Colombo Stock Exchange Joins the Global Shift to XBRL-Based Reporting

In case you missed it—Sri Lanka’s Colombo Stock Exchange (CSE) announced in March 2025 that it will soon roll out an XBRL-based financial reporting system for all listed companies. While the announcement was made earlier this year, its impact continues to echo across the global regulatory landscape.

According to News First, CSE Chairman Dilshan Wirasekara said:

“Listed companies have to report their financials on a quarterly basis. We are trying to standardize that to international standards and have that automated system… so that investors can access financials in one format, analyze data, do valuations, etc., in a much easier sort of way.”

What’s New:

– The CSE plans to mandate machine-readable financial reporting using the XBRL standard.

– This move aims to align Sri Lanka’s reporting ecosystem with global digital disclosure practices.

– It will make financial data easier to access, analyze, and compare for regulators and investors alike.

At Ez-XBRL, we view this as further confirmation that structured digital reporting is no longer optional—it’s the new normal. Whether you’re operating in Sri Lanka, India, the EU, or beyond, our platform helps ensure your reports are XBRL-ready, regulator-compliant, and built for global comparability.