 4QFY26 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 23 26 26 28 28 27 27 27 28 28 27 27 29 29 28 28 29 28 29 29 28 28 27 32 30 29 31 29 80.0 8 70.0 9 9 6 6 6 5 5 5 5 5 5 5 5 5 6 6 8 7 6 5 4 5 5 6 6 6 7 60.0 50.0 46 45 45 47 47 48 49 49 49 48 48 48 47 48 48 45 46 44 45 48 48 47 50 48 49 47 49 48 40.0 30.0
Slide 35: Brand Value Market Share (%) – Confectionary
Brand Value Market Share (%) – Confectionary 100.0 90.0 23 23 23 23 22 24 24 24 25 25 25 26 25 24 24 80.0 70.0 16.3 15.4 13.7 13.0 14.0 14.9 17.7 17.6 14.7 14.4 14.5 15.1 14.2 13.0 13.3 60.0 50.0 35.1 36.7 35.6 37.2 36.4 36.1 36.4 36.2 36.4 37.2 38.1 34.9 34.3 37.1 35.6 40.0 30.0 20.0 24.0 23.9 25.5
Slide 36: Price Index – Tea and Confectionary
Price Index – Tea and Confectionary Confectionery Price Index Tea Price Index 150 147 230 145 143 143 217 217 217 142 210 203 203 203 203 203 203 203 203 203 203 203 203 203 203 203 203 203 203 203 203 203 140 193 193 193 135 133 190 131 172 172 172 172 172 130 170 166 163 162 162 163 164 125 160 16
Slide 37: Agribusiness – Price Movement
Agribusiness – Price Movement WDL's Avg Milk Price (LKR) Settlement Price (RM) 245 5,500 240 5,000 4,700 235 236.60 MALAYSIAN RINGGITS – RM 4,500 230 4,171 4,000 225 3,500 220 3,000 215 2,500 December-24 March-25 June-25 September-25 December-25 March-26 Source - Malaysian contract price Source – Ma
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-relations/