INTERIM CONDENSED FINANCIAL STATEMENTS |
THREE MONTHS ENDED 30TH JUNE 2025 |
Raigam Wayamba Salterns PLC & Subsidiary Companies STATEMENT OF FINANCIAL POSITION
Group | Company | ||
30.06.2025 | 31.03.2025 | 30.06.2025 | 31.03.2025 |
(Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
770,552,472 | 782,101,827 | 613,767,363 | 621,656,689 |
2,219,565 | 2,509,802 | 2,219,565 | 2,509,802 |
27,425,179 | 28,699,511 | 14,114,858 | 14,275,483 |
- | - | 285,140,226 | 285,140,226 |
800,197,216 | 813,311,140 | 915,242,012 | 923,582,200 |
1,164,670,704 960,924,367 1,346,888,387 72,117,371 2,025,387 | 232,148,891 1,007,253,404 1,296,888,386 141,735,907 2,025,387 | 1,112,356,003 1,006,464,174 918,757,976 41,621,280 - | 145,018,779 950,712,800 918,757,976 25,206,127 - |
3,546,626,216 | 2,680,051,975 | 3,079,199,433 | 2,039,695,682 |
4,346,823,432 | 3,493,363,115 | 3,994,441,445 | 2,963,277,882 |
604,414,640 272,611,545 2,052,183,262 | 604,414,640 272,611,544 1,838,238,053 | 604,414,640 197,677,167 1,781,606,888 | 604,414,640 197,677,167 1,554,052,742 |
2,929,209,447 | 2,715,264,237 | 2,583,698,695 | 2,356,144,549 |
32,193,148 86,784,778 17,043,273 | 33,429,886 86,685,871 17,730,594 | 27,679,487 55,470,380 5,558,176 | 29,143,655 55,470,380 5,755,669 |
136,021,199 | 137,846,351 | 88,708,043 | 90,369,704 |
879,823,577 119,626,815 282,142,394 | 402,142,595 71,325,267 166,784,665 | 967,151,253 93,280,595 261,602,859 | 343,286,355 60,233,309 113,243,965 |
1,281,592,786 | 640,252,527 | 1,322,034,707 | 516,763,629 |
4,346,823,432 | 3,493,363,115 | 3,994,441,445 | 2,963,277,882 |
10.38 | 9.62 | 9.16 | 8.35 |
Rs. As at
ASSETS
Non-Current Assets Property, Plant and Equipment Intangible Assets
Right of Use Assets Investments in Subsidiaries
Current Assets
Inventories
Trade and other Receivables Held to Maturity Financial Assets Cash and Cash Equivalents Income Tax Receivable
Total Assets
EQUITY AND LIABILITIES
Stated Capital Revaluation Reserve Retained Earnings
Non-Current Liabilities Defined Benefit Obligation Deferred Tax Liability
Interest Bearing Loans and Borrowings
Current Liabilities Trade and Other Payables Income Tax Payable
Interest Bearing Loans and Borrowings
Total Equity and Liabilities Net Assets per Share
These financial statements are in compliance with the requirements of the Companies Act No :07 of 2007.
…..................................................................
N Jayasuriya - Director Finance
The Board of Directors is resposible for the preparation and presentation of these financial statements. Signed for and on behalf of the Board by:
….................................................................. …............................................................
G V P G Amarasinghe - Director K R Theadore - Director
August 15 , 2025 Colombo
Raigam Wayamba Salterns PLC & Subsidiary Companies
STATEMENT OF PROFIT OR LOSS
Group | |
Quarter ended 30th June | |
2025 | 2024 |
(Unaudited) | (Unaudited) |
834,556,316 | 282,639,446 |
(499,901,135) | (177,523,655) |
334,655,181 | 105,115,791 |
(39,521,490) | (34,037,145) |
(46,450,621) | (32,291,844) |
248,683,070 | 38,786,802 |
(1,285,302) | (455,087) |
29,199,897 | 29,773,136 |
27,914,595 | 29,318,049 |
276,597,665 | 68,104,851 |
(62,652,456) | (18,243,826) |
213,945,209 | 49,861,025 |
0.76 | 0.18 |
Company | |
Quarter ended 30th June | |
2025 | 2024 |
(Unaudited) | (Unaudited) |
806,622,444 | 241,938,489 |
(522,308,381) | (170,545,954) |
284,314,063 | 71,392,535 |
(29,745,888) | (26,882,210) |
(39,566,813) | (26,999,996) |
215,001,362 | 17,510,329 |
(983,092) | (152,856) |
19,570,968 | 26,413,626 |
18,587,876 | 26,260,770 |
233,589,238 | 43,771,099 |
(48,674,944) | (9,613,078) |
184,914,294 | 34,158,021 |
0.66 | 0.12 |
Rs.
Revenue
Cost of Sales
Gross Profit
Administrative Expenses Selling and Distribution Costs
Results From Operating Activities
Finance Cost Finance Income
Net Finance (Cost) / Income Profit Before Tax
Income Tax Expense
Profit for the Period
Earnings Per Share
- Basic Earnings Per Share
Raigam Wayamba Salterns PLC & Subsidiary CompaniesGroup | Company | ||
Quarter ended 30th June | Quarter ended 30th June | ||
2025 | 2024 | 2025 | 2024 |
(Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
213,945,209 | 49,861,025 | 184,914,294 | 34,158,021 |
- | - | - | - |
- | - | - | - |
- | - | - | - |
- | - | - | - |
213,945,209 | 49,861,025 | 184,914,294 | 34,158,021 |
STATEMENT OF OTHER COMPREHENSIVE INCOME
Rs.
Profit for the Period
Actuarial (Loss)/ Gain on post Retirement Benefit Liability Gain on Revaluation of Property, Plant and Equipment Deffered Tax on Actuarial (Gain)/ Loss
Equipment
Total Comprehensive Income, Net of Tax
Raigam Wayamba Salterns PLC & Subsidiary Companies |
STATEMENT OF CHANGES IN EQUITY |
Group Rs. | Stated Capital | Revaluation Reserve | Retained Earnings | Total |
Balance as at 31.03.2024 (Audited) | 604,414,640 | 272,611,544 | 1,521,910,364 | 2,398,936,548 |
Profit for the Period | - | 358,658,787 | 358,658,787 | |
Other Comprehensive Income | - | - | ||
Dividend paid | (42,331,098) | (42,331,098) | ||
Balance as at 31.03.2025 (Unaudited) | 604,414,640 | 272,611,544 | 1,838,238,053 | 2,715,264,237 |
Profit for the Period | - | - | 213,945,209 | 213,945,209 |
Dividend paid | - | - | - | - |
Balance as at 30.06.2025 ( Unaudited ) | 604,414,640 | 272,611,544 | 2,052,183,262 | 2,929,209,447 |
Company Rs. | Stated Capital | Revaluation Reserve | Retained Earnings | Total |
Balance as at 31.03.2024 (Audited) | 604,414,640 | 197,677,167 | 1,287,638,719 | 2,089,730,525 |
Profit for the Period | - | - | 308,572,772 | 308,572,772 |
Other Comprehensive Income | - | - | 2,812,202 | 2,812,202 |
Dividend paid | - | - | (42,331,098) | (42,331,098) |
Balance as at 31.03.2025 (Unaudited) | 604,414,640 | 197,677,167 | 1,556,692,594 | 2,358,784,402 |
Dividend paid | - | - | - | |
Profit for the Year | - | - | 184,914,294 | 184,914,294 |
Other Comprehensive Income | - | - | - | - |
Balance as at 30.06.2025 (Unaudited) | 604,414,640 | 197,677,167 | 1,741,606,888 | 2,543,698,695 |
Group | |
30.06.2025 (Un Audited) 276,597,665 11,541,305 1,449,981 290,237 1,470,854 (29,385,449) 1,479,016 - | 30.06.2024 (Un Audited) 68,104,851 10,959,990 1,307,368 213,576 455,087 (29,773,136) 1,729,082 - |
263,443,609 (932,521,813) 46,329,037 477,680,982 | 52,996,818 26,524,629 (12,279,276) (116,854,456) |
(145,068,185) (1,470,854) (11,785,559) - | (49,612,285) (251,985) (26,058,585) (434,495) |
(158,324,598) | (76,357,350) |
(230,000) -29,385,449 (50,000,000) | - -29,773,136 (62,208,394) |
(20,844,551) | (32,435,258) |
(2,026,999) - | (3,287,604) - |
(2,026,999) | (3,287,604) |
(181,196,148) (22,263,423) | (112,080,212) 206,416,290 |
(203,459,571) | 94,336,078 |
Company | |
30.06.2025 (Un Audited) 233,589,238 8,119,325 160,625 290,237 983,092 (19,570,968) 1,261,041 - | 30.06.2024 (Un Audited) 34,858,576 7,451,636 160,625 213,576 152,856 (26,413,626) 1,578,677 - |
224,832,590 (922,878,897) (79,001,693) 653,301,325 | 18,002,320 (37,869,733) 152,894,256 (186,207,404) |
(123,746,675) (983,092) (22,567,258) - | (53,180,561) (152,856) (18,806,483) (434,495) |
(147,297,025) | (72,574,395) |
(230,000) -19,570,968 - | - -26,413,626 - |
19,340,968 | 26,413,626 |
(325,107) - | - - |
(325,107) | - |
(128,281,164) (90,191,980) | (46,160,769) 100,102,688 |
(218,473,144) | 53,941,918 |
For the Three months ended |
Cash Flows from Operating Activities |
Net Profit before Income Tax Expense |
Adjustments for |
Depreciation |
Amortisation of Lease Premises/Right of use assets |
Amortisation of Intangible Assets |
Finance Costs |
Finance Income |
Provision for Defined Benefit Plans |
Provision for Doubful Debtors |
Operating Profit before Working Capital Changes |
(Increase)/Decrease in Inventories |
(Increase)/Decrease in Trade and Other Receivables |
Increase/ (Decrease) in Trade and Other Payables |
Cash Generated from Operations |
Finance Costs Paid |
Income Tax Paid |
Gratuity Paid |
Net Cash from Operating Activities |
Cash Flows from Investing Activities |
Acquisition of Property, Plant and Equipment |
Acquisition of Intangible Assets |
Finance Income Received |
Investments in Fixed Deposits |
Net Cash from / (used in) Investing Activities |
Cash Flows from Financing Activities |
Lease Installments Paid |
Payment of Dividends |
Net Cash from/(used in) Financing Activities |
Net Increase/(Decrease) in Cash and Cash Equivalents
Cash and Cash Equivalents at the Beginning of the Period |
Cash and Cash Equivalents at the End of the Period |
Raigam Wayamba Salterns PLC & Subsidiary Companies | ||
NOTES TO THE FINANCIAL STATEMENTS | ||
For the Three Months Ended 30th June 2025 | ||
01. Corporate Information | ||
Raigam Wayamba Salterns PLC is a Public Listed Company incorporated and domiciled in Sri Lanka and listed on the Colombo Stock Exchange. | ||
The Company was incorporated on 15.06.2005 as a Private Limited Company (N(PVS) 42056) and re-registered on 15.01.2009 (PV 10922) and then, converted to a Public Limited Company on 21.12.2009 (PV 10922 PB) and upon listing on the Colombo Stock Exchange, converted to a Public Listed Company on 13.08.2010 (PV 10922 PB / PQ). | ||
The interim condensed financial statements of the Group and the Company for the Three months ended 30th June 2025 were authorized for issue by the Board of Directors on 14.08.2025. | ||
02. Basis of Preparation | ||
The interim condensed financial statements have been prepared on the basis of the same accounting policies and methods applied for the year ended 31st March 2025 and are in compliance with Sri Lanka Accounting Standard LKAS 34 Interim Financial Reporting. These interim condensed financial statements should be read in conjunction with the annual financial statements for the year ended 31st March 2025. Further, provisions of the companies Act No. 7 of 2007 have been considered in preparing the interim financial statements of the company and the group. | ||
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. | ||
The interim condensed financial statements are presented in Sri Lankan Rupees. | ||
03. Share Information | ||
3.1 Share Listing | ||
The Company listed its shares on the Diri Savi Board of the Colombo Stock Exchange on 29th April 2010. | ||
3.2 Public Share Holding | ||
Information pertaining to public shareholding as at 30th June 2025 is as follows: | ||
As at 30.06.2025 | As at 31.03.2025 | |
Public holding percentage | 28.02% | 28.05% |
Number of public shareholders | 3,921 | 3,806 |
Float adjusted market capitalisation | 672,067,622 | 672,865,125 |
The applicable option under CSE Rule 7.14.1 (b) on minimum public holding is option 2 and the float adjusted Market capitalization as of 30.06.2025 was Rs. 672,067,622/= | ||
3.3 Directors' Share Holding | ||
Directors' share holding of the company is as follows, | ||
Name of the Director | As at 30.06.2025 | As at 31.03.2025 |
Dr. Ravindranath Liyanage | 933,221 Shares | 839,397 Shares |
Mr. Kishan Rohana Theodore | Nil | Nil |
Mr. G.V.P.Ganaka Amarasinghe | Nil | Nil |
Snr. Prof. S.P.P. Amaratunge | Nil | Nil |
Mr. H. A. S.Samaraweera | Nil | Nil |
Mr. T.Dharmarajah | Nil | Nil |
Mr. W. P. Somarathne | Nil | Nil |
Raigam Wayamba Salterns PLC & Subsidiary Companies | |||||
NOTES TO THE FINANCIAL STATEMENTS | |||||
3.4 Major Shareholders | |||||
Details of the twenty major shareholders are as follows, | |||||
No | Name of the Shareholder | 30.Jun.2025 | 31.Mar.2025 | ||
No. of Shares | % | No. of Shares | % | ||
1 | Raigam Distributors (Pvt) Ltd | 101,103,660 | 35.83% | 101,103,660 | 35.83% |
2 | Raigam Marketing Services (Pvt) Ltd | 101,103,660 | 35.83% | 101,103,660 | 35.83% |
3 | Employees Provident Fund | 28,220,732 | 10.00% | 37,396,665 | 13.29% |
4 | Dr. Chaminda Dayan Rajapakse | 7,304,621 | 2.59% | 457,118 | 0.16% |
5 | Tranz Dominion L.L.C. | 3,707,949 | 1.31% | 3,707,949 | 1.31% |
6 | Dr. Ubayawickrama Rajapakse | 2,376,759 | 0.84% | - | - |
7 | Seylan Bank PLC / J.P. Raj | 1,128,828 | 0.40% | 768,954 | 0.27% |
8 | Dr. Arambegoda Lokugamage Daminda Wijedasa | 1,108,325 | 0.39% | - | - |
9 | Mr. Jayasundarage Banuka Malintha Jayatissa | 1,000,046 | 0.35% | - | - |
10 | Mr. Brian Lester Sebastian Peiris and Mr. L.B. Peiris | 1,000,000 | 0.35% | 1,000,000 | 0.35% |
11 | Dr. Ravindranath Liyanage | 933,221 | 0.33% | 839,397 | 0.30% |
12 | Mr. Ravindra Raj Weerawardana | 747,100 | 0.26% | 747,100 | 0.26% |
13 | Mr. Dulan Nethaka Rajapakse | 676,962 | 0.24% | - | - |
14 | Mr. Shanmugan Senthilnathan | 633,973 | 0.22% | - | - |
15 | Mr. Hiran Arjuna Surendra Madanayake | 520,000 | 0.18% | 520,000 | 0.18% |
16 | Mr. Muditha Manujith Hettigama | 488,199 | 0.17% | - | - |
17 | Mr. Suresh Hashantha Gregory Perera | 477,679 | 0.17% | 477,679 | 0.17% |
18 | Mr. Upali Chandrarathna Gunasekara | 438,592 | 0.16% | - | - |
19 | Mr. Makawitage Lahiru Anton Perera Wijesinghe Jayawardhana | 395,549 | 0.14% | 525,608 | 0.19% |
20 | Mr. Kathri Arachchige Susantha Nalaka Thilakasiri | 392,615 | 0.14% | 368,800 | 0.13% |
253,758,470 | 89.89% | 249,016,590 | 88.26% | ||
3.5 Stated Capital | |||||
Stated Capital as at 30th June 2025 is represented by shares in issue as given below; | |||||
As at | 30.Jun.2025 | 31.Mar.2025 | |||
No. of Ordinary Shares | 282,207,320 | 282,207,320 | |||
3.6 Net Assets per Share | |||||
Net Assets per share have been calculated for each period, based on the number of shares in issue as at the end of respective period. | |||||
3.7 Earnings per Share | |||||
The diluted earnings per share is same as the basic earnings per share. | |||||
3.8 Market Price per Share | |||||
For the quarter ended 30th June 2025 | |||||
Rs. | |||||
Highest (during the period) | 14.10 | ||||
Lowest (during the period) | 8.30 | ||||
Closing (as at 30.06.2025) | 12.00 | ||||
Raigam Wayamba Salterns PLC & Subsidiary Companies |
NOTES TO THE FINANCIAL STATEMENTS |
3.9 Trading Activities |
For the quarter ended 30th June 2025 |
Number of Trades during the period | 10,470 | |
Number of Shares Traded during the period | 61,168,661 | |
Value of Shares Traded during the period | Rs. | 648,086,147 |
04. Contingencies, Capital and Other Commitments |
No changes have been taken place to contingent assets and contingent liabilities since the last Balance Sheet date, which have been disclosed in the interim consended financial statements for the twelve months ended 31st march 2025. |
05. Events after the Reporting Date |
There have been no material events subsequent to the Reporting date, which require disclosure in the Interim Financial Statements. |
Raigam Wayamba Salterns PLC & Subsidiary Companies | |
CORPORATE INFORMATION | |
NAME OF THE COMPANY | REGISTRARS |
Raigam Wayamba Salterns PLC | Business Intelligence (Pvt) Ltd |
08, Tickell Road | |
LEGAL FORM | Colombo 08. |
Public Listed Company Incorporated in Sri Lanka | |
Ordinary Shares Listed on Colombo Stock Exchange | AUDITORS |
Messrs. Ernst & Young, | |
Chartered Accountants, | |
REGISTRATION NUMBER | 201, De Saram Place, |
PV 10922 PB/PQ | Colombo 10. |
DIRECTORS | BANKERS |
Dr. Ravindranath Liyanage | Sampath Bank PLC |
Mr. Kishan Rohana Theodore | People's Bank |
Mr. G.V.P.Ganaka Amarasinghe | Commercial Bank of Ceylon PLC |
Snr. Prof. S. P. P. Amaratunge | DFCC Bank PLC |
Mr. T.Dharmarajah | |
Mr. H. A. S.Samaraweera | REGISTERED OFFICE |
Mr. W.P. Somarathne | No 23, Walukarama Road, |
SECRETARIES | Colombo 03. |
Business Intelligence (Pvt) Ltd | CONTACT DETAILS |
08, Tickell Road | Tel: 0112753340-1, 011 4886777 |
Colombo 08. | Fax: 011 2753342 |
E-mail: info@raigam.lk | |
SUBSIDIARY COMPANIES | Web: https://www.wayambasalterns.lk |
Southern Salt Company ( Pvt) Ltd. - Fully owned subsidiary | |
Raigam Wayamba Cereals (Pvt) Ltd. - Fully owned subsidiary | |