Haycarb PlcCSELK: HAYC.N0000

Interim Financial Statements as at 31/12/2024

Feb 6, 2025 at 1:01 PM UTC · Issued by Haycarb Plc

Haycarb PLC

STATEMENT OF PROFIT OR LOSS

Audited			Unaudited		Unaudited			Unaudited		Unaudited
year ended			Nine months ended			Three months to
31.03.2024				31.12.2024	31.12.2023		Change	31.12.2024	31.12.2023		Change
Rs.'000			Rs.'000		Rs.'000	%		Rs.'000		Rs.'000	%
		CONSOLIDATED					+/(-)						+/(-)
43,179,205		Revenue	31,434,487	32,307,132		(3)		10,868,343	10,700,624		2
(29,910,375)	Cost of sales		(22,588,641)		(22,781,264)	(1)		(7,585,805)		(7,157,673)	6
13,268,830		Gross profit	8,845,846	9,525,868		(7)		3,282,538	3,542,951		(7)
178,045		Other operating income	244,037	125,250		95		123,238	42,330		191
(367,249)	Selling and distribution expenses	(303,246)	(305,886)	(1)		(105,089)	(74,045)	42
(6,558,529)	Administrative expenses		(4,674,545)		(4,670,937)	0		(1,619,766)		(1,569,332)	3
6,521,097		Results from operating activities	4,112,092	4,674,295		(12)		1,680,921	1,941,904		(13)
1,392,835		Finance income	672,250	1,096,970		(39)		140,339	434,842		(68)
(1,791,852)	Finance cost	(957,712)	(1,203,743)	(20)		(307,323)	(395,430)	(22)
(399,017) Net finance income/ (cost)	(285,462)	(106,773)	167		(166,984)	39,412		(524)
(8,826)	Share of profit of equity accounted investees (net of tax)		554		(11,333)	(105)		1,148		(4,647)	(125)
6,113,254		Profit before income tax	3,827,184	4,556,189		(16)		1,515,085	1,976,669		(23)
(1,807,625)	Tax expense		(1,077,369)		(1,269,341)	(15)		(406,422)		(520,316)	(22)
4,305,629		Profit for the period		2,749,815		3,286,848		(16)		1,108,663		1,456,353		(24)
		Attributable to:
3,743,929		Equity holders of the parent	2,245,986	2,870,262		(22)		831,709	1,279,980		(35)
561,700		Non-controlling interest	503,829	416,586		21		276,954	176,373		57
4,305,629		Profit for the period		2,749,815		3,286,848		(16)		1,108,663		1,456,353		(24)

		Earnings per share
12.60		Basic earnings per share (Rs.)	7.56	9.66				2.80	4.31
		COMPANY
20,684,291		Revenue	17,107,236	14,947,696		14		5,786,544	5,234,058		11
(15,009,748)	Cost of sales		(13,288,654)		(10,996,034)	21		(4,565,944)		(3,727,736)	22
5,674,543		Gross profit	3,818,582	3,951,662		(3)		1,220,600	1,506,322		(19)
1,405,202		Other operating income	271,773	933,501		(71)		194,053	283,010		(31)
(133,186)	Selling and distribution expenses	(97,235)	(90,700)	7		(18,161)	(21,993)	(17)
(3,066,987)	Administrative expenses		(2,138,477)		(2,122,458)	1		(828,430)		(769,731)	8
3,879,572		Results from operating activities	1,854,643	2,672,005		(31)		568,062	997,608		(43)
829,913		Finance income	447,428	655,705		(32)		104,152	162,617		(36)
(910,418)	Finance cost	(584,038)	(500,564)	17		(229,742)	(80,565)	185
(80,505)	Net finance income /(cost)		(136,610)		155,141		(188)		(125,590)		82,052		(253)
3,799,067		Profit before income tax	1,718,033	2,827,146		(39)		442,472	1,079,660		(59)
(818,793)	Tax expense	(446,231)	(559,091)	(20)		(80,412)	(238,798)	(66)
2,980,274		Profit for the period		1,271,802		2,268,055		(44)		362,060		840,862		(57)

10.03		Basic earnings per share (Rs.)	4.28	7.63				1.22	2.83
6.00		Dividend per share (Rs.)	2.20	5.00

Notes on pages 6 and 7 form an integral part of these financial statements.

Figures in brackets indicate deductions.

Page 1

Haycarb PLC

STATEMENT OF OTHER COMPREHENSIVE INCOME

Audited					Unaudited	Unaudited	Unaudited	Unaudited
year ended					Nine months ended	Three months to
31.03.2024		CONSOLIDATED			31.12.2024	31.12.2023				31.12.2024	31.12.2023
Rs. '000			Notes	Rs. '000	Rs. '000	Rs. '000	Rs. '000
4,305,629		Profit for the Period			2,749,815	3,286,848				1,108,663	1,456,353
		Other comprehensive income

(1,575,017)	Net Exchange differences on translation of foreign operations			(100,790)	(273,769)			(850,135)	450,417
109,856		Net gain on equity investments designated at fair value through OCI			980,567	8,137				679,480	(187,163)
(239,962)	Actuarial gains and (losses) on defined benefit obligations	26		-	-				-	-
71,667		Tax effect on other comprehensive income			-	-				-	-

(1,633,456)	Other comprehensive income for the period (net of tax)			879,777	(265,632)			(170,655)	263,254

2,672,173		Total comprehensive income for the period (net of tax)			3,629,592	3,021,216				938,008	1,719,607
		Attributable to:

2,545,984		Equity holders of the parent			3,061,096	2,667,013				887,873	1,379,971
126,189		Non-controlling interests			568,496	354,203				50,136	339,636
2,672,173						3,629,592	3,021,216				938,008	1,719,607

Audited					Unaudited	Unaudited	Unaudited	Unaudited
year ended					Nine months ended	Three months to
31.03.2024		COMPANY			31.12.2024	31.12.2023				31.12.2024	31.12.2023
Rs. '000					Rs. '000	Rs. '000	Rs. '000	Rs. '000
2,980,274		Profit for the Period			1,271,802	2,268,055				362,060	840,862
		Other comprehensive income
109,856		Net gain/(loss) on equity investments designated at fair value through OCI			980,567	8,137				679,480	(187,163)
(237,100)	Actuarial gains and (losses) on defined benefit obligations			-	-				-	-
71,130		Tax effect on other comprehensive income			-	-				-	-
											-	-
(56,114)	Other comprehensive income for the period (net of tax)			980,567	8,137				679,480	(187,163)

2,924,160		Total comprehensive income for the period (net of tax)			2,252,369	2,276,192				1,041,540	653,699
		Attributable to:

2,924,160		Equity holders of the parent			2,252,369	2,276,192				1,041,540	653,699

2,924,160						2,252,369	2,276,192				1,041,540	653,699

Page 2

Haycarb PLC					-	-		-	-
STATEMENT OF FINANCIAL POSITION
	Consolidated		Company			Consolidated			Company
	Audited		Audited			Unaudited		Unaudited		Unaudited		Unaudited
31.03.2024	31.03.2024	As at		31.12.2024	31.12.2023		31.12.2024	31.12.2023
	Rs.'000		Rs.'000		Note	Rs.'000		Rs.'000		Rs.'000		Rs.'000
				ASSETS
				Non-Current Assets
10,838,262	5,261,582	Property, plant and equipment		11,756,161	10,677,861		5,628,695	4,598,662
490,940	259,905	Right-of-use assets		1,496,170	224,366		204,559	28,921
347,380	121,796	Intangible assets		380,175	280,210		105,006	78,168
-	1,094,769	Investments in subsidiaries		-	-		1,097,792	1,094,770
583,927	92,903	Investments in equity accounted investees		584,482	581,421		92,903	92,903
1,285,225	1,237,388	Non-current financial assets		2,266,984	1,190,311		2,217,957	1,135,670
	239,963		-	Deferred tax assets		237,003		237,728			-		-
13,785,697	8,068,343			16,720,975	13,191,897		9,346,912	7,029,094
				Current Assets
11,506,658	4,470,465	Inventories		13,999,502	11,920,487		4,784,038	4,125,532
6,711,349	4,651,326	Trade and other receivables		7,796,737	6,376,288		6,414,032	4,316,733
-	989,239	Amounts due from subsidiaries		-	-		221,824	677,835
47,870	18,372	Amounts due from other related parties		48,505	72,812		26,710	24,276
127,165	567	Amounts due from equity accounted investees		82,934	116,870		792	313
1,313,385	480,469	Other current assets		1,398,605	857,564		631,588	324,214
	6,722,126		3,679,709	Cash in hand and at bank		4,516,870		6,948,651			1,861,421		3,610,686
26,428,553	14,290,147			27,843,153	26,292,672		13,940,405	13,079,589
	40,214,250		22,358,490	Total Assets		44,564,128		39,484,569			23,287,317		20,108,683
				EQUITY & LIABILITIES

				Equity
331,774	331,774	Stated capital	1	331,774	331,774		331,774	331,774
891,290	520,097	Capital reserves		891,290	891,290		520,097	520,097
	21,681,998		13,008,591	Revenue reserves		24,095,604		22,100,152			14,613,471		12,657,748
22,905,062	13,860,462	Total equity attributable to equity holders of the company		25,318,668	23,323,216		15,465,342	13,509,619
	2,792,786		-	Non-controlling interest		3,361,282		3,342,374			-		-
25,697,848	13,860,462	Total equity		28,679,950	26,665,590		15,465,342	13,509,619
				Non-Current Liabilities
253,719	66,111	Interest-bearing loans and borrowings		478,911	353,309		408,098	125,556
416,518	218,763	Non-current lease liability		1,398,033	183,583		180,851	13,379
192,185	125,541	Deferred tax liabilities		97,002	233,452		13,630	147,774
	1,737,269		1,351,969	Employee benefit obligations		1,883,065		1,371,666			1,472,169		1,023,815
2,599,691	1,762,384	Total non-current liabilities		3,857,011	2,142,010		2,074,748	1,310,524
				Current Liabilities
4,203,895	2,771,646	Trade and other payables		3,552,793	4,168,620		2,053,528	2,581,278
4,122,052	2,581,968	Interest-bearing loans and borrowings		4,949,407	3,376,197		2,649,521	1,671,009
85,960	41,507	Current portion of lease liability		130,417	53,932		31,548	17,850
393,561	56,980	Other current liabilities		524,212	566,170		71,685	160,304
-	81,604	Amounts due to subsidiaries		-	-		241,540	69,207
2,379,820	817,434	Amounts due to other related parties		2,444,552	1,987,544		656,350	521,776
	731,423		384,505	Income tax payable		425,786		524,506			43,055		267,116
	11,916,711		6,735,644	Total Current Liabilities		12,027,167		10,676,969			5,747,227		5,288,540
14,516,402	8,498,028	Total Liabilities		15,884,178	12,818,979		7,821,975	6,599,064
	40,214,250		22,358,490	Total Equity and Liabilities		44,564,128		39,484,569			23,287,317		20,108,683

77.09	46.65	Net assets per share ( Rs.)		85.21	78.50		52.05	45.47
"It is certified that the financial statements set out on pages 2 to 8 have been prepared in compliance with the requirements of the
Companies Act No. 07 of 2007".
-	-			-	-		-	-
-	-	sgd.		-	-		-	-
				……………………….
				Ms. M J A S Abeyratne
				Finance Director
				Signed for and on behalf of the Board,
				sgd.				sgd.
				……………………….				…………………….
				A M Pandithage				H S R Kariyawasan
				Chairman				Managing Director
				6th February 2025

Page 3

Haycarb PLC

STATEMENT OF CHANGES IN EQUITY

For the Nine months ended 31st December

		Attributable to equity holders of the parent
				Revenue Reserves
	Stated	Capital	Fair value reserve	Foreign Currency	General	Retained		Non	Total
	capital	reserves	of financial	fluctuation	reserve	earnings	Total	controlling	equity
			assets at FVOCI	reserve				interest
GROUP	Rs. '000	Rs. '000	Rs. '000	Rs. '000	Rs. '000	Rs. '000	Rs. '000	Rs. '000	Rs. '000
Balance as at 01.04.2023	331,774	891,290	1,086,871	4,687,634	519,353	14,624,899	22,141,821	3,070,745	25,212,566
Profit for the year	-	-	-	-	-	2,870,262	2,870,262	416,586	3,286,848
Translation of foreign operations	-	-	-	(211,386)	-	-	(211,386)	(62,383)	(273,769)
Net loss on equity instruments designated as FVOCI	-	-	8,137	-	-	-	8,137	-	8,137

Other comprehensive income for the year	-	-	8,137	(211,386)	-	-	(203,249)	(62,383)	(265,632)
Dividends to equity holders	-	-	-	-	-	(1,485,618)	(1,485,618)	(82,574)	(1,568,192)

Balance as at 31.12.2023	331,774	891,290	1,095,008	4,476,248	519,353	16,009,543	23,323,216	3,342,374	26,665,590

Balance as at 01.04.2024	331,774	891,290	1,196,727	3,544,204	519,353	16,421,714	22,905,062	2,792,786	25,697,848
Profit for the year	-	-	-	-	-	2,245,986	2,245,986	503,829	2,749,815
Translation of foreign operations	-	-	-	(165,457)	-	-	(165,457)	64,667	(100,790)
Net gain on equity instruments designated as FVOCI	-	-	980,567	-	-	-	980,567	-	980,567
Other comprehensive income for the year	-	-	980,567	(165,457)	-	-	815,110	64,667	879,777
Dividends to equity holders	-	-	-	-	-	(653,672)	(653,672)	-	(653,672)
Recovery for the period	-	-	-	-	-	6,183	6,183	-	6,183
Balance as at 31.12.2024	331,774	891,290	2,177,294	3,378,747	519,353	18,020,211	25,318,669	3,361,282	28,679,951

				Stated	Capital	General	Fair value reserve	Retained	.
				capital	reserves	reserve	of financial	earnings	equity
							assets at
							FVOCI
COMPANY				Rs. '000	Rs. '000	Rs. '000	Rs. '000	Rs. '000	Rs. '000
Balance as at 01.04.2023				331,774	520,097	519,353	1,086,871	10,260,950	12,719,045
Profit for the year				-	-	-	-	2,268,055	2,268,055
Net gain on equity instruments designated as FVOCI				-	-	-	8,137	-	8,137

Other comprehensive income for the year				-	-	-	8,137	-	8,137
Dividends to equity holders				-	-	-	-	(1,485,618)	(1,485,618)

Balance as at 31.12.2023				331,774	520,097	519,353	1,095,008	11,043,387	13,509,619

Balance as at 01.04.2024				331,774	520,097	519,353	1,196,727	11,292,511	13,860,462
Profit for the year				-	-	-	-	1,271,802	1,271,802
Net gain on equity instruments designated as FVOCI				-	-	-	980,567	-	980,567
Other comprehensive income for the year				-	-	-	980,567	-	980,567
Dividends to equity holders				-	-	-	-	(653,672)	(653,672)
Recovery for the period								6,183	6,183
Balance as at 31.12.2024				331,774	520,097	519,353	2,177,294	11,916,824	15,465,342

Page 4

Haycarb PLC

Statement Of Cash Flows

(0)	(0)	0	(0)	0	(0)
Consilidated	Company	0	(0)	0	(0)

Audited	Audited	Consolidated	Company
Year ended	Year ended	Unaudited	Unaudited	Unaudited	Unaudited

31.03.2024		31.03.2024 For the Nine months ended 31st December	2024	2023	2024	2023
Rs.' 000		Rs.' 000		Rs.' 000		Rs.' 000		Rs.' 000		Rs.' 000

Operating activities

6,113,254

979,353

22,502

9,057

(387,333)

(965,476)

(1,392,836)

1,791,853

8,826

3,303

(355,126)

5,255

361,173

6,193,805

97,433

30,984

2,831,933

364,688

542,754

10,061,597

(570,993)

(1,575,434)

(38,336)

7,876,834

9,916

(2,134,787)

(80,483)

850

410,268

93,613

(1,700,623)

6,176,211

636,120

(419,702)

(120,212)

(1,466,415)

(404,148)

(1,774,357)

4,401,854

(1,546,029)

2,855,825

2,751,328

3,970,798

6,722,126

(3,866,301)

2,855,825

3,799,067	Profit before tax from continuing operations	3,827,184	4,556,189	1,718,033	2,827,146
	Adjustments for:
341,811	Depreciation and impairment of property, plant, equipment and right of use assets	798,410	732,866	281,758	250,167
21,962	Amortisation of intangible assets	18,591	16,491	16,790	16,353
13,803	(Gain)/loss on disposal of property, plant and equipment	(1,995)	12,291	(6,536)	13,802
(300,593)	Gain/(loss) on translation on foreign currencies	(171,450)	(28,786)	(171,760)	(6,712)
-	Exchange difference on translation of foreign entities	(141,654)	(139,902)	-	-
(829,913)	Finance income	(672,250)	(1,096,970)	(447,428)	(655,705)
910,418	Finance cost	957,712	1,203,743	584,038	500,564
(1,198,812)	Dividend income - subsidiaries	-	-	(115,047)	(759,960)
-	Share of profit of an equity accounted investee	(554)	11,333	-	-
46,390	Provision/(reversal) for slow moving inventory	(200,675)	20,933	35,105	19,556
-	Write off of inventory	233,409	-	-	-
-	Provision / (reversal) for unrealized profit on inventories	190,069	32,763	-	-
-	Provision / (reversal) for expected credit loss	546	3,934	-	-
233,997	Provision for employee benefit obligations	248,078		175,986		207,000		135,000
3,038,130	Cash generated from operations before working capital changes	5,085,421	5,500,871	2,101,953	2,340,211
	Working Capital Adjustments:
(449,690)	(Increase)/decrease in trade and other receivables and Prepayments	(1,173,282)	862,172	(1,897,687)	13,695
(332,407)	(Increase)/decrease in amounts receivable from subsidiaries and related parties	43,596	16,337	758,852	(26,653)
589,710	(Increase)/decrease in inventories	(2,715,647)	2,012,586	(348,678)	961,477
701,784	Increase/(decrease) in trade and other payables	(360,953)	415,277	(543,915)	527,995
514,262	Increase/(decrease) in amount due to related parties	106,714		(50,773)		40,834		4,956
4,061,789		985,849	8,756,470	111,359	3,821,681
(228,823)	Interest paid	(355,436)	(410,516)	(146,148)	(186,419)
(560,426)	Income tax paid	(1,468,441)	(1,267,382)	(899,592)	(439,547)
(22,456)	Employee benefit paid	(90,282)		(14,513)		(86,800)		(14,513)
3,250,084	Net cash flows from/ (used in) operating activities	(928,310)	7,064,059	(1,021,181)	3,181,202
	Investing activities
-	Proceeds from sale of property, plant and equipment	23,057	1,569	87,872	-
(1,215,298)	Purchase of property, plant and equipment	(1,606,931)	(1,268,566)	(709,285)	(470,407)
-	Investment in subsidiary Shares	-	-	(3,023)	-
(56,539)	Acquisition of intangible assets	(51,386)	(7,302)	-	(7,302)
-	Proceeds from long-term loans and receivables	661	1,272	-	-
352,075	Interest received	192,156	244,318	129,773	265,002
1,292,420	Other dividends received	45,931		83,440		160,974		843,396
372,658	Net cash flows from/(used) in investing activities	(1,396,512)		(945,269)		(333,689)		630,689
3,622,742	Net cash inflow/(outflow) before financing activities	(2,324,822)	6,118,790	(1,354,870)	3,811,891
	Financing activities
170,000	Loans obtained during the year	746,496	625,000	746,496	170,000
(290,241)	Repayment of borrowings	(299,456)	(217,629)	(181,799)	(138,518)
(45,992)	Lease rental paid	(108,742)	(92,551)	(49,412)	(33,566)
(1,466,415)	Dividends paid to equity holders of the parent	(848,969)	(881,294)	(848,969)	(881,294)
-	Dividends paid to non-controlling interest	-		(82,574)		-		-
(1,632,648)	Net cash flows from /(used in) financing activities	(510,671)		(649,048)		(333,684)		(883,378)
1,990,094	Net increase/(decrease) in cash and cash equivalents	(2,835,493)	5,469,742	(1,688,554)	2,928,514
(790,704)	Cash and cash equivalents at beginning of the period	2,855,825		(1,546,029)		1,199,390		(790,704)
1,199,390	Cash and cash equivalents at end of the period (Note A)	20,332	3,923,713	(489,164)	2,137,810
	Analysis of cash and cash equivalents as at 31st December
995,630	A) Cash in hand and at bank	1,903,042	4,221,085	548,571	1,153,848
2,684,079	Short-term deposits	2,613,828		2,727,566		1,312,850	2,456,838
3,679,709		4,516,870	6,948,651	1,861,421	3,610,686
(2,480,319)	Bank overdrafts and short-term loans	(4,496,538)	(3,024,938)	(2,350,585)	(1,472,876)
1,199,390	Cash and cash equivalents	20,332		3,923,713		(489,164)		2,137,810

Page 5

Haycarb PLC

SEGMENT ANALYSIS

BUSINESS SEGMENTS
Turnover-Net					Group
	External		Intra-group	31.12.2024			31.12.2023
	Rs.'000		Rs.'000		Rs.'000	Rs.'000
Activated carbon	30,314,367	13,321,496	43,635,863			42,697,749
Environmental engineering	1,120,120		144,944		1,265,064			1,234,334
	31,434,487	13,466,440	44,900,927			43,932,083
Intra-group sales				(13,466,440)			(11,624,951)

				31,434,487			32,307,132
Industry segment results
Profit before tax					Group
				31.12.2024			31.12.2023
					Rs.'000	Rs.'000
Activated carbon				3,786,940			4,533,431
Environmental engineering				39,690			34,091
Purification associate				(1,996)			(11,462)
Leisure - associate				2,550			129
					3,827,184			4,556,189

INVESTOR INFORMATION

Nine months ended

31.12.202431.12.2023

Market value of shares

Three months ended

31.12.202431.12.2023

Last traded price	85.10	64.20	85.10	64.20
	(31/12/2024)	(29/12/2023)	(31/12/2024)	(29/12/2023)
Highest price recorded for the period (Rs.)	87.60	76.50	87.60	69.00
	(26/12/2024)	(20/07/2023)	(26/12/2024)	(03/10/2023)
Lowest price recorded for the period (Rs.)	70.10	51.80	76.30	61.80
	(19/04/2024)	(30/05/2023)	(28/10/2024)	(07/12/2023)
Market capitalisation (Rs.)	25,285,231,125	19,075,344,750	25,285,231,125	19,075,344,750
P/E ratio	8.44	4.98

Dividend declared

1st interim dividend 2024/25 - Rs. 0.60/- per share (Final dividend 2022/23 - Rs. 1.00/- P/S) 2nd Interim dividend - Rs. 1.10/- per share (1st interim Dividend 2023/24 - Rs. 2.00/- P/S) 3rd Interim dividend - Rs. 0.50/- (2nd Interim dividend 2022/23 - Rs. 2.00/- P/S)

Total for the Period

178,274,250 297,123,750

326,836,125 594,247,500

148,561,875 594,247,500

653,672,250 1,485,618,750

Share trading information

No. of transactions

No. of shares traded

Value of shares traded (Rs.)

Nine months ended

31.12.202431.12.2023

7,90412,150

10,972,40812,484,215

866,885,161 849,521,625

Page 6

Three months ended

31.12.202431.12.2023

6,2312,723

10,414,8931,958,812

847,947,932 127,310,666

Haycarb PLC

Notes

As at 31st December	2024	2023
	Rs.'000		Rs.'000
1. Stated capital

Issued and fully paid - 297,123,750 ( 297,123,750 - 31.12.2023) Ordinary shares	331,774		331,774

The interim condensed consolidated financial statements for the Nine months ended 31st December 2024 have been prepared in accordence with LKAS 34 Interim Financial Reporting. The financial statements for the period ended 31st December 2024, includes "the Company" referring Haycarb PLC, as the holding company and "the Group" referring to the companies whose accounts have been consolidated therein The interim condensed consolidated financial statements do not include all the information and disclosures required in the annual financial statements, and should be read in conjunction with the Group's annual consolidated financial statements as at 31 March 2024.
No circumstances have arisen since the Statement of Financial Position date, which would require adjustments or disclosure to the Interim Financial statements.
There has not been a significant change in the nature of the contingent liabilities which are disclosed in the Annual Report for the year ended 31st March 2024.

Page 7

HAYCARB PLC

First Twenty Shareholders as at 31st December, 2024

	Name of the Shareholder	No. of Shares	%

1	Hayleys PLC No. 3 Share Investment Account	201,251,030	67.73
2	Employee's Provident Fund	13,230,763	4.45
3	Mr. T. Ueda	5,000,200	1.68
4	Dr. D. Jayanntha	4,525,000	1.52
5	Mr. H.S.R. Kariyawasan/Mrs. K.H.S. Kariyawasan	3,179,671	1.07
6	Mrs. J.K.P. Singh	1,728,586	0.58
7	Mr. S. Rameshan	1,649,680	0.56
8	Employees Trust Fund Board	1,607,076	0.54
9	Mr. Z.G. Carimjee	1,350,000	0.45
10	Mr. R.C.D.De Silva	1,300,000	0.44
11	Mr. H.S. Gill	1,230,000	0.41
12	DFCC Bank PLC A/c 1	1,000,000	0.34
13	Mrs. S. Vasudevan Saraswathi/Mr. S. Vasudevan	1,000,000	0.34
14	GF Capital Globel Limited	886,100	0.3
15	Miss. M. P. Radhakrishnan	830,443	0.28
16	Miss A. Radhakrishnan	788,691	0.27
17	Mr. A. A. Thakshann	710,780	0.24
18	Mr. R. Maheswaran (Deceased)	700,010	0.24
19	Mr. W.K.G.N. Perera	700,000	0.24
20	Harnam Holdings SDN BHD	674,929	0.23
	SUB TOTAL	243,342,959	81.9
	OTHERS	53,780,791	18.1
	TOTAL	297,123,750	100

	Name of the Director	No. of Shares
	Mr. A.M. Pandithage	23,790
	Mr. H.S.R. Kariyawasan*	3,179,671
	Mr. B. Balaratnarajah	30,040
	Mr. S.C. Ganegoda	73,150
	Mr. A.M. Senaratna	-
	Mrs. M.J.A.S. Abeyratne	-
	Mr. M.S.P. Udaya Kumara	4,620
	Mr. A.A.M. Caderbhoy	-
	Mrs. H.M.N.S. Gunawardana	-
	Ms. K.A.D.B. Perera	-
	Mrs. A.I. Wanigasekera	-
	Mr. M.N.R. Fernando	-
	Mr. P.Y.S. Perera	2,500
	Mr. T A B Speldewinde (Appointed on 22-11-2024)	-
	Mr. J.D. Naylor (Resigned on 31-01-2024)	-
	Mr. H. Jamaldeen (Resigned on 14-11-2024)	-
	* Shares held jointly with Mrs. K. H. S. Kariyawasan

	Percentage of public holding as at 31.12.2024 (%)	31.15
	Total No. of Shareholders representing the public holding	6,947
	Market capitalization (Rs.)	25,344,655,875
	Float adjusted market capitalization (Rs.)	7,895,278,349.70

The Company complies with option 2 of the Listing Rules 7.13.1 (i) (a) - which requires 5% Public Holding.

Page 8

Corporate Information

NAME OF COMPANY	NOMINATIONS AND GOVERNANCE COMMITTEE
Haycarb PLC
(A quoted public company with limited liability, incorporated in Sri Lanka in 1973)	Mr. Yohan Perera, Independent Non-Executive Director - Chairman
	Mr. Nanda Fernando, Independent Non-Executive Director - Member
COMPANY NUMBER	Mr. Sarath Ganegoda, Non-Executive Director -Member
PQ 59
STOCK EXCHANGE LISTING
The ordinary shares of the company are listed	RELATED PARTY TRANSACTIONS REVIEW COMMITTEE
with the Colombo Stock Exchange	Mr. Yohan Perera, Independent Non-Executive Director- Chairman
of Sri Lanka	Mr. Nanda Fernando, Independent Non-Executive Director - Member
	Mr. Sarath Ganegoda, Non-Executive Director - Member
REGISTERED OFFICE
400, Deans Road, Colombo 10, Sri Lanka.
Telephone: +94 11 2677364, 2687565, 2691289, 2677363	SUBSIDIARIES AND ASSOCIATES
Fax: +94 11 2627450	Carbokarn Co. Limited (Bangkok, Thailand)
E - mail : general@haycarb.com	CK Regen Systems Co. Limited (Bangkok, Thailand)
Website:http://www.haycarb.com	Shizuka Company Limited (Ratchaburi, Thailand)
	Eurocarb Products Limited (Bristol, England)
DIRECTORS	Haycarb Holdings Australia (Pty) Limited (Victoria, Australia)
Mohan Pandithage (Chairman)	Haycarb Holdings Bitung Limited (Tortola, British Virgin Islands)
Rajitha Kariyawasan (Managing Director)	Haycarb USA Inc. (Woodlands, Texas, U.S.A)
Brahman Balaratnarajah (Deputy Managing Director)	PT Mapalus Makawanua Charcoal Industry (Bitung, Indonesia)
Arjun Senaratna	Puritas (Pvt) Limited
Sarath Ganegoda	Recogen (Pvt) Limited
Ms. Jeevani Abeyratne	Ultracarb (Pvt) Limited
M.S.P. Udaya Kumara	PT. Haycarb Palu Mitra (Palu, Indonesia)
Ali Asgar Munaver Caderbhoy	Puricarb Pte.Ltd. (Singapore)
Ms. Shamalie Gunawardana	Haycarb Activated Carbon (Pvt) Limited (Chennai,India)
Ms. Brindhiini Perera	Haycarb Philippines Corporation (Manila, Philippines)
Ms. Anomi Wanigasekera	Haycarb Singapore Pte.Ltd. (Singapore)
Nanda Fernando	Carbotels (Pvt) Limited - Associate
Yohan Perera (appointed on 1st April 2024)	Lakdiyatha (Pvt) Limited - Associate
Timothy Speldewinde (appointed on 22nd November 2024)
Sujeewa Rajapakse (resigned on 1st April 2024)
Hisham Jamaldeen (resigned on 14th November 2024)
James Naylor (resigned on 31st January 2025)
	SECRETARIES
AUDIT COMMITTEE	Hayleys Group Services (Pvt) Limited
Mr. Yohan Perera, Independent Non-Executive Director- Chairman	400, Deans Road, Colombo 10, Sri Lanka.
Mr. Nanda Fernando, Independent Non-Executive Director - Member	Telephone +94 11 2627650
Mr. Arjun Senaratne, Non Executive - Member	Fax: +94 11 2627645
Mr. Timothy Speldewinde - Member (appointed on 22nd November 2024)	E-mail: info.sec@hayleys.com
REMUNERATION COMMITTEE
Mr. Yohan Perera, Independent Non-Executive Director - Chairman
Mr. Nanda Fernando, Independent Non-Executive Director - Member
Mr. Sarath Ganegoda, Non-Executive Director - Member

Page 9

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