- Achieves 80% topline progress to LKR 7.51 bn; EBIT up 97% to LKR 1.66 bn; and Internet Revenue surges 130% to LKR 1.37 bn
Sierra Cables PLC, a subsidiary of Browns Investments (the strategic funding arm of the LOLC Group), introduced a strong monetary efficiency for the primary half of the 2025/26 monetary yr, reflecting a interval of strengthened enterprise fundamentals, operational self-discipline and continued enlargement throughout worldwide markets.
For the six months ended thirtieth September 2025, the Group recorded a income of LKR 7.51 billion, a big enhance from LKR 4.17 billion within the corresponding interval within the earlier yr. Gross revenue rose to LKR 2.06 billion, supported by improved efficiencies and extra steady uncooked materials procurement. Revenue earlier than curiosity and tax reached LKR 1.66 billion, whereas internet revenue rose to LKR 1.37 billion, nearly doubling year-on-year, leading to primary earnings per share of Rs. 2.55 in comparison with Rs. 1.11 within the earlier yr.
This efficiency displays Sierra Cables’ sturdy progress trajectory. All operational and strategic initiatives are pushed by Harsha Jayatunga, Govt Director/CEO of the Firm. Beneath his steering, Sierra is transitioning into an export-oriented organisation with product high quality aligned to world benchmarks. The Firm can also be proud to be Sri Lanka’s solely cable producer supplying UL44-certified cables for homebuilding within the US, underscoring its world-class manufacturing requirements.
Commenting on the corporate’s efficiency, Harsha Jayatunga acknowledged: “Our FY2025/26 first-half outcomes are a powerful reflection of the strategic focus and operational self-discipline we maintained all year long. The clear imaginative and prescient and steering of our Chairman, Ishara Nanayakkara, continues to steer the organisation in the fitting path, enabling us to execute our technique with confidence and readability. We achieved substantial top-line progress whereas strengthening gross and internet profitability, regardless of an surroundings marked by fluctuating uncooked materials prices. The affirmation of our A+ ranking validates the energy of our monetary place, whereas our enlargement throughout world markets continues to unlock new alternatives. As we glance forward, we stay dedicated to deepening our world presence, enhancing manufacturing excellence and driving sustainable, long-term worth creation for all stakeholders. The muse laid in these six months offers us a powerful platform for the subsequent section of our progress journey.”
Throughout this era, the Firm’s monetary self-discipline was acknowledged via the continued affirmation of its A+ (lka) nationwide long-term ranking from Fitch Rankings, carrying a steady outlook. This ranking displays Sierra Cables’ strong market place, constant money stream technology, prudent leverage ranges and sound governance buildings.
Worldwide enlargement remained a central pillar of Sierra Cables’ progress technique. The Firm continued to strengthen its presence throughout Asia, Jap Europe, Oceania, North America and choose African markets. A key milestone in its export journey has been its growing penetration into the US market, reinforcing its place as Sri Lanka’s main exporter of cable containers to the US.
Sierra’s state-of-the-art manufacturing facility continues to be a cornerstone of its aggressive energy. The manufacturing unit’s capability has been enhanced to higher meet rising home and worldwide demand. The power consists of an in-house, high-end testing laboratory able to conducting international-standard exams, making certain constant high quality throughout all product classes. The Firm maintains a powerful give attention to analysis and improvement, enabling steady product innovation and alignment with evolving world necessities, such because the SAP system, which is being applied throughout Group operations.
The organisation’s success is equally pushed by its extremely motivated workforce, supported by structured technical coaching, management improvement and enticing worker advantages that place Sierra Cables as one of the rewarding locations to work within the business. The Firm locations a powerful emphasis on security, steady enchancment and collaboration, making certain that staff stay engaged and aligned with strategic ambitions.
Moreover, Sierra Cables’ strong efficiency was additionally underpinned by main initiatives accomplished in the course of the interval. Current engagements included Cressida Resort Flats & Residencies by Residence Lands Skyline, Oceana Seashore Resort Flats & Villas in Wadduwa and the Applewatta housing scheme in Maligawatta, including to a monitor document of landmark developments equivalent to Cinnamon Life at Metropolis of Goals, Shangri-La Hambantota, ICC by Kotte Residencies, the Dambulla Worldwide Stadium, the Ferentino Tyre Manufacturing unit in Horana and the Colombo Worldwide Airport Resort. These initiatives have contributed considerably to the nation’s nationwide infrastructure by making certain industrial, residential and public services are supported by dependable, fire-safe and technically compliant electrical methods.
Sustainability additionally remained a core operational pillar. Sierra’s manufacturing operations have maintained ISO 9001, ISO 14001 and ISO 45001 certifications, supported by rigorous inside testing and worldwide laboratory validation. The Firm continued to improve tools and processes to enhance vitality effectivity, cut back environmental impression and strengthen round useful resource administration.
Wanting ahead to the rest of FY2025/26, Sierra Cables plans to accentuate its export operations with a sharper give attention to markets in North America, Africa and Jap Europe, the place infrastructure enlargement continues to drive demand for high-quality cables.
The Firm can also be getting ready to introduce new specialised product strains, significantly for renewable vitality, construction-grade fire-resistant cables and high-performance industrial purposes. Manufacturing modernisation will proceed beneath a phased funding plan prioritising automation, precision engineering and energy-efficient applied sciences to strengthen reliability and price competitiveness.
Sierra Cables enters the second half of the monetary yr assured in its strategic path, supported by sturdy management, world-class manufacturing, a extremely expert workforce and rising worldwide demand. The Firm stays firmly dedicated to delivering long-term worth to its shareholders, clients, staff and communities.
