We are pleased to present our 13th Integrated Annual Report which sets out the performance of Nawaloka Hospitals PLC and its subsidiaries (hereinafter referred to as the “Nawaloka”) for the financial year ended 31 March 2025. The Report provides a comprehensive and cohesive view of our performance during the financial year in review.

Scope and Boundary

The Report covers the activities of the Group – Nawaloka Hospitals PLC and its three subsidiaries New Nawaloka Hospitals (Private) Ltd., New Nawaloka Medical Centre (Private) Ltd., and Nawaloka Laboratories (Private) Ltd., and equity accounted investees – Nawaloka College of higher studies (Private) Ltd. for the period 01 April 2024 to 31 March 2025. An annual reporting cycle has been adopted and the most recent report for the financial year ended 31 March 2024 is available on our website www.nawaloka.com

Reporting Standards

The following frameworks were used to prepare the report moving beyond regulatory compliance to incorporate international best practices into our reporting processes.

Financial Reporting

• Sri Lanka Financial Reporting Standards
• Companies Act No. 07 of 2007
• Sri Lanka Accounting and Auditing Standards Act No. 15 of 1995

Narrative Reporting

• Integrated Reporting Framework of the IFRS Foundation
• Sustainability Accounting Standards Board (SASB) – Healthcare Delivery Sector

Corporate Governance

• Continuing Listing Requirements of the Colombo Stock Exchange and Corporate Governance Rules
• Code of Best Practice on Corporate Governance 2023 issued by CA Sri Lanka

Reporting Structure

In response to evolving stakeholder expectations and our commitment to greater transparency, this year’s report is also guided by the principles and content elements of the International Integrated Reporting Framework (<IR> Framework) issued by the International Integrated Reporting Council (IIRC). This approach enables us to present a more holistic view of how our strategy, governance, performance, and prospects; within the context of the external environment.

Quality Assurance

The Group has obtained an independent opinion on the Financial Statements from its External Auditors Messrs KPMG (Chartered Accountants) which is set out on pages 100 and 103 of this Report.

Digital Format

For the first time, Nawaloka Hospitals PLC is presenting its Annual Report in a comprehensive end-to end HTML version and as an interactive PDF, offering enhanced accessibility and seamless navigation for all stakeholders. This innovative approach reflects our broader commitment to embracing digital transformation and leveraging Artificial Intelligence to optimise our operations.

Feedback

We welcome feedback from all stakeholders to continuously improve our reporting practices and enhance stakeholder engagement. Kindly share your comments and suggestions with us at:

Chief Financial Officer
Nawaloka Hospitals PLC
No. 23, Deshamanya H K Dharmadasa Mawatha,
Colombo 02, Sri Lanka.
Email: cfo@nawaloka.com
Tel: +94 11 557 7111