JAT Holdings PLC, a leading Sri Lankan conglomerate in manufacturing and coatings, announced its FY 2025 financial results ending March 31, 2025, showcasing resilience with a 74% year-on-year increase in net profit to Rs. 1.782 billion, achieving the highest-ever annual Profit After Tax (PAT) and Profit Before Tax (PBT). Despite a marginal revenue rise to Rs. 11.6 billion, impacted by a 26% export revenue drop in Bangladesh due to political instability and currency depreciation, the company offset losses with a 14% growth in local revenue and 12% from other markets.
Key segments thrived, with emulsions up 37%, brushes and rollers by 42%, and projects soaring 171% following eased import restrictions. Gross profit margins improved from 29% to 34%, driven by backward integration via Acrylic Binder and Alkyd Resin plants, while operating profit grew 37% to Rs. 1.862 million, with margins rising from 12% to 16%. Bangladesh revenue in the second half surged 35% in BDT compared to the first half.
Strategic launches included J Chem One Coat, Kolorz by JAT Emulsion, Hydro+, and CoatEx in Bangladesh, alongside the JAT Lifestyle Studio for premium furniture. International expansion featured SEAFORM showrooms in Perth and a Tech Centre in Cambodia, with the first wood coating shipment to Australia.
CEO Nishal Ferdinando highlighted, “Our focus on innovation and efficiency reflects our team’s agility.” Founder Aelian Gunawardene added, “Our adaptability ensures long-term stakeholder value.” JAT’s Pintharu Abhiman program trained over 700 painters, while accolades like CMA Excellence in Integrated Reporting Awards 2024 and SLIM Brand Excellence Awards 2024 reinforced its leadership.
Published by Business Ceylon