Digital Mobility Solutions Lanka sees record 3Q profits on improved transaction volumes

Digital Mobility Solutions Lanka, which owns PickMe, has shown significant growth in revenue, operating profit and net profit in 3Q25.
The increase in platform usage and transaction volumes are key drivers of this growth. Despite incurring IPO-related costs, the financial health and operational scalability of the company remain robust.
The group achieved its highest quarterly operating profit to date, reporting Rs.396 million in the third quarter of 2024/25, a 45 percent increase compared to Rs.274 million in the same quarter of the previous financial year.
The group’s profit after tax for the third quarter of 2024/25 increased by 38 percent, reaching Rs.293 million, compared to Rs.212 million in the same period of the previous year.
Group revenue for the third quarter of the financial year 2024/25 stood at Rs.1.5 billion, representing a 41 percent increase, compared to Rs.1.1 billion recorded in the same quarter of the previous financial year.
“This growth was primarily driven by a 35 percent year-over-year increase in transaction volumes, leading to the highest-ever average daily platform activity during this quarter,” it said in a commentary that followed the release if its financial performance for the third quarter. 
The third quarter saw a 9 percent rise in activity compared to the second quarter of 2024/25.
Revenue in the first nine months reached Rs.4.1 billion, marking a 47 percent increase compared to Rs.2.8 billion reported for the same period in the previous financial year.
The operating profit for the group rose by 76 percent, reaching Rs.1,066 million during the first nine months of the financial year 2024/25, compared to Rs.604 million in the corresponding period of the previous year. This growth was mainly attributable to volume-driven operating leverage.
The group recorded a net profit of Rs.795 million in the first nine months of the financial year 2024/25, reflecting a 69 percent increase from Rs.472 million reported in the same period of the prior year. The expenses incurred during this period included one-off costs associated with the company’s IPO, following its listing on the Colombo Stock Exchange on October 3, 2024.