Ceylon Electricity Board reported profits of Rs 5.31 billion in 2Q 2025
- CNL Reporter
- August 17, 2025
- News, Political
- Ceylon Electricity Board
- 0 Comments
Sri Lanka’s state-run Ceylon Electricity Board reported profits of 5.31 billion rupees in the June 2025 quarter, down from 34 billion rupees a year earlier, amid two tariff cuts in between.
CEB’s June 2025 quarter revenues were down 33 percent from a year ago to 98 billion rupees, cost of sales were down 16 percent to 91.6 billion rupees and gross profits were down 81 percent to 7.0 billion rupees.
Compared to March revenues rose from 93 to 98 billion rupees in June while cost of sales fell steeply from 112 to 92 billion rupees, giving gross profits of 11 billion rupees compared to an 18 billion loss in March.
The March quarter is usually the driest quarter of the year, when more thermal energy has to be generated.The CEB posted a 13.1 billion rupee loss for the six months to June, due to an 18 billion rupee loss in the March 2025 quarter,
At group level the CEB made profits of 7.4 billion rupees in the June quarter and a loss of 9.5 billion rupees in the six months.The CEB made large losses in the March quarter after prices were cut by the regulator, which were not asked for by the utility.
The price cut was reversed after the International Monetary Fund delayed approval for its program.CEB is required to run cost-reflective tariffs to protect public finances, after losses in state energy enterprise contributed to a sovereign default.A revenue increase of around 15 percent was granted in June.The new tariffs will kick in from the September quarter.
