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‘Wewata Jeewayak’ CSR programme commences 8th tank restoration project

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As a bank that takes pride in its Sri Lankan roots, Sampath Bank has always appreciated the immense value generated by the tank (Wewa) systems in and around the country and its ‘Wewata Jeewayak’ programme is a committed endeavour to restore the traditional irrigation networks that were constructed by the ancient kings of Sri Lanka.

The ‘Wewata Jeewayak’ programme is a part of Sampath Bank PLC’s community capacity building initiatives that aims to provide sustainable solutions to ensure a dependable supply of water for dry zone farmers to cultivate their paddy land and harvest both the Yala and Maha paddy seasons, annually. Through the project, the Bank aims to promote organic farming as a viable means of maintaining a sustainable livelihood through agriculture. Furthermore, this project contributes to the Bank’s triple bottom line as it enriches the lives of the community in the area, improves the water capacity of the tank and develops the surrounding eco-system and empowers agri-entrepreneurs by making them financially inclusive.

A structured undertaking to rebuild the tanks that have suffered neglect and ruin due to the passage of time, the ‘Wewata Jeewayak’ programme has seen the restoration of seven tanks to date namely; Udamaththala Wewa in Lunugamwehera (2001), Ilukpelassa Wewa in Thanamalwila (2002), Konketiara Wewa in Hambantota (2002), Dematawa Wewa in Panduwasnuwara (2014), Halmillakulama Wewa in Nochchiyagama (2017), Ambagahawewa in Kahatagasdigiliya (2018), Dhanyawa Wewa in Divulankadawala (2018) and has just broken ground on its latest project, the Kindagalla Wewa in Bibile.

Located in the Kokunnewa area in the Monaragala district, the Kindagalla tank has a surface area of 15 acres and currently provides water to 62 acres of paddy land, benefitting 60 farmer families. Post restoration the tank will supply 262 acres of farming land with water, thereby directly benefiting 260 families. The restoration work will be executed under the supervision and technical expertise of the Agrarian Development Department in Monaragala with the villagers forming most of the labour force.

The ground-breaking ceremony was preceded by several cultural and religious observances in order to invoke blessings upon the project. The ground breaking was conducted to the chanting of Pirith by religious leaders from the village temple and saw the participation of representatives of Sampath Bank, several government officials from the area, customers, members of farmers associations, village leaders as well as members of the community.

Speaking about the Bank’s ‘Wewata Jeewayak’ programme, Thusitha Nakandala, Group Chief Human Resource Officer of Sampath Bank PLC said, “It is challenging for the villagers to shoulder the entire burden of renovating and reconstructing these tanks. This task requires a lot of responsibility and such a meticulous process may affect the lives and livelihoods of the people residing in the area. Right from the inception, we have been working with government authorities and local communities to restore tanks around the island. Together with technical support from the Department of Agrarian Development and Department of Irrigation, we are very proud to be able to restore these tanks, thereby uplifting the lives of the people in the area and enabling a return to a historic and effective irrigation system.”

Currently, the tank’s bund has been damaged and its height is not enough to maintain the required water capacity for both seasons. Furthermore, the tank’s spill has been damaged, thereby greatly reducing its water retention capability. The restoration work which includes excavation of the tank and rebuilding of the tank bund and spill, is estimated to take approximately three months.

Sampath Bank’s CSR activities display a strong commitment to serve the community and generate sustainable benefits for the country and its citizens while supporting the sustainable development goals set by the United Nations. The Bank considers CSR to be an ingrained aspect of its operations and has constantly gone above and beyond the natural obligations which govern its activities in the ordinary course of business. With proven expertise and professionalism in banking and finance, Sampath Bank’s CSR efforts will be central towards economic development and the growth of individuals and society at large.



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Dialog delivers strong growth, stronger national contribution in FY 2025

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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.

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Ceylinco Life’s Pranama Scholarships reach 25-year milestone

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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.

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Sri Lankans’ artistic genius glowingly manifests at Kala Pola ‘26

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The spirit of Sri Lanka as it was ably captured by an artist.

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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