Companies

Prime Lands Residencies PLC Reports Robust Growth in Revenue and Profit, Reinforcing Market Leadership

Prime Lands Residencies PLC (CSE: PLR.N, Sri Lanka’s only listed, fully Sri Lankan–owned real estate company, announced its interim financial results for the quarter ended 30th September 2025, showcasing a strong upward trajectory in both revenue and profitability , a testament to the company’s resilience, trust, and operational excellence.

Record Growth Highlights

• Revenue: LKR 2.84 billion, up 24% compared to LKR 2.28 billion in Q2 FY2024/25.

• Gross Profit: LKR 922.7 million, reflecting a 52% year-on-year increase.

• Operating Profit: LKR 657.7 million, up 63% from the corresponding period last year.

• Profit Before Tax: LKR 744.4 million, marking a 74% increase year-on-year.

• Earnings Per Share: LKR 0.58, up 72% from LKR 0.34.

For the first six months of FY2025/26, the company reported total revenue of LKR 5.15 billion and profit after tax of LKR 940.7 million, underscoring steady performance amidst evolving market conditions.

Strengthened Balance Sheet and Investor Confidence

Prime Lands Residencies’ total shareholders’ equity strengthened to LKR 10.3 billion as of 30th September 2025, with retained earnings increasing to LKR 6.87 billion. The company’s public shareholding stands at 24.71%, representing over 7,200 public shareholders and a market capitalization of LKR 31.9 billion as at 30^th September 2025. The company’s share price recorded a strong rebound during the quarter, closing at LKR 34.20, more than double the previous quarter’s closing of LKR 15.70 — reflecting renewed investor confidence and the market’s recognition of Prime’s strategic progress.

Strategic Focus and Vision

Commenting on the results, Prime Group Chairperson and Executive Director of PLR, Ms. Sandamini Perera, stated:

“This quarter’s results are a clear validation of our long-term strategy — focusing on timely delivery, transparency, and creating real value for our customers and shareholders. Prime’s strong fundamentals and local expertise continue to position us as the most trusted name in Sri Lankan real estate.”

Prime Group Chairman and Executive Director - Mr. Premalal Brahmanage added:

“As we mark over 30 years in the industry, we remain committed to responsible growth — driving urban transformation through high-quality developments that appreciate in value, while upholding our promise to deliver more than we promise.”

About Prime Lands Residencies PLC

Prime Lands Residencies PLC is Sri Lanka’s leading listed condominium real estate arm of Prime Group, with over 47+ Project Portfolio island-wide. Listed on the Colombo Stock Exchange since 2021, the company continues to set industry benchmarks in transparency, design excellence, and long-term value creation for investors and homeowners alike.

Prime Lands Residencies PLC.