Interim Financial Statements as of 31/03/2025

Company Registration PQ 203

No:48, Janadhipathi Mawatha

Colombo-01

THE KINGSBURY PLC

Statement of Financial Position

(All amounts in Sri Lanka Rupees thousands)

Unaudited

Audited

As at 31.03.2025

As at 31.03.2024

ASSETS

Non-current assets

Property Plant and Equipment

4,431,681

4,497,314

Intangible assets

15,742

20,639

Right-of-use asset

10,931

11,180

Total non-current assets

4,458,354

4,529,133

Current assets

Inventories

145,076

170,410

Trade and other receivables

1,186,432

870,866

Other current assets

85,626

97,413

Tax Receivable

9,310

7,494

Cash and cash equivalents

95,743

147,035

Total current assets

1,522,187

1,293,218

EQUITY AND LIABILITIES

Capital and reserves

Stated capital

836,000

836,000

Reserves

1,327,106

1,357,389

Retained earnings

(247,942)

(842,609)

Total Equity

1,915,164

1,350,780

Non- current liabilities

Interest-bearing borrowings

910,873

1,260,367

Post employment benefit obligation

128,935

109,180

Deferred tax liability

594,885

620,275

Lease liability

19,026

19,036

Other liabilities

3,600

1,600

Total non-current liabilities

1,657,319

2,010,458

Current Liabilities

Trade and other payables

1,515,417

1,612,495

Interest-bearing borrowings

349,493

402,803

Other current liabilities

154,912

144,898

Bank Overdraft

388,236

300,917

Total current liabilities

2,408,058

2,461,113

Total liabilities

4,065,377

4,471,571

Total equity and liabilities

5,980,541

5,822,351

I certify that these Financial Statements have been prepared in compliance with the requirements of the Companies

Act No 7 of 2007.

Sgd.

Ravindra Dissanayake

Head of Finance

The Board of Directors is responsible for the preparation & presentation of these Financial statements.

Sgd.

A M Pandithage

Executive Chairman

Sgd.

R J Karunarajah

Managing Director

28th April 2025

Colombo

THE KINGSBURY PLC

Statement of Profit or Loss

Unaudited

Audited

Unaudited

Unaudited

Year ended

Year ended

Change

Quarter ended

Quarter ended

Change

31.03.2025

31.03.2024

%

31.03.2025

31.03.2024

%

5,327,046

5,266,787

1

1,387,105

1,402,956

(1)

(2,771,802)

(2,774,366)

0

(676,879)

(712,739)

5

Gross profit

Other income (Note 04)

Administrative expenses

2,555,244

2,492,421

3

710,226

690,217

3

20,352

14,347

42

(11,300)

10,638

< 100

(1,777,934)

(1,869,081)

5

(366,932)

(512,357)

28

(92,160)

(85,344)

(8)

(25,052)

(37,626)

33

.

705,502

552,343

28

306,942

150,872

>100

13,994

6,047

>100

10,484

1,081

>100

(179,909)

(303,737)

41

(44,245)

(67,097)

34

539,587

254,653

>100

273,181

84,856

>100

11,566

9,432

23

103,936

(6,782)

>100

551,153

264,085

>100

377,117

78,074

>100

1.14

0.55

0.78

0.16

THE KINGSBURY PLC

Statement of Comprehensive Income

(All amounts in Sri Lanka Rupees thousands)

Unaudited

Audited

Unaudited

Unaudited

Year ended

Year ended

Change

Quarter ended

Quarter ended

Change

31.03.2025

31.03.2024

%

31.03.2025

31.03.2024

%

Profit / (Loss) for the period

551,153

264,085

>100

377,117

78,074

>100

-

938,021

-

(281,406)

12,978

13,028

(2,817)

(9,951)

845

2,985

Other Comprehensive Income not to be reclassified to profit or loss in subsequent periods

Revaluation of building and building integrals

-

938,021

Deferred tax effect on building and building integrals

-

(281,406)

Deferred tax on transfers

12,978

13,028

Re-measurement loss on defined benefit plans

(2,817)

(9,951)

Deferred tax effect on defined benefit plans

845

2,985

Total Comprehensive Income/(loss) for the year, net of tax

562,159

926,762

(39)

388,123 740,751

THE KINGSBURY PLC

Statement of Changes in Equity

Stated Capital

Revaluation Reserve

Retained Earnings

Total

836,000

731,173

(1,143,155)

424,018

Profit / (Loss) for the twelve months

-

-

264,085

264,085

Revaluation of building and building integrals

-

938,021

-

938,021

Deferred tax effect on building and building integrals

-

(281,406)

-

(281,406)

Other Comprehensive income

-

-

(6,966)

(6,966)

Total comprehensive income

-

656,615

257,119

913,734

Transfer to retained earnings from Revaluation Reserves

-

(43,427)

43,427

-

Deferred tax on transfer

-

13,028

-

13,028

Balance as at 31.03.2024

836,000

1,357,389

(842,609)

1,350,780

Balance as at 01.04.2024

836,000

1,357,389

(842,609)

1,350,780

Profit / (Loss) for the twelve months

-

-

551,153

551,153

Other Comprehensive income

-

-

(1,972)

(1,972)

Total comprehensive income

-

-

549,181

549,181

Transfer to retained earnings from Revaluation Reserves

-

(43,261)

43,261

-

Deferred tax on transfers

-

12,978

-

12,978

2,225

2,225

Balance as at 31.03.2025

836,000

1,327,106 (247,942) 1,915,164

The notes on page 6 forms an integral part of these Financial Statements.

Figures in brackets indicate deductions or losses.

THE KINGSBURY PLC

Statement of Cash Flows

(All amounts in Sri Lanka Rupees thousands)

Unaudited

Audited

Year ended

Year ended

31.03.2025

31.03.2024

Operating activities

Cash generated from operations (Note A)

593,806

473,626

Interest paid

(163,532)

(87,749)

Retirement benefits paid

(12,138)

(13,947)

Net cash generated from /(used in) operating activities

418,136

371,930

Investing activities

Purchase of property plant & equipment

(151,587)

(112,326)

Purchase of intangible assets

(762)

(7,508)

Proceeds from disposal of property plant & equipment

2,065

-

Interest received

4,731

5,774

Net cash generated from/(used in) investing activities

(145,553)

(114,060)

Financing activities

Payments on interest-bearing borrowings

(402,804) (310,176)

Payments on lease rent - capital portion

(10) (8)

Net cash used in financing activities

(402,814) (310,184)

Effect of exchange rate changes on cash & cash equivalents

(8,379) (28,743)

Net increase/(decrease) in cash and cash equivalents

(138,611)

Movement in cash and cash equivalents (Note B)

At the begining

(153,882)

(72,825)

Net increase/(decrease) in cash and cash equivalents

(138,611)

(81,057)

At end of the Period

(292,493)

(153,882)

Note A

Unaudited

Audited

Year ended

Year ended

31.03.2025

31.03.2024

Cash flows from operating activities

Profit / (Loss) before tax

539,587

254,653

Adjustments for:

Finance Expenses

162,267

274,721

Finance Income

(4,731)

(5,774)

Net Foreign exchange (gain) / loss

8,379

28,743

Depreciation on property, plant & equipment

214,111

161,640

Amortization of Rights of use Asset

247

247

Amortization of intangible assets

5,660

5,662

Post employment benefit plans

29,419

24,711

Provision for Bad & Doubtful Debts

(2,309)

2,989

Loss on disposal of property, plant & equipment

1,524

893

Operating profit before working capital changes

954,154

748,485

(Increase)/Decrease in trade and other receivables

(300,297)

(531,778)

(Increase)/Decrease in inventories

25,334

(2,437)

Increase/(Decrease) in trade and other payables

(85,386)

259,356

Net Cash generated from/(used in) operations

593,806

473,626

Note B

Analysis of cash and cash equivalents

Cash & cash equivalents

95,743

147,035

Bank Overdraft

(388,236)

(300,917)

(292,493)

(153,882)

The notes on page 6 forms an integral part of these Financial Statements.

Figures in brackets indicate deductions.

THE KINGSBURY PLC

Notes to the Financial Statements

1

The Interim 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 31stMarch 2024.

2

The accounting policies have been consistently applied by the Company and are consistent with those used in the financial year ended 31st

March 2024. 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 31st March 2025 and The Statement of Profit or Loss for the twelve 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.

5

No circumstances have arisen since the Statement of Financial Position date, which would require adjustments to the Interim Financial

statements.

6

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 31st March 2025.

4

Other income

31.03.2025

31.03.2024

(Rs.000)

(Rs.000)

(1,524)

(893)

21,876

15,240

20,352

14,347

Loss on disposal of property, plant and equipment

Sundry Income

7

Stated Capital

THE KINGSBURY PLC

Investor Information as at 31st March 2025

The market value of an Ordinary share recorded during the quarter

31.03.2025

31.03.2024

21

Highest price (Rs.)

14.50

11.90

#

Lowest price (Rs.)

11.10

10.20

#

Last Traded Price (Rs.)

11.90

10.80

#

Ratios

31.03.2025

31.03.2024

Basic Earnings per share (Rs.)

1.14

0.55

#

Net assets per share (Rs.)

3.96

2.79

#

Price earning ratio (Times)

10.45

19.79

#

Share trading information for the quarter

31.03.2025

No: of transactions

4,197

No: of shares traded

30,340,492

Value of shares traded (Rs.)

399,548,230

Top 20 Shareholders

Name of Shareholder

No. of Shares

%

1

Hayleys PLC

174,614,114

36.08

2

Carbotels (Pvt) Limited

113,250,000

23.40

3

Employee'S Provident Fund

51,089,884

10.56

4

Mr. Kulappuarachchige Don Harindra Perera

15,096,347

3.12

5

Mr. Kulappu Arachchige Don Anurada Perera

13,346,626

2.76

6

Bank Of Ceylon-No2 A/C (BOC PTF)

10,010,351

2.07

7

Mr. Kulappuarachchige Don Dammika Perera

6,432,292

1.33

8

Renuka Hotels PLC

4,742,600

0.98

9

Renuka City Hotels PLC

4,520,600

0.93

10

Renuka Consultants & Services Limited

3,670,200

0.76

11

Mr. Narawala Gamage Mahinda

3,403,529

0.70

12

People'S Leasing & Finance PLC/L.P.Hapangama

2,950,287

0.61

13

Mr. Shiran Harsha Amarasekera

2,534,000

0.52

14

Mr. Amarakoon Mudiyanselage Weerasinghe

2,507,771

0.52

15

Mr. Gonalagodaghe Buwaneka Dinuwan Thilakaratne

2,500,000

0.52

16

Mr. Addara Pathiranage Somasiri

2,200,000

0.45

17

Cargo Boat Development Company PLC

2,020,200

0.42

18

Seylan Bank Plc/Andaradeniya Estate (Pvt) Ltd

1,700,000

0.35

19

J.B. Cocoshell (Pvt) Ltd

1,673,554

0.35

20

Sampath Bank Plc/Mrs.Priyani Dharshini Ratnagopal

1,650,000

0.34

419,912,355

86.76

Percentage of Public Shareholding

39.17%

Total No. of shareholders represent in the public holding

5,027

Float adjusted Market Capitalization (Rs)

2,255,985,269

Name of Director

No. of Shares

1

Mr. A.M. Pandithage

Nil

2

Mr. S.C. Ganegoda

125,000

3

Mr. N.J. De Silva Deva - Aditya

Nil

4

Mrs. R.N. Ponnambalam

Nil

5

Mr. R.J. Karunarajah

Nil

6

Mr. T.A.B. Speldewinde

Nil

7

Ms. D. B. Perera

Nil

8

Mr. D.T.R. De Silva

Nil

9

Mr.A.J.Alles (Appointed on 24-01-2025)

Nil

10

Ms. I. Jamaldeen (Resigned with effect from 22-01-2025)

Nil

THE KINGSBURY PLC

Corporate Information

Name Of Company

The Kingsbury PLC

Company Registration No

PQ 203

Legal Form

A Public Limited Company Incorporated in Sri Lanka on 04th May 1969

Registered Office

No. 48, Janadhipathi Mawatha

Colombo 01

Sri Lanka

Board Of Directors

Mr. A. M. Pandithage (Chairman)

Mr. R. J. Karunarajah (Managing Director)

Mr. N. J. De S. Deva Adithya

Mr. S. C. Ganegoda

Ms. R. N. Ponnambalam

Mr. T. A. B. Speldewinde

Ms. K. A. D. B. Perera

Mr. D. T. R. De Silva

Ms. I. Jamaldeen (Resigned w.e.f. 22 Jan 2025)

Mr. A. J. Alles (Appointed w.e.f. 24 Jan 2025)

Mr. T. M. Hewagama (Appointed w.e.f. 28 Apr 2025)

Audit Committee

Mr. T. A. B. Speldewinde (Chairman)

Mr. D. T. R De Silva

Mr. A. J. Alles

Remuneration Committee

Mr. T. A. B. Speldewinde (Chairman)

Mr. D. T. R De Silva

Mr. A. J. Alles (Appointed w.e.f. 28 Apr 2025)

Mr. S. C. Ganegoda

Nominations And Governance Committee

Mr. T. A. B. Speldewinde (Chairman)

Mr. D. T. R De Silva

Mr. A. J. Alles (Appointed w.e.f. 28 Apr 2025)

Mr. S. C. Ganegoda

Related Party Transactions Review Committee

Mr. T. A. B. Speldewinde (Chairman)

Mr. D. T. R De Silva

Mr. A. J. Alles (Appointed w.e.f. 28 Apr 2025)

Mr. S. C. Ganegoda

Secretaries

Hayleys Group Services (Private) Limited

No. 400, Deans Road

Colombo 10

Sri Lanka

+94 112 627 650-3 (4 lines)

Auditors

Ernst & Young

Chartered Accountants

Rotunda Towers,No 109,Galle Road

Colombo 03

Sri Lanka

Bankers

Hatton National Bank PLC

Bank of Ceylon

Nations Trust Bank PLC

Investor Relations

Please contact Sector Head of Finance : Mr. P. Senadeera

+94 77 108 7703

Piyal.S@hayleysleisure.com