Sunshine Holdings delivers robust performance in 1H FY26

DIVERSIFIED Sri Lankan conglomerate Sunshine Holdings PLC has continued to build on its strong start to the year, delivering an impressive performance across all sectors during the first half of FY26.

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The Group recorded a consolidated revenue of Rs. 32.3 billion in 1H FY26, up 7.4% year-over-year (YoY), primarily driven by continued expansion in the Healthcare sector, supported by strong performances in the Consumer and Agribusiness sectors.

The Group’s Healthcare sector emerged as the largest contributor to Sunshine’s topline, accounting for 53.7% of total revenue, with Consumer at 30.2% and Agribusiness with 16.1% of the total revenue. Gross profit for the period in review increased by 12.9% YoY to Rs. 10.3 billion, with the gross profit margin expanding by 153 basis points (bps) to 31.9%. This growth was primarily driven by margin expansion in the Agribusiness segment.

Group Earnings Before Interest and Taxes (EBIT) rose 18.6% YoY to Rs. 5.5 billion, reflecting improved operating performance, particularly within the Agribusiness and Consumer sectors, despite a 16.7% contraction in Healthcare sector EBIT. The EBIT margin expanded to 17.0% in 1H FY26, compared to 15.4% in the same period last year, supported by stronger performances in the Agribusiness and Consumer sectors, which helped offset the contraction in Healthcare.