First Capital powers ahead with Market-Leading Performance in FY 2024/25
Including a strong contribution from First Capital Treasuries PLC, reinforcing its position as a Leading Primary Dealer
First Capital Holdings PLC (the Group), a leading financial solutions provider has recorded a Total Comprehensive Income of Rs. 5.0Bn for the year ended 31 March 2025, compared to Rs. 10.1Bn in the previous year. The variance is attributed to the extraordinary gains realised in the previous financial year resulting from a significant decline in interest rates, and post-domestic debt optimisation along with a reduction in policy interest rates. However, during the latter part of the financial year, a moderate decline in interest rates was witnessed, which resulted in creating a favourable market position for debt securities as well as equity securities with the stabilisation of the political outlook of the country. Accordingly, Group’s Primary Dealer division as well as the Corporate Dealing Securities and Advisory division substantially contributed to the Group’s trading income.
Key financial highlights for the year ended 31 March 2025:
First Capital Treasuries PLC, Group’s Primary Dealer division, reported a Profit after Tax of Rs. 3.0Bn for the year ended 31 March 2025 (2023/24 – Profit after Tax of Rs. 11.1Bn). The results include trading gains on the sale of government securities portfolio amounting to Rs. 3.0Bn and net interest income of Rs. 1.6Bn (2023/24 – Trading gains of Rs. 15.8Bn and net interest income of Rs. 3.2Bn).
The Corporate Dealing Securities and Advisory division reported a Profit after Tax of Rs. 2.2Bn for the year ended 31 March 2025 (2023/24 – Profit after Tax of Rs. 215Mn). The division’s equity portfolio significantly contributed to the bottom line.
The Wealth Management division reported a Profit after Tax of Rs. 106Mn for the year ended 31 March 2025 (2023/24 – Profit after Tax of Rs. 6Mn). The assets under management of the division stood at Rs. 112Bn as of 31 March 2025 (31 March 2024 – Rs. 94Bn).
The Stock Brokering division recorded a Profit after Tax of Rs. 70Mn for the year ended 31 March 2025 (2023/24 – Profit after Tax of Rs. 8Mn).
In March 2025, the Board of Directors of the Company declared an interim dividend of Rs. 7.50 per share amounting to Rs. 3Bn for the year 2024/25.
Dilshan Wirasekara, Managing Director/Chief Executive Officer of First Capital Holdings PLC, stated, “We are not just responding to the market—we are shaping it. This year’s performance reflects our ability to lead with clarity, adapt with precision, and deliver with confidence. First Capital Treasuries PLC continued dominance in the government securities space, alongside strong contributions from our advisory, wealth, and brokering businesses, is a clear testament to the strength of our integrated model. We remain laser-focused on driving growth, building resilience, and delivering consistent value to our stakeholders.”
First Capital has garnered several prestigious accolades in 2024/25, solidifying its leadership in the financial services sector. At the SLIM Brand Excellence Awards 2024, First Capital Holdings was named ‘Brand of the Year’, receiving the highest accolade along with the Service Brand of the Year and two additional awards. Moreover, First Capital Holdings PLC and First Capital Treasuries PLC were ranked 20th and 21st respectively in the Business Today TOP 40 for 2024/25, a testament to the company’s exceptional performance and significant impact on Sri Lanka’s financial landscape during the first half of 2024/25. Additionally, at the TAGS Awards 2024 organised by CA Sri Lanka, First Capital Holdings PLC, First Capital Treasuries PLC, and First Capital Money Market Fund (unit trust) won a total of five awards, including two Gold. The company was also recognised at the CMA Excellence in Integrated Reporting Awards 2024, further cementing its leadership in the industry. At National ICT Awards 2024 (NBQSA), organised by the British Computer Society (BCS), the Chartered Institute for IT Sri Lanka Section (BCSSL), First Capital Invest WhatsApp Channel – Sri Lanka’s first platform enabling transactions in Unit Trusts via WhatsApp, was honoured with the Gold Award in the In-House Development category. For the third consecutive year, it has been recognised as a Great Place to Work in Sri Lanka, highlighting its ongoing commitment to excellence and dedication to fostering a positive workplace culture, earning the prestigious GPTW certification.
Ends.
Rajendra Theagarajah – Chairman, First Capital Holdings PLC
Dilshan Wirasekara – Managing Director/CEO, First Capital Holdings PLC
About First Capital Holdings PLC
First Capital Holdings PLC is a listed full-service investment institution in Sri Lanka, operating as a primary dealer, corporate finance advisor, wealth manager and stockbroker. With strong emphasis on upholding stability, fostering a competitive advantage, and providing an exceptional customer experience, together with the support of the Janashakthi Group, First Capital focuses on staying true to its ‘Performance First’ ethos. The company has been recognised as the Most Valuable Consumer Brand in the Investment Banking sector by Brand Finance for two consecutive years. First Capital has been honoured with the highest recognition as the ‘Brand of the Year’ at the SLIM Brand Excellence Awards 2024. With over four decades of expertise in providing capital market solutions, the Credit Ratings of First Capital Holdings PLC and First Capital Treasuries PLC were upgraded by Lanka Credit Rating Agency Limited (LRA) from “A” to “A+” with the outlook revised from positive to stable.