PickMe rides high in September on rising platform movements

Digital Mobility Solutions Lanka PLC or popularly known as PickMe added momentum to its operations and thereby its financial performance for the quarter ended in September 2025, as the country’s biggest ride-hailing service has been expanding operations while diversifying its services within its turf.
The company reported revenues of Rs.2.10 billion for the July-September quarter, up 51 percent from the same period last year and 17 percent from the previous quarter, reflecting persistent growth in the company.
The company attributed this to the rising transaction volumes, made possible by the record number of monthly unique users and independent third-party drivers on the platform.
The company measured the total platform movements in the quarter to have risen by 53 percent from the same period last year.
Highlighting strong recent momentum, platform movements in the second quarter increased sequentially by 23 percent compared to the first quarter of FY25/26, the highest recorded quarterly growth post second quarter of FY23/24, the company said in an earnings release.
Meanwhile, in further expanding its services, the company during the quarter has started offering courier services to enable scheduled parcel delivery via its platform.
Further, the platform has also expanded into offering events where ticketing and access to experiences are also facilitated.
The company said the initial market response for the two services has been encouraging.
“These product verticals have enabled the company to strategically expand its total addressable market,” the company said.
The company also reported an operating profit of Rs.703.66 million for the three months, up by a robust 86.3 percent from the same period last year.
This is while improving the level of efficiency, as the company’s operating margin expanded to 33.5 percent, from 27.2 percent a year ago.
Against this backdrop, the company reported earnings of Rs.1.54 a share or Rs.513.91 million for the three months, up 84 percent from 84 cents a share or Rs.279.96 million reported in the same period last year.
For the six months ended in September, the company reported earnings of Rs.2.85 a share or Rs.950.43 million, compared to Rs.1.51 a share or Rs.502.55 million in the corresponding period last year.
The company declared an interim dividend of Rs.1.70 a share, which works out to a 60 percent pay out.
The company also has decided to establish an employee share option scheme consisting of 16,666,000 ordinary voting shares, which comes to about 5 percent of the company, over a five-year period from July 1, 2025 to July 1, 2030.
This was done with the objective of attracting and retaining the top talent with the company.
The earlier plan, which allocated 2,887,064 shares or 0.87 percent stake in the company for the employees, was made to qualifying employees on July 1, 2025, vesting over four years subject to performance conditions.
Founder owner J.Z. Hassen owns a 35.79 percent stake in the company while the rest of the top 20 shareholders consist of a diverse set of stockholders from foreign funds to key corporate figures to institutional investors.