Sri Lanka’s state-backed telecom giant SLT-Mobitel has reported a remarkable turnaround, with Group profit after tax surging to Rs. 10 billion in 2025, marking one of the most significant recoveries in its recent history.

Officials highlighted the 221% improvement as evidence that State-led enterprises can achieve efficiency and profitability when managed effectively. Speaking at a recent event, Digital Economy Deputy Minister Eranga Weeraratne noted that the performance challenges the long-held perception that Government-run institutions are inherently inefficient.

The turnaround was driven by improved cost management, debt reduction, and operational efficiency, alongside pricing adjustments and increased data consumption. The Group’s mobile arm also returned to profitability, supported by stronger distribution networks and broadband growth.

Chairman Mothilal de Silva described 2025 as a “turnaround year,” while CEO Riyaaz Rasheed emphasised disciplined financial controls and continued infrastructure investment.

With expanded 24/7 service centres and new digital solutions such as Ceylon Remit, SLT-Mobitel is positioning itself as a key enabler of Sri Lanka’s digital transformation.