GALLE FACE CAPITAL PARTNERS PLC INTERIM FINANCIAL STATEMENTS - FOR THE PERIOD ENDED 30thJUNE 2025 CONTENT:
Statement of Profit or Loss and Other Comprehensive Income -1
Statement of Financial Position -2 Statement of Changes in Equity -3 Statement of Cash Flows -4
Notes to the Financial Statements -5-6
Largest Shareholders -7
Corporate Information -8
Rs.'000 QUARTER ENDED 30.06.2025 30.06.2024 UNAUDITED UNAUDITED | Rs.'000 PERIOD ENDED 30.06.2025 30.06.2024 UNAUDITED UNAUDITED | ||
42,322 | 42,570 | 42,322 | 42,570 |
(851) | (134) | (851) | (134) |
258,663 | 112,989 | 258,663 | 112,989 |
300,133 | 155,425 | 300,133 | 155,425 |
399 | 764 | 399 | 764 |
- | (352) | - | (352) |
300,532 | 155,837 | 300,532 | 155,837 |
- | - | - | - |
300,532 | 155,837 | 300,532 | 155,837 |
- | - | - | - |
300,532 | 155,837 | 300,532 | 155,837 |
10.40 | 5.78 | 10.40 | 5.78 |
10.40 | 5.78 | 10.40 | 5.78 |
- | 2.05 | - | 2.05 |
GALLE FACE CAPITAL PARTNERS PLC
STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 30TH JUNE
Revenue
Administrative and other Operating Expenses
Profit/loss on Fair Value of Investments Measured at FVTPL
Profit from Operation
Finance Income Finance Cost
Profit before Taxation
Taxation
Profit for the Period
Other Comprehensive Income
Total Comprehensive Income for the Period Earnings Per Share
Diluted Earning Per Share
Dividend per Share
The above figures are provisional and subject to audit.
Figures in brackets indicate deductions.
AS AT
GALLE FACE CAPITAL PARTNERS PLC
STATEMENT OF FINANCIAL POSITION
30.06.2025 Rs.'000 UNAUDITED | 31.03.2025 Rs.'000 UN AUDITED |
2,051,993 146,375 | 2,047,067 146,375 |
2,198,368 | 2,193,442 |
53,762 | 3,369 |
- | - |
4,138 | 2,215 |
57,900 | 5,584 |
2,256,268 | 2,199,026 |
596,529 | 596,529 |
1,659,030 | 1,358,498 |
2,255,559 | 1,955,027 |
709 | 719 |
- | - |
- | 243,280 |
- | - |
709 | 243,999 |
2,256,268 | 2,199,026 |
78.06 | 67.66 |
Assets
Non Current Assets
Investments - Measured at Fair Value Through Profit or Loss Investments in Associates
Total Non Current Assets
Current Assets
Trade & Other Receivables Amount due from related party Cash and Cash Equivalents
Total Current Assets Total Assets
Equity and Liabilities Equity
Stated Capital Revenue Reserves Total Equity
Current Liabilities Other payables Income Tax Payable
Amounts Due to related companies Bank Overdraft
Total Current Liabilities Total Equity & Liabilities
Net Assets per share (Rs.)
The Above figures are provisional and subject to audit.
I certify that the Interim Financial Statements have been prepared in compliance with the requirements of the Companies Act No.7 of 2007.
Sgd.
Chief Financial Officer
The Board of Directors is responsible for the preparation and presentation of these Financial Statements.
These Financial Statements were approved and signed for and on behalf of the Board of Directors of Galle Face Capital Partners PLC.
Sgd. Sgd.
Director Director
15th August 2025
The above figures are provisional and subject to audit.
Figures in brackets indicate deductions.
Stated Capital Rs.'000 | General reserve Rs.'000 | Revenue Reserves Retained Earnings Rs.'000 | Total Rs.'000 |
542,776 | 619 | 731,890 | 1,275,284 |
53,753 | - | (55,247) | (1,494) |
- | - | 681,236 | 681,236 |
596,529 | 619 | 1,357,879 | 1,955,027 |
596,529 | 619 | 1,357,879 | 1,955,027 |
- | - | 300,532 | 300,532 |
596,529 | 619 | 1,658,411 | 2,255,559 |
GALLE FACE CAPITAL PARTNERS PLC
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 30TH JUNE
Balance as at 1st April 2024 Scrip Dividend
Profit for the Period
Balance as at 31st March 2025
Balance as at 01st April 2025
Profit for the Period
Balance as at 30th June 2025
The above figures are provisional and subject to audit.
Figures in brackets indicate deductions.
.
FOR THE PERIOD ENDED 30TH JUNE
Cash Flow from Operating Activities
Profit Before Tax
GALLE FACE CAPITAL PARTNERS PLC STATEMENT OF CASH FLOWS
2025 Rs.'000 UNAUDITED | 2024 Rs.'000 UNAUDITED |
300,532 | 155,837 |
(399) | (764) |
- | 352 |
29,992 | - |
(258,663) | (112,989) |
71,463 | 42,436 |
(50,393) | (525) |
(243,280) | 352 |
(10) | (730) |
- | (352) |
(222,220) | 41,180 |
- | 24,307 |
(32,799) | (117,573) |
256,543 | 105,100 |
399 | 764 |
1,923 | 53,778 |
- | - |
- | - |
1,923 2,215 | 53,778 (9,480) |
4,138 | 44,299 |
Adjustments For:
Finance Income Finance Cost
Gain on Disposal of Shares
(Gain) on Investments - Measured at Fair value Through Profit or Loss
Operating Cash Flows before Working Capital changes
Changes in Working Capital
(Increase)/Decrease in Other Current Assets/ Receivables (Decrease) in due to related party
(Decrease) in Trade and Other Payables Finance Cost
Cash Flows Generated from Operations
Cash Flows from Investing Activities
Disposal of treasury Bills Investment in Shares Disposal of Shares Interest Received
Net Cash Flows generated from Operating Activities
Cash Flows from Financing Activities
WHT Paid for Dividend
Net Cash Flows used in Financing Activities
Net (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
NOTES TO THE FINANCIAL STATEMENTS-
Basis of preparation
The Interim Financial Statements of Galle Face Capital Partners PLC has been prepared in compliance with Sri Lanka Accounting Standard LKAS 34 -Interim Financial Reporting. These Interim Financial Statements are to be read in conjunction with the Annual Financial Statements for the year ended 31st March 2024.
-
Comparative figures
The presentation and classification of figures for the corresponding period of the previous year have been rearranged where relevant, to be comparable with those for the current period. Net Assets per share has been calculated by dividing net assets as at 30thJune 2025 by total number of Ordinary Shares as at the same date.
-
Stated Capital
The stated capital consists of 28,894,939 (31stMarch 28,894,939) Voting shares issued as at 30thJune 2025.
-
Contingent liabilities
There is no change in the nature of the contingent liabilities as at 30thJune 2025 as compared to the contingent liabilities which were disclosed in the accounts for the year ended 31stMarch 2025.
-
Market price per share
Market prices for the quarter ended were:
30.06.25
Rs.
31.03.25
Rs.
Lowest
39.10
40.00
Highest
69.00
60.90
Last traded
65.50
46.10
-
Public shareholding
The percentage of shares held by the public as at 30thJune 2025 was Voting 29.94%. The number of voting shareholders representing the public holding was 2,118 as at 30thJune 2025.The float adjusted market capitalization was Rs. 1,893Mn as at 31stMarch 2025. The company has over 20% public shareholding and over 500 public shareholders meeting the minimum thresholds for compliance on minimum public holding under the option "5" of Section
7.13.1 (a) of continuing listing requirements.
NOTES TO THE FINANCIAL STATEMENTS - CONTD.. -
Directors' shareholding
The directors' shareholdings are as follows:
Name
As at 30th June 2025
As at 31st March 2025
Mr. S.V. Rajiyah - (Joint With Mrs.J.J.B.A.Rajiyah)
300,000
300,000
Mr. K. Liyanagamage
-
-
Mr. M.S. Dominic
-
-
Mr. K.G. Vairavanathan
-
-
Mr.M. A. Ratnasabapathy
-
-
-
Significant Events and Transactions
There were no significant events & transactions occurred during the period ended 30th June 2025 which requires disclosure to the Interim Financial Statements.
-
Events Occurring after the Reporting Date
There are no material events that have taken place subsequent to the reporting date which require disclosures to the Financial Statements.
-
Earnings per Share
Earnings per share have been calculated by dividing profit attributable to equity holders (excluding non-controlling interest) by the weighted average number of ordinary shares outstanding during the period as given in LKAS 33.
- Investments - Measured at Fair Value through Profit or Loss
The Company has invested in listed equity securities. The fair value of quoted equity shares is determined with reference to published prices in the active market.
No. | Name | Voting as at 30.06.2025 No. of Shares % | Voting as No. of Shares | at 31.03.2025 % | ||
1 | Ceylon Land & Equity Plc | 8,121,380 | 28.11% | 8,121,380 | 28.11% | |
2 | Shaw Wallace & Hedges Ltd | 6,800,000 | 23.53% | 6,800,000 | 23.53% | |
3 | Renuka Holdings Plc | 3,900,000 | 13.50% | 3,900,000 | 13.50% | |
4 | Peoples Leasing & Finance PLC/Suhada Gas Distributors (pvt) Ltd | 1,298,599 | 4.49% | 807,876 | 2.80% | |
5 | The Cargo Boat Investment Company Ltd | 1,054,034 | 3.65% | 1,054,034 | 3.65% | |
6 | Hatton National Bank Plc/Almas Holdings (Pvt) Ltd | 887,000 | 3.07% | 444,249 | 1.54% | |
7 | Assetline Finance Ltd/H.M.A.K.B Herath | 596,448 | 2.06% | 545,892 | 1.89% | |
8 | Assetline Finance Ltd/Suhada Gas Distributors (Pvt) Ltd | 476,345 | 1.65% | 190,911 | 0.66% | |
9 | Mr.S.V. Rajiyah | 300,000 | 1.04% | 300,000 | 1.04% | |
10 | Hatton National Bank Plc/Ayenka Holdings (Pvt) Ltd | 156,692 | 0.54% | - | 0.00% | |
11 | Thread Capital (Pvt) Ltd | 135,000 | 0.47% | - | 0.00% | |
12 | Union Investments Pvt Ltd | 124,151 | 0.43% | 124,151 | 0.43% | |
13 | Mr.S.M.P.B Samarapperuma | 123,035 | 0.43% | - | 0.00% | |
14 | Hatton National Bank Plc/Ravindra Erle Rambukwelle | 120,000 | 0.42% | 143,550 | 0.50% | |
15 | Senkadagala Finance Plc/R.M.S.P.R Bandara | 120,000 | 0.42% | 100,000 | 0.35% | |
16 | Mr.B.S Weerakoon | 111,297 | 0.39% | 85,500 | 0.30% | |
17 | Mr.U.D.M Fernando | 100,000 | 0.35% | 143,538 | 0.50% | |
18 | Dialog Finance PLC/S.Elankumaran | 99,000 | 0.34% | - | 0.00% | |
19 | DFCC Bank Plc/P.S Weerasekera | 98,337 | 0.34% | 98,337 | 0.34% | |
20 | Seylan Bank PLC/Anuja Chamila Jayasinghe | 94,230 | 0.33% | - | 0.00% | |
24,715,548 85.54% 22,859,418 79.11% | ||||||
GALLE FACE CAPITAL PARTNERS PLC
20 Largest Shareholders
CORPORATE INFORMATION
Name of Company
Galle Face Capital Partners PLC
Registration No.
PQ 49
Legal Form
Quoted Public Company with Limited Liability
Principal Activity
Investment
Board of Directors
Mr. S. V. Rajiyah Mr. M.S. Dominic Mr. K Liyanagamage Mr. K.Vairavanathan
Mr.M.R.Ratnasabapathy
Audit Committee *
Mr. M. R. Ratnasabapathy - Chairman Mr. K.G.Vairavanathan
Mr. M.S.Dominic
Related Party Transactions review Committee
Mr. M. R. Ratnasabapathy - Chairman Mr. K.G.Vairavanathan
Mr. M.S.Dominic
Remuneration Committee Mr. M. S. Dominic - Chairman Mr. M. R. Ratnasabapathy Mr. K.G.Vairavanathan
Nomination & Governance CommitteeMr. M. S. Dominic - Chairman Mr. M. R. Ratnasabapathy Mr. K.G.Vairavanathan
Managers & Company Secretaries
Renuka Enterprises (Pvt) Ltd 69 Sri Jinaratana Road, Colombo 2
Registrars
S S P Corporate Services (Pvt) Ltd 546 Galle Road,
Colombo 3
Ultimate Parent Company
Renuka Holdings PLC
Registered Office
"Renuka House"
69 Sri Jinaratana Road, Colombo 2
Telephone: 0094-11-2314750-5
Email: [email protected] Fax: 0094- 11-2445549
Postal Address
P.O.Box 25, Colombo
Stock Exchange Listing
Colombo Stock Exchange
Auditors
Ernst & Young Chartered Accountants
Legal Consultants
Nithya Partners - Attorneys- at-Law Varnes International- Attorneys-at-Law Heritage Partners- Attorneys- at-Law
Bankers
Commercial Bank of Ceylon PLC Standard Chartered Bank