Three Acre Farms 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
Revenue	5,793	6,198	11,121	8,317	4,870	2,733
Revenue Growth (YoY)	-28.37%	-44.27%	33.71%	70.78%	78.18%	7.09%
Cost of Revenue	4,737	4,762	8,963	7,440	4,057	2,042
Gross Profit	1,056	1,435	2,158	877.1	812.96	690.83
Selling, General & Admin	66.65	61.47	51.19	46.63	40.85	30.65
Other Operating Expenses	-12.29	-14.8	-12.78	-14.28	-10.02	-3.13
Operating Expenses	54.36	46.67	38.41	32.36	30.83	27.51
Operating Income	1,002	1,389	2,119	844.74	782.13	663.32
Interest Expense	-	-1.97	-0.67	-0.74	-1.24	-1.7
Interest & Investment Income	761.5	831.96	507.06	293.92	161.73	206.06
Currency Exchange Gain (Loss)	-6.77	-6.77	2.03	-5.33	30.05	3.53
EBT Excluding Unusual Items	1,756	2,212	2,628	1,133	972.67	871.21
Gain (Loss) on Sale of Assets	-6.77	-6.77	-0.02	-0.1	-12.53	-0.02
Asset Writedown	114.53	114.53	132.68	-224.67	-115.17	32.23
Pretax Income	1,864	2,320	2,760	907.82	844.97	903.42
Income Tax Expense	486.17	618.44	256.55	248.78	-113.15	139.08
Net Income	1,378	1,701	2,504	659.05	958.12	764.34
Net Income to Common	1,378	1,701	2,504	659.05	958.12	764.34
Net Income Growth	-33.05%	-32.05%	279.91%	-31.21%	25.35%	-1.09%
Shares Outstanding (Basic)	24	24	24	24	24	24
Shares Outstanding (Diluted)	24	24	24	24	24	24
EPS (Basic)	58.53	72.26	106.34	27.99	40.69	32.46
EPS (Diluted)	58.53	72.26	106.34	27.99	40.69	32.46
EPS Growth	-33.05%	-32.05%	279.91%	-31.21%	25.35%	-1.09%
Free Cash Flow	1,453	2,650	4,855	-2,739	1,200	905.04
Free Cash Flow Per Share	61.70	112.54	206.19	-116.34	50.95	38.44
Dividend Per Share	30.000	55.000	28.000	-	10.000	22.000
Dividend Growth	-26.83%	96.43%	-	-	-54.55%	300.00%
Gross Margin	18.23%	23.16%	19.40%	10.55%	16.69%	25.28%
Operating Margin	17.29%	22.41%	19.06%	10.16%	16.06%	24.27%
Profit Margin	23.79%	27.45%	22.51%	7.92%	19.67%	27.97%
Free Cash Flow Margin	25.08%	42.75%	43.65%	-32.93%	24.64%	33.11%
EBITDA	1,981	2,262	2,954	1,718	1,559	1,346
EBITDA Margin	34.20%	36.50%	26.57%	20.66%	32.01%	49.25%
D&A For EBITDA	979.53	873.65	835.11	873.16	776.55	682.77
EBIT	1,002	1,389	2,119	844.74	782.13	663.32
EBIT Margin	17.29%	22.41%	19.06%	10.16%	16.06%	24.27%
Effective Tax Rate	26.08%	26.66%	9.29%	27.40%	-	15.39%

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