Lion Brewery (Ceylon) (LION.N0000) Q4 24/25 earnings summary

Executive summary

• Domestic macroeconomic stability persisted, but global volatility and a January 2025 excise duty hike pressured volumes and affordability in the legal alcoholic beverage segment.

• Corporate income tax rate increased from 40% to 45% effective April 2025, with LKR 97 Bn in taxes contributed during FY 2024/25.

• Cost and cash management initiatives and digital transformation efforts continued to support future growth.

Financial highlights

• Group revenue for FY 2024/25 rose 12% year-over-year to LKR 123.4 Bn; gross profit up 9% to LKR 28.8 Bn.

• Profit after tax increased 13% year-over-year to LKR 9.5 Bn; EPS at LKR 118.86, up from LKR 105.04.

• Net assets per share increased to LKR 430.25 from LKR 345.00 year-over-year.

• Cash and cash equivalents at year-end rose to LKR 13.4 Bn from LKR 9.5 Bn year-over-year.

Outlook and guidance

• First quarter FY 2025/26 outlook remains uncertain due to continued volume and margin pressure from tax increases.