CIC Holdings delivers resilient FY25 results with 9% topline growth

S. H. Amarasekara - Chairman

Aroshan Seresinhe - CEO

Agriculture-rich diversified conglomerate CIC Holdings PLC recorded steady revenue growth during the year ended 31 March 2025 (FY25), navigating macroeconomic headwinds and intense competition. 

The Group posted consolidated revenue of Rs. 83.3 billion, reflecting a 9.0 percent year-on-year (YoY) growth, driven by broad-based momentum across its core businesses. 

Group gross profit rose to Rs. 22.2 billion, a 7.3 percent increase YoY, with gross margins holding steady at 26.7 percent. Group EBITDA remained resilient at Rs. 12.4 billion, reflecting the continued strength of CIC’s operating model. 

The Group recorded a PAT of Rs. 6.6 billion, which appears lower in comparison to the previous year due to a one-off gain of Rs. 5.3 billion recognised in FY24 from a bargain purchase related to the JKH investment. Adjusting for this exceptional item, CIC’s underlying performance remained stable.

CIC’s Crop Solutions segment remained the Group’s largest contributor, accounting for 41 percent of revenue, with continued leadership in Sri Lanka’s agriculture supply chain. Health & Personal Care and Livestock Solutions contributed 22 percent and 21 percent respectively, underscoring strong consumer engagement and demand across essential sectors. Notably, Agri Produce posted an increase         of Rs. 583 million in segmental profit, signalling a revival in local cultivation and processing.

Group EBIT stood at Rs. 10.4 billion, marginally lower than the previous year, reflecting disciplined cost management amidst inflationary distribution and impairment expenses. Net Finance costs improved significantly, declining by 38 percent YoY to Rs. 1.6 billion, supported by better debt structuring and favourable interest rate movements.

While Group EBITDA performance remained robust, reported net earnings were affected by a non-cash loss of Rs. 946 million from dilution in an associate investment, and a 23 percent decline in equity-accounted investee contributions.

During the period in review, key Group businesses under the five industry sectors, which are Crop Solutions, Agri Produce, Livestock Solutions, Industrial Solutions and Health/Personal Care, performed resiliently.