John Keells Holdings delivers strong growth amid landmark investments in leisure and logistics

The year under review has been a pivotal one for the Group, marked by bold investments coming to fruition with the successful launch of two of the Group's most ambitious and largest investments to date — City of Dreams Sri Lanka and the West Container Terminal (WCT-1) at the Port of Colombo. These landmark developments represent transformative opportunities, poised to serve as catalysts for economic growth, reinforcing Sri Lanka’s position as a logistics and leisure hub in the region.

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The Group's financial performance remained in line with our expectations, driven by the strength of our consumer-focused businesses which gained momentum quarter after quarter. As anticipated, overall Group EBITDA was affected by the substantial pre-opening, ramp-up, and operating expenses at the City of Dreams Sri Lanka integrated resort.

Recurring EBITDA, excluding City of Dreams Sri Lanka, is an increase of 12% to Rs.50.43 billion against the comparative period [2023/24: Rs.44.86 billion], demonstrating the steady growth in the underlying businesses. Group recurring PBT, excluding City of Dreams Sri Lanka, stood at Rs.22.93 billion, a 60% increase against the comparative period [2023/24: Rs.14.36 billion].