* The second phase of the acrylic binder plant expansion was completed, increasing capacity by 76%
* Local sales increased by 12%, supported by the EV charger business and decorative paints segment
* Gross profit increased by 21% year-on-year
JAT Holdings PLC recorded its highest-ever annual revenue in FY25/26, with performance reflecting the continued strength of its core coatings business, disciplined manufacturing strategy, and investments in emerging growth platforms despite a challenging external environment.
For the year ended 31 March 2026, Group revenue increased by 9% year-on-year to Rs. 12.6 billion, compared to Rs. 11.6 billion in the previous year. Local revenue grew by 12% to Rs. 9.7 billion, additionally supported by the EV charger business and the decorative paints segment, while foreign operations recorded Rs. 2.9 billion.
Gross profit rose by 21% to Rs. 4.8 billion, with gross profit margin improving from 34% to 38%. Profit before tax increased by 5% to Rs. 1.68 billion, while finance costs reduced by 17% to Rs. 292 million due to effective debt management and lower interest rates. Profit after tax stood at Rs. 1.52 billion. Despite the temporary impact of Cyclone Ditwah in Q3, JAT achieved its highest-ever wood coatings sales, with the segment recording 9% growth and a 5% improvement in GP margin. Notably, 83% of wood coatings sales came from the loyalty base, a 16% increase from the previous year’s sales contribution while the loyalty base itself has grown by 10%.
The Company also completed the second phase of its binder plant expansion, increasing capacity by 76%.The emulsion category recorded 15% sales growth during the year, while brushes continued steady growth, with sales up 12% and GP margins improving by 7%.
JAT’s EV business also strengthened its growth profile during the year, achieving the status of the largest EV charging network in Sri Lanka, with over 2,000 slow chargers sold, more than 80 fast chargers installed, and over 15,000 registered users. A confirmed order of 2,000 chargers from BYD in March is yet to be recognised within the financial year.From December 2025 onwards, revenue from the business was recorded under Volt Industrial Company (Pvt) Ltd, a fully owned subsidiary of JAT Holdings.
Internationally, the acquisition of Mirotone New Zealand marked a key strategic milestone for the Group. In Q4, Mirotone recorded NZD 1.6 million in sales revenue, representing 10% growth over the corresponding quarter, along with a 15% increase in gross profit and 18% increase in PAT.
“FY25/26 demonstrates the value of the strategic choices we have made over the past several years. We have continued to strengthen the core coatings business, improve manufacturing control, manage finance costs more effectively, and invest in platforms that expand JAT’s long-term growth potential,” CEO Nishal Ferdinando said.
Managing Director Aelian Gunawardene added “What we are building is not only a stronger company for today, but a Sri Lankan multinational grounded in technical superiority, customer service and innovation, with the reach and resilience to compete across markets over the long term,”
Source: Daily News