CIC Holdings’ 9MFY26 revenue reaches Rs.70bn despite cyclone-related agricultural disruption

Chairman S.H. Amarasekara

Group CEO Aroshan Seresinhe

Agriculture-rich diversified conglomerate CIC Holdings PLC recorded a consolidated revenue of Rs.70.28 billion for the nine months ended December 31, 2025 (9MFY26), reflecting an increase of 8.69 percent year-on-year (YoY) compared to the corresponding period of the previous year.

The group’s gross profit increased by 10.11 percent to Rs.18.42 billion, with the gross profit margin for the period under review improving to approximately 26 percent, supported by disciplined pricing and product mix optimisation. 

Profit after tax increased to Rs.5.97 billion, from Rs.5.70 billion in the corresponding period of the previous year, despite the losses incurred in parts of the group’s agri operations, following the impact of Cyclone Ditwah, which disrupted the cultivation activity during the Maha season.

The group’s crop solutions sector remained the largest contributor to the consolidated revenue, accounting for approximately 44.7 percent of total revenue, followed by livestock solutions at 21 percent and health and personal care at 20.18 percent. 

The remaining sectors, industrial solutions and agri produce, contributed 8.6 percent and 6.4 percent to group turnover, respectively. 

Health and personal care, particularly export-driven product lines, recorded improved performance during the period, alongside continued growth in feeds, poultry and veterinary care solutions, which supported the group’s overall operating results. Despite the cyclone-related disruption to cultivation cycles, the group delivered a strong operating performance, with the EBITDA and operating profit (EBIT) both recording YoY growths. Operating profit (EBIT) closed at Rs.9.67 billion, compared to Rs.8.62 billion in the corresponding period of the previous year, reflecting the strength of the group’s diversified portfolio and disciplined cost management.

During the period in review, key group businesses across the five industry sectors, namely crop solutions, agri produce, livestock solutions, industrial solutions and health and personal care, continued to perform resiliently. 

The crop solutions revenue increased from Rs.28.06 billion to Rs.32.32 billion, while the livestock solutions revenue grew from Rs.13.35 billion to Rs.14.60 billion. The health and personal care revenue improved from Rs.14.29 billion to Rs.14.46 billion, supported by herbal health product exports and steady domestic demand. 

The revenue from agri produce increased from Rs.4.35 billion to Rs.4.64 billion, while the industrial solutions revenue rose from Rs.6.07 billion to Rs.6.28 billion.

CIC Holdings Group CEO Aroshan Seresinhe said, “Despite the disruption caused by Cyclone Ditwah to agricultural activity during the Maha season, the group remained focused on supporting farming communities through well clean-up operations, field renovation and the restoration of cultivation activity.”