October 25, Colombo (LNW): SriLankan Airlines has released a statement addressing recent coverage of its financial performance for the 2024/25 fiscal year, noting that the Group recorded a loss of LKR 2.7 billion, in contrast to a profit of LKR 7.9 billion reported the previous year.
According to the airline, the year-on-year difference was largely driven by a sharp reduction in foreign exchange gains. The company posted an exchange gain of LKR 3.9 billion in 2024/25, compared with LKR 26.7 billion in 2023/24.
The carrier explained that such gains result from the revaluation of foreign currency-denominated interest-bearing liabilities, where appreciation of the Sri Lankan rupee generates accounting gains.
When excluding the impact of exchange rate movements, the airline’s underlying loss for 2024/25 stood at LKR 6.7 billion, a marked improvement from the pre-exchange loss of LKR 18.8 billion recorded in the previous financial year.
