First Capital powers ahead with market-leading performance in FY 2024/25

Wednesday, 28 May 2025 00:10 - - {{hitsCtrl.values.hits}}

Chairman Rajendra Theagarajah

Managing Director/CEO Dilshan Wirasekara

First Capital Holdings PLC, a leading financial solutions provider has recorded a Total Comprehensive Income of Rs. 5 billion for the year ended 31 March 2025, compared to Rs. 10.1 billion 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. 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 billion for the year ended 31 March 2025 (2023/24 – Profit after Tax of Rs. 11.1 billion). The results include trading gains on the sale of government securities portfolio amounting to Rs. 3 billion and net interest income of Rs. 1.6 billion (2023/24 – Trading gains of Rs. 15.8 billion and net interest income of Rs. 3.2 billion).
The Corporate Dealing Securities and Advisory division reported a Profit after Tax of Rs. 2.2 billion for the year ended 31 March 2025 (2023/24 – Profit after Tax of Rs. 215 million). The division’s equity portfolio significantly contributed to the bottom line.
The Wealth Management division reported a Profit after Tax of Rs. 106 million for the year ended 31 March 2025 (2023/24 – Profit after Tax of Rs. 6 million). The assets under management of the division stood at Rs. 112 billion as of 31 March 2025 (31 March 2024 – Rs. 94 billion).
The Stock Brokering division recorded a Profit after Tax of Rs. 70 million for the year ended 31 March 2025 (2023/24 – Profit after Tax of Rs. 8 million).

In March 2025, the Board of Directors of the company declared an interim dividend of Rs. 7.50 per share amounting to Rs. 3 billion for the year 2024/25.

First Capital Holdings PLC Managing Director/Chief Executive Officer Dilshan Wirasekara said: “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.”

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