The results underscore the Group’s disciplined working capital management and reduction in loan exposure, enabling it to remain resilient amid a challenging global market landscape.
For the six-month period ending 30th September 2025, Teejay Lanka PLC reported a Profit After Tax (PAT) of LKR 0.4 billion, representing a 61% year-on-year decline.
The reduction was primarily driven by lower customer demand, pricing pressures and reduced capacity utilization, which impacted export competitiveness.
Meanwhile, Group revenue for the six-month period under review stood at LKR 31.3 billion, reflecting a 4% year-on-year decrease, amid continued softness in global textile demand and competitive pricing across key export markets.
The decline in the Gross Profit by 22% year-on-year to LKR 2.5 billion is primarily a result of lower production volumes and underutilized manufacturing capacity.
Despite these short-term pressures, the Group sustained a solid financial position, supported by disciplined working capital management and a strong liquidity base.
As of 30th September 2025, cash and cash equivalents amounted to LKR 9.4 billion, while the year-on-year net asset base expanded by 3% to LKR 31.4 billion.
Year-on-year Net Asset Value (NAV) per share increased from LKR 42.19 to LKR 43.59, reflecting continued shareholder value preservation.
Commenting on the performance, Chairman of the Teejay Group, Ajit Gunewardene said, “amid global uncertainties, Teejay’s resilience continues to underpin the Group’s position in the industry.
While we recognize that the operating environment will remain challenging from continued volatility in global markets to evolving customer demand and cost pressures, the efforts placed by Teejay Lanka with an approach to long-term capital preservation, growth and a strong operational foundation, we remain committed to delivering sustainable value for our shareholders.”
Pubudu De Silva, CEO of Teejay Group added, “our commitment to operational flexibility, efficient production practices, and strong customer collaborations has allowed us to deliver a balanced performance.
Looking forward, we remain focused on driving innovation and maintaining operational excellence, while strategically managing risks to navigate the challenges ahead with confidence and optimism."
The Group remains attentive to potential shifts in the global trade environment, including the United States Harmonized Tariff Schedule (HTS) developments, which may have implications for both direct and indirect exports from Sri Lanka and India.
Teejay Lanka PLC will continue to adopt a cautious and adaptive approach to sustain long-term value creation and operational stability.
With its international reach, strategic alliances and highly responsive supply chain, Teejay is well-positioned to meet evolving market challenges and accelerate future growth.
About Teejay Group
The Teejay Group owns manufacturing facilities in Sri Lanka and India, along with a state-of-the-art printing facility in Sri Lanka.
An ISO 9001:2015, ISO 14001:2015 and OHSAS 18001:2007 compliant company and the first in the industry to develop green fabric, Teejay Lanka was also the first textile manufacturer in Sri Lanka to receive membership of the US Cotton Trust Protocol.
Teejay is a publicly quoted company with 40 percent public ownership and the backing of Sri Lanka’s largest apparel exporter Brandix Lanka which has a 32 percent stake in the Company.
Pacific Textiles of Hong Kong, whose key shareholder is the Tokyo Stock Exchange listed Toray Industries Inc., owns 27 percent of Teejay Lanka.
Teejay Lanka was ranked the No 1 corporate entity among 100 public listed companies in Sri Lanka for Transparency in Corporate Reporting in the TRAC 2023 assessment carried out by Transparency International Sri Lanka (TISL), the local arm of the international corruption watchdog.
The TISL assessment was carried out on three areas crucial to fighting and preventing corruption: reporting on anti-corruption programmes, transparency in company holdings and the disclosure of key financial information in domestic operations.
Image Caption - Teejay Lanka Chairman Mr. Ajit Gunewardene and CEO Mr. Pubudu De Silva.