Union Chemicals Lanka : Interim Financial Statements for the period ended 25th June, 2025

Interim Financial Statements for the Period - Ended 25th June 2025

UNION CHEMICALS LANKA PLC.

Converting Science to Technology

Reg.No: PQ 140

No 04 5th Floor, Tickell Road, Colombo 08

Telephone: [phone],

Fax: [phone]

E-Mail:[e-mail]

STATEMENT OF COMPREHENSIVE INCOME
For The Period Ended 25Th June, Quarter		Quarter	Six Months	Six Months	Year
	Ended	Ended	Ended	Ended	Ended
	2025	2024	2025	2024	2024
					Audited
Continuing Operations	Rs.'000	Rs.'000	Rs.'000	Rs.'000	Rs.'000
Revenue	366,415	330,732	816,072	884,466	1,650,274
Cost of Sales	(263,792)	(247,447)	(600,673)	(659,178)	(1,217,556)
Gross profit/(loss)	102,623	83,285	215,399	225,288	432,718
Income from Investment in properties	2,757	2,078	4,596	3,332	8,602
Other operating income	1,478	1,637	2,412	2,121	4,709
Selling expenses	(5,345)	(6,897)	(11,604)	(12,721)	(33,230)
Administrative expenses	(29,147)	(26,391)	(56,156)	(55,709)	(109,547)
Results from Operating Activities	72,366	53,712	154,647	162,311	303,252
Financing income	11,719	7,018	21,959	17,180	32,990
Exchange gain /(loss)	748	1,245	1,663	5,347	6,944
Financing cost	(156)	(60)	(238)	(178)	(287)
Net financing cost	12,311	8,203	23,384	22,349	39,647
Profit before tax	84,677	61,915	178,031	184,660	342,899
Income tax expense	(28,791)	(21,134)	(60,319)	(62,492)	(103,577)
Profit for the period	55,886	40,781	117,712	122,168	239,322
Acturial gain/(loss) employee benefits	-	-	-	-	(1,756)
Total comprehensive income for the perio	55,886	40,781	117,712	122,168	237,566
Earnings per Share (Rs.)	37.26	27.19	78.47	81.45	159.55

The above figures are provisional and unaudited unless stated otherwise. Figures in brackets indicate deductions.

STATEMENT OF FINANCIAL POSITION
	As at	As at	As at
As at 25thJune,	2025 Rs.'000	2024 Rs.'000	2024 Audited Rs.'000
Assets Property, plant & equipment	265,212	263,073	264,477
Inv estment in properties	66,981	70,257	68,619
Intangible assets	-	-	-
Retirement benefit assets	7,129	6,259	7,092
Financial assets	40,000	40,000	40,000
Other financial assets	416	125	644
Total non-current assets	379,738	379,714	380,832
Current assets Inventories	441,159	511,983	412,901
Trade and other receivables	319,558	250,124	284,633
Financial Assets	288,987	190,122	339,150
Cash and cash equiv alents	216,024	58,803	71,376
Total current assets	1,265,728	1,011,032	1,108,060
Total assets	1,645,466	1,390,746	1,488,892
Equity & liabilities Equity Stated capital (1,500,000 ordinary shares)	15,000	15,000	15,000
Retained earnings	1,315,844	1,177,234	1,252,132
Equity attributable to owners of the Company	1,330,844	1,192,234	1,267,132
Non-current liabilities Retirement benefit Obligations	26,893	21,729	25,435
Deferred tax liability	15,845	17,499	15,846
Total non-current liabilities	42,738	39,228	41,281
Current liabilities Bank overdrafts	56,020	4,565	108
Loans and borrowings	22,393	-	-
Trade & other payables	117,779	82,820	118,344
Income tax payable	59,006	61,261	49,410
Dividend payable	16,686	10,638	12,616
Total current liabilities	271,884	159,284	180,478
Total equity & liabilities	1,645,466	1,390,746	1,488,892
	Rs.	Rs.	Rs.
Net Assets per Share	887.23	794.82	844.75

The above figures are provisional and unaudited unless stated otherwise.

I certify that these financial statements comply with the requirement of Companies Act No 07 of 2007.

(Sgd.)
UL Pushpakumara
Finance Manager	(Sgd.)	(Sgd.)
29th July 2025	W. Malwattege	H.A.D.U.G Gunasekera

Director Managing Director

The above figures are provisional and unaudited unless stated otherwise. Figures in brackets indicate deductions.

STATEMENT OF CHANGES IN EQUITY

As at 25th June,	Stated Capital	Retained Earnings	Total
	Rs.'000	Rs.'000	Rs.'000
Balance as at 26th December, 2023	15,000	1,095,566	1,110,566
Profit for the period ended 25th December , 2024	-	239,322	239,322
Other comprehensive income/ (Expenses)	-	(1,756)	(1,756)
Final dividend - 2023 (Rs. 27.00)	-	(40,500)	(40,500)
Interim dividend - 2024 (Rs. 27.00)	- (40,500)		(40,500)
Balance as at 25th December 2024	15,000 1,252,132		1,267,132
Balance as at 26th December, 2023	15,000	1,095,566	1,110,566
Profit for the year ended 25th June. , 2024	-	122,168	122,168
Final dividend - 2023 (Rs. 27.00)	(40,500)		(40,500)
Balance as at 25th June, 2024	15,000	1,177,234	1,192,234
Balance as at 26th December, 2024	15,000	1,252,132	1,267,132
Profit for the year ended 25th Jun , 2025	-	117,712	117,712
Final dividend - 2024 (Rs. 27.00)	(54,000)		(54,000)
Balance as at 25th June, 2025	15,000 1,315,844		1,330,844

The above figures are provisional and unaudited unless stated otherwise. Figures in brackets indicate deductions.

STATEMENT OF CASH FLOW

For The Period Ended 25Th June, Cash flows from operating activities	2025 RS.'000	2024 RS.'000
Profit before Tax	178,031	184,661
Adjustment for: Depreciation on property, plant and equipments	7,797	8,090
Depreciation on inv estment properties	1,638	1,638
Impairment loss/(reversal) of trade receivables	(6,356)	361
Provision for retirement gratuity	2,790	2,090
(Gain)/Loss on disposal of property, plant and equipment	-	-
(Gain)/Loss on transaction in foreign currency	-	-
Interest income	(21,959)	(17,180)
Interest expense	238	178
Operating profit before working capital changes	162,179	179,838
(Increase)/Decrease in inventories	(28,263)	(6,190)
(Increase)/Decrease in trade and other receivables	(24,237)	(51,085)
Increase/(Decrease) in trade and other payables	12,293	(23,217)
Cash flows from operating activities	121,972	99,346
Retiring gratuity paid	(1,332)	(420)
Contribution paid to the plan assets	(37)	(28)
Income tax paid	(50,725)	(49,304)
Interest paid	(238)	(444)
Net cash flows from operating activities	69,640	49,150
Cash flows from investing activities Inv estment in financial assets	(8,542)	(59,982)
Purchase & construction of property, plant and equipment	50,163	(503)
Purchase of intangible asset	-	-
Proceeds from disposal of property, plant and equipment	-	-
Interest income receiv ed	4,773	19,771
Net cash flows from investing activities	46,394	(40,714)
Cash flows from financing activities loans obtained during the year	285,062	366,480
Repayment of loans	(262,658)	(366,480)
Staff loans (granted)/recov ered	228	125
Dividend paid	(49,930)	(37,443)
Net cash inflows from financing activities	(27,298)	(37,318)
Net increase/(decrease) in-cash & cash equiv alents	88,736	(28,882)
Cash & cash equiv alents at the beginning of the year	71,268	83,120
Cash & cash equiv alents at the end of the period	160,004	54,238
Analysis of cash and cash equivalents Cash in hand and at banks	216,024	58,803
Bank overdrafts	(56,020)	(4,565)
	160,004	54,238
The above figures are provisional and unaudited unless stated otherwise.
Figures in brackets indicate deductions.

Notes to the Financial Statements

1. Accounting Policies and Methods

   The Interim Financial Statements of the Company have been prepared on the basis of the same accounting policies and methods applied for the period ended 25th December 2023 and are in compliance with Sri Lanka Accounting Standards 34- Interim Financial Reporting.

2. Application of Sri Lanka Accounting Standards (SLFRS/LKRS)

   The Financial Statements for the period ended 25th December 2012 were the first Financial Statements prepared and presented in accordance with Sri Lanka Accounting Standards (SLFRS/LKRS) effective from 1st January 2012.

3. Segmental Information

   For The Period Ended 25Th June,

   Chemicals and plastics 2025 Latex Total Chemicals and plastics 2024 Latex Total Reportable segmental analysis

   Segment revenue	128,403	687,669	816,072	146,655	737,811	884,466
   Rent Income -IP	-	-	4,596	-	-	3,332
   Other operating income	206	2,206	2,412	175	1,946	2,121
   Depreciation on P.P.E	666	7,131	7,797	667	7,423	8,090
   Depreciation on IP	-	-	1,638	-	-	1,638
   Segment operating activ.	13,215	141,432	154,647	26,914	135,397	162,311
   Net finance cost	1,998	21,386	23,384	3,706	18,643	22,349
   Segment profit before tax	15,213	162,818	178,031	30,620	154,040	61,915
   As at 25th June, Property, plant	22,663	242,549	265,212	21,703	241,370	263,073
   Investment in properties	5,724	61,257	66,981	5,796	64,461	70,257
   Retirement benefit asset.	609	6,520	7,129	516	5,743	6,259
   Financial and other asset.	3,454	36,962	40,416	3,310	36,815	40,125
   Inventories	37,698	403,461	441,159	42,237	469,746	511,983
   Financial Assets	24,694	264,293	288,987	15,685	174,437	190,122
   Trade and other	50,280 269,278		319,558	41,474	208,650 250,124
   Segment assets	145,122 1,284,320		1,429,442	130,721	1,201,222 1,331,943
   Loans and borrowings 1,914 20,479			22,393	-	- -
   Trade and other payable 10,064 107,715			117,779	6,832	75,988 82,820
   Segment liabilities 11,978 128,194			140,172	6,832	75,988 82,820

   The above figures are provisional and unaudited unless stated otherwise. Figures in brackets indicate deductions.

4. Related Party Transactions

   There have not been any significant changes in the nature of the related party transactions which were disclosed in the Annual Report as at 25th December 2024.

5. Events Occurring after the Balance Sheet Date

   Subsequent to the date of the balance sheet, no events have arisen which require adjustment and/or disclose in the Financial Statements.

6. Contingencies

   There were no changes in the nature of contingent liabilities, which were disclosed in the Annual Report for the year ended 25th December, 2024 other than mentioned below.

7. Market Value per Share during the quarter

	25th June 2025 Rs.	25th June 2024 Rs.
- Highest Price	1,004.00	676.00
- Lowest Price	610.50	587.00
Closing Price as at June.	823.25	674.75
1.8 Directors Shareholding
	25th June 2025	25th June 2024
K. M Dissanayaka	-	-
H.A.D.U.G. Gunasekara (Managing Director)	638,622	638,622
People's Leasing & Finance PLC/Mr. H.A.D.U.G. GUnasekara	155,195	155,195
UL Pushpakumara	-	-
Wasantha Malwattege	-	-
Jagath Premachandra	-	-
Total	793,817	793,817
1.9 Public Holding
	25th June 2025	25th June 2024
Market Capitalisation Mn.	1,234.88	1,012.13
Float - adjusted market capitalisation Rs. Mn.	240.8	268.63
Number of public shareholders	1,022	830.00
Shares held by the public	26.54%	26.54%

The Company complies with option 5 of the listing rules 7.13.1 (a) as the company maintained the minimum public holding more than 20% and number of public shareholders more than 500.

1.10 Top 20 Shareholders as at 25th June, 2025

Names Mr. H.A.D.U.G. Gunasekara	No. of Shares 638,622	% 42.57
Estate of Late Mr Shabbir Husain Abbas Gulamhusein	223,560	14.90
People'S Leasing & Finance Plc/Mr. H.A.D.U.G. Gunasekara	155,195	10.35
Commercial Bank of Ceylon Plc/S.A. Gulamhusein	66,865	4.46
Mrs. K Gunaratnam	55,615	3.71
Mr. K.C. Vignarajah	44,354	2.96
Mr. K. Gunaratnam (Decd)	29,548	1.97
J.B. Cocoshell (Pvt) Ltd	23,878	1.59
Mr. U.I. Suriyabandara	19,151	1.28
Seylan Bank PLC/ Mrs. L.A.M. Gunasekara	12,295	0.82
Mr. J.P. Paul	10,388	0.69
Mrs. S. Mahendran	10,380	0.69
Mrs. S. Gunaratnam	9,687	0.65
Mrs. P.G. King	9,687	0.65
Ms. V. Gunaratnam	9,687	0.65
Colombo Investment Trust PLC	6,400	0.43
Colombo Fort Investments PLC	5,500	0.37
Mrs. L.A.M. Gunasekara	5,338	0.36
Mr. S.K. Hathramani (Deceased)	4,900	0.33
Mr. H. A. R. Pieris	4,000	0.27
	1,345,050