Seylan Developments Income Statement

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

Millions LKR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	380.28	397.13	387.11	386.64	342.13
Other Revenue	36.37	7.67	6.69	4.65	7.85
Total Revenue	416.65	404.8	393.8	391.29	349.98
Revenue Growth (YoY	2.93%	2.79%	0.64%	11.80%	3.77%
Property Expenses	71.12	59.56	54.83	37.96	32.15
Selling, General & Administrative	23.14	23.31	21	14.79	11.14
Other Operating Expenses	53	50.99	48.7	46.82	39.11
Total Operating Expenses	147.25	133.86	124.53	99.58	82.4
Operating Income	269.4	270.94	269.27	291.72	267.58
Interest Expense	-0.08	-0.58	-1.58	-0.5	-0.01
Interest & Investment Income	61.74	66.62	108.33	61.78	30.73
Currency Exchange Gain (Loss)	5.01	-6.78	-7.29	12.09	0.34
Other Non-Operating Income	-	-	-	0.08	6.63
EBT Excluding Unusual Items	336.07	330.2	368.73	365.18	305.26
Gain (Loss) on Sale of Investments	-	-	-	-	6.64
Asset Writedown	67.46	112.68	76.54	162.4	13.86
Pretax Income	403.53	442.88	445.27	527.57	325.76
Income Tax Expense	96.37	92.07	91.46	288.62	-25.05
Net Income	307.17	350.81	353.81	238.96	350.82
Net Income to Common	307.17	350.81	353.81	238.96	350.82
Net Income Growth	-12.44%	-0.85%	48.07%	-31.89%	34.82%
Basic Shares Outstanding	140	142	142	148	148
Diluted Shares Outstanding	140	142	142	148	148
Shares Change (YoY)	-1.39%	-	-4.26%	-	-
EPS (Basic)	2.20	2.48	2.50	1.61	2.37
EPS (Diluted)	2.20	2.48	2.50	1.61	2.37
EPS Growth	-11.21%	-0.85%	54.66%	-31.89%	34.82%
Dividend Per Share	1.200	1.100	1.000	1.200	1.400
Dividend Growth	9.09%	10.00%	-16.67%	-14.29%	16.67%
Operating Margin	64.66%	66.93%	68.38%	74.55%	76.46%
Profit Margin	73.72%	86.66%	89.85%	61.07%	100.24%
EBITDA	270.67	272.16	270.52	292.9	268.66
EBITDA Margin	64.96%	67.23%	68.69%	74.86%	76.77%
D&A For Ebitda	1.27	1.22	1.25	1.19	1.08
EBIT	269.4	270.94	269.27	291.72	267.58
EBIT Margin	64.66%	66.93%	68.38%	74.55%	76.46%
Effective Tax Rate	23.88%	20.79%	20.54%	54.71%	-
Revenue as Reported	416.65	404.8	393.8	391.37	362.05

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