Colombo, Sri Lanka – 17 August 2026 – Janashakthi PLC (CSE: JXG), a diversified financial services conglomerate, today announced its interim unaudited financial statements for the first quarter ended 30th June 2026. The Group demonstrated robust growth in its asset base and equity, driven in part by a successful Initial Public Offering (IPO), even as it navigated a challenging market environment that led to a net loss for the quarter.
Strong Asset Base and Equity Growth Underscore Resilience
As of 30th June 2026, Janashakthi PLC’s Group assets experienced significant growth, reaching LKR 171.41 billion, an increase from LKR 158.51 billion recorded at the end of the financial year on 31st March 2026. This substantial expansion reflects the Group’s strategic investments and operational resilience.
Total Group equity also saw a remarkable uplift, rising to LKR 21.33 billion from LKR 17.15 billion as of 31st March 2026. This increase was notably bolstered by the successful Initial Public Offering (IPO) in April 2026, which injected LKR 5 billion into the Company’s stated capital. Consequently, the Group’s net assets per share improved to LKR 6.64 as of 30th June 2026, up from LKR 6.07 on 31st March 2026.
Q1 FY2026/27 Performance Reflects Market Dynamics
For the quarter ended 30th June 2026, the Janashakthi Group reported revenue of LKR 6.40 billion, a decrease compared to LKR 7.24 billion in the corresponding quarter of 2025. Gross profit for the period stood at LKR 3.87 billion, down from LKR 4.52 billion in the previous year’s first quarter.
The Group recorded a net loss of LKR 780.77 million for the quarter, a notable shift from the net profit of LKR 2.18 billion achieved in Q1 2025. This performance translated to a basic loss per share of LKR (0.30), contrasting with a profit per share of LKR 2.38 in the prior year’s comparative period.
Key factors contributing to the net loss include a significant negative swing in the fair value of financial assets, which recorded a loss of LKR 972.87 million in Q1 2026, compared to a gain of LKR 1.26 billion in Q1 2025. Additionally, administrative and other operating expenses saw an increase during the period.
Strategic Expansion with Continental Insurance Acquisition Signals Future Growth
Demonstrating its commitment to strategic expansion, Janashakthi PLC announced a pivotal move subsequent to the reporting period. On 13th August 2026, the Company entered into a Share Purchase Agreement with Melstacorp PLC to acquire a 100% stake in Continental Insurance Lanka Limited (CILL) for LKR 5.2 billion. This acquisition, which is subject to the approval of the Insurance Regulatory Commission of Sri Lanka (IRCSL), will see JXG initially acquire an 81% controlling stake, with the remaining balance to be acquired on a staggered basis over the subsequent two years.
This strategic acquisition, alongside the successful IPO that increased issued ordinary shares to 2.3 billion, positions Janashakthi PLC for enhanced market presence and diversified growth in the coming periods, despite the interim challenges reflected in the Q1 results.
Shareholder Information
As of 30th June 2026, Janashakthi PLC maintained a public shareholding percentage of 21.14%, distributed among 17,130 public shareholders. The float adjusted market capitalization stood at LKR 5.88 billion.
The interim condensed financial statements were approved by the Board of Directors on 14th August 2026.
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