Vallibel One reports strong FY25 with Rs. 122.8 b turnover, Rs. 16 b PAT

Monday, 9 June 2025 01:37 - - {{hitsCtrl.values.hits}}

Chairman Dhammika Perera

Co-Chairman S.H. Amarasekera

Managing Director Yogadinusha Bhaskaran

Vallibel One PLC, Sri Lanka’s leading diversified holding company, has announced its consolidated financial results for the financial year ended 31 March 2025, reporting robust performance across all key sectors.

The Group recorded a consolidated revenue of Rs. 122.8 billion, reflecting a marginal year-on-year (YoY) increase from Rs. 122.3 billion, driven by continued expansion across its finance, tile, aluminium, and consumer segments. The Group reported a profit after tax (PAT) of Rs. 16.02 billion and earnings before interest, taxes, depreciation, and amortisation (EBITDA) of Rs. 34.5 billion, with net profit attributable to equity holders rising 19% to Rs. 11.76 billion, compared to Rs. 9.89 billion in the previous year.

In Q4 alone, Vallibel One posted a PAT of Rs. 5.92 billion, a 30% increase compared to Rs. 4.55 billion in Q4 FY2023/24. Profit before tax (PBT) stood at Rs. 7.94 billion, with gross margins sustained at 44% for the year.

Earnings per share (EPS) rose significantly to Rs. 10.34, compared to Rs. 8.69 a year ago, reflecting strong shareholder returns.

Net asset value per share improved to Rs. 95.74 from Rs. 80.88, with total equity rising to Rs. 158.3 billion, up from Rs. 139.2 billion in FY2023/24. Total assets increased to Rs. 406.8 billion, compared to Rs. 346.6 billion in the previous year, driven by strategic investments and asset revaluations.

The finance sector, led by LB Finance PLC, recorded a PAT of Rs. 10.86 billion for FY 2024/25, marking a 12% YoY increase compared to FY 2023/24. This performance was driven by a 3% increase in net interest income and an impairment reversal of Rs. 261 million, in contrast to a charge of Rs. 270 million in the previous year. The cost-to-income ratio remained at a commendable 33%, positioning it among the best in the industry. The total asset base expanded by 19% YoY to Rs. 241.9 billion, while the lending portfolio grew significantly by 23%, rising from Rs. 162.5 billion to Rs. 199.3 billion.

The Aluminium sector, driven by Swisstek Aluminium, delivered a remarkable financial turnaround, recording a PAT of Rs 417.9 million compared to a loss of Rs. 335.5 million in the previous year. This was accompanied by a 66% revenue growth and a more than doubled gross profit.

Delmege demonstrated strong revenue growth, increasing from Rs. 11.7 billion in FY 2023/24 to Rs. 15.4 billion in FY 2024/25, while PBT rose by 69% YoY to reach Rs. 1.49 billion. The Group’s total asset base also expanded significantly, rising to Rs. 15.6 billion in FY 2024/25 from Rs. 11.8 billion in FY 2023/24.

The Packaging sector, led by Unidil Group, reported a PAT of Rs. 744 million for FY 2024/25, a 4% increase from the previous year, including the first four months’ operational losses from its new offshore subsidiaries in Kenya.

Sri Lankan operations delivered a strong PAT of Rs. 814 million, up 14%, highlighting continued domestic strength. Despite early losses in Kenya, the Group remains confident in long-term growth in East Africa.

This strong performance across diverse sectors underscores Vallibel One’s resilience, strategic agility, and unwavering focus on long-term value creation, positioning the Group for continued growth both locally and internationally.

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