New Risk • Jun 14
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.9x net interest cover). Minor Risk Market cap is less than US$100m (LK₨8.49b market cap, or US$25.3m). 공고 • Jun 05
Jetwing Symphony PLC, Annual General Meeting, Jun 30, 2026 Jetwing Symphony PLC, Annual General Meeting, Jun 30, 2026, at 11:00 Sri Lanka Standard Time. Location: at jetwing house ii 7th floor, 46/26, navam mawatha, colombo 02 Sri Lanka New Risk • Jun 02
New minor risk - Dividend sustainability The company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 3.5% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks High level of debt (85% net debt to equity). Short dividend paying track record (less than a year of continuous dividend payments). Market cap is less than US$100m (LK₨8.49b market cap, or US$25.7m). 공고 • May 28
Jetwing Symphony PLC announces Annual dividend, payable on July 20, 2026 Jetwing Symphony PLC announced Annual dividend of LKR 0.5000 per share payable on July 20, 2026, ex-date on July 01, 2026 and record date on July 02, 2026. Buy Or Sell Opportunity • Mar 30
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 24% to LK₨15.00. The fair value is estimated to be LK₨19.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to LK₨13.50, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 16x in the Hospitality industry in Sri Lanka. Total returns to shareholders of 90% over the past three years. Buy Or Sell Opportunity • Mar 12
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 24% to LK₨15.10. The fair value is estimated to be LK₨19.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Dec 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Sri Lankan stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.6x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Market cap is less than US$100m (LK₨11.9b market cap, or US$38.7m). Valuation Update With 7 Day Price Move • Nov 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to LK₨22.50, the stock trades at a trailing P/E ratio of 24.2x. Average trailing P/E is 23x in the Hospitality industry in Sri Lanka. Total returns to shareholders of 74% over the past three years. Buy Or Sell Opportunity • Nov 25
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 36% to LK₨22.00. The fair value is estimated to be LK₨18.15, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to LK₨20.70, the stock trades at a trailing P/E ratio of 23.5x. Average trailing P/E is 21x in the Hospitality industry in Sri Lanka. Total returns to shareholders of 65% over the past three years. Reported Earnings • Aug 14
First quarter 2026 earnings released: LK₨0.028 loss per share (vs LK₨0.19 loss in 1Q 2025) First quarter 2026 results: LK₨0.028 loss per share (improved from LK₨0.19 loss in 1Q 2025). Revenue: LK₨770.2m (up 7.6% from 1Q 2025). Net loss: LK₨16.7m (loss narrowed 85% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. New Risk • Jul 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Sri Lankan stocks, typically moving 4.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Share price has been highly volatile over the past 3 months (4.8% average weekly change). Minor Risk Market cap is less than US$100m (LK₨7.17b market cap, or US$23.8m). Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 43% After last week's 43% share price gain to LK₨16.50, the stock trades at a trailing P/E ratio of 22.9x. Average trailing P/E is 27x in the Hospitality industry in Sri Lanka. Total returns to shareholders of 68% over the past three years. 공고 • Jun 06
Jetwing Symphony PLC, Annual General Meeting, Jun 30, 2025 Jetwing Symphony PLC, Annual General Meeting, Jun 30, 2025, at 11:00 Sri Lanka Standard Time. Location: jetwing house ii, 7th floor, 46/26, navam mawatha, Sri Lanka Reported Earnings • May 22
Full year 2025 earnings released: EPS: LK₨0.72 (vs LK₨0.17 in FY 2024) Full year 2025 results: EPS: LK₨0.72 (up from LK₨0.17 in FY 2024). Revenue: LK₨4.09b (up 13% from FY 2024). Net income: LK₨434.7m (up 333% from FY 2024). Profit margin: 11% (up from 2.8% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: LK₨0.24 (vs LK₨0.057 loss in 3Q 2024) Third quarter 2025 results: EPS: LK₨0.24 (up from LK₨0.057 loss in 3Q 2024). Revenue: LK₨991.7m (up 12% from 3Q 2024). Net income: LK₨142.8m (up LK₨176.9m from 3Q 2024). Profit margin: 14% (up from net loss in 3Q 2024). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 05
Second quarter 2025 earnings released: EPS: LK₨0.34 (vs LK₨0.16 loss in 2Q 2024) Second quarter 2025 results: EPS: LK₨0.34 (up from LK₨0.16 loss in 2Q 2024). Revenue: LK₨1.07b (up 14% from 2Q 2024). Net income: LK₨203.3m (up LK₨285.4m from 2Q 2024). Profit margin: 19% (up from net loss in 2Q 2024). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to LK₨9.00, the stock trades at a trailing P/E ratio of 41.6x. Average trailing P/E is 17x in the Hospitality industry in Sri Lanka. Total loss to shareholders of 31% over the past three years. Reported Earnings • Aug 10
First quarter 2025 earnings released: LK₨0.19 loss per share (vs LK₨0.24 loss in 1Q 2024) First quarter 2025 results: LK₨0.19 loss per share (improved from LK₨0.24 loss in 1Q 2024). Revenue: LK₨716.1m (up 8.3% from 1Q 2024). Net loss: LK₨112.8m (loss narrowed 21% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. New Risk • Jun 16
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 217% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.9x net interest cover). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (LK₨5.30b market cap, or US$17.4m). Reported Earnings • May 28
Full year 2024 earnings released: EPS: LK₨0.17 (vs LK₨1.10 loss in FY 2023) Full year 2024 results: EPS: LK₨0.17 (up from LK₨1.10 loss in FY 2023). Revenue: LK₨3.61b (up 71% from FY 2023). Net income: LK₨100.3m (up LK₨715.5m from FY 2023). Profit margin: 2.8% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 14
Third quarter 2024 earnings released: LK₨0.057 loss per share (vs LK₨0.55 loss in 3Q 2023) Third quarter 2024 results: LK₨0.057 loss per share (improved from LK₨0.55 loss in 3Q 2023). Revenue: LK₨886.0m (up 49% from 3Q 2023). Net loss: LK₨34.1m (loss narrowed 88% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 16
Second quarter 2024 earnings released: LK₨0.014 loss per share (vs LK₨0.61 loss in 2Q 2023) Second quarter 2024 results: LK₨0.014 loss per share (improved from LK₨0.61 loss in 2Q 2023). Revenue: LK₨938.5m (up 138% from 2Q 2023). Net loss: LK₨82.1m (loss narrowed 73% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 2% per year. New Risk • Nov 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Sri Lankan stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-LK₨320m free cash flow). Earnings have declined by 25% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.8% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (LK₨5.42b market cap, or US$16.5m). Reported Earnings • Aug 11
First quarter 2024 earnings released: LK₨0.24 loss per share (vs LK₨0.88 loss in 1Q 2023) First quarter 2024 results: LK₨0.24 loss per share (improved from LK₨0.88 loss in 1Q 2023). Revenue: LK₨661.4m (up 37% from 1Q 2023). Net loss: LK₨142.6m (loss narrowed 68% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. 공고 • Jun 09
Jetwing Symphony PLC, Annual General Meeting, Jun 30, 2023 Jetwing Symphony PLC, Annual General Meeting, Jun 30, 2023, at 11:00 Sri Lanka Standard Time. Location: "Jetwing House II" 7th Floor, 46/26, Navam Mawatha, 46/26, Navam Mawatha Colombo 02 Sri Lanka Agenda: To receive and consider the annual report of the board of directors along with the financial statements of the Company for the year ended 31st March 2023 and the report of the auditors thereon; to propose the following resolution for the re-appointment of Mr. N. Wadugodapitiya, who has reached the age of seventy one (71) years. Reported Earnings • May 25
Full year 2023 earnings released: LK₨1.17 loss per share (vs LK₨1.76 loss in FY 2022) Full year 2023 results: LK₨1.17 loss per share (improved from LK₨1.76 loss in FY 2022). Revenue: LK₨2.12b (up 64% from FY 2022). Net loss: LK₨615.2m (loss narrowed 31% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 10
Third quarter 2023 earnings released: LK₨0.55 loss per share (vs LK₨0.043 loss in 3Q 2022) Third quarter 2023 results: LK₨0.55 loss per share (further deteriorated from LK₨0.043 loss in 3Q 2022). Revenue: LK₨595.8m (up 28% from 3Q 2022). Net loss: LK₨278.1m (loss widened LK₨256.5m from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. Non-Executive Independent Director Sharad Amalean was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Nov 05
Second quarter 2023 earnings released: LK₨0.62 loss per share (vs LK₨0.32 loss in 2Q 2022) Second quarter 2023 results: LK₨0.62 loss per share (further deteriorated from LK₨0.32 loss in 2Q 2022). Revenue: LK₨394.6m (up 167% from 2Q 2022). Net loss: LK₨308.9m (loss widened 90% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Aug 12
First quarter 2023 earnings released: LK₨0.88 loss per share (vs LK₨0.34 loss in 1Q 2022) First quarter 2023 results: LK₨0.88 loss per share (down from LK₨0.34 loss in 1Q 2022). Revenue: LK₨481.8m (up 194% from 1Q 2022). Net loss: LK₨441.5m (loss widened 161% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Board Change • Aug 08
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. Non-Executive Independent Director Sharad Amalean was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. 공고 • Jun 23
Jetwing Symphony PLC, Annual General Meeting, Jul 14, 2022 Jetwing Symphony PLC, Annual General Meeting, Jul 14, 2022, at 11:00 Sri Lanka Standard Time. Location: Jetwing House II 7th Floor, 46/26, Navam Mawatha Colombo Sri Lanka Agenda: To receive and consider the annual report of the board of directors along with the financial statements of the Company for the year ended 31st March 2022 and the report of the auditors thereon; to propose the following resolution for the re-appointment of Mr. N. Wadugodapitiya, who has reached the age of seventy (70) years; to propose the following resolution for the re-appointment of Mr. L.K. Porter, who has reached the age of seventy (70) years; to re-appoint M/s Ernst & Young, Chartered Accountants, who are deemed to be re-appointed as auditors until the conclusion of the next AGM of the Company in terms of section 158 (1) of the Companies Act No. 07 of 2007, to audit the financial statements of the Company for the financial year ending 31st March 2023 and to authorize the directors to determine their remuneration therefor; to authorize the directors to determine the contributions to charities for the ensuing year. Reported Earnings • Jun 01
Full year 2022 earnings released: LK₨1.76 loss per share (vs LK₨1.63 loss in FY 2021) Full year 2022 results: LK₨1.76 loss per share (down from LK₨1.63 loss in FY 2021). Revenue: LK₨1.29b (up 131% from FY 2021). Net loss: LK₨886.0m (loss widened 8.0% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. Non-Executive Independent Director Sharad Amalean was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Feb 13
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: LK₨0.04 loss per share (up from LK₨0.39 loss in 3Q 2021). Revenue: LK₨463.7m (up 278% from 3Q 2021). Net loss: LK₨21.7m (loss narrowed 89% from 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Reported Earnings • May 17
Full year 2021 earnings released: LK₨1.63 loss per share (vs LK₨0.90 loss in FY 2020) Full year 2021 results: Net loss: LK₨820.6m (loss widened 81% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 12
Third quarter 2021 earnings released: LK₨0.39 loss per share (vs LK₨0.18 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: LK₨122.6m (down 69% from 3Q 2020). Net loss: LK₨197.6m (loss widened 119% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 14% per year. Is New 90 Day High Low • Jan 19
New 90-day high: LK₨10.30 The company is up 18% from its price of LK₨8.70 on 21 October 2020. The Sri Lankan market is up 33% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 26% over the same period. Is New 90 Day High Low • Dec 07
New 90-day high: LK₨10.00 The company is up 12% from its price of LK₨8.90 on 08 September 2020. The Sri Lankan market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 23% over the same period. Is New 90 Day High Low • Nov 09
New 90-day low: LK₨7.80 The company is down 16% from its price of LK₨9.30 on 11 August 2020. The Sri Lankan market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 4.0% over the same period. Reported Earnings • Oct 29
First half earnings released Over the last 12 months the company has reported total losses of LK₨546.3m, with losses widening by 64% from the prior year. Total revenue was LK₨1.12b over the last 12 months, down 37% from the prior year. Is New 90 Day High Low • Oct 22
New 90-day low: LK₨8.10 The company is down 12% from its price of LK₨9.20 on 24 July 2020. The Sri Lankan market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 3.0% over the same period. Is New 90 Day High Low • Oct 05
New 90-day low: LK₨8.70 The company is down 6.0% from its price of LK₨9.30 on 06 July 2020. The Sri Lankan market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 13% over the same period.