Seylan Developments Income Statement

Financials in millions LKR. Fiscal year is January - December.

Millions LKR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Rental Revenue	375.26	397.13	387.11	386.64	342.13	326.2
Other Revenue	29.21	7.67	6.69	4.65	7.85	11.07
Total Revenue	404.47	404.8	393.8	391.29	349.98	337.27
Revenue Growth (YoY	1.33%	2.79%	0.64%	11.80%	3.77%	14.01%
Property Expenses	51.07	59.56	54.83	37.96	32.15	37.19
Selling, General & Administrative	23.31	23.31	21	14.79	11.14	12.78
Other Operating Expenses	50.99	50.99	48.7	46.82	39.11	36.6
Total Operating Expenses	125.37	133.86	124.53	99.58	82.4	86.57
Operating Income	279.11	270.94	269.27	291.72	267.58	250.7
Interest Expense	-0.58	-0.58	-1.58	-0.5	-0.01	-0.06
Interest & Investment Income	68.63	66.62	108.33	61.78	30.73	28.66
Currency Exchange Gain (Loss)	-6.78	-6.78	-7.29	12.09	0.34	-0.17
Other Non-Operating Income	-	-	-	0.08	6.63	38
EBT Excluding Unusual Items	340.37	330.2	368.73	365.18	305.26	317.13
Gain (Loss) on Sale of Investments	-	-	-	-	6.64	1.19
Asset Writedown	112.68	112.68	76.54	162.4	13.86	15.5
Pretax Income	453.06	442.88	445.27	527.57	325.76	333.82
Income Tax Expense	90.75	92.07	91.46	288.62	-25.05	73.61
Net Income	362.31	350.81	353.81	238.96	350.82	260.21
Net Income to Common	362.31	350.81	353.81	238.96	350.82	260.21
Net Income Growth	8.54%	-0.85%	48.07%	-31.89%	34.82%	34.82%
Basic Shares Outstanding	140	142	142	148	148	148
Diluted Shares Outstanding	140	142	142	148	148	148
Shares Change (YoY)	2.49%	-	-4.26%	-	-	-
EPS (Basic)	2.59	2.48	2.50	1.61	2.37	1.76
EPS (Diluted)	2.59	2.48	2.50	1.61	2.37	1.76
EPS Growth	5.90%	-0.85%	54.66%	-31.89%	34.82%	34.82%
Dividend Per Share	1.100	1.100	1.000	1.200	1.400	1.200
Dividend Growth	10.00%	10.00%	-16.67%	-14.29%	16.67%	9.09%
Operating Margin	69.01%	66.93%	68.38%	74.55%	76.46%	74.33%
Profit Margin	89.58%	86.66%	89.85%	61.07%	100.24%	77.15%
EBITDA	280.3	272.16	270.52	292.9	268.66	251.73
EBITDA Margin	69.30%	67.23%	68.69%	74.86%	76.77%	74.64%
D&A For Ebitda	1.2	1.22	1.25	1.19	1.08	1.03
EBIT	279.11	270.94	269.27	291.72	267.58	250.7
EBIT Margin	69.01%	66.93%	68.38%	74.55%	76.46%	74.33%
Effective Tax Rate	20.03%	20.79%	20.54%	54.71%	-	22.05%
Revenue as Reported	404.47	404.8	393.8	391.37	362.05	375.27

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.