COLOMBO – 01 September 2026 – Colombo City Holdings PLC (CCH), a prominent player on the Colombo Stock Exchange (CSE), today announced the release of its Annual Report for the financial year ended 31st March 2026. The report, titled “The Weightless Anatomy of a Landscape,” highlights a period of significant growth and strategic repositioning, demonstrating the company’s resilience and forward-looking approach amidst evolving economic conditions.
The announcement, categorized under CSE Announcements, offers a comprehensive overview of CCH’s financial health, operational achievements, and future strategic initiatives, particularly emphasizing its shift towards a diversified multi-sector operating platform.
Financial Performance Soars Amidst Economic Recovery
Colombo City Holdings PLC reported a strong financial performance for the 2025/26 fiscal year. Group revenue witnessed a notable increase of 47.84%, climbing to LKR 73.93 million from LKR 50.01 million in the previous year. This growth was underpinned by enhanced operational activity and stronger asset utilization across key segments.
Key financial highlights from the Annual Report include:
- Profit for the Year: Group profit surged to LKR 434.91 million, a substantial increase from LKR 258.63 million in the prior year, reflecting the effectiveness of the Group’s execution strategy and focus on sustainable shareholder value.
- EBITDA: Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) reached LKR 605.01 million, up from LKR 332.53 million in 2024/25, indicating robust operational efficiency.
- Total Assets: The Group’s total assets expanded to LKR 3.61 billion as of 31st March 2026, primarily driven by investment property appreciation and ongoing portfolio expansion.
- Return on Equity (ROE): ROE improved significantly to 13.87% from 9.58%, showcasing enhanced profitability and capital utilization.
- Net Asset Value (NAV) Per Share: NAV per share rose to LKR 123.14 from LKR 106.05, reinforcing long-term shareholder value creation.
Strategic Diversification and Asset Optimisation
In his message to shareholders, Chairman Mr. Savanth Sebastian noted the steadily improving economic backdrop in Sri Lanka, characterized by 5.0% real GDP growth in 2025, contained inflation, and a supportive monetary policy. Despite global uncertainties, CCH focused on unlocking asset value, strengthening foundations, and creating sustainable long-term returns.
Dr. Ranjan Dissabandara, Chief Executive Officer, highlighted the company’s evolution into a “multi-sector operating platform” encompassing Real Estate, Mixed Development/Leisure, Plantations, Warehousing, and Diversified Investments. This diversification strategy aims to reduce concentration risk and create multiple revenue streams across varying economic cycles.
Key Growth Initiatives:
- Kosgoda Mixed Development Project: Positioned as CCH’s most ambitious project, this premium coastal destination integrates luxury apartments, villas, and hospitality-inspired amenities. The development emphasizes environmental integration and long-term recurring value.
- Leisure & Tourism: Strategic land assets in the Sigiriya region are earmarked for experience-driven leisure developments, aligning with Sri Lanka’s growing appeal as a premium travel destination.
- Warehousing & Logistics: This sector is emerging as a crucial area for stable and recurring income, responding to increasing demand for supply chain and distribution support services.
- Plantation Assets: Holdings in teak and coconut plantations continue to enhance the Group’s diversified land portfolio and contribute long-term asset value.
Commitment to Governance and Sustainability
The report underscores CCH’s unwavering commitment to environmental stewardship, ethical conduct, and transparent decision-making. Environmental, Social, and Governance (ESG) considerations are integral to the company’s development philosophy, particularly in coastal and tourism-linked projects. This includes responsible land use, biodiversity awareness, and positive contributions to local economic activity and community engagement.
Positive Outlook
The long-term outlook for Colombo City Holdings PLC remains highly encouraging. The improving macroeconomic conditions, sustained tourism recovery, and increasing demand for differentiated lifestyle developments are expected to fuel future growth. The company plans to advance the Kosgoda development, enhance recurring income generation, expand strategic partnerships, and strengthen execution capability across its diverse portfolio.
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