📈 Sierra Cables Revenue Tops Rs. 16 Bn, PAT Rockets 194% in FY26

Sierra Cables PLC (member of the LOLC Group) reported record-breaking financial results for the financial year ended 31 March 2026, driven by high capacity utilization, domestic expansion, and a massive surge in export revenue. Overall Financial Highlights • Revenue: Reached Rs. 16.0 Bn, marking a 73% YoY increase against Rs. 9.26 Bn in FY25. • Profit After Tax (PAT): Climbed 194% YoY to Rs. 2.7 Bn, up from Rs. 903 Mn. • Operating Profit: Surpassed Rs. 3.0 Bn, reflecting a 119% YoY growth. • Earnings Per Share (EPS): Increased to Rs. 4.95 from Rs. 1.68 in the previous year. Sector & Market Drivers • Industrial Manufacturing: Strong domestic demand for specialized fire-resistant and fire-retardant cable solutions amid tightening construction safety standards. • Domestic Footprint: Expanded dealer and distribution networks across urban and regional Sri Lankan markets to solidify local leadership. Exports & International Expansion • Export Growth: Export revenue surged by 345% YoY, rising from Rs. 1.1 Bn to Rs. 5.0 Bn. • Revenue Diversification: Overseas markets now account for 31% of total Group revenue, aiding national foreign exchange earnings. • US Market Position: Holds exclusive UL 44 and UL 854 certifications, making it the only Sri Lankan cable manufacturer certified to supply the highly regulated United States market. • Global Operations: Maintained active market presence in Zambia and Fiji alongside technical association with T & G Lanka Ltd. (electrical and fibre-optic systems).