JXG delivers strong FY25 performance with Rs. 5.24 b Net Profit After Tax

From left: Group Chairman Chandana de Silva and MD/Group CEO Ramesh Schaffter 

JXG (Janashakthi Group), Sri Lanka’s emerging financial conglomerate, brings together a broad spectrum of financial services – spanning investment banking, insurance, and finance and leasing. The group announced its financial results for the fourth quarter and full year ended 31 March.

• Consolidated Group Net Profit After Tax (NPAT) of Rs. 5.24 billion

• Investment banking sector NPAT of Rs. 5.02 billion

• Insurance sector NPAT of Rs. 4.51 billion

• Finance and leasing sector NPAT of Rs. 371.80 million

For the 12-month period under review, the group recorded a revenue of Rs. 24.76 billion. The primary contribution to group revenue came from the investment banking arm, First Capital Holdings PLC contributing Rs. 13.77 billion, followed by the insurance arm, Janashakthi Insurance PLC, contributing Rs. 6.60 billion, and the finance and leasing arm, Janashakthi Finance PLC, contributing Rs. 4.46 billion. As a result, the group reported an NPAT of Rs. 5.24 billion, reflecting a Net Profit Margin of 21.2%.

Investment Banking Sector recorded a total Net Profit After Tax (NPAT) of Rs. 5.02 billion for the year ending 31 March, marking the second-highest performance in First Capital’s history. The equity portfolio of the corporate dealing securities and advisory division delivered a standout PAT of Rs. 2.2 billion, up from Rs. 215 million in the prior year.

Insurance Sector recorded a NPAT of Rs. 4.51 billion inclusive surplus transfer driven by the 43.9% year-on-year increase in Gross Written Premiums (GWP) for the financial year ended 31 December 2024, totalling Rs. 6.60 billion – up from Rs. 4.58 billion from previous year. This performance was underpinned by an asset base of Rs. 37.90 billion, a 4.7% increase compared to FY23.

Finance and Leasing Sector recorded an NPAT of Rs. 371.80 million for the year ended 31 March, marking a 6.7% increase compared to Rs. 348.53 million in the previous year. During the year, the sector recorded a 33.6% increase in assets, growing from Rs. 20.48 billion to Rs. 27.36 billion, while deposits rose by 17.3% to Rs. 15.90 billion, reflecting growing customer confidence and strengthened market positioning.

In addition to its financial results, the Group garnered several prestigious accolades during the year, with the following standing out as highly competitive honours.

96% GPTW (Great Place to Work) accreditation score for the period September 2024 – 2025 “Technology Resilient Company of the Year” in the Financial and Insurance Sectors at the ISACA Digital Trust Awards 2024 “She Thrives” category award at the Satyn Women Friendly Workplace Awards

Best Management Practices Company (BMPC) Award 2025 from the Institute of Chartered Professional Managers of Sri Lanka JXG (Janashakthi Group) MD/Group CEO Ramesh Schaffter commented on the group’s performance, stating, “As we close FY25, we do so on the back of a commendable financial performance amidst a recovering economy and a shifting national landscape. Over the past year, we have sharpened our strategic focus — we aim to deliver smarter, more accessible financial solutions, while advancing the strategic moves necessary to scale efficiently and sustainably. The groundwork is set — and FY26 will be about unlocking that potential.”

JXG (Janashakthi Group) Group Chairman Chandana de Silva also spoke on the company’s achievements, adding, “FY25 was a transformative year for JXG. Unlike the prior year, where performance was driven by market volatility, this year’s success stems from thoughtful execution, long-term investments, and market adaptability. We not only reinforced our financial foundation but also reaffirmed our commitment to operational excellence and corporate responsibility. As we move forward, we remain focused on innovation, governance, and stakeholder value creation — hallmarks that will define JXG’s trajectory in FY26 and beyond.”