Seylan Developments Income Statement

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

Millions LKR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	389.88	380.28	397.13	387.11	386.64	342.13
Other Revenue	36.64	36.37	7.67	6.69	4.65	7.85
Total Revenue	426.52	416.65	404.8	393.8	391.29	349.98
Revenue Growth (YoY	8.10%	2.93%	2.79%	0.64%	11.80%	3.77%
Property Expenses	88.53	71.12	59.56	54.83	37.96	32.15
Selling, General & Administrative	23.14	23.14	23.31	21	14.79	11.14
Other Operating Expenses	53	53	50.99	48.7	46.82	39.11
Total Operating Expenses	164.67	147.25	133.86	124.53	99.58	82.4
Operating Income	261.85	269.4	270.94	269.27	291.72	267.58
Interest Expense	-0.08	-0.08	-0.58	-1.58	-0.5	-0.01
Interest & Investment Income	64.23	61.74	66.62	108.33	61.78	30.73
Currency Exchange Gain (Loss)	5.01	5.01	-6.78	-7.29	12.09	0.34
Other Non-Operating Income	-	-	-	-	0.08	6.63
EBT Excluding Unusual Items	331.01	336.07	330.2	368.73	365.18	305.26
Gain (Loss) on Sale of Investments	-	-	-	-	-	6.64
Asset Writedown	67.46	67.46	112.68	76.54	162.4	13.86
Pretax Income	398.47	403.53	442.88	445.27	527.57	325.76
Income Tax Expense	96.42	96.37	92.07	91.46	288.62	-25.05
Net Income	302.06	307.17	350.81	353.81	238.96	350.82
Net Income to Common	302.06	307.17	350.81	353.81	238.96	350.82
Net Income Growth	-13.41%	-12.44%	-0.85%	48.07%	-31.89%	34.82%
Basic Shares Outstanding	140	140	142	142	148	148
Diluted Shares Outstanding	140	140	142	142	148	148
Shares Change (YoY)	0.33%	-1.39%	-	-4.26%	-	-
EPS (Basic)	2.16	2.20	2.48	2.50	1.61	2.37
EPS (Diluted)	2.16	2.20	2.48	2.50	1.61	2.37
EPS Growth	-13.70%	-11.21%	-0.85%	54.66%	-31.89%	34.82%
Dividend Per Share	1.200	1.200	1.100	1.000	1.200	1.400
Dividend Growth	9.09%	9.09%	10.00%	-16.67%	-14.29%	16.67%
Operating Margin	61.39%	64.66%	66.93%	68.38%	74.55%	76.46%
Profit Margin	70.82%	73.72%	86.66%	89.85%	61.07%	100.24%
EBITDA	263.13	270.67	272.16	270.52	292.9	268.66
EBITDA Margin	61.69%	64.96%	67.23%	68.69%	74.86%	76.77%
D&A For Ebitda	1.28	1.27	1.22	1.25	1.19	1.08
EBIT	261.85	269.4	270.94	269.27	291.72	267.58
EBIT Margin	61.39%	64.66%	66.93%	68.38%	74.55%	76.46%
Effective Tax Rate	24.20%	23.88%	20.79%	20.54%	54.71%	-
Revenue as Reported	426.52	416.65	404.8	393.8	391.37	362.05

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