Tech and exports drive Sri Lanka’s corporate growth in 2025
Sri Lankan corporate sector is demonstrating resilience and growth at present, with strong export performance and a recovery in the manufacturing sector.
Key sectors like exports and the IT industry are seeing strong performance in first five months 2025. Notably, the technology industry is experiencing positive employee perception in top companies, according to the Export Development Board (EDB).
It added that exports, especially in spices, food and beverages, and electrical components, are experiencing significant growth.
The technology sector is highlighted by a positive employee perception in top companies, with an average of 91 per cent positive perception among the “Best 10″ companies.
Majority of Japanese firms in Sri Lanka anticipate profit growth in 2025, demonstrating confidence in the economic outlook.
Teejay Lanka PLC a leading textile exporter, is expected to benefit from expanded trade agreements and increased export facilitation and Hayleys PLC has performed well with its strong presence in export sectors like activated carbon, textiles, and rubber
Ex-Pack Corrugated Cartons PLC, a packaging company that supports export industries and Kelani Tyres PLC, a manufacturer of rubber-based products that contribute to export growth, were among the other key performers.
Export oriented companies in coconut kernel products (e.g., Coconut Oil, Milk Powder, and Cream) and coconut fiber products (e.g., Coco Peat, Fibre Pith) were gaining significant export growth.
The first five months of 2025 show a significant increase in total exports, reaching US$ 6.93 billion, a 7.14 per cent rise compared to the same period in 2024, EDB statistics indicated.
This growth is driven by both merchandise and service exports, with the latter emerging as a key driver of overall export growth.
Merchandise exports increased by 5.46 per cent during the first five months, reaching $5.34 billion while service exports surged by 13.20 per cent in the January-May period, reaching$ 1.59 billion.
The manufacturing sector, particularly textiles and garments, is expected to lead the industrial sector, supported by increasing new orders, EDB divulged.
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