Sierra Cables FY2025/26 revenue surpasses Rs.16bn and profit climbs 194%

Harsha Jayatunga

Sierra Cables PLC has delivered a record financial performance for the financial year ended 31 March 2026, posting significant growth in both revenue and profitability while further strengthening its position in international markets and expanding its domestic distribution footprint.

The company reported revenue of Rs. 16 billion, representing a 73 percent increase over the previous financial year, while net profit rose to Rs. 2.7 billion, reflecting a notable 194 percent year-on-year increase. 

Profit from operations also exceeded Rs. 3 billion, recording an increase of more than 119 percent compared to the previous financial year. Earnings per share (EPS) increased to Rs. 4.95, compared to Rs. 1.68 in the previous year, underscoring the company’s strong operational performance and enhanced shareholder value. 

The exceptional performance was driven by robust demand across key market segments, improved manufacturing efficiencies, higher capacity utilisation, growing export contributions, and continued investments in product innovation, product quality enhancement, and operational excellence.

Sierra Cables’ latest results build upon the momentum achieved during the previous financial year 2024/25, when the company recorded revenue of Rs. 9.26 billion and profit after tax of Rs. 903 million, both of which were record highs at the time. 

The FY2025/26 results have substantially surpassed those benchmarks, reflecting the success of the company’s long-term growth strategy and strengthening its position as one of Sri Lanka’s most successful manufacturing enterprises.

Sierra Cables’ record performance reflects a clear strategic direction, strong leadership, and a successful business transformation. 

Following its transition to an associate of Browns Investments in 2022 and a subsidiary in 2025, Sierra Cables has benefited from strengthened governance, strategic investments, and a focused growth strategy. These initiatives have driven a remarkable financial resurgence and positioned the company as one of Sri Lanka’s leading manufacturing success stories. 

Since becoming an associate company in 2022, operating profit has grown by 186 percent from Rs. 1.1 billion to Rs. 3.0 billion as at 31st March 2026, while profit after tax has grown by 464 percent from Rs. 472 million to Rs. 2.7 billion over the same period — a testament to the transformative impact of disciplined execution, enhanced governance, and strategic oversight under the Browns Investments group.

Rising demand for high-performance, fire-safe cable solutions significantly fueled the company’s growth. As safety standards tighten globally, Sierra Cables has expanded its internationally compliant fire-resistant and fire-retardant portfolio, gaining broad acceptance from engineers and developers.

The company reached a major export milestone by expanding into the U.S. market, a feat underpinned by its unique status as the only Sri Lankan cable manufacturer with UL 44 and UL 854 certifications. 

The U.S. expansion forms part of Sierra Cables’ broader strategy to diversify revenue streams, strengthen foreign exchange earnings, and increase its presence in high-value export destinations. 

Export revenue grew by 345 percent year-on-year, rising from Rs. 1.1 billion to Rs. 5.0 billion in FY2025/26, with exports accounting for 31 percent of total Group revenue. This growth reflects Sierra Cables’ expanded presence across international markets and the global acceptance of its internationally certified product portfolio. 

Sierra Cables PLC continues to expand its global reach through operations in Zambia and Fiji, while benefiting from the technical expertise of its associate company, T & G Lanka Pvt Ltd, a specialist in electrical and fibre-optic cable systems, strengthening the Group’s capabilities and market presence.

On the domestic front, Sierra Cables continued to strengthen its market leadership through the expansion of its dealer and distribution network across Sri Lanka. 

Commenting on the company’s performance, Executive Director and CEO Harsha Jayatunga stated that Sierra Cables remains focused on delivering sustainable growth through innovation, quality excellence, operational efficiency, and market expansion. He noted that the company continues to invest in advanced manufacturing capabilities, internationally certified product offerings, and strategic market development initiatives aimed at reinforcing its leadership position in Sri Lanka while accelerating its presence in global markets.