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Sri Lanka’s major state-owned enterprises (SOEs) recorded a combined profit of Rs. 259.3 billion during the first six months of 2026, compared to Rs. 227.8 billion during the corresponding period in 2025, according to the Ministry of Finance.
The increase of Rs. 31.5 billion, or approximately 13.8%, reflects improved overall financial performance despite losses at several state institutions and economic pressures arising from the conflict in the Middle East.
The figures were revealed in the Finance Ministry’s Mid-Year Fiscal Position Report 2026, released on October 31.
State banks and financial institutions were among the major contributors to profits.
The Bank of Ceylon reported a profit before tax of Rs. 62.7 billion, while People’s Bank recorded Rs. 32.6 billion and the National Savings Bank Rs. 22.6 billion.
The Employees’ Trust Fund Board reported a profit of Rs. 36.5 billion, while the National Insurance Trust Fund recorded Rs. 12.8 billion.
Among other major state enterprises, the Sri Lanka Ports Authority reported a profit of Rs. 34.5 billion, followed by the Ceylon Petroleum Corporation (CPC) with Rs. 29.2 billion.
Airport and Aviation Services (Sri Lanka) Limited recorded Rs. 24.9 billion, while the National Water Supply and Drainage Board reported Rs. 16.2 billion.