HELA APPAREL HOLDINGS PLC AND ITS SUBSIDIARIES
Condensed Statement of Profit or Loss
(All amounts are in Sri Lankan Rupees Thousands)
Group Company Quarter ended 31 December Quarter ended 31 December2025 (Unaudited) | 2024 (Unaudited) | 2025 (Unaudited) | 2024 (Unaudited) | |
Revenue from contracts with customers | 11,640,288 | 18,599,380 | - | - |
Cost of sales | (11,139,789) | (17,225,845) | - | - |
Gross profit | 500,499 | 1,373,535 | - | - |
Distribution costs | (1,169,514) | (865,687) | - | (482) |
Administrative costs | (2,201,114) | (3,070,697) | (6,338) | (17,468) |
Other income | 184,825 | 48,942 | - | - |
Other gains / (losses) - net | (32,662) | (8,300) | 615 | (260) |
Operating loss | (2,717,966) | (2,522,207) | (5,723) | (18,210) |
Finance income | 31,020 | 44,277 | 12 | 14 |
Finance costs | (826,137) | (1,084,634) | - | - |
Finance (costs) / income - net | (795,117) | (1,040,357) | 12 | 14 |
Share of loss of equity accounted investee, net of tax | - | (20,958) | - | - |
Loss before income tax | (3,513,083) | (3,583,522) | (5,711) | (18,196) |
Income tax reversal | - | 134,473 | - | - |
Loss for the period | (3,513,083) | (3,449,049) | (5,711) | (18,196) |
Loss attributable to: | ||||
Owners of the Company | (3,508,048) | (3,407,779) | (5,711) | (18,196) |
Non-controlling interests | (5,035) | (41,270) | - | - |
Loss for the period | (3,513,083) | (3,449,049) | (5,711) | (18,196) |
Loss per share for loss attributable to the equity holders of the Company | LKR | LKR | LKR | LKR |
Basic / diluted loss per share | (2.14) | (2.08) | (0.00) | (0.01) |
2025 (Unaudited) | 2024 (Unaudited) | 2025 (Unaudited) | 2024 (Unaudited) |
Loss for the period (3,513,083) | (3,449,049) | (5,711) | (18,196) |
Other comprehensive income: | |||
Items that will be reclassified to profit or loss Currency translation differences (561,815) | (808,802) | 190,898 | (188,247) |
Other comprehensive income / (loss) for the period, net of tax (561,815) | (808,802) | 190,898 | (188,247) |
Total comprehensive (loss) / profit for (4,074,898) | (4,257,851) | 185,187 | (206,443) |
2025 (Unaudited) | 2024 (Unaudited) | 2025 (Unaudited) | 2024 (Unaudited) | |
Revenue from contracts with customers | 43,953,760 | 61,546,627 | - | - |
Cost of sales | (39,682,113) | (53,315,087) | - | - |
Gross profit | 4,271,647 | 8,231,540 | - | - |
Distribution costs | (3,281,735) | (2,633,187) | - | (489) |
Administrative costs | (7,069,103) | (9,443,269) | (30,175) | (61,641) |
Other income | 450,654 | 554,551 | - | - |
Other gains / (losses) - net | 817,691 | (287,182) | 1,131 | (480) |
Operating loss | (4,810,846) | (3,577,547) | (29,044) | (62,610) |
Finance income | 74,946 | 154,363 | 37 | 44 |
Finance costs | (2,701,580) | (3,284,476) | - | (152) |
Finance (costs) / income - net | (2,626,634) | (3,130,113) | 37 | (108) |
Share of loss of equity accounted investee, net of tax | - | (64,786) | - | - |
Loss before income tax | (7,437,480) | (6,772,446) | (29,007) | (62,718) |
Income tax (expense) / reversal | (152,678) | 308,403 | - | - |
Loss for the period | (7,590,158) | (6,464,043) | (29,007) | (62,718) |
Loss attributable to: | ||||
Owners of the Company | (7,575,887) | (6,354,253) | (29,007) | (62,718) |
Non-controlling interests | (14,271) | (109,790) | - | - |
Loss for the period | (7,590,158) | (6,464,043) | (29,007) | (62,718) |
Basic / diluted earnings / (loss) per share (4.63) (3.88) (0.02) (0.04)
Group Company Nine months ended 31 December Nine months ended 31 December2025 (Unaudited) | 2024 (Unaudited) | 2025 (Unaudited) | 2024 (Unaudited) | |
Loss for the period | (7,590,158) | (6,464,043) | (29,007) | (62,718) |
Other comprehensive income: | ||||
Items that will be reclassified to profit or loss | ||||
Currency translation differences | (16,994) | (520,458) | 353,091 | (226,077) |
Other comprehensive income / (loss) for the period, net of tax | (16,994) | (520,458) | 353,091 | (226,077) |
Total comprehensive (loss) / income for the period | (7,607,152) | (6,984,501) | 324,084 | (288,795) |
HELA APPAREL HOLDINGS PLC AND ITS SUBSIDIARIES
Condensed Statement of Financial Position
(All amounts are in Sri Lankan Rupees Thousands)
Group Company31.12.2025 | 31.03.2025 | 31.12.2024 | 31.12.2025 | 31.03.2025 | 31.12.2024 | |
(Unaudited) | (Audited) | (Unaudited) | (Unaudited) | (Audited) | (Unaudited) | |
ASSETS | ||||||
Non-current assets | ||||||
Property, plant and equipment | 3,988,386 | 4,366,537 | 5,741,142 | - | - | - |
Investment property | 625,539 | 598,000 | 1,240,123 | - | - | - |
Right-of-use assets | 2,407,277 | 3,105,541 | 2,983,979 | - | - | - |
Intangible assets | 3,988,080 | 3,997,930 | 12,544,936 | 20,343 | 22,226 | 22,858 |
Investment in subsidiaries | - | - | - | 8,198,193 | 7,837,275 | 7,706,531 |
Investments accounted for using the equity method | - | - | 150,822 | - | - | - |
Deferred tax assets | 1,845,076 | 1,743,230 | 3,153,440 | - | - | - |
Other financial assets at amortized cost | 186 | 178 | 524,387 | - | - | - |
Total non-current assets | 12,854,544 | 13,811,416 | 26,338,829 | 8,218,536 | 7,859,501 | 7,729,389 |
Current assets | ||||||
Inventories | 9,420,420 | 7,204,459 | 11,715,889 | - | - | - |
Trade and other receivables | 11,557,044 | 14,085,099 | 15,691,529 | - | 147 | 3,533 |
Other assets | 4,129,038 | 3,543,431 | 3,307,067 | - | 11,575 | - |
Income tax receivables | - | 291,973 | 297,085 | 57 | 55 | 71 |
Assets directly associate with assets held for | ||||||
sale and discontinued operations | - | 2,202,673 | - | - | - | - |
Other financial assets at amortized cost | 603 | 249,670 | 245,978 | - | - | - |
Cash and cash equivalents | 1,656,644 | 4,371,122 | 6,324,111 | 3,326 | 3,534 | 4,803 |
Total current assets | 26,763,749 | 31,948,427 | 37,581,659 | 3,383 | 15,311 | 8,407 |
Total assets | 39,618,293 | 45,759,843 | 63,920,488 | 8,221,919 | 7,874,812 | 7,737,796 |
EQUITY | ||||||
Stated capital | 7,377,504 | 7,377,504 | 7,377,504 | 7,377,504 | 7,377,504 | 7,377,504 |
Accumulated losses | (31,604,008) | (24,390,466) | (8,064,697) | (2,402,792) | (2,373,785) | (2,382,127) |
Other reserves | 637,214 | 1,233,869 | 1,233,869 | 93,841 | 93,841 | 93,841 |
Exchange equalization reserve | 4,950,475 | 4,967,469 | 4,393,605 | 2,940,230 | 2,587,139 | 2,489,893 |
Capital and reserves attributable to | ||||||
owners of the Company | (18,638,815) | (10,811,624) | 4,940,281 | 8,008,783 | 7,684,699 | 7,579,111 |
Non-controlling interests | (166,051) | (151,780) | (53,694) | - | - | - |
Total equity | (18,804,866) | (10,963,404) | 4,886,587 | 8,008,783 | 7,684,699 | 7,579,111 |
LIABILITIES | ||||||
Non-current liabilities | ||||||
Borrowings | 2,805,307 | 327,660 | 4,143,042 | - | - | - |
Deferred tax liabilities | 1,350,259 | 1,135,567 | 1,303,341 | - | - | - |
Lease liabilities | 1,676,825 | 2,079,251 | 2,429,671 | - | - | - |
Employee benefit obligations | 888,167 | 816,003 | 784,510 | - | - | - |
Total non-current liabilities | 6,720,558 | 4,358,481 | 8,660,564 | - | - | - |
Current liabilities | ||||||
Trade and other payables | 22,597,045 | 19,845,891 | 18,846,279 | 213,136 | 190,113 | 158,685 |
Lease liabilities | 889,562 | 1,233,595 | 797,498 | - | - | - |
Income tax liabilities | 35,756 | 26,772 | - | - | - | - |
Liabilities directly associated with the held for | ||||||
sale and discontinued operations | - | 271,628 | - | - | - | |
Borrowings | 28,180,238 | 30,986,880 | 30,729,560 | - | - | - |
Total current liabilities | 51,702,601 | 52,364,766 | 50,373,337 | 213,136 | 190,113 | 158,685 |
Total liabilities | 58,423,159 | 56,723,247 | 59,033,901 | 213,136 | 190,113 | 158,685 |
Total equity and liabilities | 39,618,293 | 45,759,843 | 63,920,488 | 8,221,919 | 7,874,812 | 7,737,796 |
LKR | LKR | LKR | LKR | LKR | LKR | |
Net assets per share | (11.39) | (6.61) | 3.02 | 4.89 | 4.70 | 4.63 |
I certify that these financial statements have been prepared in compliance with the requirements of the Companies Act, No. 07 of 2007. Sgd.
Director - Group Finance: Mr Yahan Samarajeewa Date: 13th February 2026
The Board of Directors is responsible for the preparation and presentation of these financial statements. Approved and signed for and on behalf of the Board of Directors.
Sgd. Sgd.
Director: Mr G P Gunawardana Director: Mr P L D Jinadasa
Date: 13th February 2026 Date: 13th February 2026
HELA APPAREL HOLDINGS PLC AND ITS SUBSIDIARIES
Condensed Statement of Cash Flows
(All amounts are in Sri Lankan Rupees Thousands)
Group Nine months ended 31 December Company Nine months ended 31 December2025 | 2024 | 2025 | 2024 | |
Loss before income tax | (7,437,480) | (6,772,446) | (29,007) | (62,718) |
Adjustments for: Depreciation and amortization | 1,585,374 | 1,659,243 | 2,828 | 2,805 |
Net interest expenses | 2,626,634 | 3,130,113 | (37) | (108) |
Retirement benefits obligations provision | 135,888 | 145,992 | - | - |
Gain on disposal of investment property | (79,080) | - | - | - |
Gain on sale of property, plant and equipment | (701,701) | - | - | - |
Provision reversal of impairment of debtors | 41,049 | (36,324) | - | - |
Share of loss from joint Ventures | - | 64,786 | - | - |
Changes in working capital - (Increase) / decrease in inventories | (1,734,039) | (3,557,939) | - | - |
- (Increase) / decrease in trade and other receivables | 3,098,068 | (1,289,301) | 11,933 | 21,127 |
- Increase / (decrease) in trade and other payables | 1,955,440 | 3,364,280 | 13,885 | 36,106 |
Cash used in from operations | (509,847) | (3,291,596) | (398) | (2,788) |
Retirement benefits obligations paid | (102,230) | (76,746) | - | - |
Income tax paid | (61,742) | (165,695) | - | - |
Interest paid | (2,595,254) | (3,229,971) | - | - |
Net cash outflow from operating activities | (3,269,073) | (6,764,008) | (398) | (2,788) |
Cash flows from investing activities Investments made in subsidiaries | (1,580,725) | |||
Sale proceeds of investment in subsidiaries | 603,353 | - | - | - |
Net movement of property, plant and equipment and intangible assets | 2,075,657 | (24,830) | - | - |
Interest received | 74,946 | 154,363 | 37 | 108 |
Net cash inflow / (outflow) from investing activities | 2,753,956 | 129,533 | 37 | (1,580,617) |
Cash flows from financing activities | ||||
Principal elements of lease payments | (993,822) | (965,809) | - | - |
Net borrowings | (1,723,551) | 3,980,638 | - | - |
Advance receipt on share issue | - | 1,596,826 | - | 1,596,826 |
Net cash (outflow) / inflow from financing activities | (2,717,373) | 4,611,655 | - | 1,596,826 |
Net decrease in cash and cash equivalents | (3,232,490) | (2,022,820) | (361) | 13,421 |
Cash and cash equivalents at beginning of the period | 4,371,122 | 8,314,419 | 3,534 | 5,058 |
Currency translation differences | 518,012 | 32,512 | 153 | (13,676) |
Cash and cash equivalents at end of the Period | 1,656,644 | 6,324,111 | 3,326 | 4,803 |
Group
Attributable to owners of the CompanyStated capital | Retained earnings | Other reserves | Exchange equalization reserve | Total | Non-controlling interests | Total equity | |
Balance at 1 April 2024 | 5,780,678 | (1,710,444) | 1,233,869 | 4,914,063 | 10,218,166 | 56,096 | 10,274,262 |
Loss for the Period | - | (6,354,253) | - | - | (6,354,253) | (109,790) | (6,464,043) |
Total comprehensive income for the year | - | (6,354,253) | - | - | (6,354,253) | (109,790) | (6,464,043) |
Currency translation difference | - | - | - | (520,458) | (520,458) | - | (520,458) |
Total comprehensive income for the year | - | (6,354,253) | - | (520,458) | (6,874,711) | (109,790) | (6,984,501) |
Issue of rights | 1,596,826 | - | - | - | 1,596,826 | - | 1,596,826 |
Balance at 31 December 2025 | 7,377,504 | (8,064,697) | 1,233,869 | 4,393,605 | 4,940,281 | (53,694) | 4,886,588 |
Balance at 1 April 2025 | 7,377,504 | (24,390,466) | 1,233,869 | 4,967,469 | (10,811,624) | (151,780) | (10,963,404) |
Loss for the Period | - - | (7,575,887) - | - - | - - | (7,575,887) - | (14,271) - | (7,590,158) - |
Total comprehensive income for the year | - | (7,575,887) | - | - | (7,575,887) | (14,271) | (7,590,158) |
Classification | - | 362,345 | (596,655) | (16,994) | (251,305) | - | (251,305) |
Balance at 31 December 2025 | 7,377,504 | (31,604,008) | 637,214 | 4,950,475 | (18,638,816) | (166,051) | (18,804,867) |
Company | |||||
Stated capital | Other reserves | Retained earnings /(accumulated losses) | Exchange equalization reserve | Total | |
Balance at 1 April 2024 | 5,780,678 | 93,841 | (2,319,409) | 2,715,970 | 6,271,080 |
Loss for the year | - | - | (62,718) | - | (62,718) |
Other comprehensive income | - | - | - | (226,077) | (226,077) |
Total comprehensive income for the year | - | - | (62,718) | (226,077) | (288,795) |
Issue of rights | 1,596,826 | - | - | - | 1,596,826 |
Balance at 31 December 2025 | 7,377,504 | 93,841 | (2,382,127) | 2,489,893 | 7,579,111 |
Balance at 1 April 2025 | 7,377,504 | 93,841 | (2,373,785) | 2,587,139 | 7,684,699 |
Loss for the year | - | - | (29,007) | - | (29,007) |
Other comprehensive income | - | - | - | 353,091 | 353,091 |
Total comprehensive income for the year | - | - | (29,007) | 353,091 | 324,084 |
Balance at 31 December 2025 | 7,377,504 | 93,841 | (2,402,792) | 2,940,230 | 8,008,783 |
HELA APPAREL HOLDINGS PLC AND ITS SUBSIDIARIES
Notes to the Financial Statements
(All amounts are shown in Sri Lankan Rupees Thousands unless otherwise stated)
-
Operating segments
-
Description of segments and principal activities
The Hela Group's internal organisation and management is structured based on operating segments which are determined by the nature of their principal business activities. The measurement policies the Group uses for segmental reporting under SLFRS 8 are the same as those used in its financial statements.
The Group is currently organized into two reportable segments, the Private Label Manufacturing Division and the Brand Licensing Division. The operations of the Brand Licensing Division are carried out of by the Company's fully owned subsidiary, Hela Brands Limited, and its subsidiaries. The other companies in the Group carry out the activities of the Private Label Manufacturing Division. Each segment is managed by a Chief operating decision maker who acts as segment manager, the performance of each segment is monitored by the Group Chief operating decision maker, and strategic decisions are made on the basis of segment operating results.
-
Summarized statement of comprehensive income for the quarter ended 31 December 2025
LKR"000"
Private Label Manufacturing Division Brand Licensing Division Group2025
2024
2025
2024
2025
2024
Revenue
5,438,739
11,963,086
6,201,549
6,636,294
11,640,288
18,599,380
Operating profit/ (loss)
(1,722,279)
(2,575,880)
(995,687)
53,673
(2,717,966)
(2,522,207)
Net finance (cost)/income
(769,428)
(1,047,922)
(25,689)
7,565
(795,117)
(1,040,357)
Profit/ (loss) before taxation
(2,491,707)
(3,644,760)
(1,021,376)
61,238
(3,513,083)
(3,583,522)
Income tax reversal
-
134,473
-
-
-
134,473
Profit/ (loss) for the period
(2,491,707)
(3,510,287)
(1,021,376)
61,238
(3,513,083)
(3,449,049)
-
Summarized statement of financial position as at 31 December 2025
LKR"000"
Private Label Manufacturing Division Brand Licensing Division Group2025
2024
2025
2024
2025
2024
ASSETS
Non-current assets
9,959,493
23,451,749
2,895,051
2,887,080
12,854,544
26,338,829
Current assets
9,966,026
23,940,243
16,797,723
13,641,416
26,763,749
37,581,659
Total assets
19,925,518
47,391,991
19,692,775
16,528,497
39,618,293
63,920,488
LIABILITIES
Non-current liabilities
5,129,347
7,124,646
1,591,211
1,535,918
6,720,558
8,660,564
Current liabilities
41,315,146
43,327,904
10,387,455
7,045,433
51,702,601
50,373,337
Total liabilities
46,444,493
50,452,550
11,978,666
8,581,351
58,423,159
59,033,901
-
Description of segments and principal activities
-
General information
Hela Apparel Holdings PLC is engaged in providing consultancy and support services to group companies. The Group is engaged in the manufacture of apparel for export markets and in providing front-end services to foreign customers. The Company is a public limited liability company incorporated on 11 October 2018 and listed on the Colombo Stock Exchange on 7 February 2022. It is domiciled in Sri Lanka and bears the registration number PQ00205151 under the Companies Act No.07 of 2007. The address of the registered office and the principal place of the business is, No 35 Balapokuna Road, Colombo 06, Sri Lanka.
-
Interim Condensed Financial Statements
The Consolidated Financial Statements for the period ended 31 December 2025, comprise "the company" referring to Hela Apparel Holdings PLC as the Holding Company and "the Group"referring to the Companies whose accounts have been consolidated therein.
-
Approval of Financial Statements
The Interim Condensed Financial Statements of the Group and the Company for the period ended 31 December 2025 were authorized for issue by the Board of Directors on 13 February 2026.
-
Basis of preparation
The condensed interim financial statements for the period ended 31 December 2025 of the Company and the Group have been prepared in accordance with Sri Lanka Accounting Standard LKAS 34, 'Interim Financial Reporting'. The condensed interim financial statements should be read in conjunction with the audited financial statements for the year ended 31 March 2025.
HELA APPAREL HOLDINGS PLC AND ITS SUBSIDIARIES
Notes to the Financial Statements
-
Contingent liabilities
Determination of the treatment of contingent liabilities in the financial statements is based on the management's view of the expected outcome of the applicable contingency. The Company consults with legal counsel (lawyers) on matters related to litigation and other experts both within and outside the Company with respect to the matters in the ordinary course of business.
The following are the corporate guarantees provided by the Company and its subsidiaries as of 31 December 2025.
Liability Due by
Guarantee or contingent liability taken on behalf of
Financial Institution
Nature of the liability
Amount (LKR Mn)
Foundation Garments
Hela Investment Holdings
NDB
Corporate Guarantee - USD
309.99
BOC
Corporate Guarantee - USD
1,239.98
Corporate Guarantee - USD
1,859.97
Hela Clothing Egypt
NDB
Corporate Guarantee - USD
309.99
Hela Clothing
HNB
Corporate Guarantee - USD
141.36
DFCC
Corporate Guarantee - USD
1,239.98
Commercial Bank
Corporate Guarantee - USD
1,487.97
NTB
Corporate Guarantee - USD
2,324.96
Foundation Garments and Hela Intimates EPZ
Hela Investment Holdings
Aavishkaar
Corporate Guarantee - USD
1,549.97
Norfund
Corporate Guarantee - USD
4,339.92
Hela Apparel Holdings
Foundation Garments
NDB
Corporate Guarantee - USD
3,045.38
DFCC
Corporate Guarantee - USD
929.98
Hela Clothing
DFCC
Corporate Guarantee - LKR
1,200.00
NDB
Corporate Guarantee - LKR
1,260.00
Commercial Bank
Corporate Guarantee - USD
309.99
HNB
Corporate Guarantee - USD
960.98
Sampath Bank
Corporate Guarantee - USD
619.99
NTB
Corporate Guarantee - LKR
2,500.00
Hela Clothing
Foundation Garments
Sampath Bank
Corporate Guarantee - USD
1,239.98
Commercial Bank
Corporate Guarantee - USD
929.98
DFCC
Corporate Guarantee - USD
929.98
Corporate Guarantee - USD
929.98
Corporate Guarantee - USD
2,169.96
Corporate Guarantee - USD
929.98
BOC
Corporate Guarantee - USD
3,254.94
Corporate Guarantee - USD
71.30
Corporate Guarantee - LKR
25.00
Hela Investment Holdings
BOC
Corporate Guarantee - USD
929.98
Corporate Guarantee - USD
929.98
Corporate Guarantee - USD
309.99
Hela Clothing and Hela Apparel Holdings
Foundation Garments
Peoples Bank
Corporate Guarantee - USD
2,014.96
Corporate Guarantee - LKR
300.00
HELA APPAREL HOLDINGS PLC AND ITS SUBSIDIARIES
Notes to the Financial Statements
-
Comparatives
Comparative figures, where necessary, have been adjusted to conform with the changes in presentation in the current period.
-
Stated capital
Company
31 December 2025
31 March 2025 31 December 2025
31 March 2025
Value
Value
Number of shares
Number of shares
(LKR' 000)
(LKR' 000)
Ordinary Voting Shares
1,636,746,787
1,636,746,787
7,377,504
7,377,504
1,636,746,787
1,636,746,787
7,377,504
7,377,504
(i) Movement in ordinary shares:
Number of
shares
Value (LKR' 000)
Opening balance 1 April 2024
1,317,381,560
5,780,678
Issue of rights
319,365,227
1,596,826
Balance 31 March 2025
1,636,746,787
7,377,504
Opening balance 1 April 2025
1,636,746,787
7,377,504
Balance 31 December 2025
1,636,746,787
7,377,504
-
Net Assets per share
Net assets as at a particular financial period ended divided by the number of shares in issue as at the current period end.
Group Company 31 December 2025 31 March 2025 31 December 2025 31 March 2025Net assets as of period end (LKR '000)
(18,638,815)
(10,811,624)
8,008,783
7,684,699
Number of shares as of period end
1,636,746,787
1,636,746,787
1,636,746,787
1,636,746,787
Net assets per share (Rs.)
(11.39)
(6.61)
4.89
4.70
-
Events after reporting period
There have been no events subsequent to the reporting date, which require disclosure in the financial statements.
-
Presentation currency
Transactions measured in US Dollars are translated to Sri Lankan Rupees based on the Sri Lanka Accounting Standard 21, "The Effects of Changes in Foreign Exchange Rates", as follows:
Assets and Liabilities presented including comparatives are translated at the closing rate existed at the date of each balance sheet presented.
Income and expense items for all periods presented (i.e. including comparatives) are translated at the period average exchange rate applicable for respective periods.
Share capital is translated at the exchange rate existing at the date of transaction.
All resulting exchange differences are recognized in equity under exchange equalization reserves.
-
Fair values of other financial instruments
The Group also has a number of financial instruments which are not measured at fair value in the balance sheet. The Group has trade receivables, trade payables and borrowings as financial instruments. The fair values are not materially different to their carrying amounts, since the interest receivable/payable is either close to the current market rates or the instruments are short-term in nature.
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Market Price Per Share
Market Value of Shares
2025 2024
Last trading price on 31 December (LKR) 3.105.90
Highest Price During the Quarter Ended 31 December (LKR) 3.807.40
Lowest Price During the Quarter Ended 31 December (LKR) 3.105.70
Market Capitalization on 31 December (LKR) 5,073,915,040 9,656,806,043
Ratios
Net Asset Per Share of the Group on 31 December (LKR) (11.39)3.02
No of Transactions During the Quarter Ended 31 December 2025
9,425
12,859
No of Shares Traded During the Quarter Ended 31 December 2025
117,814,182
135,594,056
Value of Shares Traded During the Quarter Ended 31 December 2025 (LKR)
397,923,584
872,310,911
Share Trading
Number of Shares 1,636,746,787 1,636,746,787
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Public Holdings as at 31 December 2025
Public Holding as at 31 December
2025
2024
Issued Share Capital (No. of Shares)
1,636,746,787
1,636,746,787
Public Holding as a % of Issued Share Capital
26.25%
21.55%
Total Number of Shareholders
13,943
13,318
Number of Shareholders representing the Public Holding
13,937
13,307
Minimum Public Holding Requirement as per Listing Rules 7.13.1 (i) (a)
Float Adjusted Market
Capitalization - (LKR)
Public Holding
Percentage
No of
Shareholders
1,331,699,741
26.25%
13,937
Minimum Public Holding as at 31 December 2025
The Company complies with the Minimum Public Holding required of the Main Board as per Option 5 of Section 7.13.1 (i) (a) of the CSE Listing Rules
- Shareholder Information
No. of Shares | % | |
1 Lesing Hela Limited | 792,756,301 | 48.43 |
2 Tars Investments Lanka (Pvt) Ltd. | 218,168,496 | 13.33 |
3 Mr. P.L.D. Jinadasa | 142,346,373 | 8.70 |
4 DFCC Bank PLC / Panadura Liyanage Dilanka Jinadasa | 43,170,466 | 2.64 |
5 Mr D.E.H Mcvey | 30,598,973 | 1.87 |
6 Mr T.C.U Jayanetti | 14,950,000 | 0.91 |
7 Hatton National Bank PLC/Sri Dhaman Rajendram Arudpragasam | 14,600,000 | 0.89 |
8 Hatton National Bank PLC/ Dinesh Nagendra Sellamuttu | 7,854,644 | 0.48 |
9 Mr. B.A.A.S. Basnayaka | 6,000,000 | 0.37 |
10 Mr. R.S.P. Amaratunga | 5,407,961 | 0.33 |
11 Mrs D.C.R Boteju | 5,314,602 | 0.32 |
12 Mr. A.R. Rasiah | 5,309,801 | 0.32 |
13 Mr M.A. De Silva | 4,704,239 | 0.29 |
14 Mr. P.S.V. Fernando | 4,403,743 | 0.27 |
15 Mr. D.M. Beruwalage | 4,300,927 | 0.26 |
16 Merchant Bank of Sri Lanka & Finance PLC | 3,977,150 | 0.24 |
17 Mr A.M Weerasinghe | 3,758,308 | 0.23 |
18 Mrs S Rajeewan | 3,602,000 | 0.22 |
19 Hatton National Bank PLC/ Sonali Senaratna | 3,585,084 | 0.22 |
20 Mrs. A.U.F. Fasmiya | 3,418,784 | 0.21 |
1,318,227,852 | 80.53 | |
Directors' Shareholding as at 31 December 2025 | 2025 No. of Shares | 2024 No. of Shares |
Directors' Direct Shareholding | ||
Mr. P.L.D. Jinadasa (Group CEO) | 142,346,373 | 148,531,300 |
DFCC Bank PLC / Mr. P.L.D Jinadasa | 43,170,466 | - |
Mr. A.R. Rasiah (Chairman) (Resigned w.e.f. 29/12/2025) | 5,309,801 | 4,273,743 |
Ms. T.S. Peries (Resigned w.e.f. 31/3/2025) | - | 57,400 |
190,826,640 | 152,862,443 |
2025
Group Company Quarter ended 31 December Quarter ended 31 December2025 (Unaudited) | 2024 (Unaudited) | 2025 (Unaudited) | 2024 (Unaudited) | |
Revenue from contracts with customers | 38,162 | 63,121 | - | - |
Cost of sales | (36,522) | (58,459) | - | - |
Gross profit | 1,640 | 4,662 | - | - |
Distribution costs | (3,834) | (2,938) | - | (2) |
Administrative costs | (7,216) | (10,421) | (21) | (59) |
Other income | 606 | 166 | - | - |
Other gains / (losses) - net | (107) | (28) | 2 | (1) |
Operating loss | (8,911) | (8,559) | (19) | (62) |
Finance income | 102 | 150 | - | - |
Finance costs | (2,708) | (3,681) | - | - |
Finance (costs) / income - net | (2,606) | (3,531) | - | - |
Share of loss of equity accounted investee, net of tax | - | (71) | - | - |
Loss before income tax | (11,517) | (12,161) | (19) | (62) |
Income tax reversal | - | 456 | - | - |
Loss for the period | (11,517) | (11,705) | (19) | (62) |
Loss is attributable to: | ||||
Owners of the Company | (11,500) | (11,565) | (19) | (62) |
Non-controlling interests | (17) | (140) | - | - |
Loss for the period | (11,517) | (11,705) | (19) | (62) |
2025 (Unaudited) | 2024 (Unaudited) | 2025 (Unaudited) | 2024 (Unaudited) | |
Loss for the period Other comprehensive income: | (11,517) | (11,705) | (19) | (62) |
Items that will be reclassified to profit or loss | ||||
Exchange differences on translation of foreign operations | 82 | (2,204) | - | - |
Other comprehensive loss for the period, net of tax | 82 | (2,204) | - | - |
Total comprehensive loss for the period | (11,435) | (13,909) | (19) | (62) |
2025 (Unaudited) | 2024 (Unaudited) | 2025 (Unaudited) | 2024 (Unaudited) | |
Revenue from contracts with customers | 145,698 | 205,740 | - | - |
Cost of sales | (131,539) | (178,224) | - | - |
Gross profit | 14,159 | 27,516 | - | - |
Distribution costs | (10,878) | (8,802) | - | (2) |
Administrative costs | (23,433) | (31,567) | (100) | (206) |
Other income Net impairment loss on financial assets / goodwill Other gains / (losses) - net | 1,494 -2,710 | 1,854 -(960) | - 4 | - (2) |
Operating loss | (15,948) | (11,959) | (96) | (210) |
Finance income | 248 | 516 | - | - |
Finance costs | (8,955) | (10,979) | - | (1) |
Finance (costs) / income - net | (8,707) | (10,463) | - | (1) |
Share of loss of equity accounted investee, net of tax | - | (217) | - | - |
Loss before income tax | (24,655) | (22,638) | (96) | (211) |
Income tax (expense) / reversal | (506) | 1,031 | - | - |
Loss for the period | (25,161) | (21,607) | (96) | (211) |
Loss is attributable to: | ||||
Owners of the Company | (25,114) | (21,240) | (96) | (211) |
Non-controlling interests | (47) | (367) | - | - |
Loss for the period | (25,161) | (21,607) | (96) | (211) |
Six months ended 30 September Six months ended 30 September
2025 (Unaudited) | 2024 (Unaudited) | 2025 (Unaudited) | 2024 (Unaudited) | |
Loss for the period | (25,161) | (21,607) | (96) | (211) |
Other comprehensive income: | ||||
Items that will be reclassified to profit or loss Exchange differences on translation of foreign operations | 1,493 | (1,096) | - | - |
Other comprehensive loss for the period, net of tax | 1,493 | (1,096) | - | - |
Total comprehensive loss for the period | (23,668) | (22,703) | (96) | (211) |
31.12.2025 | 31.03.2025 | 31.12.2024 | 31.12.2025 | 31.03.2025 | 31.12.2024 | |
(Unaudited) | (Audited) | (Unaudited) | (Unaudited) | (Audited) | (Unaudited) | |
ASSETS | ||||||
Non-current assets | ||||||
Property, plant and equipment | 12,866 | 14,735 | 19,622 | - | - | - |
Investment property | 2,018 | 2,018 | 4,239 | - | - | - |
Right-of-use assets | 7,766 | 10,479 | 10,199 | - | - | - |
Intangible assets | 12,865 | 13,491 | 42,876 | 66 | 75 | 78 |
Investment in subsidiaries | - | - | - | 26,446 | 26,446 | 26,340 |
Investments accounted for using the equity method | - | - | 515 | - | - | - |
Deferred tax assets | 5,952 | 5,882 | 10,778 | - | - | - |
Other financial assets at amortized cost | 1 | 1 | 1,792 | - | - | - |
Total non-current assets | 41,468 | 46,606 | 90,021 | 26,512 | 26,521 | 26,418 |
Current assets | ||||||
Inventories | 30,389 | 24,311 | 40,043 | - | - | - |
Trade and other receivables | 37,281 | 47,529 | 53,631 | - | - | 12 |
Other assets | 13,320 | 11,957 | 11,303 | - | 39 | - |
Income tax receivables | - | 985 | 1,015 | - | - | - |
Assets directly associate with assets held for sale and discontinued operations | - | 7,433 | - | - | - | - |
Other financial assets at amortized cost | 2 | 842 | 841 | - | - | - |
Cash and cash equivalents | 5,344 | 14,750 | 21,615 | 11 | 12 | 16 |
Total current assets | 86,336 | 107,807 | 128,448 | 11 | 51 | 28 |
Total assets | 127,804 | 154,413 | 218,469 | 26,523 | 26,572 | 26,446 |
EQUITY | ||||||
Stated capital | 35,035 | 35,035 | 35,035 | 35,035 | 35,035 | 35,035 |
Retained earnings / (accumulated losses) | (99,645) | (75,734) | (21,375) | (9,731) | (9,635) | (9,662) |
Other reserves | 1,960 | 3,937 | 3,937 | 532 | 532 | 532 |
Exchange equalization reserve | 2,549 | 280 | (1,182) | - | - | - |
Capital and reserves attributable to owners of the | ||||||
Company | (60,101) | (36,482) | 16,415 | 25,836 | 25,932 | 25,905 |
Non-controlling interests | (559) | (512) | 287 | - | - | - |
Total equity | (60,660) | (36,994) | 16,702 | 25,836 | 25,932 | 25,905 |
LIABILITIES | ||||||
Non-current liabilities | ||||||
Borrowings | 9,050 | 1,106 | 14,160 | - | - | - |
Deferred tax liabilities | 4,356 | 3,832 | 4,455 | - | - | - |
Lease liabilities | 5,409 | 7,016 | 8,304 | - | - | - |
Employee benefit obligations | 2,865 | 2,754 | 2,681 | - | - | - |
Total non-current liabilities | 21,680 | 14,708 | 29,600 | - | - | - |
Current liabilities | ||||||
Trade and other payables | 72,893 | 66,966 | 64,413 | 687 | 640 | 541 |
Lease liabilities | 2,870 | 4,163 | 2,726 | - | - | - |
Income tax liabilities | 115 | 90 | - | - | - | - |
Liabilities directly associated with the held for sale and discontinued operations | - | 917 | ||||
Borrowings | 90,906 | 104,563 | 105,028 | - | - | - |
Total current liabilities | 166,784 | 176,699 | 172,167 | 687 | 640 | 541 |
Total liabilities | 188,464 | 191,407 | 201,767 | 687 | 640 | 541 |
Total equity and liabilities | 127,804 | 154,413 | 218,469 | 26,523 | 26,572 | 26,446 |
Hela Apparel Holdings PLC
Public Limited Liability Company
Incorporated under the Companies Act No.7 of 2007
11 October20l8
PQ00205151
31 March
Providing consultancy and support services to group companies.
No. 35, Balapoku na Road, Colombo 06, Sri Lanka.
https://www.helaclothing.com
P L D jinadasa
G P Gunawardana A Cockerham
C M Horn
A De Silva Muthumuni R Evans
Corporate Advisory Services (Pvt) Ltd
No. 47, Alexandra Place, Colombo 07, Sri Lanka.
Deloitte Partners
No. 100, Braybrooke Place, Colombo 02, Sri Lanka.
SSP Corporate Services (Pvt) Ltd
No. 101, Inner Flower Road, Colombo 03, Sri Lanka.
Manufacture of apparel for export markets and provision of front-end services to foreign customers
Hela Clothing (Private) Limited Hela Brands Limited
Foundation Garments (Private) Limited F D N Sourcing (Private) Limited
AIpha Textiles (Private) Limited Hela Investment Holdings Limited
Hela Indochine Apparel Private Limited Hela Intimates EPZ Limited
Hela USA, Inc.
Hela Clothing Egypt SAE Focus Brands Limited
Focus Group Holdings Limited Focus Italy S. r.I
Hela Brands Limited Focus International GMBH
Focus Sports & Leisure International Limited Focus Equip ment Limited
Sumbiri Intimate Apparel Private Limited Safeguard Workwear EPZ Limited
Absa Bank Kenya PLC Bank of Ceylon
Commercial Bank of Ceylon PLC Commercial Bank of Ethiopia DFCC Bank PLC
Equity Bank Kenya Limited Hatton National Bank PLC National Bank of Egypt
National Development Bank PLC Nations Trust Bank PLC
People's Bank Sampath Bank PLC
Standard Chartered Bank PLC Qatar National Bank
Afrasia Bank Limited Barclays PLC
35 Balapokuna Road, Colombo 6, Sri Lanka
https://www.helaclothing.com