CIC Holdings delivers over 24% net profit growth in FY26 amid sectoral resilience

Chairman S.H. Amarasekara

Group CEO Aroshan Seresinhe

Diversified conglomerate CIC Holdings PLC recorded a consolidated revenue of Rs.91.75 billion for the year ended March 31, 2026 (FY26), reflecting a 10.16 percent year-on-year growth.
The group gross profit rose by 8.39 percent to Rs.24.09 billion, with the gross margins maintained at approximately 26.25 percent. 
The group operating profit increased by 10.39 percent to Rs.11.90 billion. Profit after tax increased by 24.50 percent to Rs.8.25 billion, compared to Rs.6.63 billion in FY25. 
Profit before tax increased by 23.97 percent to Rs.11.42 billion, supported by a stronger operating performance and a higher share of profit from the equity-accounted investees. 
The group EBIT closed at Rs.11.90 billion, compared to Rs.10.78 billion in the previous year, while the finance costs increased by 12.49 percent to Rs.2.66 billion, reflecting higher working capital requirements. 

The crop solutions segment remained the largest contributor, accounting for approximately 40.8 percent of total segmental revenue. Livestock solutions and health and personal care each contributed approximately 21 percent, while industrial solutions and agri produce contributed approximately 10 percent and 7 percent, respectively.
Across the five industry sectors, the crop solutions revenue grew from Rs.33.84 billion to Rs.38.64 billion, remaining the largest profit contributor at Rs.4.41 billion. The livestock solutions revenue grew from Rs.18.05 billion to Rs.19.86 billion, with a 19.09 percent increase in segmental profit to Rs.2.21 billion. 
The health and personal care revenue increased from Rs.19.12 billion to Rs.19.85 billion, recording the strongest segmental profit growth by increasing 33.65 percent to Rs.2.74 billion. The industrial solutions revenue increased from Rs.8.40 billion to Rs.9.16 billion, with profit growing by 20.74 percent to Rs.1.70 billion.
The group maintained sectoral profitability despite the losses in agri produce caused by Cyclone Ditwah, which affected cultivation activity and field operations. The agri produce revenue grew from Rs.5.84 billion to Rs.6.35 billion, recording a profit of Rs.286 million, reflecting the impact of weather-related disruptions and the liberalisation of rice imports to Sri Lanka. 
During the period, CIC engaged in clean-up operations, field restoration and renovation support for farming communities. Health and personal care recorded earnings growth, supported by pharmaceuticals and the Link Naturals export business, while livestock solutions benefited from the higher feed volumes, poultry demand and growth in veterinary care.
Earnings per share increased by 26.77 percent, from Rs.2.87 to Rs.3.64. Total assets stood at Rs.99.75 billion. The company carried out a 1:5 ordinary share split in October 2025, the second share split executed within five years.
CIC Holdings Group CEO Aroshan Seresinhe stated, “FY26 demonstrated the resilience of CIC’s diversified business model and the commitment of our teams across all sectors. While Cyclone Ditwah created disruptions for the agricultural communities and affected parts of our agri operations, our priority was to support the farmers and other ground level stakeholders through this hardship to ensure the earliest resumption of cultivation activities, through impactful productivity enhancement initiatives. At the same time, the strong performances from pharmaceuticals, industrial solutions, Link Naturals’ export business, medical devices, feeds, poultry and veterinary care helped sustain the group’s operating momentum. We remain focused on strengthening Sri Lanka’s agriculture and healthcare ecosystems, while creating sustainable long-term value for all stakeholders.”