CONVENIENCE FOODS
(LAN
INTERIM REPORT
FOR THE 2ND QUARTER ENDED, 30TH SEPTEMBER 2025
Inte rim Repart | Convenienc e Foods (Lanka) PLC
?†RFU°DATE iNFO&vA TU N
NAME OF THE COMPANY
Convenience 'oods ILanka) PLC
COMPANY NUMBER PQ 16^
LEGAL FORM
A Public L n red Comoar y tastea otJ *he Colombo Stock Exchange.
INCORPORATION
27th AAarch n Sr Lanka
REGISTERED OFFICE
FJo. 555 Hioh Levy.I Road , Yakumbura, Pawnip!tiya, Sri Lanka.
BUSINESS ACTIVITY
Manufac tur ng and Markets ng of Texts rea Goya moteln I"SP) and Other rood Produc rs.
DIRECTORS OF THE COMPANY
Mr. R.S.A. Weekramasingha - Char rnaan Mr. M.C. Dahanayake - Managing Del ector Ms. 0.S. Wickramasingha - Direx toi
lbs. I4.K. Wtckramas nghn Director Mr. L.J.M. De Silva D rector
lbs. S. Ratwatte Drec tor
llr. I.S. Fonseka Direc to
ter. K.E. Wick Oirector
AUDITORS
Ernst b * ound Lanka, Chdrter ed Accor ntants ,
Rotunda Tower5. No 09, Galle Road ,
03. Sri Lanka.
SECRETARIES
P W Corporate Secrerar al lPvt) Ltd No.3 '17. Kynsey Road ,
Colombo 08.
REGISTRARS
S S P Cor porate Services i Pvt› Ltd , No. Inner Flower Road ,
^cfombo 03
BANKERS
Sampath Bank PLC
Nat ons TrLjst Bank ^LC eerie'* °
C BanK of Ceylon PLC Patron National Bank PLC
State Bank of India DFCC Bank PLC
bans of Peyton
Nathonat Development Bank PLC SI nndard Chartered Bank
AUDIT (6 RISK) COMMITTEE
Ms. S. T. Ratwatte Char rperson
Mr. I.S. Fonseka
Mr. K.E. Vickremesin,•ne
REMUNERATON CONWDTTEE
Mr. M.E. W;kemes+pe - Charperson
tv S.T. Ratwatte
Ms N.K, W cki ams ngna
RELATE? PARTY TRANSACTIONS REVIEW COWITTEE
Mr . I.S. Fonseka Chr rperson Ms. S.T Ratwatte
Mr. M.E. Wickremesinghe
NOMINA"£IONS AT D GOVERNANCE CO/ MITTEE
Air. M.E. Wickremesingh e - Chairperson lbs. S. T. Ratwatte
Ms. N.K. Wickr amas ngha
INVESTOR RELATIONS OFFICER
Mr. Randika Gamhewa•e Manager - Financ nI Reporting FmaiI: randikag. cf cbltk. com 9^ 11 ñfi 3000 Ext. ?062
Page 2
Interim Report | Convenience Foods (Lanka) PLC
CONYENIENCE FOODS (LANkA) PLC STATEMENT OF COXtPREHENSIVE INCOME | |||||||
For the 03 Xtonths Ended 30th September | 2025 | 2024 | Variance | ||||
Rs. | Rs. | ||||||
Revenue | 1,728,766,646 | 1,766,571,1 22 | -2.1 | ||||
Cost of Sales | (1,091,882,684) | (1,109,160,480) | -1.6 | ||||
Gross Profit | bob,883,962 | 657,410,642 | -3.1 | ||||
Administrative Expenses | (119,236,088) | (91,166,322) | 30.8 | ||||
Selling and Oistribution Expenses | (258,281,714) | (242,193,560) | 6.6 | ||||
Other Operating Income | 4,683,182 | 25,841,906 | -81.9 | ||||
Other Operating Expenses | (37,642669) | (37,966,238) | -0.9 | ||||
Results from Operating Activities | 226,406,673 | 31 1,926,428 | -27.4 | ||||
Finance Income | 47,914,630 | 33,562,985 | 42.8 | ||||
Finance Cost | (4,389,422) | (2,106,663) | 108.4 | ||||
Net Finance Income/ (Cost) | 43,525,208 | 31,456,322 | 38.4 | ||||
Profit Before Tax | 269,931,881 | 343,382,750 | .21.4 | ||||
lncomeTax Expense | (98,775,016) | (106,612,552) | -7.4 | ||||
Profit for the Period | 171,156,865 | ||||||
Other Comprehensive Income | |||||||
Other Comprehensive Income for the Period | |||||||
Total Comprehensive Income for the Period | 171,156,865 | 236,770,198 | -27.7 | ||||
Basic and Diluted Earnings Per Share | 62.2g | 86.10 | |||||
Figures in brackets indicate deductions. The above figures are not audited. | |||||||
Page 3 | |||||||
Interim Report | Convenience Foods (Lanka) PLC
CONVENIENCE FOODS (LANKA) PLC STATEMENT OF COMPREHEHSIVE INCOME | ||||||
For the 06 Months Ended 30th September | 2025 | 2024 | Variance | |||
Rs. | ||||||
Revenue | 3,235,385,950 | 3,266,218,200 | -0.9 | |||
Cost of Sales | (2,049,393,41 5) | (2,096,633,167) | -2.3 | |||
Gross Profit | 1,185,992,535 | 1,169,58 5,033 | J.4 | |||
Administrative Expenses | (213,006,618) | (167,484,660) | 27.2 | |||
Selling and Oistribution Expenses | (478,459,669) | (458,475,096) | 4.4 | |||
Other Operating Income | 8,142,371 | 27,944,083 | -70.9 | |||
Other Operating Expenses | (70,960,871) | (70,591,041) | 0.5 | |||
Results from Operating Activities | 431,707,748 | 500,978,3 J9 | -13.8 | |||
Finance Income | 94,885,595 | 60,545,498 | 56.7 | |||
Finance Cost | (8,972,204) | (4,367, 589) | 105.4 | |||
Net Finance Income/ (Cost) | 85,91 3,391 | 56,177,909 | 52.9 | |||
Profit Before Tax | 517,621,1 39 | 557, J56,228 | -7.1 | |||
Income Tax Expense | (171,480,449) | (175,417,678) | -2.2 | |||
Profit for the Period | 346,140,690 | 381,738,550 | -9.3 | |||
Other Comprehensive Income | ||||||
Other Comprehensive Income for the Period | ||||||
Total Comprehensive Income for the Period | 346,140,690 | 381,738,550 | -9.3 | |||
Basic and Diluted Earnings Per Share | 125.87 | 138.81 | ||||
Figures in brackets indicate deductions. The above figures are not audited. | ||||||
Page 4
interim Report | Convenience Foods (Lanka} PLC | |||
CONVENIENCE FOODS (LANKA) PLC | |||
STATEMENT OF FINANCIAL POSITION | |||
As at 30.09.2025 | |||
Rs. | Rs. | ||
Assets | |||
Non Current Assets | |||
Property, Plant and Equipment 533,365,237 | 504,125,018 | ||
Right of Use Assets 210,505,680 | 228,043,909 | ||
Intangible Assets 7, 49,7¥2 | e,650,792 | ||
Deferred Tax Asset | 1,954,765 | ||
Total hon Current Assets | 600,774,484 | ||
Current Assets Inventories 710;204,832 | 634,034,074 | ||
Trade and Other Receivables 979,332,212 | 1,008,611,884 | ||
Amounts due from Related Companies 61,44'5,074 | 34,960,048 | ||
Short lerm Fixed Deposits 2,177,043,025 | 2,027,882,981 | ||
Cash and Cash Equivalents 161,023,058 | 203,984,146 | ||
Total Current Assets 4,089,048, 201 | 3,s09,473, 433 | ||
4,710,247, 617 | |||
Equicy and L1abiI1ties Equity Stated Capital 52,521,178 | 52,521,178 | ||
Other Reserves 41,613,945 | 41,613,945 | ||
Retained Earnings 3,493,372,193 | 3,165, 656,503 | ||
Total Equ1ty . 3,587,$07,316 | 3,259,791,626 | ||
L1abIIItTes " | |||
Deferred Tax Liability 14,238,568 | |||
Lease Liabilities 214,099,767 | 227,273,975 | ||
Retirement Benefit Obligation 40g 88h634 | |||
Total Non Current Liabilities .336, 19,g69 | 334,252,226 | ||
Current Liabilities Trade and Other Payables 721,049, $77 | 916,Z11,592 | ||
Lease Liabilities 25,458;108 | 24,764,361 | ||
Current Tax Liabilities 86,647,592 | 100,889,028 | ||
Amounts due to Related Companies 81,686, 298 | 74,338,784 | ||
Total Current Liabilities 914,841, fi75' | 1,116,203,7+5 | ||
Total Liabilities "1,253;061,544 | |||
Total Equity and Liabilities ' . " "" . . ' 4;84O, 56g,860 | 4,710,247, 617 | ||
Net assets value per share | 1,185.16 |
Non Current LTabilftfes
It is certified th e Financial Statements have been prepared In compliance with the requirements of the Companies Act No. 7 of 2007.
S. . .Senaahne
Ge aTRanager-Finance
The Board of Directors is responsible for these financial statements. Approved and sJgned for and on behalf of the Board•
Managing Director 30th October 2025
The above (igures are not audited.
Director
Page 5
Interim Report | Convemence Foods (Lanka) PLC
CONVENIEHCE FOODS (LANKA) PLC STATEMENT OF CHANGES IN EQUITY FOR THE PERIOD ENDED 30TH SEPTEMBER 2025 | |||
Stated | Other | Retained | Total |
CapitaI | Reserves | Earnings | Equity |
Rs. | Rs. | Rs. | Rs. |
Balance as at 1st April 2024 52,521, 178 | 41 ,613,945 | 2,554,438,559 | 2,6^8,573,682 |
Profit for the period | 381,738,550 | 381, 738, S50 | |
Dividend paid for the year 2023/24 | (12,925, 000) | (12,925,000› | |
Balance as at 30th September 2024 52,521, 178 | 41,613,945 | 2,923, 252,109 | 3,017,387, 232 |
Balance as at 1st April 2025 52,521 ,178 | 41 ,613,945 | 3,165,656,503 | 3,259,791 626 |
Profit for the period | 346,140, 690 | 346, 140, 690 | |
Dividend paid for the year 2024/ 25 | 18,425, 000) | (18,425,000) | |
Balance as at 30th September 2025 52,521, 178 | 41,613,945 | 3,493,372,193 | 3,587,507,3 16 |
The above figures are not audited.
Page 6
1nterim Report J Convenience Foods {Lanka PLC
CONVENIENCE FOODS (LANKA) PLC STATEMENT OF CASH FLOWS
FOR THE PERIOD ENOED 30TH SEPTEMBER 2025
For the 06 mths Ended 30th September | 2025 | 2024 | ||
Cash Flows from Operating Activities | ||||
Profit Before Tax | 517,621,139 | 557,156,228 | ||
Adjustments for: | ||||
Depreciation of Property, Plant and Equipment | 41,552,694 | 48,021,73+ | ||
Amortization of Intangible Assets | 796,833 | |||
Depreciation of Right of Use Assets | 17,538,Z29 | 5,510,326 | ||
Finance Income | (60,545,498) | |||
Finance Costs | 8,972,204 | 4,367,589 | ||
Provision for Retirement Benefit Obligation | 9,28d,g68 | 10,279,883 | ||
Operating ProfJt before Working Capital Changes | $00,971,39¥ | 565,587,09y | ||
Changes in Working Capital | ||||
(Increase)/ Decrease in Inventories | (76,170,758) | 93,383,480 | ||
(Increase)/ Decrease in Trade and Other Receivables | 29,279,672 | (25,612,823) | ||
(Increase)/Decrease in Amounts due from Related Companies | (26,485,026) | (14,764,341) | ||
Increase/(Decrease) in Amounts due to Related Companies | 7,147,514 | (71,153,368) | ||
Increase/(Decrease) in Trade and Other Payables | (195$ 59,429) | 134,655,3+6 | ||
Cash (Used in) / Generated from Operations | 239,7g1,367 | 682,095,¥11 | ||
Gratuity Paid | {6,381,585) | (2,726,900) | ||
Interest Paid Income Tax Paid | (8,972,Zo4) (169,531,135) | (134,370.313I | ||
Net Cash Flows tUsed in) / from Operating Activities | 54,898,443 | 540,630,60d | ||
Cash Flows from Investing Activities | ||||
Purchase of Property, Plant and Equipment | (10,792,913) | (24,597,722) | ||
Purchase of Intangible Assets | {1,886,705) | |||
Interest Received | 94,885,595 | 60,545,498 | ||
investment in Fixed Deposits | (149,160,044) | (500,611,888) | ||
Net Cash Flows {Used In) / from Investing Activities | (66,954,O6/ | (464,66#,1 f 2*) | ||
Cash Flows from Financing Activities | ||||
Dividend Paid | (184M,0%) | (12,925,000) | ||
Repayment of Lease | (12,4B0,464) | (3,876,825) | ||
Net Cash Flows (Used in) / from Financing Activities | 30gO5464 | (16,801,825) | ||
Net Increase in Cash and Cash Equivalents | (42,961,08g) | 59,164,671 | ||
Cash and Cash Equivalents at the Beginning of the Period | 203,984,146 | 128,788,816 | ||
Cash and Cash Equivalents at the End of the Period | 1+1.023,058 | 1 g7,953,487 | ||
Cash in Hand and at Bank | 161,023,058 | 187,953,487 | ||
Cash and Cash Equivalents at the End of the Period | 161,023,056 | 187,g*i3,487 | ||
Figures In brackets indicate deductions. | ||||
The above figures are not audited. | ||||
Rage 7 |
Interim Report | Convenience Foods tLanka) PLC
CONVENIENCE FOODS (LANKA) PLC
NOYES TO THE INTERIM CONDENSED FINANCIAL STATEMENTS
1 The Interim Report
The Interim Condensed financial Statements haye been prepared in compliance with Sri Lanka Accounting Standard LKAS 34 -Interim Financial Reporting, using the same accounting policies and methods outlined in the Annuat Audited Financial Statements for the year ended 31st /March 2025. These Interim Condensed Financial Statements should be read In conjunction wJth the Annual Financial Statements for the year ended 31st March 2025. Accordingly, the Interim Report contains notes, comprising significant accounting policies and explanatory information.
These Statements also provide information required by the Colombo Stock Exchange. 2 Corporate Informaflon
Convenience Foods {Lanka) PLC 1s a PubliC Limited Company incorporated and domiciled in Eni Lanka and listed in the Colombo Stock EXchange.
The Company is engaged in the manufacturing and marketing of Textured Vegetable Protein (TCP) and other food products.
3 Approval of Ftnanctal Statements
The intedm condensed financial statements of the Company for the six months perJod ended 30th September Z0Zfi were authorised for Issue by the Board of Directors on 30th October 2025.
¥ Segmental information
Segmental information is not presented sJnce the Company does not have distinguishable components to de identifjed as a segment since all operations are treated as one segment.
CenaJn rerfassifications have been made to the comparative figures to improve the comparability and fair presencation of these financial statements. These reclasslflcations have noE resulted in changes to the profit for the quarter or total net assets prefiousty reported as at 30th September 2024.
fi Significant Unusual Items Affecting Assets, Liabilities, Equity, Net Income or Cash Flows
There were no unusual items affecting the assets, liabilities. equity, net income or cash flows due to their nature, size or incidence for the period ended 30th September 2025.
7 Events After tfie Reporting Period
There were no significant events after the reporting period that would require adjustments to or disclosures in these interim fTnanclal statements for the period ended 30th September 70Zfi.
8 Commitments and Contingencies Financial Commitments
Commitments on account of Letters of credJt as at J0tf+ September 2025 was Rs. 139,g20,567.78 (31st March 20Z5: Rs. 26fi,774,074).Shipping Guarantees as at 30th September 2025 was Rs. 3,739,755.00 (31st March 2025: Nil). Imports Bilts as at 30th September 2025 was Rs. 45,02fi,344.86 {31st Arch 2025: Rs. 20,733,000).
Capital Commitments
There were no significant capital commitments as at reporting date.
Contingencies - Pending Litigations
There has not been a sJgnificanr change in the nature of the contingent liabifirjes, which were disclosed in the Annual Repon for the year ended 31st March Z025. The presentation and classification of the Financial Statements of the previous year have been amended, where relevant, for better presentation and to de comparable wTch those of the current financtat year.
An appeal is pending in the Supreme Court against the judgment delivered by the Court of Appeat in favour of the Company, relating to the income tax assessment For the year of assessment 1991/1992.
Based on informat on currently available, the Management is of the view that tne ultimate resolution of this legal macrer is unlikely to have a material adverse impact on the Company's financial position, results of operations or liquidity. Accordingly, no proves on has been recognised In these Financial Statements.
g Additional Fundlny
No additional funds were raised by the Entity during Ehe quarter through an Initial PtJblJc Offering or the Issuance of further securities.
Page 8
Interim Report | Convenience Foods |Lanka} PLC
CO lVENlENCE FOODS tLANKA) PLC ADDITIONAL NOTES
1 Shere Prlces during to Quarter and Market Value of Shcres
06 Months Ended 40th 0+ mths Ended 30th September 2025 September 2024
HJyhest pnice recorded Lowest pnce recorded Last traded price
2 Names and the numbw of shares held by the 2fi major shareholders
1 CBL INYE5T¥ENT5 LIMITED
2 HATTON NATIONAL BANK PLC/DAWI INVE8TMEHT TRUST (9VT) LT0
3 J.B. C0C0$HELL (PVT) LT0
4 MR A.M.D.E.S. JAYARATNE
fi EST.OF LAT K.C. VIGNARAJAH
DFCC BANK PLC/MR.P.PRANAVAN
OR. S.R.S. DE SAgAM 6 AIRS. S.T.T. JAYASUNDERA
PEOPLE S LEASING AND FINANCE PLC/U.L.B.AR 'ARATNA
MR. U.I. SURIYA8ANDARA
OR. KH.S. PEIRIS
MR. G.¥. AMAgATUNGA (DECEASED)
COCOSHELL ACTf/ATED CARBON COMPANY {PyT) LTD
1t xssmi«r riskier uuiTED/I.s.GURUSINGH
1+ AIR. R.J.5. JAYAfaAHA
fi MR. Z.G. CAfiMJEE
16 Mg. L.T.R.S.L. JAYAWARDHANA
17 MR. A.J. RUMY
18 MR E.D.K. WEEgASURIYA B MR 5. WEERASURIYA
19 Mg$. M.M. UOESHI
As at 3Oth September 2025
Ne of Shares ¥ of Heldlng
230,553 8.3sg
178,66# +.32g
18,570 0.6¥g
1I,1}1 0.I
9,4$1 0.34¥
9,d 0.3dS
8,1S0 0.W
7,494 0.2N
6,W 0.23#
6,0g4 0.
s,os a.zzs
21 MR. V.¥. GUNABATNE
1z OR U.C. 8MDARANAYAKE 6 IRS L. BANDARANAY@E LAKMALI
zz PEOPLES LEASING 6 FINANCE PLC/OR. IRESH SRIDAS GURUSINGHE
4,023
3,888
a.1*s
0.14¥
14 MR. 5.K. HATHIRAMANI (DECEASED)
MRS. Z.¥. ADAMALLY
sub totai
Others
Issued Cagitat
3,850
3,433
2.750.o00
Mr. R.S.A. Wickramasingha - Chaiman Mr. M.C. Dahaneyeke - Managing Director
Ms. D.S. Nlckramasingha - Director
Ms. N.K. WickramasJngha - Director
Nlt Nil
Nil Nil
Mr. L.J.M. De SJlva - Director Nil Ms. S.T. Ratwatte - D1rectar " "
Mr. I. S. Fonseka - Director
Mr. M.E. WTcRremesingne • Director N1t