Acl Cables PlcCSELK: ACL.N0000

Quarterly Financial Statements for the period ended 30th June 2025

· Issued by Acl Cables Plc

INTERIM FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED 30TH JUNE 2025

UNAUDITED

s


ACL CABLES PLC (PQ 102)

ACL CABLES PLC

CONSOLIDATED STATEMENT OF PROFIT OR LOSS

(all amounts in Sri Lanka Rupees thousands)

For the period ended 30 June

Revenue from contracts with customers Cost of sales

Gross profit Other income Distribution costs

Administrative costs

Results from operating activities

Net finance (costs) /income

Share of profit of investments accounted for using the equity method

Profit before income tax Income tax expenses Profit for the Period Profit attributable to :
  • Owners of the parent
  • Non-controlling interests Earnings per share (Basic/Diluted) (Rs.)

    Unaudited

    Group

    Company

    2025

    2024

    2025

    2024

    9,849,742

    8,725,804

    5,027,097

    4,214,611

    (6,922,551)

    (6,375,454)

    (3,836,354)

    (3,242,590)

    2,927,191

    2,350,350

    1,190,743

    972,020

    22,060

    19,283

    12,865

    38,774

    (422,379)

    (425,740)

    (205,069)

    (219,058)

    (306,676)

    (264,827)

    (72,409)

    (70,082)

    2,220,195

    1,679,066

    926,130

    721,653

    302,440

    242,144

    67,491

    12,694

    34,698

    46,726

    -

    -

    2,557,333

    1,967,936

    993,620

    734,347

    (686,097)

    (493,231)

    (274,990)

    (204,977)

    1,871,237

    1,474,705

    718,631

    529,370

    1,606,780

    1,251,682

    718,631

    529,370

    264,457

    223,023

    -

    -

    1,871,237

    1,474,705

    718,631

    529,370

    6.71

    5.22

    3.00

    2.21

    ACL CABLES PLC

    STATEMENT OF COMPREHENSIVE INCOME

    (all amounts in Sri Lanka Rupees thousands)

    For the period ended 30 June

    Profit for the period

    Fair value adjustment for financial assets measured at fair value through OCI

    Currency translation difference

    Other comprehensive income for the period, net of tax Total comprehensive income for the period, net of tax Total comprehensive income attributable to:
  • Owners of the parent
  • Non-controlling interests
Total comprehensive income for the period, net of tax

Group

Company

2025

2024

2025

2024

1,871,237

1,474,705

718,631

529,370

20,636

10,013

2,545

186

23,994

23,818

-

-

44,629

33,381

2,545

186

1,915,866

1,508,536

721,176

529,556

1,633,356

282,510

1,270,813

237,723

721,176

-

529,556

-

1,915,866

1,508,536

721,176

529,556

Unaudited

ACL CABLES PLC

STATEMENT OF FINANCIAL POSITION

Unaudited

(all amounts in Sri Lanka Rupees thousands)

Group

Company

As at

30-Jun-25

31-Mar-25

30-Jun-25

31-Mar-25

ASSETS

Non-current assets Property, plant and equipment Capital Work in progress Investment property Intangible assets

Right of use assets Investment in subsidiaries

Investment in equity accounted investee

Financial assets measured at fair value through OCI

6,087,621

341,788

1,828,750

68,281

16,739

-842,562

808,386

6,126,245

335,161

1,828,750

68,281

11,053

-804,006

787,745

2,379,018

-639,750

-

-1,103,744

345,093

29,348

2,403,621

-639,750

-

-1,103,744

345,093

26,803

9,994,126

9,961,241

4,496,953

4,519,011

Current assets

Inventories

Trade and other receivables

Financial assets at fair value through Profit or Loss Cash and cash equivalents

12,336,528

8,519,147

6,091,315

7,668,013

12,133,244

7,319,317

5,957,482

7,950,630

7,164,414

4,316,199

1,113,028

2,049,662

7,240,740

3,568,095

1,088,623

2,293,971

34,615,002

33,360,673

14,643,303

14,191,429

TOTAL ASSETS

44,609,131

43,321,914

19,140,256

18,710,440

EQUITY AND LIABILITIES

Capital and reserves Stated capital Revaluation reserve General reserve

Foreign currency translation reserve

Fair value reserve of financial assets at FVOCI Retained earnings

299,488

3,522,339

1,123,825

119,462

211,200

26,837,939

299,488

3,522,339

1,123,825

107,225

196,860

25,231,160

299,488

1,651,103

680,266

-19,102

11,593,919

299,488

1,651,103

680,266

-16,557

10,875,287

Equity attributable to owners of the parent

32,114,253

30,480,897

14,243,879

13,522,701

Non-controlling interests

5,505,494

5,222,987

-

-

Total equity

37,619,748

35,703,884

14,243,879

13,522,701

Non-current liabilities Defined benefit obligations Deferred tax liability Lease Liabilities Borrowings

567,286

1,187,603

384

115,657

555,327

1,188,370

409

120,319

281,314

417,945

-76,019

277,329

417,945

-95,497

1,870,930

1,864,425

775,278

790,771

Current liabilities

Trade and other payables Current income tax liability Borrowings

Lease Liabilities Bank overdraft

1,612,507

2,524,800

845,943

16,713

118,491

2,134,702

2,344,777

1,207,726

8,946

57,454

2,356,031

1,329,204

400,000

-35,865

2,493,852

1,214,421

650,000

-38,695

5,118,454

5,753,606

4,121,100

4,396,968

Total liabilities

6,989,384

7,618,031

4,896,378

5,187,739

Total equity and liabilities

44,609,131

43,321,914

19,140,256

18,710,440

Net asset value per share

134.05

127.23

59.45

56.44

Highest and Lowest Market Price recorded during the quarter;

Highest price (Rs.)

151.00

144.00

Lowest price (Rs.)

115.00

113.00

Last traded price (Rs.)

149.50

122.00

It is certified that these financial statements have been prepared in compliance with the requirements of Companies Act, No. 07 of 2007.

Sgd. Mahesh Amarasiri

Group Chief Financial Officer

Sgd. Sgd. U. G. Madanayake Suren Madanayake

Chairman Managing Director

15 August 2025 Colombo

ACL CABLES PLC

STATEMENT OF CHANGES IN EQUITY - GROUP

(all amounts in Sri Lanka Rupees thousands)

For the period ended 30 June

Unaudited

Attributable to owners of the company

Balance as at 1 April 2025

Net profit

Fair value adjustment for financial assets measured at fair value through OCI

Currency translation difference

FV Reserve

Stated Revaluation General of FA at capital reserves reserve FVOCI

Foreign currency

translation reserve

Non

Retained controlling Total

profit Total interest equity

299,488

3,522,339

1,123,825

196,860

107,225

25,231,160

30,480,608

5,222,987

35,703,884

-

-

-

-

-

1,606,780

1,606,780

264,457

1,871,237

-

-

-

14,339

-

-

14,339

6,297

20,636

-

-

-

-

12,237

-

12,237

11,757

23,994

-

-

-

14,339

12,237

1,606,780

1,633,356

282,510

1,915,866

-

-

-

-

-

-

-

-

-

299,488

3,522,339

1,123,825

211,200

119,462

26,837,940

32,113,963

5,505,494

37,619,748

Total comprehensive income Dividends

Balance as at 30 June 2025

For the year ended 31 March 2025

Attributable to owners of the company

FV Reserve

Stated Revaluation General of FA at capital reserves reserve FVOCI

Foreign currency

translation reserve

Non

Retained controlling Total

profit Total interest equity

Balance as at 1 April 2024

299,488

3,505,056

1,123,825

260,791

120,716

21,314,711 26,624,587 4,381,917 31,006,504

Profit for the period

Fair value adjustment for financial assets

-

-

-

-

1,251,682 1,251,682 223,023 1,474,705

measured at fair value through OCI -

-

- 6,593

-

-

6,593

3,420

10,013

Currency Translation difference -

-

- -

12,538

-

12,538

11,280

23,818

Total comprehensive income -

-

-

6,593

12,538 1,251,682 1,270,813 237,723 1,508,536

Dividends -

-

-

-

- - - (24,299) (24,299)

Balance as at 30 June 2024

299,488

3,505,056

1,123,825

267,384

133,254

22,566,393

27,895,400

4,595,341

32,490,741

Balance as at 01 July 2024

299,488

3,505,056

1,123,825

267,384

133,254

22,566,393

27,895,400

4,595,341

32,490,741

Profit for the period -

-

- -

-

3,004,681

3,004,681

618,134

3,622,815

Fair value adjustment for financial assets

measured at fair value through OCI - -

- (112,387)

-

(112,387)

6,332

(106,055)

for FAOCI - -

Re-measurements of post employment

benefit obligation - -

- 41,864

- -

-

-

(64,362)

41,864

-(64,362)

-

-

41,864

(64,362)

Deferred tax on re-measurement of post

employment benefit obligation - -

- -

19,150

-19,150

-

19,150

Currency Translation difference -

Gain on revaluation of Land and Buildings - -

Deferred tax on revaluation of land and

buildings 22,726

- -

(26,029)

-

-

(26,029)

-

-22,726

(24,242)

-

-

(50,271)

-

22,726

Share of other comprehensive income of

equity accounted investee - -

- -

(967)

-(967)

-

(967)

Share of other comprehensive income related tax of equity accounted investee

-

290

-290

-290

Total comprehensive income

-

22,726

- (70,523)

(26,029)

2,958,792

2,884,676

600,224

3,485,190

Adjustment on changes to non controlling interest in subsidiary

- -

-

- -

-

106,150

106,150

Transfer from revaluation reserve

- -5,444

-

- 5,444

-

-

-

Dividends

- -

-

- (299,468)

(299,468)

(78,727)

(378,195)

Balance as at 31 March 2025

299,488

3,522,339

1,123,825

196,860

107,225

25,231,160

30,480,608

5,222,987

35,703,884

- -

Deferred tax on the fair value adjustment

Page 5

ACL CABLES PLC

STATEMENT OF CHANGES IN EQUITY - COMPANY

(all amounts in Sri Lanka Rupees thousands)

For the period ended 30 June

Unaudited

FV Reserve

Stated Revaluation General of FA at Retained

capital reserve reserve FVOCI profit Total

Balance as at 1 April 2025

299,488

1,651,103

680,266

16,557

10,875,288

13,522,704

Net profit

-

-

-

-

718,631

718,631

measured at fair value through OCI

-

-

-

2,545

-

2,545

Total comprehensive income

-

-

-

2,545

718,631

721,176

Dividends

-

-

-

-

-

-

Balance as at 30 June 2025

299,488

1,651,103

680,266

19,102

11,593,919

14,243,879

No of shares as at 30 June 2025

239,574,720

For the year ended 31 March 2025

FV Reserve

Stated capital

Revaluation reserve

General reserve

of FA at FVOCI

Retained profit

Total

Balance as at 1 April 2024

299,488

1,651,103

680,266

7,117

8,794,286

11,432,261

Profit for the period

-

-

-

-

529,370

529,370

Fair value adjustment for financial assets measured at fair value through OCI

-

-

-

186

-

186

Total comprehensive income

-

-

-

186

529,370

529,556

Balance as at 30 June 2024

299,488

1,651,103

680,266

7,303

9,323,656

11,961,817

Balance as at 01 July 2024

299,488

1,651,103

680,266

7,303

9,323,656

11,961,817

Profit for the period

-

-

-

-

1,878,857

1,878,857

Fair value adjustment for financial assets

measured at fair value through OCI

-

-

-

9,254

-

9,254

Re-measurements of defined

benefit obligation

-

-

-

-

(39,653)

(39,653)

Deferred tax on re-measurement of defined

benefit obligation

-

-

-

-

11,896

11,896

Total comprehensive income

-

-

-

9,254

1,851,100

1,860,354

Dividends

-

-

-

-

(299,468)

(299,468)

Balance as at 31 March 2025

299,488

1,651,103

680,266

16,557

10,875,288

13,522,703

No of shares as at 31 March 2025

239,574,720

Fair value adjustment for financial assets

ACL CABLES PLC STATEMENT OF CASH FLOW

(all amounts in Sri Lanka Rupees thousands)

For the period ended 30 June

CASH FLOW FROM OPERATING ACTIVITIES

Profit/(loss) before tax

Adjustments for:

Depreciation of property, plant and equipment

Share of profit from equity accounted investee (net of tax) Dividend income

Interest expense/(income)

Income from unit trust investments Defined benefit obligations

Effect of movements in exchange rates

Changes in working capital:

(Increase)/Decrease in;

Inventories

Receivables and prepayments Increase/(Decrease) in;

Trade and other payables

Cash generated from/ (used in) operations

Interest received/(paid) Defined benefit obligations paid

Income tax paid less refund received

WHT on dividend paid by subsidiary to non-controlling interests

Net cash (used in)/from operating activities CASH FLOW FROM INVESTING ACTIVITIES

Purchase and construction of property, plant and equipment

Dividend received

Investment in Financial assets at Fair value through Profit or Loss

Net cash from/(used in) investing activities CASH FLOW FROM FINANCING ACTIVITIES

Short term borrowings net of payments Long term borrowings net of payments Principal element of lease payment

Dividends paid by subsidiaries to non-controlling interests

Net cash generated from/ (used in) financing activities

Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of the period Cash and cash equivalents at the end of the period

Unaudited

GROUP

COMPANY

2025

2024

2025

2024

2,557,333

1,967,936

993,620

734,347

86,649

86,316

28,350

28,951

(38,556)

(46,726)

-

-

-

-

-

(27,011)

(302,440)

(298,092)

(67,491)

58,131

(130,986)

(55,948)

(24,405)

(14,621)

21,000

19,151

8,143

8,076

12,237

(21,164)

-

-

2,205,237

1,651,473

938,218

787,873

(203,284)

(298,908)

76,326

(69,962)

(1,199,830)

(1,045,248)

(748,104)

(255,837)

(522,195)

(842,788)

(137,821)

(416,427)

279,928

(535,473)

128,619

45,647

302,440

(9,041)

(506,895)

-

298,092

(27,639)

(397,324)

(9,044)

67,491

(4,158)

(160,207)

-

(58,131)

(12,363)

(73,470)

-

66,432

(671,388)

31,744

(98,317)

(43,641)

-

-

(166,726)

-

(495,000)

(3,747)

-

-

(1,843)

27,011

-

(43,641)

(661,726)

(3,747)

25,168

(361,783)

149,547

(250,000)

46,553

(4,662)

(66,027)

(19,478)

(56,165)

(273)

-

(24,299)

-

-

(366,445)

58,948

(269,478)

(9,612)

(343,654)

7,893,176

(1,274,166)

8,690,344

(241,481)

2,255,276

(82,761)

1,699,970

7,549,522

7,416,176

2,013,797

1,617,210

ACL CABLES PLC

NOTES TO THE FINANCIAL STATEMENTS

(all amounts in Sri Lanka Rupees thousands)

  1. Segment information

    1. Business segment information

      Unaudited

      Manufacturing

      Manufacturing

      PVC

      cables

      compound

      Others

      Total

      Total

      For the period ended 30 June

      2025

      2025

      2025

      2025

      2024

      Revenue

      10,473,441

      (652,360)

      703,592

      (674,931)

      520,470

      (520,470)

      11,697,503

      (1,847,761)

      9,705,224

      (979,420)

      9,821,081

      28,661

      -

      9,849,742

      8,725,804

      1,836,666

      196,004

      165,357

      2,198,136

      1,659,783

      19,448

      -

      2,612

      22,060

      19,283

      222,609

      49,812

      30,019

      302,440

      242,144

      -

      -

      -

      34,698

      46,726

      (563,894)

      (67,048)

      (55,155)

      (686,097)

      (493,231)

      1,514,829

      178,768

      142,833

      1,871,237

      1,474,705

      40,620

      2,710

      311

      43,641

      166,426

      43,641

      166,426

      77,567

      3,679

      5,403

      86,649

      86,316

      86,649

      86,316

      Total revenue

      Inter-segment sales

      External sales Results

      Profit/(loss) before other income

      and finance cost Other income

      Finance (cost)/income

      Share of profit of investments

      accounted for using the equity method

      (Power and energy)

      Taxation

      Profit/(loss) after taxation Capital expenditure

      Segment capital expenditure

      Total capital expenditure Depreciation and amortisation

      Segment depreciation

      Total depreciation and amortisation

      Manufacturing

      Manufacturing PVC

      cables compound Others Total Total

      For the period ended 30 June 2025 2025 2025 2025 30 June 2024

      Assets

      37,150,950

      3,564,780

      2,818,118

      43,533,848

      33,814,977

      1,075,284

      940,488

      44,609,131

      34,755,465

      6,269,387

      246,043

      309,312

      6,824,743

      6,914,342

      164,641

      26,018

      6,989,384

      6,940,360

      Segment assets

      Unallocated corporate assets

      Total assets Liabilities

      Segment liabilities

      Unallocated corporate liabilities

      Total liabilities

    2. Geographical segment information - revenue

      Group Company

      For the period ended 30 June 2025 2024 2025 2024

      7,832,670

      2,017,072

      6,696,457

      2,029,348

      4,523,727

      503,370

      3,580,533

      634,078

      9,849,742

      8,725,805

      5,027,097

      4,214,611

      Local sales Export sales

      ACL CABLES PLC

      NOTES TO THE FINANCIAL STATEMENTS

      Unaudited

  2. The consolidated interim financial statements have been prepared in accordance with the accounting policies set out in the Annual Report for the year ended 31 March 2024 and are in compliance with Sri Lanka Accounting Standards - LKAS 34 - Interim Financial Reporting.

  3. Where necessary, the presentation and classification of the financial statements of the previous period have been adjusted for better presentation and to be comparable with year end reporting.

  4. There were no liabilities for management fees or any other similar expenditures in the interim financial statements.

  5. There were no funds raised through an IPO/Rights/Debenture issues by the group of companies.

  6. There have been no other events subsequent to the balance sheet date, which require disclosures in the interim financial statements.

  7. There were no significant changes in the nature of the contingent liabilities, which were disclosed in the Annual Report for the year ended 31 March 2024.

  8. Net Finance Income/(Cost) includes the exchange gains/ losses as follows,

Quarter ended 30.06.2025

Quarter ended 30.06.2024

Group

Company

Group

Company

Exchange gain/(loss)

117,203

50,111

123,563

39,633

ACL CABLES PLC

NON FINANCIAL INFORMATION

Twenty largest shareholders as at 30 June 2025

Shareholder Name

Number of

Holdings

shares

%

1

Mr. U. G. Madanayake

91,388,864

38.15%

2

Mr. Suren Madanayake

53,209,584

22.21%

3

Employees Provident Fund

11,814,864

4.93%

4

Citibank Newyork S/A Norges Bank Account 2

7,259,701

3.03%

5

Mrs. N.C. Madanayake

4,128,400

1.72%

6

FAB Foods (Private) Ltd

3,070,080

1.28%

7

Hatton National Bank PLC - Capital Alliance

2,679,155

1.12%

8

Deutsche Bank AG Trustee to Lynear Wealth

2,273,732

0.95%

9

Invenco Capital Private Limited

2,180,125

0.91%

10

Union Assurance PLC - Universal Life Fund

2,126,360

0.89%

11

Selliah A.

1,800,000

0.75%

12

Lynear Wealth Management /Mr. Hanif Yusoof

1,756,069

0.73%

13

Rubber Investment Trust Ltd A/C No 01

1,655,439

0.69%

14

Perera R D M

1,403,728

0.59%

15

Sir Cyril De Zoysa Trust

1,364,144

0.57%

16

Deutsche Bank AG - National Equity Fund

1,058,114

0.44%

17

Arunodhaya (Private) Limited

1,000,000

0.42%

18

Arunodhaya Industries (Private Limited)

1,000,000

0.42%

19

Arunodhaya Investments (Private) Limited

1,000,000

0.42%

20

Andysel Private Limited

800,000

0.33%

192,968,359

80.55%

Share holding of directors as at 30 June 2025 Director Name Number of Holdings shares %

01. Mr. U. G. Madanayake - Chairman

91,388,864

38.15%

02. Mr. Suren Madanayake - Managing Director

53,209,584

22.21%

03. Mrs. N.C. Madanayake

4,128,400

1.72%

04. Dr.Sivakumar Selliah

-

-

05. Mr. Kusal Jayawardene

-

-

06. Prof. Malik Ranasinghe

-

-

07. Mr. D.D. Wahalthanthri

-

-

08. Mr. Rajiv Casie Chitty

-

-

09. Mr. Nissanka B. Weerasekera

-

-

Total held by Directors

148,726,848

62.08%

Shares held by public as at 30 June 2025

90,847,872

37.92%

Total No of Shares as at 30 June 2025

239,574,720

100.00%

No of public share holders as at 30 June 2025 5,546

The applicable option under CSE Rule 7.14.1 on minimum public holding is option 1 and the Float Adjusted Market capitalization as of 30.06.2025 was Rs.13,581,756,864/-

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