Colombo, Sri Lanka – August 25, 2026 – Brown & Company PLC (B & Co PLC), a leading Sri Lankan conglomerate, has announced the release of its Annual Report for the financial year ended March 31, 2026. The report provides a comprehensive overview of the Group’s diverse operations, strategic initiatives, and financial performance amidst an evolving economic environment.
Reflecting its enduring vision to be a leading Sri Lankan conglomerate excelling through sunrise and sunshine industries with a global presence and cutting-edge technology, Brown & Company PLC continues to adapt and innovate across its extensive portfolio. The Group’s mission focuses on continuously enhancing stakeholder value through innovative and customer-centric solutions, built on generations of trust and reliability.
Financial Highlights: A Year of Strategic Shifts and Resilience
The financial year 2025/26 saw Brown & Company PLC navigate a complex economic landscape. Key financial highlights for the Group include:
- Revenue (Gross): Increased significantly by 47% year-on-year to Rs. 154.39 billion from Rs. 104.85 billion in the previous year, demonstrating robust top-line growth.
- EBIT: Reported at Rs. 19.25 billion, compared to Rs. 72.26 billion in FY 2024/25, indicating shifts in operational profitability.
- Profit/(Loss) after Tax: The Group recorded a loss after tax of Rs. (27.80) billion for the year, compared to a profit of Rs. 19.71 billion in the prior year, primarily impacted by finance costs and significant adjustments.
- Total Assets: Grew to Rs. 776.60 billion from Rs. 752.78 billion, underscoring continued expansion and investment.
- Shareholders’ Funds: Increased to Rs. 110.62 billion from Rs. 100.10 billion, reflecting sustained equity base strength.
- Earnings/(Loss) per Share: Reported a loss of Rs. (73.17) per share, contrasting with an earnings per share of Rs. 152.51 in the previous year.
Strategic Business Unit Performance: Growth and Innovation Across Clusters
The Group’s diverse business clusters showcased a mix of growth, innovation, and strategic restructuring during the financial year:
Automotive & Hardware Cluster
This segment strengthened its market position through product innovation and digital transformation. A notable achievement was the Browns E-Care app, which surpassed one million warranty registrations, marking Sri Lanka’s first-ever paperless e-warranty in the battery sector. Product diversification included Absorbent Glass Mat (AGM) batteries for premium vehicles and cost-effective solutions for three-wheelers. The division received Gold & Bronze awards at the SLIM NASCO Awards for sales excellence.
Agriculture & Heavy Equipment Cluster
Browns Agriculture delivered exceptional performance, recording its strongest results to date with revenue reaching Rs. 19.3 billion, a 92% growth year-on-year. It maintained market leadership in tractors (40% share) and combine harvesters (65% share). Key innovations included the TAFE Dyna Track 4WD tractor, YANMAR Crop Tiger Maize Harvester, and XAG P60 Agricultural Drone. The division also focused on sustainability and community engagement through initiatives like the ‘Track Tech Free Service Campaign’ and ‘Sisu Nena Pahana’ programme.
Pharmaceuticals, Consumer and Industrial Engineering Solutions Cluster
Browns Pharmaceuticals showed sound performance, diversifying into the aquaculture sector with shrimp feed products and a new vaccine solution for aquatic animal health. The Integrated Engineering Solutions Division achieved record revenue and profitability, expanding its lubricants and industrial chemicals portfolio. Browns Industrial Services doubled its profitability, while Browns Tech Solutions focused on accelerating project conversion and strengthening customer engagement.
Agri Business and Plantations Cluster
Browns Plantations continued its global expansion across Asia and Africa, leveraging synergies for operational excellence. Despite rising costs and climatic challenges, local plantations demonstrated resilience, with Tea Smallholder Factories PLC showing significant financial improvement post-acquisition. Gal Oya Sugar Industries faced a challenging environment but maintained stable production. AgStar PLC delivered a strong recovery, surpassing Rs. 10 billion in consolidated revenue, driven by fertilizer and agri-technology segments. The Group received multiple national and international sustainability awards, including the “Control Union Deforestation-Free Standard (DFS) Certificate” for Hapugastenne Plantations PLC.
Leisure & Entertainment Cluster
Browns Hotels & Resorts achieved its strongest financial performance to date, capitalising on the global tourism recovery. Property enhancements included renovations and the launch of Newburgh Ella – The Tea Factory Resort, a fully paperless hospitality operation. The introduction of Ayuwasa Wellness, a unified wellness concept, catered to growing demand for personalised experiences. The portfolio garnered 41 national and international awards, reinforcing its position as a top hotel brand in Sri Lanka.
Construction Cluster
Browns Engineering and Construction underwent a business transformation, prioritising project quality and risk-adjusted returns. Although revenue declined to Rs. 2.7 billion, gross profit margins significantly improved from 14% to 25%. Key projects included project management consultancy for a USD 108 million luxury resort in North Malé Atoll, Maldives, and ongoing involvement in the Colombo Marina Development within Port City Colombo. Sierra Cables PLC delivered exceptional performance, recording its highest-ever revenue of Rs. 16 billion, supported by strong export demand and sustainability efforts.
Human Capital and Digital Transformation: Building a Future-Ready Organisation
The Group continued to invest in its human capital, evolving its HR strategy to focus on talent acquisition, employee experience, and leadership development. Digital transformation remained a core focus, with initiatives such as the enhanced SimplifiedHR system, the Browns HR Policy Chatbot, and AI-enabled CV shortlisting. The establishment of Nexus, the Group’s AI platform, aims to scale AI adoption across the business and drive new growth opportunities through intelligent automation and connected solutions.
Corporate Governance and Future Outlook
Brown & Company PLC reaffirms its commitment to high standards of corporate governance, with a strong framework ensuring oversight and accountability. The Board of Directors, supported by various committees, ensures effective leadership and adherence to ethical practices. Looking ahead, the Group remains focused on aligning with strategic areas in the national economy, capitalising on growth opportunities in leisure, construction, agri-business, trading, and manufacturing, and advancing its digital capabilities to drive sustainable growth and long-term value creation.
Source: Read original document
