Hayleys PLC has become the first Sri Lankan listed company to cross one billion US dollars in first-half revenue, reporting consolidated revenue from continuing operations of Rs 358 billion for the six months ended 30 September 2026 — a 33% increase year on year.
The group said profit before tax from continuing operations rose 49% to Rs 21.31 billion, while profit after tax from continuing operations climbed 60% to Rs 13.63 billion. Consolidated EBITDA increased roughly 46% to Rs 39.13 billion. Hayleys described the half-year revenue milestone as the first in its reporting history on the Colombo Stock Exchange.
The group attributed the result to its export-oriented sectors together with transportation and logistics and consumer and retail. It said the domestic operating environment had remained broadly resilient on continued economic recovery, though rising inflation and cost pressures presented challenges, while geopolitical uncertainty, commodity price volatility and shifting trade dynamics weighed on conditions abroad. Net finance costs rose during the period.
During the half year, S&P Global Ratings assigned Hayleys an international ‘B+’ foreign currency rating with a stable outlook. The group said the rating reflected its diversified business model and foreign currency earnings base, and would support access to international capital markets.
“Our strong first-half performance, including the achievement of a historic revenue milestone, reflects the disciplined execution of our strategic priorities and the continued growth of our businesses across domestic and international markets,” said Chairman and Chief Executive Mohan Pandithage.
Hayleys reported energy intensity down 17% year on year to 2,902.6 GJ per million dollars and water intensity down 13% to 3,228.0 cubic metres per million dollars, against a target of cutting both by 30% by FY2029/30. The group employs more than 38,200 people directly and said its education, livelihood and community programmes reached over 193,330 individuals during the period. It retained first place among listed companies in the LMD 100 for an eleventh year.
The group said it would prioritise operational efficiencies, profitability and extracting greater value from recent investments in the months ahead.
Reading the growth rates
All growth figures above are stated by the company on a continuing-operations basis, which excludes businesses classified as discontinued. That matters when comparing against previously published half-year results, because the prior-year comparative is restated on the same basis rather than being the figure originally reported. The filing does not disclose which operations were discontinued, or what the restated prior-year comparatives were.
Sourcing note
This article rests on a single source. The report reproduces a company results announcement, and no independent analysis by another verified newsroom was located by this desk at the time of writing; interim results of this size are typically picked up by several business desks over the following day.
Not reported: no filing gives the sector-by-sector revenue or profit split, the quarter-two figures separately from the half year, the size of net finance costs, or the dollar revenue figure that underpins the one-billion milestone — the stated rupee figure of Rs 358 billion is the only currency amount given for group revenue.