WindForce PLC, Sri Lanka’s leading renewable energy provider, has announced a dividend of LKR 1 per share, totaling LKR 1.35 billion for the financial year 2024/25. This reaffirms the company’s commitment to delivering shareholder value, with total dividends declared since its IPO now exceeding LKR 4.4 billion. Shareholders have enjoyed a 35% total return during FY 24/25, reflecting WindForce’s strong financial performance and growth strategy.
Key Financial Highlights:
- Revenue Growth: Consolidated revenue of LKR 5.37 billion, marking a 16% increase YoY.
- EBITDA Growth: 37% increase, reaching LKR 5.07 billion, for the nine months ended 31 December 2024, compared to LKR 3.69 billion last year.
- PAT Growth: 22% increase, reaching LKR 2.05 billion, for the nine months ended 31 December 2024, compared to LKR 1.68 billion last year.
- Dividend Payout: Funded through dividend income from project companies and recovery of long-outstanding arrears from the Ceylon Electricity Board (CEB).
“This strong financial performance underscores WindForce’s operational efficiency and our ability to capitalize on growth opportunities in the renewable energy sector. WindForce remains committed to our vision of powering a greener future, delivering consistent growth, and creating long-term value for our stakeholders,” stated Managing Director, Manjula Perera.
Strategic Growth Initiatives:
- 100 MW Siyambalanduwa Solar Power Project: The largest solar power project in Sri Lanka.
- 10 MW Sooryashakthi Solar Power Project: Further expanding WindForce’s renewable energy footprint.
These investments highlight WindForce’s commitment to sustainable energy solutions, financial discipline, and enhancing shareholder returns while driving the future of renewable energy in Sri Lanka.