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!
Corgo 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
CDlombo 2.
Phone : 470S'400
Web : yww.@fwingftofeT$.co'in
Jetting nouae"
4B/26. N8wam Maratha
THE LTGHTHDUSE HOIEL PLC
STATEMEN7 OF FINANCIAL PORT1gOR
PB.'DBd
Re.'000 Rs,'0tI B
Non - Currant Aassts Property, 'lam and Equipment
9.083
1d8
5,6CO,18 0
49
fig 496
OseñmCvnelFnañalAsl
Invor tocms
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 Positicn as at : Oth Jvra 2025. Clio Sta'omcnt of Profit or Loss. statement of ¿omprertensive Inooma. 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 ampany and they provide sha •nfc'rmation requir ad by be Cdombo s:ocr ¿Miange.
jt i certified it the financial she•cmsnt huge beau ptepared in compIiar+ce wilfi ma requirements of tho Conepanics 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 eOu0
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 | ||
12,832 | Other Tncome & Gains | zs | 571 | ||
{32,38't) | Marketing & Promoti9na 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 | |
(13.550) | 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
Unaudited
Z02S
Unaudhed
Zg24
TUnfavourable)
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 & G9ins
76
572
Marketng 8 Promoional Expenses
(4,715)
Administrative Expenses
{139,16s)
131,886}
446,504
Profit from op•rati one before the following item6
29,218
43,078
-32'A
(B7,72S)
Depreciahcn & Arrtorbzation
{32,839)
{20,687)
-109a
(11,973)
Finan 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 ProfiV(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 lncorrte 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 Surglus of FrI=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 fOIIin9 lnterest
44s,269
7,281
7.2B1
1?,740
a7,740
Audited Year
Unau 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 subsequentperiods ."
(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 Comprehen6iye 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.671
foiai cor'+r•a•nsia in ñL°
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•ma RevaTuatio+i FatrvaTue Gpecia
Capital Reserve Reserve of P'eaefVe
Aaseta az
rotsi
R$'OOO
460,001
Rs."B00
1.056, 39d
R OOD
T,325,67 1
Rs."TOO
301.272
I 5,473
3, d93,T1 8
15,47Z
Other Compn=hensive 1nCome/(Loss1
Tatal com qahcnaive nosm e/fLoss)
D deoJs20¥3y084•Rs3.Q0Persh e
15,473
(13 000)
(iJ£0D0)
ggTanCe as at 30 h June ZO24
460,0d1 1.055,394
4e,s BI " 1,s2s,6 1 17$,745
8apnce as at 01st April Z025
460,001 1.276,54d
f 6,B3B) I .32S,671
3,26B
3,266
Other Comprehen0ive Incomes(Loss)
Toral Comprehensive Tncom e/{Loaaj
3, 2B8
1 32$,6T1
0+vidend s 2024/2025 - Rs 3.00 F 6N8fe
66,838)
(138, d00)
(t38.000)
THE LIGHTHOUSE HOTEL PLG
Cash Flows from Oparating Acziv‹uee
rROUP
UnaudiW Uriaudited 3 Months Endgd
30.06.2025 3Q.flfl.2024
Rs.'ooo es.'ooo
C OM."&u Y
Unau dated Unau ditod 3 Months Ended
80.OF 2025 30.g6.2024
Pa•'000 Rs."g0g
Pyofi1/(LnGa) trcfore Tax
Adjustments for Uegreci ation
Arrtortization of Qight of Uae A‹ssets
(inca me) trom frwestmeots-I++West home (Profit)/Loas on Disposal of Property Planl & Equipment Fin gnce Costs
Provision for Defined P'eniCt Plans ao tieUnion of Intangible Rsses
Exchange ( ain/Loss from Con ersi on of foresn cunency loans
G a‹n on a Bargain Purchase
operating Ctofiz before Working Ce pital Chan gaa
9,041
2B,201
(2M)
3,O06
89
(12,228)
30,528
24.367
23,154
(3,3z5)
4,064
2,L0
81
?0,919
8,028
22,t90
(2M}
1,s5#
2.698
40
22,100
20, 638
3.564
2.400
40
(Increase)/decrease ›n Invantoñes
{ncrease)/Deoease in Trade and Cnher Receivables
f^.180I
86,y22
1,5Q1
95,215
T 37) 997
i rr •••/f*•creasc) in Tmde and .otfjer Payables (52.OPG) f107,539)
fiJoome Tax +' i0
Finance Cost Paid
68,60d
z8;1so)
(2,565)
¥0,096*
(33 509]
{4.0b4]
(1,S 3)
¿t.Sos¿
[3,f6')
Oe/ined P+•nefiT Plan Costs F'aid net of transfers Wet WshfTows from O4era£ing Activi£i'es
Cash Flows from/(Used in) Tnvasting AcfiviUes
(5,1 11) {240)
zZ,Z88 2 2 3.
(4,198) (2#Q)
26, YO6 f9 867)
Acquisifion Of Prnperty, Plant & Equipment Irtterest Income
Net (tnWszment) 8 Redempion iQ Short Tems Deposit
(32,535)
(10,467y 3,2 7S
G ,4 7G
{32,492)
(n0.Z3B} 3.272 B5#16
Net cash flow pn dcQuisizioz of subsidiary
Net Caah Ftowé from/[Used rn) fnvaattng Acévities
Cesh Fig from/{Ured icy) Financing Activities Repayment 'ofl Interest fearing L0ans & Bo ngs Het Cash Phone Ueed ‹n FInancinq ivMaa
Nat Tncroaec/(decrease) n Cash &.Cash Equ‹veTents
(34d.480)
(185,844) 5B,2B4
{16,Btt)
Q6,B77)
49,316
{$d7,W9O}
(192,191) SB 51u
(15,82T) /10 418J
{10,41B1
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 end 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 and 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 Unawatuna commenced Commercial operation during the month of December 2017 & Dream deach 8eson (Pvt) Ltd {Incorporated 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)
respectively. 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
respectively.
Page g of 13
THElUGHtHOU5EhOtEtFLC
NOTES TO TH£ INTERIM FINANCIAL STATEMENTS FOR THE TNREE MO iTHS ENDED 30 JUNE 20ZSInformation 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
dñclosurein 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 visited he countn/.
The Company paid the final recommended dividend of Rs. 3.00 per share for the year ended 31st March 2025, on Ooh 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+onth 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$d at.a•a me o°*¥'® °°!• é°*°°* ®°'®°°°"'""® "'"*""'**"°""'" oanagemen persânn5.'
Iransaat Ions with Bubs IdJar*es
omer oelatea r•atty d}#cToaures
Rs.
'7. Gs6,561
1,515, 1
20Z#
As.
i;8:0A9
20¥5
4, g73.g79 14 ;1 BD, 04 1 126¥5, 549
3 @62, B27 2,4 30,7Ba
Hrja O p'eralorI ancl k1Rrkéting .Feas
punch'asee ol Foi cl6 Boverege
A¿lvartisir g t@enses s Other be lmoursernen Is
Safe i-'f rra-nodai*on and Transf••rs
4O',09 , z 99 • 2.201,3b5 0.0G1,108 11,1C7. 001
90R. 200 1,01$,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 related party bstances era paya bio or Ieoe 'ebla vrlthin 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 |
Invento^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 5INANCIAL 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
5AN1PRTH BANK PLC/MR. SBI SHEK SI THAMPSLAM
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