Tangerine Beach 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	Dec '25 Dec 31, 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	1,161	1,058	964.69	569.19	321.33	133.46
Revenue Growth (YoY)	12.36%	9.72%	69.48%	77.13%	140.77%	-77.43%
Cost of Revenue	360.69	350.15	357.35	243.24	113.92	49.82
Gross Profit	800.21	708.28	607.34	325.95	207.41	83.64
Selling, General & Admin	650.56	653.5	623.38	496.19	339.4	296.42
Other Operating Expenses	-40.88	0.44	0.52	0.78	0.45	0.36
Operating Expenses	609.68	653.93	623.91	496.96	339.85	296.78
Operating Income	190.53	54.34	-16.57	-171.02	-132.43	-213.13
Interest Expense	-2.71	-2.77	-1.65	-1.58	-1.72	-0.63
Interest & Investment Income	12.47	9.23	59.12	73.09	27.4	41.63
Earnings From Equity Investments	54.49	4.56	48.04	-30.41	-6.33	-36.61
Currency Exchange Gain (Loss)	-3.01	-3.01	-12.03	10.48	15.41	6.75
Other Non Operating Income (Expenses)	0	0	-	-0	-0	0
EBT Excluding Unusual Items	251.78	62.35	76.9	-119.44	-97.67	-202
Gain (Loss) on Sale of Assets	5.2	5.2	-	-	2.73	2.04
Asset Writedown	0.57	-4.18	-2.94	-	-	-
Pretax Income	257.54	63.37	73.97	-119.44	-94.94	-199.95
Income Tax Expense	9.53	-2.95	-3.45	81.33	5.97	9.5
Net Income	248.02	66.32	77.42	-200.76	-100.91	-209.46
Net Income to Common	248.02	66.32	77.42	-200.76	-100.91	-209.46
Net Income Growth	-	-14.33%	-	-	-	-
Shares Outstanding (Basic)	20	20	20	20	20	20
Shares Outstanding (Diluted)	20	20	20	20	20	20
EPS (Basic)	12.42	3.32	3.87	-10.04	-5.05	-10.47
EPS (Diluted)	12.42	3.32	3.87	-10.04	-5.05	-10.47
EPS Growth	-	-14.33%	-	-	-	-
Free Cash Flow	112.26	85.49	-143.73	-199.72	-99.7	-96.94
Free Cash Flow Per Share	5.62	4.27	-7.19	-9.99	-4.99	-4.85
Gross Margin	68.93%	66.92%	62.96%	57.27%	64.55%	62.67%
Operating Margin	16.41%	5.13%	-1.72%	-30.04%	-41.21%	-159.70%
Profit Margin	21.36%	6.27%	8.03%	-35.27%	-31.40%	-156.94%
Free Cash Flow Margin	9.67%	8.08%	-14.90%	-35.09%	-31.03%	-72.63%
EBITDA	269.32	131.35	57.34	-98.25	-60.75	-137.46
EBITDA Margin	23.20%	12.41%	5.94%	-17.26%	-18.91%	-103.00%
D&A For EBITDA	78.79	77.01	73.91	72.76	71.69	75.67
EBIT	190.53	54.34	-16.57	-171.02	-132.43	-213.13
EBIT Margin	16.41%	5.13%	-1.72%	-30.04%	-41.21%	-159.70%
Effective Tax Rate	3.70%	-	-	-	-	-
Advertising Expenses	-	9.96	11.64	9.68	1.22	3.67

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