📈 Prime Lands Residencies Reports Record FY26 Profits, Declares Rs. 0.80 Dividend

Sri Lankan real estate giant Prime Lands Residencies PLC (CSE: PLR.N) reported outstanding financial results for the year ended 31 March 2026, driven by aggressive portfolio expansion and rapid construction progress. • Full-Year Financial Performance (FY2026): • Profit After Tax (PAT): Increased by 67% YoY to Rs. 2.06 Bn. • Gross Profit: Expanded by 58% YoY to Rs. 3.82 Bn. • Operating Profit: Rose by 69% YoY to Rs. 2.69 Bn. • Earnings Per Share (EPS): Jumped significantly to Rs. 2.20 from Rs. 1.31 in the previous year. • Q4/Quarterly Highlights (Ended 31 March 2026): • Quarterly PAT surged 65% YoY to Rs. 558.4 Mn. • Quarterly Gross Profit grew 47% YoY to Rs. 1.17 Bn. • Quarterly EPS improved by 64% YoY to Rs. 0.59. • Balance Sheet & Shareholder Returns: • Total assets expanded to Rs. 36.8 Bn, backed by a strategic land bank worth Rs. 11.1 Bn. • Net Asset Value (NAV) per share increased to Rs. 12.20. • Declared an Interim Cash Dividend of Rs. 0.80 per ordinary share (Ex-dividend date: 09 June 2026; Payment date: 26 June 2026). • Sector & Project Breakdown: • Revenue growth was propelled by completions like the ultra-luxury 43 by the Sea on Marine Drive. • Core milestones achieved include the early topping-off of the 484-unit Tower Cosmos at The Colombo Border. • Future growth visibility remains high, with unrecognized pipeline revenue from newly launched premium projects including The Elizabeth (Colombo 07) and MON VIE (Colombo 05). _Note: Figures are based on reported full-year and quarterly financial disclosures._