First Capital Holdings reports robust first half year performance with Rs.3.43bn PAT

First Capital Holdings PLC (the group), a subsidiary of JXG (Janashakthi Group) and a pioneering force in Sri Lanka’s investment landscape, announced a stellar performance for the six months ended September 30, 2025, recording a profit after tax (PAT) of Rs.3.43 billion, a substantial increase from Rs.897 million in the corresponding period of the previous year.

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From left: Chairman Rajendra Theagarajah and MD/CEO Dilshan Wirasekara

“This performance reflects the group’s disciplined strategic execution, agile response to market dynamics and continued leadership across key segments of Sri Lanka’s capital markets,” stated Managing Director/Chief Executive Officer Dilshan Wirasekara, commenting on the results.

The group’s net trading income before operating expenses for the first half of 2025/26 stood at Rs.5.46 billion, compared to Rs.1.88 billion in the same period of the previous year, underscoring the strength of its diversified business model and its ability to capitalise on favourable market opportunities.

During the period under review, a moderate decline in interest rates was observed following the reduction in the monetary policy rate in May 2025, despite the marginal upward pressure on government securities yields towards the end of the second quarter. This monetary stance fostered positive conditions for trading activities, particularly within the equity market. Consequently, the primary dealer and corporate dealing securities divisions emerged as the largest contributors to the group’s overall trading income.