Introduction The following definition of functional low vision is used in surveys to estimate the need for low vision services: corrected visual acuity in the better eye of less than 6/18 down to and including light perception from causes not amenable to treatment. However, such data for Sri Lanka is lacking. Objectives To determine the prevalence, causes and magnitude of functional low vision in a nationally representative sample of adults aged 40 years and above in Sri Lanka. Methods Distance visual acuity was measured using a LogMAR E chart. If the acuity was less than 3/60 in either eye, the ability to see hand movements, count fingers or perceive light was assessed. All underwent autorefraction followed by subjective refraction and measurement of best corrected acuity if indicated. Participants with a presenting acuity of <6/12 in the better eye were examined in details and a cause of visual loss was assigned. Analysis included those who fulfilled the definition of functional low vision. Results Among those examined, 59 participants fulfilled the definition of functional low vision: prevalence 1.02% (95% confidence interval 0.77-1.31%). The commonest causes were complications of cataract surgery (42.4%), and posterior segment conditions (30.5%) principally and age related macular degeneration (5 cases) and other retinal conditions (11 cases). Based on these estimates, 77,600 adults in Sri Lanka may benefit from low vision services. Conclusions The prevalence of functional low vision is slightly lower than the prevalence of blindness from all causes. Complications of cataract surgery are potentially avoidable causes.