Diversified conglomerate Aitken Spence PLC posted a 30% increase in Group Profit Before Tax (PBT) to Rs. 5.6 billion for the nine months ended 31 December 2025, supported by a strong rebound in tourism and improved operational performance across key segments.
Revenue for the period rose to Rs. 67 billion, with the December quarter delivering a 3.8% uptick, signalling steady momentum. Profit After Tax (PAT) climbed 42% to Rs. 3.4 billion.
Tourism remained the dominant revenue driver, contributing 68% of Group turnover and reporting PBT of Rs. 2 billion. Earnings were underpinned by the sustained recovery of Sri Lanka’s tourism industry, stronger profitability at the Group’s Maldivian resorts, and improved hotel performance in India and Oman.
The Maritime and Freight Logistics sector, which accounted for 18% of revenue, was the largest contributor to Group PBT at Rs. 3.3 billion. However, performance was tempered by lower volumes and margin pressures in overseas freight and airline operations, alongside reduced earnings from its equity-accounted investee.
Strategic Investments contributed 12% of revenue but recorded a PBT loss of Rs. 652 million, as significant losses in Apparel Manufacturing outweighed strong results in Printing and Plantations and steady contributions from Waste-to-Energy and renewable power operations.
The Services sector delivered one of the sharpest improvements, with PBT surging to Rs. 843 million from Rs. 114 million a year earlier, driven by the expansion of its Port City BPO operations and improved performance in the elevators segment.
During the period, the Group became the first diversified holding company in Sri Lanka to secure validation of its climate targets from the Science Based Targets Initiative (SBTi). It also partnered with the Sri Lanka Air Force on the ‘Clean Today – Green Tomorrow’ environmental initiative aligned with global sustainability goals.
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