JXG reports Rs.2.28bn net profit in 1Q FY26 signalling strong start to year

Continuing its positive trajectory, Sri Lanka’s emerging financial conglomerate, JXG (Janashakthi Group), reported a consolidated net profit after tax (NPAT) of Rs.2.28 billion for the first quarter ended June 30, 2025.

The group’s positive performance was fuelled by a robust 41 percent year-on-year (YoY) growth in consolidated revenue, which reached Rs.8.36 billion. These results were driven by outstanding contributions across the group's key business verticals, particularly insurance.

Janashakthi Insurance PLC, the group’s insurance arm, delivered a strong NPAT of Rs.1.32 billion for the quarter under review, marking a significant 70 percent increase compared to the corresponding period last year. This performance was underpinned by new business premiums soaring by 73 percent in regular first-year premiums, reflecting the company’s focused efforts on customer acquisition and enhanced channel engagement.

First Capital Holdings PLC, the group’s investment banking vertical, continues to be a pivotal contributor to the group's performance. The vertical recorded an NPAT of Rs.2.15 billion, a significant increase from Rs.582 million in the same period last year. The primary dealing and corporate dealing securities divisions contributed significantly to this performance by capitalising on the moderate decline in interest rates to secure a strong market position in debt and equity securities.

Reporting its first-ever quarterly results as the rebranded Janashakthi Finance PLC, the group's  finance and leasing vertical posted an NPAT of Rs.59.90 million for the quarter. Net operating income surged to Rs.671.59 million for the quarter, a 35 percent YoY increase, driven by an increase in interest income and an expansion of its loans and receivables portfolio, which increased up to Rs.23.81 billion, compared to Rs.16.61 billion in the same period last year.

JXG (Janashakthi Group) Group Chairman Chandan de Silva stated, “This quarter’s results mark a meaningful milestone in our group’s journey as a financial services group. The strong performances across our subsidiaries reflect the strategic clarity and executional discipline that guide our efforts. As we continue to strengthen our fundamentals and scale, we remain focused on delivering consistent performance and long-term growth.” JXG (Janashakthi Group) Managing Director/Group CEO Ramesh Schaffter added, “We’re pleased to report a strong start to FY26, with first-quarter results ahead of expectations. This encouraging performance reflects the strength of our team and our ability to execute with focus and agility. While the broader Sri Lankan economy remains dynamic, we are committed  to navigating the evolving environment with strength and discipline. Building on this positive momentum, we look forward to unlocking new opportunities to expand our contribution to the financial sector and the broader economy.”

JXG (Janashakthi Group) continues to accelerate performance across its core subsidiaries and deepening its commitment to operational excellence. The solid 1Q FY26 results lay a strong foundation for the remainder of the financial year, reinforcing the Group’s commitment to strategic execution and stakeholder value creation.