Lanka Realty Investments PLC (LRI) has reported a transformational financial year for the period ended March 31, 2026, driven by a significantly expanded asset base, stronger profitability, improved Net Asset Value (NAV) per share, and a lower loan-to-value (LTV) ratio.
FY26 also marked the strategic acquisition of Lee Hedges PLC, which strengthened the Group’s recurring commercial property income base and resulted in a value-accretive gain from the acquisition of a subsidiary.
LRI’s revenue rose by 4.6% to Rs. 1.26 billion, while gross profit increased by 14% to Rs. 506.4 million, reflecting improved operating efficiency and a more resilient income mix across its commercial property, leisure, and property development segments.
Operating profit recorded a significant increase of 81.2% to Rs. 303.6 million in FY26.
The Group also reported a gain of Rs. 357.7 million from the acquisition of a subsidiary in relation to the Lee Hedges PLC transaction. According to LRI, this gain highlights the value-accretive nature of the deal and aligns with the Group’s strategy of acquiring undervalued, asset-backed, listed property companies with long-term income and NAV growth potential.
