Vallibel One reports solid FY24/25 performance

Diversified Sri Lankan conglomerate Vallibel One PLC has announced a robust financial performance for the financial year ended March 31, 2025.

The group posted consolidated revenue of Rs. 122.8 billion, reflecting a marginal but steady 0.41 percent year-on-year (YoY) increase from Rs. 122.3 billion. In a stronger show of profitability, the company announced a record profit after tax (PAT) of Rs. 16.02 billion, demonstrating significant resilience and growth across its key business sectors.

The impressive bottom-line performance was highlighted by a 19 percent YoY surge in net profit attributable to equity holders, which climbed to Rs. 11.76 billion from Rs. 9.89 billion in the previous year. This strong profitability translated into a significant increase in shareholder returns, with Earnings Per Share (EPS) rising to Rs. 10.34 from Rs. 8.69.

The company’s financial strength was further reflected in its balance sheet. Total assets saw a substantial increase to Rs. 406.8 billion from Rs. 346.6 billion, while the net asset value per share improved to Rs. 95.74 from Rs. 80.88 a year ago. The group’s performance was particularly strong in the final quarter, which saw a 30 percent YoY increase in PAT to Rs. 5.92 billion.

Exceptional performance throughout the finance, aluminum, consumer goods, and packaging sectors, driven by a varied business approach, significantly contributed to the company’s strong financial outcomes.

The finance sector, spearheaded by LB Finance PLC, continued its powerful trajectory, posting a PAT of Rs. 10.86 billion, a 12 percent increase from the previous year. The sector’s growth was fueled by a significant 23 percent expansion of its lending portfolio to Rs. 199.3 billion and an impairment reversal of Rs. 261 million, a sharp contrast to the previous year’s charge.