CIC Holdings lifts quarterly profit on strong margins, diversified growth

Chairman S.H. Amarasekara

Group CEO Aroshan Seresinhe

Diversified conglomerate CIC Holdings PLC reported a solid performance in its second quarter of FY2025/26, with continued the topline growth and improved profitability despite the challenges stemming from the delayed Maha cultivation season.
For the three months ended September 30, the group’s revenue and profitability reflected strong operational efficiency and resilient demand across the key business segments, underscoring steady execution during what is typically its softer quarter. 
The operating profit (EBIT) rose 18.6 percent year-on-year to Rs.5.7 billion, while profit before tax climbed 19 percent to Rs.4.9 billion, driven by stronger margins and disciplined cost management.
In the first half of FY2025/26 (1HFY26), CIC recorded consolidated revenue of Rs.41.6 billion, up 7.2 percent year-on-year, with profit after tax increasing 14.7 percent to Rs.3.25 billion, from Rs.2.83 billion a year earlier. Gross profit expanded 11.68 percent to Rs.11.2 billion, lifting the gross margin to about 27 percent.
Crop solutions remained the group’s largest revenue generator, accounting for 40 percent of consolidated turnover, followed by livestock solutions and health and personal care, which each contributed 22 percent. Industrial solutions and agri produce accounted for 9.33 percent and 6.6 percent, respectively.
The segmental data reflected broad-based growth: crop solutions revenue grew to Rs.17.1 billion, from Rs.14.9 billion, health and personal care rose to Rs.9.45 billion and livestock solutions climbed to Rs.9.46 billion, from Rs.8.74 billion. Agri produce and industrial solutions remained steady at Rs.2.84 billion and Rs.4.02 billion.
On profitability, crop solutions posted Rs.2.11 billion in segmental profit, up 16 percent, while livestock solutions and health and personal care rose 32 percent and 33 percent, respectively. Overall, the group’s five core sectors generated Rs.5.4 billion in segmental operating profit, up 16 percent year-on-year, reinforcing its earnings resilience.
Earnings per share increased to Rs.6.86, from Rs.6.12, supported by stronger operating profitability, while total assets reached Rs.98.6 billion, nearing the Rs.100 billion mark.
Commenting on the results, CIC Holdings Group CEO Aroshan Seresinhe said, “As the operating environment stabilises, we will continue to invest responsibly, strengthen our partnerships across the farmer ecosystem and create sustainable, long-term value for all our stakeholders.”