PickMe Q2 revenue up 51%, profit surges 84%

Thursday, 30 October 2025 05:58 - - {{hitsCtrl.values.hits}}

Reports revenue of Rs. 2.1 b for quarter to end-Sept. 2025,Rs. 514 m profit
Six-month revenue up 51% YoY to Rs. 3.9 b; profit up 89% YoY to Rs. 950 m
Declares Rs. 1.70 per share interim dividend, up from Rs. 1 a year ago; reports 60% payout ratio

Chairman Ajit Gunewardene

Founder/CEO Jiffry Zulfer

Digital Mobility Solutions Lanka PLC, owner of PickMe, yesterday announced its results for the second quarter and first half of FY2025/26, marking the company’s strongest performance to date, with revenue in Q2 increasing 51% year-on-year (YoY) to Rs. 2.1 billion.

The company said this performance was underpinned by record-high engagement from users and third-party drivers on the platform, resulting in a 53% YoY increase in platform movements and a 23% jump compared to the previous quarter, the highest sequential growth since Q2 FY23/24.

The company has announced the declaration of an interim dividend of Rs. 1.70 per share for FY25/26 (compared to an interim dividend of Rs. 1.00 per share for FY24/25), representing a payout ratio of 60%.

PickMe Founder/CEO Jiffry Zulfer said: “This was a very encouraging quarter for the company. We saw strong momentum across every part of the business, from our core platform activity to the launch of new verticals. These results are a testament to the incredible effort from our teams and the trust our users and partners place in us every day.”

For 1H FY25/26, revenue reached Rs. 3.9 billion, up 51% from Rs. 2.6 billion a year ago. Gross Transaction Value (GTV) rose 45% YoY to Rs. 37.6 billion, while platform volumes increased 48%.

Operating profit for Q2 climbed 86% YoY to Rs. 704 million, and Rs. 1.3 billion for 1H, up 95% YoY, reflecting improved operating leverage and cost discipline. Net profit surged 84% YoY to Rs. 514 million for the quarter, and Rs. 950 million for the half year, an 89% increase over the previous year.

During the quarter, the company launched two new product verticals, Courier (scheduled parcel delivery) and Events (ticketing and access to experiences). Initial market response has been positive, with early traction demonstrating strong potential for sustained growth.

These additions strategically enhance the platform’s value proposition and expand its Total Addressable Market (TAM).

PickMe Chairman Ajit Gunewardene said: “We are pleased to deliver another quarter of exceptional growth and profitability. The expansion of our platform ecosystem, combined with continued user and partner engagement, has laid a solid foundation for long-term value creation. PickMe has evolved into more than just a mobility platform, we are now ubiquitous in the everyday lives of our users, powering movement, commerce, and convenience at the touch of a button.”