PickMe Unlocks Over Rs. 22 Bn for Earners as 1Q Net Profit Jumps 45% 📈

Digital Mobility Solutions Lanka PLC (PickMe) reported strong financial growth for 1Q FY2026/27, driving massive micro-entrepreneurship across Sri Lanka despite temporary Middle East-led fuel supply constraints. • Financial Performance • Revenue: Rs. 2.5 Bn, up 40% YoY (from Rs. 1.8 Bn) • Net Profit: Rs. 631 Mn, up 45% YoY (from Rs. 437 Mn) • Tax Contribution: Rs. 773 Mn paid in national taxes • Marketplace & Platform Growth • Gross Transaction Value (GTV): Rs. 25.3 Bn, up 48% YoY • Earner Livelihoods: Over 85% of GTV (Rs. 22 Bn, up 50% YoY) flowed directly to independent drivers and merchant earners • Platform Activity: Total movements rose 43% YoY, while average monthly unique consumers hit an all-time high (+40% YoY, +3% QoQ) • Key Highlights & Sector Impact • Key catalyst for national ICT/BPM, e-commerce, and micro-entrepreneurship, generating scale opportunities for independent drivers and small merchants. • Sequential net revenue eased slightly (-1% QoQ) and net profit moderated (-10% QoQ) due to fuel rationing, higher fuel prices impacting consumer affordability, currency depreciation, and increased IT infrastructure investments.