SLT Group delivers strong 1Q25 as Mobitel lifts top line

Sri Lanka Telecom (SLT) Group reported a profit after tax of Rs. 2.00 billion for the quarter ended 31 March, sharply higher than Rs. 156 million a year earlier, supported by tighter financial management and improved operational efficiencies.

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Group revenue rose 3.4 percent year-on-year to Rs. 27.85 billion, driven mainly by higher contributions from its mobile unit, Mobitel, while revenue from SLT PLC remained broadly stable.

The Group's cost optimisation initiatives continued to yield positive results, with operating expenses decreasing 2.9 percent to Rs. 710 million compared to the same period last year. The reduction, combined with revenue growth, led to a 13 percent increase in EBITDA to Rs. 10,443 million.

At company level, SLT PLC reported a marginal 0.7 percent increase in revenue of Rs. 117 million compared to 1Q 2024, primarily driven by growth in enterprise, small and medium enterprises (SMEs) and broadband streams.