Sierra Cables delivers strong 6-month performance

• Achieves 80% topline growth to Rs.7.51bn; EBIT up 97% to Rs.1.66bn and net profit surges 130% to Rs.1.37bn

Executive Director/CEO Harsha Jayatunga

Sierra Cables PLC, a subsidiary of Browns Investments (the strategic investment arm of the LOLC group), announced a robust financial performance for the first half of the 2025/26 financial year, reflecting a period of strengthened business fundamentals, operational discipline and continued expansion across international markets. 
For the six months ended September 30, 2025, the group recorded a revenue of Rs.7.51 billion, a significant increase from Rs.4.17 billion in the corresponding period in the previous year. 
Gross profit rose to Rs.2.06 billion, supported by improved efficiencies and more stable raw material procurement. Profit before interest and tax reached Rs.1.66 billion, while net profit rose to Rs.1.37 billion, almost doubling year-on-year, resulting in basic earnings per share of Rs.2.55, compared to Rs.1.11 in the previous year.
This performance reflects Sierra Cables’ strong growth trajectory. All operational and strategic initiatives are driven by Executive Director/CEO Harsha Jayatunga. Under his guidance, Sierra is transitioning into an export-oriented organisation, with product quality aligned to global benchmarks. 
The company is also proud to be Sri Lanka’s only cable manufacturer supplying UL44-certified cables for homebuilding in the US, underscoring its world-class manufacturing standards.
Jayatunga stated, “Our FY2025/26 first-half results are a strong reflection of the strategic focus and operational discipline we maintained throughout the year. The clear vision and guidance of our Chairman Ishara Nanayakkara continue to steer the organisation in the right direction, enabling us to execute our strategy with confidence and clarity. 
We achieved substantial topline growth while strengthening gross and net profitability, despite an environment marked by fluctuating raw material costs. The affirmation of our A+ rating validates the strength of our financial position, while our expansion across global markets continues to unlock new opportunities. 
As we look ahead, we remain committed to deepening our global presence, enhancing manufacturing excellence and driving sustainable, long-term value creation for all stakeholders. The foundation laid in these six months gives us a strong platform for the next phase of our growth journey.”