First Capital Holdings PLC, a subsidiary of the Janashakthi Group (JXG) and a leader in Sri Lanka’s investment banking sector, reported a Total Comprehensive Income of Rs. 3.23 billion for the nine months ending December 31, 2025. This marks a decrease from the Rs. 4.53 billion recorded in the same period the previous year. For the third quarter of the 2025/26 fiscal year, the Group posted a Total Comprehensive Loss of Rs. 0.17 billion, which accounts for a dividend tax expense of Rs. 0.41 billion.
The Group’s Net Income before Operating Expenses for the nine months of 2025/26 was Rs. 6.33 billion, down from Rs. 7.69 billion in the corresponding period of the previous year. The Primary Dealer and Corporate Dealing Securities divisions primarily drove trading income, underscoring the Group’s strong presence in the fixed income and equity market segments.
The Primary Dealer division reported a Profit after Tax of Rs. 1.64 billion for the nine months ending December 31, 2025, compared to Rs. 2.45 billion for the same period in 2024/25. This result includes trading gains on the government securities portfolio of Rs. 1.66 billion and net interest income of Rs. 1.41 billion, compared to trading gains of Rs. 3.18 billion and net interest income of Rs. 1.31 billion in the previous year, reflecting changes in yields and trading conditions.
The Corporate Finance Advisory and Dealing Securities division achieved a Profit after Tax of Rs. 1.86 billion for the nine months ending December 31, 2025, slightly down from Rs. 1.94 billion in the previous year. The business unit recorded total trading gains of Rs. 2.33 billion on its equity portfolio, up from Rs. 2.23 billion in the same period last year, driven by market participation and portfolio strategy.
The Wealth Management division reported a Profit after Tax of Rs. 78.1 million for the nine months ending December 31, 2025, compared to Rs. 90.1 million in the previous year. The division’s Assets under Management stood at Rs. 96.4 billion as of December 31, 2025, down from Rs. 115.9 billion as of March 31, 2025, due to market conditions and client portfolio realignments.
The Stock Brokering division recorded a Profit after Tax of Rs. 166.3 million for the nine months ending December 31, 2025, a significant increase from the Rs. 39.5 million reported in the same period last year, driven by heightened trading activities.
Rajendra Theagarajah, Chairman of First Capital Holdings PLC, commented on the Group’s performance, stating, “The operating environment during the period was shaped by shifts in interest rates, capital market activities, and fiscal adjustments. Against this backdrop, the Group’s performance reflects the structural strength of its capital markets platform and its ability to generate income across multiple market cycles while maintaining financial discipline.”
Dilshan Wirasekara, Managing Director/CEO of First Capital Holdings PLC, added, “Our priority during the period was to manage each business line with a clear focus on risk, liquidity, and execution. Improved performance in stock brokering and consistent contributions from corporate finance reflect our ability to respond to market conditions while aligning capital deployment with client and market opportunities.”
During the reviewed period, First Capital Holdings PLC was awarded the Silver Award under the Service Brand of the Year 2025 at the SLIM Brand Excellence Awards. Furthermore, the Group was recognized as a ‘Great Place to Work’ for the fourth consecutive year, highlighting its ongoing commitment to its people, service delivery, and organizational culture.
