HAYCARB PLCAnnual Report 2025/26

Shaping the Future of Activated Carbon

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Beyond the Beyond

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Evolving our reporting to deliver greater transparency, clarity and accessibility for our stakeholders.

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Haycarb at a Glance

As a global activated carbon manufacturer, Haycarb is driven by technical excellence, customer centricity, innovation and sustainable business practices, looking beyond conventional boundaries to advance activated carbon solutions and create lasting value.

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    Global Market Share

  • 0+

    Years of Industry Experience

  • 0+

    Sustainable Solutions

  • 0+

    Countries Served Worldwide

Together, these strengths reflect the scale and capabilities behind our ability to serve diverse industries and evolving needs.

Beyond the Beyond annual report book preview on a desert horizon

Annual Report Summary

Impact in Brief

The horizon shifts as we move, revealing new perspectives and greater clarity with every step forward. Guided by position and precision, it continually reframes what lies ahead.

Similarly, Haycarb’s financial performance builds on a strong foundation, guided by clarity and precision as we advance towards sustained growth and lasting value.

Financial Highlights

The Financials section presents a clear and reliable overview of Haycarb PLC's performance and value creation for the year, supported by independent assurances and aligned with global reporting standards.

Financial Performance

Profit before tax — 5-year trend

Financial Ratios

The horizon remains constant in presence, yet continually changes with perspective, providing a universal reference point wherever we stand.

Similarly, Haycarb’s governance framework provides a consistent foundation across the geographies in which we operate, enabling a unified approach while responding to different operating environments.

Corporate Governance - Key Highlights

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No. of Directors

0%

Non-Executive Directors Representation

0%

Female Board Representation

0

Significant Non-Compliance Incidents

0

Total Audits Conducted on Management Systems

Leadership at Haycarb

Our leadership team steers Haycarb with vision, integrity, and a long-term commitment to innovation
and sustainability. Shaped by experience and guided by purpose, they drive strategic
growth, empower people, and ensure we deliver value to stakeholders.

Chairman

Mohan Pandithage

The Group continued to demonstrate resilience and
adaptability amidst evolving market dynamics by further
strengthening its position within the value-added carbon
category while effectively navigating supply chain
constraints and an increasingly complex global operating
environment to deliver sustainable growth and consistent
shareholder value.

Managing Director

Rajitha Kariyawasan

As a purpose-driven organisation, Haycarb remains
focused on addressing the world's evolving purification
and energy storage needs through sustainable innovation,
technical excellence and a strong culture of
customer-centricity, empowered by the capabilities of
our people.

Mohan Pandithage, ChairmanRajitha Kariyawasan, Managing Director

Traditional and modern navigation relies on ocean currents, winds, and large scale patterns that shape route and efficiency, while mariners use the horizon as a constant reference point, guiding direction while interpreting the forces that move beneath it.

Similarly, Haycarb advances through strategic foresight, harnessing its key resources and capabilities while maintaining clear alignment with its strategic objectives to anticipate change and navigate emerging opportunities.

Capitals Management

Our capitals form the foundation of sustainable value creation at Haycarb. Through the effective management of our capitals we strengthen resilience, drive innovation and create long term value for all stakeholders as we continue to move Beyond the Beyond.

Financial Capital

Financial resources generated and deployed to sustain operations, drive growth and deliver long term value to stakeholders.

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LKR 67.1 BnRevenue
LKR 5.9 BnProfit Before Tax
12.3%ROE

Natural Capital

Natural resources and ecosystems that support our operations, with a focus on responsible use and environmental stewardship.

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77%Renewable Energy usage
16%Sustainable Water Sourcing
>36,000Trees Planted

Social and Relationship Capital

Connections, trust and partnerships built with customers, suppliers, communities and other stakeholders.

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>600Customers
>500Suppliers
LKR 52.7 MnInvestment in CSR

Intellectual Capital

Knowledge, expertise, innovation and processes that enhance efficiency and drive competitive advantage.

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LKR 261 MnInvestment in R&D
32No of Certifications
14New Products Launched

Human Capital

Skills, experience and wellbeing of our people, enabling performance, innovation and organisational resilience.

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2,084No of Employees
LKR 5.58 BnPayments to Employees
64,893Total Training Hours

Manufactured Capital

Our production facilities, infrastructure and equipment that underpin efficient and high quality operations.

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LKR 16.17 BnTotal Property Plant & Equipment
LKR 4.15 BnCapital Expenditure
LKR 1.2 BnCost Savings Through Lean Initiatives

Digital Capital

Technology, systems and data capabilities that enable digital transformation, innovation and smarter decision making.

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LKR 70.5 MnInvestment in Digital Platforms
LKR 11.7 MnDigital Marketing Spend
170%Increase in Website Traffic

Light does not always travel in a linear path. Through atmospheric refraction, shifts in temperature and air density cause light to bend, subtly altering perception and revealing a broader spectrum of what exists, while what is seen is shaped by conditions that constantly adjust as the environment changes.

Similarly, Haycarb adapts to evolving market dynamics, climate realities and supply chain shifts with agility and intent, embedding ESG principles to strengthen resilience, support sustainable growth and create long term value.

Non-Financial Highlights

Our non-financial highlights reflect the progress we are making beyond financial performance. From advancing sustainability reporting and environmental stewardship to strengthening diversity, inclusion and governance practices, these achievements demonstrate Haycarb's commitment to creating lasting value for people, planet and future generations as we continue our journey Beyond the Beyond.

S1 & S2 Disclosures

Newly obtained independent assurance for S1 and S2 disclosures.

GRI Disclosures

Early adoption of GRI 102 and 103.

Green Investments

Over LKR 1 Bn invested in green projects.

DEI Policy

Development of a new Diversity, Equity and Inclusion (DEI) Policy.

Our Strategy and Risks & Opportunities

Strategic Pillars

Market Growth

Strategic global expansion, product innovation and tech investment drive Haycarb’s market growth and value added carbon leadership.

LKR 67.1 Bn

Revenue

16%

Market Share

Innovation Led Growth

Haycarb advanced its innovation efforts by enhancing R&D capabilities, fostering a learning culture and applying data driven insights to support future growth.

14

New Products Introduced

Rs. 261 Mn

Investment in R&D

Global Supply Chain

Haycarb strengthened supply chain resilience through regional diversification, sustainable sourcing and strategic partnerships across key raw material markets.

Rs. 19 Mn

Investment in Supplier Development

> 500

Number of Suppliers

Purpose Driven Committed Teams

Teams are empowered through fair pay, wellbeing and growth, fostering innovation, collaboration and accountability to drive long term value and ESG goals.

64,893

Total Training Hours

2,084

No of Employees

ESG Mindset

Haycarb PLC’s ESG strategy focuses on sustainable innovation, and environmental stewardship across all operations and communities.

77%

Energy Requirements Fulfilled Through Renewable Energy

61%

Proportion of Charcoal Sustainably Sourced

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Risks and Opportunities

Business Risks

  • Raw material procurement risk
  • Interest rate risk
  • Compliance risk
  • Geopolitical dynamics
  • Cyber Security risk

Sustainability Related Risks

  • Environmental compliance and regulatory tightening risk
  • Workforce capability and skilled labour availability risk
  • Occupational health and safety risk

Climate Related Risks and Opportunities

  • Climate risk to raw material supply
  • Climate related water risk arising from changes in water availability, water quality and hydrological variability
  • Opportunity for scaling renewable energy adoption driven by fossil fuel price volatility and supply disruption
  • Opportunity due to growing market demand for value added carbons used in energy storage and advanced water & air purification
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Community Impact

Creating lasting value beyond our business, we invest in communities through initiatives that promote education, wellbeing, environmental stewardship, and sustainable development.

Child collecting clean water from a purification tap

Health & Wellbeing

Puritas Sath Diyawara

Purified drinking water for communities in CKD-affected areas

>45,000 People Impacted

Schoolchildren receiving a mid-day meal

Education & Wellbeing

Sisu Divi Pahana

Nutritious mid day meals supporting student wellbeing, concentration and learning

>800 students/day across 16 schools

Community members receiving school supplies

Education & Livelihood Development

Puritas Sath Diyawara – Going Beyond

School supplies and livelihood support for CKD-affected communities

>2,500 beneficiaries

Volunteer supporting a sea turtle conservation project

Environmental Stewardship

Behold the Turtle

Protecting sea turtle nests, eggs and hatchlings along Sri Lanka’s coast

16,545 eggs protected

University students with laptops

Education & Digital Inclusion

Supporting University Students

Laptops and scholarships supporting access to tertiary education

>300 students across 7 state universities

Healthcare support at Negombo General Hospital

Health & Wellbeing

Healthcare Support

Critical hospital upgrades and related health initiatives supporting community wellbeing

>10,000 beneficiaries

Coconut seedling distribution programme in the Eastern Province

Environmental Stewardship

Eastern Province Coconut Seedling Distribution Programme

Providing free coconut seedlings to farmers, in partnership with the Coconut Cultivation Board, to support rural livelihoods and long term cultivation

784 farmers

Our journey continues as we pursue new possibilities, advance sustainable innovation and create lasting value for our stakeholders.