Colombo, Sri Lanka – 31 August 2026 – CHRISSWORLD PLC (CSE: CWL.N0000), a leading integrated logistics solutions provider, today announced the release of its Annual Report for the financial year ended 31st March 2026. The report highlights a period of significant achievement, with the company demonstrating remarkable resilience and strategic growth amidst a dynamic economic landscape, pushing its annual revenue close to the formidable Rs. 1 billion milestone.
The comprehensive document provides stakeholders with an in-depth review of the company’s financial performance, operational achievements, strategic initiatives, and commitment to sustainable practices and robust corporate governance.
Financial Performance Overview
CHRISSWORLD PLC delivered a commendable financial performance for the year ended 31st March 2026. Key financial highlights include:
- Revenue: Grew by 1.02% to Rs. 996,471,807 from Rs. 986,420,454 in the previous year, inching closer to the Rs. 1 billion mark.
- Gross Profit: Increased by a robust 11.56% to Rs. 160,062,159, reflecting enhanced operational efficiencies.
- Profit Before Tax: Saw a significant surge of 31.22% to Rs. 39,407,725, up from Rs. 30,032,234 in FY2024/25.
- Profit for the Year: Rose by 15.20% to Rs. 26,918,583.
- Total Comprehensive Income: Posted an impressive 21.02% growth, reaching Rs. 27,662,621.
- Total Assets: Expanded by 31.73% to Rs. 555,376,575.
- Earnings Per Share (EPS): Improved to LKR 0.90 from LKR 0.78 in the prior year.
- Net Assets Value Per Share (NAV): Increased by 17.98% to LKR 6.05.
In his message, Chairman Christopher Perera acknowledged the company’s ability to effectively address complex industry demands by combining a versatile service offering with a robust operational foundation and experienced talent. Group CEO Suraj Suraweera underscored the effectiveness of Chrissworld’s long-term strategy and the resilience of its business model, noting that the company’s financial discipline and strong balance sheet position it to capitalize on emerging opportunities.
Operational Excellence and Strategic Expansion
The Annual Report emphasizes Chrissworld’s unwavering commitment to innovation and operational excellence. The company continued to bolster its integrated logistics capabilities through technology-driven initiatives, process optimization, and a customer-first methodology. Key highlights in this area include:
- Digital Transformation: Further optimization of the Transportation Management System (TMS), GPS Tracking platform, and Warehouse Management System (WMS) has significantly improved operational visibility, resource utilization, and customer experience.
- Service Diversification: Freight forwarding was the largest revenue contributor at 35.3%, followed by warehouse management (28.9%) and Value Added Services (VAS) operations (26.7%), demonstrating a well-diversified service portfolio. The company expanded its value-added service operations with a new 30,000 sq.ft. facility in Sapugaskanda.
- Human Capital: Despite challenging economic conditions and the impact of Cyclone Ditwah in November 2025, Chrissworld maintained a 96% employee retention ratio and avoided layoffs, showcasing its strong employee-centric initiatives and leadership.
- Quality Assurance: The company proudly achieved ISO 9001:2015 Quality Management System (QMS) certification on 05th March 2025, reinforcing its commitment to quality, efficiency, and customer satisfaction.
Navigating Market Dynamics and Sustainability
The report also provides an insightful review of the global and local logistics markets. Chrissworld PLC successfully navigated a precarious global economy marked by trade tensions, policy uncertainty, and maritime disruptions. Domestically, while the Sri Lankan economy showed signs of recovery with 5.0% real GDP growth in 2025, challenges such as high port charges, currency depreciation, and increasing import costs persisted.
Chrissworld’s sustainability strategy is deeply integrated into its core operations, focusing on environmental, social, and governance (ESG) principles. Initiatives include converting diesel forklift fleets to battery-operated trucks, utilizing solar-generated lighting systems, and aiming for paperless operations through WMS and TMS implementation. These efforts reflect a conscious commitment to reducing the environmental footprint and promoting responsible business practices.
Corporate Governance
CHRISSWORLD PLC reinforced its commitment to the highest standards of corporate governance, aligning its practices with the Code of Best Practice on Corporate Governance issued jointly by CA Sri Lanka and the Securities and Exchange Commission of Sri Lanka (SEC), as well as CSE Listing Rules. The company’s governance structure, including the Board of Directors and established committees (Audit, Related Party Transactions Review, and Remuneration), ensures transparency, accountability, and ethical conduct.
Future Outlook
Looking ahead, Chrissworld PLC remains poised for continued sustainable growth. The company plans further investments in innovation, refinement of operational frameworks, and expansion of its integrated logistics offerings. Strategic diversifications into the 3PL sector and human development initiatives are expected to reinforce its benchmark position as a trusted and progressive logistics provider in Sri Lanka.
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