PickMe delivers Rs. 1.17 b net profit in first full year post-IPO

■ Achieves 54% Return on Equity ■ Gross Transaction Value up 47% to Rs. 57 b ■ Expands operations to five new regions: Jaffna, Ratnapura, Nuwara Eliya, Puttalam, and Anuradhapura; Regional trips now make up 19% of total volume ■ Invests over Rs. 1 b in technology and intellectual property

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PICKME, Sri Lanka's homegrown technology platform facilitating ride-hailing and delivery, has reported a standout year of performance, recording a Profit After Tax (PAT) of Rs. 1.17 billion for the financial year ending 31 March 2025.

This 72% year-on-year increase marks the company ending its first full financial year since listing on the Colombo Stock Exchange, with the strongest quarter to date.

The company’s success isn’t just measured in numbers. In a country where digital infrastructure is still evolving, PickMe plays a pivotal role in shaping Sri Lanka's shared economy, a system in which value is created by leveraging underutilised resources such as private vehicles, independent drivers, and local delivery agents.

Through its technology platform, PickMe is unlocking income opportunities for thousands of everyday Sri Lankans while improving access to essential services across the country.

For FY2024/25, the company’s revenue rose 49% to Rs. 5.8 billion, while Gross Transaction Value (GTV) surged to Rs. 57 billion, a 47% increase over the previous year.

These gains were fuelled by a 44% increase in overall platform movements and steady growth in monthly active users, which reached an alltime high by year-end.

CEO Jiffry Zulfer attributes this growth to the scalability of the platform model.