Lighthouse Hotel : Interim report for the 03 months ended 30th June 2025

About this update from Lighthouse Hotel Plc

LIGHTHOUSE GALLE • SRI LAN KA THE LIGHTHOUSE HOTEL PLC Company Registrar Humber - PO 72 Incl= Mona+is euo£ o BOTH JUbtE 2026 THE LIGHTHOUSE HOTEL PLC CORPORATE INFORMATION NAME DF COMPANY LEGAL FORM BOND OK DtREGTORS SECRETARIES AUDITORS HOTEL OPERATION & MARKETING REGISYEREO 6KFTCE Tha Lighkouse Hotel PLC Company Number PO 78 A Quoted ublic Company uh Limibd LJabzl/fy incorporated in Sri Lanka in 1994 N.J.H.M.Oooray - Chairman @,AE. Samrasinghe (reBjgned w.e.f. 33rd Msy 2025} N.T.M.S.CoorBy (Ms) N.Wadugodapifiya C.l2.R.S. Anthony A.M.OndaB9ie (M5) C.PathifaiB (Dr) M,P. AbayeseLara lie) H.A. CBbra al M.P.D. Cooray N.J.D.@. Cooray W w. e. f. 23rd May 30:25! C orgo ale Services fPvt) Lid 216, Oe garam Place CoTomDo 10. Phone . e718200 Messrs Ernst s Young Chartered mcounlanls Bafunda Towers. Nc' 109, Table Road, Colombo 03. 4B/26, Nawam Mawaka C Dlombo 2. Phone : 470S'400 Web : yww.@fwingftofeT$.co'in Jetting nouae" 4B/26. N8wam Maratha THE LTGHTHDUSE HOIEL PLC STATEMEN 7 OF FINANCIAL PORT 1gOR PB.'DBd Re.'000 Rs,'0tI B Non - Currant A as sts Property, 'lam and Equipment 9.083 1d8 5,6CO, 18 0 49 fig 496 OseñmCvnelFnañalAsl Invor to cms 1'rade and User Receivables O•har C urtonT PinancJal hseels 31.076 29,50S 66,9M 29,36• Cash at bank and in Hand EQUITY AND LMBILFF¥ S @o@ AttMbutatiTe zo equhy holders of the Parant BIa•cd Capilal Resen'es 2,S69,774 +so,es1 9,536.377 2.58?. 377 pmainod Ea mings GB OPB Na*CanrQIngIne‹eei TmñEgu#y Non-Current Liabilities Post- Employment Bed Liability Internet Bcanng Loans 8 Rio.•rowii+gs 63,$76 11.881 4l/,682 16,881 'efe+r ed Tax LiabJiues Cunent LiADTIitIes Trade and Oder Payables 18§865 198,090 966,713 236.g22 109.395 B$. SBB •Y 224 Fotat Llabbftlea Fetet GguJty and LtablMea ?hc statement of Financial Pos iticn as at : Oth Jvra 2025. Clio Sta'omcnt of Profit or Loss . statement of ¿omprertensive In ooma. Statement of Changes in Equfly ana C ash rln ¿gzement for the rhree marine then ertoed ara drawn up horn the unaud!1ed I oancial ¥ñrenjenls st me +oup/C amp any and they provide sha •nfc'rmation requir ad by be Cdombo s:ocr ¿ Miange. jt i certified it the financial she•cmsnt huge beau ptepa r ed in compIiar+ce wilfi ma requirements of tho C one panics A-1 No.7 of ?g07. Tha Board of L •actors is raspor.sible fsr Ihnc f•»anciei safe we»s. Signed for .d on behak of the Boaro by. fl.J.D.V.Cooky Dixcm flirt August 2025 Cñoimo Page 2 at 13 THE LIGHTHOUSE HOTEL PLC STAJ"EMENT OF PROFIT OR LPS s - C eO u0 Audited 3 tiflonlfis End-ed Variance 30th June favourable endd Unaudited Unaudited {Unfavourable) 3L03.2026 2025 2024 Rs.'000 Re,'d0o 1,457,675 Revenue 257,264 257, T72 0' {289.245) Cost of Sales (87.826) (63,03) J ,168,430 Gross Profit 189,438 184.229 1 2,832 Other T ncome & Gains zs 571 {32,38't) Marketing & P romoti9na Expenses (5,022) (5,331) (67B, 1g5) Adminiscsfive Expenses (157,027) (141, 069) -11% 470, b83 Profit from operatione beforo tlne foTTowing items 27,464 48, 400 (98, 2Z6) Depreciation & Amortization {2g,Z90) (23,243} -22'4 (1 3.550) Finance Cost (2,565) {d,055) 37°1 79G Fan ence lname 2Q# 3.275 Gain or a Bargain Purchase 12,228 359,603 Profit/(Loss) Before Tax 9,D41 -63% (126,45d } Income Tax Expenses {1,760} /6,627) 73X 233, 23g Met Profit/{Logs) for the Period W,Z81 1 z , 40 -59% 233,239 Attributable to: Equity hollers of th+s Parent Company 7,281 17,740 - Non-oontroting Interest 2 $6 2 $e 7,281 $i,i40 5.07 Eamings/(Loss) per share for lhe peñod (Basic)-Rs. 0.16 0.39 97, B80 N9teg OperaUnQ profit/{loss) is afler Charging folf0Tng Depredation Figures in brackets indicate deductions 28,201 Page 3 of 13 THE LIGHTHOUSE HOTEL PLC STATEMENT OF PROFIT OR L OSS - ? C'M. ANY Audited Months Ended Variance year 30th June Favourable ended 31.03.2025 U naudited Z02S Unaudhed Zg24 T Unfavourable ) Rs.'0 00 Re.'000 Rs.•008 1,374,513 Revenue 237,G81 238,652 (2WS,Z73) Cost of Sales {84,764) (59.843) 1,099,ts0 172,817 178,809 12,703 Dfller Income & G 9ins 76 572 Marketng 8 Promoional Expenses (4,715) Administrative Expenses {139,16s) 131,886} 44 6,504 Profit from op•rati one before the following item 6 29,218 43,078 -32'A (B7,72S) Depreciahcn & Arrtorbzation {32,839) {20,687) -109a (11,973) F inan ce Cost {1,553) (3,563) 5696 5,643 Finance Income 204 3,Z72 Profit/{Los6) Before Tax 5,028 22,100 -77°A (t21,9S9) Income Tax Expenses {1,760) (6,627) 73°S 230,480 Net P rofiV(Log6) to r the Period 3,268 -79°& 5.01 Earnings/fLoss) per share for the period (Basic)•Rs. 0.07 0.34 Notes 1. Operating profit/(Toss) is after Charging following 87,533 Deprec.ation 22,790 Z0B88 2. Figures in brackets indicam deductions P age 4 of 13 THE LlGHTHousE HoTEL PLC Audited Year ended 31 0S 2a RB.'00 I unaudited Unaudlted 3 Months Ended 30.06.2Q25 UO06.2024 Rs:ODO Rs:000 233.239 Net Pz fin(Loss! for the penod Other Comprehensive lnco rrt e not te 6e reclu:sorrier ro S taternent of PfioTlt or Locs in subeopuont periods . ( 18.21ét Fair Value gain (Loss) on equity inesvnents at fair value Through Other Comprehensive Income (322) Actuarial GainF{L osa) on P•ost•E mpoyment 6enefi' L‹aciili'ies 96 Deferred Tax attributable to Post Employment Benefit LiaDiTity 330,678 Revaluation S urglus of F rI=ehod Land (09,2O3T Oeferred Tax Afiributable to Revaluation S' rglus 213 030 @6,269 Total Gomprehensive Income/(Loss) for the Period T,281 17,740 Attributable to: 440,269 Equ:b/ welder of the Parel t Company - Non-cci fOIIin 9 lnterest 44s,269 7,28 1 7.2B1 1 ?,740 a7,740 Audited Year U nau dited Unaudited 3 MontTye Ended 31.03.202$ Rs.'000 330.'4 80 Net ProfiE'(Loss) fior the period 30.06.202S Rs.'000 3.2B8 30.06.2024 Rs.'000 15.473 Other Comprehensive lncotrie riot to be reels siriea to Statement of Prorit 4r Loss In su bs equentperiods ." (18,219) fair Value gain (loss) on equzLy inestrnents at fair value Through Other Comprehensive !ncome (274) Actuarial Gain/{Loss) o^ ost-Emp1oymont Benefit Liabilities g2 0'eferreo Tax attnbuLable to Post Employment Benefit Liabil.ry ñt 5. 528 Revaluation Surplus of Fre ehold Land (0-4,77gt Deferred "Fax AtL ibukbTe ro Revaluauon Surplus 20Z 739 Other Comprehensive Incomer(rosa) for the Period 433 219 Tote1 C omprehen6iye I^come/{Lase) for the Period :t268 15.473 Page 5 uf 12 GRO'J P Qhct comp+etiensñ e Inrome''fLoss ) 7c4aI c•r•s++liens+«e Incnmcñf.ossJ eroTii/]k ossl sat the Ferlo6 THE LIGHTHOUSE HOTEL PLC flfl0,00J (66.8361 1,22S.67 1 foiai cor'+r•a•nsia in ñ L ° 0iy+dcwts 2D2*NDZfl Qs 3.0d per Brara Bazar+ce as at Wah J••• zoos THE LIGHTHDUCE HOTEL PLC COMPANY STATEMENT OF CHANGES IN EQUITY si•m a RevaTuatio+i FatrvaTue Gpecia Capital Reserve Reserve of P'eaefVe Aaseta az rotsi R$'OOO 460,001 Rs."B00 1.056, 39d R OOD T , 325,67 1 Rs."TOO 301.272 I 5,473 3, d93,T1 8 15,47Z Other Compn=hensive 1nCome/(Loss1 Tatal com qahcnaive nosm e/fLoss) D deoJs20¥3y084•Rs3.Q0Persh e 15,473 (13 000) (iJ£0D0) ggTanCe as at 30 h June ZO24 460,0d 1 1.055,394 4e,s BI " 1,s2s,6 1 17$,745 8apnce as at 01st April Z025 460,001 1.276,54d f 6, B3B) I .32S,671 3,26B 3,266 Other C omprehen0ive Incomes(Loss) Toral Comprehensive Tncom e/{Loaaj 3, 2B8 1 32$,6T1 0+vidend s 2024/2025 - Rs 3.00 F 6N8fe 66,838) (138, d00) (t38.000) THE LIGHTHOUSE HOTEL PLG Cash Flows from Oparating Acziv‹uee rROUP UnaudiW Uriaudited 3 Months Endgd 30.06.2025 3Q.flfl.2024 Rs.'ooo es.'ooo C OM."&u Y Unau dated Unau ditod 3 Months Ended 80.OF 2025 30.g6.2024 Pa•'000 Rs."g0g Pyofi1/(LnGa) trcfore Tax Adjustments for Uegreci ation Arrtortization of Qight of Uae A‹ssets (inca me) trom frwestmeots-I++West home (Profit)/Loas on Disposal of Property Planl & Equipment Fin g nce Costs Provision for Defined P'eniCt Plans ao tie Union of Intangible Rsses Exchange ( ain/Loss from Con ersi on of fores n cunency loans G a‹n on a Bargain Purchase operating Ctofiz before Working Ce pital Chan gaa 9,041 2B,201 (2M) 3,O06 89 (12,228) 30,528 24.367 23,154 (3,3z5) 4,064 2,L0 81 ?0,919 8,028 22,t90 (2M} 1,s5# 2.698 40 22,100 20, 638 3.564 2.400 40 (Increase)/decrease ›n Invantoñes {ncrease)/Deoease in Trade and Cnher Receivables f^.180 I 86,y22 1,5Q1 95,215 T 37) 997 i rr •••/f*•creasc) in Tmde and .otfjer Payables (52.OPG) f107,539) fiJoome Tax +' i0 Finance Cost Paid 68,60d z8;1so) (2,565) ¥0,096* (33 509] {4.0b4] (1,S 3) ¿t.Sos¿ [3,f6') Oe/ined P+•nefiT Plan Costs F'aid net of transfers Wet WshfTows from O4era£ing Activi£i'es Cas h Flows from/(Used i n) Tnvasting AcfiviUes (5,1 11) {240) zZ,Z88 2 2 3. (4,198) (2#Q) 26, YO6 f9 867) Acquisifion Of Prnperty, Plant & Equipment I rtterest Income Net (tnWszment) 8 Redempion iQ Short Tems Deposit (32,535) (10,467y 3,2 7S G ,4 7G {32,492) (n0.Z3B} 3.272 B5#16 N et cash flow pn d cQuisizioz of subsidiary Net Caah Ftowé from/[Used rn) fnvaattng Acévities Cesh Fig from/{U red icy) Financing Activities Repayment 'ofl Interest fearing L0ans & Bo ngs Het Cash Phone Ueed ‹n FInancinq ivMaa Nat Tncroaec/(decrease) n Cash &.Cash Equ‹veTents (34d.480) (185,844) 5B,2B4 {16,Btt) Q6,B77) 49,316 {$d7,W9O} (192,191) SB 51u (15,82T) /10 418J {10,41 B1 39.125 Caeh end Cash Egulvalente at @e @gin nin g of the' perlad 12,638 (6D.61p) St,032 o^.833 Cash end Cesh EquivaTenta at the en d of the period Cash and Bank Balance Bank Overdrafl 2 11 6 (127,680) (sB2,325)(1i,zga) 23,133 78,524 TkIE LIGHTHOUSE HOTEL PLC NOTES TO THE INTERIM FINANC1AL STATEMENTS FOB THE THREE MONTHS ENDED 30 JUNE 2Q25 Principal Activities and Nature of Operations The Company owns a nd operates Jetting Ligfithuuse and Jetting Kurulubedda which are targeted a1 the up market leisure travelers. The Fully owned subsidiaries of the Company, Unawatuna Properties (Pvt) ltd (l»corporated in Sri Lan ka) which operates Hotel J U nawatuna commenced Commercial operation during the month of December 2017 & Dream deach 8eson (Pvt) Ltd {I ncorporated in Sri Lanka) which operates as Hotel J Ambalangoda. Basis of Preparation The interim financial statements have been prepared in accordance with the Sri Lanka Accounting Standard (LKAS) 34 - Interim financial reporting. Changes in Accounting Policies Fhese interim financial statements have been prepared in accordance with the aCCounling poiicies set out in the Annual Peport for the year ended 3103.2025. Fair value measurement and related fair vatue disclosures The fair values of all rhe financial assets and financial 1ia bilities recognized during the quarter were not materially different from the tra nsacticn pr1ces at the date of initial recognition. There were no transfers between Level 1 and Level 2 and no transfers into or oUt of Level 3 categories as per the fair value hierarchy, during the period. The fair value changes un financial instrument s in Level 3 category was properly recorded in the statement of other comprehensive income and there were no purchases and/or rlispusals during the per ind. Fair valuation was done as of 30th June 2025 for Unquoted egu1ty shares classified as Level 3 within the fair value hierarchy according to fair valuation methodology. Valuation techniques, key assumptions and the sensitivity of the significant inputs to the fair value of the investment are as follows. Valuation Technique S gnificant Unobservable Inputs Discounted " cashflow Long term growth rate - (DCF) method 5% Weighted average cost of capitai (WACC) 13% Sensitivity of the input tofhaei 1% increase /(decrease)in the growth rate ' v/ouIrI result in increase/(decrease) in fair value by CKR 7 M n and (I KR ñ.4 Mn) respect ively. 1% increase /(decrease) in the WACC would result in (decrease)/ increase in fair va due by (LKR 7.1 M n) 6n§ LKR 9.2 Mn res pectively. Page g of 13 THElUGHtHOU5EhOtEtFLC NOTES TO TH£ INTERIM FINANCIAL STATEMENTS FOR THE TNREE MO iTHS ENDED 30 JUNE 20ZS Information published for the three months to 30* June 2024 has been reclassified to conform wiEh the current presentation where applicable. S. There are no distinguishable components to be identified as segments or the Company. No circumstances have arisen since the reporting date, which would reguire adjustments to or disclosure in the F-lnancial Statements other than the following: The Board Of Oirectors of the Company on 11" August 2025 approved an Equity investment of Rs 50 Mn in Dream Beach Resort (Pvt) Ltd which is a wholly owned subsidiary. There are no significant contingencies as at the reporting date that require adjustments or dñclos urein the Financials Statements other than followings: Local authorities have claimed a fee amounting to 196 of turnover for the issuance of trade license for the years 2020 to 2024 from the group. The group doe3 not agree with such a claim. The estimated contingent liability of the group as at 30th June 2025 is Rs 20.4 Mn. At the moment there are two cases pending at magistrate's court in Galle. Two months of the period under review relates to the off-season of the tourism industry in Sri Lanka. ouring tfie year under review, 445,766tonrisrs had visi ted he countn/. The Company paid the final recommended dividend of Rs. 3.00 per share for the year ended 31 s t March 2025, on Oo h July, 2025 after it was approved at the Annual General Meeting held on 30a June, 2025. Total first & final dividend payment amounted to Rs. 138,000,000/- subject to 15% dividend tax. Page 10 of 13 NOTES TO THE INTERIM FINANCIAL STATEMENTS FOR TkIE THREE MDNTKS ENDED 30 JUNE 2025 Related Party DlKTosures Doc 1s or significant reI'a' ed gy di croaures for tt•e tnree rr+on th ended ore.as fplows: 1 1 . 5 TransgWor+s'w tn boy Mariage'ment pe reennew oi the Grow pleas eeny g} key Manage ma nt Personne I C pe ng ptl@n zcza II Rs.. Rs. Exeative DJrec " Fees Non-ExoAtive Direnors' Fats z 000.000 8a0 000 2,oo0 000 880,O00 are a%unl's dsclo$d at.a•a me o°*¥' ® °°!• é°*°°* ® °' ® °°°"' "" ® "' "*""'* *"° ""' " oanagemen persânn5.' Iran s aat Ions with Bubs IdJar*es omer oe late a r•atty d}#cToaures Rs. '7. Gs6,561 1,515, 1 20Z# As. i;8:0A9 20¥5 4, g73.g79 14 ; 1 BD, 04 1 126¥5, 549 3 @62, B27 2 ,4 30,7Ba Hrja O p'eral or I ancl k1 Rrk éting .Feas punch'asee ol Foi cl 6 Boverege A¿lvartisir g t@enses s Other be lmoursernen Is Safe i-'f rra-nodai*on and T r an sf••rs 4 O',09 , z 99 • 2.20 1,3b5 0.0G1,108 11,1C7. 00 1 90R. 200 1,01$,023 96,41G 1,P18. 028 2,4 9,691 2,O1Z,u70 2,210,9'40 1.830.950 24.227,436 2€,70B,0B6 g4,1T1,44B 26.62Q,413' 492,0OB - 4g2.30B 88,050 Vghi cle Rom R ece'ved 384,61 5 2,813,'s48 7B6, d 50 2SU?U7E 8éz,s-ss 1,441,867 26»,075 wi r elated party b stances era paya bio or I eoe 'ebla vrlth in one year. and ^°^ 'ntcr'=st °'^B Page 11 of 13 THE LIGHTHOUSE HOTEL Pt.C NOTES TO THE INTERIM fiINANCIAL STATEMENTS FQ9 THE THREE MONTNS ENDED 3O JUNE 2025 12, Business Combinalion On 8th April 2025, the Group acquired 10O°A of the voting shares of Dream Beach Resort (Pvt) Ltd ("OBR") an unlisted company in Ambalangoda a/hich owns Hotel J Ambalangoda. The acqui$1rion has been accounted for using the acquisition method. The interim consolidated financial statements include the results of OBR for the three months period from 1st April 202S. The fair values of the identifiable assets and liabilities of DBR ae at the date of acquisition were- Fair value recognised on acguisiton Rs"000 Aasets P ropes , Plant and Equip-nt ( pr sional)* 468,208 I nvento^i'ea 1,220 Trade and other raceivbalee 7,968 Cosh 6,390 LfebiTities 483,786 Trade Pgyabes Income ax payables Retirerr ant Benefit Dbligatione (11 .611) (5,917} (*.580) Deferred tax ti'abi1ty (provisionafj' TotgT identifiable net asaets at fair w'aTue I D4, 660) { 123,768} 360.018 Bargain gain on acguioil'pn Lprc r'si'onef)" Purchase considerate-on transferred Analysis of c.ash flows on ocquistion: Met cash acquired with the subsidiary (included in cash f]ows from investing activities) Gash paid Net c-aeh flow on acquisition 347,790 6, 390 (34T,79O) (341 ,400) The vB1uation of land and buildings acquired had not been completed by the date the interim financial statements were approved fOr issue by the board of directors. Thus property, plant and equipment may need to be subsequently adjusted with a corresponding adjustment for bargain gain on acquisition prior to 31 March 2026. (One year after the transaction) Page 12 of 13 THE LIGHTHOUSE HOTEL PLC NOTES TO THE INTERIM 5 INANCIAL SYATGMENTS FOR TI-tE THREE MOIfTHS ENDED 30 JUNE 2025 INVISTOR INFORt¥'IA N 30.9B. 2ozb id.gG.2034 Lost ptioe racer ded for be éW ruon&s ending Nat assets c+er snzire 9fiar4 tr 9dIng for the thee mths ended ?000 57.0Q V30 as so MJmbcr or sheres traded B30.622 1, ›2d.994 t82,9W. 30 T 48,611.962 18,9 g',440 1,938, 00 z.s• z.eo 2.0e 1.83 9. sc 100,000 0.ZZ 5AN1P RTH BANK PLC/MR. SBI SHEK SI THAMP SLAM OTAL ‹o.oo plumber of Sharos Plc sensert by the sszted tepid Odinary Shoes Public a/ye framings Pubic hoidir+g os e ¥ of iss+Jed shsre capJal No.c4' @nr eholders raprc sorting the public fiddir +g The app cyñJe q@sn odor CSE 7. 4 g. 1.{i) (b} or• Wnimum publin hung •B Option Z. objectors Me. N.T. fr1 S. may Mr. N.J. L4 @. C.ooray Nor. b1. P.O.C:os 400, 000 •io, OOO 1,ono There were ne cfiangea •n dire' tors dlre«t sfiarcnoldzng during the wrW. Page 13 ofl3

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