JXG FY25 performance reveals Rs.5.24 bn profit
View(s):JXG (Janashakthi Group), Sri Lanka’s emerging financial conglomerate, has reported a Consolidated Group Net Profit After Tax (NPAT) of Rs.5.24 billion for year ending March 31, 2025.
For the 12-month period under review, the Group recorded a revenue of Rs.24.76 billion with the primary contribution coming from the investment banking arm, First Capital Holdings PLC, followed by the insurance arm, Janashakthi Insurance PLC and the finance and leasing arm, Janashakthi Finance PLC, the company said in a media release.
The Investment Banking Sector recorded a NPAT of Rs.5.02 billion, marking the second-highest performance in First Capital’s history.
The Insurance Sector recorded a NPAT of Rs.4.51 billion inclusive of surplus transfer driven by the 43.9 per cent year-on-year increase in Gross Written Premiums (GWP) for the financial year ended December 2024, totalling Rs.6.60 billion, up from Rs.4.58 billion from the previous year.
Ramesh Schaffter, MD/Group CEO of JXG (Janashakthi Group) said: “As we close FY25, we do so on the back of a commendable financial performance amidst a recovering economy and a shifting national landscape. Over the past year, we have sharpened our strategic focus — we aim to deliver smarter, more accessible financial solutions, while advancing the strategic moves necessary to scale efficiently and sustainably.”
Chandan de Silva, Group Chairman of JXG (Janashakthi Group), also spoke on the company’s achievements, adding, “FY25 was a transformative year for JXG. Unlike the prior year, where performance was driven by market volatility, this year’s success stems from thoughtful execution, long-term investments, and market adaptability.”
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