First Capital Holdings PLC, a subsidiary of JXG (Janashakthi Group) and one of Sri Lanka’s leading integrated financial services providers, reported a resilient performance for the financial year ended 31 March 2026, recording a Profit After Tax of Rs. 2.10 billion despite a challenging operating environment.
The Group’s performance was influenced by the economic impact of Cyclone Ditwah, heightened geopolitical tensions arising from the Middle East conflict, and the settlement of long-standing tax assessments relating to VAT on financial services. Nevertheless, First Capital maintained operational stability and continued to create long-term value through disciplined execution and strategic focus across its business segments.
The Primary Dealer and Corporate Debt Securities businesses remained key contributors, helping the Group generate Net Income before Operating Expenses of Rs. 6.59 billion during the year. The Primary Dealer division recorded a Profit After Tax of Rs. 1.60 billion, supported by strong net interest income and trading gains from government securities.
Meanwhile, the Corporate Finance Advisory and Dealing Securities division posted a Profit After Tax of Rs. 930 million, while the Stock Brokering division achieved a significant improvement, recording a Profit After Tax of Rs. 242 million. The Wealth Management division reported a Profit After Tax of Rs. 84 million, with Assets Under Management reaching Rs. 96.2 billion as at 31 March 2026.
The year also marked a significant milestone for the company as First Capital was awarded Superbrands status in January 2026, reinforcing its reputation as one of Sri Lanka’s most trusted financial services brands.
Chairman Rajendra Theagarajah and Managing Director/CEO Dilshan Wirasekara expressed confidence in the Group’s future, highlighting its diversified business model, strong market presence, client-centric approach and continued investments in advisory, fixed income, stock brokering and wealth management capabilities to support sustainable long-term growth.
