First Capital Holdings PLC (the Group), a subsidiary of JXG (Janashakthi Group) and a pioneering full-service investment institution, announced its financial results for the first quarter ended 30 June 2025, reporting a Profit after Tax (PAT) of Rs. 2.15Bn, a substantial increase from Rs. 582Mn recorded in the corresponding period of the previous year. This strong performance reinforces the Group’s position as a leading investment institution in Sri Lanka, driven by strategic market alignment and sectoral diversification.
The Group’s Net Trading Income before Operating Expenses stood at Rs. 3.40Bn, up from Rs. 1.12Bn in the same quarter of last year, reflecting effective execution in a favourable market shaped by a moderate decline in interest rates following a reduction in the monetary policy rate.
The Group’s Primary Dealer division emerged as the largest contributor, delivering a PAT of Rs. 1.55Bn (2024/25 – Rs. 464Mn). This includes a trading gain of Rs. 2.06Bn on government securities and net interest income of Rs. 503Mn, compared to Rs. 462Mn and Rs. 387Mn respectively in the previous year.
The Corporate Finance Advisory and Corporate Dealing Securities divisions also reported a marked improvement, posting a combined PAT of Rs. 587Mn (2024/25 – Rs. 73Mn), reflecting renewed capital market activity and investor appetite.
Meanwhile, the Wealth Management division recorded a PAT of Rs. 27Mn (2024/25 – Rs. 29Mn), with Assets Under Management (AUM) standing at Rs. 108Bn as of 30 June 2025 (31 March 2025 – Rs. 112Bn), supported by consistent client engagement and a stable portfolio strategy.
The Stock Brokering division continued its growth trajectory, recording a PAT of Rs. 32Mn, more than doubling from Rs. 15Mn reported in the corresponding period of the previous year.
Adding to this positive momentum, the Lanka Credit Rating Agency Limited (LRA) upgraded the Company’s credit rating from “A” to “A+” with a revised outlook from positive to stable, reflecting strengthened financial resilience and market confidence.
Rajendra Theagarajah, Chairman of First Capital Holdings PLC, commenting on the results, stated, “These results are an indication to the Group’s strategic clarity, timely decision making, and deep domain expertise. Amidst shifting market dynamics, First Capital has demonstrated its ability to create sustainable value across key verticals. The upgraded credit rating further reinforces the market’s confidence in our long-term trajectory and prudent risk management.”
Dilshan Wirasekara, Managing Director/CEO of First Capital Holdings PLC, added., “We have strategically positioned ourselves to leverage emerging opportunities across the debt and equity markets. Our Primary Dealer and Corporate Finance teams capitalised on improved market conditions, while our Wealth Management and Stock Brokering divisions continue to build scale and relevance. We remain focused on driving innovation, deepening client relationships, and maintaining our leadership in the investment banking space.”
With interest rate moderation offering boost to market activity, First Capital Holdings PLC remains committed to delivering superior returns to its stakeholders. By integrating its core competencies with a client-centric and performance-driven approach, the Group is poised to play a central role in Sri Lanka’s capital market recovery and future growth.
About First Capital Holdings PLC
First Capital Holdings PLC is a listed full-service investment institution in Sri Lanka, operating as a primary dealer, corporate finance advisor, wealth manager and stockbroker. With strong emphasis on upholding stability, fostering a competitive advantage, and providing an exceptional customer experience, together with the support of JXG (Janashakthi Group), First Capital focuses on staying true to its ‘Performance First’ ethos. The company has been recognised as the Most Valuable Consumer Brand in the Investment Banking sector by Brand Finance for two consecutive years. First Capital has been honoured with the highest recognition as the ‘Brand of the Year’ at the SLIM Brand Excellence Awards 2024. With over four decades of expertise in providing capital market solutions, the Credit Ratings of First Capital Holdings PLC and First Capital Treasuries PLC (subsidiary) were upgraded by Lanka Credit Rating Agency Limited (LRA) from “A” to “A+” with the outlook revised from positive to stable.
