📈 Overseas Realty (Ceylon) PLC Reports Rs. 1.9 Bn PBT in 1Q 2026

Overseas Realty (Ceylon) PLC recorded a resilient performance for the first quarter ending 31 March 2026, driven by strong growth in its commercial and retail segments. • Overall Financials: Group revenue reached Rs. 3,292 Mn with a Profit Before Tax (PBT) of Rs. 1,926 Mn. The Group reported an Earnings Per Share (EPS) of Rs. 1.47 and a Net Asset Value per share of Rs. 54.43. • Commercial & Retail Performance: • World Trade Center (WTC): Revenue rose 11% YoY to Rs. 780 Mn, supported by higher rental rates. • Mireka Tower: Significant growth of 114% YoY, recording Rs. 1,027 Mn due to improved occupancy. • Havelock City Mall: Revenue increased 22% YoY to Rs. 585 Mn. • Residential Sector: • Havelock City: Sales revenue stood at Rs. 556 Mn, lower than 1Q 2025 due to limited unit availability. • Mireka Seascape: The new luxury coastal project launched in 2025 has seen strong market acceptance; piling works commenced in 2Q 2026. • Currency Impact: A net exchange loss of Rs. 68 Mn was recorded on foreign currency loans, a marked improvement from the Rs. 136 Mn loss in the previous year. The Group remains financially resilient with strong recurring revenue, positioning it to explore new real estate development opportunities for long-term growth.