Lanka Realty Investments executes strategic pivot as financials rebound

Lanka Realty Investments PLC (LRI) has signalled a definitive shift in corporate strategy, moving away from capital-intensive greenfield developments to focus on asset management and joint ventures.

- By NISHEL FERNANDO

This multi-pronged approach, combined with a balance sheet restructuring and aggressive modernization of core commercial assets, has enabled the group to navigate a complex macroeconomic environment and return to a stronger operational footing.

This strategy has already yielded tangible financial results The group posted a profit after tax of Rs. 147.2 million for the financial year ended March 31, 2025, a significant recovery from the Rs. 17.8 million recorded in the previous year. Group revenue for the period rose 7.2 percent to Rs. 1.2 billion, supported by improved valuations and rental yields across its investment property portfolio.

Executive Directors Archie Warman and Hisham Jamaldeen announced that the company is prioritizing “income-producing assets” over outright land development to mitigate risk.