State-Owned Enterprises (SOEs) Performance
Financial health, annual profits, accumulated losses, and treasury guarantees across key public commercial enterprises.
Ceylon Petroleum Corporation (CPC)
Historic legacy debt of ~$3.2B to state banks (BOC/People's Bank) absorbed by Treasury in 2023. Monthly cost-reflective fuel price formula now maintains operating profitability. Retail market opened to Sinopec, RM Parks, and Shell.
Ceylon Electricity Board (CEB)
Restructured under Electricity Act No. 36 of 2024 unbundling CEB into 6 independent state-owned corporate entities for Generation, Transmission, and Distribution. Long-delayed emergency thermal power contracts flagged by Auditor General.
SriLankan Airlines Limited
Cumulative historic losses exceeding Rs. 600 Billion. Treasury absorbed $510 Million in historic bank debts. Restructuring of ground handling and catering units underway to attract international airline strategic investors.
Sri Lanka Railways Department
Operating revenue covers only 35% of total recurrent operational and maintenance expenditures. Modern ticketing and freight logistics digitization recommended by Auditor General.
Sri Lanka Ports Authority (SLPA)
Highly profitable transshipment port terminal hub. East Container Terminal (ECT) operationalized; West Container Terminal (WCT) developing as PPP with Adani Ports and John Keells.
National Water Supply & Drainage Board
Tariff revisions in 2023 restored cash flow viability. High non-revenue water (leakages) in Colombo municipal grid flagged at 32% by Auditor General.