First Capital Navigates Market Volatility in Q1 FY2026/27 š
⢠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.