Interim condensed financial statements - twelve months ended 31/03/2025

Three Months Ended 31st March

Tweleve Months Ended 31st March

2025

(Unaudited)

2024

(Unaudited)

Change %

2025

(Unaudited)

2024

(Audited)

Change %

Revenue

1,530,040,175

1,230,717,013

24%

6,902,690,234

5,851,799,675

18%

Billing under the Standardized Power Purchase Agreement

-

664,458,692

-100%

708,478,303

664,458,692

7%

Direct Cost

(1,049,654,165)

(742,231,165)

41%

(3,481,938,330)

(2,651,715,457)

31%

Gross Profit

480,386,010

1,152,944,541

-58%

4,129,230,207

3,864,542,910

7%

Other Operating Income

13,382,287

29,001,553

-54%

536,141,679

68,311,200

685%

Administration Expenses

(309,351,361)

(338,776,418)

-9%

(1,243,609,592)

(1,062,824,049)

17%

Goodwill Impairment

-

-

-

(390,000,000)

-

100%

Selling and Distribution Expenses

(12,980,752)

(6,889,350)

88%

(16,518,433)

(14,191,734)

16%

Profit from Operating Activities

171,436,184

836,280,326

-80%

3,015,243,862

2,855,838,327

6%

Finance Income

59,548,325

36,202,343

64%

370,996,272

414,547,503

-11%

Finance Costs

(253,091,961)

(252,248,849)

0%

(1,029,656,769)

(1,276,622,150)

-19%

Profit from Ordinary Activities before taxation

(22,107,451)

620,233,821

-104%

2,356,583,364

1,993,763,680

18%

Share of results of equity accounted investee

113,040,239

(6,772,976)

-1769%

593,319,088

561,339,988

6%

Profit before Taxation

90,932,788

613,460,845

-85%

2,949,902,452

2,555,103,667

15%

Income Tax Expenses

336,452,556

(122,845,252)

-374%

(313,465,190)

(383,694,810)

-18%

Dividend Tax

(223,999,429)

(420,814,495)

-47%

(386,747,444)

(420,814,495)

-8%

Profit after Taxation

203,385,914

69,801,098

191%

2,249,689,819

1,750,594,362

29%

Attributable to :

Non-controlling interests

52,211,557

58,718,569

11%

462,611,859

201,048,259

130%

Equity holders of the parent

151,174,357

11,082,529

1264%

1,787,077,960

1,549,546,103

15%

203,385,914

69,801,098

191%

2,249,689,819

1,750,594,362

29%

Other Comprehensive Income for the Year

Acturial gain/(loss) on retirement benefit obligation

(5,016,870)

(9,374,429)

-46%

(5,016,870)

(9,374,429)

-46%

Deferred Tax effect on acturial gain

1,505,061

2,812,329

-46%

1,505,061

2,812,329

-46%

Net exchange diffrences on translation of foreign operations

33,126,675

(410,096,164)

-108%

(17,588,910)

(146,843,145)

-88%

Net gain/(loss) on cash flow hedges

(4,822,602)

151,166,476

103%

6,736,021

89,660,002

-92%

228,178,178

(195,690,690)

-217%

2,235,325,120

1,686,849,119

33%

Attributable to :

Non-controlling interests

52,211,557

58,718,569

11%

462,611,859

201,048,259

130%

Equity holders of the parent

175,966,621

(254,409,259)

-169%

1,772,713,262

1,485,800,860

19%

228,178,178

(195,690,690)

-217%

2,235,325,120

1,686,849,119

33%

LKR

LKR

LKR

LKR

Earning per share

0.11

0.01

1.32

1.15

Dividend per share

1.00

1.00

1.00

1.00

As at 31.03.2025

Unaudited

As at 31.03.2024

Audited

ASSETS

Non-Current Assets

Property, Plant and Equipment

24,796,112,602

23,017,694,969

Right of use Assets

138,609,423

120,012,224

Investments in Equity Accounted Investees

4,913,630,158

4,800,283,018

Non Current Financial Assets

223,660,000

223,660,000

Intangible Assets

2,260,295,155

2,618,865,381

Total Non-Current Assets

32,332,307,338

30,780,515,592

Current Assets

Inventory

1,101,396,738

681,734,713

Other Non Financial Assets

-

14,605,777

Trade and Other Receivables

1,628,664,523

2,489,759,541

Inter company loan receivables

-

104,545,715

Amounts Due from Related Parties

80,357,083

62,228,820

Income Tax Receivable

32,403,136

63,280,431

Short Term Financial Assets

3,053,374,016

2,087,181,530

Cash and Cash Equivalents

1,195,948,790

1,758,008,479

Total Current Assets

7,092,144,286

7,261,345,006

Total Assets

39,424,451,624

38,041,860,597

EQUITY AND LIABILITIES

Capital and Reserves

Stated Capital

18,226,455,904

18,226,455,904

Retained earnings

4,510,595,856

4,178,500,475

Other Component of Equity

(49,817,878)

-

Cash flow hedge reserve

(530,107)

(8,312,536)

Foreign exchange reserve

579,951,175

597,540,085

Equity attributable to equity holders of the company

23,266,654,950

22,994,183,928

Non Controlling Interest

3,132,617,220

2,465,349,888

Total Equity

26,399,272,169

25,459,533,816

Non Current Liabilities

Interest Bearing Loans & Borrowings

9,049,038,574

7,542,629,214

Retirement benefit obligations

110,958,618

85,231,461

Deferred tax liabilities

1,696,900,458

1,930,248,533

Lease Liabilities

127,444,250

95,766,227

Total Non-Current Liabilities

10,984,341,899

9,653,875,436

Current Liabilities

Interest Bearing Loans & Borrowings

1,378,055,365

2,418,039,792

Lease Liabilities

16,492,031

8,428,368

Trade and Other Payables

628,804,055

444,270,036

Amounts Due to Related Parties

14,506,213

6,716,864

Bank Overdraft

2,979,889

50,996,286

As at 31.03.2025

(Unaudited)

As at 31.03.2024

(Audited)

Cash Flow from/(used) in Operating Activities

Net Profit before Taxation

2,949,902,452

2,555,103,667

Adjustments for

Profit accruing to the Group net of dividend

(593,319,088)

(561,339,988)

Depreciation & Amortization

1,755,130,519

2,160,123,147

Amortization of Right of use Asset

41,994,245

39,891,274

Goodwill Impairment

390,000,000

-

Loss/ (Gain) on Fixed Asset Disposal

(485,721,451)

(15,750,785)

Inventory Cost Adjustment

(19,126,840)

25,924,054

Foreign Exchange Gain / Loss

(73,331,331)

146,843,145

Interest Cost

1,029,656,769

1,240,412,826

Gratuity Provision

20,962,327

18,882,869

Dividend Income

(55,400,093)

(40,166,024)

ESC Written Off

-

21,732

WHT Written Off

2,641,278

3,573,895

Revaluation of Assets and Loan

(158,392,285)

570,307,377

Interest Income

(315,596,179)

(374,381,480)

Operating Profit before Working Capital Charges

4,489,400,323

5,769,445,709

(Increase)/Decrease in Trade & Other Receivables

871,369,243

2,838,596,530

(Increase)/Decrease in Inventories

(419,662,025)

50,035,020

(Increase)/Decrease in Amounts due from Related Parties

(18,128,264)

(23,054,498)

Increase/(Decrease) in Amounts due to Related Parties

7,789,349

(24,293,106)

Increase/(Decrease) in Trade & Other Payables

184,534,020

(595,795,829)

Cash Generated from/(used in) Operations

5,115,302,646

8,014,933,826

Interest Paid

(1,029,656,769)

(1,240,412,826)

WHT Paid

(10,274,224)

-

Dividend Tax Paid

(386,747,444)

(420,814,495)

Gratuity Paid

(252,039)

(4,790,911)

Income Tax Paid

(549,048,479)

(388,255,782)

(1,975,978,956)

(2,054,274,015)

Net Cash from/(used in) Operating Activities

3,139,323,691

5,960,659,811

Cash Flows from/(used in) Investing Activities

Interest Income

315,596,179

374,381,480

Dividend Income equity investors

55,400,093

314,956,360

Dividend Income other non financial assets

-

40,166,024

Acquisition Subsidiaries, Net of Cash

(90,590,494)

-

Acquisition of Property, Plant & Equipment

(2,723,135,643)

(4,242,898,394)

Disposal of Property, Plant & Equipment

1,494,247,190

864,023,265

Acquisition Subsidiaries, Net of Cash

1,117,317,736

-

Investment in associates

(132,000,000)

(150,000,000)

Short Term Investments - Fixed Deposit

(966,192,486)

910,125,096

Net Cash Flow from/(Used in) Investing Activities

(929,357,425)

(1,889,246,170)

Cash Flows from/(used in) Financing Activities

Dividend paid for equity holders of parent

(1,350,768,944)

(1,350,768,944)

Dividend paid for non controlling interest

(437,442,164)

(722,940,647)

Sharebuy back

(100,701,826)

-

Proceeds from Interest Bearing Borrowings

1,659,666,137

2,169,715,290

Repayments from Interest Bearing Borrowings

(2,570,786,641)

(2,181,657,351)

Intercompany Loan Settlement

104,545,715

845,592,487

Lease Paid

(28,521,833)

(19,425,503)

Net Cash Flow from/ (Used in) Financing Activities

(2,724,009,557)

(1,259,484,668)

Net Increase/(Decrease) in Cash and Cash Equivalents

(514,043,292)

2,811,928,972

Cash and Cash Equivalents at the Beginning of the Year

1,707,012,193

(1,104,916,779)

Cash and Cash Equivalents at the End of the Year

1,192,968,901

1,707,012,193

Analysis of Cash and Cash Equivalents

Cash at Bank - Favorable

1,195,948,790

1,758,008,479

Bank Overdrafts

(2,979,889)

(50,996,286)

1,192,968,901

1,707,012,193

Stated Capital

Cash Flow Hedge Reserve

Foreign Exchange Reserve

Other Component of Equity

Retained Earnings

Non Controlling Interest

Total Equity

Balance as at 01st April, 2023

18,226,455,904

(97,972,538)

744,383,231

-

3,947,846,714

2,378,607,359

25,199,320,670

Adjustment on correction of Error

-

-

-

-

38,438,701

(38,438,701)

-

Net Gain/(loss) on cash flow hedges

-

89,660,002

-

-

-

-

89,660,002

Acturial Gain/(Loss) on Defined Benefit Plans

-

-

-

-

(6,562,100)

-

(6,562,100)

Foreign Currency Translation Reserve

-

-

(146,843,145)

-

-

-

(146,843,145)

Acqusition on Non Controlling interest

-

-

-

-

-

647,073,617

647,073,617

Net Profit for the Year

-

-

-

-

1,549,546,103

201,048,259

1,750,594,362

Dividends - Ordinary Shares

-

-

-

-

(1,350,768,944)

(722,940,647)

(2,073,709,591)

Balance as at 31st March, 2024

18,226,455,904

(8,312,536)

597,540,085

-

4,178,500,475

2,465,349,888

25,459,533,816

Balance as at 01st April, 2024

18,226,455,904

(8,312,536)

597,540,085

-

4,178,500,475

2,465,349,888

25,459,533,816

Net Gain/(loss) on cash flow hedges

-

7,7 82,429

-

-

-

-

7,782,429

Excess Paid Over Share Buy Back

-

-

-

-

(100,701,826)

-

(100,701,826)

Exchange difference on Transaction of foreign operatio

n -

-

(17,588,910)

-

-

28,206,242

10,617,332

Acturial Gain/(Loss) on Defined Benefit Plans

-

-

-

-

(3,511,809)

-

(3,511,809)

Acqusition of Non Controlling interest

-

-

-

(49,817,878)

-

613,891,395

564,073,517

Net Profit for the Year

-

-

-

-

1,787,077,960

462,611,859

2,249,689,819

Dividends - Ordinary Shares

-

-

-

-

(1,350,768,944)

(437,442,164)

(1,788,211,108)

Balance as at 31st March, 2025

18,226,455,904

(530,107)

579,951,175

(49,817,878)

4,510,595,856

3,132,617,220

26,399,272,168

Three Months Ended 31st March Tweleve Months Ended 31st March

2025

2024

Change %

2025

2024

Change %

(Unaudited)

(Unaudited)

(Unaudited)

(Audited)

Revenue

218,307,942

211,988,728

3%

579,715,208

523,610,531

11%

Direct Cost

(64,530,309)

(86,061,042)

-25%

(115,576,990)

(97,270,369)

19%

Gross Profit

153,777,633

125,927,686

22%

464,138,218

426,340,162

9%

Other Operating Income

566,980

(49,755)

-1240%

2,169,658

9,982,805

-78%

Administration Expenses

(190,540,075)

(171,997,012)

11%

(792,874,570)

(640,078,465)

24%

Profit from Operating Activities

(36,195,463)

(46,119,081)

-22%

(326,566,695)

(203,755,498)

60%

Finance Income

1,670,727,139

1,387,746,997

20%

3,235,701,779

3,015,046,528

7%

Finance Costs

(41,824,858)

(33,509,644)

25%

(125,921,614)

(352,280,800)

-64%

Profit before taxation

1,592,706,818

1,308,118,272

22%

2,783,213,471

2,459,010,230

13%

Income Tax Expenses

3,906,324

101,896,426

-

-96%

11,046,370

22,344,007

-51%

Dividend Tax

(183,540,257)

-

100%

(358,045,165)

-

100%

Profit after Taxation

1,413,072,886

1,410,014,699

0%

2,436,214,676

2,481,354,238

-2%

Other comprehensive income for the year

Acturial gain/(loss) on retirement benefit obligation

(16,575,493)

(9,374,429)

77%

(5,016,870)

(9,374,429)

-46%

Deferred Tax effect on acturial gain

1,505,061

2,812,329

-

-46%

1,505,061

2,812,329

-46%

Net gain/(loss) on cash flow hedges

6,736,021

151,166,476

-96%

6,736,021

89,660,002

-92%

Total comprehensive income for the year

1,404,738,475

1,554,619,074

-10%

2,439,438,889

2,564,452,139

-5%

LKR

LKR

LKR

LKR

Earning per share

1.05

1.04

1.80

1.84

As at 31.03.2025

Unaudited

As at 31.03.2024

Audited

ASSETS

Non-Current Assets

Property, Plant and Equipment

161,954,815

41,740,932

Right of use Assets

14,967,841

5,117,287

Investments in Subsidiaries

16,754,575,118

16,078,074,117

Investments in Equity Accounted Investees

2,492,092,000

2,360,092,000

Non Current Financial Assets

223,660,000

223,660,000

Intangible Assets

796,506

1,491,666

Deferred Tax Assets

29,395,318

16,538,965

Total Non-Current Assets

19,677,441,598

18,726,714,967

Current Assets

Inventory

88,888,578

2,404,393

Trade and Other Receivables

211,154,632

273,012,608

Intercompany Loan Receivables

-

104,545,715

Amounts Due from Related Parties

267,794,895

136,263,381

Income Tax Receivables

90,227,203

80,414,447

Short Term Financial Assets

1,756,016,010

2,022,506,601

Cash and Cash Equivalents

326,678,415

347,725,473

Total Current Assets

2,740,759,733

2,966,872,618

Total Assets

22,418,201,331

21,693,587,581

EQUITY AND LIABILITIES

Capital and Reserves

Stated Capital

18,226,455,904

18,226,455,904

Retained Earnings

3,217,061,135

2,135,127,209

Cash Flow Hedge Reserve

(530,107)

(8,312,536)

Total Equity

21,442,986,932

20,353,270,577

Non Current Liabilities

Interest Bearing Loans & Borrowings

71,889,090

403,844,914

Lease Liabilities

3,783,575

-

Retirement benefit obligations

110,958,618

85,231,461

Total Non-Current Liabilities

186,631,283

489,076,375

Current Liabilities

Interest Bearing Loans & Borrowings

325,801,434

496,126,837

Lease Liabilities

12,242,884

3,707,796

Trade and Other Payables

95,662,544

138,198,048

Amounts Due to Related Parties

354,120,179

213,207,948

Bank Overdraft

756,073

-

Total Current Liabilities

788,583,116

851,240,628

Total Equity and Liabilities

22,418,201,331

21,693,587,581

Net assets per share (LKR)

15.87

15.07

As at 31.03.2025

(Unaudited)

As at 31.03.2024

(Audited)

Cash Flow from/( used) in Operating Activities

Net Profit before Taxation

2,783,213,471

2,459,010,230

Adjustments for

Depreciation & Amortization

34,657,152

34,873,852

Amortization of Right of use Asset

13,921,895

6,068,737

Loss/(Gain) on fixed asset disposal

(301,981)

(7,745)

Foreign Exchange (Gain)/Loss

-

(2,480,709)

Interest Cost

117,402,537

352,280,800

Gratuity Provision

20,962,327

18,882,869

Dividend Income

(3,049,063,483)

(2,571,780,096)

Revaluation of assets and loans

(9,981,704)

-

Interest Income

(186,638,297)

(413,220,798)

Operating Profit before Working Capital Charges

(275,828,082)

(116,372,860)

(Increase)/Decrease in Inventory

(86,484,185)

(2,404,393)

(Increase)/Decrease in Trade & Other Receivables

66,254,571

90,407,573

(Increase)/Decrease in Amounts due from Related Parties

(131,531,514)

620,293,187

Increase/(Decrease) in Amounts due to Related Parties

140,912,232

(19,965,994)

Increase/(Decrease) in Trade & Other Payables

(42,535,504)

(97,953,681)

(53,384,399)

590,376,692

Cash Generated from/(used in) Operations

(329,212,482)

474,003,832

Interest Paid

(117,402,537)

(352,280,800)

Income Tax Paid

(304,922)

(107,554,448)

WHT Paid

(4,396,595)

(9,814,478)

Dividend Tax Paid

(358,045,165)

-

Gratuity Paid

(252,039)

(4,790,911)

(480,401,258)

(474,440,637)

Net Cash from/(used in) Operating Activities

(809,613,739)

(436,805)

Cash Flows from/(used in) Investing Activities

Interest Income

186,638,297

413,220,798

Dividend Income

3,049,063,483

2,571,780,096

Investment in Subsidaries

(676,501,001)

(1,298,783,313)

Investment in Associates

(132,000,000)

(150,000,000)

Acquisition of Property, Plant & Equipment

(155,424,273)

(1,645,724)

Disposal of Property, Plant & Equipment

553,239

4,831,997

Short Term Investments - Fixed Deposit

266,490,591

964,722,196

Net Cash Flow from/(Used in) Investing Activities

2,538,820,335

2,504,126,050

Cash Flows from/(used in) Financing Activities

Dividend paid for equity holders of parent

(1,350,768,942)

(1,350,768,942)

Proceeds from Interest Bearing Borrowings

-

200,000,000

Repayments from Interest Bearing Borrowings

(492,152,651)

(508,602,424)

Intercompany Loan Settlement

104,545,715

973,592,487

Lease paid

(12,633,848)

(7,242,682)

Net Cash Flow from/ (Used in) Financing Activities

(1,751,009,726)

(693,021,560)

Net Increase/(Decrease) in Cash and Cash Equivalents

(21,803,131)

1,810,667,684

Cash and Cash Equivalents at the Beginning of the Year

347,725,473

(1,462,942,211)

Cash and Cash Equivalents at the End of the Year

325,922,343

347,725,473

Analysis of Cash and Cash Equivalants

Cash at Bank - Favorable

326,678,415

347,725,473

Bank Overdrafts

(756,073)

-

325,922,343

347,725,473

Stated Capital

Cash Flow Hedge Reserve

Retained Earnings

Total Equity

Balance as at 01st April, 2023

18,226,455,904

(97,972,538)

1,011,104,014

19,139,587,381

Net Gain/(Loss) on cash flow hedges

-

89,660,002

-

89,660,002

Net Profit for the Year

-

-

2,481,354,238

2,481,354,238

Acturial Gain/Loss

-

-

(6,562,100)

(6,562,100)

Dividends - Ordinary Shares

-

-

(1,350,768,942)

(1,350,768,942)

Balance as at 31st March, 2024

18,226,455,904

(8,312,536)

2,135,127,210

20,353,270,578

Balance as at 01st April, 2024

18,226,455,904

(8,312,536)

2,135,127,210

20,353,270,578

Net loss on cash flow hedges

-

7,782,429

-

7,782,429

Acturial Gain/Loss

-

-

(3,511,809)

(3,511,809)

Net Profit for the Year

-

-

2,436,214,676

2,436,214,676

Dividends - Ordinary Shares

-

-

(1,350,768,942)

(1,350,768,942)

Balance as at 31st March, 2025

18,226,455,904

(530,107)

3,217,061,135

21,442,986,932

Three Months Ended 31st March 2025

Wind

Solar

Hydro

Overseas

Holding

Automobile

Other/ Elimination

Group

Revenue

402,363,044

649,903,489

65,460,331

211,393,753

218,307,942

63,836,294

(81,224,678)

1,530,040,175

Direct Cost

(764,795,618)

(140,533,406)

(33,032,900)

(76,074,698)

(64,530,309)

(13,448,207)

42,760,973

(1,049,654,165)

Gross Profit

(362,432,574)

509,370,083

32,427,432

135,319,055

153,777,633

50,388,087

(38,463,705)

480,386,010

Other Income

7,554,999

5,505,769

-

-

566,980

19,538

(264,999)

13,382,287

Administration Expenses

(94,121,380)

(18,699,816)

(6,971,094)

(28,538,498)

(190,959,443)

(8,789,834)

38,728,704

(309,351,361)

Selling and Distribution Expenses

-

-

-

-

-

(12,980,752)

-

(12,980,752)

Net Finance Cost

(105,175,164)

(46,025,966)

530,577

(46,195,535)

1,979,104,073

5,127,919

(1,980,909,538)

(193,543,636)

Profit from Operating Activities

(554,174,120)

450,150,070

25,986,915

60,585,022

1,942,489,242

33,764,958

(1,980,909,538)

(22,107,451)

Associate profit

-

-

-

-

-

-

113,040,239

113,040,239

Profit before Tax of the Group

(554,174,120)

450,150,070

25,986,915

60,585,022

1,942,489,242

33,764,958

(1,867,869,299)

90,932,788

Twelve Months Ended 31st March 2025

Wind

Solar

Hydro

Overseas

Holding

Automobile

Other/ Elimination

Group

Revenue

3,857,848,366

1,640,317,856

506,410,835

968,466,594

579,715,208

390,373,048

(331,963,370)

7,611,168,537

Direct Cost

(2,468,976,696)

(453,232,210)

(119,709,668)

(304,944,106)

(115,576,990)

(194,839,785)

175,341,125

(3,481,938,330)

Gross Profit

1,388,871,671

1,187,085,646

386,701,167

663,522,488

464,138,218

195,533,263

(156,622,245)

4,129,230,207

Other Income

38,091,486

493,668,665

-

-

5,271,155

19,538

(909,164)

536,141,679

Administration Expenses

(332,027,422)

(99,827,126)

(30,038,050)

(92,748,254)

(794,451,867)

(52,048,283)

(232,468,591)

(1,633,609,592)

Selling and Distribution Expenses

-

-

-

-

-

(16,518,433)

-

(16,518,433)

Net Finance Cost

(449,448,983)

(208,390,650)

678,714

(124,360,692)

3,908,122,767

1,404,625

(3,786,666,278)

(658,660,498)

Profit from Operating Activities

645,486,751

1,372,536,535

357,341,831

446,413,542

3,583,080,273

128,390,710

(4,176,666,278)

2,356,583,364

Associate profit

-

-

-

-

-

-

593,319,088

593,319,088

Profit before Tax of the Group

645, 486,751

1,372,536,535

357,341,831

446,413,542

3,583,080,273

128,390,710

(3,583,347,191)

2,949,902,452

As at 31st March 2025

Wind

Solar

Hydro

Overseas

Holding

Automobile

Other/ Elimination

Group

Total Non-Current Assets

12,335,317,292

6,964,064,971

2,223,906,116

3,749,954,980

22,313,721,860

6,423,848

(15,261,081,729)

32,332,307,338

Total Current Assets

1,810,224,960

2,074,937,736

165,502,924

561,710,535

2,323,734,247

279,000,823

(122,966,939)

7,092,144,286

Total Assets

14,145,542,251

9,039,002,706

2,389,409,040

4,311,665,515

24,637,456,107

285,424,671

(15,384,048,668)

39,424,451,624

Total Non Current Liabilities

5,209,237,598

3,316,821,510

532,972,060

1,777,328,783

146,962,963

1,018,985

-

10,984,341,899

Total Current Liabilities

468,765,606

770,000,683

51,476,416

519,757,235

338,948,928

171,266,773

(279,378,084)

2,040,837,556

Total Liabilities

5,678,003,204

4,086,822,193

584,448,476

2,297,086,018

485,911,890

172,285,758

(279,378,084)

13,025,179,455

Notes:

The above figures are in LKR, unle The figures in brackets indicate de The above figures are not audited.

ss otherwise stated. ductions.

Objective Number

Objective as per Prospectus/ Circular

Amount Allocated as per Prospectus/ Circular in LKR

Proposed Date of Utilization as per Prospectus/ Circular

Amount allocated from Proceeds

in LKR (A)

% of Total Proceeds

Amounts Utilized in LKR (B)

% of Utilization against Allocation (B/A)

Clarification if not fully utilized including where the funds are invested

1

Mannar Wind Power Project

927,000,000

2022 Q1

927,000,000

29%

927,000,000

100%

Project completed

Cost Escalation -Mannar WPP

1,573,000,000

1,573,000,000

49%

1,573,000,000

100%

2

Other on-going Projects and future

741,845,456

Not disclosed

projects

2.1

Sky Solar Private Ltd.

79,500,000

2%

79,500,000

100%

Project completed

2.2

Solar Universe Private Ltd

168,000,000

5%

168,000,000

100%

Project completed

2.3

Crane-less Wind Equipment

67,000,000

2%

25,000,000

37%

Project completion : FY 2025/26 Q2

2.4

Kebitigollewa Solar Power Project

427,345,456

13%

427,345,456

100%

Project completed

3,241,845,456

3,241,845,456

100%

3,199,845,456

99%

For the quarter ended 31st March

2025

2024

LKR

LKR

Highest

27.80

20.40

Lowest

24.20

19.00

Closing

25.00

19.60

Number of Shares

1,350,768,942

1,350,768,942

Market Capitalization on 31st March

33,769,223,550

26,475,071,263

2. Shares of the Company were listed on the Colombo Stock Exchange on the 22nd of April 2021

3. Public Holding as at 31st March

2025

2024

Issued Share Capital (No. of Shares)

1,350,768,942

1,350,768,942

Public Holding as % of Issued Share Capital

24.43%

19.83%

Total Number of Shareholders

3,528

3,447

Number of Shareholders representing the Public Holding

3,509

3,426

Float Adjusted Market Capitalisation - (LKR)

8,250,496,698

5,248,947,629

SN

1

Shareholder

Akbar Brothers Pvt Ltd

31st March 2025

No. of Shares

492,754,404

Holding

36.48%

2

Hirdaramani Private Limited

279,211,864

20.67%

3

Mona Exports (PVT) Limited

126,005,666

9.33%

4

BBH-Tundra Sustainable Frontier Fund

70,500,000

5.22%

5

Amaliya Private Limited

44,676,827

3.31%

6

Mr. K.B.M.I. Perera

43,125,052

3.19%

7

BBH -Tundra Shikari Global

41,019,719

3.04%

8

Hirdaramani Power Private Limited

31,827,927

2.36%

9

Quick Tea (PVT) LTD

16,568,003

1.23%

10

Mr. H.M. Udeshi

14,550,000

1.08%

11

Tea House (PVT) LTD

13,092,218

0.97%

12

J.B. Cocoshell (PVT) LTD

12,861,475

0.95%

13

Cocoshell Activated Carbon Company (PVT) LTD

12,600,000

0.93%

14

Saboor Chatoor (PVT) LTD

8,300,000

0.61%

15

Mr. M.K.T. Darwazeh

7,413,761

0.55%

16

Mr. S.K.T. Darwazeh

7,413,761

0.55%

17

Mouldex (PVT) LTD

7,401,648

0.55%

18

Employees Trust Fund Board

6,972,822

0.52%

19

Marina Blue (Private) Limited

6,969,184

0.52%

20

Odyssey Capital Partners (Private) Limited

4,509,703

0.33%

Other Shareholders

102,994,908

7.62%

Total

1,350,768,942

100.00%