Bairaha Farms declares Rs. 5 interim dividend, proposes 1-for-5 share split

Friday, 24 October 2025 00:26 - - {{hitsCtrl.values.hits}}

Reports impressive earnings; Share price touches new high of Rs. 458.25

Bairaha Farms PLC said its Board of Directors has approved the payment of an interim dividend of Rs. 5 per share for the financial year ending 31 March 2026 valued at Rs. 88 million in total.

The dividend will not be subject to withholding tax and does not require shareholder approval under Article 122(1) of the company’s Articles of Association.

The ex-dividend date has been set for 3 November 2025, the record date for 4 November, and cheques will be dispatched on 21 November to shareholders who have not provided dividend disposal instructions.

Those who have provided accurate instructions will receive direct bank credits within three market days from the record date. The transfer books will remain open.

The company added that the dividend payment is conditional on the auditors’ solvency certification being filed with the Colombo Stock Exchange before dispatch.

Earlier, the Board also resolved to recommend a 1-for-5 share split, increasing its issued ordinary shares from 17.6 million to 88 million while maintaining the stated capital at Rs. 536.3 million. The sub-division is subject to CSE concurrence and shareholder approval at an extraordinary general meeting.

Bairaha shares shot up to a new high at Rs. 458.25 yesterday, up from Rs. 384.75 the previous close. The previous 52-week highest was Rs. 399.

In the first half of FY 26 the Company has reported a 16% increase in revenue to Rs. 7.68 billion and pre-tax profit of Rs. 459.6 million higher by 423% from a year ago.