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JXG reports LKR 2.28Bn Net Profit in Q1 FY26, signalling strong start to the year

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(Left to Right) Chandan de Silva, Group Chairman of JXG (Janashakthi Group) and Ramesh Schaffter, Managing Director/Group CEO of JXG (Janashakthi Group).

Continuing its positive trajectory, Sri Lanka’s emerging financial conglomerate, JXG (Janashakthi Group), reported a consolidated net profit after tax (NPAT) of LKR 2.28 billion for the first quarter ended 30th June 2025.

The group’s positive performance was fueled by a robust 41% year-on-year (YoY) growth in consolidated revenue, which reached LKR 8.36 billion. These results were driven by outstanding contributions across the Group’s key business verticals, particularly insurance.

Janashakthi Insurance PLC, the Group’s insurance arm, delivered a strong NPAT of LKR 1.32 billion for the quarter under review, marking a significant 70% increase compared to the corresponding period last year. This performance was underpinned by new business premiums soaring by 73% in regular first-year premiums, reflecting the company’s focused efforts on customer acquisition and enhanced channel engagement.

First Capital Holdings PLC, the Group’s investment banking vertical, continues to be a pivotal contributor to the Group’s performance. The vertical recorded an NPAT of LKR 2.15 billion, a significant increase from LKR 582 million in same period last year. The Primary Dealing and Corporate Dealing Securities divisions contributed significantly to this performance by capitalizing on the moderate decline in interest rates to secure a strong market position in debt and equity securities.

Reporting its first-ever quarterly results as the rebranded Janashakthi Finance PLC, the Group’s finance and leasing vertical posted an NPAT of LKR 59.90 million for the quarter. Net operating income surged to LKR 671.59 million for the quarter, a 35% YoY increase, driven by an increase in interest income, and an expansion of its loans and receivables portfolio, which increased up to LKR 23.81 billion compared to LKR 16.61 billion in the same period last year.

Commenting on the Group’s performance, Chandan de Silva, Group Chairman of JXG (Janashakthi Group) stated, “This quarter’s results mark a meaningful milestone in our Group’s journey as a financial services group. The strong performances across our subsidiaries reflect the strategic clarity and executional discipline that guide our efforts. As we continue to strengthen our fundamentals and scale, we remain focused on delivering consistent performance and long-term growth.

Ramesh Schaffter, Managing Director/Group CEO of JXG (Janashakthi Group) added, “We’re pleased to report a strong start to FY26, with first-quarter results ahead of expectations. This encouraging performance reflects the strength of our team, and our ability to execute with focus and agility. While the broader Sri Lankan economy remains dynamic, we are committed to navigating the evolving environment with strength and discipline. Building on this positive momentum, we look forward to unlocking new opportunities to expand our contribution to the financial sector and the broader economy.”

JXG (Janashakthi Group) continues to accelerate performance across its core subsidiaries and deepening its commitment to operational excellence. The solid Q1 FY26 results lay a strong foundation for the remainder of the financial year, reinforcing the Group’s commitment to strategic execution and stakeholder value creation.(JXG)



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Financial literacy central to country’s development – CBSL Governor

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Dr. Nandalal Weerasinghe: ‘Financial literacy vital’.

By Hiran H. Senewiratne

Sri Lanka’s financial literacy rate is approximately 58 percent. Such literacy is absolutely necessary for the inclusion of people in the country’s financial system which in turn is central to overall economic development, Central Bank Governor Dr. Nandalal Weerasinghe said.

‘One needs to have knowledge and skills of a financial nature to figure in financial inclusiveness. While 86 percent of Sri Lanka’s population has access to the country’s financial system, 82 percent of the public has at least a savings account in the country’s banking system, Dr Weerasinghe said.

The Governor made these comments recently at the inauguration of Financial Literacy Month 2026 at the Central Bank’s Centre for Banking Studies, Rajagiriya.

Dr. Weerasinghe added: ‘Suitable, affordable and quality financial instruments are needed to enhance financial literacy in the country.

‘Financial information has to be accurate, risk-free and accountable, thus creating confidentiality in the financial system, which would enable the sector to reach greater heights’.

Meanwhile CBSL sources said: ‘The Literacy Month opened with the two-day ‘FinLit Expo Colombo’. The expo gives the public the opportunity to engage with institutions, better understand financial services, gain practical insights into managing their finances and learn how to protect themselves from financial fraud and scams.

‘The CBSL is leading the program in collaboration with stakeholder institutions. It forms part of the Financial Literacy Roadmap for Sri Lanka, which is implemented under the National Financial Inclusion Strategy (NFIS), the national framework for widening access to and use of formal financial services.

‘The Colombo event will be followed by six regional ‘FinLit Expos’ aimed at direct engagement with local communities. Partner institutions will also run awareness activities. Together, the events are intended to provide financial education to communities and encourage people to apply financial knowledge in everyday life.

‘A public awareness campaign on television, radio, newspapers and social media will extend the program’s reach. The program also includes digital financial literacy activities and the promotion of QR codes and other online payment methods.

‘The public and stakeholder institutions are encouraged to take part in the month’s activities under the theme, “Towards a Financially Literate Sri Lanka”.

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HUTCH strikes five awards as the only telco honoured at SLIM DIGIS 2.6

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HUTCH Sri Lanka strengthened its position as a leader in digital engagement by securing five accolades at SLIM Digis 2.6, emerging as one of the most recognized brands at this year’s digital excellence awards. The achievement was further highlighted by HUTCH being the only telecom operator to be recognized at the event.

Organized by the Sri Lanka Institute of Marketing (SLIM), SLIM Digis is Sri Lanka’s premier platform celebrating excellence, innovation, and outstanding achievements in the digital marketing industry. The recognition highlights HUTCH’s growing strength in digital-first, agile, and creative marketing, and its ability to respond to everyday moments, engage audiences, and deliver impactful digital campaigns.

The Gold Award for Best Use of Agile and Moment Marketing, a Silver for Best Use of Digital in a Marketing Campaign, and a Bronze for Best Performance Marketing were all awarded for “Keeping Sri Lanka Connected Through Ditwah,” HUTCH’s response to the cyclone that struck Sri Lanka in November 2025, recognised for the speed and relevance with which HUTCH kept customers better connected and informed.

HUTCH Roaming also earned two further Bronze awards for Best Use of Digital in a Marketing Campaign and Best Use of Creative Content. Bringing together AI-led storytelling, the campaign was designed around distinct customer clusters, each characterized by unique travel behaviours, needs, and perceptions, delivering relevant content for different audiences within a single overarching campaign.

“These wins are a strong reflection of how HUTCH approaches marketing today, staying close to the moments that matter to our customers and responding with speed, relevance, and creativity. Being the only telco recognised at SLIM DIGIS 2.6, and across five categories, is proof that agility and thoughtful storytelling can go hand in hand. This recognition reflects the collective efforts with our strategic partners, whose collaboration, expertise, and shared commitment brought great campaigns to life,” said Hamdhy Hassen, Chief Marketing Officer, HUTCH Sri Lanka.

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Fairway Colombo named Official Accommodation Partner of Manhunt International 2026

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(L-R): Gamunu Cooray, Ms. Tharushi Kulathunga, Avinga Wanigasekara, Arjuna Senanayake, and Jagath De Almeda at the signing ceremony held at Fairway Colombo.

Sri Lanka’s Smart Luxury Business Hotel to Host Delegates and Contestants from Over 40 Countries as the Island Nation Hosts Its First-Ever Global Pageant of This Scale

Fairway Colombo, a subsidiary of Fairway Holdings (Pvt) Ltd, has been appointed as the Official Accommodation Partner for Manhunt International 2026, one of the world’s most prestigious male pageants, scheduled to take place in Sri Lanka.

The event marks a historic milestone for Sri Lanka, as the country prepares to host a global pageant of this scale for the very first time. More than 40 contestants representing countries from across the world will arrive in Colombo, bringing together diverse cultures, international media attention, and a global audience — further strengthening Sri Lanka’s position as a premier destination for tourism, culture, and hospitality.

As the official accommodation partner, Fairway Colombo will welcome and host international delegates and contestants throughout their stay in Colombo, delivering the exceptional hospitality experience and personalized service that the hotel is recognized for.

A Landmark Partnership for Sri Lankan Tourism

“We are truly honored to be selected as the Official Accommodation Partner for Manhunt International 2026. This partnership is a proud moment not only for Fairway Colombo but also for Sri Lanka as a whole. Hosting an event of this global stature provides us with an opportunity to showcase our commitment to smart luxury, innovation, and authentic Sri Lankan hospitality to an international audience. We look forward to creating a memorable and seamless experience for all delegates and guests,” said Avinga Wanigasekara, General Manager of Fairway Colombo.

Strategically located in the heart of Colombo’s historic Fort district, Fairway Colombo is recognized as a Smart Luxury Business Hotel, combining modern comfort, advanced technology, and exceptional service. As part of Fairway Holdings (Pvt) Ltd, the property represents the group’s vision of delivering innovative, world-class experiences across the hospitality and leisure sectors.

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