WindForce PLC announced the appointment of  Sanjay Kulatunga as an Independent, Non-Executive Director to its Board with effect from 03rd March 2026, following the resignation of Dilshan Hettiaratchi. The appointment further strengthens the Company’s governance framework, strategic oversight, and long-term decision-making capabilities.

Kulatunga brings an established track record as a founder, entrepreneur, and senior executive across financial services and export-oriented industries. He is the Chief Executive Officer and Co-Founder of LYNEAR Wealth Management, a boutique investment firm established in 2013, which has since grown to become one of Sri Lanka’s largest private wealth management institutions, serving high-net-worth individuals as well as local and international institutional clients.

Prior to founding LYNEAR, Kulatunga played a pivotal role in the establishment of Amba Research, an investment research offshoring firm rooted in Sri Lanka and now operating as part of Acuity Analytics.

Over the years, he has contributed extensively to several key national institutions. His previous appointments include serving on the Financial Sector Stability Consultative Committee of the Central Bank of Sri Lanka, as well as the Board of Investment of Sri Lanka and the Securities and Exchange Commission of Sri Lanka.

JXG (Janashakthi Group) reported a solid performance for the nine months ended 31 December 2025 (Q3 FY26), with consolidated Group net profit after tax rising to LKR 3.2 billion, surpassing the LKR 2.9 billion recorded in the corresponding period last year. Group revenue grew 19.2% year-on-year to LKR 21.9 billion, while total assets stood at LKR 163 billion, reflecting sustained balance sheet strength and disciplined growth.

Commenting on the Group’s performance, Chandan de Silva, Group Chairman of JXG (Janashakthi Group), said: “The Group’s performance over the first nine months of FY26 reflects the strength of our portfolio approach and the clarity with which we continue to build Janashakthi as an integrated financial services group. Our focus has been on creating scalable platforms, strengthening governance and ensuring that each business is well-positioned to capture opportunities across market cycles. The consistency we are seeing across the Group underscores the resilience of our strategy and confidence as we move into the final quarter of the financial year.”

Revenue contributions for the year-to-date period were driven by First Capital Holdings (LKR 11.4 billion), Janashakthi Insurance (LKR 6.1 billion) and Janashakthi Finance (LKR 4.4 billion), highlighting the breadth of revenue generation across the Group’s core financial services businesses.

Ramesh Schaffter, Managing Director / Group CEO of JXG (Janashakthi Group), commented: “We are pleased to begin the new calendar year by reporting a strong performance for the Group for the nine months ended, reflecting positive momentum across the last three quarters. This performance positions us firmly as an emerging financial services group and stands as proof to disciplined strategy execution and the robust contributions of our subsidiaries during the period. As we move into the final quarter of the financial year, we do so with confidence, building on a strong foundation and readiness to embrace the next phase of growth.”

Subsidiary performance

First Capital Holdings PLC recorded a Total Comprehensive Income of LKR 3.2 billion, compared to LKR 4.5 billion in the corresponding period last year. The performance reflects mark-to-market gains that were moderate during the period under review compared to previous quarters and periods. While the primary dealing and corporate dealing securities divisions reported a combined PAT of LKR 3.6 Bn, the stockbroking division recorded a Profit After Tax of LKR 166 million for the nine months ended 31 December 2025, up from LKR 39 million in the corresponding period last year.

Janashakthi Insurance PLC, which reports on a December financial year-end, closed the year with a PAT of LKR 3.4 billion. Gross Written Premiums increased 31% year-on-year to LKR8.7 billion, up from LKR 6.6 billion in the corresponding period. The New Business Premium growth of 67% affirms the continued momentum in core insurance operations.

Janashakthi Finance PLC recorded an PAT of LKR 240 million, with Net Operating Income rising 35% year-on-year to LKR 2.2 billion.

Ceylinco Life has recorded its 22nd consecutive year of market leadership in Sri Lanka’s life insurance industry, posting gross written premium income of Rs. 44.18 billion for the year ending 31st December 2025, achieving strong growth of 18.96 per cent.

The company has reported consolidated income of Rs. 72.43 billion for the 12 months, an increase of 10.51 per cent, with investment and other income of Rs. 28.25 billion contributing to the topline.

Ceylinco Life increased the value of its Life Fund by 11.56 per cent to cross the milestone of Rs. 200 billion and reach 201.81 billion as of 31st December 2025; and grew its investment portfolio by 13.9 per cent to Rs 253.43 billion in an emphatic reaffirmation of the company’s financial strength and stability.

“We are justifiably proud to retain our status as the biggest life insurer in Sri Lanka, a position that reflects the continuing trust and confidence of customers,” Ceylinco Life Executive Chairman R. Renganathan said. “Our focus on our core mission of de-risking the lives of our policyholders with gimmick-free life insurance products and our proven empathy for the evolving needs of our policyholders, remain the cornerstones of our success. This is well supported by prudent and farsighted investment management, creating an unbeatable combination.

Ceylinco Life paid Rs. 31.07 billion in net claims and benefits to policyholders in 2025, an increase of Rs. 6 billion or 24 per cent over the preceding year, and transferred Rs. 20.68 billion to its Life Fund. The company’s total assets grew by Rs. 35.58 billion or 14.15 per cent over the year at a monthly average of more than Rs 2.9 billion, to reach Rs. 287.02 billion at the end of 2025.

Ceylinco Life transferred Rs. 3.5 billion as profit to the shareholders’ fund in respect of the 12 months, and shareholders’ equity grew to Rs. 67.8 billion at the end of the year.

The company reported profit before tax of Rs. 11.21 billion for the year, reflecting an increase of 11.5 per cent over 2024. Net profit after tax at Rs. 7.85 billion, was an improvement of 10.97 per cent.

Ceylinco Life’s basic earnings per share for the year amounted to Rs. 156.94, while net assets value per share was Rs. 1357.20 as of 31st December 2025. Return on assets for the year was 2.73 per cent and return on equity 11.56 per cent.