Rs. 562.3 million in profit after tax for the December 2025 quarter marked a 144% year-on-year increase for Prime Lands Residencies PLC, capping a period of sharp earnings expansion.

Revenue for the three months ended on 31 December rose 43% from a year earlier to Rs. 2.80 billion, supported largely by faster construction progress at Tower C of The Border Colombo and initial revenue recognition from The Seasons Colombo 08. Several recently launched projects, including The Border Colombo, J’adore Negombo, The Golf Colombo 08, Mon Vie Colombo 05, Prime Colombo 9, and The Seasons Colombo 08, have yet to contribute revenue under the company’s milestone-based recognition policy.

Gross profit climbed 111% year-on-year to Rs. 1.05 billion, reflecting improved margins and tighter cost control. Management attributed the gains to streamlined tender management, procurement planning, and faster construction timelines. Tower C reached its topping-off milestone four months ahead of schedule.

Operating profit increased 147% to Rs. 730.9 million despite a Rs. 100 million contribution by Prime Lands Residencies PLC to the Rebuilding Sri Lanka Fund as part of a Rs. 200 million group donation.

For the nine months ended on 31 December, revenue rose 24% year-on-year to Rs. 7.95 billion, while gross profit grew 63%. Profit after tax for the period increased 68% to Rs. 1.50 billion.

Earnings per share for the quarter stood at Rs. 0.60, with trailing twelve-month EPS at Rs. 1.96. The company’s share price has risen more than 40% over the past three months, pushing its price-to-earnings ratio above both overall market and sector averages.