Corporate News
View all(69)📈 Dialog Consolidates 1H 2026 Performance with Rs 19.3Bn NPAT
• Group Financial Highlights (1H 2026): • Revenue: Rs 95.5Bn (up 9% YTD) • EBITDA: Rs 50.0Bn (up 23% YTD, EBITDA margin at 52.3%) • Net Profit (NPAT): Rs 19.3Bn (up >100% YTD, supported by forex gains and lower finance costs) • Operating Free Cash Flow: Rs 18.4Bn • Segment Performance: • Mobile & Core: Dialog Axiata PLC contributed 77% to revenue (Rs 73.3Bn, up 11% YTD) and NPAT reached Rs 15.8Bn. • Digital Pay TV: Dialog Television revenue grew 17% YoY to Rs 7.5Bn, with NPAT of Rs 0.4Bn. • Fixed Telecoms & Broadband: Dialog Broadband Networks revenue rose 3% YTD to Rs 17.9Bn, driving NPAT up 41% to Rs 4.1Bn. • National Contribution & Investment: • State Revenue: Remitted Rs 30.9Bn to the GoSL (Rs 8.1Bn direct, Rs 22.8Bn indirect), up 9% YoY. • Digital Infrastructure: Invested Rs 18.5Bn in Capex, accelerating 5G rollout to over 1,000 live sites, launching 5G-powered Dialog Air Fibre, and introducing Dialog Pay to expand ICT/BPM and digital financial services. • Shareholder Returns: • Board approved a 2nd interim dividend of Rs 0.70/share (YTD DPS: Rs 1.40; annualized yield: 6.1%).
Five Bidders Shortlisted for Canwill Holdings Divestiture 📈
• Divestiture Progress: The Government shortlisted 5 out of 8 interested parties for the stake sale in State-Owned Enterprise Canwill Holdings Ltd., advancing them to the Request for Proposals (RFP) stage. • International Interest: Indian hospitality firms Chalet Hotels Ltd. and Juniper Hotels Ltd. were pre-qualified by the Ministry of Finance. • Local & Consortium Bids: Three other shortlisted proposals involve Sri Lankan firms, including a consortium of Phoenix Ventures Ltd. and Bluestone Capital Ltd., Ceylon Steel Corporation Ltd., and a joint offer by EML Consultants PLC with Italy’s Kimetal S.r.L. • Key Assets: Canwill Holdings is the parent company of: • Sinolanka Hotels & Spa Ltd.: Developing a 47-storey Grand Hyatt Colombo project featuring 458 hotel rooms and 100 serviced apartments. • Helanco Hotels & Spa Ltd.: Held a 9.42-acre beachfront lease in Hambantota, which expired due to non-initiation of construction. • Process Timeline: Expressions of Interest were called on 24 December 2025, with 8 parties submitting by the 16 March deadline. Shortlisted pre-qualified bidders now proceed to the second-stage RFP process.
📈 Janashakthi Life Outperforms Sector with 36% H1 2026 Revenue Growth
• Financial Performance: Gross Written Premiums (GWP) surged 36% YoY to Rs. 5.11 Bn in H1 2026, significantly outpacing the life insurance industry's 20.8% growth rate. Profit Before Tax (PBT) stood at Rs. 271 Mn (excluding period surplus transfer). • Asset Base: Balance sheet assets expanded to Rs. 41.14 Bn as of Q2 2026, up from Rs. 40.37 Bn at the end of 2025, providing a stronger base to support an expanding policyholder network. • Claims & Policyholder Benefits: Paid Rs. 2.24 Bn in claims and benefits during H1 2026, maintaining critical financial protection and security for policyholders. • Sector & Segment Growth: Demonstrated outperformance across all core life insurance segments—regular business, group life, and single premium—while leveraging the broader JXG financial services ecosystem. • Industry Recognition: Named among Sri Lanka’s 50 Best Workplaces™ for 2026 by Great Place To Work® and recognized in Brand Finance’s Sri Lanka 100 Most Valuable Brands.
📈 Softlogic Life Delivers LKR 7.2 Bn GWP Growth in 1HFY26
• Financial Performance & Growth Softlogic Life reported its strongest first-half performance for 1HFY26 (ended 30 June 2026). Gross Written Premium (GWP) reached Rs. 26 Bn, representing a 39% YoY increase from Rs. 18.7 Bn in 1H2025, driven by the industry's largest absolute GWP growth of Rs. 7.2 Bn. Profit After Tax (PAT) rose 20% YoY to Rs. 1.46 Bn, while Profit Before Tax (PBT) increased 14% YoY to Rs. 1.98 Bn. • Market Position & Asset Base The company expanded its market share in Sri Lanka's life insurance sector to 20.3% in Q2 2026 (up from 18.4% in FY2025). Total assets increased to Rs. 81.6 Bn, supported by Rs. 61 Bn in financial investments (75% of total assets, with 74% allocated to Government securities). Total equity reached Rs. 14.6 Bn. • Claims & Customer Coverage As the country's leading health and protection claims payer, the insurer paid Rs. 10.4 Bn in total claims and benefits in 1HFY26 (vs. Rs. 9.1 Bn in 1H2025). Over Rs. 7.2 Bn was allocated specifically to health and protection claims. The company now covers 1.8 Mn+ Sri Lankans across 870,000+ active policies. • Strategic Expansion & Diversification Following its acquisition of Allianz Life Insurance Lanka in July 2025, Softlogic Life acquired a 60% controlling stake in Diamond Life Insurance (Bangladesh) in July 2026—marking the first regional acquisition by a Sri Lankan life insurance company.
📈 Janashakthi Finance Q1 FY 2026/27 Profit Surges 51%
• Overall Performance • Net Profit After Tax (NPAT): Rs. 90.4 Mn (up 50.9% YoY vs Rs. 59.9 Mn) • Profit Before Tax (PBT): Rs. 138.2 Mn (up 27.1% YoY vs Rs. 108.8 Mn) • Net Operating Income: Rs. 837.8 Mn (up 24.7% YoY vs Rs. 671.6 Mn) • Core Lending & Deposits • Loans & Receivables Portfolio: Rs. 34.5 Bn (up 44.7% YoY vs Rs. 23.8 Bn), demonstrating strong expansion in its finance & leasing core operations • Total Deposit Base: Rs. 18.3 Bn (up 8.1% YoY vs Rs. 16.9 Bn) • Strategic Focus • Driven by solid growth in core non-bank financial institution (NBFI) services, disciplined balance sheet management, and credit expansion under parent group JXG (Janashakthi Group).
First Capital Navigates Market Volatility in Q1 FY2026/27 📉
• Overall Financial Performance First Capital Holdings PLC recorded a Loss after Tax of Rs. 726Mn for Q1 FY2026/27 (ended 30 June 2026), compared to a Profit after Tax (PAT) of Rs. 2.15Bn in Q1 FY2025/26. Net Trading Loss before Operating Expenses stood at Rs. 565Mn versus Net Trading Income of Rs. 3.43Bn YoY. Results were impacted by Middle East geopolitical tensions and a 100 bps policy rate hike by the Central Bank of Sri Lanka. • Sector & Division Breakdowns • Primary Dealer (Fixed Income): Loss after Tax of Rs. 741Mn (vs. PAT of Rs. 1.55Bn YoY). Net interest income was Rs. 351Mn (vs. Rs. 503Mn YoY), alongside a Rs. 1.80Bn trading loss on government securities (vs. Rs. 2.06Bn gain YoY). • Corporate Finance Advisory & Corporate Dealing Securities: PAT of Rs. 22Mn (vs. Rs. 587Mn YoY). • Wealth Management: PAT of Rs. 6Mn (vs. Rs. 27Mn YoY). Assets Under Management (AUM) stood at Rs. 93.3Bn (vs. Rs. 96.2Bn as of 31 March 2026). • Stock Brokering: PAT of Rs. 24Mn (vs. Rs. 32Mn YoY). • National Context & Sustainability Despite rate volatility in fixed income, diversification across capital markets provided earnings support. The Group also secured ISO 14064 GHG emissions verification for 2025/26 via the Sri Lanka Climate Fund, supporting sustainable standards in Sri Lanka's financial services sector.
📈 Ceylinco Life Surpasses Rs. 300 Bn Assets Milestone
Sri Lanka’s market leader in life insurance, Ceylinco Life, has crossed Rs. 300 billion in total assets, reinforcing its financial strength and capital stability. • Asset Growth & Milestones: Total assets reached Rs. 302.5 Bn as of June 30, 2026, growing by Rs. 15.65 Bn (+5.45%) in H1 2026 at an average monthly rate of Rs. 2.58 Bn. This builds on 2025 asset growth of +14.15% (Rs. 287 Bn). • Capital & Risk Resilience: Reported a Risk-Based Capital Adequacy Ratio (CAR) of 406%, significantly above the mandatory regulatory minimum of 120%. • Financial & Market Context: 2025 performance recorded gross written premium income of Rs. 44.18 Bn, total income of Rs. 72.43 Bn, and a Life Fund exceeding Rs. 200 Bn, marking its 22nd consecutive year of market leadership. • Asset Quality & Expansion: Driven primarily by financial investments and real estate expansion, including ongoing construction of its 36th company-owned eco-friendly branch building.
📈 DFCC Bank 1H 2026: Core Franchise Expands Amid Macro Tightening
• Financial Performance: Group Profit After Tax (PAT) stood at Rs. 4.1 Bn (Bank PAT: Rs. 3.9 Bn, down YoY as prudential impairment buffers were reinforced). Total Tax Expense reached Rs. 3.7 Bn (49% tax rate on operating profit). Net Interest Income grew 6% YoY to Rs. 16.1 Bn with a Net Interest Margin of 3.66%. • Core Growth & Balance Sheet: Total assets reached Rs. 921 Bn (Group) / Rs. 919 Bn (Bank, up 7% YTD). Loans grew 9% YTD to Rs. 564 Bn (up 20% over 12 months), while deposits rose 12% YTD to Rs. 632 Bn. CASA ratio improved to 24.99%. • Fee Income & Asset Quality: Net fee and commission income surged 29% YoY to Rs. 4.2 Bn, driven by trade-related commissions and credit card portfolio expansion. Net Stage 3 impaired loan ratio improved to 3.61% (from 4.55% at end-2025). Impairment charges rose to Rs. 4.6 Bn. • Strategic Expansion: Completed acquisition of Standard Chartered Bank’s Sri Lanka Wealth & Retail Banking business (effective 1 Aug 2026), adding ~50,000 accounts, ~260 staff, and expanding network to 139 locations. • Capital & Liquidity: Total Capital Adequacy Ratio maintained at 15.75% (Group). Tier 1 ratio stood at 11.95%. Blue Bond secured supplementary listings on Luxembourg Stock Exchange and India INX (GIFT City). Currently processing up to LKR 15 Bn Basel III Tier II debenture issue.
📈 ComBank Group Deposits Cross Landmark Rs. 3 Tn Threshold in 1H 2026
The Commercial Bank of Ceylon Group has become Sri Lanka’s first private sector banking & financial services group to surpass Rs. 3 Tn in total deposits, driven by robust balance sheet expansion in the first half of 2026. • Deposit & Asset Milestones - Group deposits reached Rs. 3.02 Tn (+20.33% YoY over 12 months; up Rs. 315.13 Bn in 6 months). - Total assets expanded by 10.68% in 6 months (+19.42% YoY) to Rs. 3.74 Tn. • Lending & Revenue Growth - Gross loans and advances rose to Rs. 2.36 Tn (+36.07% YoY; up Rs. 270.43 Bn in 6 months). - Gross income increased 18.28% YoY to Rs. 209.16 Bn for 1H 2026 (Q2 alone up 24.04% to Rs. 110.16 Bn). - Net interest income grew 15.81% YoY to Rs. 79.69 Bn. • Profitability & Financial Health - Net profit after tax reached Rs. 35.42 Bn for 1H 2026 (+13.66% YoY); Q2 net profit grew 7.98% to Rs. 17.49 Bn. - Impairment provisions increased 33.44% YoY to Rs. 14.85 Bn as a prudential buffer against global volatility. - Asset quality improved, with the net Stage 3 impaired loans ratio falling to 1.38% (vs. 1.54% at end-2025). • Capital & Operational Ratios - Tier 1 Capital Ratio stood at 13.23% (regulatory minimum: 10%); Total Capital Ratio at 16.58% (regulatory minimum: 14%). - Return on Equity (ROE) improved to 20.28% (vs. 19.51% at end-2025). - Cost-to-income ratio (excl. financial taxes) improved to 27.82% (vs. 29.66% in 2025).
📈 Nations Trust Bank PAT Soars 77% to LKR 15.6 Bn in 1H 2026
• Overall Financial Performance - Profit After Tax (PAT): LKR 15.6 Bn, up 77% YoY (Q1: LKR 4.6 Bn, followed by strong Q2 acceleration) - Profit Before Tax (PBT): LKR 18.4 Bn, up 7% YoY - Return on Equity (ROE): 31.33% - Net Interest Margin (NIM): 5.58% • Loan Growth & Capital Position - Loan Expansion: LKR 112 Bn, up 26% YoY - Overall Asset Growth: Up 26% - Net Stage 3 Ratio: 1.05% - Tier I Capital Ratio: 12.76% - Total Capital Adequacy Ratio: 16.41% • Strategic Drivers & Key Sectors - Performance boosted by the acquisition of HSBC Sri Lanka's retail banking business (effective May 2026) and a one-off tax credit. - Strategic integration consolidated market leadership in credit cards & premium retail banking, expanding scale across consumer, commercial & corporate banking segments.
📈 Janashakthi PLC to Acquire 100% Stake in Continental Insurance Lanka Limited
Janashakthi PLC (JXG) has signed a Share Purchase Agreement with Melstacorp PLC (MELS) to acquire a 100% stake in Continental Insurance Lanka Limited (CILL), subject to Insurance Regulatory Commission of Sri Lanka (IRCSL) approval. • Acquisition Structure: • Initial controlling stake of 81% • Remaining 19% acquired on a staggered basis (9% in Year 1, 10% in Year 2) • CILL Financial Overview (FYE25): • Gross Written Premium (GWP): LKR 10.73 Bn • Investment Portfolio: LKR 6.64 Bn • Total Assets: LKR 14.20 Bn • Strategic Impact: • Re-enters and expands footprint in Sri Lanka's general insurance and financial services sector • Integrates CILL’s network of 61 business locations and 700+ employees into JXG's ecosystem • Leverages technology to drive innovation and integrate broader financial solutions
📈 Sampath Bank H1 2026: PAT Rises 13% YoY to Rs 16.6 Bn
Sampath Bank PLC reported a robust financial performance for the six months ended 30 June 2026, driven by core revenue growth and strong credit expansion. • Overall Financial Highlights • Profit After Tax (PAT): Rs 16.6 Bn (+13% YoY) • Total Operating Income: Rs 63.3 Bn (+17% YoY) • Net Interest Income (NII): Rs 42.8 Bn (+11% YoY) • Net Fee & Commission Income: Rs 12.2 Bn (+26% YoY) • Total Exchange Income: Rs 7.2 Bn (+198% YoY), aided by LKR depreciation against the USD (by Rs 26.12) • Impairment Charge: Rs 5.0 Bn (+324% YoY) due to loan expansion and prudent overlay provisioning • Cost-to-Income Ratio: 41.7% (vs 40.0% in H1 2025) • Balance Sheet & Growth Trends • Total Assets: Rs 2.13 Tn (+8% vs end-2025) • Gross Loans & Advances: Expanded by Rs 226 Bn (+18%) to Rs 1.45 Tn, supporting core sectors like agriculture and general commerce • Customer Deposits: Rs 1.76 Tn (+Rs 118 Bn / +7.1% vs end-2025) • Net Interest Margin (NIM): Improved to 4.21% (vs 4.11% in 2025) • Capital, Liquidity & Sustainability • Capital Ratios: CET1 at 13.21%, Total Capital at 15.62% (well above regulatory minimums) • Capital Injection: Issued a Rs 10 Bn Basel III-compliant Green Bond in July 2026 • Liquidity: Liquidity Coverage Ratio (LCR) stood strong at 185.04% • ESG/Community: Restored Hurigaswewa Wewa tank to support rural agriculture (307 farming families) and launched waste management & eco-tourism initiatives.