Aitken Spence begins Q1 FY2025/26 on a strong note, reporting an EBITDA of Rs. 4.1 Bn

Aitken Spence PLC, a leading conglomerate with a diverse regional presence, recorded a strong EBITDA of Rs. 4.1 billion for the first quarter ended 30 June 2025. EBITDA reflects the Group’s earnings prior to interest expenses, taxation, depreciation, amortisation, and foreign exchange gains or losses, but incorporates the share of profits from equity-accounted investees. This reflects a 7% year-on-year increase, underscoring the Group’s strong operational performance despite challenging external conditions.

- 

The Group’s Maritime & Freight Logistics sector led a strong performance, recording a PBT of Rs. 1.05 billion. While the Group’s freight companies were impacted by reduced volumes and margins, the sector’s integrated logistics operations witnessed strong momentum, supported by increased utilisation of the newly commissioned warehouse facility.

The Group’s maritime companies also posted steady improvements, contributing to the sector’s overall resilience and growth.

The Group’s Tourism sector demonstrated continued progress, narrowing losses to Rs. 0.22 billion. This growth was supported by stronger performance in the Group’s destination management segment, driven by increased passenger volumes, improved performance in local hotels, and steady gains from increased occupancy across overseas hotel operations in the Maldives, India, and Oman, together with restructuring of the hotel segment debt.