The latest financial disclosures from Sri Lanka’s largest plantation companies show a dramatic rise in post-tax profits for the 2024 to 2025 financial year, with one globally owned multinational plantation operation appearing among the top earners and intensifying nationwide attention.
The country’s leading plantation companies have officially submitted their annual audited reports to the Colombo Stock Exchange. These figures confirm that the plantation industry has performed exceptionally well during the financial year, with strong earnings reported across tea, rubber and diversified crop estates. According to the newly released financial statements, almost every major plantation company has recorded significant gains, highlighting a robust year for the sector despite broader economic challenges. Notably, included within this list is a plantation company owned by a major multinational corporation, drawing increased scrutiny toward the soaring profitability within the industry.
The companies have reported the following post-tax profits:
Agalawatte Plantation – Rs. 781,489,000
Agarapathana Plantation – Rs. 801,000,000
Balangoda Plantation – Rs. 741,000,000
Bagawanthalawa Plantation – Rs. 1,042,940,000
Alpitiya Plantation – Rs. 1,329,000,000
Hapugastenna Plantation – Rs. 339,514,000
Hatton Plantation – Rs. 718,900,000
Horana Plantation – Rs. 180,630,000
Kahawatte Plantation – Rs. 948,410,000
Kegalla Plantation – Rs. 516,871,000
Kelani Valley Plantation – Rs. 941,786,000
Kotagala Plantation – Rs. 377,308,000
Madolsima Plantation – Rs. 244,000,000
Malwatta Valley Plantation – Rs. 532,837,000
Maskeliya Plantation – Rs. 958,372,000
Namunukula Plantation – Rs. 1,526,069,000
Talawakele Plantation – Rs. 1,235,000,000
Udupussellawa Plantation – Rs. 581,000,000
Mahaweli Plantation – Rs. 140,390,208
Watawala Plantation – Rs. 1,885,000,000
These impressive earnings have sparked renewed national debate about the operational power of Sri Lanka’s plantation sector, the involvement of global conglomerates and the potential impact on estate workers, rural communities and long-term agricultural stability. Analysts suggest that with profits surging at this scale, issues such as reinvestment patterns, wage structures and ownership transparency may soon face heightened public and regulatory attention.
