SLT-Mobitel's Q1 surge reinforces role as pillar of progress

IN a powerful demonstration of strategic renewal, SLT-Mobitel has reported a remarkable turnaround in its financial performance for the first quarter of 2025, posting a Group Profit After Tax (PAT) of Rs. 2,001 million, a dramatic leap from Rs. 156 million in Q1 2024.

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This performance not only underscores the company’s operational resilience but also reaffirms its role as a national asset driving Sri Lanka’s digital future.

“This is more than a financial milestone — it is a reaffirmation of our role as a resilient and indispensable pillar of Sri Lanka’s digital future,” said SLT-Mobitel Chairman Dr. Mothilal de Silva.

The Group’s resurgence was underpinned by strong contributions from both of its core business units. SLT PLC achieved a 369.9% increase in PAT to Rs. 1,344 million, supported by a 380% surge in PBT and a 60.3% rise in operating profit, driven by revenue growth in the enterprise, SME, and broadband segments, as well as reflecting disciplined cost management and operational efficiency.

Meanwhile, Mobitel (SLT-Mobitel Mobile) emerged as a standout performer, reporting Rs. 11.8 billion in revenue, driven by surging demand for mobile data services. Its EBITDA rose by 28.5%, with a 30% EBITDA margin, and operating profit surged by 392%, marking a turnaround from a net loss in Q1 2024 to a net profit of Rs. 477 million. SLT-Mobitel Mobile’s recognition as Sri Lanka’s fastest 4G network for 2024 by Ookla further cemented its leadership in mobile connectivity.