COLOMBO – 31 August 2026 – Cable Solutions PLC (CSE: CSLK), a leader in precision-engineered cable and harness solutions, today announced the release of its Annual Report for the financial year ended 31st March 2026. The report, themed “Core Connectivity – at the heart of every connection,” highlights the company’s resilience, strategic advancements, and steadfast commitment to sustainability despite a challenging global operating environment.
The 2025/26 financial year saw Cable Solutions PLC navigate rising raw material costs, particularly copper price volatility, geopolitical disruptions, and currency fluctuations, yet still achieve commendable growth and operational milestones. The company reinforced its market position and continued investing in capabilities designed to support long-term expansion in international markets.
Key Financial Highlights: Sustained Revenue Growth and Robust Equity
According to the Annual Report, Cable Solutions PLC delivered a strong top-line performance, with group revenue increasing by 7% year-on-year to reach LKR 3,369 million in FY2025/26 (Company: LKR 3,358 million). Despite pressures on margins due to external factors, the company maintained a gross profit margin of 29%.
- Revenue: LKR 3,369 million (Group) / LKR 3,358 million (Company), a 7% year-on-year increase.
- Profit After Tax (PAT): LKR 349 million (Group) / LKR 392 million (Company). The report notes that PAT was primarily influenced by year-end inventory adjustments and strategic price stabilization initiatives.
- Gross Profit Margin: Maintained at a healthy 29%, demonstrating operational efficiency amidst copper price volatility.
- Total Equity: Saw an impressive 18% increase to LKR 2,318 million (Group) / 19% increase to LKR 2,393 million (Company), reinforcing the company’s financial strength.
- Market Capitalization: Stood at LKR 5,930 million.
- Exports: Over 92% of total sales were generated from a diverse international client base.
- Current Ratio: Improved to 3.0 (Group) / 3.1 (Company), indicating strong liquidity.
- Return on Equity (ROE): 16% (Group) / 18% (Company).
Strategic Expansion and Technological Advancement Define Operations
The “Core Connectivity” theme underscores Cable Solutions PLC’s commitment to being at the heart of networks that drive industries, communities, and innovation. The 2025/26 journey was marked by significant strategic expansion and technological advancement:
- Manufacturing Excellence: The company commissioned a state-of-the-art extrusion line at its Kadawatha facility, enhancing production efficiency, improving energy performance, and reducing lead times. Further capacity expansion was achieved with new moulding and twisting machinery.
- Digital Transformation: Cable Solutions PLC shortlisted Microsoft Dynamics 365 Business Central to replace legacy systems, aiming for integrated operations, finance, and supply chain management. AI-driven dashboards for real-time monitoring and predictive maintenance, along with QR-based traceability in harness production, were introduced.
- Global Presence: The company strengthened its presence in Chennai, India, and serves a diversified portfolio of clients across the USA, UK, Germany, Spain, Italy, Sweden, Switzerland, Russia, India, Australia, New Zealand, Japan, China, and the Maldives.
- Quality and Certifications: Adherence to internationally recognized standards (ISO 9001 & 14001) and TÜV Rheinland certification for solar cables underscore its commitment to quality. Cable Solutions PLC remains the sole TÜV certified manufacturer of solar cables in Sri Lanka.
Sustainability and Social Responsibility at the Core
Cable Solutions PLC deepened its focus on sustainability, embedding eco-conscious practices across its operations. Notable ESG initiatives include:
- Environmental Stewardship: Launched rainwater harvesting and departmental plant growing programmes at its Kadawatha facility. The company also achieved Carbon Neutrality Certification in 2022.
- Community Engagement: Continued its Food Security Programme, providing lunch packets to underprivileged schoolchildren twice a week.
- Social Inclusion: Promoted diversity and inclusivity by employing differently-abled individuals within its workforce.
Leadership Perspectives and Future Outlook
Mr. Suren Madanayake, Chairman of Cable Solutions PLC, emphasized the company’s resilience and commitment to sustainable value creation. “Our partnership with ACL Cables PLC, holding a 51% stake, continues to provide strategic depth and industry expertise, strengthening our position in international markets,” he stated. He also highlighted the Board’s focus on transparent decisions, accountability, and strong risk management frameworks.
Mr. Pawan Tejwani, Managing Director, reiterated the company’s adaptability. “With year-on-year top-line growth of 7%, Cable Solutions PLC enters the new financial year well positioned to deliver sustainable shareholder value. By combining innovation, sustainability, and customer-centric strategies, the Company reinforces its standing as a trusted international supplier of precision cable systems and a key contributor to Sri Lanka’s industrial export economy,” he added. The company aims to further expand its presence in Asia and Europe by 2028.
The company was also recognized with the Presidential Export Merit Award 2024/25 and featured in Industry Outlook Magazine as one of the Top 10 Wire Harness Manufacturers in India (2025), testament to its growing international reputation.
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