Interim Financial Statements for the Quarter ended 31st December 2025

HQ COLOMBO (LEVEL 4), NO. 464A, T.B. JAYAH MAWATHA,

COLOMBO 10.

SERENDIB LAND PLC

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

Unaudited

As at

31.12.2025

Rs

Unaudited

As at

31.12.2024

Rs

Audited

As at

31.03.2025

Rs

ASSETS

NON-CURRENT ASSETS

Investment Property

Right of use Assets

737,980,629

740,500,000

737,980,629

-

1,023,442

-

737,980,629

741,523,442

737,980,629

CURRENT ASSETS

Trade & Other Receivable

Short Term Investment

Investment in Equity Securities

Income Tax Receivable

Cash & Cash Equivalents

13,462,854

14,261,053

23,834,000

42,528,503

56,270,054

12,042,108

13,722,664

6,478,553

9,942,589

7,738,827

3,135,633

-

3,598,727

6,428,820

52,031,555

81,051,575

86,574,114

97,850,252

819,032,204

828,097,557

835,830,881

CAPITAL & RESERVES

Stated Capital

Retained Earnings

Financial Assets FVOCI Reserve

Other Reserves

Shareholders' fund

100,000,800

100,000,800

100,000,800

68,123,171

70,165,379

73,100,586

9,660,543

2,416,431

5,880,468

528,333,329

530,852,700

528,333,329

706,117,843

703,435,310

707,315,183

NON-CURRENT LIABILITIES

Deferred Tax Liability

Lease liability

108,741,273

109,339,491

108,741,274

-

812

-

108,741,273

109,340,303

108,741,274

CURRENT LIABILITIES

Other Payables

Lease liabilities

Dividend Payable

Income Tax Payable

Bank over draft

2,964,493

14,894,548

15,003,852

-

103

-

4,006

-

1,931,474

-

-

2,736,391

1,204,586

427,290

102,707

4,173,086

15,321,941

19,774,424

819,032,204

828,097,557

835,830,881

(Sgd.) A.R.Walpita

Chief Financial Officer

(Sgd.) M. J Ratnayaka

Audit Committee Chairman

(Sgd.) J. M. Swaminathan

Chairman

06 February 2026

Colombo

Unaudited

3 months Period

Unaudited

3 months Period

Variance

%

Unaudited 9 months

Unaudited

9 months Period

Variance

%

ended

ended

ended

ended

31.12.2025

Rs.

31.12.2024

Rs.

31.12.2025

Rs.

31.12.2024

Rs.

Revenue

-

6,761,661

(100.0)

6,761,661

20,284,983

(66.7)

Direct Operating Expenses

(343,600)

(343,599)

0.0

(1,030,798)

(1,030,797)

0.0

Gross profit/(Loss)

(343,600)

6,418,062

(105.4)

5,730,863

19,254,186

(70.2)

Other Income

906,543

1,162,124

(22.0)

3,072,819

3,705,048

(17.1)

Administrative expenses

(2,190,726)

(1,798,484)

21.8

(5,878,951)

(4,360,469)

34.8

Profit/(Loss) Before taxation

(1,627,782)

5,781,702

(128.2)

2,924,731

18,598,765

(84.3)

Income Tax Expenses

-

(1,734,511)

(100.0)

(1,918,556)

(5,579,629)

(65.6)

Net profit/(Loss) for the period

(1,627,782)

4,047,192

(140.2)

1,006,175

13,019,135

(92.3)

Other Comprehensive income (OCI)

Items that are or may be reclassified to profit or loss

- Net change in fair value of financial assets - available for sale

(536,885)

(279,039)

3,780,075

(456,360)

Total comprehensive income net of tax

(2,164,667)

3,768,153

6,105,540

8,794,623

Earnings per share (Rs.)

(4.52)

11.24

13.39

13.39

The above figures are provisional & subject to audit

Figures in brackets indicate deductions.

SERENDIB LAND PLC

STATEMENT OF CHANGES IN EQUITY

THREE MONTHS ENDED 31 DECEMBER 2025

Balance as at April 1, 2024

100,000,800

700,845,186

13,019,135

(9,972,651)

(456,361)

Net Profit for the Period

-

Final Dividend

-

Other Comprehensive Income

-

Balance as at December 31, 2024

100,000,800

Balance as at April 1, 2025

100,000,800

Net Profit for the Period

-

Final Dividend

-

Other Comprehensive Income

-

Balance as at December 31, 2025 (Un-audited)

100,000,800

530,852,700 2,416,431

70,165,379

703,435,310

528,333,329 5,880,468

73,100,586

707,315,183

- -

1,006,175

1,006,175

- -

(5,983,590)

(5,983,590)

- 3,780,075

-

3,780,075

The interim financial statements are presented in Sri Lankan rupees and all values are rounded to the nearest thousand except when otherwise

indicated.

03. Significant Accounting Policies

4. Financial Instruments

Sri Lanka Accounting Standard - SLFRS 9 on "Financial Instruments

The Sri Lanka Accounting Standard - SLFRS 9 on "Financial Instruments", which replaces the existing guidance on LKAS 39 on "Financial Instruments: Recognition and Measurement" has become effective for annual reporting periods beginning on or after January 01, 2018.

SLFRS 9 replaces the "Incurred Loss Model" in LKAS 39 with forward looking "Expected Loss Model ("ECL") which requires considerable judgement over how changes in economic factors affect ECL, which in turn is to be determined on a probability weighted basis. SLFRS 9 also contains a new classification and measurement approach for financial assets that reflects the business model in which assets are

managed based on their cash flow characteristics.

Based on the "Statement of Alternative Treatment (SoAT) on the Figures in the Interim Financial Statements" issued by The Institute of Chartered Accountants of Sri Lanka entities are granted with the option to prepare Interim Financial Statements continuing the application of LKAS 39 with disclosures on impact to the Income Statement and Statement of Profit or Loss and Other Comprehensive Income for the

period if SLFRS 9 has been applied.

05. Fair value measurement and related fair value disclosures

As at reporting date there were no significant differences in the comparison made between fair value and carrying value of financial assets and liabilities.The fair value changes in financial instruments were properly recorded in the Statement of Profit or Loss and Other Comprehensive Income as at reporting date.

06. Contingent liabilities

There were no material contingent liabilities as at 31st December 2025.

07. Subsequent event

No events have been occurred since the date of the statement of financial position which would require adjustments to or disclosure in the

financial statements.

Unaudited

Unaudited

Unaudited

Unaudited

3 Months

3 Months

9 months Period

9 months Period

ended

ended

ended

ended

Rs.

Rs.

Rs.

Rs.

CASH FLOW FROM OPERATING ACTIVITIES

31.12.2025

31.12.2024

31.12.2025

31.12.2024

Profit/(Loss) before Taxation

(1,627,782)

5,781,702

2,924,731

18,598,765

Adjustments for:

Lease Interest

-

25

-

75

Amortization of Right to use asset

-

4,549

-

13,647

Interest Income

(906,543)

(1,162,124)

(3,072,819)

(3,705,048)

Impairment loss on financial assets - available for sale

-

-

-

-

Operating Cash flows before working capital changes

(2,534,325)

4,624,152

(148,088)

14,907,439

(Increase )/ Decrease in receivables

532,716

239,786

3,326,098

2,573,650

Increase / (Decrease) in payables

(1,012,313)

(135,000)

(13,966,827)

(332,835)

Cash generated from operating activities

(3,013,922)

4,728,938

(10,788,817)

17,148,254

Income tax paid

(1,217,410)

(1,899,137)

(4,333,958)

(4,912,827)

Net cash generated from operating activities

(4,231,332)

2,829,801

(15,122,775)

12,235,427

CASH FLOW FROM INVESTING ACTIVITIES

Interest Received

795,171

1,162,124

2,739,064

3,905,695

Withdrawal /(Investment )in Short Term Investment

3,419,268

(1,043,973)

14,052,757

(3,237,882)

Net cash flow used in investing activities

4,214,438

118,151

16,791,820

667,813

CASH FLOW FROM FINANCING ACTIVITIES

Dividend Paid

(3,857,489)

(9,972,651)

(5,983,590)

(9,972,650)

Net cash flow used in finance activities

(3,857,489)

(9,972,651)

(5,983,590)

(9,972,650)

-

-

Net Increase / (Decrease) in cash and cash equivalents

(3,874,383)

(7,024,698)

(4,314,545)

2,930,589

Cash and cash equivalents at the beginning of the period

6,268,523

13,026,229

6,708,685

3,070,942

2,394,140

6,001,531

2,394,140

6,001,530

Figures in brackets indicate deductions.

Cash and cash equivalents at the end of the period

Cash & Cash Equivalents

3,598,727

6,428,820

3,598,727

6,428,820

Bank Overdraft

(1,204,586)

(427,290)

(1,204,586)

(427,290)

2,394,140

6,001,530

2,394,140

6,001,530

Un-audited

31.12.2025

Un-audited

31.12.2024

Earnings per Ordinary Share (Rs.)

-4.52

Net Assets per Share (Rs.)

1770.14

Debt/Equity Ratio (%)

-

Current Ratio (Times)

19.42

SERENDIB LAND PLC

ADDITIONAL INFORMATION FOR THE QUARTERLY STATEMENTS

Information pertaining to the shares traded during the Quarter ended 31 December 2025

extracted from the website of the Colombo Stock Exchange, is set out below:

Period

2025-4

2024-4

Date High

20-Nov-25

30-Dec-24

High Rs.

2,160.25

1,550.00

Date Low

14-Nov-25

4-Oct-24

Low Rs.

1,500.00

1,156.00

Close Rs.

1,710.25

1,400.50

Trade Vol.

654

102

Share Vol.

164,133

820

Turn Over Rs.

249,540,747.50

1,127,265.50

Last traded Date

30-Dec-25

31-Dec-24

Days Traded

49

31

As at

31.12.2024

-

-

-

-

-

-

Total Number of Shareholders

413

Total number of shares of the company

398,906

Number of Public Shareholders As at 31 December 2025

407

As at 31 December, 2025, the public holding of the Company was 11.96% .

The float adjusted market capitalization as at 31 December 2025 was Rs. 81,594,587/=

SERENDIB LAND PLC

ADDITIONAL INFORMATION FOR THE QUARTERLY STATEMENTS

20 Major Shareholders

31.12.2025

Shares

%

1

SAMPATH BANK PLC/SENTHILVERL HOLDINGS (PVT) LTD

152,681

38.27

2

GEE GEES PROPERTIES (PVT) LTD

64,910

16.27

3

GITANJALI GAJALUCKSHMI (PVT) LTD

64,908

16.27

4

AIA INSURANCE LANKA LIMITED

28,492

7.14

5

GEE GEES PROPERTIES (PVT) LTD

20,117

5.04

6

GITANJALI GAJALUCKSHMI (PVT) LTD

20,077

5.03

7

MR. O.D. LIYANAGE

4,500

1.13

8

MS. J. THARSHANA

3,710

0.93

9

SANDWAVE LIMITED

3,385

0.85

10

MRS. M.J. SAVERIMUTTU

2,720

0.68

11

MRS. S.Z. OSSMAN

2,437

0.61

12

OSSMAN ASSOCIATES (PVT) LTD.

1,971

0.49

13

FINEXTRA CAPITAL (PVT) LTD

1,662

0.42

14

MRS. N. GUNATILLEKE

1,661

0.42

15

MR. M.F. CADER

1,350

0.34

16

MR. G.C.W. DE SILVA(DECEASED)

1,342

0.34

17

MR K.T. WICKREMARATNE

831

0.21

18

MRS. F.H.M. KAMIL

800

0.20

19

MR. U.I. SURIYABANDARA

725

0.18

20

COLOMBO INVESTMENT TRUST PLC

711

0.18