CIC 9MFY26 revenue grows despite cyclone disruption
View(s):Agriculture-rich and diversified conglomerate CIC Holdings PLC’s consolidated revenue rose by 8.7 per cent to Rs. 70.28 billion for the nine months ending December 31, 2025 when compared to the previous corresponding year, despite the disruption caused to agriculture from Cyclone Ditwah.
The group’s gross profit increased by 10.11 per cent to Rs. 18.42 billion, with the gross profit margin for the period under review improving to approximately 26 per cent, supported by disciplined pricing and product mix optimisation.
Profit after tax (PAT) increased to Rs. 5.97 billion from Rs. 5.70 billion in the corresponding period of the previous year, despite losses incurred in parts of the group’s agriculture operations following the impact of Cyclone Ditwah, which disrupted cultivation activity during the Maha season, the company said in a media release.
The group’s Crop Solutions sector remained the largest contributor to consolidated revenue, accounting for approximately 44.7 per cent of total revenue, followed by Livestock Solutions at 21 per cent and Health and Personal Care at 20.18 per cent. The remaining sectors, Industrial Solutions and Agri Produce, contributed 8.6 per cent and 6.4 per cent to group turnover respectively. Health and Personal Care, particularly export-driven product lines, recorded improved performance during the period, alongside continued growth in feeds, poultry, and veterinary care solutions, which supported the group’s overall operating results.
Despite cyclone-related disruption to cultivation cycles, the group delivered a strong operating performance, with EBITDA and operating profit (EBIT) both recording year-on-year growth. Operating profit (EBIT) closed at Rs. 9.67 billion, compared to Rs. 8.62 billion in the corresponding period of the previous year.
Commenting on the performance, CIC Holdings Group CEO Aroshan Seresinhe said, “Despite the disruption caused by Cyclone Ditwah to agricultural activity during the Maha season, the group remained focused on supporting farming communities through well clean-up operations, field renovation, and the restoration of cultivation activity. At the same time, strong performances from our pharmaceuticals, livestock solutions, and healthcare businesses enabled us to sustain operating momentum. Our diversified portfolio and disciplined execution continue to strengthen our ability to manage short-term volatility while advancing food security, healthcare access, and long-term value creation for all stakeholders.”
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