Annual Report

2024

DIVERSE

OPPORTUNITIES

In a world defined by constant change, our commitment to growth, sustainability, and innovation anchors us at Horana Plantations. As one of Sri Lanka’s premier plantation companies, today our fields have embraced a strategic shift towards diversification, reflecting our pragmatic response to the evolving dynamics of the global market. Within our expansive plantations, Coffee, Coconut, and Cinnamon now share the same soil. This diversification is not just an adaptation to industry shifts but a calculated initiative to empower our communities in the long-term.

Entering a new era of productivity, today we have also invested in cutting-edge automation, streamlining our processes and ensuring efficiency at every stage. Within this transformation, we steadfastly adhere to the principles of a circular economy, ensuring that every aspect of our operations contributes to the sustainability and resilience of our ecosystem.

Together, let’s harvest these diverse opportunities, ensuring a fruitful harvest for generations to come.

Chairman

Chairman's Message

" HPL’s strategic imperatives of Diversification, Community Empowerment, Circular Economy, and Automation and Digitalization aim to maximize stakeholder value."

Message

MD

Managing Director's Review

"The Human and Natural capitals are the plantations wealth, we believe that the synergies combined will lead to increased productivity and economic growth."

Message

MD

Managing Director's Review

Financial Highlights

Revenue
EPS
DPS
Net Cash Inflow

Graphical representation of our success story

Revenue
Profit/(Loss) before Tax
Profit/(Loss) for the year
Earning per Share
Net Assets per Share
Return on Equity
Return on Capital Employed

Financial Highlights

ESG PERFORMANCE

RENEWABLE ENERGY CONSUMPTION
2024
134,965Gj
EMPLOYEE TRUST INDEX
2024
99%
MALE TO FEMALE RATIO
2024
46:54
ESG STEERING COMMITTEE MEETINGS
2024
1 Meeting

ESG PERFORMANCE

ESG INTEGRATION While sustainability has always been of the Company’s ethos, during the year HPL formalised its commitment to embedding ESG considerations across its operations through the formulation of an ESG Framework that targets and action plans to align the Company's sustainability strategy with its overall business goals. This framework was developed with a deep understanding of HPL’s operational and decisionmaking needs as well as emerging sustainability risks and opportunities which are becoming increasingly pronounced in our operating landscape.
STRATEGIES, POLICIES & PRACTICES Our Sustainability roadmap up to 2030 and Sustainable Development Strategies are aligned to our international commitments. Therefore, our growth strategy incorporates the principles and objectives of these international commitments towards Human Rights, Labour Right, Environmental Conservation, Anticorruption, Sustainable Technologies and Social Welfare.
CORPORATE GOVERNANCE As a listed Company and part of the Hayleys conglomerate, HPL’s Corporate Governance processes supersedes Regulatory Compliance, and encompasses ethical management of both financial and nonfinancial aspects of its business operations.
Operating Environment & Capital Reports
Including

Operating Environment

Financial Capital

Manufactured Capital

Intellectual Capital

Human Capital

Social & Relationship Capital

Natural Capital