Integrated Annual Report 2022/23

GRI: 2-1

Founded in 1978 alongside Sri Lanka’s move toward market liberalisation and re-entry into the global economy, Expolanka Holdings PLC has a long and storied history extending over four decades. What began as an enterprising endeavor involving a variety of investments, has grown in focus over the years. We have since realigned our portfolio, deployed world-leading innovation, displayed remarkable stability and resilience, and nurtured our businesses to excel on the global stage.


5-year summary – key financial/non-financial indicators

2022/23 2021/22 2020/21 2019/20 2018/19
Revenue (Rs. Bn.) 546 694 219 103 95 
EBIT Margin (%) 7.24 12.50 7.72 0.63  3.42 
Net Profit (Rs. Bn.) 31.0 72.7 14.8 (0.4) 1.9 
Return on Equity (ROE) (%) 22.67 95.95 74.01 -3.06  12.81 
Return on Capital Employed (ROCE) (%) 16.14 56.41 42.91 -0.29 10.47 
Debt to Equity (%) 21.29 74.09 67.15 95.05 33.77 

A Platform For Scale

Our story is one of continuous growth. The Group adopts a business model to scale and expand businesses within its portfolio; enabling the organisation to venture into new international markets, expanding service portfolio, leveraging synergies between business units, and ultimately creating exceptional value for our stakeholders.

With years of experience, trust and integrity established through sound corporate governance, strength of an international logistics conglomerate, and dynamism of an international brand, Expolanka is a constantly evolving and growing organism.

A Story of Growth

Driven by a dynamic growth-focused strategy, the Group now has a footprint in 39 countries across 4 continents. With 92% of our revenue derived through international markets, Expolanka group continues to grow in the Americas region, Europe, Asia, and Africa; covering the largest manufacturing and consumer markets in the world.