Integrated Annual Report 2022/23

GRI: 2-6


Building great businesses with a dare to do spirit


To always follow ethical business principles in transacting and managing business

Caring for stakeholders' interests

Commitment to excellence

Innovation and entrepreneurship


Spearheaded by EFL Global, a world-leading service-driven logistics player ensuring safe, transparent, and on-time delivery of millions of products to our customers, every single day.

  • Contributed 98.4% of Group revenue in FY 2023
  • Operational in 39 countries across 4 continents
  • Ranked amongst the leading global air and ocean freight forwarders
  • Asset-light and customer-focused
  • Working with leading global retail brands in North America
  • Serving major manufacturing hubs of Asia, Africa, and Latin America
  • Partnered with the largest air and sea freight carriers
  • Growing domestic logistics capabilities in North America and Sri Lanka
  • Acquisitions strengthening expansion in largest consumer markets: USA, Europe, and Asia


  • Air Freight
  • Ocean Freight
  • Consolidation services - CFS
  • Warehousing
  • Cross Dock and Transloading
  • Drayage
  • Brokerage
  • 3PL

Industry verticals

  • Apparels
  • Technology
  • Home furnishing
  • Auto spares
  • Pharmaceuticals
  • Perishables


Led by Classic Travel, Sri Lanka's largest travel company.


  • Sri Lanka
  • India
  • Bangladesh
  • United Arab Emirates


  • Corporate travel
  • Outbound leisure
  • Inbound destination management
  • Visa solutions
  • Ground services


Operations centred on two key growth verticals: international trading and Information Technology services.


  • Middle East
  • United States
  • Europe


  • Trading: Trading of fresh produce, dried foods, and value added exports.
  • IT: end-to-end IT solutions that support digital transformation.

Stable performance

  • Rs. 546 Bn. Revenue
  • Rs. 105 Bn. Gross Profit
  • GP Margin grew to 19.3%
  • Strong returns with EPS of Rs. 15.88

Capabilities for the future

  • Capabilities for the future
  • Continued deployment of technology capabilities
  • 564% growth in training investment
  • 16.6% growth in workforce
  • 02 acquisitions completed, valued at USD 106.6 Mn.

Sustainable operations

  • 42.4% reduction in Gross GHG Emissions (Scope 1 to 3)
  • 19% increase in renewable energy generation