JKH Q2 EBITDA soars by 127%

John Keells Holdings PLC reported earnings before interest, tax, depreciation and amortisation (EBITDA) of Rs. 18.36 billion for the second quarter ending 30 September 2025, a 127% increase from Rs. 8.09 billion in the same period last year.

For the first half of the financial year 2025/26, cumulative Group EBITDA reached Rs. 31.33 billion, a 98% increase compared to the previous year. The Group stated that with high seasonality in many of its businesses, second-half performance is expected to improve further.

Group profit before tax (PBT) for the quarter was Rs. 7.80 billion, a 243% increase from Rs. 2.27 billion in the second quarter of 2024/25. Group profit after tax (PAT) reached Rs. 4.20 billion, a 176% increase from Rs. 1.52 billion in the previous financial year.

The profit attributable to equity holders of the parent was Rs. 1.65 billion compared to Rs. 1.37 billion in the corresponding period last year. Excluding City of Dreams Sri Lanka and JKCG, this figure was Rs. 2.61 billion for the quarter compared to Rs. 692 million in the previous year.

The Group doubled its dividend from Rs. 0.05 to Rs. 0.10 per share, with an outlay of Rs. 1.77 billion for the first interim dividend compared to Rs. 826 million last year.

The Retail sector showed significant growth with EBITDA of Rs. 10.11 billion for the quarter, a 323% increase from the previous year. Leisure sector EBITDA, excluding City of Dreams Sri Lanka, increased 43% to Rs. 1.49 billion. The Transportation sector reported a 2% decrease in EBITDA to Rs. 1.93 billion.

City of Dreams Sri Lanka reduced its losses to Rs. 64 million from Rs. 1.18 billion in the same quarter last year. The property is now fully operational with the opening of its Nuwa hotel and the first phase of a shopping mall

Financial Services reported a 39% increase in EBITDA to Rs. 2.52 billion, while Property sector EBITDA grew 76% to Rs. 196 million.

Source: The morning