JXG’s Rs. 2.28 bn Net Profit in Q1 FY26
View(s):Sri Lanka’s newly-emerging financial conglomerate, JXG (Janashakthi Group), has reported a consolidated net profit after tax (NPAT) of Rs. 2.28 billion for the first quarter ended 30th June 2025, the group said in a media release.
The group’s performance was enhanced by a robust 41 per cent year-on-year (YoY) growth in consolidated revenue, which reached Rs. 8.36 billion.
Janashakthi Insurance PLC, the group’s insurance arm, delivered a NPAT of Rs. 1.32 billion for the quarter under review, marking a significant 70 per cent increase compared to the corresponding period last year. This performance was underpinned by new business premiums soaring by 73 per cent in regular first-year premiums, reflecting the company’s focused efforts on customer acquisition and enhanced channel engagement.
First Capital Holdings PLC, the group’s investment banking vertical, continues to be a pivotal contributor to the group’s performance. The vertical recorded a NPAT of Rs. 2.15 billion, a significant increase from Rs. 582 million in same period last year. The Primary Dealing and Corporate Dealing Securities divisions contributed significantly to this performance by capitalizing on the moderate decline in interest rates to secure a strong market position in debt and equity securities.
Commenting on the group’s performance, Chandan de Silva, Group Chairman of JXG said, “This quarter’s results mark a meaningful milestone in our group’s journey as a financial services group. The strong performances across our subsidiaries reflect the strategic clarity and executional discipline that guide our efforts.”
Ramesh Schaffter, Managing Director/Group CEO of JXG (Janashakthi Group) added, “This encouraging performance reflects the strength of our team, and our ability to execute with focus and agility. While the broader Sri Lankan economy remains dynamic, we are committed to navigating the evolving environment with strength and discipline.”
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