Colombo, Sri Lanka – 31 August 2026 – Alpha Fire Services PLC (CSE: FIRE.N0000), Sri Lanka’s premier listed fire protection solutions provider, today announced the release of its Annual Report for the financial year ended 31st March 2026. The comprehensive document, titled “The Map of Trust,” highlights a period of unprecedented financial growth, strategic expansion, and robust operational development, affirming the company’s leading position in the fire safety sector.
Record Financial Performance Driven by Strong Market Recovery
The 2025/26 financial year proved to be a pivotal one for Alpha Fire Services PLC, with the company reporting record-breaking financial results. Revenue soared by an impressive 21% year-on-year to Rs. 503.18 million, surpassing the half-billion mark for the first time in its history. This substantial growth was complemented by a 25% increase in gross profits, reaching Rs. 220.01 million, demonstrating enhanced operational efficiency and a disciplined approach to project execution.
Profitability saw significant uplift, with Profit Before Tax rising by 29% to Rs. 76.77 million and Profit After Tax increasing by 25% to Rs. 51.97 million. The company also strengthened its financial position, with total equity growing by 29% to Rs. 229.33 million. Notably, total liabilities decreased by 32% and total debt reduced by 33%, showcasing proactive balance sheet management and improved financial flexibility. The Return on Assets (ROA) also saw a healthy increase of 3.22%, reaching 14.03%, reflecting efficient asset utilisation.
Earnings Per Share (EPS) for the year stood at Rs. 1.37, compared to Rs. 1.09 in the previous financial year, providing enhanced value for shareholders.
Strategic Footprint Expansion and Operational Excellence
The Annual Report underscores Alpha Fire Services PLC’s ambitious growth strategy, marked by significant regional and international expansion. A key highlight was the establishment of the company’s first regional service centre in Kandy, a strategic move towards decentralised operations aimed at improving service delivery and responsiveness across the Central Province. Furthermore, the company initiated its international expansion by entering the Maldives market, identifying it as a crucial gateway for broader regional growth in South Asia.
Operational infrastructure also received a major boost with the relocation of the company’s workshop and storage operations to a newly acquired, fully owned facility in Polgasowita. This state-of-the-art hub is envisioned to operate as a 24-hour service centre with advanced fire equipment servicing capabilities, significantly enhancing efficiency and service capacity.
Innovation remained at the forefront, with Alpha Fire Services PLC diversifying its product portfolio to address evolving fire safety risks. New introductions included Nano Mist suppression systems, FireFlex systems for electrical panels, lithium fire extinguishers, and a groundbreaking Car Fire Blanket designed to rapidly contain fires in conventional, hybrid, and electric vehicles.
Embracing digital transformation, the company launched an e-commerce platform and established a dedicated Customer Care Unit, enhancing customer accessibility and streamlining service delivery, particularly for the expanding Business-to-Consumer (B2C) market.
Leadership’s Vision for a Safer Tomorrow
Mr. A.U.A. Menaka Athukorala, Chairman of Alpha Fire Services PLC, reflected on the year: “True strength lies not merely in responding to challenges, but in anticipating them. At Alpha Fire PLC, we remain committed to building resilience, acting with foresight and positioning ourselves today to embrace the opportunities of tomorrow.” He highlighted Sri Lanka’s macroeconomic stability and renewed activity in construction and infrastructure as key drivers for the company’s strong performance, further bolstered by a new Board and a refreshed brand identity following an acquisition by major shareholders.
Mr. K.M.A. Viraj Fernando, Managing Director, reiterated the strategic shift: “The financial year 2025/26 marked a period of consolidation, expansion and strategic repositioning for Alpha Fire Services PLC. Our deliberate shift towards project-based business and improved execution across service operations has driven approximately 20-25% growth.” He outlined future priorities including the establishment of additional regional service centres in Galle and Jaffna, full operationalisation of the Polgasowita facility, and continued digital expansion.
Robust Governance and Future-Forward Outlook
The Annual Report details Alpha Fire Services PLC’s unwavering commitment to strong corporate governance, ethical conduct, and sustainable practices. The Board of Directors, comprising a balanced mix of executive and independent non-executive directors, ensures robust oversight through dedicated Audit, Remuneration, and Related Party Transactions Review Committees. The company affirmed full compliance with the Code of Best Practice on Corporate Governance issued by the Institute of Chartered Accountants of Sri Lanka and the Colombo Stock Exchange Listing Rules.
Risk management is embedded within the company’s strategic planning, guided by an Enterprise Risk Management (ERM) Policy based on ISO 31000:2018. The report thoroughly outlines approaches to managing people, market, supply chain, financial, business continuity, and compliance risks, while also addressing emerging challenges such as international expansion, technology, ESG, and climate-related risks.
With a healthy order book securing approximately 50% of the projected revenue for the upcoming financial year, Alpha Fire Services PLC is poised for sustained momentum. The company plans to continue its investments in regional service networks, advanced facilities, and digital capabilities, reinforcing its mission to protect what matters most – people, businesses, and communities.
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