Announcement • Jun 05
Colombo Dockyard PLC, Annual General Meeting, Jun 25, 2026 Colombo Dockyard PLC, Annual General Meeting, Jun 25, 2026, at 10:00 Sri Lanka Standard Time. Location: at the grand ballroom, galadari hotel, no.64, lotus road, colombo 1 Sri Lanka Reported Earnings • May 05
Full year 2026 earnings released: LK₨9.07 loss per share (vs LK₨38.50 loss in FY 2025) Full year 2026 results: LK₨9.07 loss per share (improved from LK₨38.50 loss in FY 2025). Revenue: LK₨29.0b (up 15% from FY 2025). Net loss: LK₨2.33b (loss narrowed 16% from FY 2025). Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 26% per year. Board Change • Mar 17
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Executive Non-Independent Director Biju George was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. New Risk • Jan 20
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 350% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (33% average weekly change). Earnings have declined by 40% per year over the past 5 years. Shareholders have been substantially diluted in the past year (350% increase in shares outstanding). Reported Earnings • Nov 17
Third quarter 2025 earnings released: LK₨7.84 loss per share (vs LK₨18.85 loss in 3Q 2024) Third quarter 2025 results: LK₨7.84 loss per share (improved from LK₨18.85 loss in 3Q 2024). Revenue: LK₨7.72b (up 50% from 3Q 2024). Net loss: LK₨563.6m (loss narrowed 58% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 98% per year, which means it is well ahead of earnings. Announcement • Nov 08
Colombo Dockyard PLC has filed a Follow-on Equity Offering. Colombo Dockyard PLC has filed a Follow-on Equity Offering.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 323,365,158
Transaction Features: Rights Offering Announcement • Aug 29
Colombo Dockyard PLC has withdrawn its Follow-on Equity Offering in the amount of LKR 12.934606 billion. Colombo Dockyard PLC has withdrawn its Follow-on Equity Offering in the amount of LKR 12.934606 billion.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 323,365,158
Price\Range: LKR 40
Transaction Features: Rights Offering Reported Earnings • Aug 16
Second quarter 2025 earnings released: LK₨11.25 loss per share (vs LK₨1.14 profit in 2Q 2024) Second quarter 2025 results: LK₨11.25 loss per share (down from LK₨1.14 profit in 2Q 2024). Revenue: LK₨6.27b (flat on 2Q 2024). Net loss: LK₨808.4m (down LK₨890.6m from profit in 2Q 2024). 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 16% per year, which means it is well ahead of earnings. Announcement • Jul 09
Colombo Dockyard PLC has filed a Follow-on Equity Offering in the amount of LKR 12.934606 billion. Colombo Dockyard PLC has filed a Follow-on Equity Offering in the amount of LKR 12.934606 billion.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 323,365,158
Price\Range: LKR 40
Transaction Features: Rights Offering Announcement • Jun 28
Mazagon Dock Shipbuilders Limited (NSEI:MAZDOCK) entered into definitive agreement to acquire an unknown minority stake in Colombo Dockyard PLC (COSE:DOCK.N0000) from Onomichi Dockyard Co. Ltd. and others. Mazagon Dock Shipbuilders Limited (NSEI:MAZDOCK) entered into definitive agreement to acquire an unknown minority stake in Colombo Dockyard PLC (COSE:DOCK.N0000) from Onomichi Dockyard Co. Ltd and others on June 27, 2025. A cash consideration will be paid by Mazagon Dock Shipbuilders Limited. As part of consideration, an undisclosed value is paid towards common equity of Colombo Dockyard PLC. The investment, valued at up to INR 4.52 billion , will be carried out through a combination of primary infusion and secondary share purchase, including the acquisition of shares from Onomichi Dockyard Co Ltd, the current majority shareholder. The proposed acquisition will enable Mazagon Dock to strengthen its position in the ship repair and ship building industry, by unlocking operational synergies, enhancing research development capabilities, and expanding market reach. It supports the company's long-term growth vision in the ship building and ship repair industry. Pursuant to the completion of the proposed acquisition, CDPLC will become a subsidiary of the company,' Mazagon Dock Shipbuilders. Announcement • Jun 09
Colombo Dockyard PLC, Annual General Meeting, Jun 30, 2025 Colombo Dockyard PLC, Annual General Meeting, Jun 30, 2025, at 10:00 Sri Lanka Standard Time. Location: grand ballroom, galadari hotel, 01, colombo Sri Lanka Announcement • May 30
Colombo Dockyard PLC Announces Committee Changes Colombo Dockyard PLC announced that the Board has resolved on 26th May 2025 to include Mr. Lalith Ganlath, Chairman of the Company as a member of the Nomination & Governance Committee with effect from 26th May 2025. Accordingly, the members of the reconstituted Nomination & Governance Committee are follows, with effect from 26th May 2025: Mr. Chathura Wickramatileka (Non-executive/Independent) - Chairman; Mr. Chanaka Jayamaha (Non-executive/Independent); Mr. Sarath de Costa (Non-executive/Non-independent); Mr. Lalih Ganlath (Non-executive/Non-independent). Reported Earnings • May 20
First quarter 2025 earnings released: LK₨17.66 loss per share (vs LK₨4.96 loss in 1Q 2024) First quarter 2025 results: LK₨17.66 loss per share (further deteriorated from LK₨4.96 loss in 1Q 2024). Revenue: LK₨7.07b (down 4.5% from 1Q 2024). Net loss: LK₨634.4m (loss widened 78% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Mar 07
Full year 2024 earnings released: LK₨34.63 loss per share (vs LK₨153 loss in FY 2023) Full year 2024 results: LK₨34.63 loss per share (improved from LK₨153 loss in FY 2023). Revenue: LK₨25.6b (down 29% from FY 2023). Net loss: LK₨2.49b (loss narrowed 77% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 20
Third quarter 2024 earnings released: LK₨18.85 loss per share (vs LK₨93.50 loss in 3Q 2023) Third quarter 2024 results: LK₨18.85 loss per share (improved from LK₨93.50 loss in 3Q 2023). Revenue: LK₨5.15b (down 35% from 3Q 2023). Net loss: LK₨1.35b (loss narrowed 80% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. New Risk • Sep 04
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: LK₨2.98b (US$9.98m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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₨9.7b free cash flow). Earnings have declined by 55% per year over the past 5 years. Market cap is less than US$10m (LK₨2.98b market cap, or US$9.98m). Minor Risk Share price has been volatile over the past 3 months (5.7% average weekly change). Reported Earnings • Aug 21
Second quarter 2024 earnings released: EPS: LK₨1.14 (vs LK₨38.24 loss in 2Q 2023) Second quarter 2024 results: EPS: LK₨1.14 (up from LK₨38.24 loss in 2Q 2023). Revenue: LK₨6.29b (down 45% from 2Q 2023). Net income: LK₨82.2m (up LK₨2.83b from 2Q 2023). Profit margin: 1.3% (up from net loss in 2Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. New Risk • Aug 09
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 5.0% 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 Earnings have declined by 55% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.0% average weekly change). Market cap is less than US$100m (LK₨3.51b market cap, or US$11.7m). Announcement • Jun 05
Colombo Dockyard PLC, Annual General Meeting, Jun 19, 2024 Colombo Dockyard PLC, Annual General Meeting, Jun 19, 2024, at 10:00 Sri Lanka Standard Time. Location: grand ballroom, galadari hotel, colombo 01, sri lanka, Sri Lanka Reported Earnings • May 22
First quarter 2024 earnings released: LK₨4.96 loss per share (vs LK₨4.50 loss in 1Q 2023) First quarter 2024 results: LK₨4.96 loss per share (further deteriorated from LK₨4.50 loss in 1Q 2023). Revenue: LK₨7.41b (down 25% from 1Q 2023). Net loss: LK₨356.6m (loss widened 10% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 08
Full year 2023 earnings released: LK₨152 loss per share (vs LK₨9.38 profit in FY 2022) Full year 2023 results: LK₨152 loss per share (down from LK₨9.38 profit in FY 2022). Revenue: LK₨36.2b (up 33% from FY 2022). Net loss: LK₨10.9b (down LK₨11.6b from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. 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 5.6% 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 Earnings have declined by 31% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.6% average weekly change). Market cap is less than US$100m (LK₨3.76b market cap, or US$11.5m). New Risk • Nov 22
New major risk - Revenue and earnings growth Earnings have declined by 31% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 31% per year over the past 5 years. Minor Risk Market cap is less than US$100m (LK₨3.85b market cap, or US$11.8m). Reported Earnings • Aug 17
Second quarter 2023 earnings released: LK₨38.24 loss per share (vs LK₨2.61 profit in 2Q 2022) Second quarter 2023 results: LK₨38.24 loss per share (down from LK₨2.61 profit in 2Q 2022). Revenue: LK₨11.4b (up 123% from 2Q 2022). Net loss: LK₨2.75b (down LK₨2.94b from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jun 09
Independent Non-Executive Director recently sold LK₨55k worth of stock On the 31st of May, H. A. R. Wickramathilake sold around 1k shares on-market at roughly LK₨55.40 per share. This transaction amounted to 91% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. New Risk • Jun 08
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 6.8% 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 Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (LK₨4.07b market cap, or US$13.8m). Reported Earnings • May 19
First quarter 2023 earnings released: LK₨4.50 loss per share (vs LK₨1.60 profit in 1Q 2022) First quarter 2023 results: LK₨4.50 loss per share (down from LK₨1.60 profit in 1Q 2022). Revenue: LK₨9.84b (up 77% from 1Q 2022). Net loss: LK₨323.6m (down 382% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 08
Full year 2022 earnings released: EPS: LK₨9.96 (vs LK₨3.47 in FY 2021) Full year 2022 results: EPS: LK₨9.96 (up from LK₨3.47 in FY 2021). Revenue: LK₨27.2b (up 58% from FY 2021). Net income: LK₨715.5m (up 187% from FY 2021). Profit margin: 2.6% (up from 1.4% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 19
Third quarter 2022 earnings released: EPS: LK₨1.20 (vs LK₨0.57 loss in 3Q 2021) Third quarter 2022 results: EPS: LK₨1.20 (up from LK₨0.57 loss in 3Q 2021). Revenue: LK₨8.15b (up 78% from 3Q 2021). Net income: LK₨86.3m (up LK₨127.0m from 3Q 2021). Profit margin: 1.1% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Non-Executive Director H. A. R. Wickramathilake was the last independent director to join the board, commencing their role in 1995. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 19
Second quarter 2022 earnings released: EPS: LK₨2.61 (vs LK₨1.54 in 2Q 2021) Second quarter 2022 results: EPS: LK₨2.61 (up from LK₨1.54 in 2Q 2021). Revenue: LK₨5.11b (up 37% from 2Q 2021). Net income: LK₨187.6m (up 70% from 2Q 2021). Profit margin: 3.7% (up from 3.0% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Jun 29
Colombo Dockyard PLC, Annual General Meeting, Jun 28, 2022 Colombo Dockyard PLC, Annual General Meeting, Jun 28, 2022. Reported Earnings • May 24
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: LK₨1.60 (up from LK₨2.20 loss in 1Q 2021). Revenue: LK₨5.57b (up 70% from 1Q 2021). Net income: LK₨114.7m (up LK₨273.0m from 1Q 2021). Profit margin: 2.1% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates by 8.6%. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 28
Upcoming dividend of LK₨1.00 per share Eligible shareholders must have bought the stock before 05 May 2022. Payment date: 26 May 2022. The company last paid an ordinary dividend in February 2012. The average dividend yield among industry peers is 2.1%. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Non-Executive Director H. A. R. Wickramathilaka was the last independent director to join the board, commencing their role in 1995. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 08
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: LK₨3.52 (up from LK₨16.17 loss in FY 2020). Revenue: LK₨17.0b (up 76% from FY 2020). Net income: LK₨252.7m (up LK₨1.41b from FY 2020). Profit margin: 1.5% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates by 8.6%. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Reported Earnings • Nov 19
Third quarter 2021 earnings released: LK₨0.57 loss per share (vs LK₨0.20 profit in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: LK₨4.59b (up 52% from 3Q 2020). Net loss: LK₨40.7m (down 388% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS LK₨1.54 (vs LK₨8.23 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: LK₨3.73b (up 135% from 2Q 2020). Net income: LK₨110.4m (up LK₨702.0m from 2Q 2020). Profit margin: 3.0% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • May 21
First quarter 2021 earnings released: LK₨2.20 loss per share (vs LK₨2.08 loss in 1Q 2020) The company reported a solid first quarter result with improved revenues and control over costs, although losses increased. First quarter 2021 results: Revenue: LK₨3.28b (up 35% from 1Q 2020). Net loss: LK₨158.4m (loss widened 5.7% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 14
Full year 2020 earnings released: LK₨16.17 loss per share (vs LK₨23.39 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: LK₨9.67b (down 17% from FY 2019). Net loss: LK₨1.16b (loss narrowed 31% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 05
Full year 2020 earnings released: LK₨15.54 loss per share (vs LK₨23.39 loss in FY 2019) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2020 results: Revenue: LK₨9.59b (down 18% from FY 2019). Net loss: LK₨1.12b (loss narrowed 34% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 69% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Mar 04
New 90-day low: LK₨75.30 The company is down 3.0% from its price of LK₨77.90 on 04 December 2020. The Sri Lankan market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Machinery industry, which is up 9.0% over the same period. Is New 90 Day High Low • Jan 25
New 90-day high: LK₨93.00 The company is up 55% from its price of LK₨60.10 on 27 October 2020. The Sri Lankan market is up 50% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 17% over the same period. Is New 90 Day High Low • Dec 04
New 90-day high: LK₨77.90 The company is up 22% from its price of LK₨63.80 on 04 September 2020. The Sri Lankan market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 9.0% over the same period. Reported Earnings • Nov 25
Third quarter 2020 earnings released: EPS LK₨0.20 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: LK₨3.02b (up 18% from 3Q 2019). Net income: LK₨14.1m (up LK₨346.2m from 3Q 2019). Profit margin: 0.5% (up from net loss in 3Q 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 79% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Sep 29
Colombo Dockyard Appoints Satoshi Asia as Alternate Director Colombo Dockyard PLC announced that Mr. Takashi Nakabe, director has appointed Mr. Satoshi Asia as his alternate director with effect from September 25, 2020 in place of Mr. Yoshihoro Saki. Reported Earnings • Sep 18
First half earnings released Over the last 12 months the company has reported total losses of LK₨1.16b, with losses widening by 74% from the prior year. Total revenue was LK₨9.79b over the last 12 months, down 33% from the prior year. 