Sierra Cables delivers strong 1H performance

Achieves 80% topline growth to Rs. 7.51 b; EBIT up 97% to Rs. 1.66 b; and Net Profit surges 130% to Rs. 1.37 b

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SIERRA Cables PLC, a subsidiary of Browns Investments (the strategic investment arm of the LOLC Group), yesterday announced a robust financial performance for the first half of the 2025/26 financial year, reflecting a period of strengthened business fundamentals, operational discipline and continued expansion across international markets.

For the six months ended 30 September 2025, the Group recorded a revenue of Rs. 7.51 billion, a significant increase from Rs. 4.17 billion in the corresponding period in the previous year. Gross profit rose to Rs. 2.06 billion, supported by improved efficiencies and more stable raw material procurement. Profit before interest and tax reached Rs. 1.66 billion, while net profit rose to Rs. 1.37 billion, almost doubling year-on-year, resulting in basic earnings per share of Rs. 2.55 compared to Rs. 1.11 in the previous year.

In a statement Sierra Cables said the performance reflects the Company's strong growth trajectory. Sierra is transitioning into an export-oriented organisation with product quality aligned to global benchmarks. The Company is also proud to be Sri Lanka's only cable manufacturer supplying UL44-certified cables for homebuilding in the US, underscoring its world-class manufacturing standards.

Executive Director/CEO Harsha Jayatunga said: