Ceylon Hotels Corporation PlcCSELK: CHOT.N0000

Quarterly Financial Statements for the Quarter ended 30.06.2025

Aug 14, 2025 at 11:04 AM UTC · Issued by Ceylon Hotels Corporation PLC

CONDENSED:CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED 30 JUNE 2025

Ceylon Hotels Corporation PLC

A Member of the Galle Face Hotel Group of Companies

Corporate Information

Name of the Company

Ceylon Hotels Corporation PLC

Company Registration No.

P.B.3283

Legal Form

A public quoted company with limited liability

Stock Exchange Listing

The ordinary shares of the Company are listed on the Colombo Stock Exchange of Sri Lanka.

Board of Directors

Sanjeev Gardiner - Chairman Priyantha Maddumage Mangala Boyagoda Kamantha Amarasekera Ajith Devasurendra

Ranil Pathirana Shalike Karunasena

Nirmal De Soysa Cooke - Independent Non-Executive Director

Dinesh Stephen Weerakkody - Senior Independent Non-Executive Director Sutheash Balasubramaniam - Independent Non-Executive Director

Registered Office

No.327, Union Place, Colombo 02. Tel:- 011 7657900, 011 2421847

Email : Corporateoffice@ceylonhotels.net Corporate website: https://www.chcpIc.com

Secretaries

Deloitte Corporate Services (Private) Limited (formerly known as Accounting Systems Secretarial Services (Pvt) Limited)

No. 100, Braybrooke Place, Colombo 02.

Tel:- 011-5444425/ 011-5444426

External Auditors

Messrs. KPMG, Chartered Accountants

32A, Sir Mohamed Macan Markar Mawatha, Colombo 03.

Tel:- 011-5426426

Hotel Reservations

Ceylon Hotels Corporation PLC

No. 372, Union Place, Colombo 02.

CEYLON HOTELS CORPORATION PLC

Statement of financial position

Gr		oup

3l	0 Jun 2025	31 Mar 2025	30	Jun 2025	31 Mar 2025
(	Unaudited)	(Unaudlted)	{U	laudked)	(Unaudked)
12,342,587		12,369,808
3,355		3,67
102,279		103,578
			2,037,725		2,037,725
450,520		455,949	125,330		125,330
28,525		25,917	28,525		25,917
12,927,266		\| 12,958,869	\| 2,191,580		\| Z,188,972
143,946		136,658
234,660		374,142	6lg		4Z2
654,175		639,744	586, 624		562,760
1,752		1,752
1,162,045		1,218,196	66		4,107
2,196,578		2	5 0		,289
15,123,844		I 15,329,361	2,778,880		\| 2,756,261
362,611		362,611	362,611		362,611
5,453,596		5,502,108	2,403,059		2,403,059
1,863,882		1,849,195	(4,639)		(16,041
7,680,089		\| 7,713,914	2,761,031		I 2,749,629
2,836,087		2,852,889
10,516,176		\| 10,566,802	2,761,031		2,749,629
702,902 29,844 2,279,969 114,105		721,070 29,497 2,308,579 110,680
3,126,821		\| 3,169,826
573,642		683,433	3,520		2,817
21,535		12,788
285,414		359,095
18,406		21,931
150,220		175,145	1,920		3,815
431,631		340,341	12,409
1,480,847		,592,733	17,849
is,i2s,#x 42,66		i5,azs,Dsi 42.8S	z,77#,#ao 15.34		,rss,2si 15.27

(All amounts in Sri Lankan Rupees thousands)

ASSETS

Non - Current Assets

Property, plant and equipment Intangible assets

Right of use assets Investment in subsidiaries Investment in joint venture Deferred tax asset

Current Assets Inventories

Trade and other receivables

Amounts due from related companies Income tax recoverable

Cash and cash equivalents

TOTAL ASSETS

EQUITY AND LIABILITIES

Equity

Stated capital Reserves Retained earnings

Total equity attributable to equity holders of the company

Non controlling interest Total Equity

Non - Current Liabilities Interest-bearing borrowings Employee benefit obligation Deferred tax liabilities

Lease liabilities

Current Liabilities

Trade and other payables

Contract liabilities

Interest-bearing borrowings

Lease liabilities

Amounts due to related companies

Bank overdrafts

TOTAL EQUITY AND LIABILITIES

Net Assets per Share (Rs.)

The notes on pages 6 to 8 form an integral part of these financial statements.

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

Kowshika Vijithan Group Accountant

The Board of Directors is responsible for the preparation and presentation of these inancial statements. Approved and signed for and on behalf of the Board of Directors.

anjeev iner Chairman

August 13, 2025

Shalike Karu a Director

CEYLON HOTELS CORPORATION PLC

Statement of comprehensive income

(All amounts in Sri Lankan Rupees thousands)

Three Months Ended 30th

June

Three Months Ended 30th

June

Group

2025

(Unaudited)

2024

(Unaucjlted)

20Z5

(Unaudlted)

2024

(Unaudited)

350,122

265,614

31.82%

(112,335)

(88,377

27.11%

237,787

177,237

34.16%

857

988

(23,269)

(19,339

20.32%

(293,713)

(270,993

(2,735

(3,056

8.38%

1,140

(786

-245.08%

(77,197))

(112,893

(2,735)

]

(3,056

-31.62%

49,916

58,088

11,649

15,676

-14.07%

(58,460)

(48,970

(121

19.38%

9,333

6,889

35.47%

790

i6,007

[ 11,528

15,675

-95.07%

(5,429)

(7,036

-22.85%

(81,837)

(103,922

8,794

12,619

-21.25%

31,217

32,362

2,608

(1,019

-3.54%

(50,620

'll

(71,560

11,402

11,600

-29.26%

(50,620]

(71,560

11,402

11,600

(50,620)

(71,560

11,402

11,600

(33,817)

(50,193

11,402

11,600

(16,802j

(21,367

(50,620

(71,560

11,402

11,600

(33,817)

(50,193

11,402

11,600

(16,802)

(21,367

(50,620)

[ (71,560

11,402

11,600

(0.28

t 0.06

0.06

Group o pan ian e

Revenue

Less: Cost of sales Gross profit

Other operating income Less : Operating expenses

Selling and distribution expenses

Administration expenses Other operating expenses Profit/(loss) from operations

Finance income Less: Finance costs

Net foreign exchange (loss)/ gain Net finance income/(costs)

Share of loss of equity accounted investees, net of

tax

Profit/(loss) before income tax

Less: Income tax (expense)/reversal Profit/(loss) for the period from continuing operations

Profit/(loss) for the period Other comprehensive income

Other comprehensive income for the period, net of tax

Total comprehensive income for the period, net of tax

Profit/(loss) for the period attributable to: Equity holders of the Company

Non controlling interest Profit/(loss) for the period

Total comprehensive income attributable to: Equity holders of the Company

Non controlling interest

Total comprehensive income for the period

Basic and diluted earnings/ (loss) per share

The notes on pages 6 to 8 form an integral part of these financial statements.

-02-

CEYLON HOTELS CORPORATION PLC

Statement of changes in equity - Company

Stated

Capital

Reserves

FVOCI "

Reserve

. General

Reserves

§quity Reserve -

: Acquaition

under common

' A«m«iated

Proflt / (Losses)

Total '

Eqrjlty:

166,718

2,228,212

(53,962)

2,711,709

37,919

3?,919

362,611

8,128

166,718

2,228,2$2

(16,042j

2,749,618

11,402'

11,402

13,402

11,402

[ 166,718

| 2,228,2g2

(4,639)

l 2,761,031

(All amounts in Sri Lanka Rupees thousands)

Balance at 1 April 2024

Profit/(loss) for the year Other comprehensive income

Total comprehensive loss for the year Balance at 31 March 2025

Profit/(loss) for the period

Total comprehensive loss for the period

Balance as at 30 June 2025

Stated Capital

Capital Reserves

FVOCI

Reserve

. General Reserves

Equity Reserve -

Acquisition " under rommon

control

Accumulate Profit/ *

(Losses)

Total Equity

362,611

8,128

166,718

(131,403)

406,054

362,611

8,128

166,718

(131,403)

406,054

78,568

(1,126

(1,126)

2,228,212

77,442

2,228,212

362,611

8,128

166,718

2,228,212

(53,962)

2,711,709

11,600

362,611

] 8,128

]

166,718

| 2,228,212

(42,362)

| 2,723,309

Balance at 1 April 2023

Impact of change in accounting policy

Profit/(loss) for the year Other comprehensive income

Total Comprehensive income for the year Acquisition under common control Balance at 31 March 2024

Loss for the period

Total comprehensive loss for the period Balance as at 30 June 2024

The notes on pages 6 to 8 form an integral part of these financial statements.

- 04 -

CEYLON HOTELS CORPORATION PLC

STATEMENT OF CASH FLOWS

(All amounts in Sri Lanka Rupees thousands)

G up can

(Unati

dited)

2024

(Unaudlted)

2025

naudlted)

20Z4

Unaudlted)

(81,837)

(103,922

8,794

12,619

41,842

37,114

262

193

1,299

1,339

1,530

1,490

243

5,429

7,036

(49,916)

(52,050)

(11,649'

(9,638

58,460

49,170

121

6,215

(6,889

(6,038

(16,717)

(7Z,557

(2,735

(2,812

(7,288)

10,645

139,482

116,043

(187

(14,390)

(83,038

(23,863

(23,392

(109,801)

(48,172

702

(962

8,747

6,777

(24,923)

35,589

(1,895

(20,820

(24,890)

(34,713

(27,978

(47,986

(63,642) (1,182j

(46,886

(1,063

(121

(89,714j

(8Z,662

(28,099

(47,986

49,916

23,848

11,649

32,373

(14,661)

(19,986)

(27

24,093

35,254

36,235

11,649

56,439

(4,335)

(88,646)

(2,970)

(70,372

(92,981)

(73,342

(147,441j

(119,769

8,453

877,855

1,669,015

4,107

(236

(147,441)

(119,769)

(16,450

8,453

730,414

)

1,549,Z46

(12,343

8,217

1,162,045

(431,631)

1,759,267 (21O,021)

(12,409

8,217

730,414

)

1,549,Z46

(12,343

8,217

For the three months ending June 30 Profit/(loss) before income tax from operations

Adjustments for:

Depreciation on property, plant and equipment Amortization of intangible assets

Amortization of Right-Of-Use assets Provision for employment benefit obligation Share of results of equity accounted investee Finance income

Finance costs

Loss/(gain) on foreign currency transactions Fair value gain/(Iossj on FVTPL

Operating profit/(loss) before working capital changes

(Increase)/decrease in Inventories (Increase)/decrease in trade and other receivables

(Increase)/decrease in amounts due from related companies Increase /(decrease) in trade and other payables Increase/(decrease) in contract liabilities Increase/(decrease) in amounts due to related companies

Cash generated from/(used in) operating activities

Income taxes paid Interest paid

Employee benefit obligation paid

Net cash generated from/(used in) operating activities

Cash flows from investing activities Interest income received Investment in FVTPL investments

Acquisition of propeny, plant & equipment

Net changes in related party borrowings

Net cash generated from/(used in) investing activities

Cash flows from financing activities Proceeds from borrowings Principle element of lease payment Repayment of borrowings

Net Cash generated from/(used in) financing activities

Net Increase/(decrease) in cash & cash equivalents Movement in cash and cash equivalents

At the beginning of the period

Net Increase/(decrease) in cash & cash equivalents At the end of the period

Cash and cash equivalents at the end of the financial period consist of the following.

Cash in hand and banks Bank overdrafts

The notes on pages 6 to 8 form an integral part of these financial statements.

- 05 -

CEYLON HOTELS CORPORATION PLC

Notes to the condensed consolidated interim financial statements

(all amounts in the notes are in Sri Lanka Rupees thousands unless otherwise stated.)

General Information
Ceylon Hotels Corporation PLC ("the Company") is a public limited liability company incorporated and domiciled in Sri Lanka and is listed on the Colombo Stock Exchange. The registered office of the Company is located at 327, Union Place, Colombo 02.
The Company and its subsidiaries (together "the Group") refer to United Hotels Company Limited, Tissa Resort (Pvt) Limited, CHC Foods (Pvt) Limited, The Kandy Hotels Company (1938) PLC, Suisse Hotels (Pvt) Limited, Air Line Services (Pvtj Limited, Ceylon Hotels Maldives (Pvt) Limited and the Group's interest in equity-accounted investees. Ceylon Holidays Holding (Pvt) Limited, CHC Rest House (Pvt) Limited and Suisse Hotel Kandy (Pvt) Limited are joint ventures for the Group.
Basis of preparation
The condensed interim condensed financial statements for the quaner ended June 30, 2025, of the Company and the Group have been prepared in accordance with Sri Lanka Accounting Standard LKAS 34, 'Interim Financial Reporting'. These interim statements should be read in conjunction with the audited financial statements for the year ended March 31, 2024.
Segment information
A segment is a distinguishable component of an enterprise that is engaged in either providing products or services (business segment) or in providing products or services within a particular economic environment (geographical segment), which is subject to risks and rewards that are different from those of the segment. However, there are no distinguishable components to be identified as segments for the company.
Accounting policies and estimates
The accounting policies are in line with the policies published in the audited financial statements for the year ended March 31, 2024.
Tfiie preparation of condensed consolidated interim financial statements requires management to make judgments, estimates and assumptions that affect the application of accounting policies and the reposed amounts of assets and liabilities, income and expenses. Actual results may differ from these estimates.
In preparing the condensed consolidated interim financial statements, the significant judgments made by the management in applying the group's accounting policies and the sources of uncertainty in estimates are consistent with the audited financial statements for the year ended March 31, 2024.
Stated Capital
The number of shares representing the stated capital is 180,030,942 ordinary shares and 1,200,000 non-cumulative preference shares as of June 30, 2025.
Contingent liabilities
There has not been a significant change in the nature of the contingent liabilities, which were disclosed in the audited financial statements for the year ended March 31, 2024.
Effect of changes in composition of the Group

There has not been a change in the composition of the Group which require disclosure in the financial statements for the 03 months ended June 30, 2025.

- 06 -

CHC Rest Houses	(Pvt) Ltd (CHCRH)
Expenses paid by	CHC on behalf of CHC RH	155
Sett	d by CHC on be	112
		475
		536

ven to CHH

8,595

7,975

Net settlement of temporary advance given from CHC/(received from CHH)

(4,970)

340

Non recurrent Related Party Transactions

There are no non-recurrent related party transactions for the period ended 30th June 2025.

CEYLON HOTELS CORPORATION PLC

Notes to the condensed consolidated interim financial statements

(all amounts in the notes are in Sri Lanka Rupees thousands unless otherwise stated.) Related Party Transactions

i} Transactions with Subsidiary Companies

The Kandy Hotels Company (193B) PLC (KHCL)

Expenses paid by company on behalf of KHC (net of settlement)

ary advances g ven from CHC/

15,500

(69,512)

Expenses paid by CHC on behalf of UHCL

17,857

163

Sett d by UHCL on

Sett

d by CHC on beha f of CHC Foods

(3,000)

Ceylon Holiday Holdings (Pvt) Ltd

iii) Transactions with Parent company

Ceylon Hotels Holdings (Pvt) Ltd (CHH)

B) Temporary advances given in the ordinary course of business and no interest charge on the outstanding balances. Payable on

Ce oration PLC

Ce on Hote Ho Pvt Ltd

AWPLR * 1.5%

Ce Ion Holida Holdin

CHC Rest Houses Pvt

AWPLR

Events afier the reporting period

statements

CEYLON HOTELS CORPORATION PLC

Share Information

1.	Public shareholdings Information pertaining to public shareholding is as follows:
		30 June 2025	30 June 2024
	Public holding percentage	22.72%	22.72%
	Public shareholding	40,897,019	40,897,019
	Number of public shareholders	7,615	7,845
	Float adjusted market capitalisation (Rs.)	1,047,ll7,S69	781,247,873

As the float-adjusted market capitalization is less than Rs. 2.5 billion, Ceylon Hotels Corporation PLC complies under option 5 of the listing rules 7.14.1 (a) with the minimum public holding.

2. Directors' shareholdings

The details of shares held directly by the Directors and their close family members as at June 30, 2025 are as follows.

Name of Director

Number of

Mr. Priyantha Pushpakumara Maddumage

None of the Directors and their close family members other than those disclosed above directly held any shares in the Company.

Twenty largest ordinary shareholders of the Company

Names of shareholders

Position

No of Shares

National Development Bank PLC/ Ceylon Hotels Holdings (Pvt) Ltd

60,245,919

33.46

Ceylon Hotel Holdings (Pvtj Ltd

37,994,096

21.10

Employees Provident Fund

21,292,757

11.83

Rosewood (Pvt) Limited- Account No. 1

18,343,901

10.19

Seylan Bank PLC/ARRC Capital (Pvt) Ltd (Collateral)

10,791,87B

5.99

Seylan Bank Ltd/The Galle Face Hotel Co .Ltd

10,365,500

5.76

Bank of Ceylon - No 2 A/C (BOC PTF)

4,037,07O

2.24

J.B. Cocoshell (Pvt) Limited

1,341,098

0.74

Hotel International (Pvt) Ltd

1,048,230

0.58

Senkadagala Finance PLC/ Mr. S. Gobinath

750,000

0.42

Sithlanka ( Private ) Limited

482,706

0.27

Dr. G.S.Perera

307,012

0.17

Seylan Bank PLC/Arrc Capital (Pvt) Ltd

267,178

0.15

Mrs. S. Vasudevan

222,104

0.12

Mr. K. N. Karunarathne

217,500

0.12

Hatton National Bank PLC/Anuja Chamila Jayasinghe

205,00O

0.11

DFCC BANK PLC/ A.S. Hathiramani

188,049

0.10

Dr.A.A.M. Dharmadasa

272,595

0.10

People's Leasing & Finance PLC/MR.D.M.P.Disanayake

168,764

0.09

People's Leasing & Finance PLC/MR. F.B.R.D. Silva

161,500

0.09

Cocoshell Activated Carbon Company (Private) Limited

160,000

0.09

Invenco Capital (Pvt) Ltd

149,289

0.08

Mr. S. Abishek

148,572

0.08

Miss. C.P. Gomez

125,00O

0.07

Mr. C.N. Pakianathan

119,350

0.07

Sub total

169,305,06B

94.04

Balance held by others

10,725,874

5.96

Total number of shares

180,030,942

100.00

Market Price per share

For Three months ended 30 June

2025

2024

(Rs.)

Highest Market Price

26.50

22.30

Lowest Market Price

20.80

18.70

Last Traded Price

25.60

19.10

- 08 -