The Ministry of Ports and Civil Aviation says following the assumption of office by the new government, the Ports Authority recorded a post-tax net profit of Rs. 39 billion as of 31 October 2025. 

Issuing a statement, the ministry said that this reflects an increase of around Rs. 12 billion compared to the previous year’s post-tax net profit.

Accordingly, the Ports Authority announced that Rs. 5 billion from these profits will be transferred to the Consolidated Fund.

Of this, Rs. 2 billion was already contributed in September 2025, while a further Rs. 3 billion is scheduled to be transferred in December 2025.

The ministry added that the Sri Lanka Ports Authority had contributed approximately Rs. 10.3 billion to the Consolidated Fund as of 2024. (Newswire) 

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Deputy Minister of Industry and Entrepreneurship Development, Chathuranga Abeysinghe, says a massive profit of Rs. 227 billion has been made for the Treasury from Government-Owned Businesses.

In a statement on social media, the Deputy Minister said the overall profit has decreased compared to last year, primarily due to the non-revision of electricity tariffs and the foreign exchange profit of Sri Lankan Airlines.

Chathuranga Abeysinghe further said that this wealth is created from the capital of the public and in line with market needs and efficiencies. 

“There are several loss-making businesses that were rendered inefficient by corrupt and incompetent individuals. A restructuring process has now begun to make these businesses profitable,” he said. 

Chathuranga Abeysinghe went on to note that the revenue the Treasury receives from state institutions can be further strengthened in the coming years. 

“You know that many are trying to hand over this public revenue to private capital. According to government policy, the market in this country should function efficiently through the three models: State, Private, and Cooperative,” he added. 

Deputy Minister of Industry and Entrepreneurship Development, Chathuranga Abeysinghe, made the remarks in response to a news report that Sri Lanka’s State-Owned Enterprises posted a mixed financial performance during the first half of 2025, with overall profits declining to Rs. 227.8 billion from Rs. 280.7 billion a year earlier. (Newswire)

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The Ceylon Electricity Board (CEB) has reported a profit of Rs. 5.31 billion for the financial quarter ending June 30, 2025.

This marks a significant turnaround, considering the Board recorded a loss of Rs. 18.47 billion in the previous quarter ending March 31, 2025.

Analysts attribute this recovery to the electricity tariff revision implemented in June 2025, which enabled the CEB to return to a path of profitability.

However, when compared to the Rs. 34.53 billion profit recorded in the June 2024 quarter, the current quarter’s profit reflects an 85% decline.

Following the current government’s assumption of power, electricity tariffs were reduced by approximately 20% in January 2025—a move that largely contributed to the loss reported in the March 2025 quarter.

The International Monetary Fund (IMF) had also stated that Sri Lanka must reinstate cost-reflective electricity pricing to secure the next tranche of its Extended Fund Facility program.

Accordingly, a tariff adjustment was implemented in June 2025. (Newswire)

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The Bank of Ceylon (BOC) and the National Savings Bank (NSB) reported record-breaking profits for the year 2024, marking a milestone moment for Sri Lanka’s financial sector.

The BOC announced a staggering pre-tax profit of Rs. 106 billion, the highest ever recorded not only by a bank but by any institution, public or private, in Sri Lanka’s history. 

Meanwhile, the NSB posted a dramatic turnaround, reporting a pre-tax profit of Rs. 26.4 billion, a remarkable leap from Rs. 4.2 billion in 2023. 

The two state banks officially presented their annual reports to President Anura Kumara Dissanayake at the Presidential Secretariat today (22). 

The achievements, marked by robust fiscal discipline, strategic vision and public accountability, signal a renewed trajectory of confidence in state-owned banking institutions.

BOC Chairman Kavinda de Zoysa emphasized the significance of this financial milestone, stating, “This is a historic record as the BOC recorded the highest profit before tax of Rs. 106 billion, the highest profit achieved by any institution, bank or company in Sri Lanka in its entire history.” He credited the bank’s strategic focus on national development and SME support, adding, “BOC continues as the largest SME and development bank in the country with the best business rehabilitation unit which is futuristic and supports the entire nation.”

NSB Chairman Dr. Harsha Cabral attributed this growth to prudent fiscal governance and effective stakeholder collaboration. “The National Savings Bank recorded the highest ever profit before tax of Rs. 26.4 billion for the year 2024. This is a momentous success and a major increase from the Rs. 4.2 billion in 2023,” he said. “The success of NSB is mainly due to the financial discipline and macroeconomic stability of the country. I dedicate this achievement to the entire NSB family, including our employees, board of directors, senior staff, customers and all stakeholders who support us directly or indirectly.”

Dr. Cabral highlighted that NSB is no longer a burden on the state. “We are a self-sustaining success story and not a burden on the Treasury anymore. With professional management and financial discipline, the NSB has achieved its targets and hopes to exceed them in 2025,” he noted. He also pointed to internal reforms and staff incentives that bolstered morale and productivity. In 2024, NSB’s workforce was streamlined from 4,600 to 4,200 while maintaining a 262-branch network. Employees were rewarded with a five-month bonus, and gold coins were reintroduced for long service recognition after a five-year gap.

Both chairmen underscored a rare but significant aspect of their governance: neither they nor their board members draw a salary for their service. “Our reward is the institution’s success and its contribution to national development,” Cabral remarked, a sentiment echoed by de Zoysa as a model of civic-minded leadership.

President Anura Kumara Dissanayake commended the accomplishments of both institutions, stating, “These banks demonstrate how strategic leadership and ethical governance can transform public institutions into pillars of national strength. Their performance is a beacon of what’s possible in Sri Lanka’s economic future.” 

With an eye on 2025, BOC is set to expand its digital infrastructure to enhance accessibility and customer service, while NSB plans to refine its operations further, guided by corporate governance best practices. (Newswire)

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Sri Lanka Cricket (SLC) has recorded a net income of Rs. 12.1 billion for the fiscal year 2023, reflecting a 105 per cent increase compared to the previous year.

According to an SLC statement, the membership of Sri Lanka Cricket has unanimously adopted the audited financial statements for the fiscal year 2023.

The audited financial statements were approved during an Extraordinary General Meeting (EGM) held on August 24, 2024, in Colombo. 

The significant rise in net income was primarily attributed to four key revenue streams: international cricket, domestic cricket, sponsorship agreements, and annual disbursements from the ICC. 

The National Audit Office has provided an unqualified opinion in its Auditor’s Report regarding the financial statements of Sri Lanka Cricket for the year ending December 31, 2023, the SLC statement read. 

Commenting on the audited financial statements, SLC President Shammi Silva has stated that the unqualified opinion from the National Audit Office serves as a testament to the organization’s adherence to Sri Lankan laws and its commitment to financial transparency. (Newswire)

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The net profit of Rs 93 Billion recorded by June 2024 by the Ceylon Electricity Board (CEB) has been used to settle payments for various power projects, Minister of Power and Energy Kanchana Wijesekera said. 

Taking to ‘X’, the minister said the net profit was utilized to pay the outstanding amounts to renewable energy developers, thermal power plants, coal procurement, local suppliers, dues to major projects, rooftop solar, and short-term banking facilities. 

Minister Wijesekera further said the electricity consumer tariffs have been revised and reduced considering the other profits after the settlement of payments.

The minister’s clarification comes after it was reported that the CEB has reported a net profit after taxes in the April-June quarter of this year and that the net profit was reported after paying Rs. 34.53 billion in taxes.

Previously, the CEB reported a net profit after taxes of Rs.  84.67 billion in the January – March quarter. It was further reported that the CEB has recorded a total profit of Rs. 119.20 billion in the first half of 2024. (Newswire)

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The Ceylon Electricity Board (CEB) has reported a net profit after taxes in the April- June quarter of this year.

According to the CEB, the net profit was reported after paying Rs. 34.53 billion in taxes.

Previously, the CEB reported a net profit after taxes of Rs.  84.67 billion in the January – March quarter.

The CEB has recorded a total profit of Rs. 119.20 billion in the first half of 2024. 

The net profit of Rs. 34.53 billion reported in the June quarter of 2024 was a 67.2% increase compared to the Rs. 20.65 billion reported in the June quarter of 2023. (Newswire)

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The Ceylon Petroleum Corporation (CPC) has reported its fuel cost breakdown as of 18th February 2023, reporting a profit for Petrol 92 and Auto Diesel.

Minister of Power and Energy Kanchana Wijesekera revealed that a profit of Rs. 16.21 has been earned per litre of Petrol 92, while a profit of Rs. 3.25 has been earned for Auto Diesel. 

A profit of Rs. 109.44 has been earned per litre of Petrol 95 and a profit of Rs. 11.64 for Lanka Super Diesel.

Minister Wijesekera pointed out that, however, a loss of Rs. 21.49 has been incurred per litre of Kerosene. (NewsWire)

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