IntelScoops

Colombo, July 31, 2025 —

John Keells Holdings PLC (JKH), Sri Lanka’s largest listed conglomerate, posted a net loss of Rs. 803.7 million for the quarter ending June 30, 2025, marking a challenging start to the 2025/26 financial year. Despite solid revenue performance, the group’s profitability was impacted by higher finance costs, currency losses, and tax adjustments.

JKH’s consolidated revenue rose to Rs. 63.74 billion, a 14% increase compared to the same quarter last year, driven by steady contributions from the group’s transportation, consumer foods, and leisure sectors. However, operating gains were offset by a sharp rise in interest expenses and foreign exchange volatility, resulting in a reversal from the Rs. 3.12 billion profit recorded during the same period in 2024.

In a statement, the company noted that while core businesses showed resilience, the quarter’s financial results reflected broader economic pressures, including tight monetary conditions and ongoing global uncertainty.

The leisure sector showed continued recovery with improved tourist arrivals and hotel occupancy rates, while the consumer and retail arms maintained healthy volume growth. Transportation and logistics also contributed positively, supported by increased throughput and activity at the South Asia Gateway Terminals (SAGT).

JKH Chairman Krishan Balendra stated that the group remains focused on long-term investments and growth initiatives across logistics, renewable energy, and digital platforms, despite short-term financial headwinds.

While some analysts described the quarter as a temporary setback in an otherwise stable outlook, others flagged the importance of managing costs and interest exposure more tightly in the coming months.

JKH’s share performance remained steady on the Colombo Stock Exchange following the announcement, reflecting cautious investor sentiment.