Exterminators PlcCSELK: EXT.N0000

Interim Report - Nine months ending 31.12.2024

Feb 17, 2025 at 3:10 AM UTC · MarketScreener

Statement of comprehensive income

EXTERMINATORS PLC

Statement of Comprehensive Income

For the Period ended 31 December 2024

Group

	2024	2023	2024	2023
	Three Months Ended		Nine Months Ended
	Oct-Dec	Oct-Dec		Apr-Dec	Apr-Dec
	Rs.	Rs.		Rs.	Rs.
Revenue from contracts	41,168,623	33,681,417	119,113,647	104,855,831
Cost of sales	(13,471,792)	(11,653,992)	(38,875,956)	(27,568,010)
Gross profit
27,696,831	22,027,425		80,237,691	77,287,821
Other income	-	-	-	-
Profit before operating expenses
27,696,831	22,027,425		80,237,691	77,287,821
Administrative expenses	(16,786,385)	(11,308,970)	(49,170,848)	(42,415,871)
Distribution expenses	(8,401,008)	(8,275,851)	(28,968,605)	(27,398,273)
Profit / (loss) after operating expenses
2,509,438	2,442,604		2,098,237	7,473,677
Finance income	487,054	1,121,451	1,708,224	4,905,377
Finance expenses	(992,438)	(162,803)	(2,079,103)	(454,303)
Profit /(loss) before tax	2,004,055	3,401,252	1,727,359	11,924,751
Tax expenses	-	(1,263,305)	-	(4,125,358)
Net profit / (loss) for the year
2,004,055	2,137,948	1,727,359	7,799,394
Other comprehensive income
Total comprehensive income for the year
2,004,055	2,137,948		1,727,359	7,799,394
Earnings per share based on profit / (loss)	0.04	0.04	0.03	0.15

All figures are provisional and subject to audit, unless otherwise stated

Statement of comprehensive income

EXTERMINATORS PLC

Statement of Comprehensive Income

For the Period ended 31 December 2024

			Company
	2024	2023			2024	2023
	Three Months Ended	Nine Months Ended
	Oct-Dec		Oct-Dec	Apr-Dec		Apr-Dec
	Rs.		Rs.	Rs.		Rs.
Revenue from contracts	25,481,469	33,681,417			89,371,815	104,855,831
Cost of sales	(9,807,178)	(11,653,992)			(28,511,207)	(27,568,010)
Gross profit
15,674,291		22,027,425			60,860,608		77,287,821
Other income	-	-			-	-
Profit before operating expenses
15,674,291		22,027,425			60,860,608		77,287,821
Administrative expenses	(10,278,617)	(11,308,970)			(37,213,325)	(42,415,871)
Distribution expenses	(4,641,386)	(8,275,851)			(22,129,482)	(27,398,273)
Other operating expenses	-	-			-	-
Profit / (loss) after operating expenses
754,288		2,442,604			1,517,801		7,473,677
Finance income	487,054	1,121,451			1,708,224	4,905,377
Finance expenses	(985,866)	(162,803)			(2,072,531)	(454,303)
Profit /(loss) before tax	255,476	3,401,252			1,153,495	11,924,751
Tax expenses	-	(1,263,305)			-	(4,125,358)
Net profit / (loss) for the year
255,476		2,137,948			1,153,495		7,799,394
Other comprehensive income	-	-			-	-
Total comprehensive income for the year
255,476		2,137,948			1,153,495		7,799,394
Earnings per share based on profit / (loss)	0.00	0.04			0.02	0.15

All figures are provisional and subject to audit, unless otherwise stated

Statement of financial position

EXTERMINATORS PLC

Statement of Financial Position

A s at 31 December 2024

Group

	31 Dec 2024	31 March 2024
	Rs.	Rs.

Company

31 Dec 2024	31 March 2024
Rs.	Rs.

Assets
Non - current assets
Property, plant & equipment	6,359,125	7,508,128	6,339,125	7,508,128
Right-of-use assets	22,295,294	17,425,426	22,295,294	17,425,426
Intangible assets	639,099	646,364	639,099	646,364
Investment in Subsidiaries	-	-	-	-
Total	29,293,518		25,579,919		29,273,518	25,579,919
Current assets
Financial asset at fair value through profit or loss	21,300	21,300	21,300	21,300
Inventories	24,873,701	24,963,182	24,873,701	24,963,182
Receivables, deposits & prepayments	74,119,871	56,842,604	65,248,434	56,842,604
Amounts due from related parties	32,011,080	31,079,162	30,291,080	31,079,162
Cash & cash equivalents	6,616,946	7,457,216	4,389,136	7,457,216
Total	137,642,898	120,363,464	124,823,651	120,363,464
Total Assets	166,936,415		145,943,382		154,097,169	145,943,382
Equity & Liabilities
Capital & reserves
Stated capital	100,000,000	100,000,000	100,000,000	100,000,000
Retained earnings	645,673	2,330,034	71,809	2,330,034
Revaluation reserve	23,783,840	23,783,840	23,783,840	23,783,840
Total equity	124,429,513		126,113,874		123,855,649	126,113,874
Non - current liabilities
Retirement benefit obligation	1,322,082	3,483,282	1,322,082	3,483,282
Lease creditors repayable after one year	13,548,914	1,569,953	13,548,914	1,569,953
Deferred tax liabilities	(407,500)	(407,501)	(407,500)	(407,501)
Total	14,463,496		4,645,735		14,463,496	4,645,735
Current liabilities
Lease creditors repayable within one year	2,585,868	6,799,790	2,585,868	6,799,790
Amounts due to related parties	11,164,715	-	-	-
Trade & other payables	14,567,275	8,022,723	13,466,608	8,022,723
Commissioner General of Inland Revenue	(274,452)	361,260	(274,452)	361,260
Total	28,043,406	15,183,773	15,778,024	15,183,773
Total Equity & Liabilities	166,936,415		145,943,382		154,097,169	145,943,382
Net assets per share				2.40	2.39

I certify that these Financial Statements are in compliance with the requirements of the Companies Act No. 7 of 2007.

Mr.Marlon Ferreira	Dr. Nihal Arttygalle
Managing Director
All figures are provisional and subject to audit, unless otherwise stated	Director

Statement of changes of equity

EXTERMINATORS PLC

Statement of Chang es in Equity

F or the P eriod ended 31 December 2024

Group	Stated capital	Revaluation	Retained	Total Equity
	Reserve	Earnings

Balance as at 01st April 2023	-	-	-	-
Net loss for the year	-	-	-	-
Other comprehensive income	-	-	-	-
Balance as at 30th December 2023	-	-	-	-
Balance as at 01st April 2024	-	-	-	-
Net profit for the year	-	-	573,864	573,864
Share Issue	-	-	-	-
Balance as at 31st December 2024
-	-	573,864	573,864

Company	Stated capital	Revaluation	Retained	Total Equity
	Reserve	Earnings

Balance as at 01st April 2023	100,000,000	23,783,840	33,624,557	157,408,397
Net loss for the year	-	-	5,661,446	5,661,446
Dividends paid	-	-	(21,140,984)	(21,140,984)
Other comprehensive income	-	-	-	-
Balance as at 31th December 2023
100,000,000	23,783,840	17,885,019	141,928,859
Balance as at 01st April 2024	100,000,000	23,783,840	2,330,035	126,113,875
Net profit for the year	-	-	1,153,495	1,153,495
				-
Share	-	-	(22,379,465)	(22,379,465)
				-
Dividends	-	-	(38,240,328)	(38,240,328)
				-
Prior Year Adjustment	-	-	57,208,071	57,208,071
Balance as at 31 December 2024
100,000,000	23,783,840	71,809	123,855,648

All figures are provisional and subject to audit, unless otherwise stated.

Statement of cash flows

EXTERMINATORS PLC

Statement of Cash Flow

For the Period ended 31 December 2024
	Group	Company
	31 Dec 2024	31 Dec 2023	31 Dec 2024	31 Dec 2023
	Rs.	Rs.	Rs.	Rs.
Cash Flows from operating activities
Net profit / (loss) before taxation	1,727,359	(7,731,416.24)	1,153,495	(7,731,416)
Adjustments for:
Gratuity	-	-	-	-
Share			(22,379,465)
Dividends			(38,240,328)
Prior Year Adjustment			57,208,071
Depreciation	3,967,779	3,203,646.02	3,967,779	3,203,646
Amortization	(44,823)	33,129.67	(44,823)	33,130
Loan interest	-	-	-	-
Lease interest	-	403,559.56		403,560
Fair value adjustments	-	(2,300)	-	(2,300)
Operating profit before working capital changes	2,238,594	(4,093,380.99)	1,664,730	(4,093,381)
Working capital changes
(Increase)/decrease in inventories	89,481	(8,521,358.53)	89,481	(8,521,359)
Increase / (decrease) in receivables, deposits & prepayments	(17,277,266)	9,569,141.42	(8,405,830)	9,569,141
(Increase) /decrease in amounts due from related parties	(931,918)	5,149,894.73	788,082	5,149,895
(Increase) /decrease in amounts due to related parties	11,164,715	-	-	-
Increase / (decrease) in trade & other payables	6,544,552	1,040,605.08	5,443,885	1,040,605
Cash generated from / (used in) operations	1,828,158	3,144,901.71	(419,652)	3,144,902
Income tax paid	(635,713)	(1,915,001.42)	(635,713)	(1,915,001)
Gratuity paid	(2,161,200)	(4,626,786.45)	(2,161,200)	(4,626,786)
Net cash flow from / (used in) operating activities	(968,755)	(3,396,886.16)	(3,216,565)	(3,396,886)
Cash flows from / (used in) investing activities

Acquisition of property, plant & equipment	(7,688,645)	(5,673,711.66)	(7,668,645)	(5,673,712)
Acquisition of intangible assets	52,088	-	52,088	-
Proceeds from disposal of property, plant & equipment	-	-	-	-
Net cash (used in)/generated from investing activities	(7,636,557)	(5,673,711.66)	(7,616,557)	(5,673,712)
Cash flows from / (used in) financing activities

Lease rentals paid	7,765,042	(1,525,322.26)	7,765,042	(1,525,322)
Lease interest	-	-		-
Loan Obtained	-	-	-	-
Dividends paid	-	-	-	-
Net cash generated from/(used in) financing activities	7,765,042	(1,525,322.26)	7,765,042	(1,525,322)
Net increase / (decrease) in cash & cash equivalents
(840,270)	(10,595,920.08)	(3,068,080)	(10,595,920)
Cash & cash equivalents at the beginning of the year	7,457,216	24,759,763	7,457,216	24,759,763
Cash & cash equivalents at the end of the year	6,616,946	14,163,843	4,389,136	14,163,843

All figures are provisional and subject to audit, unless otherwise stated.

Notes to the interim financial statements

1. General

The Exterminators (Private) Limited ("Company") incorporated as a private limited liability company on24 of May 2004, in terms of Companies Act No. 17 of 1982 and re-registration on 11 of June 2010, in terms of Companies Act No. 07 of 2007. The Company has changed its status to a Limited Liability Company on 23 of November 2021, in terms of Companies Act No. 07 of 2007 and changed the company name as Exterminators Limited. The Company resolved to change the status of the company from Limited to PLC with effect from 30 March 2022,

The registered office of the Company and principal place of business is located at No: 02, Ascot Avenue, Colombo 05.

The Company has carried out an Initial Public Offer (IPO) of 10,000,000 Ordinary voting Shares at an offer Price of LKR 6.00 per share, successfully raising LKR 60 million and listed in Colombo Stock Exchange on 30th March 2022.

2. Principal Activities and Nature of Operations

During the year, the principal activities of the Company were providing pest management, termite management, mosquito management, sanitation and disinfection services.The company is distributed locally manufactured products and international brands.

3. Basis of Preparation

These condensed Interim Financial Statements of Exterminators PLCand the group are for the period ended 31st December2024. They have been prepared in accordance with LKAS 34, Interim Financial Reporting, these Interim Financial Statements have been prepared in accordance with these SLFRS and IFRIC interpretation issued and effective as at the time and Companies Act No.07 of 2007. Provides the information required by the Colombo Stock Exchange.

4. Accounting Policies

The accounting policies and methods of computation adopted are consistent with those of the previous financial year as reported in the annual financial statements for the three months period ended 31st December2024.

5. Significant changes

The company has acquired the 100 number of shares of Exterminator International (Private) Limited on 01st July 2024. (Per share value was Rs.1,000.00)

Shareholders information

Directors' shareholding

Name of the Director	31.12.2024	%	31.03.2024	%	31.03.2023	%
Marlon Ferreira	36,277,850	68.64%	36,277,850	68.64%	36,200,000	68.49%
Suhaniya Pelpola	6,094,217	11.53%	6,500,000	12.30%	6,483,029	12.27%
Nihal Attygalle	8,610	0.02%	8,610	0.02%	8,626	0.02%

Public shareholding

Issued share Capital as at 31th December 2024	52,852,459.00
Less :
Directors Shareholding	42,380,677.00
Spouses & Children under 18 of Directors
Public Holding	10,471,782

Public Holding as a % of Issued Share Capital	19.81%

Float Adjusted Market Capitalization	77,153,397.00

Total No. of Shareholders representing the Public Holding as at 31.12.2024	716

Names and the number of shares held by the largest 20 shareholders as of 31.12.2024

1	Name of the shareholders		No: of shares	%
MR. D.M. FERREIRA		36,277,850	68.64%
2	MS. G.S. PELPOLA			6,094,217	11.53%
3	J.B. COCOSHELL (PVT) LTD			1,635,372	3.09%
4	MR. T.L.P. GUNAWARDENE			1,302,281	2.46%
5	DFCC BANK PLC/L.C.A. LANKESHWARA			1,009,700	1.91%
6	MR. F.N. HERFT			822,206	1.56%
7	COLOMBO MACHINERY & EQUIPMENT (PVT) LIMITED			567,993	1.07%
8	MR. W.W.D.D.S. PERERA			384,005	0.73%
9	BANK OF CEYLON A/C CEYBANK UNIT TRUST			333,769	0.63%
10	MR. F.P.N. PRIMAL			196,182	0.37%
11	MR. M.F. CADER			181,520	0.34%
12	MR. D. VIDANAGE			168,856	0.32%
13	BANK OF CEYLON A/C CEYBANK CENTURY GROWTH FUND			166,884	0.32%
14	DR. A.B. SAMARAKOON			149,130	0.28%
15	MR. D.P.P. FERNANDO			127,023	0.24%
16	T R L HOLDINGS (PVT) LIMITED			120,000	0.23%
17	COCOSHELL ACTIVATED CARBON COMPANY (PRIVATE) LIMITED		110,000	0.21%
18	MR. M.M. MUHAMED MUFARRATH			100,000	0.19%
19	MR. K.R. PIYANTHA			99,009	0.19%
20	MR. R. GAUTAM			77,000	0.15%
	Total Top 20		49,922,997	94.46%
	Other Share Holders			2,929,462	5.54%
	Total Shares	52,852,459	100.00%

Stated capital

	31.12.2024 .	31.03.2024	31.03.2023
	(No of shares)	(LKR)	(No of shares)
Ordinary Shares	52,852,459	100,000,000	52,852,459
Total	52,852,459	100,000,000	52,852,459

Earnings per share

Earnings per share has been calculated, for all periods, based on the number of shares in issue as of30.09.2024

	31.12.2024	31.03.2024
Net profit attributable to shareholders	1,153,495	7,099,394
Weighted average number of Shares	52,852,459	52,852,459
Earnings per share	0.02	0.17

The calculation of the earnings per share is based on the profit for the three-month period ended30th September 2024attributable to ordinary shareholders divided by the weighted average number of ordinary shares outstanding during the three-month period ended 30th September 2024as given above, as per the requirements of the Sri Lanka Accounting Standard (LKAS 33) - "Earnings per Share"

Market price per share

	31 December 2024	Change	31 December 2023
Highest price	7.00	-17%	8.40
Lowest price	7.00	-11%	7.90
Last traded	7.00	-17%	8.40

EVENTS OCCURRING AFTER THE REPORTING DATE

There were no significant events after the reporting period that require adjustments to or disclosures in the financial statements.

Contingent Liabilities

There were no material contingent liabilities as of 31.12.2024

Capital Expenditure Commitments

There were no material capital expenditure commitments as of 31.12.2024

Corporate Information

Company Name	Exterminators PLC
Legal Form	A Public Limited Liability Company, listed on the Colombo Stock Exchange on 30th
	March 2022.
Company registration	PB 00248739
	02, Ascot Avenue, Colombo-05.
Head office	Tel 0117 760 760/1, 0115 760 760, 0767 760 760
	hello@exterminators.lk
	www.exterminators.lk
Kandy	20, Mulgampola Road, Kandy
	Tel 0817 760 760/1kandy@exterminators.lk
	Chairman
	Dr. Kishu Gomes
	Managing Director
Board of Directors	Denham Marlon Ferreira
Directors

	Dr. Nihal Arttygalle
	Ajith Kumara
	Jacob Laubscher
	G S Pelpola
	R & J Corporate Secretaries (Private) Limited
Company Secretary	109/10 A, Gothami Road, Colombo 08.
	Tel: 0114 335 938
	Jayasingha& Company
Auditors	Chartered Accountants
	94/12, 2nd Lane,
	Kirulapone Avenue, Colombo-05
	Commercial Bank of Ceylon PLC
Bankers	Seylan Bank PLC

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