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Vallibel One
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Vallibel One
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Vallibel One PLC is one of Sri Lanka's largest conglomerate companies. The company controls a chain of subsidiaries and listed on the Colombo Stock Exchange since 2011. The company has controlling stakes in LB Finance, Royal Ceramics Lanka, and Delmege Group. The company was included in S&P Sri Lanka 20 Index in 2018.[2] Vallibel One is one of the LMD 100 companies in Sri Lanka.[3]

Key Information

History

[edit]

The Vallibel One PLC was founded by Sri Lanka business tycoon Dhammika Perera in 2010. In 2010, the company acquired Royal Ceramics Lanka PLC, LB Finance PLC, and Greener Water Limited as its subsidiary companies and a stake in Sampath Bank as a long-term strategic investment. Royal Ceramics Lanka PLC was listed under Forbes “Asia’s Best Under a Billion” during the year. In 2011, Vallibel One PLC acquired Delmege Group, a highly diversified conglomerate. The company moved headquarters to a new 16-storey building in Kollupitiya. The company was awarded by LMD as the most respected finance company in Sri Lanka in 2019. The company is the fastest to cross the Rs. 1 billion profit mark in 2019.[4] In 2014, Australian gambling tycoon James Packer's Crown Casino planned to start a joint venture project with Vallibel One, its value more than US$300 million, but the project was rejected by the Government of Sri Lanka.[5] Dhammika Perera bought a majority stake in Hayleys Group and brought it under Vallibel One as a subsidiary in 2015.[6] The Fortress Resorts, a subsidiary of Vallibel One is planned to build a Rs 2 billion 5-star hotel in Weligama.[7] The company is also planned to construct a US$60 million integrated five star resort in Negombo. The project falls under the subsidiary, Greener Water and Singapore-based WATG carried out the initial designs.[8] Vallibel One's subsidiary, LB Finance recorded a Rs 7.8 billion profit before tax in 2018.[9] Vallibel One held a 15% stake in the third-largest private bank in Sri Lanka, Sampath Bank.[10]

Ceramics industry

[edit]

Vallibal One's main business is ceramics production. Royal Ceramics is Dhammika Perera's earliest start-up company. It is Sri Lanka's leading tile manufacturer. The company was established in 1990. The first factory is located in Eheliyagoda. Royal Ceramics is branded under the trade name "Rocell". This was followed by the commencement of Royal Porcelain (Pvt) Limited in 2002, Rocell Bathware in 2009 and the acquisition of Lanka Ceramics in 2013 through which the brand 'Lanka Tiles' became part of the Rocell Group of Companies, further strengthening the group's competitive position in the tile industry. Rocell received the CNCI Award in 2019. Royal Ceramics' revenue rose to Rs. 31.5 billion at the end of 2019. Rocell was named as one of the top 20 best brands in Sri Lanka in 2018.[11]

Subsidiaries

[edit]
Subsidiary Sector Holding Market value LKR (mns)
Greener Water Hospitality 100% 3,269
Delmege Group Conglomerate 68.75% 2,648
Royal Ceramics Lanka Ceramics 55.96% 25,235
LB Finance Financial 51.75% 16,630
Associate company
The Fortress Resorts Hospitality 18.59% 258

Source: Annual Report, 2022/23[1]

Finances

[edit]
Financial summary
Year Revenue LKR (mns) EBIT LKR (mns) Profit LKR (mns) Capital employed LKR (mns) Equity LKR (mns) Earnings per share LKR
2023 116,855 30,671 17,433 167,261 119,382 8.36
2022 94,295 30,139 20,522 164,500 108,453 9.09
2021 81,035 22,472 14,823 131,480 94,190 7.13
2020 68,569 15,068 6,417 135,625 80,060 3.33
2019 66,691 14,989 6,742 123,665 71,493 3.72
2018 60,969 13,723 6,810 116,757 68,462 3.32
2017 52,936 10,535 4,629 103,304 60,512 0.59
2016 47,668 10,975 7,457 86,695 54,671 3.89
2015 43,450 7,546 5,202 74,956 47,968 2.66
2014 48,331 5,175 3,062 71,460 44,593 1.45

Source: Annual Report, 2022/23 (p. 354)[1]

References

[edit]
Revisions and contributorsEdit on WikipediaRead on Wikipedia

Vallibel One

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from Grokipedia
Vallibel One PLC is a diversified holding company based in , serving as the parent entity for a group of 56 subsidiaries and one associate operating across multiple sectors including lifestyle products, , , consumer goods, , and aluminum . Incorporated in 2010 and listed on the , the company oversees established businesses with roots dating back decades, such as Royal Ceramics Lanka PLC, which began operations in 1990 as the largest manufacturer of and tiles in the country, holding a 40% market share. Other key subsidiaries include PLC, a leading non-banking founded in 1971 with deposits of LKR 152.38 billion as of September 2025, and The Fortress Resorts PLC, which commands approximately 5% of 's luxury tourism market. The group employs 9,939 people and reported a turnover of LKR 122.8 billion and profit after tax of LKR 16.0 billion for the financial year ended 31 March 2025, underscoring its significant economic footprint. Under the leadership of Chairman , Vallibel One emphasizes innovation, digital transformation, and community investment, with initiatives totaling LKR 38 million for the financial year ended 31 March 2025, while achieving operational efficiencies like LKR 746 million in savings. Additional subsidiaries such as Delmege Limited, with a 175-year in consumer goods distribution, and Swisstek Aluminium Ltd, capturing 40% of the aluminum market with a 450 metric ton capacity, further diversify the portfolio and contribute to the company's position as one of Sri Lanka's premier conglomerates.

Overview

Company profile

Vallibel One PLC is a diversified founded in 2010 by Sri Lankan entrepreneur to consolidate and manage his growing portfolio of business interests. Headquartered at the World Trade Center in , , the company is publicly listed on the under the ticker symbol VONE.N0000. Vallibel One's operations span six key sectors: , , , , , and investments and others, reflecting its broad strategic focus within Sri Lanka's economy. The maintains a lean structure with approximately 72 direct employees, while its subsidiaries employ over 9,300 individuals in total as of 2024, underscoring its position as one of Sri Lanka's largest conglomerates by asset value. As a non-operational strategic , Vallibel One oversees 54 subsidiaries that drive the group's revenue and growth.

Leadership and governance

Vallibel One is led by , its founder, Chairman, and majority shareholder, who established the company in 2010 as a diversified investment holding entity. As a prominent Sri Lankan entrepreneur, Perera controls significant stakes in multiple conglomerates, including , and has built a portfolio spanning ceramics, finance, and other sectors through strategic investments. His leadership emphasizes long-term value creation and expansion, guiding Vallibel One's growth since its public listing on the in 2011. The board of directors comprises a mix of executive, non-executive, and independent members to ensure balanced oversight. As of September 2025, key executives include Chairman , Co-Chairman John Anthony Sunil Sumith Adhihetty, Managing Director Dinusha Bhaskaran, and Kawshi Amarasinghe. Non-executive directors feature Brindhiini Perera, while independent non-executive directors are Manil Jayesinghe, Anura S. Fernando, Kamani Devika Weerasinghe, Romany Parakrama, and Jonathan Alles. In January 2025, the board was revamped with four new independent appointments—Manil Jayesinghe, Romany Parakrama, Kamani Weerasinghe, and Anura Fernando—to support expansion initiatives and enhance expertise in finance, audit, and . Vallibel One's governance framework adheres to the Colombo Stock Exchange Listing Rules and the Code of Best Practice on Corporate Governance 2023, promoting transparency and accountability. The board maintains dedicated committees, including the Audit Committee for financial reporting oversight, the Remuneration Committee for executive compensation, the Nominations and Governance Committee for director selections, and the Related Party Transactions Review Committee for conflict management. The company emphasizes ethical investing through its Environmental, Social, and Governance (ESG) Sustainability Policy, which integrates responsible practices into operations and investment decisions to mitigate risks and foster sustainability. Succession planning is addressed in Vallibel One's policies, with the board required to consider plans for the Managing Director and personnel to ensure continuity. Family involvement is evident in the broader Perera group, where Dhammika Perera's daughter, Brindhiini Perera, serves as a , appointed in 2022 to support strategic roles across affiliated entities. This reflects a gradual integration of family members into positions within Perera's conglomerates.

History

Formation and early years

Vallibel One PLC was incorporated on 9 June 2010 as Vallibel One Limited under the Companies Act No. 07 of 2007 in , with the primary objective of centralizing and managing investments from prior entities controlled by entrepreneur . This formation followed Perera's acquisition of Vallibel Finance PLC (formerly The Rupee Finance Company) in 2005, which became a core asset under the new holding structure. In October 2010, Perera transferred his 51% stake in Royal Ceramics Lanka PLC—a key precursor in the ceramics sector—to Vallibel One for Rs. 9.2 billion, enabling initial integration of finance and manufacturing assets. The company was renamed Vallibel One PLC on 25 August 2011 and listed on the Stock Exchange's Diri Savi Board on 8 July 2011, marking its public debut as a diversified investment holding entity. During its formative phase from 2010 to 2012, Vallibel One focused on consolidating early holdings, including stakes in subsidiaries like PLC and the newly incorporated Greener Water Limited (100% owned, established in 2010/11), while establishing oversight of plantation investments through Horana Plantations PLC. Initial revenue streams derived primarily from these core acquisitions in finance and ceramics, supporting the company's role as an investment manager across emerging sectors. The entity navigated a post-conflict economic landscape in , where the end of the in 2009 spurred recovery but presented transitional challenges such as rebuilding infrastructure and stabilizing investor confidence amid global aftershocks. Regulatory hurdles for holding companies under the 2007 Companies Act required compliance with enhanced disclosure and standards to facilitate public listing and capital raising. Vallibel One's foundational vision, articulated during this period, emphasized achieving corporate uniqueness through diversity, leadership, creativity, and inspiration, positioning it as a conglomerate to drive sustainable growth in Sri Lanka's evolving economy. By 2018, the company's market performance led to its inclusion in the S&P SL20 Index, reflecting early consolidation successes despite the initial economic and regulatory environment.

Major expansions and acquisitions

Vallibel One PLC's growth trajectory began with key acquisitions in 2010, shortly after its incorporation, which laid the foundation for its diversified portfolio. The company acquired Royal Ceramics Lanka PLC, a leading ceramics manufacturer founded in 1990, establishing a strong foothold in the building materials sector. In the same year, it gained control of LB Finance PLC, tracing its origins to 1971 as a finance provider, enhancing its presence in . Additionally, Vallibel One acquired Greener Water Limited, focusing on investments, and secured an initial 14.99% stake in Sampath Bank PLC, Sri Lanka's third-largest private bank, as a strategic long-term . Following its listing on the in 2011, Vallibel One continued its expansion through targeted acquisitions. In June 2011, it purchased a 51% stake in Delmege Limited, a diversified conglomerate in consumer products, for Rs. 3.1 billion, broadening its reach into lifestyle and distribution sectors. Entry into the sector occurred in 2013 when Swisstek (Ceylon) PLC, a major producer of aluminium extrusions and roofing sheets, integrated into the group via subsidiary Royal Ceramics Lanka PLC. Similarly, the leisure arm expanded with an initial stake in The Fortress Resorts PLC, followed by an additional 5.35% acquisition in September 2014 for Rs. 119 million, supporting hotel developments like the Fortress Resort & Spa in . These moves exemplified Vallibel One's strategy of leveraging subsidiaries for sector-specific growth. The pace of acquisitions moderated during Sri Lanka's 2022 economic crisis, characterized by GDP contraction and currency depreciation, which constrained financing and market opportunities across sectors. However, post-crisis recovery enabled renewed activity, culminating in multiple high-profile deals in 2025. In July, Vallibel One acquired a controlling stake in East West Properties PLC for Rs. 3.23 billion, strengthening its portfolio. The year closed with , Vallibel One's chairman, securing a 40% stake in Harischandra Mills PLC for Rs. 2.57 billion in October, marking entry into textiles manufacturing. By 2025, these efforts expanded the group to approximately 54 subsidiaries across seven sectors, underscoring a diversification to mitigate sector-specific risks and capitalize on synergies. Vallibel One's expansion garnered recognition, including inclusion in the S&P 20 Index in 2018, reflecting its status among the Stock Exchange's top 20 companies by and liquidity. This milestone, along with consistent rankings as a leading conglomerate, highlighted the impact of its acquisition-driven growth.

Business operations

Ceramics and lifestyle products

Royal Ceramics Lanka PLC serves as the flagship subsidiary of Vallibel One in the ceramics and products segment, established in 1990 as Sri Lanka's largest manufacturer of and tiles as well as sanitaryware. The company operates under prominent brands such as Rocell and Lanka Tiles, producing a diverse range of wall and floor tiles, water closets, basins, and bathware designed for both residential and commercial applications. These products emphasize aesthetic innovation and durability, catering to needs while integrating with elements like fittings for hotels and cabin cruisers. The production facilities are strategically located in , Eheliyagoda, and Biyagama, equipped with advanced technology including Italian-sourced machinery to ensure high-quality output. Royal Ceramics maintains a substantial capacity of approximately 49,000 square meters of tiles per day (equivalent to a potential annual capacity of about 18 million square meters at full utilization), alongside a sanitaryware capacity of 35,000 pieces per month. These facilities support efficient operations through automated processes, enabling the company to meet domestic demand while allocating resources for exports. In the domestic market, Royal Ceramics holds a leading position with an estimated of 40% in the tile sector, bolstered by its innovative designs and extensive distribution network. Exports form a key growth avenue, targeting markets such as , the , , the , and the , where products are valued for their quality and competitive pricing. This international presence enhances Vallibel One's global footprint in lifestyle products. Recent innovations focus on , including the use of recycled materials in , exploration of tile programs, and lean production techniques to minimize waste. As of the 2024/25 financial year, the company has launched eco-friendly product lines with low-water usage and incorporates recycled materials, including internal of , as partial substitutes for virgin s. These advancements not only reduce the environmental impact of production but also position the segment as a core contributor to Vallibel One's overall revenue trends.

Financial services

Vallibel One's financial services operations are primarily conducted through its subsidiary PLC, which was established in 1971 and acquired by the group in 2010. provides a range of financial products including leasing for vehicles and property, hire purchase financing, term loans, gold loans, SME and microfinance lending, as well as fixed deposits and savings accounts. These services cater to both individual consumers and businesses, emphasizing accessible financing solutions in Sri Lanka's non-banking financial sector. LB Finance is licensed by the under the Finance Business Act No. 42 of 2011, ensuring compliance with national regulatory standards for deposit-taking and lending activities. The company has expanded into initiatives, including online applications and enhanced digital platforms for customer interactions, aligning with broader trends in Sri Lanka's financial sector toward improved digital . As of the 2024/25 financial year, LB Finance's total asset base reached Rs. 240 billion, reflecting significant growth driven by diversified lending portfolios. In the market, holds a prominent position as one of Sri Lanka's leading non-banking financial institutions (NBFIs), with a focus on SME and consumer lending that supports amid economic challenges. Its portfolio emphasizes secured lending, such as gold-backed and vehicle loans, which has contributed to strong asset quality and profitability, with net profit after tax rising 13% to Rs. 10.8 billion in 2024/25. Recent developments include 's voluntary in October 2025 to acquire all ordinary voting shares of Associated Motor Finance PLC, signaling strategic expansion through targeted investments in complementary financial entities. To manage risks associated with Sri Lanka's economic volatility, including inflation and currency fluctuations, employs a comprehensive integrated that addresses , , and operational risks through systematic identification, monitoring, and mitigation strategies. This approach enhances resilience, with a focus on maintaining robust asset quality and regulatory adherence during periods of macroeconomic uncertainty.

Other diversified sectors

Vallibel One has expanded into aluminium extrusion through its subsidiary Swisstek Aluminium Ltd, which manufactures high-quality aluminium profiles primarily for and automotive applications. Established in , the company holds approximately 40% market share in and has doubled its production capacity to 450 metric tons per month in recent years, focusing on precision-engineered, sustainable solutions that meet international standards. These operations complement the group's broader industrial portfolio by providing essential materials for building and infrastructure projects. In the leisure and hospitality sector, Vallibel One invests through extensions of the Delmege Group, including The Fortress Resorts PLC, which operates a 53-room luxury resort and in Koggala with three restaurants and wellness facilities. This subsidiary commands about 5% of the high-end market in , emphasizing experiential tourism and eco-friendly amenities. Additionally, via Greener Water Ltd, the group is developing luxury integrated resorts, including a planned 500-room in and a 228-room Ritz-Carlton in , with construction resuming and aiming for openings by the end of 2025 following prior delays. The consumer products division is anchored by Delmege Limited, which manages a diverse portfolio in (FMCG), distribution, and retail, representing global brands in , beverages, and items. With over 175 years of operations, Delmege Forsyth & Co. Ltd, a key entity under this umbrella, stands as one of Sri Lanka's largest FMCG players, distributing products through extensive networks to support everyday consumer needs. This segment drives retail innovation and market penetration, leveraging long-standing partnerships for reliable supply chains. Vallibel One's interests in power and water include hydroelectric generation through Vallibel Power Erathna PLC, Sri Lanka's largest publicly quoted mini company, operating three run-of-the-river plants with a combined capacity of 21.85 MW in regions like and . Incorporated in 2001 and listed in 2006, the Erathna plant, among its assets, has been a pioneer in since its commissioning around 2005. Greener Water Ltd also contributes to initiatives, aligning with the group's goals in resource purification and conservation, though its primary focus has shifted toward integrated resort developments. In 2025, Vallibel One pursued expansions in milling through group-associated stakes, notably Dhammika Perera's acquisition of a 40% stake in Harischandra Mills PLC for . 2.57 billion, enhancing the consumer products segment with and related goods production. These moves, including emerging interests in gaming as highlighted in regional industry recognitions, underscore synergies with core operations by diversifying revenue streams and integrating supply chains across industrial and consumer domains.

Corporate structure

Key subsidiaries

Vallibel One PLC serves as the for a diversified group comprising approximately 54 subsidiaries and associates, organized primarily by sectors such as , , , , and plantations. These entities report directly or indirectly to Vallibel One, with board representation ensuring strategic alignment and oversight. Key subsidiaries include Royal Ceramics Lanka PLC (55.96% ownership), which oversees ceramics manufacturing and distribution through sub-entities like Lanka Tiles PLC and Royal Porcelain (Pvt) Ltd; LB Finance PLC (51.75% direct ownership, with effective control through group holdings), a leading providing leasing and lending services; Delmege Limited (68.75% ownership), a diversified consumer goods trader with operations in shipping and products; and Greener Water Ltd (100% ownership), focused on and hospitality developments. Other notable entities encompass Swisstek Ltd (37.56% direct stake, with effective control through group holdings), Unidil Packaging Ltd (100% ownership), and Rocell Bathware Ltd (100% ownership), contributing to the group's , packaging, and bathware segments. Partial stakes are held in associates such as PLC (14.95% ownership), providing banking services that complement the group's financial operations, and The Fortress Resorts PLC (21.18% ownership), operating high-end hospitality properties. These partial investments allow Vallibel One to influence strategic decisions without full operational control. Inter-subsidiary synergies enhance group efficiency, with LB Finance PLC facilitating export financing and leasing for Royal Ceramics Lanka's international shipments, while shared distribution networks and R&D initiatives across lifestyle entities like Delmege and Unidil Packaging optimize supply chains. Plantations subsidiaries, including Vallibel Plantation Management Limited (100% owned), provide raw materials support to manufacturing arms. In 2025, the group expanded through Unidil Packaging Ltd's acquisition of Perfect Ltd, marking entry into East African markets, and increased its stake in Swisstek Ltd via a . Divestitures included the classification of Ever Paint and Chemical Industries (Pvt) Ltd and Rocell Pty Ltd as discontinued operations, streamlining non-core assets. No new wholly-owned subsidiaries were formed, but equity investments of Rs. 200 million in Greener Water Ltd strengthened leisure holdings.
SectorKey Subsidiaries/AssociatesOwnershipRole in Hierarchy
Lifestyle/CeramicsRoyal Ceramics Lanka PLC, Lanka Tiles PLC55.96%Direct reporting; sub-subsidiaries for production and export
FinanceLB Finance PLC, Sampath Bank PLC51.75% / 14.95%Core financial arm; associate for banking
Consumer/DiversifiedDelmege , Unidil Packaging Ltd68.75% / 100%Trading and support to group operations
Leisure/HospitalityGreener Water Ltd, The Fortress Resorts PLC100% / 21.18%Development and hotel management; associate influence
AluminiumSwisstek Aluminium Ltd37.56% with increased 2025 stake for control

Investments and partnerships

Vallibel One PLC maintains a strategic portfolio of minority stakes and joint ventures to enhance its exposure to high-growth sectors in and beyond, complementing its core holdings without full control. A key minority investment is its 14.95% stake in PLC, comprising 175,352,762 shares valued at LKR 21.48 billion as of March 31, 2025, providing significant banking sector exposure and dividend income of LKR 1.4 billion in FY2024/25. This stake, held since earlier acquisitions, underscores Vallibel One's interest in diversification. Additionally, through Chairman Dhammika Perera's , Vallibel One maintains indirect linkages to the Group, a major conglomerate in plantations, leisure, and consumer products, fostering synergies in diversified operations across . In joint ventures, Vallibel One pursues collaborative opportunities to expand internationally and mitigate operational risks. A notable example is its 50% ownership in Unidil Packaging Kenya Ltd., which acquired Perfect Packaging Ltd. in 2025, adding 1,000 metric tons of production capacity and strengthening export capabilities in . For ceramics, subsidiaries like Royal Ceramics Lanka PLC have formed export partnerships targeting markets in , the , , , and , with Lanka Tiles opening a showroom in the to facilitate over 25 container shipments monthly and upgrading facilities for large-format tiles. These alliances support 9% of sector revenue from exports, emphasizing quality standards and regional distribution networks. Recent 2025 developments highlight Vallibel One's aggressive expansion via non-controlling interests. Chairman , through , acquired a 40.58% stake in Harischandra Mills PLC for LKR 2.57 billion at LKR 3,300 per share in October 2025, adding exposure to the consumer goods and sectors; this is separate from Vallibel One's direct portfolio. No new gaming partnerships were announced in 2025, though historical interests in leisure and hospitality persist through minority stakes like 21.18% in Fortress Resorts PLC. Vallibel One's investment strategy centers on a portfolio management approach, targeting high-growth Sri Lankan sectors such as finance, manufacturing, and renewables, with total capital expenditure of LKR 74.7 billion in FY2024/25 to drive sustainable expansion. The company prioritizes regional diversification, including operations in Myanmar and Kenya, while adhering to periodic board reviews of strategic plans. This framework aids risk diversification by balancing exposure across six sectors—lifestyle, finance, aluminum, oil and fats, power and energy, and others—reducing reliance on any single industry amid economic volatility in Sri Lanka. For instance, investments in associates and quoted entities generated LKR 1.4 billion in dividends as of FY2024/25, buffering against sector-specific downturns.

Financial performance

Vallibel One Group's revenue has demonstrated steady growth over the past five years, achieving a (CAGR) of 12.27% from FY 2020/21 to FY 2024/25, driven by expansions in its core sectors. Total group revenue reached LKR 81.0 billion in FY 2020/21, rising to LKR 122.8 billion in FY 2024/25, surpassing the LKR 100 billion threshold annually since FY 2022/23. The revenue composition in FY 2024/25 included approximately 38% from the sector (encompassing ceramics and related products), 36% from , and 26% from other diversified areas such as aluminum and consumer goods. This breakdown reflects the group's strategic diversification, with ceramics contributing significantly to the lifestyle segment's share through subsidiaries like Royal Ceramics Lanka PLC. Profitability trends have shown resilience amid external challenges, including the 2022 Sri Lankan economic crisis, which led to subdued and elevated cost pressures. Net profit after tax (PAT) for the group stood at LKR 17.8 billion in FY 2022/23, dipped slightly to LKR 17.4 billion in FY 2023/24 due to crisis-related impacts on demand and supply chains, and recovered to LKR 16.0 billion in FY 2024/25, with profit attributable to equity holders increasing 18.9% year-over-year. EBITDA followed a similar trajectory, growing from LKR 33.2 billion in FY 2022/23 to LKR 35.3 billion in FY 2023/24 before stabilizing at LKR 34.5 billion in FY 2024/25, yielding net profit margins of around 13% in the latest year. underscoring improved operational efficiency post-crisis. Cost structures have been influenced by sector-specific factors, with raw material dependencies in the ceramics and lifestyle operations accounting for a substantial portion of the LKR 69.0 billion cost of sales in FY 2024/25, exacerbated by global volatility during the economic downturn. In the financial services arm, interest expenses totaled LKR 2.4 billion in the same period, reflecting funding costs amid higher benchmark rates following the 2022 crisis. Overall administrative and distribution expenses rose by 11.4% and 7.8% respectively in FY 2024/25, offset by savings of LKR 746 million. Dividends to shareholders have trended upward, with payouts increasing from LKR 1.00 per share in FY 2023/24 to LKR 3.00 per share in FY 2024/25, totaling LKR 3.4 billion. In Q1 FY 2025/26 (ended June 30, 2025), the group reported of LKR 31.2 billion, marking 20.9% year-over-year growth, supported by acquisition-driven expansions such as LB Finance's planned acquisition of a 65.6% stake in Associated Motor Finance PLC for LKR 3.7 billion. for the quarter rose to LKR 1.9 billion, with at LKR 1.71, indicating continued recovery and momentum from strategic investments.

Stock market presence

Vallibel One PLC has been listed and traded on the Main Board of the since July 8, 2011. The company was incorporated in 2010 as an investment holding entity and achieved inclusion in the S&P SL20 index effective June 21, 2021, reflecting its position among Sri Lanka's top 20 companies by float-adjusted and . This benchmark index, jointly developed by and the , tracks the largest and most traded stocks meeting criteria such as a minimum float-adjusted market cap of LKR 500 million and adequate trading volume. As of 2025, Vallibel One's share structure consists of approximately 1.14 billion issued ordinary shares. The company's stood at around LKR 120 billion in late 2025, representing about 1.4% of the total CSE market cap. It has demonstrated a consistent history, with payouts including LKR 3.00 per share as an interim for the financial year ending March 2026 (declared in June 2025 and paid in July), following LKR 3.00 in 2024 and LKR 1.00 in 2023, yielding approximately 2.9% based on recent prices. These dividends are supported by steady earnings, with a payout ratio of around 48%. Dhammika Perera, the company's Chairman, maintains a controlling stake of 71.9% through direct and indirect holdings, ensuring strategic oversight. Other significant shareholders include institutional investors such as the (9.35%) and Vallibel Leisure (Private) Limited (8.46%), with public float at about 19.4% held by over 15,000 shareholders. Vallibel One's stock performance has been marked by volatility tied to macroeconomic events, particularly during Sri Lanka's 2022 , when share prices fell sharply alongside a broader CSE downturn of over 40%, reaching lows around LKR 50 amid economic turmoil. Recovery ensued post-2023 stabilization, with the gaining over 70% in 2024 and an additional 47% year-to-date through November 2025, driven by improved group profitability and market rebound. This trajectory aligns with the S&P SL20 index's approximately 70% rise over the past year, underscoring Vallibel One's resilience. Analyst coverage is primarily from local firms like NDB Securities and John Keells Stock Brokers, focusing on quarterly earnings and sector outlook, though international attention is minimal. ESG ratings are incorporated in CSE disclosures and assessments, with the company emphasizing sustainability in its , but no prominent external scores (e.g., from ) are publicly highlighted as of 2025.

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  34. https://www.lbfinance.com/history
  35. https://www.lbfinance.com/
  36. https://www.facebook.com/LBFinancePLC/posts/we-are-extremely-proud-to-be-recognized-as-the-sector-winner-of-sri-lankas-most-/5252483394847426/
  37. https://www.lbfinance.com/privacy-policy
  38. https://www.cbsl.gov.lk/sites/default/files/Payments_Bulletin_1Q2025_e.pdf
  39. https://www.lbannualreports.lk/en/report
  40. https://www.lolcsecurities.lk/sector-report/nbfi-sector-initiation-report_lolc-securities-limited.pdf
  41. https://www.fitchratings.com/research/non-bank-financial-institutions/lb-finance-plc-01-09-2025
  42. https://proudlysrilankan.com/2025/10/21/l-b-finance-of-sri-lanka-offers-to-purchase-all-associated-motor-finances-shares/
  43. https://sustainability.lbfinance.com/wp-content/uploads/2021/07/Risk-and-opportunities.pdf
  44. https://www.lbfinance.com/file/corporate-governance-and-risk-management-report-202122
  45. https://www.lolcsecurities.lk/pdf/corporate-reports/lfin_initiation-note_losec_18.02.2025.pdf
  46. https://sustainability.lbfinance.com/wp-content/uploads/2025/07/Doc-19.pdf
  47. https://www.swisstekaluminium.com/
  48. https://www.fortressresortandspa.com/
  49. https://dlr.skift.com/2024/07/15/sri-lankan-billionaire-plans-two-luxury-hotels-by-2025/
  50. https://www.delmege.com/
  51. https://www.ft.lk/business/Delmege-celebrates-175-years-of-innovation-trust-and-service-to-nation/34-781848
  52. https://www.vallibel-hydro.com/
  53. https://www.emis.com/php/company-profile/LK/Vallibel_Power_Erathna_Plc_en_2314111.html
  54. https://bizenglish.adaderana.lk/vallibel-ones-greener-water-to-invest-usd-60-million-in-luxury-five-star-resort/
  55. https://www.dailymirror.lk/print/business-news/Dhammika-Perera-adds-Harischandra-Mills-to-portfolio/273-322782
  56. https://asgam.com/2025/11/10/2025-asian-gaming-power-50-ones-to-watch/
  57. https://cdn.cse.lk/cmt/upload_report_file/1074_1749230117220.pdf
  58. https://www.ft.lk/front-page/Dhammika-Perera-returns-to-Hayleys-and-Vallibel/44-767453
  59. https://www.dailymirror.lk/business-news/Dhammika-Perera-adds-Harischandra-Mills-to-portfolio/273-322782
  60. https://stockanalysis.com/quote/cose/VONE.N0000/revenue/
  61. https://www.themorning.lk/articles/MNZhwi8JveQuCezmEDCP
  62. https://www.marketscreener.com/news/Vallibel-One-PLC-Reports-Earnings-Results-for-the-First-Quarter-Ended-June-30-2025-ce7c51dede8ff026
  63. https://www.themorning.lk/richard-pieris-vallibel-into-s-combank-dcsl-out
  64. https://www.spglobal.com/spdji/en/documents/index-announcements/20120626_sri_lanka_20_press_release_final.pdf
  65. https://pitchbook.com/profiles/company/164510-83
  66. https://www.marketscreener.com/quote/stock/VALLIBEL-ONE-PLC-20706457/valuation-dividend/
  67. https://stockanalysis.com/quote/cose/VONE.N0000/statistics/
  68. https://simplywall.st/stocks/lk/capital-goods/cose-vone.n0000/vallibel-one-shares/ownership
  69. https://cdn.cse.lk/cmt/upload_report_file/1074_1748605332815.pdf
  70. https://www.investing.com/equities/vallibel-one-historical-data
  71. https://www.marketscreener.com/quote/stock/VALLIBEL-ONE-PLC-20706457/quotes/
  72. https://markets.ft.com/data/indices/tearsheet/summary?s=SPLK20LP:IOM
  73. https://www.marketscreener.com/quote/stock/VALLIBEL-ONE-PLC-20706457/graphics/
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