Business
slt-mobitel gains strategic momentum following an impressive 1h turnaround performance
SLT-MOBITEL is set to play a central role in accelerating Sri Lanka’s adoption of AI and digital technologies, following a strong financial recovery in the first half of 2025.
Anchored by a decisive financial turnaround that delivered Rs. 4.3 billion Profit After Tax (PAT) in 1H 2025 compared to a loss of Rs. 323 million the previous year, SLT-MOBITEL is strongly placed to lead the development of critical digital infrastructure at a time when national capacity in AI, data systems, and connectivity is becoming increasingly vital.

Eng. Eranga Weeraratne – Deputy Minister of Digital Economy
Deputy Minister of Digital Economy, Eng. Eranga Weeraratne, in his remarks on the company’s turnaround, stated: “The organisation’s strong 1H turnaround comes after a period of prolonged divestiture uncertainty under the previous administration. The change in policy direction under the NPP government, which categorically stated that SLT-MOBITEL would not be sold, has provided the clarity and assurance needed to protect this vital national asset. Backed by decisive leadership and strong government support, the company has been able to focus on revival—introducing innovative and streamlined mobile packages, enhancing customer service, and stabilizing its mobile network operations. Through strategic leadership, targeted capital allocation, and disciplined execution, SLT-MOBITEL has not only restored stakeholder confidence but also positioned itself with renewed strength and clarity of purpose. Today, it operates with greater efficiency and resilience, ready to meet the demands of a rapidly evolving digital landscape, and serves as a strategic enabler in Sri Lanka’s national digital transformation agenda.”
The organisation’s operating profit surged 148% in Q2 2025, and finance costs declined 18.9%, highlighting prudent financial management and operational efficiency. At company level, SLT PLC delivered exceptional results with year-over-year PAT in 1H 2025 increasing 873% to Rs. 2.6 billion, while Mobitel achieved a remarkable turnaround from a Rs. 1.1 billion loss to Rs. 1.1 billion profit year-over-year for the same period.

Dr. Mothilal de Silva – SLT- MOBITEL
Chairman
SLT- MOBITEL Chairman Dr. Mothilal de Silva speaking on the company’s turnaround said, “Our performance in the first half of the year is a clear sign of SLT-MOBITEL’s strategic renewal and the deep-rooted transformation taking place across the organisation. The results are not merely financial, they represent a broader shift in how we operate, govern, and deliver value. Stronger governance frameworks, sharper execution, and a unified vision have enabled us to build momentum and sustain profitability. More importantly, this progress reinforces our role as a national and strategic enabler in Sri Lanka’s digital future.”
Accelerating momentum, the SLT Group is advancing several key initiatives that confirm commitment to driving the country’s digital future. Most significantly, SLT-MOBITEL will be the strategic partner for Sri Lanka’s inaugural National AI Expo & Conference on September 29-30, 2025, signalling a new phase in the country’s journey toward technological leadership. The National AI Expo will showcase Sri Lanka’s emergence as South Asia’s AI hub, displaying technology adoption and practical applications of artificial intelligence in healthcare, education, agriculture, and finance sectors.
SLT-MOBITEL has already pioneered AI consumer solutions through initiatives such as Hello AI, Sri Lanka’s first AI-centric mobile package designed for youth, and AI Pazz, the country’s first AI-powered legal research platform. Meanwhile it’s island wide fibre network, reaching 95% of the population, provides the foundation necessary for nationwide AI adoption and digital service deployment. ( SLT-MOBITEL)
Business
Lanka’s largest solar park set to transform energy landscape and local economy in Hambantota
A new era in Sri Lanka’s renewable energy is unfolding in the Gonnoruwa Division of Hambantota District, where construction has begun on the country’s largest solar power park. Spanning 450 acres and designed to generate 150 megawatts (MW) of electricity, the US$150 million private-sector-led project is poised to become a cornerstone of the nation’s sustainable energy ambitions.
Officials say the solar park, guided by the Sustainable Energy Authority and the Mahaweli Authority, will make its first contribution to the national grid by the end of this year, with full capacity expected by 2026. Once completed, the facility will rank among Sri Lanka’s largest renewable energy installations, second only to the 210 MW Victoria Dam and the 150 MW Upper Kotmale hydropower project.
The initiative is being framed as a strategic response to recurring power cuts in the Southern Province during annual drought periods. With a projected 20% contribution to the country’s daytime electricity demand, the solar park is expected to significantly stabilize the grid, reduce reliance on fossil fuels, and contribute to the country’s renewable energy targets.
Project Engineer Thilanka Bandara confirmed that preliminary land preparation and boundary works have been completed, with 50 MW already feeding into the national grid. The investment, fully funded through foreign direct investment, local bank loans, and equity capital, requires no government funding. Two private firms are sharing the development, contributing 70 MW and 80 MW respectively.
Bandara highlighted a unique feature of the project: the transmission infrastructure, estimated at US$16 million, is entirely financed by the investors, marking a departure from conventional grid-connected projects. The park will also employ state-of-the-art ground-mounted solar technology, considered the most advanced currently deployed in Sri Lanka.
In a first for Sri Lanka, the solar panels will be installed five feet above the ground, allowing partial-shade crops to be cultivated underneath. Technical Officer Sithmina Bandara explained that this setup will enable the cultivation of food plants such as mushrooms, which thrive in shaded conditions, creating a model for integrated solar-agriculture systems. Agricultural experts have already provided guidance on implementing this initiative, which combines energy production with local food security.
The project is expected to generate 750 to 1,000 direct and indirect jobs, with 400–500 already employed in the initial phase. Long-term maintenance work will provide further employment opportunities, offering a substantial economic boost to the Hambantota region. Environmental management measures are also in place to prevent elephants from entering nearby villages, ensuring harmony between development and wildlife.
All necessary approvals and permits were obtained by February 2025, aligning the project with the Ceylon Electricity Board’s national generation plan. Officials confirmed that upon completion, the total output of the Solar Energy Park will rise to 200 MW, combining existing installations with the new 150 MW facility.
Experts say the Hambantota solar park represents more than just a power generation project. Its innovative design, private-sector financing, and integrated agricultural approach position it as a template for future renewable energy projects in Sri Lanka, reflecting a new model of sustainable development that balances energy, economy, and environment.
By Sirimanta Ratnasekera
Business
ESU Kandy clinches dominant victory at ‘Battle of Esoftians’
The Battle of Esoftians, an annual cricket encounter organized by ESOFT Uni Kandy, concluded with a spectacular display of cricketing prowess as the Kandy team secured a massive 245-run victory over ESOFT Metro Campus, Kurunegala. The match was held on the 15th at the University of Peradeniya Grounds.
Winning the toss and electing to bat first, the ESOFT Uni Kandy batsmen dominated the field from the outset. They showcased an explosive batting performance, posting a formidable total of 280 runs for the loss of 5 wickets in their allotted 20 overs.
In response, the Kurunegala ESOFT Metro team struggled against a disciplined bowling attack. The Kandy bowlers dismantled the opposition’s batting lineup, bowling them all out for a mere 35 runs, sealing a historic win for the Kandy campus.
The event was graced by the presence of key officials from the ESOFT management: Amila Bandara – Chief Operating Officer (ESOFT Uni), Dimuthu Thammitage – General Manager (Central Region), Lakpriya Weerasinghe – Deputy General Manager, ?Lahiru Diyalagoda
Centre Manager-Degree Division, ESOFT Metro Campus Kurunegala and Dushantha Sandaruwan – Master in Charge (ESU Kandy Cricket Club)
Team Lineups
ESOFT Uni Kandy (Winners)
Chamath Ekanayake (Captain), Dinuka Tennakoon (Vice Captain), Dushantha Sandaruwan (MIC), Chalitha Rathnayake, Pulasthi Bandara, Isuru Dehigama, Kesara Nuragoda, Aadhil Sherif, Isuru Pannala, Achintha Medawatta, Ahamed Shukri, Gowtham Hari Dharshan, Danushka Sahan, Eranda Bandara, and Damith Dissanayake.
ESOFT Metro Campus Kurunegala (Runners-up)
Adeesha Samarasekara, Savishan Madusha, Lahiru Diyalagoda, Hirun Damayantha, Naveen Madushanka, Daham Pothuwewa, Senuda Thewnaka, M.R. Abdulla, Arunodya Dasun, Mohamad Afri, Desith Perera, Lasitha Ranawaka, Anton Dilon, Shenuka Thirantha, and Kavindu Bandara.
Text and Pix By S.K. Samaranayake
Business
HNB joins Royal–Thomian “Battle of the Blues” as official banking partner
HNB PLC, Sri Lanka’s leading private sector bank, has joined as the Official Banking Partner for the 147th edition of the historic “Battle of the Blues,” the Royal–Thomian cricket encounter between Royal College, Colombo, and S. Thomas’ College, Mt. Lavinia. Commenting on the partnership, HNB’s Managing Director/CEO Damith Pallewatte highlighted the bank’s long-standing connection with cricket, including sponsorship of Sri Lanka’s first Test match against England in 1982, and emphasized HNB’s commitment to nurturing young talent and promoting school cricket. The three-day clash for the Rt. Hon. D. S. Senanayake Memorial Shield will take place from March 12–14 at the SSC Grounds, with the Mustangs Trophy one-day match following on March 28 under lights. HNB’s inaugural involvement marks a milestone in the bank’s sports marketing journey, strengthening its role in the school cricket ecosystem. The bank will enhance the spectator experience by introducing digital and cashless banking solutions, modernizing the event while preserving its rich heritage and sporting tradition.
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