First Capital Holdings records Rs.3.23bn total comprehensive income

From left: Chairman Rajendra Theagarajah and MD and CEO Dilshan Wirasekara

First Capital Holdings PLC recorded a total comprehensive income of Rs.3.23 billion for the nine months ended December 31, 2025, compared to Rs.4.53 billion in the corresponding period of the previous year. 

For the third quarter of 2025/26, the group reported a total comprehensive loss of Rs.0.17 billion, after accounting for a dividend tax expense of Rs.0.41 billion.

The group’s net income before operating expenses for the nine months of 2025/26 amounted to Rs.6.33 billion, compared to Rs.7.69 billion reported in the corresponding period of the previous year. Trading income was primarily driven by the primary dealer and corporate dealing securities divisions, reinforcing the group’s positioning across fixed income and equity market segments.

The primary dealer division reported a profit after tax (PAT) of Rs.1.64 billion for the nine months ended December 31, 2025 (first nine months of 2024/25 – PAT of Rs.2.45 billion). The results include trading gains on the government securities portfolio of Rs.1.66 billion and net interest income of Rs.1.41 billion (first nine months of 2024/25 – trading gains of Rs.3.18 billion and net interest income of Rs.1.31 billion), reflecting movements in yields and trading conditions during the period.

The corporate finance advisory and dealing securities division recorded a PAT of Rs.1.86 billion for the nine months ended December 31, 2025 (first nine months of 2024/25 – PAT of Rs.1.94 billion). The business unit reported total trading gains of Rs.2.33 billion on its equity portfolio, compared to Rs.2.23 billion in the corresponding period of the previous year, supported by market participation and portfolio positioning. 

The wealth management division reported a PAT of Rs.78.1 million for the nine months ended December 31, 2025 (first nine months of 2024/25 – PAT of Rs.90.1 million). Assets under management stood at Rs.96.4 billion as at December 31, 2025, compared to Rs.115.9 billion as at March 31, 2025, reflecting market conditions and client portfolio adjustments.

The stockbroking division recorded a PAT of Rs.166.3 million for the nine months ended December 31, 2025, compared to Rs.39.5 million reported in the corresponding period of the previous year, supported by increased trading activities.

First Capital Holdings Chairman Rajendra Theagarajah stated, “The operating environment during the period was shaped by shifts in interest rates, capital market activities, and fiscal adjustments. Against this backdrop, the group’s performance reflects the structural strength of its capital markets platform and its ability to generate income across multiple market cycles while maintaining financial discipline.”

First Capital Holdings Managing Director and CEO Dilshan Wirasekara said, “Our priority during the period was to manage each business line with a clear focus on risk, liquidity and execution. Improved performance in stockbroking and consistent contributions from corporate finance reflect our ability to respond to market conditions while aligning capital deployment with client and market opportunities.”