LANKA IOC PLC
FINANCIAL STATEMENTS - 31ST DECEMBER 2025
CONTENTS
STATEMENT OF FINANCIAL POSITION STATEMENT OF COMPREHENSIVE INCOME STATEMENT OF CHANGES IN EQUITY CASH FLOW STATEMENT
NOTES TO THE FINANCIAL STATEMENTS
LankaStatement of Financial Position
(all amounts in Sri Lanka Rupees 000's)
As at | As at |
31st Dec 2025 | 31st Mar 2025 |
5,304,409 | 5,162,848 |
6,043,000 | 6,043,000 |
137,200 | 137,200 |
673,876 | 673,876 |
536,168 | 579,624 |
165,367 | 165,367 |
26,273,851 | 15,403,055 |
7,033 | - |
39,140,904 | 28,164,970 |
26,032,087 | 43,737,259 |
16,431,485 | 15,433,878 |
30,713,885 | 29,519,567 |
5,083,004 | 1,923,740 |
78,260,461 | 90,614,443 |
117,401,365 | 118,779,413 |
7,576,574 | 7,576,574 |
1,649,000 | 1,649,000 |
78,256,182 | 73,466,048 |
87,481,756 | 82,691,622 |
- | 10,914 |
434,345 | 490,964 |
116,995 | 36,688 |
551,340 | 538,566 |
4,959,561 | 7,444,789 |
497,551 | 720,239 |
23,833,693 | 27,303,080 |
77,464 | 81,117 |
29,368,269 | 35,549,225 |
117,401,365 | 118,779,413 |
Note
ASSETS
Non Current Assets
Property, Plant and Equipment Long term Investment -CPSTL Long term Investment -TPTL Intangible Assets
Right to Use-Lease Assets Other Receivables
Long term Investment
Defined Benefit Plan Assets (Net)
Current Assets
Inventories
Trade and Other Receivables Short Term Investments Cash and Bank Balances
Total Assets
EQUITY AND LIABILITIES
Capital and Reserves
Stated Capital Other Reserve Retained Earnings Total Equity
Non Current Liabilities Defined Benefit Obligation (Net) Right to Use-Lease Liability Deferred Tax Liability (Net)
Current Liabilities
Interest Bearing Borrowings Income Tax Payable
Trade and Other Payables Right to Use-Lease Liability
Total Equity and Liabilities
(The above figures are unaudited)
I certify that these financial statements have been prepared in compliance with requirement of the Companies Act, No. 7 of 2007
Avinash Singhal
Sr Vice President (Finance)
The Board of Directors is responsible for these financial statements. The Financial Statements were authorised for issue by the Board of Directors on 14th January 2026
Dipak Das Mr H.Manil Anthony Jayasinghe
Managing Director Director
Date : 14th January 2026 Date : 14th January 2026
LankaStatement of Comprehensive Income
(all amounts in Sri Lanka Rupees 000's)
Three Months Ended
Nine Months Ended
Oct- Dec 2025-26 | Oct- Dec 2024-25 | Apr- Dec 2025-26 | Apr- Dec 2024-25 |
71,617,268 | 62,459,449 | 204,511,787 | 209,186,152 |
(67,734,989) | (58,161,804) | (190,101,339) | (193,727,960) |
3,882,279 | 4,297,645 | 14,410,448 | 15,458,192 |
45,879 | 37,179 | 195,424 | 131,850 |
(1,679,665) | (2,052,247) | (6,481,705) | (6,444,174) |
(803,869) | (735,698) | (2,311,228) | (2,266,225) |
1,444,624 | 1,546,879 | 5,812,939 | 6,879,643 |
1,410,332 (146,921) 2,708,035 | 1,197,056 (130,771) 2,613,164 | 3,864,218 (375,980) 9,301,177 | 3,918,599 (403,391) 10,394,851 |
(557,321) | (493,003) | (1,870,180) | (1,973,479) |
2,150,714 | 2,120,161 | 7,430,997 | 8,421,372 |
- | - | - | - |
- | - | - | - |
2,150,714 | 2,120,161 | 7,430,997 | 8,421,372 |
4.04 | 3.98 | 13.96 | 15.82 |
Revenue Cost of Sales
Gross Profit
Other Operating Income
Selling and Distribution Expenses Administrative Expenses Operating Profit/(Loss)
Finance Income Finance Expenses
Profit/(Loss) Before Tax
Income Tax
Profit/(Loss) for the period
Other Comprehensive Income /(Loss) Items that will not be reclassified to profit or loss: Other Comprehensive Income /(Loss)
Income tax on other Comprehensive income/(loss)
Total Comprehensive Income/(Loss), Net of Tax
Earnings Per Share
(The above figures are unaudited)
LankaStatement of changes in equity
(all amounts in Sri Lanka Rupees in '000's)
Stated Other Retained Total Capital Reserve Earnings (Financial Assets at Rs. FVOCI) Rs Rs. Rs. | ||||
Balance at 1st April 2024 | 7,576,574 | 912,000 | 64,981,583 | 73,470,157 |
Dividends Paid | - | - | (2,662,329) | (2,662,329) |
Profit /(Loss) for the Period | - | - | 8,421,372 | 8,421,372 |
Balance at 31st December 2024 | 7,576,574 | 912,000 | 70,740,626 | 79,229,200 |
Balance at 1st April 2025 | 7,576,574 | 1,649,000 | 73,466,048 | 82,691,622 |
Dividends | - | - | (2,662,329) | (2,662,329) |
Forefeited dividend | 21,466 | 21,466 | ||
Profit /(Loss) for the Period | - | - | 7,430,997 | 7,430,997 |
Balance at 31st December 2025 | 7,576,574 | 1,649,000 | 78,256,182 | 87,481,756 |
( The above figures are unaudited)
LankaCash Flow Statement
Apr- Dec | Apr- Dec |
2025-26 | 2024-25 |
9,301,177 | 10,394,851 |
(3,864,218) | (3,918,599) |
375,980 | 403,391 |
(50,000) | - |
(196) | (3,585) |
(354) | (578) |
463,777 | 424,639 |
43,457 | 33,284 |
12,337 | 10,610 |
6,281,960 | 7,344,013 |
17,705,172 | (5,148,881) |
(997,608) | 8,567,546 |
(3,482,379) | (3,451,039) |
19,507,145 | 7,311,639 |
(2,025,349) | (2,641,661) |
(375,980) | (403,391) |
3,864,218 | 3,918,599 |
(20,772) | (15,998) |
20,949,262 | 8,169,189 |
50,000 | - |
(605,347) | (568,461) |
204 | 3,961 |
(10,870,795) | - |
- | (39,200) |
39,073 | (13,304) |
(11,386,865) | (617,004) |
31,855,797 | 53,943,960 |
(34,341,025) | (54,824,564) |
(2,650,978) | (2,662,329) |
(72,610) | (38,110) |
(5,208,816) | (3,581,043) |
4,353,582 | 3,971,142 |
31,443,307 | 45,206,384 |
35,796,889 | 49,177,526 |
5,083,004 | 1,991,630 |
30,713,885 | 47,185,896 |
35,796,889 | 49,177,526 |
(all amounts in Sri Lanka Rupees in '000's)
Cash Flows From/(Used in) Operating Activities
Profit /(Loss)before Income Tax Expense
Adjustments for
Finance Income Finance Expenses Dividend Income
(Profit)/Loss on Sale of Property Plant and Equipment Defined Benefit Plan Cost
Depreciation
Amotisation Right to use Assets Lease Interest - Right of - use Assets
Operating Profit/(Loss) before Working Capital Changes Changes in Working Capital
(Increase)/ Decrease in Inventories
(Increase) /Decrease in Trade and Other Receivables Increase/ (Decrease) in Trade and Other Payables
Cash Generated From/(Used in) Operations
Income Tax Finance Expenses Finance Income
Defined Benefit Paid
Net Cash Flows From Operating Activities Cash Flows from Investing Activities
Dividend Income
Acquisition of Property, Plant and Equipment
Proceeds on disposal of Property, Plant and Equipment Withdrawal/(Investment) in Long Term Investments Investment In TPTL
Net (Investment)/Withdrawal in Gratuity Fund
Net Cash Flows From/(Used in) Investing Activities
Cash Flows From Financing Activities Proceed from Interest bearing borrowings Repayments of Interest bearing borrowings Dividend Paid
Payment to Lease Creditor
Net Cash Flows From/(Used in) Financing Activities
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
Analysis of Cash and Cash Equivalents
Cash in hand & at Bank Short Term Investments
Total cash and cash equivalents
(The above figures are unaudited)
Lanka IOC PLC
Notes to the Financial Statement
- General Information
The Company commenced commercial operations of importing, selling and distribution of Petroleum products on 14th February 2003. The Company is a public limited liability company incorporated and domiciled in Sri Lanka. The address of its registered office is Level 20, West Tower, World Trade Centre, Colombo.
The Company has its primary listing on the Colombo Stock Exchange.
These financial statements have been approved for issue by the Board of Directors on 14th January 2026.
- Basis of preparation
These condensed interim financial statements of Lanka IOC PLC are for the period ended 31st December 2025. They have been prepared in accordance LKAS 34, Interim Financial Reporting, These interim financial statements have been prepared in accordance with those SLFRS standards and IFRIC interpretation issued and effective as at the time of preparing these statements. The condensed interim financial statements do not include all of the information required for full annual financial statements. The condensed Interim Financial Statements should be read in conjunction with the annual financial statements for the year ended 31st March 2025.
- Accounting Policies
The Accounting policies adopted are consistent with those of the previous financial year as reported in the annual financial statements for the year ended 31st March 2025.
Net assets per share have been computed based on number of shares in issues as at 31st December 2025
The presentation and classification of the Financial Statements of the previous year have been amended, where relevant, for better presentation and to be comparable with those of the current year.
Social Security Contribution Levy (Amendment)Act No.24 of 2025 published on 26.12.2025, exempting sale of Petrol and Diesel wef 01.07.2025.An amount of LKR 652.61 Million paid to IRD during Q2 25-26 will be recognised based on the guidelines from Inland Revenue Department of Sri Lanka on excess payment.
Events after the end of reporting period
No any events have occurred since the statement of financial position date which would require adjustments to, or disclosure in, the financial statements.
Share price movement
The market prices during 2025-26
Highest prices LKR 141.00
Lowest prices LKR 125.00
Last trade price LKR 129.00
Oct - Dec
2024-25
131.00
108.75
126.00
Net Asset Value per share (31st December 2025) - LKR 164.30
Net Asset Value per share (31st March 2025) - LKR 155.30
Net Asset Value per share (31st December 2024) - LKR 148.80
Notes to the Financial Statement for the quarter ended 31st December 2025 10- Stated Capital is represented by 532,465,705 ordinary Shares.
11- Names and the Number of Shares held by the largest 20 shareholders as at 31st December 2025
Name | No.of Shares | Percentage | |
1 | Indian Oil Corporation Limited, India | 400,000,005 | 75.12 |
2 | Sri Lanka Insurance Corporation Ltd-Life fund | 7,975,875 | 1.50 |
3 | J B Cocoshell (Pvt) Ltd | 7,934,058 | 1.49 |
4 | Mr. K.A.S.R. Nissanka | 4,450,519 | 0.84 |
5 | Hatton National Bank PLC-Senfin Growth Fund | 4,179,718 | 0.79 |
6 | Bank of Ceylon A/c Ceybank Unit Trust | 4,158,839 | 0.78 |
7 | Employees Trust Fund Board | 3,164,309 | 0.59 |
8 | Odyssey Capital Partners (Private) Limited | 2,742,969 | 0.52 |
9 | Mr. L.J.M.A. Jayasundara & Mrs. R.R. Jayasundara | 2,464,016 | 0.46 |
10 | Employees Provident Fund | 2,346,558 | 0.44 |
11 | Deutsche bank AG as Trustee for JB Vantage Value Equity Fund | 1,794,026 | 0.34 |
12 | Mr. N. Samarasuriya & Mrs. C. Samarasuriya | 1,704,000 | 0.32 |
13 | Seylan Bank PLC/JN Lanka Holdings Company (Pvt) Ltd | 1,678,344 | 0.32 |
14 | Assetline Finance Limited/British American Technologies Pvt Ltd | 1,451,796 | 0.27 |
15 | National Savings Bank | 1,241,959 | 0.23 |
16 | Mr. M.A. Jafferjee | 1,085,009 | 0.20 |
17 | Mr. S.V. Somasunderam | 1,000,000 | 0.19 |
18 | Insite Holdings (Pvt) Ltd | 1,000,000 | 0.19 |
19 | Mrs. T.T.A. De silva Weerasooria | 982,261 | 0.18 |
20 | Akbar Brothers Pvt Ltd | 971,717 | 0.18 |
Total | 452,325,978 | 84.95 |
12- Public Holding as a % of issued Share Capital | 24.88% |
Number of Public Shareholders | 15,012 |
Compliant under Option -1 Float adjusted market capitalization (LKR Mn) | 17,088 |
The Company complies with Minimum Public Holding Requirement under option 1 of the Listing Rules 7.14.1 (a) which is no minimum % requires in Public Holding and Number of Public Shareholders 500 . | |
13- Directors' Shareholding as on 31st December 2025 |
Mr.Anuj Jain -Chairman | Nil |
Mr.Saumitra P Srivastava | Nil |
Mr Dipak Das | Nil |
Mr.Rajesh Singh | Nil |
Mr H.Manil Anthony Jayasinghe | Nil |
Mr.Sivakrishnarajah Renganathan | Nil |