Ceylon Tea Brokers PlcCSELK: CTBL.N0000

Interim Financial Statements for the Quarter ended 31st March 2026

May 27, 2026 at 2:28 AM UTC · Issued by Ceylon Tea Brokers Plc

CEYLON TEA BROKERS PLC PB 1280 PQ INTERIM FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31ST MARCH 2026

CEYLON TEA BROKERS PLC

Statement of Profit or Loss and Other Comprehensive Income for the Period Ended 31st March

			GROUP						COMPANY
For the Quarter Ended			Variance		For the year ended	Variance	For the Quarter Ended		Variance		For the year ended	Variance
	31.03.2026	31.03.2025	%	31.03.2026	31.03.2025	%	31.03.2026	31.03.2025	%	31.03.2026	31.03.2025	%
	Rs.	Rs.		Rs.	Rs.		Rs.	Rs.		Rs.	Rs.
Revenue	414,896,365	381,267,305	9%	1,556,374,362	1,372,882,337	13%	294,739,366	257,396,665	15%	1,136,461,147	1,002,605,320	13%
Operating Expenses	(133,139,363)	(142,498,875)	-7%	(471,613,387)	(495,906,275)	-5%	(43,052,639)	(44,780,103)	-4%	(161,955,218)	(197,078,516)	-18%
Gross Profit	281,757,003	238,768,430	18%	1,084,760,975	876,976,062	24%	251,686,728	212,616,562	18%	974,505,929	805,526,805	21%
Marketing Expenses	(16,049,169)	(1,342,166)	1096%	(55,026,920)	(29,803,238)	85%	(15,532,711)	(4,100,170)	279%	(50,210,729)	(34,718,218)	45%
Administration Expenses	(145,870,739)	(170,098,593)	-14%	(591,873,161)	(544,359,778)	9%	(136,962,978)	(143,326,631)	-4%	(541,377,456)	(470,954,190)	15%
Finance Expenses	(64,797,707)	(43,713,039)	48%	(211,248,618)	(193,285,044)	9%	(48,592,224)	(26,260,534)	85%	(148,169,740)	(108,343,744)	37%
Profit Before Taxation	55,039,388	23,614,632	133%	226,612,276	109,528,002	107%	50,598,815	38,929,227	30%	234,748,004	191,510,653	23%
Taxation	(17,360,998) (75,419,572)		-77%	(80,298,187) (127,818,878)		-37% (17,360,998) (17,914,779)			-3% (80,298,187) (70,314,087)			14%
Profit After Taxation	37,678,390	(51,804,940)	173%	146,314,089	(18,290,876)	900%	33,237,817	21,014,448	58%	154,449,817	121,196,566	27%
Other Comprehensive Income/(Loss)	-	-		-	(5,634,236)		-	-		-	(10,674,921)
Profit for the Period	37,678,390 (51,804,940)		173%	146,314,089 (23,925,112)		712% 33,237,817 21,014,448			58% 154,449,817 110,521,645			40%
Basic Earnings Per Share	0.21	(0.28)	0.80		(0.10)	0.18		0.12	0.85		0.66

figures in brackets indicate deductions.

As at ASSETS Non-Current Assets Property, Plant & Equipment Right of Use Assets Intangible Assets

Deferred Tax

Loans & Advances to Tea Suppliers Refundable Deposit on Lease Premises

Investment in Logicare (Pvt) Ltd

Current Assets

Inventories

Trade and Other Receivables Refundable Deposit on Lease Premises Amount Due From Related Party Short Term Investments

Loans & Advances to Tea Suppliers Cash and Cash Equivalents

Total Assets EQUITY AND LIABILITIES Capital and Reserves Stated Capital Reserves

Revaluation Reserve

Total Equity Non-Current Liabilities Deferred Tax Liability Interest Bearing Borrowings Lease Payable

Retirement Benefit Obligations

Current Liabilities

Trade and Other Payables Interest Bearing Borrowings Amount Due to Related Party Lease Payable

Tax Payable Bank Overdrafts

Total Liabilities Total Equity and Liabilities

Net Asset Value Per Share

CEYLON TEA BROKERS PLC

Statement of Financial Position

GROUP
Unaudited		Audited
31.03.2026		31.03.2025
Rs.		Rs.
941,451,730		976,428,221
284,255,683		315,106,823
49,215,780		49,864,258
-		-
12,066,269		11,087,842
2,212,499		1,956,405
1,289,201,961	1,354,443,549
-	-
412,674	12,674
1,578,366,682	813,714,439
11,156,930	30,332,362
-	-
25,158,818	23,567,980
1,501,210,603	1,399,139,880
559,101,273	149,363,937
3,675,406,980	2,416,131,272

4,964,608,941	3,770,574,821
333,200,000	333,200,000
43,053,262	6,179,173
210,726,204	210,726,204
586,979,466	550,105,377
133,873,314	133,873,314
514,966,667	663,966,667
142,468,433	150,271,392
85,508,037	78,487,037
876,816,451	1,026,598,410
1,673,534,134	663,774,009
1,656,848,304	1,369,101,046
-	-
7,802,959	14,431,437
59,854,207	37,721,269
102,773,421	108,843,273
3,500,813,025	2,193,871,034
4,377,629,475	3,220,469,444

4,964,608,941	3,770,574,821
3.22	3.02

COMPANY
Unaudited Audited
31.03.2026 31.03.2025
Rs. Rs.
86,696,851 72,004,760
138,462,662 155,417,274
1,520,009 973,312
28,351,379 28,351,379
12,066,269 11,087,842
2,212,499 1,956,405
269,309,669		269,790,972
611,604,470		611,604,470
-		-
1,468,810,276		699,893,447
11,156,930		16,036,952
30,315,499		23,299,167
25,158,818		23,567,980
1,501,210,603		1,399,139,880
558,758,827		148,383,398
3,595,410,953		2,310,320,824

4,476,325,092		3,191,716,266
333,200,000		333,200,000
608,084,454		563,074,637
-		-
941,284,454		896,274,637
-		-
85,000,000		145,000,000
142,468,433		150,271,392
81,111,801		73,761,801
308,580,233		369,033,193
1,607,752,068		590,232,815
1,550,000,000		1,289,606,502
-		-
7,802,959		4,560,030
59,854,207		37,721,269
1,051,171		4,287,820
3,226,460,405		1,926,408,436
3,535,040,638		2,295,441,630

4,476,325,092		3,191,716,266
5.16		4.91

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

………......................sgd…....………

S A A R Samarasinghe/Dirctor Finance

The Board of Directors are responsible for the preparation and presentation of these Financial Statements. Signed for and on behalf of the board by:

……...............…..sgd…...……………… Dinesh Fernando/CEO

..…….............…sgd..…...

Waruna De Silva/MD

26th May 2026 Colombo

CEYLON TEA BROKERS PLC Statement of Changes in Equity For the Year Ended 31st March

	Stated Capital	Revaluation Reserve	Retained Earnings	Total
GROUP	Rs.	Rs.	Rs.	Rs.
Balance as at 01.04.2024	333,200,000	210,726,204	110,360,285	654,286,489
Profit for the period ended 31.03.2025	-	-	(18,290,876)	(18,290,876)
Other Comprehensive Income	-	-	(5,634,236)	(5,634,236)
Dividend Paid	- - (80,256,000)			(80,256,000)
Balance as at 31.03.2025	333,200,000 210,726,204 6,179,173			550,105,377
Balance as at 01.04.2025	333,200,000	210,726,204	6,179,173	550,105,377
Profit for the period ended 31.03.2026	-	-	146,314,089	146,314,089
Dividend Paid	-	-	(109,440,000)	(109,440,000)
Balance as at 31.03.2026	333,200,000	210,726,204	43,053,262	586,979,466
COMPANY	Stated Capital Rs.	Retained Earnings Rs.		Total Rs.
Balance as at 01.04.2024	333,200,000	532,808,992		866,008,992
Profit for the period ended 31.03.2025	-	121,196,566		121,196,566
Other Comprehensive Income	-	(10,674,921)		(10,674,921)
Gain on Unpresented Cheques Payable	-	-		-
Dividend Paid	- (80,256,000)			(80,256,000)
Balance as at 31.03.2025	333,200,000 563,074,637			896,274,637
Balance as at 01.04.2025	333,200,000		563,074,637	896,274,637
Profit for the period ended 31.03.2026	-		154,449,817	154,449,817
Dividend Paid	-		(109,440,000)	(109,440,000)
Balance as at 31.03.2026	333,200,000		608,084,454	941,284,454
figures in brackets indicate deductions.

Cash Flow From Operating Activities

Profit Before Taxation

CEYLON TEA BROKERS PLC

Statement of Cash Flows For the Period Ended 31st March

GROUP	COMPANY
31.03.2026 31.03.2025	31.03.2026 31.03.2025
Rs. Rs.	Rs. Rs.
226,612,276 109,528,002	234,748,004 191,510,653
105,267,911 120,225,368	36,999,628 24,303,118
(43,653,664) (93,625,156)	(44,648,955) (90,650,742)
255,789,138 286,910,200	192,818,695 215,674,962
- 818,456	- 1,238,584
- -	- 1,254,540
- -	- 21,395,530
8,550,000 15,083,313	7,350,000 11,741,104
19,200,000 8,034,668	18,000,000 8,034,668
146,564 (539,596)	146,564 (539,596)
571,912,225 446,435,255	445,413,937	383,962,821
(765,852,243) 181,722,676	(768,916,829)	140,668,635
(400,000) 1,304,382	-	-
(121,049,150) (122,106,080)	(121,049,150)	(122,106,080)
1,009,760,125 (49,817,347)	1,017,519,253	(28,752,575)
- -	(7,016,332)	(38,514,416)
694,370,957 457,538,886	565,950,879	335,258,385
(58,165,249) (71,246,852)	(58,165,249)	(71,246,852)
(1,529,000) (7,737,400)	-	(1,525,000)
634,676,709 378,554,634	507,785,630	262,486,533
40,091,044 86,553,226	41,086,335	86,027,167
- 1,315,500	-	1,315,500
20,891,120 (15,483,243)	6,595,710	(6,904,237)
1,670,000,000 1,520,000,000	1,670,000,000	1,520,000,000
(1,670,000,000) (1,520,000,000)	(1,670,000,000)	(1,520,000,000)
- (2,190,819)	-	-
- -	-	-
(38,938,368) (65,789,143)	(35,430,369)	(64,855,413)
22,043,796 4,405,521	12,251,676	15,583,017
(235,994,175) (284,115,461)	(173,210,725)	(213,192,955)
- 200,000,000	-	200,000,000
- (200,000,000)	-	(200,000,000)
(109,440,000) (80,256,000)	(109,440,000)	(80,256,000)
(34,226,400) (34,479,598)	(24,168,000)	(7,487,522)
(17,358,252,742) (14,007,600,135)	(17,279,606,503)	(13,652,022,188)
17,497,000,000 14,320,000,000	17,480,000,000	14,000,000,000
(240,913,317) (86,451,194)	(106,425,228)	47,041,335
415,807,187 296,508,960	413,612,078	325,110,885
40,520,664 (255,988,297)	144,095,578	(181,015,307)
456,327,852 40,520,663	557,707,656	144,095,578

Adjustments for ; Depreciation/Amortisation Interest /Investment Income Interest Expense

Impairment of Trade Receivable Impairment of Related Party Receivable Impairment of Investment in Subsidiary Provision for Retirement Benefit Obligation

Impairment of Loans and Advances given to Tea suppliers Disposal (Profit)/Loss on Property,Plant and Equipment

Operating Profit Before Working Capital Changes

Increase/Decrease in Working Capital

(Increase)/ Decrease in Trade and Other Receivables (Increase)/ Decrease in Inventories (Increase)/Decrease in Loans to Tea Suppliers

Increase/(Decrease) in Trade and Other Payables Increase/(Decrease) in Related Party Payable

Cash Generated/(Used in) from Operating Activities

Tax Paid Gratuity Paid

Net Cash Generated from/(Used in) Operating Activities

Cash Flow From Investing Activities Interest /Investment Income Received Proceeds from sale of Assets Refundable Deposit

Redemption of Investment in Unit Trust Investment in Unit Trust

Acquisition of Intangible Assets Acquisition of Right to Use Assets Purchase of Property, Plant & Equipment

Net cash flow from ( Used in) Investing Activities

Cash Flow From Financing Activities

Interest Paid

Proceeds from Commercial Papers Issued

Repayment of Commercial Papers Issued Dividend Paid

Settlement of Lease Liabilities

Movement in Interest Bearing Borrowings Loan repayment made during the Period Loan obtained during the Period

Net cash flow from 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 figures in brackets indicate deductions.

Notes to the Financial Statements:

Figures for the period ended as at 31st March 2026 are unaudited.
The Company is required to prepare Interim Financial Statements in accordance with LKAS 34 - Interim Financial Reporting issued by the Institute of Chartered Accountants of Sri Lanka.
Significant Accounting Policies
-The same accounting policies and methods of computation are followed in the interim financial statements as compared with audited annual financial statements as at 31st March 2025.
-Staff loans granted have been recognised at fair value at the time of granting and resultant adjustments were accounted as prepaid staff cost and amortised over the tenure of the loan on a straight line basis. Interest income was recognised using effective interest rate method.
-Loans granted to customers were recognised at fair value plus directly attributable transaction costs and fee income, initially. Subsequent measurement of loans were recognised at amortised cost using effective interest rate.
-Storage & Storage Related Income were recognised on accrual basis for the period of service provided by the Group instead of the date of auction.
The nature of related party transactions in the current period is similar to those reported in the Audited Financial Statements - 2024/2025.
There were no contingent liabilities identified in the foreseeable future which require disclosure in the financial statements.
To facilitate comparison and where relevant, balances pertaining to the previous period have been reclassified.
Ceylon Tea Brokers Group consists of Logicare (Pvt) Ltd which is a fully owned subsidiary of Ceylon Tea Brokers PLC.

Tea handling operations were transferred back to Ceylon Tea Brokers PLC from Logicare (Pvt) Ltd w.e.f 01st February 2025. The relevant income and expenses were recognized accordingly.

Logicare (Pvt) Ltd has commenced it's commercial operations during the Quarter ended 30th June 2019.

Logicare (Pvt) Ltd has entered into a 39 year lease agreement commencing 29/07/2016 with the Sri Lanka Land Reclamation and Development Corporation to lease a land in Muthurajawela.

8 The Company announced that the Share Sale and Purchase Agreement entered into with D P Logistics (Private) Limited on 30 October 2025 will not proceed, as the parties have mutually agreed to terminate the proposed transaction due to the non-fulfilment of the Conditions Precedent set out in the Share Sale and Purchase Agreement.Necessary Announcement was done on 10th April 2026.

Notes to the Financial Statements:

SEGMENTAL INFORMATION

As at 31st March 2026

The group has the following two strategic business segments , which are its reportable segments. These two segments offer different services to the customers and separate financial information are available.These two segments are managed separately because they require different technology and marketing strategy.

Information related to each reportable segment is set out below. Segment profit /(loss) before tax is used to measure performance. The management believes that this information is the most relevant in evaluating the results of the respective segments relative to other entities that operate in the same industries.

Segments

Tea Broking Warehousing Total

2025/26 2025/26 2025/26

Segment Revenue

External Sales 1,136,461,147 419,913,215 1,556,374,362

Total Segment Revenue 1,136,461,147 419,913,215 1,556,374,362

Segment Profit/ (Loss) Before Tax	234,748,004	(8,135,728)	226,612,276
Depreciation and Amortization	36,999,628	68,268,283	105,267,911
Interest Expense	192,818,695	62,970,443	255,789,138
Segmental Assets	3,864,720,622	1,056,354,964	4,921,075,586
Unallocated Assets			43,533,355
Total Segmental Asset			4,964,608,938
Segmental Liabilities	3,535,040,638	842,588,837	4,377,629,475

Market prices recorded during the period ended 31st March 2026

2025/26 -4th Quarter			2024/2025-4th Quarter
Highest Rs. 15.90	Date:	26.02.2026	Rs. 8.00 Date:	03.02.2025
Lowest Rs. 8.80	Date:	02.01.2026	Rs. 5.00 Date:	07.01.2025
Last Traded Rs.11.20	Date:	31.03.2026	Rs.6.40 Date:	28.03.2025
Closing Rs. 11.20	Date:	28.03.2025	Rs. 6.40 Date:	28.03.2025

The float adjusted market capitalization as at 31st March 2026 - Rs. 344,062,801.60
Precentage of public holding as at 31st March 2026 was16.8420% comprising 3522 shareholders.
The float adjusted market capitalization of the company falls under option 2 of Rule 7.13.1 (b) of the Listing rules of the Colombo Stock Exchange and the company has complied with the minimum public holding requirement applicable under the said option.

Directors' holding in shares as at 31st March 2026

Director's Name	Shareholding (No. of Shares)	%
Mr. R J N De Mel (Chairman)	90,000	0.049%
Mr. D.G.W De Silva (Managing Director)	-	-
Mr. K A D Fernando (Director/Chief Executive Officer)	-	-
Mr. W A T Fernando/Seylan Bank PLC	48,837,837	26.775%
Mr. C P R Perera and Mrs.D.Perera	2,000,000	1.096%
Ms. N T M S Cooray	10,908,751	5.981%
Mrs.M.De Zoysa	-	0.000%
Mr. K B G B R Kulapala	-	0.000%
Mrs. Amrah Akbar	-	0.000%
Ms. H M S Perera	1,190,492	0.653%
Mr. Z Mohamed	-	-
Mr. H T D Nonis	10,000	0.005%

Notes to the Financial Statements (Continued):

30 major shareholders as at 31st March 2026

Shareholder's Name As At 31st March 2026 No. of Shares %

1 ASHTHI HOLDINGS (PRIVATE) LIMITED	54,562,456	29.91%
2 SEYLAN BANK PLC/W.A.T.FERNANDO	48,837,837	26.78%
3 JETWING TRAVELS (PVT) LTD	34,080,571	18.68%
4 MISS N.T.M.S. COORAY	10,908,751	5.98%
5 MR. A.D. EDUSSURIYA	2,788,500	1.53%
6 MR. S. YUSOOF	2,000,000	1.10%
7 MR. C.P.R. PERERA & MRS. D.PERERA	2,000,000	1.10%
8 HATTON NATIONAL BANK PLC/KANDAIAH KANAPATHIPILLAI SHUJEEVAN	1,560,166	0.86%
9 MRS. H.M.S. PERERA	1,190,392	0.65%
10 PEOPLE S LEASING AND FINANCE PLC/L.P.HAPANGAMA	1,153,481	0.63%
11 MERCHANT BANK OF SRI LANKA & FINANCE PLC/W.T.U.PERERA	991,481	0.54%
12 PEOPLE'S LEASING & FINANCE PLC/L.H.L.M.P.HARADASA	650,887	0.36%
13 PEOPLE'S LEASING & FINANCE PLC/DR.H.S.D.SOYSA & MRS.G.SOYSA	498,559	0.27%
14 DR. S. PAMATHY	402,500	0.22%
15 MR. L.H.L.T.D. HARADASA	399,209	0.22%
16 PEOPLE'S LEASING & FINANCE PLC/L.H.L.NORIS DE SILVA & SON (PVT)LTD	343,700	0.19%
17 MR. W.A.S CHATHUMADHURA	328,838	0.18%
18 MR. M.H.A. KAMIL	302,062	0.17%
19 DIALOG FINANCE PLC/A.S.M.SHIYAM	300,000	0.16%
20 MR. A.M.A.B. ATAPATTU	262,500	0.14%
21 MR. J.A. JAMEEL	239,954	0.13%
22 MISS S.V.T. FERNANDO	225,000	0.12%
23 MRS. M.P.R. SILVA	220,000	0.12%
24 MR. B. SAIMATHAVAN	205,823	0.11%
25 MR. M. DAYANANDA & MRS. C.O.S.DAYANANDA	200,000	0.11%
26 PMF FINANCE PLC/A.R.S.C. SUGATHASIRI	186,000	0.10%
27 MR. B. SAINIRANJAN	180,000	0.10%
28 MISS. C.S. WANIGASEKARA	177,600	0.10%
29 MR. K.D.L. WEERASEKARA	170,000	0.09%
30 SENKADAGALA FINANCE PLC/L.A.J.F.MORAIS	165,000	0.09%
	165,531,267	90.75%
Others	16,868,733	9.25%

182,400,000 100.00%

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