Interim Financial Statements - 30.06.2025

Access Engineering PLC

Financial Statements

For the Period Ended 30th June 2025

ACCESS ENGINEERING PLC

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

FOR THE PERIOD ENDED 30TH JUNE 2025

Income tax (expense) / reversal

Profit for the period

Remeasurement of defined benefit liability

Revaluation of Land and Buildings

Related tax

2025

2024

Unaudited

Unaudited

7,732,443,596

8,191,108,005

(5,360,822,704)

(5,813,509,286)

2,371,620,892

2,377,598,719

107,547,918

40,343,467

(630,026,691)

(486,417,551)

(15,968,352)

(7,387,223)

1,833,173,767

1,924,137,412

(523,238,846)

(475,746,195)

10,331,731

18,972,086

39,289,708

53,888,670

1,359,556,360

1,521,251,973

(377,046,258)

(349,830,446)

982,510,102

1,171,421,527

963,460,462

1,121,054,099

19,049,640

50,367,428

982,510,102

1,171,421,527

(3,439,915)

(1,610,115)

-

-

1,031,974

674,569

-

-

(2,407,941)

(935,546)

980,102,161

1,170,485,981

961,073,230

1,120,021,518

19,028,931

50,464,463

980,102,161

1,170,485,981

0.96

1.12

2025

2024

Unaudited

Unaudited

5,104,890,637

6,286,723,062

(4,055,031,033)

(4,914,313,837)

1,049,859,604

1,372,409,225

279,426,666

236,106,049

(322,137,116)

(220,323,785)

(10,074,168)

(3,106,566)

997,074,986

1,385,084,923

(348,631,994)

(320,473,918)

2,816,182

3,488,803

-

-

651,259,175

1,068,099,808

(166,327,073)

(264,209,032)

484,932,101

803,890,776

484,932,101

803,890,776

-

-

484,932,101

803,890,776

(3,250,000)

(2,500,000)

-

-

975,000

750,000

-

-

(2,275,000)

(1,750,000)

482,657,101

802,140,776

482,657,101

802,140,776

-

-

482,657,101

802,140,776

0.48

0.80

The Accounting Policies and Notes form an integral part of these Financial Statements.

Figures in brackets indicate deductions.

The above figures are subject to the Audit.

Attributable to equity holders of the parent

Group Stated capital Revaluation Foreign currency

reserve translation reserve

Retained earnings Total Non-controlling Total equity

interests

In LKR

As at 1st April 2024

9,000,000,000

817,841,594

(5,842,458)

25,704,527,350

35,516,526,487

2,415,407,639

37,931,934,126

-

-

-

1,121,054,099

1,121,054,099

50,367,428

1,171,421,527

-

-

-

(1,032,580)

(1,032,581)

97,034

(935,546)

-

-

-

1,120,021,519

1,120,021,518

50,464,463

1,170,485,981

-

-

-

-

-

-

-

Balance at 30th June 2024

9,000,000,000

817,841,594

(5,842,458)

26,824,548,869

36,636,548,005

2,465,872,102

39,102,420,107

Balance at 01st April 2025

9,000,000,000

817,841,594

(1,835,534)

30,311,485,773

40,127,491,833

2,585,486,101

42,712,977,933

Profit for the year

-

-

-

963,460,462

963,460,462

19,049,640

982,510,102

Other comprehensive income for the year, net of tax

-

-

-

(2,387,233)

(2,387,233)

(20,709)

(2,407,941)

Total comprehensive income for the year

-

-

-

961,073,229

961,073,229

19,028,931

980,102,161

Cash dividends

-

-

-

(1,000,000,000)

(1,000,000,000)

-

(1,000,000,000)

Acquistion of NCI - Harbour Village (Private) Limited

-

-

-

(4,293,182,958)

(4,293,182,958)

(1,396,082,992)

(5,689,265,950)

Balance at 30th June 2025

9,000,000,000

817,841,594

(1,835,534)

25,979,376,044

35,795,382,104

1,208,432,040

37,003,814,145

ACCESS ENGINEERING PLC

STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD ENDED 30TH JUNE 2025

Profit for the year

Other comprehensive income for the year, net of tax

Total comprehensive income for the year

Cash dividends

Company

In LKR

As at 1st April 2024

Profit for the year

Other comprehensive income for the year, net of tax

Total comprehensive income for the year

9,000,000,000

329,293,246

18,665,390,068

27,994,683,314

Profit for the year

Other comprehensive income for the year, net of tax

Total comprehensive income for the year

9,000,000,000

329,293,246

16,167,481,086

25,496,774,332

-

-

803,890,776

803,890,776

-

-

(1,750,000)

(1,750,000)

-

-

802,140,776

802,140,776

Cash dividends

-

-

-

-

Balance at 30th June 2024

9,000,000,000

329,293,246

16,969,621,862

26,298,915,108

Balance at 1st April 2025

-

-

484,932,101

484,932,101

-

-

(2,275,000)

(2,275,000)

-

-

482,657,101

482,657,101

Cash dividends

-

-

(1,000,000,000)

(1,000,000,000)

Balance at 30th June 2025

9,000,000,000

329,293,246

18,148,047,169

27,477,340,415

The Accounting Policies and Notes form an integral part of these Financial Statements.

Figures in brackets indicate deductions.

The above figures are subject to the audit.

2025

Unaudited

2024

Unaudited

2025

Unaudited

2024

Unaudited

1,359,556,360

1,521,251,973

651,259,175

1,068,099,808

271,359,883

261,324,539

164,696,733

195,454,322

17,672,426

35,716,413

1,799,493

11,463,978

1,807,925

3,811,137

1,006,555

3,599,775

11,986,049

13,940,364

7,718,521

10,344,795

1,560

889,858

-

-

(2,852)

(1,716,314)

71,555

(21,185)

(54,849)

(54,846)

-

-

(39,289,708)

(53,888,670)

-

-

-

-

(175,931,828)

(199,922,532)

512,907,115

456,774,108

345,815,811

316,985,115

2,135,943,962

2,238,048,562

996,436,067

1,406,004,075

(4,979,108,794)

(789,212,435)

85,380,888

6,994,973

(4,197,267,884)

(2,799,183,205)

(617,652,740)

(3,423,687,858)

729,900,905

(68,779,348)

691,376,196

(63,382,475)

3,393,374

109,025,598

(826,519,250)

(525,148,124)

2,983,411,791

1,612,118,903

(740,168,596)

1,521,401,497

116,970,550

(29,595,189)

(75,103,130)

(631,377)

(3,206,756,096)

272,422,884

(486,250,565)

(1,078,449,288)

(495,116,189)

(480,057,110)

(337,919,985)

(333,776,850)

(182,832,050)

(84,962,789)

(148,754,832)

(74,325,074)

(8,565,418)

(9,214,368)

(5,153,976)

(5,153,976)

(3,893,269,753)

(301,811,382)

(978,079,357)

(1,491,705,187)

(54,923,256)

-(505,000)

-(369,221,945)

203,656

-

-10,331,731

(1,160,811,299)

(3,701,660)

(1,912,500)

-(141,499,368)

1,943,377

(62,745,843)

-12,781,300

(10,587,921)

-

-

-

-

(71,556)

-175,931,828

2,816,182

(85,112,169)

(3,701,660)

-465,000,000

-21,186

-199,922,532

3,488,803

(414,114,814)

(1,355,945,994)

168,088,534

579,618,694

(1,000,000,000)

(1,498,109,000)

21,395,113,841

(14,971,035,422)

(14,931,214)

-

-12,945,364,660

(12,266,524,800)

(13,379,113)

(1,000,000,000)

(1,498,109,000)

16,200,000,000

(13,022,596,794)

-

-

-6,450,000,000

(6,394,034,538)

-

3,911,038,205

665,460,746

679,294,206

55,965,462

(396,346,363)

1,729,721,312

(992,296,630)

3,169,958,077

(130,696,618)

1,088,950,579

(856,121,032)

1,662,018,872

1,333,374,949

2,177,661,447

958,253,961

805,897,840

ACCESS ENGINEERING PLC

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30TH JUNE 2025

01

Corporate information

Access Engineering PLC ("Company") is a public limited liability company, incorporated and domiciled in Sri Lanka. The company's

registered office and the principal place of business are located at "Access Towers", 278, Union Place, Colombo 02. The ordinary shares of the Company are listed at the Colombo Stock Exchange.

02

Interim financial statements

03

Approval of financial statements

The interim financial statements of the Group and the Company for the period ended 30th June 2025 were authorized for issue by the Board of Directors on 14th August 2025.

04

Basis of preparation

The interim financial statements of the Company have been prepared in accordance with Sri Lanka Accounting Standard - LKAS 34 -

Interim Financial Reporting, and provide the information as required in term of Rule 7.4 of the Colombo Stock Exchange.

For the period ended 30th June

Transactions with related parties

In LKR

Construction income

Sales of goods and services

Purchases of goods and services

Dividend income

Purchase of plants and equipments

Dispose of investment property

Group

Company

2025

2024

2025

2024

-

-

778,125,011

425,391,256

8,244,596

3,213,943

38,762,675

4,418,304

(52,728,109)

(16,705,910)

(71,788,228)

(37,993,340)

-

-

175,931,828

199,922,532

-

(494,702,597)

-

-

-

-

-

465,000,000

05

Related party transactions

06

Other Information

06.1

Acquisition of Non-Controlling Interest in harbour Village (Private) Limited - 33.33%

07

Comparative information

The presentation and classification of the Financial Statements of the previous years have been amended, where relevant for better presentation and to be comparable with those of the current year.

07.1

Fair value measurement and related fair value disclosures

The fair values of all the financial assets and financial liabilities recognized during the period were not materially different from the transaction prices at the date of initial recognition. There were no transfers between Level 1 and Level 2 and no transfers into or out of Level 3 categories as per the fair value hierarchy, during the period.

ACCESS ENGINEERING PLC

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30TH JUNE 2025

8

SEGMENT INFORMATION

Accounting policy

The Board of Directors monitors the operating results of its business units separately for the purpose of making decisions about resource allocation and performance assessment. Segment performance is evaluated based on profit or loss and is measured consistently with profit or loss in the Consolidated Financial Statements.

Business Segment

Operations

Civil Engineering Multi-disciplinary construction and construction-related services

Construction Material Production Production and supply of construction related material such as asphalt product, quarry products, crusher products, ready-mix concrete and other construction material.

Mechanical Engineering Maintenance of port machinery

Properties commercial offices Focuses on the developing and managing of premium office spaces, designed to meet the evolving needs of modern businesses.

Properties - commercial warehouses Provides modern warehousing and logistics facilities to support storage and supply chain management

Condominium Proerties Development, sale & leasing of residential and commercial properties

Renewable Energy To engage in the generation and operation of renewable energy facilities.

Automobile Importing and distribution or sale of three branded motor vehicles, selling spare parts and operates of work shops for services & repairs

Radiopharmaceutical Involving in the manufacture and distribution of FDG radioisotope.

8.1

Business segment

Construction Properties

Civil Engineering Material Mechanical Condominium Renewable Automobile Radiopharmace Adjustments & Group Total

production Engineering Commercial Commercial Proerties Energy utical eliminations

offices warehouses

For the period ended 30th June 2025 (unaudited)

In LKR

Revenue

External customers

Inter-segment

Total revenue

3,153,167,763

1,205,274,415

55,410,123

319,729,897

559,311,302

784,125,011

31,736,641

-

25,879,784

15,000,000

3,937,292,773

1,237,011,056

55,410,123

345,609,681

574,311,302

-

174,715,535

2,264,834,562

-

- -

9,020,113

-

- 174,715,535

2,273,854,675

-

-

7,732,443,597

(865,761,549)

-

(865,761,549)

7,732,443,596

Segment operating profit

625,474,494

336,945,679

12,951,801

226,881,781

427,260,306

21,746,003

123,871,661

237,169,247

(77,824)

(179,049,381)

1,833,173,767

Net finance income / (cost)

(207,107,871)

(146,841,558)

-

(3,141,724)

(79,254,063)

-

(40,299,989)

(36,773,152)

511,241

-

(512,907,116)

Share of results of equity-accounted investees, net of tax (Note 7.2)

-

-

34,505,796

-

4,783,912

-

-

-

39,289,708

Income tax expense

(97,392,705)

(68,934,368)

(3,849,469)

(81,821,067)

(38,993,416)

(10,227,097)

(16,687,789)

(59,140,346)

-

-

(377,046,258)

Segment profit

320,973,919

121,169,753

43,608,128

141,918,990

309,012,827

16,302,818

66,883,883

141,255,748

433,417

(179,049,381)

982,510,102

Capital expenditure

9,867,671

720,250

547,980

1,225,116

137,000

335,958,222

-

31,604,556

45,615,837

(1,026,431)

424,650,201

Depreciation and amortisation

115,601,610

70,659,423

200,721

6,229,629

3,850,423

2,382,956

36,751,094

40,609,506

29,032

(3,117,553)

273,167,808

As at 30 June 2025 (unaudited)

Segment assets

Segment liabilities

59,579,710,439

5,668,345,505

72,971,155

12,926,464,685

31,608,431,399

36,122,173,133

2,891,073,281

7,841,534,671

508,908,141

35,363,548,101

1,963,426,228

28,890,229

4,015,850,839

7,608,658,526

31,934,718,996

1,888,850,000

5,200,530,700

8,013,600

(39,237,792,948)

117,981,819,461

(7,034,481,903)

80,978,005,317

Civil Engineering

Construction Material production

Mechanical Engineering

Properties

Condominium Proerties

Renewable Energy

Automobile

Radiopharmac eutical

Adjustments & eliminations

Group total

Commercial offices

Commercial warehouses

For the period ended 30th June 2024 (unaudited) In LKR

Revenue

External customers

4,540,756,878

1,805,217,153

-

294,350,243

577,590,256

-

-

973,193,475

-

-

8,191,108,005

Inter-segment

425,391,256

13,368,440

-

29,746,631

-

- -

-

-

(468,506,327) -

Total revenue

4,966,148,134

1,818,585,593

-

324,096,874

577,590,256

- -

973,193,475

-

(468,506,327) 8,191,108,005

Segment operating profit

964,630,408

354,106,652

-

213,747,923

249,865,391

29,611,285

-

267,015,949

-

(154,840,197)

1,924,137,412

Net finance income / (cost)

(252,860,224)

(78,727,475)

-

3,336,365

(97,811,888)

-

-

(30,710,886)

-

-

(456,774,109)

Share of results of equity-accounted investees, net of

tax (Note 7.2 )

-

-

59,107,042

-

-

(5,218,372)

-

-

-

-

53,888,670

Income tax expense

(143,752,425)

(120,456,607)

(37,567,808)

-

(7,689,635)

-

(40,363,970)

-

- (349,830,446)

Segment profit

568,017,759

154,922,570

59,107,042

179,516,479

152,053,503

16,703,278.12

-

195,941,093

-

(154,840,197) 1,171,421,528

Capital expenditure

88,604,507

-

-

2,712,664

3,530,343

142,153,058

-

1,067,876,285

-

(653,689)

1,304,223,168

Depreciation and amortisation

149,599,296

66,835,543

-

7,195,672

4,061,429

1,580,741

-

29,924,172

-

5,938,822

265,135,675

As at 31 March 2025 (audited)

Segment assets

53,588,472,206

5,692,032,699

48,833,881.76

12,874,420,530

31,599,185,722

31,221,831,035

2,896,104,218

4,837,955,524

526,633,138

(33,305,995,701)

109,979,473,252

Segment liabilities

28,238,295,275

2,568,253,973

13,855,288.98

3,955,933,708

7,433,170,895

27,045,895,803

2,409,879,738

2,338,019,512

26,172,014

(6,762,980,892)

67,266,495,317

ACCESS ENGINEERING PLC

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30TH JUNE 2025

09

Share Information

09.1

Public Share Holdings

Percentage of shares held by the public and the number of public shareholders are as follows.

As at

Public shareholding (%)

Number of public shareholders

Compliant under option 1 - Float adjusted market capitalization (LKR Mn)

30th June 2025

38.25

10,632

16,832

31st March 2025

38.25

9,806

14,728

09.2

Directors Share Holdings

The number of shares held by the Board of Directors are as given below

As at

30th June 2025

Number of Shares

%

31st March 2025

Number of Shares

%

Mr. S J S Perera

Mr. J C Joshua

Mr. S H S Mendis

Mr. D A R Fernando

Mr. S D Munasinghe

Mr. S D Perera

Mr. Shamal J S Perera

C V Kulatilaka

M J S Rajakariar

R P Pathirana

250,000,000

25.00%

102,000,000

10.20%

30,150,000

3.02%

30,150,000

3.02%

30,150,000

3.02%

2,000,000

0.20%

51,159,365

5.12%

Nil

Nil

Nil

Nil

500

0.00%

250,000,000

102,000,000

30,150,000

30,150,000

30,150,000

2,000,000

51,159,365

Nil

Nil

500

25.00%

10.20%

3.02%

3.02%

3.02%

0.20%

5.12%

Nil

Nil

0.00%

09.3

Twenty largest shareholders

Twenty largest shareholders of the Company are as given below,

30th June 2025 31st March 2025

Number of Shares

% Number of Shares %

250,000,000

25.00% 250,000,000 25.00%

102,000,000

10.20% 102,000,000 10.20%

70,000,000

7.00% 70,000,000 7.00%

51,159,365

5.12% 51,159,365 5.12%

45,000,000

4.50% 45,000,000 4.50%

32,200,000

3.22% 32,200,000 3.22%

30,150,000

3.02% 30,150,000 3.02%

30,150,000

3.02% 30,150,000 3.02%

30,150,000

3.02% 30,150,000 3.02%

21,712,207

2.17% 20,487,138 2.05%

20,478,289

2.05% 20,478,289 2.05%

13,000,000

1.30% 13,000,000 1.30%

12,138,117

1.21% 12,138,117 1.21%

9,761,933

0.98% 5,684,353 0.57%

9,128,738

0.91% 8,940,469 0.89%

6,653,848

0.67% 6,653,848 0.67%

6,462,327

0.65% 5,462,327 0.55%

5,955,273

0.60% 6,387,363 0.64%

5,861,019

0.59% 4,007,000 0.40%

5,507,835

0.55% 5,507,835 0.55%

757,468,951

75.75% 749,556,104 74.96%

242,531,049

24.25% 250,443,896 25.04%

1,000,000,000

100.00% 1,000,000,000 100.00%

1

Mr Sumal.J.S. Perera

2

Mr J.C. Joshua

3

Mrs R.M.N. Joshua

4

Mr Shamal J.S. Perera

5

Mrs D.R.S. Malalasekera

6

Access International (Pvt) Limited

7

Mr. S.H.S. Mendis

8

Mr. D.A.R. Fernando

9

Mr. S.D. Munasinghe

10

J.B. Cocoshell (Pvt) Ltd

11

Employee's Provident Fund

12

Access Medical (Pvt) Ltd

13

Mr. M.J. Fernando (Deceased)

14

DFCC Bank PLC A/C No .02

15

Union Assurance Plc-Universal Life Fund

16

Mr. J.W. Nanayakkara & Mrs. H.D.Nanayakkara

17

Deutsche Bank Ag As Trustee For Jb Vantage Value Equity Fund

18

Invenco Capital Private Limited

19

Deutsche Bank Ag Trustee To Lynear Wealth Dynamic Opportunities Fund

20

Mr. D.C. Joshua

Others

Total

ACCESS ENGINEERING PLC

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30TH JUNE 2025

09.4

Stated Capital

Stated Capital is represented by number of shares in issue as given below.

As at

Ordinary Shares

30th June 2025

1,000,000,000

31st March 2025

1,000,000,000

09.5

Net assets per share

09.6

Market Price Per Share

In LKR

Highest

Lowest

Last Traded

44.30

34.80

44.00

Debt Security related ratios

For the year ended as at 31st March

Debt to equity ratio (%)

Quick assets ratio (times)

Interest cover (times)

2025

69

0.98

2.86

09.8

Bank guarantees issued by the banks on behalf of the Company as at 30th June 2025 are as follows.

09.7

Contingent liabilities

There were no changes in the nature of the contingent liabilities since the publication of Annual Report for the year ended 31st March 2025 except for the following:

26.10

22.50

23.80

2024

54

1.12

4.41

Hatton National Bank PLC

Bank of Ceylon

People's Bank

Commercial Bank of Ceylon PLC

Cargills Bank Limited

Seylan Bank PLC

DFCC Bank PLC

1,603,946,289

1,430,147,571

321,537,533

158,779,844

796,736,252

2,321,431,857

264,640,000

6,897,219,345

09.9

Corporate guarantees

Further following corporate guarantees has been issued by the company on behalf of,

1. Access Projects (Private) Limited

LKR 250 Mn

2.Sathosa Motors PLC

LKR 500 Mn

3.Harbour Village (Private) Limited

LKR 8,500 Mn

3.Access Logistic (Private) Limited

LKR 850 Mn

4.Access Logistic Park Ekala (Private) Limited

USD 14.6 Mn & LKR 1,150

09.10

Events after the reporting period

There have been no material events after the reporting date, that would require adjustments to or disclosure in the Financial Statements.

ACCESS ENGINEERING PLC

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30TH JUNE 2025

Name of Company

Access Engineering PLC

Registered office

Access Engineering PLC

Access Tower,

278, Union Place,

Colombo 02.

Tel: +94 11 7606606

Fax: +94 11 7606605

Web: https://www.accessengsl.com

E-mail: investor.relations@accessengsl.com

Legal Form

A Public Limited Liability Company incorporated in Sri Lanka on 31st July 2001 under the Companies Act

No. 17 of 1982 and Re-registered under the Companies Act No. 07 of 2007 on 06th February 2008.

Company Registration Number

P B 200 PQ

Bankers

Bank of Ceylon

Sampath Bank PLC

Hatton National Bank PLC

Nations Trust Bank PLC

Commercial Bank of Ceylon PLC

DFCC Bank PLC

People's Bank

National Development Bank PLC

Union Bank of Colombo PLC

Cargills Bank Limited

CAC International Bank

International Commercial Bank

Seylan Bank PLC

Directors

S J S Perera - Chairman

J C Joshua - Executive Vice Chairman

D A R Fernando - Managing Director

S H S Mendis

S D Munasinghe

S D Perera

Shamal J S Perera

C V Kulatilaka

M J S Rajakariar

R P Pathirana

Audit Committee

M J S Rajakariar - Chairman

C V Kulatilaka

R P Pathirana

S D Perera

Shamal J S Perera

R P Pathirana - Chairman

M J S Rajakariar

C V Kulatilaka

Shamal J S Perera

M J S Rajakariar - Chairman

C V Kulatilaka

R P Pathirana

D A R Fernando

Secretaries

P W Corporate Secretarial (Private) Limited

No 3/17, Kynsey Road,

Colombo 08.

Tel: +94 11 4640360

Fax: +94 11 4740588

C V Kulatilaka - Chairman

R P Pathirana

S J S Perera

Registrars

Central Depository Systems (Pvt) Limited

Ground Floor, M & M Centre, 341/5, Kotte Road,

Rajagiriya

Tel: +94 11 2356444

Fax: +94 11 2440396

Auditors

Messrs KPMG

Chartered Accountants

32A, Sir Mohamed Macan Markar Mawatha,

Colombo 03.

Tel: +94 11 2426426

Fax: +94 11 2445872