PANASIAN POWER PLC
INTERIM CONDENSED FINANCIAL STATEMENTS
PERIOD ENDED 30TH JUNE 2025
PANASIAN POWER PLC
INTERIM CONDENSED FINANCIAL STATEMENTS • QUARTER ENDED 30 JUNE 2025
PROVISIONAL FINANCIAL STATEMENT S
STATE IENT OF FINANCIAL POSITION
Group | |||||||||||
As at 30 June 2025 Unaudited | As at 31 Ularch 202$ Auditea | ||||||||||
LKR | LKR | LkR | |||||||||
' | ' - | 590,300,2 5 2,794,894 37,913,833 2,241,813 1,382,277,714 22,115,150 | 597,6 7,934 2,794,894 41,064,625 2,415,458 1.382,277,7f 4 23,000,000 22,115,150 | ||||||||
2,060,643,618 ' | |||||||||||
1,259,534 | 1,358,159 | ||||||||||
39,292,216 | 69,219,991 | ||||||||||
131,144,986 | 176,876,396 | ||||||||||
106,926 | 104,640 | ||||||||||
24,475,791 | 75 196 635 | ||||||||||
190,279,453 | I | 382,755,821 | |||||||||
2,256,823,072 | I | 2,394,081,598 | |||||||||
423,446,867 294,073.31fi | I | 1,030,000,000 423,446,867 422 9fi9.480 | |||||||||
1,747,519,1Z9 | 1,870,408,347 | ||||||||||
I4,480,639 | 13,715,227 | ||||||||||
38,838,488 | |||||||||||
15,998,897 | 34,221,746 | ||||||||||
149 776 589 | 151 6gZ,658 | ||||||||||
238,458,119 | |||||||||||
52,446,396 | 14,536,558 52,446,396 | ||||||||||
t81,116,643 | 169,541,810 | ||||||||||
29,254,049 | 26,559,537 | ||||||||||
12,243,468 | 12,506,313 | ||||||||||
4 224 478 | 3.fi26 516 | ||||||||||
294,1g2,eeg | 279,M7,130 | ||||||||||
517,67fi,244 | |||||||||||
2,394,081,598 | |||||||||||
ASSETS
Non - Current Aeeete Properly, plant and equipmenl Capital work in progress
Right of use assels
lnveslment in subsidiafies lnveslment in preference shares
lnveslment in equity accounted investees
Olher non financial assels Deleted tax assels
Current As*ets
Invenlories
to+de and other receivables Amount due from related parties Income tax eeivables
Inveslment in inveslmenf fund FVIPL Cash and cash equivalenls
EQUITY AND LIABILITIES
Equity
Stated capital Revaluation reserves Retained earnings
Equity attribulable fo equity holders of lh0 Company
Non controlling interest
fell Equity
hon-Current Llabl)lflee Retiamenl I›ene£t obligations Lease liabililies
Inleresl bearing loans and donowings Deferred tax liabililies
Current Liabllltlee Lease liabililies
Inlerest bearing loans and doriowings Amount due Io dialed panies
Loan due la elaled companies Trade and other payables
Bank ovedraR
Total Llablllflee
TOTAL EQUITY AND LIABILITIES
Ihese financial slammed compli e with ltte requirements of the Companies Act. No 7 of 2007.
be. ak goda aththe Fina anager
The Boat of Directors is resfionsible for the prepantion and presentation of these Financial Statemenfs. Signed for ana on behalf ol the Boat by,
ur. LH.A.L.Silva
Chaiman
13-Aug-2025
Mr. Pathnianatha Poddlwala CEO / EXecufive Director
PANASIAIJ POWER PLC
INTERIM CONDENSED FINANCIAL STATEMENTS - QUARTER ENDED 30 JUNE 2025 RROYISIONAL FINANCIAL STATEIYIENTS
2025 Unaudited | 202+ Unaudited | |||||
33,343,568 | 29,677,799 | |||||
34,986,267 | ||||||
(11,542,+06) | (12,227,206) | |||||
21,801,162 | 52,406,860 | |||||
1,125,148 | ||||||
(28,577,317) | (22,583,622) | |||||
(6,776,1M)) | 30,978,386 | |||||
8,006,514 | 14,161,561 | |||||
(6,360,520) | (9,072,599 | |||||
1,645,994 I | 5,088.962 | |||||
(5,130,161] | 36,067,348 | |||||
1.242,993 | (6,337,422) | |||||
(3,887,168)) | 29,72S,926 | |||||
(3,887,168) | 29,72S,926 | |||||
(3,867,168) | 2S,729,926 | |||||
(3,887,168) | 29,729,g26 | |||||
(3,887,168) | 2S,729,926 | |||||
(0.01) | 0.05 | |||||
STATEMENT OF COMPREHENSIVE INCOME
Revenue from contracts with customer
Billing under the slandardized power purchase agreement Cosl of sales
Gross §r0fil
Oder operating inoome
Administrative expenses
Selling and distribulion expenses
Reversal of impairment loss on trade receivable Operating profit(loss)
Finance income Finance expenses
Net finance income/(expenses)
Share of profit(loss) ol equity accounled investees, net of tax Profit(loss) before taxation
Income lax expense
Profit/(loss) from continuing operations
Totsl comprehensive income/(Ioee) for the period
Profitf(loss) attributable to:Owners of the parent
Non-controlling interest
Total comprehensive income attributable to: Owners of the parent
Non-oontf0IIi^ginterest
Basic earnings/(loss) per share
PANASIAN POWER PLC
INTERIM CONDENSED FINANCIAL STATEMENTS - QUARTER ENDED 30 JUNE 2025 PROVISIONAL FII/ANCIAL STATEMENTS
STATEMENT OF CHANGES IN EQUITY | ||||||
Stated | Revaluation | Retained | Non-controlling | Total | ||
capital | reserve | earnings | interest | equity | ||
Group | LKR | LKR | LKR | LKR | LKR | |
Balance as at 01st April 2024 | 1,030,000,000 | 1,353,080,032 | (145,360,298) | 193,057,912 | 2,430,777,646 | |
Tolal comprehensive income for Ihe period | ||||||
- Profit for Ifie period | 144,333,066 | 5,639,507 | 149,972,573 | |||
Balance as at 30lh June 2024 | 1,030,000,000 | 1,353,080,032 | (1,027,232) | 198,697,419 | 2,580,750,219 | |
Balance as at 01st April 2025 | 1,030,000,000 | 1,237.383,107 | 255.369,257 | 168,157,494 | 2,690,909,858 | |
Total comprehensive income for the period | ||||||
- Profit for lhe period | 1,M2,U2 | 48,990,038 | ||||
- Other comprehensive Income/(loss) | ||||||
Transaction with owners of the company | ||||||
Distributions | ||||||
- Dividend | (125,000,000) | (125,000,000) | ||||
Balance as at 3Qh June 2025 | 1,030,000,000 | 1,237,383,107 | 147,716,523 | 169,800,266 | 2,584,899,896 | |
Stated capital | Revaluation reserve | Retained earnings | Total Equity | |||
Company | LKR | LKR | LKR | LKR | ||
Balance as at 01st April 2024 | 1,030,000,000 | 440,008,695 | 251,878,244 | 1,721,886,939 | ||
Total comprehensive income for the period | ||||||
- PF0fI f0FIN qerj0d | 29V29,926 | 29,729,926 | ||||
- Other comprehensive income/(loss) | ||||||
Balance as at 30I# June 2024 | 1,030,000,000 | 440,008,695 | 281,608,170 | 1,751,616,865 | ||
Balance as at 01sI April 2025 | 1,030,000,000 | 423,446.867 | 422.959,480 | 1,876,406,347 | ||
Total comprehensive income for the period | ||||||
- Profit for Ihe period | (3,887,168) | (3,887,168) | ||||
- Other comprehensive income'(loss) | ||||||
Transaction with owners of the company Distributions
- Dividend
Balance as at 3Qh June 2025
(125,000,000) (125,000,000)
1,030,000,000 423,446,867 294,072,312 1,747,519,179
PANASANPOWERPLC
INTERIIYI CONDENSED FINANCIAL STATEMENTS - QUARTER ENDED 30 JUNE 2025 PROVISIONAL FINANCIAL STATEMENTS
Unaualted
@#g Uhaudlted
2025
Unaudited
2024
Unaudited
STATEMENT OF CASHFLOWS
LKg | US | LKR | LKR | |||
Cash flows from operating activities | ||||||
Profit before taxation | (5,130,161) | 36,067,348 | ||||
Adjustmenls for: Depreciation of property, plant and equipment | 7,599,719 | 7,251,948 | ||||
Amortization of right of use asset | 3,150,792 | 1,549,314 | ||||
Amoñization of intangible asset | 173,645 | 3â8,225 t | ||||
Provision for retirement benefit obligation Revenal of debtor impairment | 765,411 | 244,983 | ||||
Reversal of accnied provision | ||||||
Accretion of lease interest | 760,255 | |||||
P‹oyision/(reversal) for inventory | ||||||
Dividend income Share of profit of equity accounted investees - Joint Venture | ||||||
Finance income | " | (8,006,514) | (14,161,561) | |||
Finance expense | 6,360,520 | 9 072,599 | ||||
Cash flow from operating activities before working capital changes | 4,g13,412 | 41,143,110 | ||||
(Increase) / Decrease in inventon/ | 98,625 | 220,828 | ||||
(Increase) / Decrease in trade and other receivables | 29,927,776 | (15,996,931)' | ||||
(Increase) / Decrease in amounts due from related parlies | 45,731,410 | 15,614,903 | ||||
Increase / (Decrease) in other payables | 2,694,512 | 1,526,320 | ||||
Increase / (Decrease) in amounts due to relayed parties | 11,574,833 | 110 242,120 | ||||
Cash flow generated from (ueed in) / operating activities | 94,940,S68 | 152,750,351 | ||||
Interest paid | (6,229,769) | (8,072,599) | ||||
Income tax paid Retirement benefit obligations paid | (935,921) | (935,097) | ||||
set cash flow from operating activities | 87,784,878 i | 1¥2,742,655 | ||||
Caeh flows used investing activities | ||||||
Acquisition of property, plant and equipmenl Investments in investment fund Withdrawals from inveslment fund | (242,000) | (708,648) | ||||
Investment in capital work in progress | (23,391) | |||||
Investments in intangible assets Dividend income received/(Reversal) Interest received | 8,004,228 | (620,000) 14,161,561 | ||||
Net cash flows (used in) / generated from investing activitiee | 7,762,Z28 i | 1Z,809,522 | ||||
Caeh fiowa from financing activities | ||||||
Proceeds from loans and borrowings | ||||||
Repayment of borrowings | (18,353,600) | (18,472,850) | ||||
Loan processing fee payment Related party loan obtain/(repayments) Dividends paid | (125,000,000) | (125,000,000) | ||||
Payment of lease liabilities | , , | , | (3,512,312) | (1,879,200) | ||
Net cash flows from financing activities | ¥8 #g | G | (146,865,912Ii | (145,352,050) | ||
Net increase I (Decrease) in cash and cash equivalenls | (51,318,806) | 10,200,127 | ||||
Gashandcash eqGvlenWalthe beginnng oftheyear | 71,570,119 | 83,484,452 | ||||
Cash and cash equivalents at the end of the year | 20,25t,3t3 i | g3,6B4,579 | ||||
Analysis of cash and caeh equivalents | ||||||
Cash in hand and cash at bank | ||||||
For the period ended 30 June
I
PANASIAN POWER PLC
INTERIM CONDENSED MNANCNL STATEMENTS - AS AT 30 June 2025
Peovisioxxc riits«cixL sixTeuExTs
SEGMENTAL INFORMATION
/n@rmotion bosed on rAe primary segments (Business Segmentsj
Continuing operation* Revenue Revel ue Billing under be standardized power purchase agreement | ||||||||||||
Nydre Pewer | EPC I Services | Group | ||||||||||
zozs | 2024 | 2025 | 2024 | 2025 | 2024 | 2024 | ||||||
LKR | LhR | LKR | LKR | LKR | LKR | |||||||
115,660,944 | 101,155,355 103,179,308 | 114,468,884 | 91,652,6S4 12308,010 | 84,825,942 | 258,998,210 | 314,955,769 | 451,806,219 115,467,318 | |||||
Total Revenue | 204.3M,663 | 114 ,884 | 84,825.9d2 | 314.9SS.769 | ||||||||
E8ITDA Depreciation/Amoitzaton Net Operatng profit(loss) Net finance income/ (expenses) Shale of prdiP(Iossj of equity accounted investees P alia(loss) before taxation Profit(lossj from antnuing opera£ons | 42,531,458 (23,452,250 19,079,208 14,251,671 | 165,378,162 (23.816,506 141,561,656 17,488,581 | (30,763,932 28,579,047 (32,885,357) (3,583 | 90,190,619 (27,652,450 62,538,169 (57,483,537) 401,137 | 97,078 (6,100,175 | 34,256,471 (476,234 33,782,237 (1,085 919 | 102,091,515 (54,%1,606 47,189,709 (24.733,861 (3,583 | 289,827,252 (fi1,945,190 237,882,062 (41,080,875) 401,137 | ||||
(6,568,721 | 32,6g$,318 | N,4H#65 | 1g7,g02,324 | |||||||||
10.296 | (3,4M571 | (14,465,143 | 12,048 | (4,703,924 | (3.462,22[ | (47,229,751 | ||||||
130Agg,552 | (7,794,464 | (6,556,673 | 149,972,fi7â | |||||||||
Total comprehenefve income/(l#as) fer the year | 31,341,175 | 130,989,552 | 18,9Sg,p3g | 14g,972,573 | ||||||||
Proty(loss) Anribulable D: mere of fhe pa‹enI Non-controlling interest | 32,207,2% 1,133,917 | 125,3S0.045 5,639,507 | (8,303,319 508,855 | (9,@9,374 | (6,556,673 | 27,992,395 | 17,347,266 1,642,772 | 144,333,066 5,639,507 | ||||
33,341,175 | 27,992,395 | 18,990,038 | ||||||||||
Aeeets and Liabilities Segment Non - Current Aeeets Segment Cumnt Assets s+yme»t Totai xs#es Segment Non-Current Liabiliges Segment Current Liabiliges sqo<«T aiLixxilrics | Ae at 30 Juna z0m | As ct 31 March 2025 | ||||||
Hydro Power | Solar Peer | EPC Services | Solar Power | EPC / Services | Group | |||
2,243,385,971 | 5,693,270.523 | 2,650,798 | 1958.307592 | 2.64,966,V | 3,346,038,297 | 22,1fi6,067 | 5,633,160,928 | |
218,167,470 | 733,511,688 | 208,763,672 | 1,160,442,830 | 447,648,934 | 1,098,378,441 | 155,638,098 | 1,701,665,473 | |
2,481,6S3,441 | 6,426,782,211 | 230,414,470 | 9,118,750,1Z2 | 2,712.615.498 | 4,444,416,738 | 177,794,165 | 7,334.876,401 | |
433,830,572 | 5,043,784,305 | 443,151 | 5,478,058,028 | 473,263.103 | 2,657,754,820 | 405,750 | 3,t31,423,673 | |
277,605,9d | 693,150,897 | 85,0M,401 | 1,055,792,198 | 394,539.1g4 | 1,113,771,645 | 4,182,041 | 1,512,492,870 | |
/«, zs,‹/z | s,/zs,ezs,zsz | ss,/s,ssz | s,uc,s i,zzs | ss/az7ez | 1,/zi,szs,«s | ,ssz,zs1 | ‹,uz,s1s,s‹1 | |
The Gloup idenf//ied Hydro Fbaer, SofarFo+*erardEngineering, procurernenf and canstrucf/on {EPC) as 6us›riess seq/nenfs whereas he Company does nof ñave ›fen///iad/• segn enfs. T7tereW no Company segmen/a/in libs is presented.
PANASIAN POWER PLC
INTERIM C0NDEN3ED fiINANClAL STATEMENTS • QUARTER ENDED 30 JUNE 202a pq0yI$|0NAL fiINANCIAL STATEMENTS
TO THE FINANCIAL STATEMENTS
The inlerim ñnancial slafeeenb of lhe company and the group have teen prepared in accordance oil Sri Lanka Accoun5ng Standards. There were no changes lo lhe accoun#ng policies and iriethods of coiripuladon since Ihe publication of fhe Annual Report for Ihe ânancial year 2024/25. These inleriw financial statemenls have been prepared in compliance wilh Ihe requiremenls of Sri Lanka Accounling Slandard 34 'Interim Financial Reposing".
2 The inlerim £nancial slalements for the year ended 30 June 2025 includes "the Company" referring to Panasian Power PLC and "Ihe Group" comprises Ite company and ils forty owned subsidiaries and Padiyaoelella Hydropower Ltmiled wilh an 83"A slake, R-E-D- Capital Asia (PYt) Ltd, PAP SPGM Solar {PYt} Lld, PHP MHPL Solar(PYt) Lfd, PAP PTS Solar (Pyt) Ltd, PAP EGSS Solar (Prt) Lid wilti 51% slake and Paergen One (PYt) Ltd as a joinl demure. Please refer corporate infomation for more details.
The presentalion and classificalion of the financial staleeent of the previous peri0d fla• •°i"sted where relevant for bener presenlalion and to be roeparab9 wilh Period end rePortng.
2025
2024
LKR LKR
Highest during be quaner Lowesl during lhe quarler Closing
18.40
6.40
45.30
4.40
3.80
4.00
Market capilalizaton (LKR'000} | 9.562,500 | 2,500,000 | |
Float adjusted mai1‹el capilaiizalion (LKR '000) | 2,3K.62d | 625,000 | |
Public shareholding percenlage | 2d00W | 25.00y | |
Numder of public shareholders | 6,17d | 6,493 | |
Minimum public hoding - under section 7.13.1{i)(a) - opfion | 5 | ||
8 Relaled parly kansaclñns | |||
RecurrenJnoa rmrrenl Iransxlions with relaled parties' Transactions ai]h subsidiary companies |
fransacon lype | Theemxhaed%30Jue?Wf LKR'000 | "' monlfis ences 30 June 202g LKR0% | |
Fund transfers | (111,%3 | (168,329 | |
Expense shared | 52.603 | 35,893 | |
interest | 7,g6g |
Ihree months ended 30 June 202fi LKR'%0 | Three monlhs ended 30 June LKR'000 | ||
Fund transfers | (103,535 | 77 | |
Expense shared/reimbursed | 22,078 | 33g | |
nterest | 17 | {3,091 |
fransacténs beMeen ultmate parent and Panasian Power PLC subsdiary companies
Three monlhs ended 30 June 202fi | " monlhs ended 30 June 2024 | ||
won‹ing cap lal loan obtained | 325,352 | ||
Working capital loan repayment | 250,@0 |
T#e Iransaciions disclosed above ae in aggregate and include recur+enPnon-recurrent related pany liansacfions.
No non +ecurrenf ltansactions we+e taken place during fhe peñod ahhh require immediate announo•ment lo the CSE.
Cariial Wom-in Pn›9ress represents expendilures incurred on the construc£on of 05 Mws ground mounted solar project in PAP EGSS Solar (Private) Limited, PAP MHPL Solar (Private) Liiriited, PAP PTS Solar (Pñvale) Limited and PAP SPGM Solar{Private) LiNiled. CapiIaIWork-in Progress Balance will be Transferred la fhe relevant asset category hen it is available for use, i.e., when if is in the location and conditions are completed as per Ceylon Elecfrioify Board requirement.
9.1 05 Mw gr0unfi mounled solar projects ia Ancradhapura and Make were ‹x›nnsIefl Io ne nalioaal grid oa 06s June 2025 and 20a June 2025 respecliuly
and olal oroiect cosf oerlainina to aforesaid oroiects were capitalized durino lhe oeriod.
There have been no material events Occurring after Ihe reposing period jhat require adjustmenls to or disclosure in fhe financial statemenfs otfiet than dek›w,
i) 5Mw ground mounted solar projecf at KunJnegala is connected to lhe national grid On 14th July 2025. This project operated through fhe subsidiary ol PAP.
12 Commitment and contingent IiabiIitas
There a+e no material contingent liabilites as at reposing dale afiich require adjustirients to or disclosure in the financial slateeenb olher Can disclosures were made in annual repon 202#/25.
PANASIAN POWER PLC
INTERIM C080E0SE0 FINANCIAL STATEMENTS • QUARTER ENDED 38 JUNE 2fi2€ PROVI6I0¥AL FI8A8CIAL $TATENENTG
EXPLANATORY NOTES TO THE FINANCIAL STATEUEHTS (Contd.)
13 Trie disaggregalion ol revenue
Group | Company | |||||
Revenue | Three months ended 30 June 2025 L¥R'000 | Three monfhs ended 30 June 2024 LKR'000 | Three months ended 30 June 2025 LKR'000 | Three monlhs ended 30 June 7024 LKR'000 | ||
Supply of eleclñcity | 230,130 | 192,808 | 33,344 | 29,67g | ||
Sale of solar Inverters | 56,436 | 95,075 | ||||
Sale of Solar Panels | 7.718 | 102,511 | ||||
EPC Turnover | 19,140 | 60,643 | ||||
Service Income | 1,831 | 769 | ||||
Billing under the standardized power purchase agreement | 115,487 | 34,986 | ||||
Total | 314,956 | 64,664 | ||||
14 Fair value measuremenl and related fair value disclosures
The fair values of financial asseB and liabilifies, together with the canying amounts in fhe 8alance Sheet, are as follows:
Group | ||||
30-Jun-25 | 31-Mar-25 | |||
Carrying amount LKR '000 | Fair value LKR '000 | Carrying amount LKR '000 | Fair value LKR '000 | |
Finanfial asset at fair value through profit or loss (FVPL) Investment in investment fund | Level II | Level II | ||
35,369 | 35,369 | 38,205 | 38,205 | |
Financial assets at amortized cosf Trade receivables Relaled party receivables Investments in preference shares Cash at bank | 230.202 15,193 543,239 | 182,422 18,236 1,t71,046 | - | |
788,634 | 1,371,704 | - | ||
Financial liabilities at amo+tzed cost | ||||
Bank overdrags | 21,476 | 65,336 | ||
Trade and ofher payable | 398,634 | 719,012 | ||
Finance lease liabilities | 107,757 | 109,612 | ||
Interest Bearing Borrowings | 5,343,186 | 2,837,471 | ||
Loan from Related panies | 250,000 | |||
5,871,053 | 3,981,431 |
Company | ||||
30-Jun-25 | 31-Mar-25 | |||
Carrying amounl | Fair value | Canying amount | Fair value | |
LKR'000 | LKR '000 | LKR '000 | LKR '000 | |
Financial assets at fair value through profil or |oss (FVPL) | Level II | Level II | ||
Invesfmenl in invesfmenl fflnd | 107 | 107 | 105 | |
Financia) assels at an+orlized cost | ||||
Trade receivebles | 23,636 | 6,t01 | ||
Related parly receivables | 131,145 | 176,876 | ||
Investments in preference shares | 23,000 | 23,000 | ||
Cash at bank | 24,276 | 74,997 | ||
202,057 | 280,974 | |||
Financial liabilities al amoNzed ast | ||||
Bank overdrafts | 4,224 | 3,627 | ||
Tide and other payable | 29,254 | 26,560 | ||
Finance lease Iiabi)ilies | 49,863 | 53,375 | ||
Interesl bearing borrowings | 86,668 | |||
151,786 | 170,230 | |||
Fair Value Hierarchy
Fair value of £nancia| instrumenls are based on a fair value hierarchy yhich is defined below. Level II
Inputs other than quoled prices induded in Level 1 that are observaNe lor the assel or IIabiIi$, eilher direc#y or indires#y. Indudes, quoted prices lor similar assets or liabililies in aâve meitets, quoted prices for identical or similar assels in inactive mallets. inlerest iates or yield curyes.
PANASIAN POWER PLC
INTE9J I C050EN6ED FINANCIAL STATEMENTS • 90ARTER ENOED 30 JUfiIE 2025 PR0 SIONAL FINANCIAL 97ATENENTG
15 Pdt60t
R I L Property PLC is the parent oompany of Panasian Power PLC, holding 75% of fhe ordinary voting shares of the Company 16 Director's holding
DirestoLs hdding
Holding of 10% or more
RIL Properly PLC
Total non-public share holding Public holding
Stated Capital
There are no direclors holding shares of fhe company as al 30 June 2025
17 Twenty major shareholders of the Company as at 30 June 2028
NIL
+68,750,000
7500%
156,250,000 2500%
100'A
Name
1 R I L Properly PLC | ||||
2 People's Leasing and Finance PLC/Or. K.A.P.Gunawardhana | 1.44 | |||
3 Mr. P.G. Piyasiri | 8,015,010 | 1.28 | ||
4 Mr. A.M. Weerasinghe | 7,801,858 | 1.25 | ||
5 People's Leasing and Finance PLC/S.M.D.N.P. Banda | 6,300,000 | 1.01 | ||
6 Mr. G.8.D. Thilakaratne | 5,316,801 | 0.85 | ||
7 Mr. A.I. Edirisinghe | 5,301,201 | 0.85 | ||
8 ESTOrtATFC.Vgsaajk | 4,757,248 | 0.76 | ||
9 Llatton Nalional Bank PLC/Ayenka Holdings (Pvt.) Ltd. | 2,441,074 | 0.39 | ||
10 Citizens Development Business Finance PLC/T.Ruchira | 2,361.000 | 0.38 | ||
11 lyIr. A.D. Edussuriya | 2,316,857 | 0.37 | ||
12 Mr. A.S. Jayasingfie | 2,228, 30 | 0.36 | ||
13 Seylan Bank PLC/ChithriJ hishantha Jayasooriya | 2,000,000 | 0.32 | ||
14 Mr. 0. Senanayake | 1,899,032 | 0.80 | ||
15 Cocoshell Acfivated Carbon Company (PYt.) Ltd. | 1,630,000 | 0.2b | ||
16 Mr. G.S. Biyanñla | 1,525,000 | |||
17 Asse#ine Finance Limiled/S.K.Wjekoon | 1,500,000 | 0.24 | ||
18 HNB Inveslmenl Bank (Pyt) Lld./ Mr. Don Janaka Nisfjan Hettiarachchi | 1,fi00,000 | 0.24 | ||
19 Mr. L.W.P. Gunawardhana | 1,412,890 | 0.23 | ||
20 Mr. N.S. OsmaTj
1,230,000 0.20
537,286.101 65.97
PANASIAN POWER PLC
INTERIM CONDENSED FINANCIAL STATEIYIENTS - QUARTER ENDED 30 JUNE 2025 PROVISIONAL FINANCIAL STATEIYIENTS
Corporate Information
Name of the Company Panasian Power PLC
Legal Fom
A Public Quoted Company with limiled liability incorporaled under the Provision of the Companies Acl No 07 of 2007. The Company has been registered under Section 17(2) of the BOI Law No 4 of 1978 on 26 November 2008.
Date of incorporation 22 April, 2002
Date of lifting of shares on the Colombo Stock Exchange 7 January, 2011
Company Registration Number PV 9959 PB/PQ
Accounting Year End 31, March
Registered Office and Head Office
Level 4, BTL Shipping House, No. 45/2, Braybrooke Street, Colombo 02.
Subsidiary Companies
Manelwala Hydropower (Pvt) Limited Panasian Invatments (Pvt) Limited Solar Power Generation Matara (Pvt) Lld Panthree Solaro Energy (Pvt) Ltd
PAP Solar One (Pvt) Lld Padiyapelela Hydropower Limited
Rajarata Sustainable Development (Pvt) Ltd Finergreen Rajarata (Pvt) Lld
Panasian Power Zambia Limited
Lower Kolmale Oya Power Two (Pvt) Ltd
ECO Gfe60 S0lgF OllJti0f4S (Pvt) Lld Finergreen Ridiyagama (Pvt) Ltd Finergreen Gonnoruwa (Pvt) Ltd Finergreen Ma#ala (Pvl) Ltd Panasian Solar (Pvt) Ltd
PAP SPGM Solar (Pvt) Ltd PAP EGSS Solar (Pvt) L!d PAP MHPL Solar (Pvt) Ltd PAP PTS Solar (Pvt) Ltd
R-E-D Capilal Asia (Pvt) Ltd Solar One Asia (Pvt) Ltd Joint Ventures
Powergen One (Pvt) Lu
Nature of businecs
To engage in and undertake to establish, operate and manage any form of renewable energy power plant, and engage in any business related with the renewable energy seclor.
Directors
Mr. L,H.A.L.Silva (Chairman)
Mr. P.K. Pathmanalha (CEO/ Executive Director) Ms. L.K.A.H.Fernando
Mr. D. Sooriyaarachchi Mr. K. Kamburadeniya Ms. C. Pietersz
Ms. N. Ranatunga
Mr.I.R.Perera (Apginlm w.e.I s August noisy
Board SecreNq Ms R.Wedagedaa
List of Sub Committees
Board Audit and Risx committee
Ms C. Pielersz (Chairperson) Ms. L.K.A.H.Fernando
Mr. K. Kamburadeniya Ms. N. Ranatunga
Board Nominations and Governance Committee Mr K. Kamburadeniya (Chairman)
Mr. L H.A.L.Silva
Ms. r.K A.H.Fernando Mr. D. Sooriyaarachchi Ms. C. Pielersz
Board HR 6 Remuneration Committee
Mr. K. Kamburadeniya (Chairman) Mr. L H.A.L.Silva
Ms. L.K.A.H.Fernando Mr. D. Sooriyaarachchi Ms N. Ranalunga
Board Related Party Transactions Review Committee Ms. N. Ranatunga (Chairperson)
Mr. L.H.A.L.Silva
Ms. L.K.A.H.Fernando Mr. D. Sooriyaarachchi Ms. C. Pietersz
Registrars
S s P Corporate Services (Pvt) limited
No 101, Inner Flower Road
Colombo 3
Tel +94112573894
Auditors
M/s Ernst & Young Chartered Accounlants Rotunda Towers,
No. 109, Galle Road, Te! : +94 11 246 3500
Bankers
Sampalh Bank PLC
110, Sir James Peiris Mawalha
Colombo 2.
Tel: +94112303050
National Development Bank PLC 40,Nawam Maratha
Golombo t.
Tel: +94112448888
Seylan Bank PLC 80, Galle Road
Colombo 03.
Tel: +94112456135
DFCC Bank PLC
73/5, Galle Road,
Colombo 3.
TeI:+94 112350000
Lawyers Heritage Panners
No. 4, Heritage House, Malalasekara Pedesa, Colombo 07 Tel: •94 1T7550096
FJ&G de Saram No.216,de Saram Place, Colombo 10.
Commercial Bank of Ceyb«PLC Commercial House
No 21, Sir Razik Fareed Mawalha, Colombo 01.
Tel: +94112486028
Hatton Natk›ral Bank PLC
Level 14, 479, T B Jaya Mawalha
Colombo 10.
Tel: +94112660660
Union Bank of Colombo PLC 64 Galle Road, Colombo 03.
Tel: 94112374100
Bank of Ceylon
No 1, BOC Square,
Bank of Ceylon Maratha, Colombo 01.
Tel' •94 112204d44