Palm Garden Hotels Income Statement

Financials in millions LKR. Fiscal year is April - March.

Millions LKR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Revenue	9,951	9,037	6,965	2,259	1,092	751.34
Revenue Growth (YoY)	18.68%	29.74%	208.39%	106.85%	45.33%	-32.20%
Cost of Revenue	3,162	2,844	1,987	749.16	279.95	194.97
Gross Profit	6,789	6,193	4,979	1,509	811.97	556.37
Selling, General & Admin	5,169	4,975	4,144	1,654	1,228	888.51
Other Operating Expenses	-1,034	-783.26	-508.17	-22.65	-10.33	-6.26
Operating Expenses	6,066	5,994	5,212	2,911	2,044	1,340
Operating Income	723.43	198.74	-233	-1,401	-1,232	-783.2
Interest Expense	-6,581	-6,440	-9,060	-7,811	-2,680	-1,718
Interest & Investment Income	1,331	1,331	521.73	353.24	103.09	100.93
Currency Exchange Gain (Loss)	-4.69	-4.69	-14.15	12.18	101.85	-15.43
Other Non Operating Income (Expenses)	-0	-0	-	-	-	-
EBT Excluding Unusual Items	-4,531	-4,914	-8,785	-8,846	-3,707	-2,416
Gain (Loss) on Sale of Assets	0.03	0.03	13.36	-	0.01	-0.61
Asset Writedown	5	5	10	13	6	2.5
Other Unusual Items	-	-	-	-	-	204.51
Pretax Income	-4,526	-4,909	-8,762	-8,833	-3,701	-2,209
Income Tax Expense	-418.31	-511.61	362.47	-795.77	-156.15	-36.17
Earnings From Continuing Operations	-4,107	-4,397	-9,124	-8,037	-3,545	-2,173
Minority Interest in Earnings	637.32	943.92	2,223	2,991	1,704	1,059
Net Income	-3,470	-3,454	-6,901	-5,046	-1,841	-1,114
Net Income to Common	-3,470	-3,454	-6,901	-5,046	-1,841	-1,114
Shares Outstanding (Basic)	476	476	223	47	43	43
Shares Outstanding (Diluted)	476	476	223	47	43	43
Shares Change (YoY)	8.38%	113.63%	374.24%	8.57%	-	-
EPS (Basic)	-7.29	-7.26	-30.98	-107.42	-42.55	-25.74
EPS (Diluted)	-7.29	-7.26	-30.98	-107.42	-42.55	-25.74
Free Cash Flow	21.62	-1,640	-16,038	-3,671	-1,775	-3,905
Free Cash Flow Per Share	0.04	-3.44	-71.99	-78.15	-41.03	-90.26
Gross Margin	68.22%	68.53%	71.48%	66.83%	74.36%	74.05%
Operating Margin	7.27%	2.20%	-3.35%	-62.03%	-112.87%	-104.24%
Profit Margin	-34.87%	-38.21%	-99.08%	-223.42%	-168.62%	-148.24%
Free Cash Flow Margin	0.22%	-18.14%	-230.25%	-162.55%	-162.59%	-519.77%
EBITDA	2,462	1,809	1,127	-335.67	-523.31	-380.38
EBITDA Margin	24.73%	20.02%	16.18%	-14.86%	-47.93%	-50.63%
D&A For EBITDA	1,738	1,611	1,360	1,065	709.18	402.82
EBIT	723.43	198.74	-233	-1,401	-1,232	-783.2
EBIT Margin	7.27%	2.20%	-3.35%	-62.03%	-112.87%	-104.24%
Advertising Expenses	-	27.39	3.73	10.82	1.38	3.78

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.