SLT-Mobitel gains strategic momentum following 1H turnaround performance

SLT-Mobitel is set to play a central role in accelerating Sri Lanka’s adoption of AI and digital technologies, following a strong financial recovery in the first half of 2025.

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Anchored by a decisive financial turnaround that delivered Rs. 4.3 billion Profit After Tax (PAT) in 1H 2025 compared to a loss of Rs. 323 million the previous year, SLT-Mobitel is strongly placed to lead the development of critical digital infrastructure at a time when national capacity in AI, data systems, and connectivity is becoming increasingly vital.

Deputy Minister of Digital Economy, Eng. Eranga Weeraratne, in his remarks on the company’s turnaround said, “The organisation’s strong 1H turnaround comes after a period of prolonged divestiture uncertainty under the previous administration.

The change in policy direction under the NPP government, which categorically stated that SLT-Mobitel would not be sold, has provided the clarity and assurance needed to protect this vital national asset. Backed by decisive leadership and strong government support, the company has been able to focus on revival—introducing innovative and streamlined mobile packages, enhancing customer service, and stabilizing its mobile network operations.

Through strategic leadership, targeted capital allocation, and disciplined execution, SLT-Mobitel has not only restored stakeholder confidence but also positioned itself with renewed strength and clarity of purpose. Today, it operates with greater efficiency and resilience, ready to meet the demands of a rapidly evolving digital landscape, and serves as a strategic enabler in Sri Lanka’s national digital transformation agenda.”