General Purpose User
Our Approach to Reporting
As the primary annual communication to capital providers and other stakeholders, the Group’s Integrated Annual Report provides an overview of the Group’s performance and strategic progress for the year and outlook for the future. Key features of this year’s Annual Report include the following:
World of Hayleys
The Hayleys Group is Sri Lanka’s leading diversified conglomerate and a cornerstone of the country’s economic development. With extensive business interests across 14 industry verticals and global market positions, the Group has propelled Sri Lankan industries forward through innovation, sustainability and shared value creation over an illustrious history of 148 years.
Our year in numbers
Leadership and Governance
Mohan Pandithage
Chairman and Chief ExecutiveReflections from Chairman & Chief Executive
Once considered the very barometer of the local economy, the Group has grown beyond its bounds- outpacing national benchmarks as our strategic international expansion has redefined impact and scale
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Corporate Governance
The Group’s fit-for-purpose governance frameworks ensure compliance with applicable laws, codes and best practices through effective and adequate controls. The Board ensures that Hayleys is governed through ethical consciousness and integrity thereby preserving the interests of diverse stakeholders and capital resources while guaranteeing accountability and effective leadership.
Key highlights in 2024/25
- Appointment of 2 Independent Directors and 1 Non-Executive Director
- Change in Board composition- Majority of Directors are Non-Executive, while majority of Non-Executive Directors are Independent
- Several policies refreshed and updated in line with the requirements of the new listing rules
- Full compliance to new Listing Rules
Board focus areas in 2024/25
Purpose-driven Strategy
The Group’s strategy is underpinned by five pillars, formulated by the Strategic Business Development Unit (SBDU) at Hayleys PLC and cascaded to each Sector under the leadership of the Group Management Committee.
- 1Expansion of geographical footprint
- 2Enhancing manufacturing capabilities
- 3Diversification of customer base
- 4Cost management and process automation
- 1Value-added product development
- 2Fulfilling customer requirements on sustainability
- 3Strengthen after-sales service in key verticals
- 4Enhance customer engagement through social media platforms
- 1Implementation of systematic succession plans
- 2Group-wide diversity, equity and inclusion training
- 3Leadership development programmes
- 4Employee engagement
- 1Capacity building across supply chains across key verticals
- 2Strengthened Group Procurement policy
- 3Backward integration and supply chain diversification
- 4Strategic community development initiatives
- 12nd edition of Hayleys Lifecode launched
- 2Sector-level ESG Roadmaps launched by 2 Sectors
- 3Widened computation of Scope 3 GHG emission
- 4Quarterly reporting of ESG metrics
Value Creation and Capital Management
The Group relies on its resources and relationships (classified into six capitals) to create and preserve value through its diverse business activities.
Financial Capital
Funding to pursue strategic growth aspirations
Consolidated Revenue
Rs.492.20 bn (+13%)Profit Before Tax
Rs.35.37 bn (+40%)Total Assets
+16%Borrowings
+19%Debt to equity ratio
142%Manufactured Capital
Enables production of innovative, high-quality products
Capital expenditure
Rs.21.39 bnCapacity expansion across geographical locations in key sectors
-Capacity expansion across geographical locations in key sectors
-Human Capital
Skills, expertise and knowledge that drive the Group’s strategic aspirations
Payments to employees
Rs.55.86 bn (+5%)Employee retention rate
76%Average training hours
11.43Female representation rate
35%Social & Relationship Capital
Provides the Group’s social license to operate
Customers acquired
1.6 mnValue injection to suppliers
Rs.341.31 bnCSR investment
Rs.451 mnIntellectual Capital
Sharpen competitive edge and provide access to new markets through innovation
Investment in R&D
Rs.812 mnNew products
474Products in pipeline
757Array of certifications across verticals
-Natural Capital
Provides critical resources for business including water, energy and raw materials
Scope 1 & 2 emissions
+3%Emission intensity (Scope 1 & 2)
-14%Improved reporting of Scope 3 computation
-Reliance on renewable energy
74%Sector
Funding to pursue strategic growth aspirations
Measuring success
Consolidated Revenue
Rs.492.20 bn (+13%)Profit Before Tax
Rs.35.37 bn (+40%)Total Assets
+16%Borrowings
+19%Debt to equity ratio
142%Enables production of innovative, high-quality products
Measuring success
Capital expenditure
Rs.21.39 bnSkills, expertise and knowledge that drive the Group’s strategic aspirations
Measuring success
Payments to employees
Rs.55.86 bn (+5%)Employee retention rate
76%Average training hours
11.43Female representation rate
35%Provides the Group’s social license to operate
Measuring success
Customers acquired
1.6 mnValue injection to suppliers
Rs.341.31 bnCSR investment
Rs.451 mnSharpen competitive edge and provide access to new markets through innovation
Measuring success
Investment in R&D
Rs.812 mnNew products
474Products in pipeline
757Provides critical resources for business including water, energy and raw materials