Colombo, Sri Lanka – 01 September 2026 – Ambeon Holdings PLC (CSE: GREG) today announced the release of its Annual Report for the financial year ended 31st March 2026, showcasing a period of robust financial performance and significant strategic transformation. The report, themed “The Power of Realisation,” underscores the Group’s success in converting ambitious strategies into tangible outcomes across its refocused portfolio of Information Technology, Real Estate, Diversified Investments, and Group Treasury operations.
The diversified conglomerate delivered impressive growth, with consolidated revenue increasing by 10% to LKR 18.13 billion. More notably, Profit After Tax (PAT) surged by nearly 64% to LKR 3.32 billion, reflecting enhanced operational focus and disciplined capital allocation. Shareholders also saw substantial returns, with Ambeon Holdings declaring a cash dividend of approximately LKR 3.5 billion during the period under review.
Strategic Portfolio Reshaping Drives Future Growth
A defining characteristic of FY2025/26 was the successful completion of Ambeon Holdings’ portfolio rationalisation programme. This included the divestment of its remaining interest in Dankotuwa Porcelain PLC, marking the Group’s strategic exit from the manufacturing sector. Concurrently, the Financial Services cluster, encompassing entities like Taprobane Capital Plus, was repositioned under Ambeon Capital PLC.
This deliberate restructuring has resulted in a leaner, more agile investment platform, sharply focused on sectors identified for their strong long-term growth potential and recurring earnings characteristics. “The repositioning reflects a broader philosophy that continues to guide our investment approach. We believe successful capital allocation requires the discipline to continuously evaluate investments, the courage to make difficult decisions when necessary and the foresight to position the organisation for future opportunities rather than past successes,” stated Mr. Sujeewa Mudalige, Chairman of Ambeon Holdings PLC.
Leading Performance Across Key Business Verticals
Information Technology Spearheads Revenue
MillenniumIT ESP (Millennium I.T.E.S.P. (Private) Limited) remained the Group’s largest revenue contributor, accounting for over 80% of consolidated revenue. The IT cluster recorded LKR 16.99 billion in revenue, a 9% increase over the prior year. This growth was driven by expanding regional operations across Singapore, Bangladesh, Dubai, and the inauguration of MIT Australia. MillenniumIT ESP’s strategic shift from revenue-led growth to profit optimisation and margin discipline resulted in a healthy 12% gross margin, with approximately 30% of revenue generated from recurring managed services and maintenance contracts. The company is actively investing in AI-enabled capabilities and cybersecurity solutions, addressing critical enterprise needs in a dynamic technology landscape.
Real Estate Unlocks Latent Value
Colombo City Holdings PLC (CCH) continued to be the largest contributor to the Group’s overall asset base and long-term growth strategy. The Real Estate sector strengthened its profitability, benefiting from fair value appreciation and improving sentiment in premium real estate segments. CCH is transitioning from an investment-holding entity to a diversified development platform, focusing on five strategic verticals: Real Estate, Mixed Development/Leisure, Plantations, Warehousing, and Diversified Investments. The flagship eight-acre beachfront development at Kosgoda represents a significant long-term opportunity, conceptualised as a destination-led, internationally aligned offering that integrates hospitality, lifestyle, and environmental responsibility.
Diversified Investments and Group Treasury Bolster Resilience
The Group’s diversified investment portfolio, managed by its centralised Treasury Division, delivered strong returns. Strategic holdings in DFCC Bank PLC and Seylan Bank PLC, alongside an exposure to The Kandy Hotels Company PLC, reflected Ambeon’s confidence in Sri Lanka’s banking, tourism, and hospitality sectors. These investments contributed meaningfully to profitability through capital appreciation and dividend income, reinforcing the Group’s objective of long-term value creation and robust liquidity management.
Navigating a Complex Macroeconomic Environment
Ambeon Holdings PLC’s strong performance was achieved despite a challenging operating environment. While Sri Lanka’s economy showed signs of stabilisation with easing inflationary pressures and recovering investor confidence, global uncertainties persisted. Escalating geopolitical tensions in the Middle East led to sharp energy price volatility, and the disruption caused by Cyclone Ditwah in November 2025 created temporary operational challenges. However, the Group’s disciplined capital allocation, strong liquidity position, and diversified investment approach enabled it to maintain operational stability and preserve long-term growth momentum.
Commitment to Governance and Sustainability
The Annual Report highlights Ambeon Holdings’ unwavering commitment to strong corporate governance, risk management, and sustainability. The Group has strengthened its governance frameworks, ensuring effective oversight across its diversified portfolio. Notably, the report includes initial disclosures aligned with Sri Lanka Financial Reporting Standards (SLFRS) S1 and S2 for Sustainability-related Financial Disclosures, reflecting the Group’s integration of environmental, social, and governance (ESG) considerations into its strategy and operations.
As Ambeon Holdings PLC looks to FY2026/27, the Group remains confident in its strategic direction, with Information Technology and Real Estate identified as primary growth drivers. The focus will continue to be on strengthening core businesses, accelerating investments in emerging technologies like Artificial Intelligence, pursuing disciplined growth opportunities, and enhancing operational performance to create sustainable value for all stakeholders.
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