Announcement • Jul 29
JAT Holdings PLC announces Annual dividend, payable on August 28, 2026 JAT Holdings PLC announced Annual dividend of LKR 0.7200 per share payable on August 28, 2026, ex-date on August 07, 2026 and record date on August 10, 2026. Announcement • Jun 06
JAT Holdings PLC, Annual General Meeting, Jun 30, 2026 JAT Holdings PLC, Annual General Meeting, Jun 30, 2026, at 10:00 Sri Lanka Standard Time. Location: centered from the board room, of the companys head office situated at no. 351, pannipitiya road, thalawathugoda, Sri Lanka Reported Earnings • May 23
Full year 2026 earnings released: EPS: LK₨2.89 (vs LK₨3.50 in FY 2025) Full year 2026 results: EPS: LK₨2.89 (down from LK₨3.50 in FY 2025). Revenue: LK₨12.6b (up 8.7% from FY 2025). Net income: LK₨1.51b (down 16% from FY 2025). Profit margin: 12% (down from 15% in FY 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.4% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Chemicals industry in Asia. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Feb 10
Upcoming dividend of LK₨0.44 per share Eligible shareholders must have bought the stock before 17 February 2026. Payment date: 09 March 2026. Payout ratio is a comfortable 28% and the cash payout ratio is 92%. Trailing yield: 1.8%. Lower than top quartile of Sri Lankan dividend payers (4.3%). Lower than average of industry peers (3.6%). Reported Earnings • Nov 17
Second quarter 2026 earnings released: EPS: LK₨0.48 (vs LK₨0.76 in 2Q 2025) Second quarter 2026 results: EPS: LK₨0.48 (down from LK₨0.76 in 2Q 2025). Revenue: LK₨2.89b (up 23% from 2Q 2025). Net income: LK₨250.5m (down 35% from 2Q 2025). Profit margin: 8.7% (down from 17% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Chemicals industry in Asia. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 68% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 01
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to LK₨43.80, the stock trades at a trailing P/E ratio of 12.4x. Average forward P/E is 18x in the Chemicals industry in Sri Lanka. Total returns to shareholders of 302% over the past three years. Recent Insider Transactions • Jul 14
Non-Executive Non-Independent Director recently bought LK₨18m worth of stock On the 8th of July, Joycelyn Gunawardene bought around 492k shares on-market at roughly LK₨36.09 per share. This transaction amounted to 5.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought LK₨14m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Jun 21
Non-Executive Non-Independent Director recently bought LK₨148k worth of stock On the 19th of June, Anika Williamson bought around 4k shares on-market at roughly LK₨34.00 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold LK₨5.0m more in shares than they bought in the last 12 months. Recent Insider Transactions • Jun 14
CEO & Executive Director recently sold LK₨5.3m worth of stock On the 9th of June, Nishal Ferdinando sold around 150k shares on-market at roughly LK₨35.25 per share. This transaction amounted to 100% 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 Nishal's only on-market trade for the last 12 months. Announcement • Jun 06
JAT Holdings PLC, Annual General Meeting, Jun 30, 2025 JAT Holdings PLC, Annual General Meeting, Jun 30, 2025, at 10:00 Sri Lanka Standard Time. Recent Insider Transactions • Jun 02
Non-Executive Non-Independent Director recently bought LK₨99k worth of stock On the 29th of May, Anika Williamson bought around 3k shares on-market at roughly LK₨33.60 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • May 21
Full year 2025 earnings released: EPS: LK₨3.50 (vs LK₨2.00 in FY 2024) Full year 2025 results: EPS: LK₨3.50 (up from LK₨2.00 in FY 2024). Revenue: LK₨11.6b (flat on FY 2024). Net income: LK₨1.79b (up 75% from FY 2024). Profit margin: 15% (up from 8.8% in FY 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Chemicals industry in Asia. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 11
Third quarter 2025 earnings released: EPS: LK₨0.96 (vs LK₨0.53 in 3Q 2024) Third quarter 2025 results: EPS: LK₨0.96 (up from LK₨0.53 in 3Q 2024). Revenue: LK₨3.03b (flat on 3Q 2024). Net income: LK₨489.5m (up 81% from 3Q 2024). Profit margin: 16% (up from 9.0% in 3Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Chemicals industry in Asia. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Upcoming Dividend • Jan 27
Upcoming dividend of LK₨0.60 per share Eligible shareholders must have bought the stock before 03 February 2025. Payment date: 24 February 2025. Payout ratio is a comfortable 8.3% but the company is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of Sri Lankan dividend payers (5.4%). Lower than average of industry peers (3.7%). Announcement • Jan 03
JAT Holdings PLC Announces Retirement of Dayangani Priyanthi Pieris as Independent/Non-Executive Director JAT Holdings PLC announced that in accordance with Section 9.8.3 (ix), Mrs. Dayangani Priyanthi Pieris will be relinquishing her duties as an Independent/Non-Executive Director of the company with effect from 31 December 2024. Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to LK₨22.30, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 7x in the Chemicals industry in Sri Lanka. Total returns to shareholders of 13% over the past three years. New Risk • Nov 05
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (22% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (LK₨9.14b market cap, or US$31.2m). Reported Earnings • Aug 15
First quarter 2025 earnings released: EPS: LK₨0.24 (vs LK₨0.14 in 1Q 2024) First quarter 2025 results: EPS: LK₨0.24 (up from LK₨0.14 in 1Q 2024). Revenue: LK₨2.20b (up 2.8% from 1Q 2024). Net income: LK₨124.9m (up 78% from 1Q 2024). Profit margin: 5.7% (up from 3.3% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 7% per year. New Risk • Jul 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 4.9% 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: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (4.9% average weekly change). Profit margins are more than 30% lower than last year (8.8% net profit margin). Market cap is less than US$100m (LK₨9.70b market cap, or US$31.9m). Board Change • Jun 05
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. CEO & Executive Director Nishal Ferdinando was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 31
JAT Holdings PLC, Annual General Meeting, Jun 24, 2024 JAT Holdings PLC, Annual General Meeting, Jun 24, 2024, at 10:00 Sri Lanka Standard Time. Location: company at no. 351, pannipitiya road, thalawathugoda, Sri Lanka Reported Earnings • May 21
Full year 2024 earnings released: EPS: LK₨2.00 (vs LK₨2.56 in FY 2023) Full year 2024 results: EPS: LK₨2.00 (down from LK₨2.56 in FY 2023). Revenue: LK₨11.6b (up 14% from FY 2023). Net income: LK₨1.02b (down 22% from FY 2023). Profit margin: 8.8% (down from 13% in FY 2023). The decrease in margin was driven by higher expenses. Upcoming Dividend • Feb 26
Upcoming dividend of LK₨0.30 per share Eligible shareholders must have bought the stock before 04 March 2024. Payment date: 25 March 2024. Payout ratio is a comfortable 54% but the company is not cash flow positive. Trailing yield: 6.7%. Lower than top quartile of Sri Lankan dividend payers (8.6%). Lower than average of industry peers (8.5%). Reported Earnings • Feb 13
Third quarter 2024 earnings released: EPS: LK₨0.53 (vs LK₨0.76 in 3Q 2023) Third quarter 2024 results: EPS: LK₨0.53 (down from LK₨0.76 in 3Q 2023). Revenue: LK₨3.01b (up 18% from 3Q 2023). Net income: LK₨269.9m (down 30% from 3Q 2023). Profit margin: 9.0% (down from 15% in 3Q 2023). The decrease in margin was driven by higher expenses. Reported Earnings • Nov 15
Second quarter 2024 earnings released: EPS: LK₨0.46 (vs LK₨0.85 in 2Q 2023) Second quarter 2024 results: EPS: LK₨0.46 (down from LK₨0.85 in 2Q 2023). Revenue: LK₨2.74b (up 12% from 2Q 2023). Net income: LK₨235.7m (down 46% from 2Q 2023). Profit margin: 8.6% (down from 18% in 2Q 2023). The decrease in margin was driven by higher expenses. Reported Earnings • Aug 05
First quarter 2024 earnings released: EPS: LK₨0.14 (vs LK₨0.33 in 1Q 2023) First quarter 2024 results: EPS: LK₨0.14 (down from LK₨0.33 in 1Q 2023). Revenue: LK₨2.14b (up 11% from 1Q 2023). Net income: LK₨70.2m (down 59% from 1Q 2023). Profit margin: 3.3% (down from 8.7% in 1Q 2023). The decrease in margin was driven by higher expenses. Upcoming Dividend • Jun 12
Upcoming dividend of LK₨0.49 per share at 6.3% yield Eligible shareholders must have bought the stock before 19 June 2023. Payment date: 11 July 2023. Payout ratio is a comfortable 13% but the company is not cash flow positive. Trailing yield: 6.3%. Lower than top quartile of Sri Lankan dividend payers (9.2%). Lower than average of industry peers (8.9%). Announcement • Jun 09
JAT Holdings PLC, Annual General Meeting, Jun 30, 2023 JAT Holdings PLC, Annual General Meeting, Jun 30, 2023, at 10:30 Sri Lanka Standard Time. Location: Company, at No. 351, Pannipitiya Road, Thalawathugoda Colombo Sri Lanka Agenda: To receive the Annual Report of the Board of Directors on the affairs of the Company and its subsidiaries, the Financial Statements for the year ended 31st March 2023, and the report of the Auditors thereon; to re-elect Mr. Mututantrige Parakrama Devaka Cooray as a Director, in terms of Articles 88(i) and 89 of the Articles of Association of the Company; to re-elect Mrs. Dayangani Priyanthi Pieris as a Director, in terms of Articles 88(i) and 89 of the Articles of Association of the Company; and to transact such other business matter. Reported Earnings • Jun 03
Full year 2023 earnings released: EPS: LK₨2.56 (vs LK₨2.47 in FY 2022) Full year 2023 results: EPS: LK₨2.56 (up from LK₨2.47 in FY 2022). Revenue: LK₨10.2b (up 14% from FY 2022). Net income: LK₨1.31b (up 7.4% from FY 2022). Profit margin: 13% (in line with FY 2022). Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to LK₨16.00, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 5x in the Chemicals industry in Sri Lanka. Total loss to shareholders of 27% over the past year. Reported Earnings • Feb 07
Third quarter 2023 earnings released: EPS: LK₨0.76 (vs LK₨0.63 in 3Q 2022) Third quarter 2023 results: EPS: LK₨0.76 (up from LK₨0.63 in 3Q 2022). Revenue: LK₨2.55b (up 11% from 3Q 2022). Net income: LK₨386.4m (up 21% from 3Q 2022). Profit margin: 15% (up from 14% in 3Q 2022). The increase in margin was driven by higher revenue. Upcoming Dividend • Dec 05
Upcoming dividend of LK₨0.45 per share Eligible shareholders must have bought the stock before 12 December 2022. Payment date: 30 December 2022. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 6.9%. Lower than top quartile of Sri Lankan dividend payers (8.5%). Higher than average of industry peers (5.5%). Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improved over the past week After last week's 16% share price gain to LK₨12.50, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 4x in the Chemicals industry in Sri Lanka. Total loss to shareholders of 38% over the past year. Reported Earnings • Nov 20
Second quarter 2023 earnings released: EPS: LK₨0.85 (vs LK₨0.49 in 2Q 2022) Second quarter 2023 results: EPS: LK₨0.85 (up from LK₨0.49 in 2Q 2022). Revenue: LK₨2.46b (up 42% from 2Q 2022). Net income: LK₨434.9m (up 81% from 2Q 2022). Profit margin: 18% (up from 14% in 2Q 2022). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improved over the past week After last week's 31% share price gain to LK₨15.80, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 6x in the Chemicals industry in Sri Lanka. Total loss to shareholders of 28% over the past year. Reported Earnings • Aug 09
First quarter 2023 earnings released: EPS: LK₨0.33 (vs LK₨0.42 in 1Q 2022) First quarter 2023 results: EPS: LK₨0.33 (down from LK₨0.42 in 1Q 2022). Revenue: LK₨1.94b (up 24% from 1Q 2022). Net income: LK₨169.0m (down 16% from 1Q 2022). Profit margin: 8.7% (down from 13% in 1Q 2022). The decrease in margin was driven by higher expenses. Recent Insider Transactions • Aug 03
Founder recently bought LK₨4.8m worth of stock On the 29th of July, Aelian Gunawardene bought around 379k shares on-market at roughly LK₨12.60 per share. This was the largest purchase by an insider in the last 3 months. Aelian has been a buyer over the last 12 months, purchasing a net total of LK₨57m worth in shares. Upcoming Dividend • Jun 27
Upcoming dividend of LK₨0.38 per share Eligible shareholders must have bought the stock before 04 July 2022. Payment date: 25 July 2022. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 4.8%. Lower than top quartile of Sri Lankan dividend payers (9.1%). Lower than average of industry peers (7.9%). Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorated over the past week After last week's 16% share price decline to LK₨10.50, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 5x in the Chemicals industry in Sri Lanka. Announcement • Jun 09
JAT Holdings Plc, Annual General Meeting, Jun 30, 2022 JAT Holdings Plc, Annual General Meeting, Jun 30, 2022, at 10:30 Indian Standard Time. Location: No. 351,Pannipitiya Road, Thalawathugoda Colombo Sri Lanka Agenda: To receive the Annual Report of the Board of Directors on the affairs of the Company and its subsidiaries, and the Financial Statements for the year ended 31st March 2022 and the report of the Auditors thereon; to re-elect Directors; to authorize the Board of Directors to determine donations for the year ending 31st March 2023 and up to the date of the next Annual General Meeting; and to consider any other matters. Reported Earnings • May 21
Full year 2022 earnings released: EPS: LK₨2.47 (vs LK₨1.31 in FY 2021) Full year 2022 results: EPS: LK₨2.47 (up from LK₨1.31 in FY 2021). Revenue: LK₨8.90b (up 66% from FY 2021). Net income: LK₨1.22b (up 103% from FY 2021). Profit margin: 14% (up from 11% in FY 2021). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 16% share price gain to LK₨15.10, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 7x in the Chemicals industry in Sri Lanka. Recent Insider Transactions • May 03
Founder recently bought LK₨514k worth of stock On the 27th of April, Aelian Gunawardene bought around 45k shares on-market at roughly LK₨11.50 per share. This was the largest purchase by an insider in the last 3 months. Aelian has been a buyer over the last 12 months, purchasing a net total of LK₨52m worth in shares. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment deteriorated over the past week After last week's 23% share price decline to LK₨16.00, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 8x in the Chemicals industry in Sri Lanka. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 16% share price decline to LK₨21.00, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 8x in the Chemicals industry in Sri Lanka. Recent Insider Transactions • Feb 05
Founder recently bought LK₨30m worth of stock On the 1st of February, Aelian Gunawardene bought around 1m shares on-market at roughly LK₨29.96 per share. This was the largest purchase by an insider in the last 3 months. Aelian has been a buyer over the last 12 months, purchasing a net total of LK₨51m worth in shares. Recent Insider Transactions • Feb 05
Founder recently bought LK₨30m worth of stock On the 1st of February, Aelian Gunawardene bought around 1m shares on-market at roughly LK₨29.96 per share. This was the largest purchase by an insider in the last 3 months. Aelian has been a buyer over the last 12 months, purchasing a net total of LK₨51m worth in shares. Upcoming Dividend • Jan 31
Inaugural dividend of LK₨0.25 per share Eligible shareholders must have bought the stock before 07 February 2022. Payment date: 28 February 2022. The company is not currently making a profit and is not cash flow positive. The company last paid an ordinary dividend in . The average dividend yield among industry peers is 5.2%. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improved over the past week After last week's 22% share price gain to LK₨29.00, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 11x in the Chemicals industry in Sri Lanka. Recent Insider Transactions • Dec 13
Founder recently bought LK₨22m worth of stock On the 6th of December, Aelian Gunawardene bought around 979k shares on-market at roughly LK₨22.00 per share. This was the largest purchase by an insider in the last 3 months. This was Aelian's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Aug 31
Investor sentiment improved over the past week After last week's 16% share price gain to LK₨24.10, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 8x in the Chemicals industry in Sri Lanka. 
