Colombo, Sri Lanka – 31 August 2026 – ACL Cables PLC (CSE: ACL), Sri Lanka’s largest cable manufacturer, has announced an unprecedented financial performance for the fiscal year ended 31st March 2026, marking it as the most outstanding year in the company’s six-decade history. The conglomerate reported record revenue and profit after tax, driven by accelerated economic momentum and surging demand across its core sectors.
The latest Annual Report, released today, highlights ACL Cables PLC’s strong resilience, strategic clarity, and operational excellence, positioning it for continued growth in a dynamic market.
Stellar Financial Highlights Reflect Robust Growth
For the year ended 31st March 2026, ACL Cables PLC showcased remarkable financial achievements:
- Group Revenue: Soared to an all-time high of LKR 45,508 million, a significant 21% increase from LKR 37,487 million in the previous year.
- Group Profit After Tax: Reached a record LKR 7,280 million, demonstrating a substantial 34% growth compared to LKR 5,420 million in FY 2024/25.
- Company Turnover: Recorded LKR 22,859 million, reflecting a robust 32% growth.
- Company Profit After Tax: Increased by an impressive 56%, reaching LKR 3,757 million.
- Earnings Per Share (EPS): Stood at LKR 8.82 for the Group (restated for share subdivision).
- Total Equity: Grew to LKR 42,978 million, up from LKR 36,020 million.
- Return on Equity (ROE): Achieved 18% for the fiscal year.
“The ACL Group delivered its most outstanding financial performance in its six-decade history—a resounding testament to our strategic clarity, operational excellence, and the power of a fully energised team,” stated Mr. U.G. Madanayake, Chairman of ACL Cables PLC.
Strategic Capitalisation on Economic Tailwinds
The record performance was largely attributed to Sri Lanka’s economic recovery, which saw robust GDP growth of approximately 5% in 2025. This resurgence was marked by:
- Stabilised single-digit inflation.
- Surging foreign exchange reserves (USD 6.8 billion), boosted by record tourism earnings and remittances.
- Full-pace resumption of major infrastructure and renewable energy projects.
The construction sector, a vital driver for ACL, expanded by 5.7%, while the Ceylon Electricity Board (CEB) significantly ramped up its infrastructure investments and rural electrification programmes. ACL Cables PLC, with its established distribution networks and capacity for timely, quality delivery, was ideally positioned to meet this unprecedented demand.
Managing Director Mr. Suren Madanayake commented, “Powered by the full resumption of construction activity across Sri Lanka and the strong surge in CEB-related demand, ACL Cables delivered a performance that surpassed every record we have set before. These are not just numbers; they are a declaration of the strength, resilience, and potential of ACL Cables PLC.”
Operational Excellence, Innovation and Sustainable Future
ACL Cables PLC demonstrated significant operational excellence, with manufacturing facilities operating at peak efficiency and a resilient supply chain. The company’s extensive product portfolio, encompassing house wiring cables, power cables, telecommunication cables, and a new elegance range of electrical switches and accessories, catered effectively to diverse market needs.
Looking ahead, ACL Cables PLC is focused on:
- Diversification: Expanding exports to new geographic regions to reduce dependency on the local market.
- Innovation: Leveraging cutting-edge technologies to enhance product offerings and manufacturing processes.
- Sustainability: Aligning with global sustainability trends and embracing eco-friendly solutions, further solidified by its strategic investment in Resus Energy PLC in the renewable energy sector.
The company’s commitment to sustainability is evident in its environmental management and stewardship, including water recycling, energy efficiency initiatives (with 70% renewable energy consumption), and effective waste management.
Awards and Recognition Underscore Industry Leadership
ACL Cables PLC’s leadership and commitment to quality were further recognised through prestigious accolades during the period:
- Gold Award in the Extra Large Category of Electronic & Electrical Product Sector at the NCE Export Awards.
- Ethical Trading Award at the NCE Export Awards.
- Inclusion in the S&P Sri Lanka 20 Index of the Colombo Stock Exchange (CSE) in June 2026.
The Board of Directors also reaffirmed its commitment to strong corporate governance, ensuring transparency, accountability, and ethical conduct across all operations, while proactively managing risks and stakeholder engagement.
ACL Cables PLC enters FY 2026/27 with cautious optimism, confident in its strategy, its people, and its commitment to delivering sustainable value to all stakeholders amidst an evolving macroeconomic landscape.
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