Aitken Spence reports healthy financial results

Achieves EBITDA of Rs. 25.4 b in FY25 reflecting resilient growth

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AITKEN Spence PLC, a leading conglomerate with a diverse regional presence, has recorded a strong EBITDA of Rs. 25.4 billion, reflecting resilient growth for the 12 months ended 31 March 2025 (FY25).

The EBITDA represents the earnings of the Group before interest cost, tax, depreciation, and amortisation and includes the share of profits from equity-accounted investees.

The Group also recorded an impressive operational performance for FY25, with profit from operations, including the share of equity-accounted investees, reaching Rs. 16.4 billion, reflecting a 12.5% year-on-year (YoY) growth.

The Group delivered a robust performance across its diverse business segments, with the Tourism sector emerging as the key contributor, accounting for 54.9% of the Group's total contribution.

The Group's Tourism sector demonstrated a notable improvement recording a Profit Before Tax (PBT) of Rs. 6 billion for the year ended 31 March 2025. The destination management segment retained its market leadership, accounting for 18% of total tourist arrivals to Sri Lanka.

Growth was primarily driven by increased arrivals from traditional source markets, which in turn supported the moderate expansion of non-traditional markets. Meanwhile, the Hotels segment reported higher occupancy levels across both local and international properties, reflecting a strong recovery of the hospitality sector to near pre-pandemic levels across the region.