Overseas Realty records Rs 9.2 Bn PBT
Summary
Overseas Realty (Ceylon) PLC released the 4th Quarter Unaudited Financial Statements for the Year ending December 31, 2025 delivering strong financial performance recording Group Revenue of Rs. 11,944 million, reflecting a 49% increase over the previous year and Group Profit […]
Overseas Realty (Ceylon) PLC released the 4th Quarter Unaudited Financial Statements for the Year ending December 31, 2025 delivering strong financial performance recording Group Revenue of Rs. 11,944 million, reflecting a 49% increase over the previous year and Group Profit Before Tax of Rs 9,266 million.
This growth was primarily driven by higher apartment sales and increased rental income across investment properties. The depreciation of the LKR resulted in a net exchange loss on foreign currency loans of Rs 511 Mn compared to a gain of Rs. 1,733 Mn in 2024. Net Fair Value Gain recorded from Investment Properties was Rs. 3,223 Mn compared to a gain of Rs. 1,822 Mn in the same period of last year.
Revenue from the World Trade Center, Colombo amounted to Rs. 2,865 million, representing a 6% increase over the previous year, mainly attributable to improved rental rates. Revenue from Residencial Sales at Havelock City reached Rs. 2,824 million, a 57% increase compared to 2024. Mireka Tower and Havelock City Mall recorded revenue of Rs. 2,940 million and Rs. 2,178 million respectively, representing increases of 159% and 40% over 2024. This performance was supported by higher occupancy levels and improved rental rates. Commenting on the results a spokesperson from the Company stated that, “With high occupancy levels across all investment properties, strong recurring revenue streams, and robust asset base, the Company remains financially resilient. We are well positioned to accelerate the exploration of new development opportunities within the real estate sector to foster sustainable growth and deliver long term shareholder value.”
Mireka Seascape, located on the southern coast of Sri Lanka and comprising 168 luxury apartments and villas, was launched to the market in June 2025. The project has achieved strong market acceptance, reflecting its prime location, contemporary design, and lifestyle appeal. Piling work is expected to commence in the first quarter of 2026. The Group Net Asset Value per Share as of December 31, 2025 stood at Rs 52.96 and the Earnings per Share for the 12 months period was Rs 6.94.
Source : Daily News