23'March 2026
''''!'' creating homes for life. '"
Millennium Housing Developers PLC
No 66/9B, Green Path
Colombo 07
Tel: 0117744844, 0114518421
Fax: 0114541750
e-mail: marketng@mhdplc.com Website: www.mfidpIc.com
M s. Nilupa Perera
Chief Regulatory Officer Colombo Stocl‹ Exchange # 04-01, west Block,
World Trade Center, Echelo n Square, Colombo - 01
Dear Madam,
M!ennium Housing Development PLC f"the Company) - Errata to the Interim Financial Statements for the period of 31" December 2025
We refer to the Interim Financial re port for the qu arter ended 31" December 2025 to the Colombo Stocl‹ exchange website on 10" Fe bruary 2026.
It has come to our attention that an inadvertent error occurred in the published financial statements. The corrections are set out below for clarity:
Page no 02 & 03 - Typological error of the designation
Previously stared - Fin ance Manger
Correct designation -Assistant Finance Manager
Page no 02 - under the statement of Financial Position cash at bank & bank over draft
Previously stated
Cash at bank -Rs. 60,918 Banl‹ Overdraft - Rs.25,976
Correct disclosure
Cash at bank -Rs.43,564
Bank O/erd raft -Ps. 8,622
Page no 03 - Under the statement of Financial Position, cash at bank & bank over draft
Previously state‹f
Cash at bank -Rs.45,309 Bank Overdraft - Rs.15,701 Correct dfsclosrre
Cash at bank -29,608
Bank Overdraft - mo balance
Page no 10- Under the Shareholding of directors - row no 03 name of the MR. U H Palihakkara has been removed from the list since there is no any shareholding for the period concern.
Previously stated
i,3OO,OOO
0.9IW
29,384. W2
Page no 10- Under the Substantial shareholding row no 19 comparative figures for the no of shares has not been mentioned due to typological error. It has been rectified bv ‹ncluding respective no of share.
Previously stated
No | Name of shareholder | As at 31st Deccmber 202S | As at 30th September 2025 | |
No of Shares | Percentage | No of Shares | Percentage | ||
Correct cfiscfosr/re
No } Name of Shareholder | As at 31st Dec | ember 202 S | As at 3Otli Sep | tember | 2025 |
No of Shares | Percentage | Nt of Shares | P | ta | |
29S.ROI | 0.22% | 352 .477 | O.¿°C |
We regret tne oversight and any inconvenience caused.
Thanl‹ you.
Yours faithfully,
Assistant Finance Manager
INTERIM FINANCIAL STATEMENTS FOR THE 3RD QUARTER ENDED 31ST DECEMBER 2025
MILLENNIUM HOUSING DEVELOPERS PLC STATEMENT OF FINANCIAL POSITION
AS AT | Group | ||
31-Dec-25 Unaudited Rs. '000 | 31-Dec-24 Unaudited Rs. '000 | 31-Mar-25 Audited Rs. '000 | |
ASSETS | |||
Non-current assets | |||
Property, plant and equipment | 8,295 | 13,288 | 11,692 |
Investment property | 200,000 | 195,000 | 200,000 |
Intangible assets | - | 3 | - |
Financial assets - FVOCI | 10,740 | 6,160 | 10,740 |
Deferred tax asset | 1,897 | - | 1,897 |
Total Non-current assets | 220,932 | 214,451 | 224,329 |
Current assets | |||
Inventories | 1,115,902 | 1,530,415 | 1,145,000 |
Trade and other receivables | 106,814 | 150,440 | 80,846 |
Amounts due from related companies | 7,337 | 11,386 | 7,337 |
Cash at bank and in hand | 43,564 | 41,273 | 280,835 |
Total Current assets | 1,273,617 | 1,733,514 | 1,514,017 |
Total assets | 1,494,549 | 1,947,965 | 1,738,346 |
EQUITY AND LIABILITIES | |||
Equity | |||
Stated capital | 293,802 | 293,802 | 293,802 |
Capital Redemption Reserve | 17,791 | 13,211 | 17,791 |
Retained earnings | 378,130 | 270,173 | 385,133 |
Equity attributable to owners of the Company | 689,723 | 577,186 | 696,725 |
Total equity | 689,723 | 577,186 | 696,725 |
Non-current liabilities | |||
Interest bearing borrowings | - | 72,283 | 31,863 |
Lease Liabilities | - | - | - |
Deferred tax liability | 47,318 | 14,226 | 47,317 |
Retirement benefit obligation | 8,187 | 4,355 | 7,283 |
Total Non-current liabilities | 55,504 | 90,864 | 86,463 |
Current liabilities | |||
Trade and other payables | 281,392 | 377,970 | 329,752 |
Advances received from customers | 151,130 | 231,734 | 124,025 |
Interest bearing borrowings | 286,966 | 518,002 | 444,966 |
Amounts due to related companies | 19,811 | 47,130 | 20,049 |
Income tax payable | 1,401 | 1,401 | 1,401 |
Bank overdraft | 8,622 | 103,678 | 34,964 |
Total Current liabilities | 749,322 | 1,279,915 | 955,157 |
Total liabilities | 804,826 | 1,370,779 | 1,041,621 |
Total equity and liabilities | 1,494,549 | 1,947,965 | 1,738,346 |
Net Asset Per Share 5.12 4.29 5.17
It is certified that the Financial Statements have been prepared in compliance with the requirements of the Companies Act No. 7 of 2007.
signed
Lakmali Gunasekara
Assistant Finance Manager
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 ;
signed signed
U.H. Dharmadasa K.C.C.Perera
Chairman Director
09th February 2026
Page-02
MILLENNIUM HOUSING DEVELOPERS PLC STATEMENT OF FINANCIAL POSITIONAS AT | Company | ||
31-Dec-25 Unaudited Rs. '000 | 31-Dec-24 Unaudited Rs. '000 | 31-Mar-25 Audited Rs. '000 | |
ASSETS | |||
Non-current assets | |||
Property, plant and equipment | 7,668 | 11,698 | 10,326 |
Intangible assets | - | 3 | - |
Investment in subsidiaries | 278,629 | 278,629 | 278,629 |
Right of use assets | - | - | - |
Financial assets - FVOCI | 10,740 | 6,160 | 10,740 |
Deferred tax asset | 1,897 | 856 | 1,897 |
Total Non-current assets | 298,933 | 297,346 | 301,591 |
Current assets | |||
Inventories | 244,215 | 372,772 | 283,670 |
Trade and other receivables | 74,691 | 107,502 | 40,344 |
Amounts due from related companies | 6,763 | 37,399 | 50,193 |
Cash at bank and in hand | 29,608 | 39,566 | 15,820 |
Total Current assets | 355,277 | 557,239 | 390,028 |
Total assets | 654,211 | 854,585 | 691,619 |
EQUITY AND LIABILITIES | |||
Equity | |||
Stated capital | 293,802 | 293,802 | 293,802 |
Capital Redemption Reserve | 17,791 | 13,211 | 17,791 |
Retained earnings | (99,064) | (148,321) | (121,171) |
Equity attributable to owners of the Company | 212,529 | 158,692 | 190,422 |
Total equity | 212,529 | 158,692 | 190,422 |
Non-current liabilities | |||
Interest bearing borrowings | - | 72,283 | 31,863 |
Retirement benefit obligation | 8,135 | 4,355 | 7,231 |
Total Non-current liabilities | 8,135 | 76,638 | 39,094 |
Current liabilities | |||
Trade and other payables | 87,484 | 161,698 | 87,826 |
Advances received from customers | 130,655 | 151,747 | 97,784 |
Interest bearing borrowings | - | 147,716 | 158,000 |
Amounts due to related companies | 215,407 | 144,580 | 118,494 |
Income tax payable | - | - | - |
Bank overdraft | - | 13,515 | - |
Total Current liabilities | 433,546 | 619,256 | 462,104 |
Total liabilities | 441,682 | 695,894 | 501,198 |
Total equity and liabilities | |||
654,211 | 854,586 | 691,619 | |
Net Asset Per Share 1.58 1.18 1.41
It is certified that the Financial Statements have been prepared in compliance with the requirements of the Companies Act No. 7 of 2007.
signed
Lakmali Gunasekara
Assistant Finance Manager
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 ;
signed signed
U.H. Dharmadasa K.C.C.Perera
Chairman Director
09th February 2026
Page-03
Quarter ended 31st December | Nine Months 31st December | |||
2025 Unaudited Rs. '000 | 2024 Unaudited Rs. '000 | 2025 Unaudited Rs. '000 | 2024 Unaudited Rs. '000 | |
Revenue | 46,778 | 108,469 | 188,485 | 250,756 |
Cost of sales | (32,899) | (45,555) | (132,177) | (188,807) |
Gross profit | 13,879 | 62,914 | 56,308 | 61,950 |
Other operating income | 10,582 | 13,006 | 34,907 | 36,657 |
Administration expenses | (26,493) | (40,125) | (74,195) | (102,919) |
Selling and marketing expenses | (1,460) | (2,507) | (3,149) | (5,507) |
Results from operating activities | (3,493) | 33,288 | 13,870 | (9,819) |
Finance income | 616 | 207 | 3,530 | 987 |
Finance costs | (5,301) | (31,874) | (24,403) | (60,939) |
Net finance income | (4,685) | (31,667) | (20,873) | (59,952) |
Profit/(Loss) before income tax | (8,178) | 1,621 | (7,003) | (69,771) |
Income tax expense | - | - | - | - |
Profit/(Loss) for the period | (8,178) | 1,621 | (7,003) | (69,771) |
Other comprehensive income | ||||
Other comprehensive income net of taxes | - | - | - | |
Total comprehensive income for the period | (8,178) | 1,621 | (7,003) | (69,771) |
Profit/(Loss) attributable to : | ||||
Owners of the Company | (8,178) | 1,621 | (7,003) | (69,771) |
Non-controlling interests | - | - | - | |
Profit/(Loss) for the period | (8,178) | 1,621 | (7,003) | (69,771) |
Total comprehensive income attributable to | ||||
Owners of the Company | (8,178) | 1,621 | (7,003) | (69,771) |
Non-controlling interest | - | - | - | |
Total comprehensive income for the period | (8,178) | 1,621 | (7,003) | (69,771) |
MILLENNIUM HOUSING DEVELOPERS PLC CONSOLIDATED COMPREHENSIVE INCOME STATEMENT
Earnings per share (0.06) 0.01 (0.05) (0.52)
Figures in brackets indicates deductions.
Page - 04
MILLENNIUM HOUSING DEVELOPERS PLC COMPANY COMPREHENSIVE INCOME STATEMENT
Quarter ended 31st December | Nine Months 31st December | |||
2025 Unaudited Rs.'000 | 2024 Unaudited Rs.'000 | 2025 Unaudited Rs. '000 | 2024 Unaudited Rs. '000 | |
Revenue | 46,777 | 108,469 | 188,485 | 145,756 |
Cost of sales | (32,899) | (69,611) | (132,177) | (83,671) |
Gross profit | 13,878 | 38,858 | 56,308 | 62,085 |
Other operating income | 436 | - | 5,424 | 4,451 |
Administration expenses | (9,535) | (21,939) | (35,273) | (61,812) |
Selling and marketing expenses | (1,460) | (2,507) | (3,149) | (5,507) |
Results from operating activities | 3,319 | 14,412 | 23,310 | (782) |
Finance income | 364 | 176 | 693 | 478 |
Finance costs | (51) | (4,855) | (1,895) | (20,677) |
Net finance income | 313 | (4,679) | (1,202) | (20,199) |
Profit/(Loss) before income tax | 3,632 | 9,733 | 22,108 | (20,981) |
Income tax expense | - | - | - | |
Profit/(Loss) for the period | 3,632 | 9,733 | 22,108 | (20,981) |
Other comprehensive income | ||||
Other comprehensive income Net of taxes | - | - | - | |
Total comprehensive income of the period | 3,632 | 9,733 | 22,108 | (20,981) |
Profit/(Loss) attributable to ; | ||||
Owners of the Company | 3,632 | 9,733 | 22,108 | |
Non-controlling interest | ||||
Profit/(Loss) for the Period | 3,632 | 9,733 | 22,108 | (20,981) |
Total comprehensive income attributable to: | ||||
Owners of the Company | 3,632 | 9,733 | 22,108 | (20,981) |
Non-controlling interests | ||||
Total comprehensive income for the period | 3,632 | 9,733 | 22,108 | (20,981) |
Earnings per share 0.03 0.07 0.16 (0.16)
Figures in brackets indicates deductions.
Page - 05
MILLENNIUM HOUSING DEVELOPERS PLC UNAUDITED STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31ST DECEMBER 2025
Group
Attributable to owners of the Company
Stated Capital Available Retained Total capital redemption for sale earnings
reserve FVOCI
Rs. '000 Rs. '000 Rs. '000 Rs. '000 Rs. '000
Balance as at 1st April 2024 | 293,802 | 25,000 | (11,789) | 339,944 | 646,957 |
Profit/( Loss) for the period | - | - | - | (69,771) | (69,771) |
Other Comprehensive Income(Net of tax) | - | - | - | - | - |
Total comprehensive income for the period | - | - | - | (69,771) | |
Balance as at 31st December 2024 | 293,802 | 25,000 | (11,789) | 339,944 | 577,186 |
Balance as at 1st April 2025 | 293,802 | 25,000 | (7,209) | 385,133 | 696,726 |
Profit/ (Loss) for the period | - | - | - | (7,003) | (7,003) |
Other Comprehensive Income(Net of tax) | - | - | - | - | - |
Total comprehensive income for the period | - | - | - | (7,003) | (7,003) |
Balance as at 31st December 2025 | 293,802 | 25,000 | (7,209) | 378,130 | 689,723 |
Page - 06
MILLENNIUM HOUSING DEVELOPERS PLC UNAUDITED STATEMENT OF CHANGES IN EQUITY | ||||||
FOR THE PERIOD ENDED 31ST DECEMBER 2025 | ||||||
Company | Stated | Capital | Available | Retained | Total | |
Capital | Redemption | for sale | Earnings | Equity | ||
Reserve | FVOCI | |||||
Rs. ' 000 | Rs. ' 000 | Rs. ' 000 | Rs. ' 000 | Rs. ' 000 | ||
- | ||||||
Balance as at 1st April 2024 | 293,802 | 25,000 | (11,789) | (127,340) | 179,673 | |
Profit/( Loss) for the period | - | - | - | (20,981) | (20,981) | |
Other Comprehensive Income(Net of tax) | - | - | - | - | - | |
Total Comprehensive income for the period | - | - | - | (20,981) | (20,981) | |
- | ||||||
Balance as at 31st December 2024 | 293,802 | 25,000 | (11,789) | (148,321) | 158,692 | |
Balance as at 1st April 2025 | 293,802 | 25,000 | (7,209) | (121,171) | 190,422 | |
Profit/ (Loss) for the period | - | - | - | 22,108 | 22,108 | |
Other Comprehensive Income(Net of tax) | - | - | - | - | - | |
Total Comprehensive income for the period | - | - | - | 22,108 | 22,108 | |
- | ||||||
Balance as at 31st December 2025 | 293,802 | 25,000 | (7,209) | (99,064) | 212,529 | |
Figures in brackets indicates deductions. | ||||||
Page - 07
MILLENNIUM HOUSING DEVELOPERS PLC CASH FLOW STATEMENT
AS AT | Group | Company | ||
31-Dec-25 Unaudited Rs.'000 | 31-Dec-24 unaudited Rs.'000 | 31-Dec-25 Unaudited Rs.'000 | 31-Dec-24 unaudited Rs.'000 | |
Cash Flows from Operating Activities | ||||
Profit before Tax | (7,003) | (69,711) - | 22,108 | (20,981) |
Adjustments for: | - | |||
Depreciation on Property, Plant and Equipments | 4,328 | 4,915 | 3,589 | 3,954 |
Interest Expense | 24,218 | 60,939 | 1,710 | 20,677 |
Provision for Retirement benefit obligation | 1,069 | 1,975 | 1,069 | 1,374 |
Gain on disposal of assets | - | (4,844) | - | (4,844) |
Interest Income | (3,530) | (987) | (693) | (478) |
Operating Profit before Working Capital Changes | 19,082 | (7,713) | 27,783 | (298) |
(Increase)/Decrease in Inventories | 29,099 | 116,602 | 39,455 | 12,105 |
(Increase)/Decrease in Trade and Other Receivables | (25,968) | (72,472) | (34,346) | (64,292) |
(Increase)/Decrease in Amounts Due from Related Companies | (0) | 216 | 43,430 | (7,491) |
Increase/(Decrease) in Trade and Other Payables | (42,708) | 97,549 | 32,530 | 76,335 |
Increase/(Decrease) in Amounts Due to Related Companies | (238) | (34,237) | 96,913 | 61,148 |
Cash Generated from/(Used in) Operations | (20,734) | 99,945 | 205,764 | 77,507 |
Gratuity Paid | (165) | (3,925) | (165) | (2,219) |
Interest Paid | (2,766) | (60,939) | (1,710) | (20,677) |
Net Cash flow Generated from/(Used in) Operating Activitie | (23,665) | 35,081 | 203,889 | 54,612 |
Cash Flows from Investing Activities | ||||
Purchase of Property, Plant and Equipment | (931) | (46) | (931) | (46) |
Proceeds from Property, Plant and Equipment | - | 5,699 | - | 5,699 |
Interest Received | 3,530 | 987 | 693 | 478 |
Cash Generated from/(Used in) Investing Activities | 2,599 | 6,640 | (238) | 6,132 |
Cash Flows from Financing Activities | ||||
Repayment of Loans | (189,863) | (64,452) | (189,863) | (24,892) |
Cash Generated from/(Used in) Financing Activities | (189,863) | (64,452) | (189,863) | (24,892) |
Net Increase/(Decrease) in Cash and Cash Equivalents | (210,928) | (22,731) | 13,788 | 35,851 |
Cash and Cash Equivalents at the beginning of the year | 245,870 | (39,614) | 15,820 | (9,799) |
Cash and Cash Equivalents at the end of the year | 34,942 | (62,345) | 29,608 | 26,051 |
Figures in brackets indicates deductions.
Page - 08
MILLENNIUM HOUSING DEVELOPERS PLC NOTES TO FINANCIAL STATEMENTS-
Reporting Entity
Millennium Housing Developers PLC is a public quoted company (Quoted on 19th February 2014) incorporated in Sri Lanka on 28th July 1998 . These consolidated interim financial statement for the third quarter ended 31st December 2025.
-
Basis of Preparation
The Financial Statements of the company and the Group have been prepared as per the Most Recent Audited Financial Statements and are in compliance with Sri Lanka Accounting Standards - LKAS 34 - Interim Financial Reporting
-
Accounting Policies
The accounting policies have been consistently applied by the Group and are consistent with those used in the previous year. Comparative figures have been restated where ever necessary to confirm to the current period's presentation.
-
Contingent Liabilities
There were no material contingent liabilities or assets as at reporting date which would require adjustment to or disclosers in the Financial Statements.
-
Events after the reporting Date
No events have occurred after the reporting date which require adjustments to or disclosure in the financial statements.
There were no liabilities for management fees or any other similar expenditure not provided for in the interim financial statements.
Stated Capital
31-Dec-25
30-Sep-25
Number of shares represented by the share capital (31-12-2025 - 134,681,320)
134,681,320
134,681,320
Percentage of shares held by public
Float adjusted market capitalization (LKR Mn)
48.93%
435
48.93%
468
Total no of Public Shareholders
1816
1716
-
Minimum Public Holding Requirement
Shares Traded
31-Dec-25
30-Sep-25
Market Price Per Share - Last Traded - Rs.
6.60
7.10
Market Price Per Share - Highest - Rs.
7.50
7.30
Market Price Per Share - Lowest - Rs.
6.10
4.40
The Company is compying the minimum public holding requirement under option 02 of the listing rule section 7.14.1 ( i) (a)
Page - 09
MILLENNIUM HOUSING DEVELOPERS PLC NOTES TO FINANCIAL STATEMENTS
Share Holding of Directors
Number of shares held by the Board of Directors as at 31st December are as follows;
No
Name of the Director
As at 31st December 2025
As at 30th September 2025
No of Shares
Percentage
No of Shares
Percentage
1
Mr. U. Harshith Dharmadasa - Chairman
29,384,672
21.82%
29,384,672
21.82%
2
Mr. K.C.C.Perera - Director
1,300,000
0.97%
1,300,000
0.97%
Substantial Share Holding
The twenty largest shareholders as at 31st December , are as follows;
No
Name of Shareholder
As at 31st December 2025
As at 30th September 2025
No of Shares
Percentage
No of Shares
Percentage
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Ceyoka (Pvt) Limited
38,090,670
28.28%
38,090,670
28.28%
Mr. V.R.Ramanan
37,969,373
28.19%
37,969,373
28.19%
DFCC Bank PLC/Mr. U. H. Dharmadasa
29,384,672
21.82%
29,384,672
21.82%
Richard Pieris Financial Services (Pvt) Ltd / Mr.H.J.C.Perera
4,665,760
3.46%
4,665,760
1,000,000
3.46%
Mr. H.J.C.Perera
1,000,000
0.74%
0.74%
Mr. K.C.C.Perera
1,300,000
0.97%
1,300,000
0.97%
The Finance Company PLC A/C No 1
1,200,000
0.89%
1,200,000
0.89%
Mr. M.R.M Simsan
877,220
0.65%
998,781
0.74%
Just In Time Holdings (Pvt) Ltd
701,000
0.52%
701,000
0.52%
Mr.U.D.M. Hennadige
566,062
0.42%
508,370
0.38%
Mrs. M. Arudpragasam
502,128
0.37%
831,208
0.62%
Mr. S T Jayalath
496,933
0.37%
-
-
Mr. K. Mithulan
486,737
0.36%
486,737
0.36%
Mr. N. P. Wickramage
465,000
0.35%
465,000
0.35%
Mr. M Ashfak
377,540
0.28%
367,000
0.27%
Mr. M. Arudpragasam
352,255
0.26%
-
-
Mrs. F H M Kamil
325,000
0.24%
-
-
The Golden Key Company
300,000
0.22%
300,000
0.22%
The Finance & Gurantee Company Ltd
300,000
0.22%
300,000
0.22%
Mr. D. M. A. A. Dissanayake
298,309
0.22%
352,477
0.26%
Flyasia Sdn.BHD
283,688
0.21%
283,688
0.21%
Page - 10
Properties of Millennium Housing Limited and M.C. Urban Developers Limited
M.C. Urban Developers Limited acquired ownership of a property located at Battaramulla a few years ago, which was pledged to Sampath Bank as security for credit facilities obtained by the company. Due to challenges in repaying the facility, the Bank exercised its rights under the Recovery of Loans by Banks (Special Provisions) Act No. 4 of 1990, and following Board Resolutions and publication of notices in the Government Gazette and newspapers, proceeded to auction the property on December 28, 2023. As there were no third-party bidders at the Bank's valuation-open market value of Rs. 539,500,000 and forced sale value of Rs. 458,500,000-the property was purchased by the Bank as permitted under the said Act. The Bank has since notified the company that interest will continue to accrue on the facility until it is fully settled. The asset has not been restated on the basis that, if the loan is repaid in full before the Bank resells the property to a third party, ownership of the property will revert to the company as though the sale had never taken place
Page-11