First Capital Holdings reports robust first half year performance with Rs.3.43bn PAT

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

First Capital Holdings PLC (the group), a subsidiary of JXG (Janashakthi Group) and a pioneering force in Sri Lanka’s investment landscape, announced a stellar performance for the six months ended September 30, 2025, recording a profit after tax (PAT) of Rs.3.43 billion, a substantial increase from Rs.897 million in the corresponding period of the previous year.
“This performance reflects the group’s disciplined strategic execution, agile response to market dynamics and continued leadership across key segments of Sri Lanka’s capital markets,” stated Managing Director/Chief Executive Officer Dilshan Wirasekara, commenting on the results.
The group’s net trading income before operating expenses for the first half of 2025/26 stood at Rs.5.46 billion, compared to Rs.1.88 billion in the same period of the previous year, underscoring the strength of its diversified business model and its ability to capitalise on favourable market opportunities.
During the period under review, a moderate decline in interest rates was observed following the reduction in the monetary policy rate in May 2025, despite the marginal upward pressure on government securities yields towards the end of the second quarter. This monetary stance fostered positive conditions for trading activities, particularly within the equity market. Consequently, the primary dealer and corporate dealing securities divisions emerged as the largest contributors to the group’s overall trading income.
The group’s primary dealer division reported a PAT of Rs.1.57 billion for the first six months ended September 30, 2025, compared to Rs.578 million in the previous year. The results include a trading gain on government securities amounting to Rs.1.81 billion and net interest income of Rs.988 million (first six months of 2024/25 – trading gain of Rs.396 million and net interest income of Rs.834 million).
The corporate finance advisory and corporate dealing securities divisions delivered a PAT of Rs.1.81 billion for the six months ended September 30, 2025, a substantial increase from Rs.264 million reported in the first six months of the previous year, reflecting the growing demand for strategic financial solutions and the group’s continued focus on creating value for its clients and stakeholders. 
Meanwhile, the wealth management division reported a PAT of Rs.48 million for the six months ended September 30, 2025 (first six months of 2024/25 – Rs.49 million), with assets under management standing at Rs.99 billion as of September 30, 2025 (March 31, 2025 – Rs.112 billion).
The stockbroking division recorded a PAT of Rs.116 million for the six months ended September 30, 2025, compared to Rs.6 million in the corresponding period of the previous year, a clear indicator of renewed investor participation and improved market sentiment.
In recognition of the strong performance, the board of directors of the company declared an interim dividend of Rs.7.00 per share, amounting to Rs.2.84 billion for the year 2025/26 in October 2025.
Commenting on the performance, First Capital Holdings Chairman Rajendra Theagarajah stated, “Our performance this year reflects the effectiveness of our strategy and the strength of our people. We continue to navigate a rapidly changing market with clarity and conviction, driving sustainable growth while delivering long-term value to our stakeholders. The results reinforce our confidence in the fundamental opportunities within Sri Lanka’s capital markets and our resolute commitment to deepening our contribution to the country’s financial ecosystem.”
Adding perspective on the group’s forward-looking outlook, Wirasekara said, “Each of our business segments continues to demonstrate strong operational momentum, supported by strategic agility and a culture of innovation. We remain focused on strengthening our leadership in the capital markets space, leveraging our expertise to help investors and institutions unlock long-term value and opportunity.”
Adding to this positive momentum, Lanka Credit Rating Agency Limited upgraded the company’s credit rating to ‘A+’, from ‘A’, with a stable outlook, reflecting strengthened financial strength and market confidence. This upgrade reflects First Capital’s sustained profitability, sound capital structure, robust governance and strategic leadership in Sri Lanka’s evolving capital market landscape.
First Capital Holdings reinforces its position as a trusted market leader, leveraging expertise, innovation and strategic insights to drive sustainable growth.