Interim Financial Report as at 30th June 2025

Condensed Interim Financial Statements For the three months ended 30th June 2025

Statement of Profit or Loss and Other Comprehensive Income - Company

Unaudited Financial Statements for the three months ended 30th June 2025 (All figures are in Sri Lankan Rupees Thousands)

Statement of Financial Position - Company

Unaudited Financial Statements for the three months ended 30th June 2025 (All figures are in Sri Lankan Rupees Thousands)

I certify that these financial statements have been prepared in compliance with the requirements of Companies Act No. 7 of 2007.

Sgd.

V. R. Wijesinghe

Director-Finance

Carsons Management Services (Pvt) Ltd.

The Board of Directors is responsible for the preparation and presentation of these financial statements. These financial statements were approved by the Board on 13th August 2025.

Sgd. Sgd.

M. Selvanathan D. C. R. Gunawardena

Director Director

The notes from pages 10 to 19 form an integral part of these financial statements. `

Statement of Changes in Equity - Company

Unaudited Financial Statements for the three months ended 30th June 2025 (All figures are in Sri Lankan Rupees Thousands)

The notes from pages 10 to 19 form an integral part of these financial statements.

Statement of Cash Flows - Company

Consolidated Statement of Profit or Loss

Unaudited Financial Statements for the three months ended 30th June 2025 (All figures are in Sri Lankan Rupees Thousands)

Consolidated Statement of Comprehensive Income

Consolidated Statement of Financial Position

Unaudited Financial Statements for the three months ended 30th June 2025 (All figures are in Sri Lankan Rupees Thousands)

ASSETS

As at As at

30.06.2025 31.03.2025

(Unaudited) (Audited)

Current Liabilities

Trade payables 6,269,787 6,542,903

Other financial liabilities 23,066,175 25,086,537

Other non financial liabilities 4,809,900 7,246,209

Current tax liabilities 5,725,546 3,411,176

Loans and borrowings 21,428,413 20,302,379

Lease liabilities 140,369 134,358

Total current liabilities 61,440,190 62,723,562

Total liabilities 140,289,856 138,873,556

Total equity and liabilities 333,132,952 313,568,973

Net assets per ordinary share 512.19 461.49

I certify that these financial statements have been prepared in compliance with the requirements of Companies Act No. 7 of 2007.

Sgd.

V. R. Wijesinghe

Director-Finance

Carsons Management Services (Pvt) Ltd.

The Board of Directors is responsible for the preparation and presentation of these financial statements. These financial statements were approved by the Board on 13th August 2025.

Sgd. Sgd.

M. Selvanathan D.C.R. Gunawardena

Director Director

Figures in brackets indicate deductions.

The notes from pages 10 to 19 form an integral part of these financial statements.

Consolidated Statement of Changes in Equity

Unaudited Financial Statements for the three months ended 30th June 2025 (All figures are in Sri Lankan Rupees Thousands)

8

Consolidated Statement of Cash Flows

Unaudited Financial Statements for the three months ended 30th June 2025 (All figures are in Sri Lankan Rupees Thousands)

For the period ended 30th June 2025 2024

Cash flows from operating activities

Profit before tax 18,631,397 9,784,953

Adjustments for:

Note A

Cash and Cash equivalent comprise the following

Group

Figures in brackets indicate deductions.

The notes from pages 10 to 19 form an integral part of these financial statements.

Unaudited Financial Statements for the three months ended 30th June 2025 (All figures are in Sri Lankan Rupees Thousands)

1. REPORTING ENTITY

   Carson Cumberbatch PLC is a limited liability company incorporated and domiciled in Sri Lanka. The ordinary shares of the Company have a primary listing on the Colombo Stock Exchange. The interim consolidated financial statements as at and for the period ended 30th June 2025 comprise the company and its subsidiaries (together referred to as the "Group" and individually as " Group entities"). It is a diversified conglomerate with businesses ranging from oil palm plantations in Indonesia to palm oil refining in Malaysia, breweries, investment holdings, portfolio & assets management, real estate and leisure in Sri Lanka. The Group has offices in Malaysia, Singapore, Indonesia, Mauritius and Sri Lanka.

   There were no significant changes in the nature of the principal activities of the Company and the Group during the financial period under revie.

2. BASIS OF PREPARATION

   These interim condensed consolidated financial statements for the period ended 30th June 2025 have been prepared in accordance with LKAS 34 Interim Financial Reporting and using the same accounting policies and computation methods as the audited financial statements for FY 2024/2025. These financial statements do not include all the information and disclosures required in the annual financial statements, and should be read in conjunction with the Group's consolidated financial statements as at 31 March 2025.

   The presentation and classification of the financial statements of the previous period have been amended, where relevant, for better presentation and to be comparable with those of the current period. The interim condensed financial statements are presented in Sri Lankan Rupees (LKR) and all values are rounded to the nearest thousand except when otherwise indicated.

   Fair value measurement and related fair value disclosures

   The fair values of all the financial assets and financial liabilities recognised 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. The fair value changes on financial instruments in Level 3 category were properly recorded in the statement of other comprehensive income and there were no purchases and/or disposals during the period.

   All unquoted equity investments were fair valued as of 30th June 2025 and classified as Level 3 within the fair value hierarchy according to fair valuation methodology.

   Unaudited Financial Statements for the three months ended 30th June 2025 (All figures are in Sri Lankan Rupees Thousands)

3. SEGMENTAL INFORMATION

   The Group presents segmental information primarily based on business segments. The risks and returns associated with the Group's operations are primarily influenced by the nature of its business activities rather than geographic location. Each segment is managed separately, as it requires distinct strategies in line with the Group's organisational structure.

   The Group's operations are classified into eight reportable segments based on the nature of products and services offered: Investment Holdings, Portfolio and Asset Management, Oil Palm Plantations, Oils & Fats, Beverages, Real Estate, Leisure, and Management Services. A description of the operations of each segment is provided in the table below.

   Reportable Segment Description of Operations

   Investment Holdings Holding of strategic investments

   Portfolio and Asset Management Investment and management of listed, private equity, fixed income and unit trust

   investments

   Oil Palm Plantations Production and sale of palm oil, palm kernel and fresh fruit bunches to the Indonesian

   domestic and international markets

   Oils & Fats Manufacturing, marketing and selling of refined oils and specialty fats to the bakery, chocolate and confectionery, ice creams and creamer industries and cooking oil products to end consumers

   Beverage Brewing and marketing of high-quality beers for both local and export markets, and importing and marketing of globally renowned brands of beer and spirits

   Real Estate Letting office and warehouse premises on rent for commercial purposes

   Leisure Hoteliering

   Management Services Providing support services to the Carsons Group entities in Sri Lanka

   Inter-segment sales are conducted in the ordinary course of business, using prices that approximate to prevailing market rates. Segment revenue, expenses, and results include inter-segment transactions, which are eliminated on consolidation along with any unrealised profits or losses. Segment expenses comprise costs directly incurred by individual segments, along with shared expenses that are allocated across segments using a reasonable basis determined by management.

   Carson Cumberbatch PLC | Condensed Interim Financial Statements For the three months ended 30th June 2025

   Notes to the Condensed Interim Financial Statements

   Unaudited Financial Statements for the three months ended 30th June 2025 (All figures are in Sri Lankan Rupees Thousands)

   Operating Segment Information - Group (a) Primary / Business Segmentation: Investment Holdings 3M 3M 2025/26 2024/25			Portfolio & Asset Management 3M 3M 2025/26 2024/25		Oil Palm Plantations 3M 3M 2025/26 2024/25		Oils and fats 3M 3M 2025/26 2024/25
   Total revenue	206,806	430,495	585,971	867,599	47,674,081	42,519,491	21,062,780	15,314,851
   Intra segment revenue	-	-	(64,031)	(331,622)	(14,098,931)	(16,699,204)	-	-
   Segment revenue	206,806	430,495	521,940	535,977	33,575,150	25,820,287	21,062,780	15,314,851
   Inter segment revenue	(206,418)	(406,484)	-	-	(104,254)	(95,428)	-	-
   External Revenue	388	24,011	521,940	535,977	33,470,896	25,724,859	21,062,780	15,314,851
   Segment results - profit/(loss) from operations before material non cash items	(32,829)	(11,375)	378,547	384,637	11,968,260	5,691,349	1,287,512	671,274
   Other material non-cash items
   Foreign exchange gains /(losses) (22,575) (4,442)			1,120	154	295,160	643,452	(164,351)	20,955
   Profit/(loss) from operations	(55,404)	(15,817)	379,667	384,791	12,263,420	6,334,801	1,123,161	692,229
   Change in fair value of business assets	9,756	4,534	1,887,943	433,247	-	-	-	-
   Net finance cost	(35,187)	(43,846)	(25,228)	(5,875)	(852,229)	(1,406,257)	(184,615)	(167,610)
   Share of net results of equity accounted investee	-	-	-	-	-	-	3,812	(4,504)
   Profit/(loss) before Income tax expenses	(80,835)	(55,129)	2,242,382	812,163	11,411,191	4,928,544	942,358	520,115
   Current taxation	(28,679)	(12,491)	(64,797)	(66,577)	(2,885,885)	(1,439,241)	(190,181)	(84,354)
   Deferred taxation	-	-	(471)	(153)	(263,442)	(284,629)	(44,531)	(172,381)
   	(28,679)	(12,491)	(65,268)	(66,730)	(3,149,327)	(1,723,870)	(234,712)	(256,735)
   Profit/(Loss) for the period	(109,514)	(67,620)	2,177,114	745,433	8,261,864	3,204,674	707,646	263,380
   Attributable to:
   Owners of the Company	(109,514)	(67,620)	1,287,666	432,072	4,024,851	1,598,648	302,285	111,909
   Non controlling interest	-	-	889,448	313,361	4,237,013	1,606,026	405,361	151,471
   	(109,514)	(67,620)	2,177,114	745,433	8,261,864	3,204,674	707,646	263,380
   Figures in brackets indicate deductions.

   	Beverage 3M 3M 2025/26 2024/25	Real Estate 3M 3M 2025/26 2024/25		Leisure 3M 2025/26	3M 2024/25	Management Services 3M 3M 2025/26 2024/25		Group 3M 3M 2025/26 2024/25
   	32,325,270 30,519,997	105,962	97,833	175,229	245,716	444,290	292,196	102,580,389 90,288,178
   	(2,871,439) (683,487)	-	-	-	-	-	-	(17,034,401) (17,714,313)
   	29,453,831 29,836,510	105,962	97,833	175,229	245,716	444,290	292,196	85,545,988 72,573,865
   	(2,011) -	(16,163)	(14,862)	(1,768)	-	(436,610)	(285,748)	(767,224) (802,522)
   	29,451,820 29,836,510	89,799	82,971	173,461	245,716	7,680	6,448	84,778,764 71,771,343
   	4,034,395 3,737,102	51,231	49,582	(37,399)	(19,480)	83,550	(51,730)	17,733,267 10,451,359
   	3,457 24,648	-	-	2,756	2,513	-	-	115,567 687,280
   	4,037,852 3,761,750	51,231	49,582	(34,643)	(16,967)	83,550	(51,730)	17,848,834 11,138,639
   	- -	879	-	-	-	-	-	1,898,578 437,781
   	(44,403) (177,754)	15,588	18,052	1,718	(4,251)	4,529	578	(1,119,827) (1,786,963)
   	- -	-	-	-	-	-	-	3,812 (4,504)
   	3,993,449 3,583,996	67,698	67,634	(32,925)	(21,218)	88,079	(51,152)	18,631,397 9,784,953
   	(1,840,707) (1,506,760)	(39,458)	(23,362)	-	-	(30,141)	-	(5,079,848) (3,132,785)
   	116,248 30,936	498	1,109	8,164	6,358	2,212	2,084	(181,322) (416,676)
   	(1,724,459) (1,475,824)	(38,960)	(22,253)	8,164	6,358	(27,929)	2,084	(5,261,170) (3,549,461)
   	2,268,990 2,108,172	28,738	45,381	(24,761)	(14,860)	60,150	(49,068)	13,370,227 6,235,492
   	1,052,643 988,920	25,088	41,709	(22,280)	(13,371)	60,150	(49,068)	6,620,889 3,043,199
   	1,216,347 1,119,252	3,650	3,672	(2,481)	(1,489)	-	-	6,749,338 3,192,293
   	2,268,990 2,108,172	28,738	45,381	(24,761)	(14,860)	60,150	(49,068)	13,370,227 6,235,492

   Carson Cumberbatch PLC | Condensed Interim Financial Statements For the three months ended 30th June 2025 Notes to the Condensed Interim Financial Statements

   Unaudited Financial Statements for the three months ended 30th June 2025 (All figures are in Sri Lankan Rupees Thousands)

   Operating Segment Information - Group (b) Segments Assets/ liabilities are as follows: Investment Holdings Portfolio & Asset Oil Palm Plantations Oils and fats Management As at 30.06.2025 31.03.2025 30.06.2025 31.03.2025 30.06.2025 31.03.2025 30.06.2025 31.03.2025
   SEGMENT ASSETS
   Non - Current Assets
   Fixed assets*	-	-	12,529	2,951	95,283,863 92,001,400	12,409,924	11,854,995
   Intangible assets (Including land rights)	-	-	182,740	182,740	8,037,769 7,919,945	1,369,010	1,348,932
   Financial assets measured at FVOCI/Equity accounted investee	4,860,729	4,304,097	15,839,645	14,025,750	- -	840,000	792,063
   Deferred tax assets	-	-	6,675	7,147	3,306,825 2,295,999	338,473	338,473
   Other financial receivables	-	-	5,295,523	5,099,375	- -	-	-
   Other non financial receivables	-	-	-	-	14,093,863 13,529,304	-	-
   Total non - current assets	4,860,729	4,304,097	21,337,112	19,317,963	120,722,320 115,746,648	14,957,407	14,334,463
   Current Assets
   Inventories/biological assets	-	-	-	-	12,144,746 10,988,203	6,152,325	7,329,167
   Trade debtors and other financial assets	762	762	66,338	34,969	2,625,717 3,309,530	11,312,452	6,695,121
   Other non financial receivables	8,001	11,263	12,707	12,560	4,763,310 4,152,553	1,281,954	978,635
   Financial assets measured at FVTPL	135,500	125,743	10,152,476	9,848,843	- -	410,320	118,347
   Cash and cash equivalents	711,298	220,684	8,503,294	6,362,785	35,777,101 30,719,817	1,438,918	1,928,382
   Total current assets	855,561	358,452	18,734,815	16,259,157	55,310,874 49,170,103	20,595,969	17,049,652
   Total segmental assets	5,716,290	4,662,549	40,071,927	35,577,120	176,033,194 164,916,751	35,553,376	31,384,115
   SEGMENT LIABILITIES
   Non - Current Liabilities Loans and borrowings	760,012	668,340	733,344	783,242	49,134,601 48,313,225	1,331,248	1,460,775
   Other financial payables	-	-	-	-	- -	-	-
   Other non financial liabilities	-	-	25,041	23,991	4,207,022 3,839,012	-	-
   Deferred tax liabilities	-	-	-	-	7,010,681 5,617,329	2,072,062	1,926,840
   Total non - current liabilities	760,012	668,340	758,385	807,233	60,352,304 57,769,566	3,403,310	3,387,615
   Current Liabilities
   Trade and other financial liabilities	380,982	356,603	166,939	141,100	21,955,945 21,755,314	4,960,591	4,208,675
   Loans and borrowings	1,267,468	1,014,583	761,421	258,665	5,741,385 5,585,405	8,114,778	8,808,930
   Total current liabilities	1,648,450	1,371,186	928,360	399,765	27,697,330 27,340,719	13,075,369	13,017,605
   Total segmental liabilities	2,408,462	2,039,526	1,686,745	1,206,998	88,049,634 85,110,285	16,478,679	16,405,220
   *Fixed assets include Property, Plant and Equipment, Bearer Plants, Right of use Assets and Investment Properties.

   	Beverage 30.06.2025 31.03.2025	Real Estate 30.06.2025 31.03.2025	Leisure 30.06.2025 31.03.2025	Management Services 30.06.2025 31.03.2025	Group 30.06.2025 (Unaudited)	31.03.2025 (Audited)
   	29,907,075 30,271,176	6,504,594 6,488,149	2,666,739 2,636,579	54,842 39,744	146,839,566	143,294,994
   	1,010,754 1,012,905	27,584 27,584	- -	255 264	10,628,112	10,492,370
   	- -	- -	- -	- -	21,540,374	19,121,910
   	146,882 432,272	53,259 53,259	138,086 138,086	50,845 48,632	4,041,045	3,313,868
   	1,676,000 1,611,178	403,058 388,202	24,759 24,759	- -	7,399,340	7,123,514
   	- -	- -	- -	- -	14,093,863	13,529,304
   	32,740,711 33,327,531	6,988,495 6,957,194	2,829,584 2,799,424	105,942 88,640	204,542,300	196,875,960
   	8,076,144 8,329,332	- -	37,222 38,386	185 354	26,410,622	26,685,442
   	2,716,327 4,619,654	96,669 93,583	84,360 113,086	1,683 208	16,904,308	14,866,913
   	928,151 1,010,609	33,279 20,941	12,380 8,589	64,910 59,931	7,104,692	6,255,081
   	- -	41,479 -	- -	- -	10,739,775	10,092,933
   	19,372,519 18,133,778	739,432 650,006	366,282 373,988	522,411 403,204	67,431,255	58,792,644
   	31,093,141 32,093,373	910,859 764,530	500,244 534,049	589,189 463,697	128,590,652	116,693,013
   	63,833,852 65,420,904	7,899,354 7,721,724	3,329,828 3,333,473	695,131 552,337	333,132,952	313,568,973
   	2,770,005 2,468,395	344,500 192,000	63,148 68,948	- -	55,136,858	53,954,925
   	- -	108,069 103,214	- -	- -	108,069	103,214
   	407,493 399,658	8,491 8,363	28,264 27,982	168,175 160,869	4,844,486	4,459,875
   	7,184,304 7,585,943	1,746,854 1,747,352	746,352 754,516	- -	18,760,253	17,631,980
   	10,361,802 10,453,996	2,207,914 2,050,929	837,764 851,446	168,175 160,869	78,849,666	76,149,994
   	11,662,339 15,163,216	188,655 189,943	194,569 196,470	361,388 275,504	39,871,408	42,286,825
   	5,443,695 4,608,213	90,595 48,200	149,440 112,741	- -	21,568,782	20,436,737
   	17,106,034 19,771,429	279,250 238,143	344,009 309,211	361,388 275,504	61,440,190	62,723,562
   	27,467,836 30,225,425	2,487,164 2,289,072	1,181,773 1,160,657	529,563 436,373	140,289,856	138,873,556

   Carson Cumberbatch PLC | Condensed Interim Financial Statements For the three months ended 30th June 2025 Notes to the Condensed Interim Financial Statements

   Unaudited Financial Statements for the three months ended 30th June 2025 (All figures are in Sri Lankan Rupees Thousands)

4. RELATED PARTY TRANSACTIONS

   Group Company

   For the period ended 30th June 2025 2024 2025 2024

   Significant transactions with related parties

   Dividend Income received - - 206,416 406,484

   For support services obtained - - 9,262 9,442

   Outstanding balances

   Due from subsidiaries - - 365,000 297,882 Due from equity accounted investee 56,776 63,061 - -

5. STATED CAPITAL

   Group / Company

   As at 30th June 2025 2024

   Issued and Fully Paid Ordinary Shares

   196,386,914 Ordinary shares 1,114,652 1,114,652

   1,114,652 1,114,652

6. Support Services fees and other significant expenses for the quarter have been accounted for in full in the interim financial statements.

7. These financial statements have not been audited or reviewed by the Company auditors.

8. Net assets per share is calculated for all periods, based on the number of Ordinary shares in issue as at 30th June 2025.

9. CONTINGENT LIABILITIES AND CAPITAL COMMITMENTS

   1. Financial Commitments

      Lion Brewery (Ceylon) PLC

      Document credits established for foreign purchases as at 30th June 2025 amounts to Rs.1,683 Mn (31st March 2025 - Rs. 810 Mn).

   2. Capital Commitments

      Lion Brewery (Ceylon) PLC

      Capital expenditure committed by the Lion Brewery (Ceylon) PLC for which a provision has not been made in the Financial Statements amounts to Rs. 1,630 Mn as at 30th June 2025 (31st March 2025 - Rs. 639Mn).

      Unaudited Financial Statements for the three months ended 30th June 2025 (All figures are in Sri Lankan Rupees Thousands)

   3. Contingencies

      Ceylon Beverage Holdings PLC - Group

      Contingent liabilities as at 30th June 2025 amounts to Rs. 4,242 Mn (31st March 2025 - Rs. 4,329 Mn), being bank guarantees given to Government bodies and foreign suppliers for operational purposes.

      There were no significant changes in the contingent liabilities and capital commitment since the last annual report date other than disclosed above.

10. EVENTS AFTER THE REPORTING PERIOD

    On 30 July 2025, the Board of Directors approved a second interim dividend of Rs. 6.39 per share for the financial year ended 31 March 2025. In compliance with Section 56(2) of the Companies Act No. 07 of 2007, the Board has confirmed that the Company satisfies the solvency test as stipulated under Section 57 of the said Act. A certificate of solvency from the auditors was obtained prior to the scheduled dividend payment dates, which falls on or before 28th August 2025.

    Other than the dividend declaration noted above, no circumstances have arisen since the reporting date that would require adjustment to, or disclosure in, the financial statements.

11. DIRECTORS SHAREHOLDING AS AT 30TH JUNE 2025

    No of Shares

    Mr. W. M. R. S. Dias - Non-Executive	-
    Mr. H. Selvanathan - Non Executive	76,852
    Mr. M. Selvanathan - Non Executive	1,805,146
    Mr. D. C. R. Gunawardena - Non-Executive	-
    Mr. S. K. Shah - Non-Executive	-
    Mr. A. S. Amaratunga - Non-Executive/Independent	'-
    Ms. S. Selvanathan -Executive	-
    Mr. M. M. Murugappan - Non-Executive/Independent	-
    Mr. Y. H. Ong - Non-Executive/Independent	-

    Carson Cumberbatch PLC | Condensed Interim Financial Statements For the three months ended 30th June 2025 Notes to the Condensed Interim Financial Statements

    Unaudited Financial Statements for the three months ended 30th June 2025 (All figures are in Sri Lankan Rupees Thousands)

12. TWENTY MAJOR SHAREHOLDERS - ORDINARY SHARES

    As at 30.06.2025

    Name of Shareholder		No. of Shares	%
    1 Bukit Darah PLC A/C No. 2		89,706,431	45.68
    2 Tower Investments (Pvt) Ltd		21,025,903	10.71
    3 Fulcrum (Private) Limited		19,231,059	9.79
    4 Portelet Limited		14,747,670	7.51
    5 Newgreens Limited		14,747,670	7.51
    6 Mr. V. Nataraj		10,806,346	5.50
    7 Employees Provident Fund		5,602,586	2.85
    8 Goodhope Holdings (Pvt) Limited		2,265,665	1.15
    9 GF Capital Global Limited		1,885,341	0.96
    10 Mr. M. Selvanathan		1,805,146	0.92
    11 Ceylon Securities and Investments	(Private) Limited	1,606,251	0.82
    12 Skan Investments (Pvt) Limited		1,561,015	0.79
    13 Mrs. M.N.C. Pellizzari		939,801	0.48
    14 Auerbach Grayson and Company LLC		808,035	0.41
    15 Mr. Satish Selvanathan		703,348	0.36
    16 Interkrish Investment Company (Pvt) Limited		552,966	0.28
    17 Estate of Late K.C. Vignarajah		477,215	0.24
    18 Krish Investments Company (Pvt) Ltd		441,523	0.22
    19 Hatton National Bank PLC - Senfin Growth Fund		313,352	0.16
    20 Mrs. M.L. De Silva		298,809	0.15

13. PUBLIC HOLDING

The Company is in compliance with the Minimum Public Holding requirements for Companies listed on the Main Board as per Rule 7.13.1 (i) (a) of the Listing Rules of the Colombo Stock Exchange, under Option 1, i.e. Float-Adjusted Market Capitalization of Rs.10 Billion with 500 Public Shareholders and no minimum Public Holding percentage is required.

The Company's Public Holding as at 30th June 2025

• Float Adjusted Market Capitalization (Rs.) 13,410,869,583.23

• Percentage of ordinary shares held by the public 14.08%

• Number of Public Shareholders 1,867