JAT revenue rises in 2024-25 year

JAT Holdings PLC revenue in the 2024/25 year has risen in a positive feature.

The company recorded a revenue of Rs.11.6 billion, reflecting marginal year-on-year growth in 2024/25, primarily impacted by a 26 per cent decline in export revenues from Bangladesh, driven by prevailing political and economic instability in the region and the significant depreciation of the Bangladeshi currency against the Sri Lankan Rupee, it said in a media release.

“This decline was partially offset by improved performance in other markets. Revenue from Sri Lanka grew by 14 per cent, while combined revenue from other international markets increased by 12 per cent. Notably, the revenue contribution from Bangladesh, which typically accounts for over 30 per cent in an average year, dropped to 23 per cent compounded by three months of business disruption due to economic and political instability in the country,” it said.

During the financial year, operating profit rose to Rs.1,862 million which is a 37 per cent increase YOY with margins increasing from 12 per cent to 16 per cent, while net profit stood at Rs.1,782 million, which is a 74 per cent increase YOY with margins rising from 9 per cent to 15 per cent. These figures showcase the company’s ability to protect its bottom- line despite headwinds. JAT achieved its profitability targets, bolstered by disciplined cost controls and proactive cost management initiatives.

“Despite global and regional headwinds, we have remained steadfast in our strategic approach, investing in innovation, enhancing efficiency, and unlocking new market opportunities,” said Nishal Ferdinando, CEO and Executive Director, JAT Holdings PLC. “This year's performance is a reflection of our team’s agility, foresight, and the trust our customers place in us.”

International expansion was marked by the opening of JAT’s SEAFORM showroom, in Perth along with the first wood coating shipment to Australia, and the JAT Tech Centre in Cambodia.