Business
JXG reports LKR 2.28Bn Net Profit in Q1 FY26, signalling strong start to the year
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)
Business
Dialog & IESL open National Startup Challenge to empower Sri Lanka’s entrepreneurs
Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, joins the Institution of Engineers, Sri Lanka (IESL) to launch the IESL National Startup Challenge, creating a national pathway for aspiring entrepreneurs to transform innovative ideas into commercially viable, investment-ready startups. The initiative reflects a shared commitment to strengthening Sri Lanka’s entrepreneurship ecosystem through structured development, expert mentorship and practical support that enables promising ideas to progress towards market readiness and scale.
Launched through the IESL Entrepreneurship Forum at the Dialog Auditorium on 5 October 2026, the competition invites Engineering Undergraduates, Engineering Practitioners and participants in an Open Category for Non-Engineers to submit ideas across 12 innovation verticals aligned with national priorities, emerging technology and market trends, and inclusive innovation. Participants will progress through idea development, pitching, incubation, prototyping, validation, minimum viable product development and business scaling, supported by industry experts, mentors and ecosystem partners. The programme will culminate in a Top 10 selection, with the first-place winner receiving an award of LKR 1 million.
As title sponsor and a key ecosystem enabler, Dialog is contributing practical expertise and resources beyond sponsorship, providing technical expertise, mentors and digital resources to help participating teams develop, validate and scale their solutions. Each of the Top 10 teams will also receive a Dialog Digital Startup Support Package valued at LKR 250,000, comprising selected Dialog digital products and services.
“Dialog is committed to enabling Sri Lanka’s next generation of innovators by connecting entrepreneurial ambition with the technology, expertise and practical resources needed to turn ideas into scalable ventures. Through the IESL National Startup Challenge, Dialog is extending its digital capabilities, mentorship and ecosystem support to help promising teams progress from concept to validation and investment readiness,” said a representative of Dialog Axiata PLC.
Eng. Jasmine Nanayakkara, Chairperson of the Entrepreneurship Forum at the Institution of Engineers, Sri Lanka, added, “The IESL National Startup Challenge is designed to turn innovative ideas into viable businesses by connecting aspiring entrepreneurs with industry expertise, mentorship and continuous practical support. More importantly, it is about creating an ‘Engineer to Entrepreneur’ transformation and nurturing a stronger entrepreneurial culture within the IESL community. By encouraging our engineers and aspiring founders to create, commercialise and scale solutions, we aim to contribute to new ventures, new opportunities and meaningful job creation for Sri Lanka’s skilled and educated next generation. We are grateful to Dialog for partnering with IESL to create this pathway for innovation, entrepreneurship and national economic growth.”
Driving innovation across Sri Lanka, the National Startup Challenge also brings together a strong network of partners, including The Ceylon Chamber of Commerce as Ecosystem and Mentoring Partner, Helago as Official Mobility Partner, Helakuru as Official Digital News Partner, and Real Life as Official Climate Action Partner.
The IESL National Startup Challenge represents a collaborative effort to strengthen Sri Lanka’s innovation and entrepreneurship ecosystem by creating a structured pathway from promising ideas to market-ready businesses. Applications are now open via www.iesl.lk/announcements, giving aspiring entrepreneurs an opportunity to access the resources and funding they need to succeed. Applications close on 16th November 2026. For more information, contact mgr.pub@iesl.lk / 071 109 4393.
Business
Why Convenience Is Reshaping Household Cleaning Habits
Keeping a home clean involves more than dealing with one kind of mess. Kitchens face grease and cooking splashes, bathrooms develop soap scum and limescale, while frequently used areas around the home collect marks, fingerprints and everyday dirt.
For households looking to simplify this routine, multi-surface cleaners offer a practical solution by allowing one product to tackle multiple cleaning needs across suitable surfaces.
One home, many everyday messes
In the kitchen, grease, splashes and burnt-on food can build up around hobs and hotplates. Cupboard doors and appliance exteriors can also collect smudges and marks through daily use.
Bathrooms present different challenges, including limescale, soap scum, toothpaste residue and water marks around sinks, washbasins and shower doors.
Even outside these rooms, surfaces such as door handles, baseboards, table mats and PVC areas can require regular attention.
Making everyday cleaning simpler
This is where the versatility of products such as CIF Cream becomes useful.
CIF Cream can help tackle a range of common household cleaning challenges across suitable surfaces, from grease and burnt-on food in the kitchen to limescale and soap scum in the bathroom.
Its uses can also extend to other suitable areas and items around the home, including cupboard doors, appliance exteriors, PVC surfaces and more, when used according to product directions.
For busy households, the benefit is straightforward: a versatile cleaner can help reduce the complexity of everyday cleaning by addressing several common cleaning needs with one product.
Consumers should always follow product instructions and check suitability before using any cleaner on a particular surface.
CIF products are now available at Cargills, Keells, Glomark and Celeste, as well as online through Daraz and uStore, at a retail price of Rs. 900 for 500ml. Shop CIF online at https://ustore.lk/collections/cif or https://www.daraz.lk/cif/
As household routines continue to evolve, multi-surface cleaning provides a simple approach to keeping different areas of the home clean — one versatile solution for many of the everyday messes that come with daily life.
Business
Dreams in motion for group of young Olympiad contenders
SriLankan Airlines set dreams in motion for 24 young students selected to represent Sri Lanka at the 2026 International Mathematics and Science Olympiad, held in Indonesia from 2 to 7 October 2026, helping make their journey to Indonesia and back an extra special one.
The students were selected through a four-stage national selection process covering school, zonal, provincial and national levels, with the highest-performing students progressing at each stage.
As a special initiative for Children’s Day, the Ministry of Education sponsored the air travel of all 24 students for the first time. Returning to Sri Lanka with an impressive haul of three Silver Medals and 10 Bronze Medals, the young contestants competed alongside students from 23 countries.
SriLankan Airlines was privileged to be part of their special journey, helping make their experience even more memorable as they represented Sri Lanka on the international stage.
-
News6 days agoGeneva takes up Sallay’s case and govt. ignores opportunity to answer accusations
-
Features7 days agoThe first woman in the foreign service or Ceylon Overseas Service it was then called
-
News7 days agoNearly 20 Iranian tankers stranded off Lanka amid US sanctions
-
Features5 days agoPreventing grievances from becoming communal
-
Sports3 days agoNissanka absence opens door for Sri Lanka’s young guns
-
News4 days agoGnansara Thera to be assigned to prison printing section: Officials
-
Features6 days agoSri Lanka Cricket Bill: Governance reform is not yet a cricket strategy
-
News7 days agoLanka enters new phase of prosecutions as hurdles clear
