SLT-MOBITEL’s revenue and profit growth in Q1 2026
View(s):The SLT Group recorded a strong start to 2026, with its consolidated revenue rising to Rs.30.8 billion in Q1 (ending March) 2026, up 10.6 per cent from Rs.27.9 billion in Q1 2025. Gross profit expanded to Rs.14.6 billion, a 14.1 per cent increase year‑on‑year, supported by higher broadband demand.
Operating profit surged to Rs.5.1 billion, compared with Rs.3.7 billion in the preceding year, highlighting a 39.1 per cent improvement. Profit before tax climbed to Rs.4.2 billion, up by 55.4 per cent from Rs.2.7 billion in Q1 2025. Profit after tax for the period rose to Rs.3.1 billion, compared with Rs.2 billion last year, a 53.3 per cent increase, the company said in releasing its end March quarterly results.
Direct costs rose 7.6 per cent year-on-year, driven by higher electricity tariffs, fuel prices, and sustained currency pressures, though revenue growth significantly outpaced these increases. Finance costs declined during the period, and foreign exchange movements delivered a net gain compared to losses recorded in Q1 2025, providing an additional boost to profitability. Income tax expenses rose 61.3 per cent in line with the sharp increase in profitability.
Dr. Mothilal de Silva, Chairman, SLT Group, stated, “Our strong first‑quarter performance demonstrates resilience of the SLT Group and success of our strategy. Delivering double‑digit revenue growth and significantly higher profitability, we have signalled a decisive turnaround and built momentum for the rest of the year.”
Riyaaz Rasheed, CEO, SLT-MOBITEL, noted, “With revenue increases and broadband growth, we are capturing opportunities of a data‑driven future, maintaining cost discipline and efficiency.”
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