Hayleys Leisure PlcCSELK: CONN.N0000

Interim Financial Statements as at 30.09.2025

· Issued by Hayleys Leisure Plc
‌HAYLEYS LEISURE PLC Interim Financial Statements

For the Period Ended

30th September 2025

.

‌PROVISIONAL FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30TH SEPTEMBER 2025

STATEMENT OF FINANCIAL POSITION

GROUP COMPANY GROUP COMPANY

Audited

Year ended

31-03-2025

Audited

Year ended

31-03-2025

Un Audited

30-09-2025

Un Audited

30-09-2024

Un Audited

30-09-2025

Un Audited

30-09-2024

Rs' 000 Rs' 000 Rs' 000 Rs' 000 Rs' 000 Rs' 000 ASSETS

4,475,992

23,470

15,040

-

-

1,237,519

-

-

4,491,032

1,260,989

NON-CURRENT ASSETS

Property, Plant & Equipment

Right of Use Assets

Investments in Subsidiaries

Other Non-Current Financial Assets

4,450,201

4,449,566

11,984

22,360

-

-

-

265,877

4,462,185

4,737,803

23,784

21,886

-

-

1,237,519

1,237,519

-

265,877

1,261,303

1,525,282

CURRENT ASSETS

89,763

-

1,105,337

2,006,575

71,539

6,658

2,220

2,220

4,142

-

2,705

2,705

110,547

10,962

1,386,253

2,029,120

Inventories

Trade and Other Receivables

Advance and Prepayment

Other Current Financial Assets

Tax Recoverable

Short Term Deposits

Cash & Cash Equivalents

91,051

95,060

1,128,147

699,012

77,014

78,647

3,240

2,155

4,218

4,220

2,807

2,591

164,085

172,710

1,470,562

1,054,395

-

-

2,174,429

1,323,684

2,395

3,145

3,240

2,155

-

-

2,807

2,591

24,545

3,362

2,207,416

1,334,937

5,877,285 3,290,109 TOTAL ASSETS 5,932,747 5,792,198 3,468,719 2,860,219

909,371

909,371

469,694

-

122,738

135,832

1,501,803

1,045,203

(167,280)

-

1,334,523

1,045,203

909,371

909,371

469,694

469,694

271,169

(3,393)

1,650,234

1,375,672

(148,854)

(159,183)

1,501,380

1,216,489

909,371

909,371

-

-

137,987

106,156

1,047,358

1,015,527

-

-

1,047,358

1,015,527

EQUITY AND LIABILITIES

CAPITAL AND RESERVES

Stated Capital

Revaluation Reserves

Retained Earnings

Non-Controlling Interest

Total Equity

NON-CURRENT LIABILITIES

1,031,608

-

836,594

825,049

373,488

-

77,028

8,490

2,318,718

833,539

Interest Bearing Borrowings

Trade and Other Payables

Deferred Tax Liabilities

Retirement Benefit Obligations

775,883

1,288,609

1,020,144

-

400,241

296,917

82,260

68,241

2,278,528

1,653,767

-

-

1,012,587

-

-

-

9,391

7,762

1,021,978

7,762

CURRENT LIABILITIES

Interest Bearing Borrowings

Trade and Other Payables

Other Current Non-Financial Liabilities

Bank Overdraft

453,032

-

906,641

1,071,798

175,377

47,350

688,994

292,219

2,224,044

1,411,367

5,877,285

3,290,109

466,133

508,142

926,425

1,514,488

191,185

211,091

569,096

688,221

2,152,839

2,921,942

5,932,747

5,792,198

-

-

1,067,343

1,501,261

46,904

67,539

285,136

268,130

1,399,383

1,836,930

3,468,719

2,860,219

TOTAL EQUITY AND LIABILITIES

13.91 9.68 Net Assets Value per Share (Rs.) 15.28 12.74 9.70 9.40

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

Signed.

Piyal Senadeera

Chief Financial Officer

The Board of Directors is responsible for the preparation and presentation of these Financial Statements.

Signed for and on behalf of the Board of Directors;

Signed.

A.M. Pandithage

Chairman

Signed.

T.M. Hewagama

Director

30 October 2025

Colombo

31,220

-

10,595

-

41,815

‌PROVISIONAL FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30TH SEPTEMBER 2025 CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND COMPREHENSIVE INCOME

Audited

Year ended

31-03-2025

Rs' 000

Quarter ended

30th September

Un Audited

Un Audited

2025

2024

Rs '000

Rs '000

Change

%

Period ended

30th September

Un Audited

Un Audited

2025

2024

Rs '000

Rs '000

Change

%

3,332,079

Revenue From Contract With Customers

1,096,052

996,786

10

1,823,027

1,618,985

13

(1,242,650)

Cost of Sales

(347,800)

(325,129)

7

(642,202)

(607,702)

6

2,089,429

GROSS PROFIT

748,252

671,657

11

1,180,825

1,011,283

17

81,028

Other Income

18,517

20,307

(9)

27,582

33,202

(17)

(65,441)

Selling and Marketing Expenses

(18,945)

(19,207)

(1)

(36,718)

(32,500)

13

(1,634,247)

Administrative Expenses

(464,903)

(413,117)

13

(892,260)

(812,230)

10

(231,706)

Finance Cost

(40,858)

(48,829)

(16)

(89,092)

(124,536)

(28)

38,307

Finance Income

1,849

2,718

(32)

3,685

7,729

(52)

277,370

PROFIT/ (LOSS) BEFORE TAX

243,912

213,529

14

194,022

82,948

>100

(117,858)

Tax Expenses

(23,471)

(16,709)

40

(27,165)

(41,133)

(34)

159,512

PROFIT/ (LOSS) AFTER TAX

220,441

196,820

12

166,857

41,815

>100

(613)

OTHER COMPREHENSIVE INCOME/(EXPENSE)

Actuarial Loss on defined benefit plan

-

-

-

-

184

Deferred Tax impact on Actuarial Loss

-

-

-

-

(429)

Other Comprehensive Income/(Expense) for the pe

-

-

-

-

-

-

159,083

Total Comprehensive Income/(Expense) for the per

220,441

196,820

12

166,857

41,815

>100

156,840

Profit/ (Loss) for the Period Attributable to: Equity holders of the Parent

196,978

174,928

13

148,431

31,220

>100

2,672

Non-Controlling Interest

23,463

21,892

7

18,426

10,595

74

159,512

220,441

196,820

12

166,857

41,815

>100

156,585

Total Comprehensive income/(expense) Attributable to: Equity holders of the Parent

196,978

174,928

13

148,431

>100

2,498

Non-Controlling Interest

23,463

21,892

7

18,426

74

159,083

220,441

196,820

12

166,857

>100

1.45

Profit/ (Loss) per Share (Rs.)

1.82

1.62

1.37

0.29

‌PROVISIONAL FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30TH SEPTEMBER 2025 COMPANY STATEMENT OF PROFIT OR LOSS AND COMPREHENSIVE INCOME

Audited

Year ended

31.03.2025

Rs' 000

Quarter ended

30th September

Un Audited

Un Audited

2025

2024

Rs '000

Rs '000

Change

%

Period ended

30th September

Un Audited

Un Audited

2025

2024

Rs '000

Rs '000

Change

%

467,135

Revenue From Contract With Customers

138,717

119,979

16

237,415

209,001

14

-

Cost of Sales

-

-

-

-

467,135

GROSS PROFIT

138,717

119,979

16

237,415

209,001

14

9,679

Other Income

41

120

(66)

161

240

(33)

(22)

Selling and Marketing Expenses

(180)

(22)

>100

(523)

(41)

>100

(447,887)

Administrative Expenses

(99,311)

(106,092)

(6)

(225,654)

(222,382)

1

(31,179)

Finance Cost

(4,876)

(8,036)

(39)

(11,132)

(16,748)

(34)

4,589

Finance Income

1,054

800

32

1,888

3,709

(49)

2,315

PROFIT/ (LOSS) BEFORE TAX

35,445

6,749

>100

2,155

(26,221)

>100

-

Tax Expenses

-

-

-

-

-

-

2,315

PROFIT/ (LOSS) AFTER TAX

35,445

6,749

>100

2,155

(26,221)

>100

OTHER COMPREHENSIVE INCOME/(EXPENSE)

-

-

-

-

-

-

-

-

-

-

35,445

6,749

(>100)

2,155

(26,221)

>100

0.33

0.06

0.02

(0.24)

376 Actuarial Gain/(loss) on defined benefit plan

376 Other Comprehensive Income/(Expense) for the period, Net of Tax

2,691 Total Comprehensive Expense for the period, Net of Tax

0.02 Profit/(Loss) per Share (Rs.)

‌HAYLEYS LEISURE PLC

PROVISIONAL FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30TH SEPTEMBER 2025

STATEMENT OF CHANGES IN EQUITY

CONSOLIDATED

Stated

Capital

Revaluation

Reserve

Retained

Earnings

Non-Controlling

Interest

Total

Equity

Total Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000 Rs.'000

Balance as of 01 Apr 2024

909,371

469,694 (34,613) 1,344,452 (169,778) 1,174,674

Profit for the Period - - 31,220 31,220 10,595 41,815

Balance as of 30 Sep 2024

909,371 469,694 (3,393) 1,375,672 (159,183) 1,216,489

Balance as of 01 Apr 2025

909,371

469,694 122,738 1,501,803 (167,280) 1,334,523

Profit for the Period - - 148,431 148,431 18,426 166,857

Balance as of 30 Sep 2025

909,371 469,694 271,169 1,650,234 (148,854) 1,501,380

COMPANY

Stated

Capital

Revaluation

Reserve

Retained

Earnings

Total

Rs.'000 Rs.'000 Rs.'000 Rs.'000

Balance as of 01 Apr 2024

909,371

-

132,377

1,041,748

Loss for the Period

-

-

(26,221)

(26,221)

Balance as of 30 Sep 2024

909,371 - 106,156 1,015,527

Balance as of 01 Apr 2025

909,371

-

135,832

1,045,203

Profit for the Period

-

-

2,155

2,155

Balance as of 30 Sep 2025

909,371 - 137,987 1,047,358

‌HAYLEYS LEISURE PLC

PROVISIONAL FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30TH SEPTEMBER 2025

CASH FLOW STATEMENT

GROUP COMPANY GROUP COMPANY

Audited

Year ended

31-03-2025

Rs' 000

Audited

Year ended

31-03-2025

Rs' 000

Un Audited

2025

Rs.'000

Un Audited

2024

Rs.'000

Un Audited

2025

Rs.'000

Un Audited

2024

Rs.'000

Cash Flows From / (Used in) Operating Activities

277,370 2,315 Loss before Tax 194,022 82,948 2,155 (26,221)

191,122

9,042

(139)

5,630

(3,203)

(9,227)

(1)

(38,168)

231,705

3,750

18,733

(5,496)

681,118

7,876

-

(139)

-

-

-

(1)

(4,451)

31,179

1,085

3,104

-

40,968

Adjustments for

Depreciation

Amortization of right to use Assets

Provision / (Reversal) of fall in value of investment

Disposal of Property, Plant and Equipment

Impairment of trade and other receivables

Creditors/ Advances received written back

Dividend Income

Finance Income

Finance Cost

Net Effect on Exchange Gain/(loss)

Provision for Defined Benefit Obligation

Effect of Exchange rate changes on Bank Loans

Operating Profit/(Loss) before Working Capital Changes

106,972

94,481

3,873

5,038

(1,019)

(73)

(4,390)

534

554

(436)

(6)

(4,945)

(1) -

(2,666)

(7,656)

89,092

124,536

(5,252)

3,078

8,442

7,868

5,955

(4,307)

395,576

301,065

3,789

-

(1,019)

-

-

-

(1)

(868)

11,132

44

1,552

-

16,784

4,482

-

(73)

-

-

-

-

(3,635)

16,748

1,761

1,139

-

(5,799)

9,733

(129,154)

(9,212)

128,425

57,458

738,368

-

(696,225)

(5,242)

684,388

12,123

36,012

(Increase)/ Decrease in Inventories

(1,288)

4,436

-

-

(Increase)/ Decrease in Trade and Other Receivables

(24,384)

7,809

(168,874)

(279,147)

(Increase)/Decrease in Advance and Prepayment

(5,475)

(16,321)

4,261

(1,729)

Increase /(Decrease) in Trade and Other Payables

203,339

(107,184)

183,086

288,038

Increase/(Decrease) in Other Current Non-Financial Liabilities

15,808

93,172

(446)

32,313

Cash Generated from Operations

583,576

282,978

34,811

33,676

(201,267)

(4,898)

(784)

-

531,419

(29,588)

(1,447)

-

-

4,977

Finance Cost paid

Defined Benefit Obligation paid

Release in Gratuity due to Employee Transfer

Tax Paid

Net Cash flows From/(used in) Operating Activities

(83,219)

(122,218)

(11,111)

(15,871)

(3,210)

(2,208)

(651)

(585)

-

-

-

-

(488)

(784)

-

-

496,659

157,768

23,049

17,220

(161,678)

1

4,119

29

(157,529)

(5,742)

1

1,914

-

(3,827)

Cash Flows from / (Used in) Investing Activities

Acquisition of Property, Plant & Equipment

Dividend Received

Finance Income Received

Proceeds from Disposal of Property, Plant and Equipment

Net Cash Flows from/(Used in) Investing Activities

(81,181)

(34,308)

1

-

3,064

2,332

4,390

-

(73,727)

(31,976)

(4,104)

1

1,823

-

(2,280)

(765)

-

1,071

-

306

(539,453)

(15,070)

(554,523)

-

-

-

Cash Flows from (Used in) Financing Activities

Repayment of loans

Principal Payment under Finance Lease Liabilities

Net Cash Flows Used in Financing Activities

(238,945) (230,553)

(10,450) (13,049)

(249,395) (243,602)

-

-

-

-

-

-

(180,633)

(395,109)

(575,742)

1,150

(279,702)

(278,552)

Net Increase/(Decrease) in Cash and Cash Equivalents

Cash and Cash Equivalents at the beginning of the year

Cash and Cash Equivalents at the end of the Period

173,538

(117,810)

(575,742)

(395,110)

(402,204)

(512,920)

20,768

(278,552)

(257,784)

17,526

(279,703)

(262,177)

For the purpose of the cash flow statement, the Period end cash and cash equivalents comprise of the following:

2,705

2,705

110,547

10,962

(688,994)

(292,219)

(575,742)

(278,552)

Bank Deposits

2,807

2,591

2,807

2,591

Cash at Bank & In Hand

164,085

172,710

24,545

3,362

Bank Overdraft

(569,096)

(688,221)

(285,136)

(268,130)

(402,204)

(512,920)

(257,784)

(262,177)

‌SHARE INFORMATION

  1. Share Trading Information for the quarter ended 30 September;

    2025

    Rs.

    2024

    Rs.

    Highest Price

    45.80

    26 Sep 2025

    22.00

    30 Sep 2024

    Lowest Price

    29.00

    08 Jul 2025

    17.60

    10 Sep 2024

    Last Traded Price

    43.50

    30 Sep 2025

    21.90

    30 Sep 2024

    No: of Transactions

    7,447

    688

    No: of Shares Traded

    23,101,466

    960,399

    Value of Shares Traded

    (Rs:)

    863,034,184

    19,029,558

    Name of Shareholder

    Number of Shares

    as at 30 Sep 2025

    % of issued

    capital

    Hayleys Plc

    46,690,587

    43.24

    Dean Foster (Pvt) Limited

    23,049,088

    21.34

    Employee'S Provident Fund

    10,388,284

    9.62

    Mercantile Investments And Finance Plc

    1,933,440

    1.79

    Toyo Cushion Lanka (Pvt) Ltd

    1,835,420

    1.70

    Deutsche Bank Ag-National Equity Fund

    1,582,094

    1.47

    Volanka Exports Limited

    1,445,358

    1.34

    Seylan Bank Plc/Mohamed Mushtaq Fuad

    1,230,578

    1.14

    Mr. Kulappuarachchige Don Dhammika Perera

    1,006,422

    0.93

    Ranavav Holdings (Pvt) Ltd

    1,000,000

    0.93

    People S Leasing And Finance Plc/L.P.Hapangama

    717,569

    0.66

    Hatton National Bank Plc/Jn Lanka Holdings Company (Pvt) Ltd

    633,568

    0.59

    People'S Leasing & Finance Plc/L.H.L.M.P.Haradasa

    543,515

    0.50

    Citizens Development Business Finance Plc/Rathnayake Mudiyanselage Nuwan Chathuran

    421,695

    0.39

    People S Leasing And Finance Plc/M.M.Fuad

    333,456

    0.31

    Mr. Hitbandara Atapattu Mudiyanselage Premaratne Algama

    314,504

    0.29

    Mr. Derek Joseph De Silva Wijeyeratne

    300,088

    0.28

    Mr. Liyanage Sanjaya Upendra Perera

    300,000

    0.28

    Sampath Bank Plc/Andaradeniya Estate Private Limited

    274,789

    0.25

    People'S Leasing & Finance Plc / Mr.W.P.C.M.Nanayakkara

    260,000

    0.24

    Sub Total

    94,260,455

    87.29

    Others

    13,729,503

    12.71

    Total

    107,989,958

    100.00

  2. Top Twenty Shareholders

    1

    2

    3

    4

    5

    6

    7

    8

    9

    10

    11

    12

    13

    14

    15

    16

    17

    18

    19

    20

    Percentage of Public Holding

    31.45%

    Total No. of Shareholders Represent in Public Holding

    2,710

    Float Adjusted Market Capitalization as at 30 Sep 2025

    1,473,997,802

    The Company complies with option 5 of the Listing Rules 7.13.1 (i) (a) - 20% minimum Public Holding is required if the Company has less than Rs. 2.5 Bn. Float Adjusted Market Capitalization.

  3. Directors' shareholding

Name of Director

No. of shares

as at 30 Sep 2025

Mr.A.M.Pandithage

Nil

Mr. R.J. Karunarajah

Nil

Ms.R.N.Ponnambalam

Nil

Ms.W.D.De Costa

Nil

Mr. S. C. Ganegoda

Nil

Mr. D. T. R. De Silva

Nil

Ms. K.A.D.B. Perera

Nil

Ms. A.A.K. Amarasinghe

Nil

Ms. H.D.K. Randiligama

Nil

Mr. T.M Hewagama (Appointed With Effect From 30.04.2025)

Nil

Total

-

‌NOTES TO FINANCIAL STATEMENTS

1

The Interim Consolidated Financial Statements are unaudited and have been prepared in compliance with Sri Lanka Accounting Standard LKAS 34-Interim Financial Reporting. These Interim Financial Statements should be read in conjunction with the Annual Financial Statements for the year ended 31st March

2025.

2

The accounting policies have been consistently applied by the Group and are consistent with those used in the previous year. The presentation and

classification of the financial statements of the previous periods have been amended where relevant to be comparable with those of the current year.

3

The Statement of Financial Position of the Company as at 30th September 2025 and The Statement of Profit or Loss for the six months ended are drawn up

from the unaudited accounts of the Company and provides information required as per rule 8 of the Colombo Stock Exchange.

4

Other than what is mentioned below, no other circumstances have arisen since the reporting date, which would require adjustments to, or disclosure in the

Financial Statements.

In October 2025, the Sun Tan Beach Resorts Limited announced a Rights Issue of 533,839,504 ordinary shares, on the basis of six (6) new ordinary share for every five (5) ordinary shares held, at an issue price of Rs. 1.88 per share to raise Rs. 1,003,618,268. Hayleys Leisure PLC subscribed to 456,247,280 ordinary shares for a total of Rs. 857,744,887 million and the rights were exercised on 10th October 2025.

5

We confirm that there are no material contingent liabilities or contingent assets which require disclosure in the Interim Financial Statements for the period of

ended 30th September 2025.

6

The Stated Capital as at 30th September 2025 is Rs.909,370,708/- (30th September 2024 - Rs. 909,370,708/-) comprising 107,989,958 fully paid Ordinary

shares (30th September 2024 - 107,989,958).

‌CORPORATE INFORMATION

NAME OF COMPANY

Hayleys Leisure PLC

COMPANY REGISTRATION NO

PQ 145

LEGAL FORM

Public Quoted Company with limited liability originally incorporated in Sri Lanka as a Private Company

and later converted to a Public Company.

REGISTERED OFFICE

Level 27, East Tower , World Trade Center

Echelon Square, Colombo - 01

Telephone

011 - 4767800

Website

https://www.amayaresorts.com

BOARD OF DIRECTORS

Mr. A. M. Pandithage (Chairman)

Mr. R. J. Karunarajah (Managing Director)

Ms. R. N. Ponnambalam

Ms. W. D. De Costa

Mr. S. C. Ganegoda

Mr. D. T. R. De Silva

Ms. D. B. Perera

Ms. A. A. K. Amarasinghe

Ms. H. D. K. Randiligama

Mr. T. M Hewagama (Appointed With Effect From 30.04.2025)

AUDIT COMMITTEE

Mr. D. T. R De Silva (Chairman)

Ms. W. D. De Costa

Ms. H. D. K. Randiligama

REMUNERATION COMMITTEE

Mr. D. T. R De Silva (Chairman)

Mr. S. C. Ganegoda

Ms. H. D. K. Randiligama

NOMINATIONS AND GOVERNANCE COMMITTEE

Mr. D. T. R De Silva (Chairman)

Mr. S. C. Ganegoda

Ms. H. D. K. Randiligama

RELATED PARTY TRANSACTIONS REVIEW COMMITTEE

Mr. D. T. R De Silva (Chairman)

Mr. S. C. Ganegoda

Ms. H. D. K. Randiligama

SUBSIDIARY COMPANIES

UNQUOTED

Culture Club Resorts (Private) Limited.

Kandyan Resorts (Private) Limited.

Sun Tan Beach Resorts Limited.

Hayleys Holidays (Private) Limited.

CDC Convention (Private) Limited.

Hayleys Hotel Management Services (Private) Limited.

SECRETARIES

Hayleys Group Services (Private) Limited

No. 400, Deans Road Colombo 10, Sri Lanka

AUDITORS

Ernst & Young

Chartered Accountants

Rotunda Towers

No. 109, Galle Road Colombo 03, Sri Lanka

BANKERS

Hatton National Bank PLC

Commercial Bank of Ceylon PLC

Pan Asia Bank PLC

Nations Trust Bank PLC

DFCC Bank PLC

Seylan Bank PLC

Bank of Ceylon

Sampath Bank PLC

INVESTOR RELATIONS

Please contact Sector Chief Financial Officer : Mr. Piyal Senadeera

+94 77 108 7703

piyal.s@hayleysleisure.com

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