CIC Holdings delivers over 24% net profit growth in FY26 amid sectoral resilience

Chairman S.H. Amarasekera	Group CEO Aroshan Seresinhe

Diversified conglomerate CIC Holdings PLC has recorded steady revenue growth during the year ended 31 March 2026 (FY26), navigating weather-related disruptions and sectoral cost pressures. 

The Group posted consolidated revenue of Rs. 91.75 billion, reflecting 10.16% year-on-year (YoY) growth, driven by resilient performance across its diversified portfolio, CIC said in a statement. 

Group gross profit rose to Rs. 24.09 billion, an 8.39% increase YoY, with gross margins maintained at approximately 26.25%. Group operating profit increased by 10.39% to Rs. 11.90 billion, reflecting disciplined execution, improved sectoral performance, and continued demand across key businesses. Profit After Tax (PAT) increased by a significant 24.50% to Rs. 8.25 billion, compared to Rs. 6.63 billion in FY25.

CIC’s Crop Solutions segment remained the Group’s largest contributor, accounting for approximately 40.8% of total segmental revenue, supported by its continued leadership in Sri Lanka’s agriculture supply chain. Livestock Solutions and Health and Personal Care each contributed approximately 21%, while Industrial Solutions and Agri Produce contributed approximately 10% and 7%, respectively.

The Group delivered strong sectoral profitability despite losses in Agri Produce following the impact of Cyclone Ditwah, which affected cultivation activity and field operations. During the period, CIC supported farming communities through well thought out clean-up operations, field restoration, renovation support, and the resumption of cultivation. Health and Personal Care recorded strong earnings growth, supported by the performance of pharmaceuticals, including Link Naturals’ export business, while Livestock Solutions benefitted from higher feed volumes, poultry demand, and growth across veterinary care.

Group Earnings Before Interest and Taxes (EBIT) closed at Rs. 11.9 billion, compared to Rs. 10.78 billion in the previous year. Profit Before Tax (PBT) increased by 23.97% to Rs. 11.42 billion, supported by stronger operating performance and a higher share of profit from equity-accounted investees, while finance costs increased by 12.49% to Rs. 2.66 billion, reflecting higher working capital requirements during the year.

During the period under review, key Group businesses under the five industry sectors, namely Crop Solutions, Agri Produce, Livestock Solutions, Industrial Solutions, and Health and Personal Care, performed resiliently. 

Crop Solutions revenue grew from Rs. 33.84 billion to Rs. 38.64 billion, Livestock Solutions revenue grew from Rs. 18.05 billion to Rs. 19.86 billion, and Health and Personal Care revenue increased from Rs. 19.12 billion to Rs. 19.85 billion. Additionally, Industrial Solutions revenue increased from Rs. 8.4 billion to Rs. 9.16 billion, while Agri Produce revenue grew from Rs. 5.84 billion to Rs. 6.35 billion.

In terms of profitability, Health and Personal Care recorded the strongest segmental profit growth, increasing by 33.65% to Rs. 2.74 billion, while Industrial Solutions grew by 20.74% to Rs. 1.7 billion. Livestock Solutions recorded a 19.09% increase in segmental profit to Rs. 2.21 billion. Crop Solutions remained the largest profit contributor at Rs. 4.41 billion, while Agri Produce recorded Rs. 286 million, reflecting the impact of weather-related disruptions and liberalisation of importation of rice to Sri Lanka during the year.

The Group’s earnings per share (EPS) increased from Rs. 2.87 to Rs. 3.64, reflecting a 26.77% YoY improvement. Total assets stood at Rs. 99.75 billion, positioning the Group close to the Rs. 100 billion milestone. 

In the company’s quest of taking into consideration the total shareholder return (TSR), the company carried out a share split of 1:5 ordinary shares in October 2025, whilst this is the second share split carried out by the company within a space of five years.

Group CEO Aroshan Seresinhe said: “FY26 demonstrated the resilience of CIC’s diversified business model and the commitment of our teams across all sectors. While Cyclone Ditwah created disruptions for the agricultural communities and affected parts of our Agri operations, our priority was to support farmers and other ground-level stakeholders through this hardship to ensure the earliest resumption of cultivation activities through impactful productivity enhancement initiatives., At the same time, strong performances from pharmaceuticals, Industrial Solutions, Link Naturals’ export business, medical devices , feeds, poultry, and veterinary care helped sustain the Group’s operating momentum. We remain focused on strengthening Sri Lanka’s agriculture and healthcare ecosystems, while creating sustainable long-term value for all stakeholders.”