Teejay Group maintains stability amid global headwinds in 1H 2025/26

THE Teejay Group has announced its financial results for the first half of the 2025/26 financial year, recording a steady position. The results underscore the Group's disciplined working capital management and reduction in loan exposure, enabling it to remain resilient amid a challenging global market landscape.

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Chairman Ajit Gunewardene (left) and CEO Pubudu De Silva

For the six-month period ending 30 September 2025, Teejay Lanka PLC reported a Profit After Tax (PAT) of Rs. 0.4 billion, representing a 61% year-on-year decline. The reduction was primarily driven by lower customer demand, pricing pressures and reduced capacity utilization, which impacted export competitiveness. Meanwhile, Group revenue for the six-month period under review stood at Rs. 31.3 billion, reflecting a 4% year-on-year decrease, amid continued softness in global textile demand and competitive pricing across key export markets. The decline in the Gross Profit by 22% year-on-year to Rs. 2.5 billion is primarily a result of lower production volumes and underutilized manufacturing capacity.