📈 ACL 4Q FY26 Earnings Review Near-Term Earnings Outlook Aided by Price Revisions and Stable Demand • PATMI rose 22.4% YoY to LKR 1.6bn as revenue increased 23.4% YoY to LKR 12.2bn, driven by higher volumes. • 📉 Margins softened (GP: 19%, EBIT: 18%) on elevated raw material costs, despite stronger other income and finance income. • 💡 Price revisions from 1Q FY27E are expected to drive a gradual margin recovery. • 🏗️ Government & institutional demand remains resilient, while retail demand is expected to improve gradually. Valuation & Recommendation: BUY | TP: LKR 138.00 (+37.7%)