First Capital earnings ease as extraordinary gains in FY24 recede

First Capital Holdings PLC reported a total comprehensive income of Rs. 5.0 billion for the year ended March 31, 2025, down from Rs. 10.1 billion a year earlier, as gains normalised following a sharp decline in interest rates in the previous year.

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The drop in earnings was largely due to the absence of exceptional trading gains recorded in 2023/24, which had been driven by steep rate cuts following the domestic debt optimisation programme and a looser monetary policy stance.