LMD 100 recognises Hayleys as Sri Lanka’s leading listed corporate for 2024/25

Hayleys Chairman and Chief Executive Mohan Pandithage

Hayleys Co-Chairman and Non-Executive Director Dhammika Perera

Hayleys PLC has been ranked as Sri Lanka’s leading listed corporate in the 32nd edition of the LMD 100, securing the no. 1 position for the 10th time since the ranking’s inception in 1995. This recognition underscores the Group’s longstanding role as a centrepiece of the Sri Lankan economy and a benchmark of resilience, innovation, and sustainable value creation. 

For the financial year 2024/25, Hayleys achieved a record-breaking consolidated revenue of Rs. 492.2 billion, reflecting a 13% year-on-year (YoY) increase and marking the highest in the Group’s 148-year history. Profit Before Tax (PBT) rose to Rs. 35.4 billion, a growth of 40%, while Profit After Tax (PAT) reached Rs. 22.5 billion, representing a 52% increase compared with the previous year.

An export income of $ 685 million contributed 53% of the Group’s total revenue, while reaffirming Hayleys’ role as a key driver of foreign exchange earnings. 

The Group continues to be one of Sri Lanka’s largest private sector employers, with a workforce of 38,000, while supporting over 27,000 indirect livelihoods across its value chains. In 2024/25, Hayleys contributed Rs. 152 billion in cumulative economic value through payments to the Government, employees, lenders, and nearly 13,000 shareholders. 

Hayleys has a diversified presence across 16 industry verticals and operations in over 20 countries. Its export leadership includes serving close to 5% of global demand for household and industrial, supported and unsupported rubber gloves, and a commanding 16% global market share in coconut shell-based activated carbon. The Group is also Sri Lanka’s largest manufacturer and exporter of fabric, aluminium extrusion profiles, processed fruits and vegetables, hybrid flower seeds, and tissue culture plants.

Hayleys PLC Chairman and Chief Executive Mohan Pandithage said: “Securing the no. 1 position in the LMD 100 for the 10th time reflects not only our financial strength, but also the dedication of our teams across Sri Lanka and in over 20 countries of operation. This recognition belongs to our 38,000+ employees and the many thousands of small-scale partners who power our value chains. Their unwavering efforts are the foundation for our continued progress in innovation, diversification, digital transformation, and Environmental, Social and Governance (ESG) integration.”

“At Hayleys, our mission has always been clear – to earn for the country, empower communities, and create enduring value for stakeholders. With Sri Lanka’s macroeconomic conditions showing signs of stabilisation, we remain confident in the opportunities ahead and will continue to invest in progress that strengthens both the nation and our Group,” he added. 

As one of Sri Lanka’s most socio-economically impactful organisations, Hayleys has long championed inclusive business models that connect rural smallholder communities to global markets. From training and fair buyback agreements for agri farmers, to the ‘First Light’ program for rubber smallholders and the ‘Harith Angara’ initiative empowering coconut-based charcoal suppliers, the Group embeds fairness, sustainability, and security into its value chains. These partnerships, recognised internationally for their social impact, ensure that economic growth is not only export-driven but inclusive, strengthening livelihoods across Sri Lanka.

The Group also retained its national long-term rating of ‘AAA (lka)’ from Fitch Ratings in March 2025, reflecting disciplined governance and strong balance sheet management. Reinforcing its sustainability commitments, 74% of the Group’s energy consumption is now derived from renewable sources, driving a 14% reduction in greenhouse gas emission intensity (Scope 1 and 2) over the past year.