HATTON PLANTATIONS PLC | ANNUAL REPORT 2024 | 2025 A
HATTON PLANTATIONS PLC
WHīRī TRASiTiON
MīīTS TOMORROW
ANNU AL REPOR T 2 0 2 4/ 2 0 2 5Amidst evolving local and global market dynamics, we remain committed to elevating quality and productivity.
By embracing fully integrated field digitalization and enterprise resource planning (ERP) systems, we ensure real-time monitoring and precise control of every stage in crafiing the
finest teas.
OUR PURPOSE
“Growing Hatton Plantations to be the Industry Leader”
OUR FUTURE
“To be the most admired Plantation Company in Sri Lanka”
OUR VALUES
Our Approach Integrity, Honesty, open and transparent
Our Heritage Perseverance, Never give up
Our Solutions Innovation, Improvement through continuous change
Our Promise Trust Responsibility, The foundation Accountability to upon which we all stakeholders grow
Contents
2... ABOUT THE REPORT
5... ABOUT HATTON PLANTATIONS
7... ESG FRAMEWORK & REPORTING
8... MILESTONES
10... OUR ESTATES AND FACTORIES
Performance Highlights
.. FINANCIAL HIGHLIGHTS
.. NON-FINANCIAL HIGHLIGHTS - THE COMPANY
.. HISTORICAL FINANCIAL INFORMATION
23... CHAIRMAN’S MESSAGE
27... MANAGING DIRECTOR/CEO’S REVIEW
32... BOARD OF DIRECTORS
34... BOARD OF DIRECTORS’ PROFILE
38... CORPORATE MANAGEMENT TEAM
Management Discussion and Analysis40... OPERATING ENVIRONMENT
46... STAKEHOLDER REVIEW
50... FINANCIAL CAPITAL
55... STRATEGIC VALUE CREATION
56... MANUFACTURED CAPITAL
63... HUMAN CAPITAL
73... INTELLECTUAL CAPITAL
81... NATURAL CAPITAL
91... SOCIAL AND RELATIONSHIP CAPITAL
Governance and Risk104... CORPORATE GOVERNANCE
122... RISK MANAGEMENT
132... ANNUAL REPORT OF THE BOARD OF DIRECTORS
137... DIRECTORS’ STATEMENT ON INTERNAL CONTROLS
139... STATEMENTS OF DIRECTORS’ RESPONSIBILITY
141... STATEMENT BY THE SENIOR INDEPENDENT DIRECTOR
HATTON PLANTATIONS PLC | ANNUAL REPORT 2024 | 2025 1
142 REPORT OF THE AUDIT COMMITTEE
145 REPORT OF THE RELATED PARTY TRANSACTION REVIEW
COMMITTEE
147 REPORT OF THE REMUNERATION COMMITTEE
149 NOMINATIONS AND GOVERNANCE COMMITTEE REPORT
153 RESPONSIBILITY STATEMENT OF MANAGING DIRECTOR/
CEO AND CHIEF FINANCIAL OFFICER
Financial Reports155 FINANCIAL CALENDAR
156 INDEPENDENT AUDITOR’S REPORT
160 STATEMENT OF PROFIT OR LOSS
161 STATEMENT OF COMPREHENSIVE INCOME
162 STATEMENT OF FINANCIAL POSITION
164 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
165 COMPANY STATEMENT OF CHANGES IN EQUITY
166 STATEMENT OF CASH FLOWS
167 NOTES TO THE FINANCIAL STATEMENTS
Supplementary Information and Annexures240 VALUE ADDED STATEMENT
241 ESTATE HECTARAGE STATEMENT
241 CROPS AND YIELDS
242 PERMANENT BUILDINGS ON ESTATES
243 OUR ESTATES AND FACTORIES
244 SHAREHOLDERS' AND INVESTORS' INFORMATION
247 COMPLIANCE RULES AND GRI INDEX
261 GLOSSARY
265 NOTES
266 NOTICE OF THE ANNUAL GENERAL MEETING
267 FORM OF PROXY
269 CORPORATE INFORMATION
2 HATTON PLANTATIONS PLC | ANNUAL REPORT 2024 | 2025ABOUT THE REPORTGRI fi-fi, 3, 4, 5
Hatton Plantations PLC’s 8th Annual Report provides a comprehensive overview of the Company’s performance and value creation for the financial year starting 01, April 2024 and ended in 31, March 2025, covering a
12-month cycle.
Our integrated approach shares our strategies in delivering value through the capitals, in engaging our stakeholders, and in protecting shareholder interests. We have strived
to achieve sustainable practices across our operations and comply with industry benchmarks in our governance processes.
This year, our integrated reporting structure has been expanded to include GRI (Global Reporting Initiative) and to provide an insight into our efforts in ESG (Environment, Social and Governance) Initiative.
Scope and BoundaryThis report shares Hatton Plantations PLC (HPL) business and operational activities as well as risk, governance and sustainability measures. The report covers both financial and non-financial information, enabling our shareholders to obtain an understanding of HPL’s performance in every aspect possible.
This report covers the existing 13 estates and 1 processing factory of HPL and our newly expanded estate, processing and warehousing operations.
Reporting Cycle: Annual
Reporting period:
1 April 2024 to 31 March 2025
The most recent report was issued on:
26th August 2024
The information related to the previous period has not been reinstated during this period unless otherwise stated. There were no significant changes in the organization type, structure or ownership during the reporting period.
Targeted AudienceThis report aim to provide company related information to shareholders and potential investors to assess the company’s growth, strength and stability. It also aims to share information useful for other stakeholders such as buyers, brokers, community, employees, and suppliers.
HATTON PLANTATIONS PLC | ANNUAL REPORT 2024 | 2025 3
Reporting FrameworksHatton Plantations PLC delivers a comprehensive, reasonable and relevant report adhering to industry standards and reporting guidelines. We share the steps taken to nurture our capitals towards stakeholder value creation, and continuously aim to improve the quality of our reporting standards. This year’s report is structured as below:
Strategic FocusThe report shares in detail the macro and micro environment that impacted the performance of the company
Corporate Focus About Hatton Plantations PLC
| PAGES 5 to 6 and 8 to 11 |
Sustainability Focus Non-Financial Highlights
| PAGES 15 and 7 |
Corporate Leadership Chairman’s Message
| PAGES 23 to 38 |
Strategic Focus Operating Environment
| PAGES 40 to 101 |
Risk and Governance Corporate Governance Reports Risk Management
| PAGES 104 to 121, 122 to 131 and 256 to 260 |
Financial Reports Financial Highlights
| PAGES 14 to 15, 16 to 21 and 156 to 238 |
Committee Reports | PAGES 142 to 152 |
Supplementary Information | PAGES 239 to 246 |
and the industry in the operating environment. It further explains the efforts taken to engage and enhance stakeholder relationships through value creation for the multiple stakeholders HPL engages with. Further, the strategic focus reports on how these impacts and relationships translated in our performance and what strategies were employed to mitigate and improve the risks and challeneges faced by the company. The capital reports presented in this report are:
Financial Capital
Manufactured Capital
Human Capital
Social and Relationship Capital
Intellectual Capital
Natural Capital
4 HATTON PLANTATIONS PLC | ANNUAL REPORT 2024 | 2025The regulatory and voluntary frameworks adopted in preparing this report include:
RECUlATORY VOlUNTARY
Board AcknowledgementThe Annual Report of Hatton Plantations PLC for the year ended 31st March 2025, has been prepared and reviewed by the Management of the Company who have recommended
Companies Act No.7 of 2007
Code of Best Practices and Corporate Governance 2023
Continued Listing Requirements of the Colombo Stock Exchange
Sri Lanka Accounting & Auditing Standards Act No.15 of 1995
Sri Lanka Financial Reporting Standards
Directives and Circulars of the Securities and Exchange
Commission of Sri Lanka (SEC) Act
- International Framework of the IIRC
A Preparer’s Guide to Integrated Corporate Reporting ICASL
Global Reporting Initiative (GRI) Universal Standard
Guidance on Environment , Social and Governance (ESG) reporting
United Nations Sustainable Development Goals (SDGs)
the same to the Group’s Audit Committee and Board for their approval.
The Board acknowledges its responsibility to ensure the integrity of the Annual Report which provides a balanced view of the performance of the Company, addressing all material issues that may have an impact on the Company’s capacity to create value over the short term. The Board is of the opinion that the Annual Report of Hatton Plantations PLC for the financial year ending 31st March 2025 is presented in accordance with best practices in reporting. The report was unanimously approved by the Board on 23rd June 2025 and is signed on behalf by:
ConcisenessAll the necessary and vital information is delivered concisely.
Reliability and CompletenessHatton Plantations PLC has obtained independent assurance on the financial statements from external auditors Messrs Deloitte Partners.
Consistency and ComparabilityThe financial and non-financial information for the year under review and the comparable periods have been provided in the report.
Chairman
For any inquiries, please contact,
Mrs. Annemarie Outschoorn Chief Financial Officer Hatton Plantations PLC
No. 168, 2nd Floor, Negombo Rd, Peliyagoda. Email:anne@hattonplantations.lk
Telephone: 011 453 703
Scan for contact us
Board of Directors
Chairman Audit Committee
Managing Director/ CEO
HATTON PLANTATIONS PLC | ANNUAL REPORT 2024 | 2025 5
ABOUT HATTON PLANTATIONSGRI fi-l, fi, &
A Legacy of Excellence and GrowthHatton Plantations PLC has a proud and distinguished history, shaped by key milestones that have driven its transformation into one of Sri Lanka’s leading tea plantation companies. Since the landmark privatization of regional plantation companies in 1992, we have continued to grow through strategic joint ventures and pivotal management transitions, each contributing to our progress and diversification.
Today, Hatton Plantations PLC manages 13 estates spanning 7,206 hectares across Watawala, Hatton, and Lindula— regions renowned for their ideal tea-growing conditions at Western High and Western Medium elevations in Sri Lanka’s central highlands. The Company manages 12 tea processing factories with a total green leaf handling capacity of 155,500 kg per day, and holds advanced production capabilities including orthodox, CTC, leafy, and green tea processing.
With a strong focus on sustainable agricultural practices and balanced soil nutrition, our teas consistently meet stringent quality standards. Our modern, well-equipped factories are designed to enhance flavor, liquoring quality, and overall product excellence.
Approximately 82% of our teas are sold through the Colombo Tea Auction—the largest of its kind in the world— while the remainder is marketed directly to buyers. This dual-channel approach strengthens our presence in both domestic and global markets, ensuring wide distribution of our premium teas.
Our BrandHatton Plantations has maintained the highest respect and credibility as a reliable and ethical tea producer at the Ceylon Tea Auction. Our garden selling marks hold high
regard amongst global tea connoisseurs and are recognized as of highest quality amongst Ceylon Tea varieties. Currently, we offer a diverse product portfolio comprising over 35 tea grades.
Estates and Selling MarksLindula
Waltrim
Waltrim
Henfold
Henfold
Tangakelle
Tangakelle/ Cymru
Agarakanda
East Fassifern
Hatton
Watawala
Ouvahakelle
Dickoya
Ouvahakelle
Adisham
Vellai Oya
Vellai Oya
Abbotsleigh
Florence
Strathdon
Shannon
Strathdon
Shannon
Kenilworth
Kenilworth
Carolina
Carolina CTC
Region
Estate
Selling Mark
AwardsFor the 5th consecutive year, Hatton Plantations PLC was recognized as the Highest Quantity Producer of Black
Tea amongst regional plantation companies in 2024, at the Colombo Tea Auction.
Hatton Plantations PLC was awarded the
Compliance Certificate
- Plantation Sector at the TAGS Annual Report Awards 2024.
6 HATTON PLANTATIONS PLC | ANNUAL REPORT 2024 | 2025Future Vision
As we look ahead, Hatton Plantations PLC remains committed to advancing our legacy of excellence. We strive to be recognized as Sri Lanka’s foremost tea producer through continuous innovation, ethical business practices, and sustainable development initiatives. Our focus on enhancing crop yields and expanding production volumes enables us to deliver world-class tea to a broad customer base.
Hatton Plantations believes that our people is the heart of our organization. We invest and dedicate in their growth and well-being whilst ensuring a culture of professionalism and
excellence. Equally important is our responsibility to the estate communities we serve. We take pride in supporting a population of 43,746 individuals—including employees, their families, and residents—through initiatives that promote social welfare and contribute meaningfully to the national economy.
Rainforest Alliance
Fair Trade Foundation
Central Environment Authority
ISO 22000:2018
HACCP
GMP
FSMS
ISO 9001:2015
QMS
ISO 50001:2018
EnMS
Greenhouse Gas Verification
HATTON PLANTATIONS PLC | ANNUAL REPORT 2024 | 2025 7
ESG FRAMEWORK & REPORTINGGRI fi-fifi
Hatton Plantations PLC understands that the ESG Framework is a pivotal tool that offers a comprehensive evaluation of a company’s performance in environmental, social, and governance areas.
HPL is committed to ethical and sustainable business and has over the years implemented numerous initiatives across the company to integrate Environmental, Social and Governance (ESG) initiatives.
EVIRONMENTProtecting and restoring our environment is a key focus of our efforts. As a plantation company, we are committed to the sustainability of the bio diversity and eco system we operate in.
SOCIALNurturing our relationships and empowering our stakeholders is at the forefront of
our social initiatives. We are dedicated to learning, growth and well being of our
workforce and communities combined with inclusive and ethical practices.
GOVERNANCEBuilding a culture of transparency, accountability and responsibility through best practices and creation of value to stakeholders is our primary focus in our governance efforts.
Implementation of Ensuring hygiene health and sanitary and healthy improvement working and projects for estate living conditions worker community for estate
within estate and communities community habitat
Providing education facilities for estate children and day care facilities for estate women
Addressing stakeholder needs and ensuring value
creation
Zero child labour and providing opportunities for community children for education and
a safe caring
environment
Building stronger stakeholder partnerships that benefit both the organisation and
stakeholders
Action
Achievements
Action
Achievements
Action
Enhancing transparency in processes at estate level
Achievements
Reinforcing trust and confidence amongst estate community
Investing in Ensuring accurate
technology for and uncorrupted greater accuracy wages and fees and elimination of
possible corrupt
practices
Training programs on compliance with laws, policies and industry
standards
Implementation of fully compliant processes across
the company
Appointment of
independent board members
Improving the board’s
independence in the management
process
Partnering for the Conservation of protection of forest 250 hectares of land biodiversity
Rain water Increased efficient
harvesting and water use water conservation
Ensured health of
Land management land and soil for and reforestation future plantation
Efficient environment management
MILESTONES
1992
Privatisation of regional plantations companies
1996
Transition of Watalwa Platations
management
2017
Establishment of Hatton Platations PLC
1992: The Government privatised 22 regional plantation companies in Sri Lanka, leading to a joint venture between
Watawala Plantations PLC and Tata Tea Ltd. of India.
1996: Estate Management Services (Pvt) Ltd took over the management of Watawala Plantations PLC.
2017: A demerger resulted in the establishment of Hatton Plantations PLC, which was incorporated on
14 September 2017 as part of the restructuring undertaken by Watawala Plantations PLC under
Section 256 of the Companies Act No. 07 of 2007. Hatton Plantations PLC was formed to manage the existing upcountry tea business previously handled by Watawala Plantations PLC.
2019: On 28 May 2019, Estate Management Services (Pvt) Limited, the parent company of Hatton Plantations PLC, sold a majority controlling stake in
Hatton Plantations PLC to Lotus Renewable Energy (Private) Limited and its ultimate parent, Renewables (Singapore) Pte Ltd, through the Colombo Stock Exchange at a price of LKR 8.30 per share.
2019
HPL majority controlling stake changed hands
2021
HPL expanded and diversified into energy sector
2023
Commenced the automation of the estates
2024
Invested in coffee
plantation as a secondary crop
Introduction of ERP into process management
2021: On September 30, 2021, Hatton Plantations PLC acquired a 95.43% stake in Mark Marine Services (Private) Ltd, a hydro power company, investing Rs. 458.9 million as part
of its diversification into various business sectors. Additionally, Hatton Plantations PLC expanded its diversification strategy to include the development of three holiday bungalows and a Tea Center in the Hatton and Watawala regions.
2023: Hatton Plantations embarked on a revolutionary step to automate estate
functions starting with the mechanization of tea plucking and digital weighing of tea.
2024:
HPL diversified its crops into coffee with a 500 hectare coffee plantation.
The company also introduced ERP solutions across the estates for improved process and data management
HATTON PLANTATIONS PLC | ANNUAL REPORT 2024 | 2025 9
GRI fi.fi
Watawala Region
Total Extent (Ha)
Revenue Extent Tea (Ha)
Other (Ha)
600.86
246.86
191
Elevation Western
Category Medium Grown
Main Crop Tea
Type of Factory Ortho/RV Factory Elevation 616
Crop with Bought 487,861 Crop (Kgs)
Staff
26
Associates 393
(including Casuals)
Land Extent
Kenilworth
Total Extent (Ha)
Revenue Extent Tea (Ha)
Other (Ha)
427.46
245.66
104.84
Elevation Western High
Category Grown
Main Crop Tea
Type of Factory CTC Factory Elevation 1,330
Crop with Bought 1,684,196 Crop (Kgs)
Staff
40
Associates 588
(including Casuals)
Hatton Region
Employees
Production
Land Extent
Employees
Production
Abbotsleigh
Carolina
Total Extent (Ha)
Revenue Extent Tea (Ha)
Other (Ha)
892.42
220.25
197.79
Elevation Western
Category Medium Grown
Main Crop Tea
Type of Factory CTC Factory Elevation 960
Crop with Bought 234,372 Crop (Kgs)
Staff
18
Associates 249
(including Casuals)
Total Extent (Ha)
Revenue Extent Tea (Ha)
Other (Ha)
629.59
271.72
134.57
Elevation Western High
Category Grown
Main Crop Tea
Type of Factory Ortho/RV Factory Elevation 1,292
Crop with Bought 739,688 Crop (Kgs)
Staff
29
Associates 489
(including Casuals)
Employees
Production
Land Extent
Employees
Production
Land Extent
Dickoya
Shannon
Total Extent (Ha)
Revenue Extent Tea (Ha)
Other (Ha)
262.04
171.34
27.59
Elevation Western High
Category Grown
Main Crop Tea
Type of Factory Ortho/RV Factory Elevation 1,372
Crop with Bought 445,570 Crop (Kgs)
Staff
26
Associates 298
(including Casuals)
Total Extent (Ha)
Revenue Extent Tea (Ha)
Other (Ha)
840.00
325.50
219.65
Elevation Western
Category Medium Grown
Main Crop Tea
Type of Factory Ortho/RV Factory Elevation 1,331
Crop with Bought 527,025 Crop (Kgs)
Staff
27
Associates 589
(including Casuals)
Employees
Production
Land Extent
Vellaioya
Wigton
Total Extent (Ha)
Revenue Extent Tea (Ha)
Other (Ha)
667.58
111.85
51.8
Elevation Western
Category Medium Grown
Main Crop Tea
Type of Factory -Factory Elevation -
Crop with Bought 141,164 Crop (Kgs)
Staff
8
Associates 177
(including Casuals)
Total Extent (Ha)
Revenue Extent Tea (Ha)
Other (Ha)
644.39
258.13
148.28
Elevation Western
Category Medium Grown
Main Crop Tea
Type of Factory CTC Factory Elevation 1,112
Crop with Bought 532,479 Crop (Kgs)
Staff
29
Associates 504
(including Casuals)
Employees
Production
Land Extent
Employees
Production
Land Extent
Employees
Production
Land Extent
Strathdon
HATTON PLANTATIONS PLC | ANNUAL REPORT 2024 | 2025 11
Total Extent (Ha)
Revenue Extent Tea (Ha)
Other (Ha)
578.25
398.71
13.5
Elevation Western High
Category Grown
Main Crop Tea
Type of Factory Ortho/RV Factory Elevation 1,400
Crop with Bought 570,491 Crop (Kgs)
Staff
34
Associates 768
(including Casuals)
Lindula Region
Land Extent
Waltrim
Total Extent (Ha)
Revenue Extent Tea (Ha)
Other (Ha)
540
407.9
14.5
Elevation Western High
Category Grown
Main Crop Tea
Type of Factory Ortho/RV Factory Elevation 1,381
Crop with Bought 617,084 Crop (Kgs)
Staff
35
Associates 616
(including Casuals)
Total Extent (Ha)
Revenue Extent Tea (Ha)
Other (Ha)
527.25
255.84
147.2
Elevation Western High
Category Grown
Main Crop Tea
Type of Factory Re-processing Factory Elevation 1,573
Crop with Bought 290,652 Crop (Kgs)
Staff
25
Associates 478
(including Casuals)
Employees
Production
Land Extent
Employees
Production
Employees
Production
Land Extent
Henfold
Tangakelle
Total Extent (Ha)
Revenue Extent Tea (Ha)
Other (Ha)
367.79
287.3
41.27
Elevation Western High
Category Grown
Main Crop Tea
Type of Factory Ortho/RV Factory Elevation 1,472
Crop with Bought 287,942 Crop (Kgs)
Staff
21
Associates 418
(including Casuals)
Employees
Production
Land Extent
Ouvahkelle
Total Extent (Ha)
Revenue Extent Tea (Ha)
Other (Ha)
228.75
145
57.35
Elevation Western High
Category Grown
Main Crop Tea
Type of Factory Green Tea Factory Elevation 1,369
Crop with Bought 211,655 Crop (Kgs)
Staff
16
Associates 301
(including Casuals)
Employees
Production
Land Extent
Agrakande
Performance Highlights
.. FINANCIAL HIGHLIGHTS
.. NON-FINANCIAL HIGHLIGHTS - THE COMPANY
.. HISTORICAL FINANCIAL INFORMATION
CROUP
COMPANY
Year ended fi0fi4/fi0fi5 | Year ended fi0fi3/fi0fi4 | Variance % | Year ended fi0fi4/fi0fi5 | Year ended fi0fi3/fi0fi4 | Variance % | ||
EARNINGS HIGHLIGHTS AND RATIOS | |||||||
Revenue | lKR Mn | 7,709.9 | 7,724.9 | -0.2% | 7,588.0 | 7,633.2 | -0.6% |
Results from operating activities | lKR Mn | l,059.8 | 1,168.4 | -9.3% | l,057.fi | 1,198.8 | -11.8% |
Profit before tax | lKR Mn | l,045.3 | 1,130.8 | -7.6% | l,037.5 | 1,159.1 | -10.5% |
Profit afier tax | lKR Mn | 7l8.9 | 894.6 | -19.6% | 739.7 | 1,010.2 | -26.8% |
Dividends | lKR Mn | fi37.0 | 710.0 | -66.6% | fi37.0 | 710.0 | -66.6% |
Basic earning per share | lKR | 3.03 | 3.78 | -19.5% | 3.l3 | 4.27 | -26.8% |
BALANCE SHEET HIGHLIGHTS AND RATIOS | ||||||||||
Total assets | lKR Mn | 8,l8fi.8 | 7,425.3 | 10.2% | 8,380.9 | 7,568.5 | 10.7% | |||
Total debt | lKR Mn | fifi5.9 | 175.4 | 28.8% | fifi5.9 | 175.4 | 28.8% | |||
Total shareholders’ funds | lKR Mn | 5,054.0 | 4,674.4 | 8.1% | 5,377.& | 4,944.1 | 8.8% | |||
Net assets per share | lKR | fil.fi9 | 19.68 | 8.2% | fifi.7fi | 20.89 | 8.8% | |||
Debt/equity | % | 4.5 | 3.8 | 19.1% | 4.fi | 3.5 | 18.4% | |||
Debt/total assets | % | fi.8 | 2.4 | 16.9% | fi.7 | 2.4 | 14.1% | |||
MARKET / SHAREHOLDER INFORMATION | ||||||||||
Market price of share as at 31 March | lKR | 25.70 | 7.8% | 25.70 | 7.8% | |||||
Market capitalisation as at 31 March | lKR Mn | 6,082.3 | 7.8% | 6,082.3 | 7.8% | |||||
Enterprise value | lKR Mn | 6,137.9 | 9.1% | 6,178.9 | 9.0% | |||||
Dividend per share | lKR/share | 3.00 | -66.7% | 3.00 | -66.7% | |||||
Dividend yield | % | 11.7 | -68.4% | 11.7 | -68.4% | |||||
fi7.70 |
&,555.7 |
&,&94.l |
l.00 |
3.7 |
fi7.70 |
&,555.7 |
&,73fi.7 |
l.00 |
3.7 |
Profit / (Loss) and Revenue Market Information 31 March 2025
1,706
7,633
7,588
7,620
5,636
5,354
1,010
4,040
4,184
740
537
568
449
9,000 2,000
8,000
8,000 30
7,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
(113)
1,500
1,000
500
-
25
6,000
20
5,000
4,000 15
3,000
10
2,000
- (500)
2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25
1,000
-
5
0
2018/9 2019/20 2020/21 2021/22 2022-23 2023-24 2024-25
Market Capitalisation Enterprise Value
PERFORMANCE HICHLICHTS
HATTON PLANTATIONS PLC | ANNUAL REPORT 2024 | 2025 15
MANUFACTURED CAPITAL | Unit | fi0fi4/fi5 | fi0fi3/fi4 | % | SDCs Achieved | |||
Tea production | Kg | 6,770,243 | 7,189,067 | -6% | ||||
No of estates | No. | 13 | 13 | - | ||||
Total extent of cultivation - Tea | Ha | 3,489.6 | 3,408.01 | 2.4% | ||||
Tea small holders/ sellers | No. | 112 | 110 | 2% | ||||
Payment to suppliers | Rs. Mn | 2,911.5 | 2,930.4 | -0.6% | ||||
Value of PPE – WDV | Rs. Mn | 1,909.1 | 1,819.1 | 5% | ||||
Capital expenditure | Rs. Mn | 346.6 | 364.1 | -5% | ||||
HUMAN CAPITAL | Unit | fi0fi4/fi5 | fi0fi3/fi4 | % | SDCs Achieved | |||
No. of employees | No. | 6,267 | 6,323 | -2% | ||||
Female participation | No. | 3,319 | 3,422 | -3% | ||||
New recruits | No. | 85 | 70 | 21% | ||||
Investment in training | Rs. Mn | 21.5 | 4.5 | >100% | ||||
Training hours including Estate Associates | Hrs | 240,000 | 120,000 | 100% |
Unit
fi0fi4/fi5 fi0fi3/fi4
%
SDCs Achieved
Tea small holders/ sellers network No. 112 110 2%
Estates No. 13 13 -
CSR Rs. Mn 5.8 3.8 53%
INTELLECTUAL CAPITALUnit
fi0fi4/fi5 fi0fi3/fi4
%
SDCs Achieved
No. tea grades No. 33 33 -
Quality certifications No. 09 06 -
Investment in R&D, technology Rs. Mn 2.5 1.5 67%
Investment in technical experts Rs Mn 3.5 1.2 >100%
Training hours on new knowledge/ skill development
Hrs 90,000 63,000 43%
NATURAL CAPITALUnit fi0fi4/fi5 | fi0fi3/fi4 | % | SDCs Achieved | |||||||
Raw materials consumed | Rs. Mn | 4,567.6 | 4,503.9 | 1.4% | ||||||
Electricity consumption | KWH | 6,682,151 | 8,163,172 | -18.1% | ||||||
Fuel | Liters | 445,752 | 463,792 | -3.9% | ||||||
Water usage | Liters - Mn | 111.5 | 113.8 | -2.0% | ||||||
Firewood | MT | 3,116.0 | 3,098.1 | -0.6% | ||||||
Soil conservation | Rs. Mn | 22.6 | 17.1 | 32.2% | ||||||
CROUP
fi0fi5 | fi0fi4 | fi0fi3 | fi0fifi | |
ASSETS | ||||
Non-current assets | ||||
Right-of-use assets | 3&8,097 | 318,420 | 214,669 | 208,733 |
Immovable estate assets | 5,l87 | 10,297 | 15,407 | 20,517 |
Property, plant and equipment other than bearer plants | l,4lfi,574 | 1,455,215 | 1,482,686 | 1,436,965 |
Bearer plants | l,5&7,80& | 1,360,012 | 1,138,186 | 798,506 |
Biological assets - consumable | fi,300,44& | 2,250,472 | 2,047,687 | 1,627,587 |
Investment in subsidiary at fair value through other comprehensive income | - | - | - | - |
Equity investments at fair value through other comprehensive income | fi&,543 | 27,403 | 18,428 | 22,044 |
Long term investment | - | - | - | 261,916 |
Total non-current assets | 5,680,653 | 5,421,819 | 4,917,063 | 4,376,268 |
Current assets | ||||||||
Inventories | 30,3fi4 | 20,038 | 832,524 | 452,925 | ||||
Biological assets-produce crops on bearer plants | &09,l53 | 632,889 | 23,656 | 17,382 | ||||
Trade and other receivables | fil3,008 | 244,663 | 369,150 | 241,031 | ||||
Amounts due from related companies | fi&3 | 957 | 313,469 | 59,331 | ||||
Short term investment in financial assets | l,ll3,085 | 600,489 | 463,386 | 153,911 | ||||
Cash and cash equivalents | 53&,3ll | 504,453 | 186,283 | 254,488 | ||||
Total current assets | 2,502,144 | 2,003,489 | 2,188,468 | 1,179,068 | ||||
Total assets | 8,182,797 | 7,425,308 | 7,105,531 | 5,555,336 | ||||
EQUITY AND LIABILITIES | ||||||||
Capital and reserves | ||||||||
Stated Capital | l,803,400 | 1,803,400 | 1,803,400 | 1,803,400 |
Reserve on rearrangement | ||||
Reserve on equity investments at FVOCI | l5,780 | 16,640 | 7,665 | 11,281 |
Retained earnings | 3,fil9,803 | 2,838,275 | 2,695,890 | 1,432,546 |
Equity attributable to equity holders of the parent | 5,038,983 | 4,658,315 | 4,506,955 | 3,247,227 |
Non-controlling interests | 14,993 | 16,082 | 18,536 | 20,298 |
Total equity | 5,053,976 | 4,674,397 | 4,525,491 | 3,267,525 |
Non-current liabilities
Borrowings | &4,3l3 | 115,762 | 175,393 | 309,337 |
Lease liability | 4fi9,408 | 364,097 | 246,734 | 232,112 |
Retirement benefit obligation | 840,l7& | 884,131 | 824,909 | 768,409 |
Deferred capital grants | 95,989 | 102,490 | 110,638 | 112,878 |
Deferred tax liability | 599,49fi | 518,721 | 350,269 | 100,029 |
Total non-current liabilities | 2,029,378 | 1,985,201 | 1,707,943 | 1,522,765 |
Current liabilities | ||||||||
Borrowings | l&l,559 | 59,631 | 238,605 | 371,430 | ||||
Lease liability | 4,487 | 4,424 | 2,817 | 2,353 | ||||
Trade and other payables | 809,933 | 658,458 | 593,177 | 376,549 | ||||
Current income tax liability | lfi3,4&4 | 43,197 | 37,498 | 14,714 | ||||
Total current liabilities | 1,099,443 | 765,710 | 872,097 | 765,046 | ||||
Total liabilities | 3,128,821 | 2,750,911 | 2,580,040 | 2,287,811 | ||||
Total equity and liabilities | 8,182,797 | 7,425,308 | 7,105,531 | 5,555,336 | ||||
** Restated - Statement of Financial Position | ||||||||
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