Colombo, Sri Lanka – 31 August 2026 – Abans Electricals PLC (AEL), a pivotal player in Sri Lanka’s consumer durables and renewable energy sectors, today announced a stellar financial performance for the year ended 31st March 2026. The company’s latest Annual Report, filed with the Colombo Stock Exchange (CSE), highlights record-breaking profitability and significant revenue growth, reflecting successful strategic initiatives and resilient operational execution amidst an evolving economic landscape.
The company achieved its highest-ever profit after tax, surging by 18.48% to LKR 592.58 million, up from LKR 500.16 million in the previous financial year. This impressive bottom-line performance was underpinned by a 15.25% increase in total revenue, reaching LKR 7.73 billion, compared to LKR 6.71 billion in FY 2024/25. Shareholders are set to benefit from this strong performance, with the Board recommending a final dividend of LKR 26.00 per share.
Driving Financial Excellence: Key Performance Indicators
Abans Electricals PLC’s robust financial results are a testament to its strategic agility and operational efficiency:
- Record Revenue: The top line expanded significantly to LKR 7.73 billion, primarily driven by exceptional growth in its manufacturing and services divisions.
- Unprecedented Profitability: Profit after tax soared to LKR 592.58 million, marking the third consecutive year of highest profitability for the company.
- Manufacturing Momentum: The manufacturing segment delivered an outstanding 44.47% revenue growth, achieving its highest production volumes in company history for washing machines and injection-moulded components, responding adeptly to revived retail demand.
- Service Sector Surge: The services segment recorded the largest improvement, with revenue increasing by 30.96% year-on-year, a direct result of comprehensive restructuring and enhanced digital capabilities in after-sales service.
- Shareholder Returns: Beyond the proposed LKR 26.00 per share dividend, the company’s share price saw a remarkable 192.18% increase to LKR 1,130.00 by March 31, 2026, boosting market capitalization.
Strategic Operational Enhancements and Market Responsiveness
The company’s success in FY 2025/26 was propelled by several key strategic initiatives:
- Digital Transformation: A full transition to a comprehensive Enterprise Resource Planning (ERP) system has significantly enhanced decision-making, reporting, and internal controls, while accelerating the digitisation of service processes for improved efficiency and customer experience.
- Diversified Product Portfolio: Recognising shifts in the solar market due to regulatory changes and tariff structures, Abans Electricals proactively diversified its offerings to include hybrid and off-grid solar solutions, alongside a strategic entry into the rapidly growing electric vehicle (EV) charger market.
- Prudent Management: Disciplined cash flow management, effective debtor control, and significant savings in finance costs contributed substantially to the improved profitability.
- Resilience Amidst Challenges: The company successfully navigated operational disruptions caused by Cyclone Ditwah and global geopolitical tensions, ensuring business continuity and supporting affected employees and customers.
Navigating the Operating Environment
The Sri Lankan economy demonstrated resilience, achieving 5% GDP growth for the second consecutive year in 2025, supported by political and policy stability. While inflation and interest rates remained relatively stable, geopolitical tensions, particularly in the Middle East, introduced volatility in raw material prices and supply chains, alongside currency depreciation pressures. Abans Electricals, however, responded strategically to these dynamics, reinforcing its supply base and refining its cost optimisation initiatives.
Outlook for FY 2026/27: Sustained Growth and Innovation
Looking ahead, Abans Electricals PLC remains cautiously optimistic despite persistent geopolitical uncertainties that may impact energy prices and global supply chains. The company’s strategic focus for FY 2026/27 includes:
- Service Expansion: Continuing to expand its after-sales service operations, increasing geographic coverage, and enhancing digital integration to support the entire Abans retail network.
- Manufacturing Innovation: Investing in injection moulding capabilities, expanding production capacity, and launching new washing machine models with upgraded features.
- Renewable Energy Leadership: Strengthening its position in off-grid and hybrid solar solutions and expanding EV charging infrastructure, including the launch of a dedicated mobile payment application.
- Digital and Human Capital Investment: Continued investment in digitisation, AI integration, and employee development to enhance productivity and competitiveness.
Commitment to Governance and Sustainability
Abans Electricals PLC reaffirms its unwavering commitment to the highest standards of corporate governance, ethical conduct, and regulatory compliance. The company is actively exploring the adoption of recognised sustainability reporting standards (ESG) to progressively strengthen its environmental and social practices, integrating sustainability into its long-term business strategy.
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