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| Founder and Chairman Dinesh Saparamadu | CEO Sampath Jayasundara |
hSenid Business Solutions PLC (hSenidBiz) has announced its financial results for the fourth quarter and full year ended 31 March 2026, delivering a significant turnaround in operational profitability, materially improving earnings quality, and achieving a key strategic milestone.
In the fourth quarter, total revenue reached Rs. 522.2 million, up 5% year-on-year (YoY). The PeoplesHR Cloud segment delivered Rs. 380 million, representing 20 percent YoY growth in LKR terms and 12% growth in USD constant currency terms, with subscription revenues comprising 87% of segment revenue. New deal closures recovered strongly to $ 843,395. The Company sustained profitability at the Profit Before Tax (PBT) level with Rs. 7 million and a normalized EBITDA margin of 11%, while continuing to generate positive free cash flow.
For the full year, the Company delivered a substantial financial turnaround. Revenue grew 13% YoY to Rs. 2.1 billion. Normalized EBITDA turned positive at LKR 200 million, with the margin expanding 17 percentage points to 10%. Profit Before Tax improved by Rs. 313 million year-on-year, significantly reducing the loss from Rs. 321 million in FY2025 to Rs. 8 million. The Company also generated positive free cash flow for the year, a sharp reversal from negative free cash flow in the prior year and an annual improvement of over Rs. 350 million. Exit Annualized Recurring Revenue (ARR) reached $ 5.5 million, growing 32% YoY, while recurring revenues strengthened to 77% of total revenue in the fourth quarter, underscoring the quality and resilience of the Company’s SaaS-led business model.
hSenidBiz Founder and Chairman Dinesh Saparamadu said: “FY2026 marks a clear inflection point for hSenidBiz. We have materially strengthened the quality and predictability of our revenue base while delivering meaningful operating leverage. These outcomes validate the scalability of our SaaS-led model and position the Company well for the next phase of disciplined, high-quality growth.”
Chief Executive Officer Sampath Jayasundara added: “The operational momentum achieved in FY2026 provides a strong foundation as we enter the next phase of growth. Our priorities for FY2027 are to accelerate customer acquisition in key markets, drive execution excellence across the sales organisation, and rapidly advance our AI-driven capabilities, particularly through Lexi Insights to deliver even greater value to enterprise customers across our markets.”
During the quarter, hSenidBiz strengthened its product roadmap with the launch of Lexi Insights, an AI-powered analytics capability designed to deliver predictive workforce intelligence and strategic insights for C-suite decision-making. The Company also received the Gold Award in the Large Category of the ICT, BPO and Related Services Sector at the 33rd Annual Export Awards 2025 organised by the National Chamber of Exporters of Sri Lanka, marking its sixth consecutive year of receiving this prestigious national recognition.
