Autodrome PlcCSELK: AUTO.N0000

Interim accounts for the quarter ending 30th june 2025

· Issued by Autodrome Plc


THE AUTODROME PLC

INTERIM FINANCIAL STATEMENTS

FOR THE QUARTER ENDED 30.06.2025

The Autodrome PLC 304 Union Place, Colombo 02. Sri Lanka https://www.autodrome.lk/financial

Corporate Information

Name of the Company

The Autodrome PLC

Legal Form

A Quoted Public Company with Limited Liability, incorporated in Sri Lanka in 1953.

Company Registration Number

PQ84

Colombo Stock Exchange

AUTO.N0000. | GICS Industry Group: Retailing

Head Office/ Registered Office

304 Union Place, Colombo 02. Sri Lanka.

Board of Directors

Mrs. Bernadette Aloysius BA‐ Chairperson

Mr. Jeremy Aloysius MBA (USA) ‐ Jt. Managing Director

Mr. Rajeev Aloysius FCMA, FCMA(UK), CGMA, MBA ‐ Jt. Managing Director Mrs. Joanne Aloysius Rajiyah BSc (Lon.), MBA ‐ Marketing Director

Prof. John Aloysius BSc, PhD (USA) Ms. Julie A. Aloysius BA (USA)

Mr. Jitendra T. Daulagala ACMA(UK), MA (UK)

Ms. L. Chiranthi Cooray FCMA, CGMA, CPA, MBA (UK), CIPM Mr. Hiran Asoka Pieris ACA, FCMA, CGMA

Company Secretaries

Deloitte Corporate Services (Pvt) Ltd

Lawyers

M/s. D. L. & F De Saram

Auditors

Ernst and Young Sri Lanka, Chartered Accountants

Bankers

Hatton National Bank PLC, Head Office Branch Commercial Bank of Ceylon PLC, City Office People's Bank, Union Place Branch

Sampath Bank, Colombo Super Branch

Statement of Financial Position

Company Group

Company

Unaudited

Group

Unaudited

Unaudited

as at

Unaudited

as at

Unaudited

as at

Unaudited

as at

31.03.2025

31.03.2025

30.06.2025

Rs.ʹ000

30.06.2024

Rs.ʹ000

30.06.2025

Rs.ʹ000

30.06.2024

Rs.ʹ000

Assets

Non‐current assets

2,094,895

2,094,895

Property, Plant & Equipment

2,091,509

2,017,290

2,091,509

2,017,290

319

319

Intangible Assets

288

309

288

309

500

‐

Investments

500

500

‐

‐

95,695

107,795

Other Financial Assets

95,945

96,012

109,545

102,612

2,191,409

2,203,009

2,188,242

2,114,111

2,201,342

2,120,211

Current Assets

332,931

332,931

Inventories

257,914

12,901

257,914

12,901

132,349

135,504

Trade Receivables & Other Receivables

83,213

23,141

87,822

25,049

56,999

64,761

Other Financial Assets

102,936

407,339

110,424

418,250

303

303

Amount Due from related party

‐

‐

‐

375

2,400

Cash and Cash Equivalents

26,944

879

26,954

4,389

522,957

535,900

471,007

444,260

483,114

460,589

2,714,366

2,738,909

Total Assets

2,659,249

2,558,371

2,684,456

2,580,800

Equity and Liabilities

Capital and Reserves

12,440

12,440

Stated Capital

12,440

12,440

12,440

12,440

1,355,782

1,355,782

Revaluation Reserve

1,354,271

1,307,378

1,354,271

1,307,378

‐

‐

Available for sale Reserve

‐

‐

‐

‐

602,257

622,504

Revenue Reserves

597,577

590,359

618,198

609,077

1,970,478

1,990,726

Shareholdersʹ Funds

1,964,288

1,910,177

1,984,909

1,928,895

Non‐current Liabilities

616,340

616,340

Deferred Taxation

616,340

580,192

616,340

580,192

34,621

34,621

Retirement Benefit Obligations

36,078

27,157

36,078

27,157

650,961

650,961

652,418

607,349

652,418

607,349

Current Liabilities

42,424

46,768

Trade and Other Payables

39,915

36,431

43,429

39,653

4,691

4,339

Current Tax Liability

2,601

4,412

2,227

4,903

‐

303

Amount Due to related party

27

2

303

‐

45,812

45,812

Bank Overdraft

0

‐

1,170

‐

92,926

97,221

42,543

40,846

47,129

44,556

743,888

748,183

Total Liabilities

694,961

648,195

699,547

651,905

2,714,366

2,738,909

Total Equity and Liabilities

2,659,249

2,558,371

2,684,456

2,580,800

It is certified that the Financial Statements have been prepared in accordance with the requirments of the Companies Act No.07 of 2007.

Gayan Joseph

Head of Finance

The Board of Directors is responsible for these Financial Statements. Signed for and on behalf of the Board.

Rajeev Aloysius Jeremy Aloysius

Jt. Managing Director Jt. Managing Director

28 July 2025

Company Statement of Profit or Loss and Other Comprehensive Income

Quarter ended 30 June Year ended 31 March

Note

(Unaudited)

Unaudited

(Unaudited)

(Audited)

2025

2024

2025

2024

LKR 000

LKR 000

Change

LKR 000

LKR 000

Change

Turnover

99,027

73,513

34.7%

472,399

168,616

180.2%

Cost of Sales

(80,311)

(56,358)

42.5%

(367,031)

(121,119)

203.0%

Gross Profit

18,716

17,155

9.1%

105,368

47,498

121.8%

Other Income and Gains

9,160

9,562

(4.2%)

45,012

30,748

46.4%

Less :Expenses

27,876

26,717

4.3%

150,380

78,246

92.2%

Administrative Expenses

(33,327)

(32,266)

3.3%

(143,952)

(134,995)

6.6%

Marketing Expenses

(4,794)

(0)

1409910.7%

(12,764)

(3,120)

309.1%

(38,121)

(32,267)

18.1%

(156,716)

(138,115)

13.5%

Operating Profit

(10,245)

(5,549)

84.6%

(6,336)

(59,869)

(89.4%)

Finance Income

7a

4,301

15,417

(72.1%)

50,272

88,024

(42.9%)

Finance Cost

7b

(279)

(11)

2556.9%

(1,034)

(967)

6.9%

Profit before taxation

(6,222)

9,857

(163.1%)

42,902

27,188

57.8%

Taxation

(804)

(3,555)

(77.4%)

(14,986)

(25,589)

(41.4%)

Profit after taxation

(7,026)

6,302

(211.5%)

27,916

1,599

1645.8%

Other Comprehensive Income

Revaluation of Property,Plant & Equipment

‐

‐

‐

80,277

(100.0%)

Deferred Tax on Property Revaluation

‐

‐

‐

(24,083)

(100.0%)

Defined Benefit Plan actuarial gain/ (losses)

1,148

296

288.4%

4,592

(5,115)

(189.8%)

Deferred tax on Defined Benefit Plan actuarial

gain/(losses)

(344)

(89)

288.4%

(1,378)

1,535

(189.7%)

Other comprehensive income net of tax

804

207

288.4%

3,214

52,613

(93.9%)

Total Comprehensive Income

(6,222)

6,509

(195.6%)

31,130

54,212

(42.6%)

Earnings Per Share (Rs.)

‐0.59

0.53

(211.5%)

2.33

0.13

1645.8%

Group Statement of Profit or Loss and Other Comprehensive Income

Quarter ended 30 June Year ended 31 March

Note

(Unaudited)

Unaudited

(Unaudited)

(Audited)

2025

2024

2025

2024

LKR 000

LKR 000

Change

LKR 000

LKR 000

Change

Turnover

99,893

74,373

34.3%

475,876

172,743

175.5%

Cost of Sales

(80,311)

(56,358)

42.5%

(367,031)

(121,119)

203.0%

Gross Profit

19,582

18,015

8.7%

108,845

51,625

110.8%

Other Income and Gains

9,060

9,462

(4.2%)

44,619

30,348

47.0%

Less :Expenses

28,643

27,477

4.2%

153,464

81,973

87.2%

Administrative Expenses

(33,858)

(32,652)

3.7%

(145,556)

(136,208)

6.9%

Marketing Expenses

(4,813)

(0)

1415524.0%

(12,958)

(3,165)

309.4%

(38,672)

(32,652)

18.4%

(158,514)

(139,373)

13.7%

Operating Profit

(10,029)

(5,175)

93.8%

(5,050)

(57,400)

(91.2%)

Finance Income

7a

4,618

15,821

(70.8%)

51,958

90,654

(42.7%)

Finance Cost

7b

(279)

(11)

2556.9%

(1,034)

(972)

6.4%

Profit before taxation

(5,689)

10,636

(153.5%)

45,874

32,282

42.1%

Taxation

(964)

(3,789)

(74.6%)

(15,878)

(27,118)

(41.5%)

Profit after taxation

(6,653)

6,847

(197.2%)

29,996

5,164

480.9%

Other Comprehensive Income

Revaluation of Property,Plant & Equipment

‐

‐

‐

80,277

Deferred Tax on Property Revaluation

‐

‐

‐

(24,083)

Defined Benefit Plan actuarial gain/ (losses)

1,148

296

288.4%

4,592

(5,115)

(189.8%)

Deferred tax on Defined Benefit Plan actuarial

gain/(losses)

(344)

(89)

288.4%

(1,378)

1,535

(189.7%)

Other Comprehensive Income net of tax

804

207

288.4%

3,214

52,614

(93.9%)

Total Comprehensive Income

(5,849)

7,054

(182.9%)

33,211

57,778

(42.5%)

Earnings Per Share (Rs.)

‐0.55

0.57

(197.2%)

2.50

0.43

480.9%

The Autodrome PLC

.

Note: All values are in Rupees ʹ000s, unless otherwise stated. The above figures are subject to audit.

Interim Financial Statements for the quarter ended 30 June 2025

5

Statement of Changes in Equity

Group

Stated

Revaluation

Retained

Total

Capital

Reserves

Profit

Rs.ʹ000

Rs.ʹ000

Rs.ʹ000

Rs.ʹ000

Balance as at 1st April 2024

12,440

1,308,265

601,136

1,921,841

Net Profit for the period

‐

‐

6,847

6,847

Other comprehensive income

Depreciation Transfer

(887)

887

‐

Defined benefit plan actuarial (loss)/gain net of tax

207

207

Balance as at 30 June 2024

12,440

1,307,378

609,077

1,928,895

Net Profit for the period

‐

‐

23,149

23,149

Other comprehensive income

‐

‐

‐

Net amount reclassified to profit and loss

‐

53,562

(17,887)

35,674

Defined benefit plan actuarial (loss)/gain net of tax

‐

‐

3,007

3,007

Depreciation Transfer

‐

(5,158)

5,158

‐

Dividend paid

‐

‐

‐

Balance as at 31 March 2025

12,440

1,355,782

622,504

1,990,726

Net Profit for the period

‐

‐

(6,653)

(6,653)

Other comprehensive income

‐

‐

‐

‐

Defined benefit plan actuarial (loss)/gain net of tax

‐

‐

836

836

Depreciation Transfer

‐

(1,511)

1,511

‐

Balance as at 30 June 2025

12,440

1,354,271

618,198

1,984,910

Company

Stated

Revaluation

Retained

Total

Capital

Reserves

Profit

Rs.ʹ000

Rs.ʹ000

Rs.ʹ000

Rs.ʹ000

Balance as at 1st April 2024

12,440

1,308,265

582,963

1,903,668

Net Profit for the period

‐

‐

6,302

6,302

Other Comprehensive Income

Defined benefit plan actuarial (loss)/gain net of tax

207

207

Depreciation Transfer

(887)

887

Balance as at 30 June 2024

12,440

1,307,378

590,359

1,910,177

Net Profit for the period

‐

‐

21,614

21,614

Other Comprehensive Income

‐

‐

Net amount reclassified to profit and loss

‐

53,562

(17,881)

35,680

Reversal of revaluation fixed asset

‐

Defined benefit plan actuarial (loss)/gain net of tax

‐

‐

3,007

3,007

Depreciation Transfer

‐

(5,158)

5,158

‐

Dividend paid

‐

‐

‐

Balance as at 31 March 2025

12,440

1,355,782

602,257

1,970,478

Net Profit for the period

‐

‐

(7,026)

(7,026)

Depreciation Transfer

‐

(1,511)

1,511

‐

Defined benefit plan actuarial (loss)/gain net of tax

‐

‐

836

836

Balance as at 30 June 2025

12,440

1,354,271

597,577

1,964,288

Statement of Cash Flows

Company

Group

Company

Company

Group

Group

Unaudited

Unaudited

Unaudited

Unaudited

Unaudited

Unaudited

as at

as at

as at

as at

as at

as at

31.03.25

31.03.25

30.06.25

30.06.24

30.06.25

30.06.24

Rs.ʹ000

Rs.ʹ000

Rs.ʹ000

Rs.ʹ000

Rs.ʹ000

Rs.ʹ000

Cash Flow from Operating Activities

42,902

45,874

Net profit before Taxation

(6,222)

9,857

(5,689)

10,636

13,250

13,250

Depreciation

3,477

2,474

3,477

2,474

95

95

Amortisation

31

24

31

24

‐

‐

Provision for bad debts

‐

‐

‐

5,826

5,826

Provision for Defined Benefit Plan

1,456

1,091

1,456

1,091

(50,272)

(47,338)

Interest Income

(4,301)

(15,417)

(4,618)

(15,821)

1,034

1,034

Interest Expense

271

11

271

11

(7,508)

(7,508)

Gain on sale of Property, Plant and Equipment

‐

‐

(4,620)

(4,620)

Realised Exchange (Gain)/(Loss

5

‐

(353)

‐

(353)

‐

‐

Unrealised Exchange (Gain)/Loss

5

‐

‐

‐

Provision for slow moving inventries

706

6,612

Operating Profit before Working Capital Changes

(5,287)

(2,314)

(5,072)

(1,940)

(285,673)

(285,673)

(Increase)/Decrease in Inventories

74,410

35,260

74,410

35,260

(113,470)

(116,845)

(Increase)/Decrease in Debtors & Receivables

44,459

(10,951)

43,005

(13,079)

(95)

(303)

(Increase)/Decrease in Dues from related parties

303

208

303

‐

‐

303

(Increase)/Decrease in Dues to related parties

27

2

‐

‐

(20,215)

(16,329)

Increase/(Decrease) in Trade & other Payables

2,821

(24,354)

1,991

(22,065)

(419,452)

(418,847)

122,020

164

119,709

116

(418,746)

(412,235)

Cash generated from operations

116,732

(2,150)

114,637

(1,823)

(1,034)

(1,034)

Interest paid

(271)

(11)

(271)

(11)

(13,258)

(14,946)

Income Tax paid

(2,103)

(662)

(2,285)

(870)

(1,407)

(1,407)

Employee Benefits paid

‐

‐

‐

‐

(434,445)

(429,622)

Net Cash from Operating Activities

114,358

(2,822)

112,081

(2,705)

(7,893)

(7,893)

Purchase of Property,Plant & Equipments

(91)

‐

(91)

‐

250

250

Acquisition of Intangible Asset

‐

‐

‐

Disposal of Intangible Asset

‐

‐

‐

(92)

(5,592)

Long term Investments (increase)/decrease

(250)

(342)

(1,750)

158

336,089

339,392

Short term Investments (increase)/decrease

(45,937)

(14,249)

(45,662)

(14,095)

‐

‐

Financial Assets Reserve

‐

‐

‐

‐

‐

Dividend received

‐

‐

‐

50,272

47,338

Interest received

4,301

15,417

4,618

15,821

7,508

7,508

Disposal of Fixed Asset

‐

7,508

‐

7,508

386,134

381,003

Net Cash from/(used) in Investing Activities

(41,978)

8,333

(42,885)

9,392

Cash flow from Financing Activities

‐

‐

Dividend paid

‐

‐

‐

‐

‐

‐

Net Cash used in Finance Activities

‐

‐

‐

‐

(48,310)

(48,619)

Increase in Cash & Cash Equivalents

72,380

5,511

69,196

6,689

Movement in Cash and Cash Equivalents

2,874

5,207 At the beginning of the period

(45,437)

2,875

(43,412)

5,208

(48,310)

(48,619) Increase/(Decrease)

72,380

(1,996)

69,196

(819)

(45,437)

(43,412) At the end of the period

26,944

879

25,784

4,389

(45,812)

(45,812) Bank overdrafts

‐

‐

(1,170)

375

2,400 Cash and bank balances

26,944

879

26,954

4,389

(45,437)

(43,412)

26,944

879

25,784

4,389

  1. These Statements are prepared in accordance with the LKAS 34 ‐ Interim Financial Reporting, & are subject to audit.

  2. All known expenses have been provided for in these financial statements.

  3. The Accounting Policies and methods of computation are consistent with those followed previously.

  4. No circumstances have arisen since the Financial Position statement date, that requires further disclosure or adjustment in these Statements. No contingent liabilities or assets exist as at the beginning, nor end, of any period.

  1. The Cash Flow statement quantifies realised and unrealised exchange gains/losses for the period.

    2025

    2024

    2025

    2024

    Rent Income

    8,685

    8,581

    8,785

    8,681

    Income from Tyre Fitting Centre

    168

    79

    168

    79

    Others

    207,588

    803

    207,588

    803

    Total Other Operating Income

    216,441

    9,462

    216,541

    9,562

  2. Other Operating Income
  3. Net Finance Income / (Cost)
Group Company Group Company

2025

2024

2025

2024

7a

Finance Income

Interest Income from Fixed Deposits

2,574

2,454

2,288

2,288

Interest Income from Debentures

1,136

1,185

1,136

1,185

Interest Income from CAL Fixed Income opportunities Fund

877

11,829

877

11,590

Exchange Gain

‐

353

‐

353

Total Finance Income

4,588

15,821

4,301

15,417

7b Finance Cost

Interest on Bank Overdrafts and other facilities

271

11

271

11

Exchange Loss

8

‐

8

‐

(Reversal)/Provision for Impairment of Investment

‐

‐

‐

Total Finance Cost

279

11

279

11

Net Finance Income / (Finance Cost)

4,309

15,810

4,022

15,406

8

Directorsʹ Shareholdings as at 30th June

No. of Shares

2025

%

2024

%

Mrs. Bernadette J. Aloysius

3,594,800

29.96

3,594,800

29.96

Mr. Jeremy D. Aloysius (Jt. Managing Director/CEO)

1,127,360

9.39

1,127,360

7.31

Mr. Rajeev A.J. Aloysius (Jt. Managing Director/CEO)

1,127,360

9.39

1,127,360

7.32

Ms. Julie A. Aloysius

1,127,360

9.39

1,127,360

7.31

Prof. John A. Aloysius

1,127,360

9.39

877,340

7.31

Mr. Shamindra V. Rajiyah and Ms. J. Joanne B. Aloysius Rajiyah

61,000

0.51

258,684

1.85

Ms. J. Joanne B. Aloysius Rajiyah

‐

‐

156,853

7.31

8,165,240

68.04

8,269,757

68.37

  1. Major Shareholdings as at 30th June No. of Shares

    2025

    %

    2024

    %

    Ms. Bernadette J. Aloysius

    3,594,800

    29.96

    3,594,800

    29.96

    Tuckers (Pvt) Ltd

    1,395,785

    11.63

    ‐

    ‐

    Mr. Sanjeev E.C. Gardiner

    1,179,500

    9.83

    1,179,500

    9.83

    Mr. Rajeev A.J. Aloysius (Jt. Managing Director/CEO)

    1,127,360

    9.39

    1,127,360

    9.39

    Ms. Julie A. Aloysius

    1,127,360

    9.39

    1,127,360

    9.39

    Mr. Jeremy D. Aloysius (Jt. Managing Director/CEO)

    1,127,360

    9.39

    1,127,360

    9.39

    Prof. John A. Aloysius

    1,127,360

    9.39

    877,340

    7.31

    Ms. J. Joanne B. Aloysius Rajiyah

    ‐

    ‐

    156,853

    1.31

    Seylan Bank PLC / The Galle Face Hotel Co. Ltd

    533,200

    4.44

    533,200

    4.44

    Cyril Gardiner Limited

    161,000

    1.34

    161,000

    1.34

    Hotel International (Pvt) Ltd.

    134,441

    1.12

    78,741

    0.66

    Mr. Shamindra V. Rajiyah and Ms. J. Joanne B. Aloysius Rajiyah

    61,000

    0.51

    258,684

    2.16

    Mr. Hiranjan C.W. Aloysius

    ‐

    ‐

    55,700

    0.46

    Mr. W.S.S.Amarasooriya

    38,871

    0.32

    37,677

    0.31

    Mr. R Jehan M.F. Aloysius

    30,400

    0.25

    30,400

    0.25

    The Galle Face Hotel Co Ltd

    20,000

    0.17

    20,000

    0.17

    Shalsri Investments (Pvt) Ltd

    15,800

    0.13

    15,800

    0.13

    Mr. Ratna Gopal

    14,200

    0.12

    14,200

    0.12

    Mr. James Alwis Christoffel Rajasinghe (Deceased)

    14,000

    0.12

    14,000

    0.12

    Mr.S.C Weerasooria

    13,600

    0.11

    13,600

    0.11

    Mr. Hettiarachchige Walter Elliot Tissera

    10,600

    0.09

    10,575

    0.09

    Miss. Angeline Myrese Ondaatjie

    10,000

    0.08

    10,000

    0.08

    11,736,637

    97.81

    10,434,150

    87.03

  2. The percentage of Shares held by the Public as at 30 June 2025 was 20.325%. The number of shareholders as at 30.06.2025 was 549. The number of public shareholders was 542. The Float Adjusted Market Capitalization disclosure is on Page 9. Therefore the Company complies with the Minimum Public Holding Requirement; under Main Board, Option Five Rule 7.13

Investor Information

MARKET VALUE OF SHARES

The Market value of an ordinary share of The Autodrome PLC was as follows :

Quarter ended Year ended

30.06.2025

30.06.2024

31.03.2025

Rs.

Rs.

Rs.

Last Traded Price

110.00

91.50

110.00

Closing price

108.00

100.00

110.00

Highest price for the period

125.00

110.00

139.75

Lowest price for the period

104.50

89.00

89.00

No. of shares

12,000,000

12,000,000

12,000,000

Market Capitalization

1,296,000,000

1,200,000,000

1,320,000,000

Float Adjusted Market Capitalization

263,412,000

248,016,000

226,373,136

RATIOS

Net Assets per Share

163.69

160.74

163.31

Annualised Earning per Share

(0.55)

0.57

0.43

Annualised Price Earning Ratio (times)

(194.81)

175.26

209.60

Earlier from Autodrome

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