John Keells Holdings PLC (JKH), with interests in ports, leisure, retail and financial services reported a Group revenue of Rs. 81.25 billion for the third quarter in the financial year ending 2025 (3Q25)
The Group’s performance was supported by improved performances across key sectors and a stabilising macroeconomic environment.
The revenue recorded by the diversifies conglomerate is an increase of 12 percent against the comparative period of last year, whereas the cumulative Group revenue for the first nine months of the year under review reached Rs. 227.87 billion.
This is a 14 percent increase against the revenue of Rs. 200.15 billion recorded in the corresponding period of the financial year 2023/24.
Group EBITDA at Rs.14.28 billion in the 3Q25 period was an increase of 4 percent against Group EBITDA of Rs.13.74 billion recorded in the corresponding period of the previous financial year.
Group EBITDA includes substantial costs pertaining to the pre-opening and operations of the ‘Cinnamon Life’ hotel. Group EBITDA for the quarter under review includes fair value gains on investment property while Group EBITDA in the third quarter of the previous year includes a deferred tax credit at South Asia Gateway Terminals (SAGT), JKH Chairperson Krishan Balendra said in a commentary that followed the release of its interim financial statement.
Excluding these impacts, Group EBITDA for the third quarter of 2024/25 recorded an increase of 10 percent to Rs. 14.89 billion.
Cumulative Group EBITDA for the first nine months of the financial year 2024/25 recorded Rs. 29.94 billion. This is a decrease of 4 percent against the EBITDA of Rs. 31.03 billion recorded in the corresponding period of the financial year 2023/24. Cumulative Group EBITDA for the first nine months of the financial year 2024/25, excluding the impacts, is at Rs. 32.51 billion, an increase of 6% over the EBITDA of Rs. 30.54 billion for the corresponding period of the financial year 2023/24. The Group recorded a profit before tax (PBT) of Rs.6.06 billion in the quarter under review, which is an increase of 11 percent against the Group PBT of Rs.5.49 billion recorded in corresponding period the previous year. Cumulative Group PBT for the first nine months of the financial year 2024/25 stood at Rs.8.13 billion a 21 percent YoY increase.
