Interim financial statements for the period ended 30th June 2025

CENTRAL INDUSTRIES PLC

(Company Reg.No. PQ 121)

INTERIM CONDENSED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED

30TH JUNE 2025

GROUP

COMPANY

AS AT

30/06/25

31/03/25

30/06/24

30/06/25

31/03/25

30/06/24

(Unaudited)

(Audited)

(Unaudited)

(Unaudited)

(Audited)

(Unaudited)

(Rs'000)

(Rs'000j

(Rs'000)

ASSETS

Propeny, Plant and Equipment

1,277,919

1,290,237

1,296,592

1,277,919

1,290,237

1,296,592

Financial Assets at amonised cost

305,243

193,456

189,120

305,243

193,456

189,120

Intangible Assets

3,517

3,789

4,073

3,517

3,789

4,073

Investment in Subsidiaries

1,000

1,000

1,000

NON-CURRENT ASSETS

1,586,679

1,487,482

1,489,785

1,587,679

1,488,482

1,490,785

Inventories

1,135,284

965,095

1,179,252

1,135,284

96S,09S

1,179,252

Trade Receivables

1,376,970

1,365,764

1,101,346

1,376,970

1,365,698

1,101,346

Other Receiyables

152,5B1

187,034

38,700

152,581

187,033

38,700

Investment valued at Fair Value Through Profit and Loss

409,592

93,641

287,740

409,592

93,641

287,740

Investments measured at amortized cost

475,297

884,213

604,520

475,297

884,213

604,520

Current Tax Assets

28

2g

28

Cash and Cash Equivalents

118,087

79,828

587,250

117,964

79,704

587,126

CURRENT ASSETS

3,667,839

3,575,603

3,798,836

3,667,687

3,575,384

3,798,684

TOTAL ASSETS

5,254,518

5,063,085

5,288,621

5,255,367

5,063,866

5,289,469

EQUITY AND LIABILITIES

EQUITY

Stated Capital

453,539

453,539

453,539

453,539

453,539

453,539

Revaluation Reserve

513,360

S14,461

517,223

513,360

514,461

517,223

General Reserve

100,814

100,814

100,814

100,814

100,814

Retained Earnings

3,309,103

3,315,980

3,020,231

3,308,841

3,315,738

3,019,997

EQUITY ATTRIBUTABLE TO OWNERS OF THE COMPANY

4,376,816

4,384,794

4,091,807

4,376,554

4,384,552

4,091,573

TOTAL EQUITY

4,376,816

4,384,794

4,091,807

4,376,554

4,384,552

4,091,573

LIABILITIES

Employee Benefits

83,965

82,431

76,869

83,965

82,431

76,g69

Deferred Tax Liabilities

159,095

157,980

150,149

159,095

157,980

150,149

Loans and Borrowings

824

824

NON-CURRENT LIABILITIES

243,060

240,411

227,842

243,060

240,411

227,842

Trade Creditors

68,023

59,252

54,924

68,023

59,18S

54,924

Other Payables

435,921

264,582

209,658

435,805

264,465

209,545

Loans and Borrowings

2,224

4,444

512,880

2,224

4,444

512,880

Warranty Provision

6,517

6,125

4,212

6,517

6,125

4,212

Current Tax Liabilities

120,410

102,184

168,819

120,410

102,184

168,819

Amounts due to Related Panies

1,547

1,293

1,039

1,547

1,293

1,039

Amounts due to Subsidiaries

1,227

1,207

1,195

Bank Overdraft

17,440

17,440

CURRENT LIABILITIES

634,642

437,880

968,972

635,753

438,903

970,054

TOTAL LIABILITIES

877,702

678,291

1,196,814

878,814

679,314

1,197,896

TOTAL EQUITY AND LIABILITIES

5,Z54,518

5,063,085

5,288,621

5,255,367

5,063,866

5,289,469

Net Assets per Ordinary Share (Rs.)

180.90

181.23

169.12

180.89

181.22

169.11

CENTRAL INDUSTRIES PLC

INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

30/06/25

Rs.'000

1,324,484

(1,048,579)

275,905

21

(62,000)

(46,101)

167,825

29,320

(1,236)

28,084

30/06/24

Rs.'000

1,159,309

(939,030)

220,279

748

(52,825)

(43,491)

124,711

37,289

(1,977)

35,312

Change

%

14

(12)

25

(97)

(17)

(6)

35

(21)

37

(20)

Revenue

Cost of Sales

Gross Profit

Other Income

Selling and Distribution Expenses

Administrative Expenses

Operating Profit

Finance Income

Finance Cost

Net Finance Income/ (Cost)

30/06/25

Rs.'000

1,324,484

(1,048,579)

275,905

21

(62,000)

(46,101)

167,825

29,320

(1,257)

28,063

Change

%

14

(12)

25

(97)

(17)

(6)

35

(19)

(22)

(20)

Profit Before Taxation

Income Tax Expenses

Profit for the Period

Profit attributable to

Owners of the Company

Non - Controlling Interests

137,193

-

111,882

-

Total Comprehensive Income attributable to

Owners of the Company

Non - Controlling Interests

111,882

-

22

(22)

23

22

(22)

23

137,173

-

111,852

-

111,852

-

CENTRAL INDUSTRIES PLC

INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

STATEMENT OF CHANGES IN EQUITY

Stated

Capital

Rs.000

General

Reserve

Rs.000

Retained

Earnings

Rs.000

Total

Equity

Rs.000

Balance as at 1stApril 2024

453,539

Comprehensive Income for the Period

Profit for the Period

-

Total Comprehensive Income for the Period

-

Depreciation on Revaluation Surplus

-

Deferred Tax on Revaluation Surplus

-

Balance as at 30thJune 2024

453,539

518,147

100,814

2,907,425

3,979,925

-

-

(1,395)

471

517,223

-

-

-

-

100,814

111,882

111,882

1,395

(471)

3,020,231

111,882

111,882

-

-

4,091,807

Balance as at 1stApril 2025

453,539

514,461

100,814

Comprehensive Income for the Period

Profit for the Period

-

-

-

Other Comprehensive Income for the Period

-

-

-

Total Comprehensive Income for the Period

-

-

-

Depreciation on Revaluation Surplus

-

(1,572)

-

Deferred Tax on Revaluation Surplus

-

471

-

Final dividend for 2024/25

-

-

-

Balance as at 30thJune 2025

453,539

513,360

100,814

137,193

-

137,193

1,572

(471)

(145,171)

3,309,103

137,193

-

137,193

-

-

(145,171)

4,376,816

CENTRAL INDUSTRIES PLC

INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

STATEMENT OF CHANGES IN EQUITY

Stated

Capital

Rs.000

General

Reserve

Rs.000

Retained

Earnings

Rs.000

Total

Equity

Rs.000

Balance as at 1st April 2024

453,539

Comprehensive Income for the Period

Profit for the Period

-

Total Comprehensive Income for the Period

-

Depreciation on Revaluation Surplus

-

Deferred Tax on Revaluation Surplus

-

Balance as at 30th June 2024

453,539

-

-

(1,395)

471

517,223

-

111,852

-

111,852

-

1,395

-

(471)

100,814

3,019,997

111,852

111,852

-

-

4,091,573

Balance as at 1st April 2025

453,539

Comprehensive Income for the Period

Profit for the Period

-

Other Comprehensive Income for the Period

-

Total Comprehensive Income for the Period

-

Depreciation on Revaluation Surplus

-

Deferred Tax on Revaluation Surplus

-

Final dividend for 2024/25

-

Balance as at 30th June 2025

453,539

-

-

137,173

137,173

-

-

-

-

-

-

137,173

137,173

(1,572)

-

1,572

-

471

-

(471)

-

-

-

(145,171)

(145,171)

513,360

100,814

3,308,841

4,376,554

CENTRAL INDUSTRIES PLC

INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

STATEMENT OF CASH FLOWS

GROUP

30/06/25

30/06/24

(Rs.'000)

(Rs.'000)

COMPANY

30/06/25

30/06/24

(Rs.'000)

(Rs.'000)

Cash Flows from Operating Activities

Profit Before taxation

195,908

160,023

Adjustments for :

Depreciation, Impairment and Amortization

22,211

19,769

(Gain) / Loss on Investment valued at Fair Value Through Profit and Loss

(204)

(973)

Disposal Gain on Redemption of Unit Trust Investments

(5,247)

(9,569)

Interest income at amortized cost

(6,154)

-

Provision for Employee Benefits

4,071

4,243

Provision / (Reversal) for Slow Moving Inventories

(13,694)

(8,123)

Provision / (Reversal) for Impairment of Trade Debtors

-

(5,000)

Interest Expenses

1,236

1,977

Interest Received

(17,364)

(26,425)

Operating Profit before Working Capital changes

180,763

135,921

Adjustments for Working Capital Changes

Decrease/ (Increase) in inventories

(156,495)

(213,460)

Decrease / (Increase) in Trade and Other Receivables

23,247

(38,495)

Increase / (Decrease) Decrease in Trade and Other Payables

35,584

(17,951)

Cash Generated in Operating Activities

83,100

(133,986)

22,211

(204)

(5,247)

(6,154)

4,071

(13,694)

-

1,257

(17,364)

180,763

19,769

(973)

(9,569)

-

4,243

(8,123)

(5,000)

2,007

(26,425)

135,921

(156,495)

23,181

35,673

83,121

(213,460)

(38,495)

(17,922)

(133,956)

Gratuity Paid

(2,538)

(452)

(2,538)

(452)

Interest Paid

(1,236)

(1,977)

(1,257)

(2,007)

Tax Paid

(39,374)

(30,213)

(39,373)

(30,213)

Net Cash Generated from / (Used in ) Operating Activities

39,952

(166,629)

39,954

(166,628)

Cash Flows from Investing Activities

Disposal / (Acquisition) of Property, Plant and Equipment and Intangible Assets

(9,621)

(9,987)

Proceeds on Disposal / (Purchase) of Financial Instrument

9,241

205,222

Interest Received

907

11,796

Net Cash Generated from/ (Used in) Investing Activities

527

207,031

(9,621)

9,241

907

527

(9,987)

205,222

11,796

207,031

Cash Flows from Financing Activities

Short Term and Long Term Loans obtained

-

500,000

Repayment of Short Term and Long Term Loans

(2,220)

(4,320)

Net Cash Generated from / (Used in) Financing Activities

(2,220)

495,680

-

500,000

(2,220)

(4,320)

(2,220)

495,680

Net Increase in Cash and Cash Equivalents

38,259

Cash and Cash Equivalents at the beginning of the year

79,828

Cash and Cash Equivalents at the end of the year

118,087

38,260

536,082

79,704

33,604

117,964

569,686

Analysis of Cash and Cash Equivalents at end of the period

Cash in Hand and Cash at Bank

118,087

Bank Overdraft

-

118,087

117,964

587,126

-

(17,440)

117,964

569,686

CENTRAL INDUSTRIES PLC

NOTES TO THE INTERIM CONDENSED FINANCIAL STATEMENTS

(Unaudited)

1.

BASIS OF PREPARATION

The interim condensed financial statements for the period ended 30thJune 2025 are drawn from the unaudited accounts of the Company and its Subsidiary of "Polymer Technologies (PVT) LTD".

These interim financial statements have been prepared on the basis of the same accounting policies and principles set out in the Annual Report for the year ended 31stMarch 2025 and are in compliance with LKAS 34 - Interim Financial Reporting. The presentation and classification of comparative information relating to previous years have been amended where

relevant.

2.

SEGMENT INFORMATION (GROUP)

SEGMENT RESULTS

FOR THE PERIOD ENDED

30/06/25

(Rs.'000)

30/06/24

(Rs.'000)

Revenue

Water Management Products

Electrical Products

1,172,816

151,668

1,324,484

1,054,072

105,237

1,159,309

Profit Before Taxation

Water Management Products

Electrical Products

185,721

10,188

195,908

158,269

1,754

160,023

Total Assets

Water Management Products

Electrical Products

4,880,973

373,546

5,254,518

4,919,302

369,319

5,288,621

Total Liabilities

Water Management Products

Electrical Products

848,399

29,303

877,702

1,177,176

19,638

1,196,814

3.

EVENTS AFTER THE REPORTING PERIOD

No circumstances have arisen since the end of the reporting period of these financial statements, which would require

adjustment to or disclosure in the financial statements.

4.

CONTINGENCIES

4.1 The Company has provided bank guarantees to the value of Rs. 127,457,653/- as at 30th June 2025.

4.2 The outstanding tax assessments related to the company amounted to Rs. 17. 9 Mn which have been duly appealed as

of 06.08.2025.

CENTRAL INDUSTRIES PLC

NOTES TO THE INTERIM CONDENSED FINANCIAL STATEMENTS (Unaudited)

5.

CAPITAL EXPENDITURE

Capital expenditure incurred during the period amount to Rs. 9.6 Mn and it is reflected in Property, Plant, and Equipement.

6.

CAPITAL COMMITMENTS

The Board of Directors had approved to purchase capital assets totaling Rs. 62.3 million of which Rs. 23.89 million has been paid as an advance. The Company had no other capital

commitments as at 30thJune 2025.

7.

SEASONALITY OF OPERATIONS

There is no seasonality / cyclical impact on the operations of the Company which need be disclosed.

8.

RECOGNITION OF A LOSS FROM THE IMPAIRMENT OF FINANCIAL ASSETS, PROPERTY, PLANT & EQUIPMENT AND INTANGIBLE ASSETS

There were no material losses from the impairment of financial assets, property plant and equipment and Intangible assets.

9.

FINANCIAL ASSETS AT AMORTISED COST

Financial Assets at amortised cost represents Treasury Bonds received in lieu of outstanding receivables from the National Water Supply and Drainage Board of Sri Lanka for the value

of Rs. 189 Mn. The financial assets are measured at amortised cost.

10.

First and final ordinary dividend of Rs. 6/- per ordinary share as cash for the year 2024/25 and total dividend amounting to Rs. 145,171,158/-, which was approved by the shareholders

at the Annual General Meeting held on 26th June 2025, was paid on 03rd July 2025.

11.

TRANSACTIONS WITH RELATED PARTIES

Nature of Relationship

Nature of Transactions

Fellow Subsidiary

Entitled to brokerage commission on premia

paid to insurance Companies

Value of insurance premia paid

600

An associate of the parent

company

Transaction Value

For the Period

ended

30/06/2025

For the Period

ended

30/06/2024

(Rs.'000)

(Rs.'000)

Parent company

Deposited in savings account

673

638

Interest earned from savings account

10

10

500,000

21,150

-

278

638

6,129

1,039

Banking facilities in the normal course of the business.

Limit of facilities

-

Balance at Bank on saving and current account

51,425

Trade finance

-

Interest Received on saving account

882

Interest & Charges paid

840

An enterprise controlled

Subcontract manufacture of PVC pipe fittings

by a director.

- Processing charges on PVC Pipe & fittings

5,880

- Amounts Payable as at 30thJune

1,547

An enterprise controlled by a director.

Contract for Rs. 23 Million to design and construction of Road network at Yakkala Factory

- Advance payment made during the year

8,237

Advance payment for construct Boundry Wall at Yakkala

-

(Total cost for project is Rs.7 Mn)

A wholly owned subsidiary

Funds advanced to the Company

1,227

1,195

Interest paid on funds advanced

20

30

Polymer Technologies (PVT) LTD.

SHARE INFORMATION

12.1 Number of Shares Representing the Entity's Stated Capital

Ordinary Shares

As at 30/06/25

24,195,193

As at 30/06/24

24,195,193

CENTRAL INDUSTRIES PLC

NOTES TO THE INTERIM CONDENSED FINANCIAL STATEMENTS (Unaudited)

Name

Central Finance Company Plc A/C No 03

Cf Insurance Brokers (Private) Limited

Mrs. Thusharie Tilottama Anjalee De Silva Weerasooria

Employees Trust Fund Board

Mr. Ruwanpura Chanaka Dharmajith De Silva

Mrs. Sarasvathi Vasudevan

Mr. Sarath Chandra Weerasooria

Finco Holdings (Private) Limited

Deutsche Bank Ag-National Equity Fund

Mr. Varatharajah Sivakumar

Mr. Prashantha Wanigasuriya

Mr. Hanif Yusoof

Dfcc Bank Plc A/C No 01

Seylan Bank Plc/Mr. R. A. Rishard

Mr. Budrika Tarusha De S Weerasooria

Hatton National Bank Plc/Mr. Ruwan Prassana Sugathadasa

Seylan Bank Plc/Mr. Emile Joseph Gunesekera & Mrs. Michelle Geneieve Martha Gunasekera

Hatton National Bank Plc/Mr. Wijesinghe Jayaweera Mudiyanselage Punsith Rashmin Lokubandara

Assetline Finance Limited/Mr. C. Dissanayake

Mr. Silmy Ahmed Mohamed Basheer

No. of Shares

10,660,944

1,382,285

959,862

846,421

739,262

500,000

425,563

423,427

255,000

236,246

175,286

159,590

142,363

130,040

127,107

121,500

121,000

115,500

108,000

101,900

17,731,296

%

44.06

5.71

3.97

3.50

3.06

2.07

1.76

1.75

1.05

0.98

0.72

0.66

0.59

0.54

0.53

0.50

0.50

0.48

0.45

0.42

73.28

12.3 Public Holding of Shares

Shares held by the public

Total Number of shareholders comprising the Public Holding Percentage

Float Adjusted Market Capitalization

Total Number of shareholders

As at 30-06-2025

49.57%

2,445

Rs.1,924,388,870

2,454

As at 30-06-

2024

46.72%

2,338

Rs.1,299,959,329

2,345

Directors

Mr.G.S.N.Peiris

Mr.E.H.Wijenaike

Mr. A.K. Gunaratne

Mr.C.S.W.De Costa

Mr. C.S. Hettiarachchi

Mr.D.T.R De Silva

Mr.I.M.P.Rupatunge ( CEO)

Mr. D. K. Welmillage

Mrs. T.P.Gunasekera

No. of Shares held

as at 30-06-25

6

44,081

-

-

-

-

-

9,178

-

Highest Price recorded during the period (Rs.)

Lowest Price recorded during the period (Rs.)

Last Traded Price recorded during the period (Rs.)

Three Month Ended

30-06-25

30-06-24

169.00

141.00

134.00

109.25

160.00

115.00