Statement of Financial Position

(All Amounts in Sri Lanka Rupees Million)

		Group		Company
As at 31 December	Notes	2025	2024	2025	2024
Assets
Non-current assets
Property, plant and equipment	14	161,002	172,637	119,933	127,935
Investment properties	15	856	946	2,906	3,044
Right of use asset	16	6,687	5,360	541	223
Intangible assets and Goodwill	17	14,027	10,606	2,441	2,860
Investments in subsidiaries	18.1	–	–	14,429	14,341
Investments in joint venture	18.2	568	515	568	515
Deferred tax assets	26	97	14	–	–
Equity instruments designated at fair value through OCI	19	6	3	–	–
Contract cost assets	27(a)	1,290	1,013	197	218
Other receivables	21	3,549	3,353	3,549	3,353
Total non-current assets		188,082	194,447	144,564	152,489
Current assets
Inventories	22	3,209	3,143	2,503	2,204
Trade and other receivables	23	28,496	30,733	21,358	21,658
Current tax receivable		578	274	335	235
Contract cost assets	27(a)	919	1,150	65	132
Other investments	20	3,131	868	3,092	830
Cash and balances with banks	24	9,935	8,546	2,220	3,347
Total current assets		46,268	44,714	29,573	28,406
Total assets		234,350	239,161	174,137	180,895
Equity
Capital and reserves
Stated capital	33	18,049	18,049	18,049	18,049
Insurance reserve	32	300	300	300	300
Foreign currency translation reserve		(3)	–	–	–
Retained earnings		82,454	73,002	57,565	51,893
Equity attributable to equity holders of the parent		100,800	91,351	75,914	70,242
Non controlling interest		129	124	–	–
Total equity		100,929	91,475	75,914	70,242
Liabilities
Non-current liabilities
Grants	31	103	111	–	–
Borrowings	25	54,360	57,360	47,450	49,500
Vendor financing	29	–	7,502	–	7,502
Lease liability	16	4,447	3,892	47	22
Contract liabilities	27(b)	2,425	2,425	2,425	2,425
Deferred income	27	97	119	97	119
Deferred tax liabilities	26	12,605	11,626	10,372	8,586
Employee benefits	30	6,776	6,317	5,577	5,272
Trade and other payables	28	2,034	3,517	1,106	2,528
Total non-current liabilities		82,847	92,869	67,074	75,954
Current liabilities
Borrowings	25	14,089	13,679	5,645	6,598
Vendor financing	29	776	6,536	–	2,015
Lease liability	16	2,763	1,982	501	295
Contract liabilities	27(b)	1,226	1,330	1,193	1,218
Deferred income	27	2,706	2,619	23	23
Current tax liabilities		249	83	–	–
Trade and other payables	28	28,765	28,588	23,787	24,550
Total current liabilities		50,574	54,817	31,149	34,699
Total liabilities		133,421	147,686	98,223	110,653
Total equity and liabilities		234,350	239,161	174,137	180,895

The notes on pages 211 to 282 form an integral part of these Financial Statements.

I certify that these Financial Statements have been prepared in compliance with the requirements of the Companies Act No. 07 of 2007.

The Board of Directors is responsible for these Financial Statements. These Financial Statements were approved by the Board of Directors on 14 May 2026.

Signed for and behalf of the Board.