Business
XdotO Concepts takes Sri Lankan Industry 4.0 solutions global at ITMA 2023 in Italy
XdotO Concepts, Sri Lanka’s pioneering and exclusive Industry 4.0 solutions provider, is proud to announce that it will be representing Sri Lanka at the prestigious ITMA 2023 exhibition in Milan, Italy, this June. This marks a significant milestone for XdotO Concepts as the first-ever Sri Lankan exhibitor of Industry 4.0 solutions at the world’s largest international textile and garment technology exhibition. Furthermore, Dulantha Balasooriya – Director of Business Operations at XdotO Concepts, will be among the esteemed panel of speakers at the ITMA’s ‘Innovator Xchange: Automation & Digital Future’ session on June 11.
Owned by CEMATEX, ITMA is the platform where the textile and garment industry comes together every four years to showcase the latest products, technologies, and solutions, and promote international collaborations and partnerships. XdotO Concepts will be showcasing its flagship solution, the Smart-Connected Factory, which is an innovative digital twin that enhances shop floor efficiency.
The Smart-Connected Factory is an integrated platform that monitors, analyses, automates, and optimises the performance of textile shop floors using state-of-the-art IIoT and cloud computing technologies. It connects machinery, shop floor sensors, employees, processes, and other software systems to a single, unified platform to improve efficiency, cost-effectiveness, sustainability, and circularity of operations. The solution offers a 360° view of the shop floor and enables data-driven decision making, resulting in improved productivity, quality, and customer satisfaction.
XdotO Concepts’ participation at ITMA 2023 is a testament to the company’s unwavering commitment to driving innovation in the textile and garment industry on a national and global level. Its smart solution has already been deployed in numerous leading textile factories, delivering guaranteed ROI and providing customers with the flexibility to choose solutions, products, and services tailored to their unique requirements.
“Our cutting-edge solution ushers in a new era of manufacturing efficiency and sustainability. With our smartly knitted technological components, we empower shopfloors with the critical insights they need to thrive on their journey towards sustainable manufacturing. We are grateful to our customers who have placed their trust in us and joined us on this journey towards a brighter future for manufacturing,” states Indika Karunarathne, Co-Founder & Chief Executive Officer of XdotO Concepts.
He further adds: “As we prepare to showcase our Sri Lankan potential at ITMA 2023, we are humbled and honoured to represent our country at the world’s largest international textile and garment technology exhibition. This platform reinforces our commitment to delivering cutting-edge Industry 4.0 solutions that promote sustainable development and circularity. We are also deeply grateful for the opportunity and take immense pride in having one of our directors join the distinguished panel of international speakers. Our heartfelt thanks go to the organisers for making this possible.”
XdotO Concepts will exhibit its innovative Smart-Connected Factory solution at Stand No: H9 B307 during ITMA 2023, which takes place from 8th to 14th June at Fiera Milano Rho in Milan, Italy. This event provides a unique opportunity for the company to showcase its capabilities and compete with global players in the industry. All are welcome to visit the booth and attend Dulantha Balasooriya’s session on June 11th in Hall 3, where he will present groundbreaking ideas on ‘Automation and Digital Future’ at the ‘Innovator Xchange’ forum.
XdotO Concepts is committed to driving innovation and providing cutting-edge solutions that enable organisations to unlock the full potential of Industry 4.0. The company is excited to participate in ITMA 2023 and looks forward to collaborating with international partners to drive the industry forward.
Business
Dialog delivers strong growth, stronger national contribution in FY 2025
Dialog Axiata PLC announced, Friday 6th February 2026, its consolidated financial results (Reviewed) for the year ended 31st December 2025. Financial results included those of Dialog Axiata PLC (the “Company”) and of the Dialog Axiata Group (the “Group”).
Group Performance
The Group delivered a strong performance across Mobile, Fixed Line and Digital Pay Television businesses recording a positive Core Revenue growth of 16% Year to Date (“YTD”). Group Headline Revenue reached Rs179.6Bn, up 5% YTD, despite the continued strategic scaling down of low-margin international wholesale business. In Q4 2025, Revenue was recorded at Rs46.5Bn up 2% Quarter-on-Quarter (“QoQ”) and 2% Year-on-Year (“YoY”).
The Group Earnings Before Interest, Tax, Depreciation and Amortisation (“EBITDA”) reached Rs86.0Bn up 30% YTD supported by Core Revenue performance and Cost Rescaling Initiatives. On a QoQ basis Group EBITDA demonstrated a modest growth to record at Rs23.0Bn up 2% QoQ with an EBITDA margin of 49.5% in line with the Revenue performance. Group EBITDA margin reached 47.9% for FY 2025, up 9.2pp.
Group Net Profit After Tax (“NPAT”) reached Rs20.8Bn for FY 2025, up 67% YTD mainly resulting from robust EBITDA growth, despite higher tax and net finance costs. Normalized for forex impact, NPAT growth was recorded at +>100% YTD to reach Rs22.1Bn. On a QoQ basis NPAT grew 3% to reach Rs5.9Bn resulting from strong EBITDA performance.
On the back of strong operational performance, the Group recorded Operating Free Cash Flow (“OFCF”)
of Rs49.3Bn for FY 2025 up >100% YTD.
Dividend Payment to Shareholders
In line with the dividend policy and financial performance of the Group and taking into account the forward investment requirements to serve the nation’s demand for Broadband and Digital services, the Board of Directors of Dialog Axiata PLC at its meeting held on 6th February 2026, resolved to propose for consideration by the Shareholders of the Company, a dividend to ordinary shareholders amounting to Rs1.50 per share. The said dividend, if approved by shareholders, would translate to a Dividend Yield of 5.0% based on share closing price for FY 2025. The dividend so proposed will be considered for approval by the shareholders at the Annual General Meeting (AGM) of the Company, the date pertaining to which would be notified in due course.
Company and Subsidiary Performance
At an entity level, Dialog Axiata PLC (the “Company”) continued to be the primary contributor to Group Revenue (76%) and Group EBITDA (74%). Aided by sustained growth in the Data segment and cost-rescaling initiatives, Company revenue was recorded at Rs135.8Bn for FY 2025, up 18% YTD, EBITDA rose 32% YTD to reach Rs63.6Bn. On a QoQ basis, Q4 2025 Revenue was recorded at Rs34.8Bn, down 1% QoQ due to a reclassification of Hubbing Revenue, while EBITDA decline 1% QoQ to record Rs17.0Bn, largely attributable to network restoration costs and donations made in relation to the Cyclone Ditwah relief efforts. Furthermore, NPAT was recorded at Rs15.6Bn for FY 2025, up 41% YTD. Normalised for forex impacts, the company NPAT was up +>100% YTD to reach Rs17.0Bn. On a QoQ basis, Company NPAT was recorded at Rs4.5Bn, down 6% QoQ.
Business
Ceylinco Life’s Pranama Scholarships reach 25-year milestone
Ceylinco Life has announced the launch of the 25th consecutive edition of its flagship Pranama Scholarships programme, marking a significant milestone in the company’s long-standing commitment to recognising and rewarding excellence among the children of its policyholders.
Under the 2026 programme, the life insurance market leader will present scholarships with a total cumulative value of Rs. 22.7 million, continuing a rewards initiative that has now been conducted without interruption for a quarter of a century. Since its inception, the Ceylinco Life Pranama Scholarships programme has benefitted 3,466 students across the country, representing a total investment of Rs. 240 million in nurturing academic achievement and outstanding performance in sports, arts and other extracurricular pursuits.
Business
Sri Lankans’ artistic genius glowingly manifests at Kala Pola ‘26
The artistic genius of Sri Lankans was amply manifest all over again at ‘Kala Pola ‘26’ which was held on February 8th at Ananda Coomaraswamy Mawatha Colombo 7; the usual, teeming and colourful venue for this annual grand exhibition and celebration of the work of local visual artists.
If there is one thing that has flourished memorably and resplendently in Sri Lanka over the centuries it is the artistic capability or genius of its people. It is something that all Sri Lankans could feel a sense of elation over because from the viewpoint of the arts, Sri Lanka is second to no other nation. With regard to the visual arts a veritable dazzling radiance of this inborn and persisting capability is seen at the annual open air ‘Kala Pola’.

A bird of Sri Lanka created from scraps of iron waste.
All capable visual artists, wherever they hail from in Sri Lanka, enjoy the opportunity of exhibiting their work at the ‘Kala Pola’ and this is a distinctive ‘positive’ of this annual event that draws numberless artists and viewers. There was an abundance of paintings, sketches and sculptures, for instance, and one work was as good as the other. Ample and equal space was afforded each artist. Its widely participatory and open nature enables one to describe the exhibition as exuding a profoundly democratic ethos.
Accordingly, this time around at ‘Kala Pola ‘26’ too Sri Lankans’ creative efforts were there to be viewed, studied and enjoyed in the customary carnival atmosphere where connoisseurs, local and foreign, met in a sprit of camaraderie and good cheer. Many thanks are owed once again to the George Keyt Foundation for the presentation of the event in association with the John Keells Group and the John Keells Foundation, not forgetting the Nations Trust Bank, which was the event’s Official Banking Partner. The exhibition was officially declared open by Chief Guest Marc-Andre Franche, UN Resident Coordinator in Sri Lanka.
By Lynn Ockersz
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