Ambeon Holdings delivers strong FY25 results with Rs. 1.9 b profit

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

Chairman Sujeewa Mudalige

Group CEO and Director

Dr. Sajeeva Narangoda

Ambeon Holdings PLC yesterday announced its interim financial results for the financial year 2024/25. These results reflect a resilient performance and sustained strategic progress amidst ongoing challenges in a recovering macroeconomic environment.

Ambeon is a leading diversified conglomerate with key business interests across information technology, financial services, real estate, and strategic investments.

The group reported a Profit After Tax (PAT) of Rs. 1,910 million for the year, demonstrating its ability to navigate market challenges and maintain steady performance. While this represents a decrease of Rs. 947 million compared to the previous financial year, largely attributable to one-off gains recognised last year, including the disposal gain from the divestiture of a 51% stake in Dankotuwa Porcelain PLC during FY 2023/24.

Amebon Holdings PLC Chairman Sujeewa Mudalige said: “Given the market challenges faced during the year, the Group delivered a commendable performance, demonstrating strength and resilience and operational discipline across all businesses.”

The group recorded a Profit Before Tax (PBT) of Rs. 2,260 million, with consolidated revenue increasing by 2% to Rs. 17,522 million, compared to Rs. 17,154 million reported in the previous financial year.

Group CEO and Director Dr. Sajeeva Narangoda said: “Amidst improving economic conditions and renewed market confidence, the group has delivered solid and consistent results across all its core sectors. This performance reflects our disciplined approach to operational excellence and strategic execution. By effectively leveraging the synergies between our technology, financial services, strategic investments, and real estate clusters, we have been able to optimise resources, enhance innovation, and drive cross-sector collaboration.”

As a standalone entity, Ambeon Holdings contributed Rs. 1,234 million to group earnings, primarily through strategic equity investments in DFCC and Seylan Banks. The group’s financial services cluster, encompassing stock broking, money broking, and fixed income securities trading, contributed Rs. 479 million in PAT.

The real estate cluster, represented by Colombo City Holdings PLC, posted a PAT of Rs. 246 million, while the technology cluster, spearheaded by MillenniumIT ESP, recorded a PAT of Rs. 58 million. MIT ESP which provides value driven technology solutions to global organisations also achieved a notable revenue increase of 18%, reaching Rs. 15,644 million in FY 2024/25, an increase from Rs. 13,228 million achieved during the previous year. Ambeon Holdings PLC continues to build on its strong foundation, delivering stakeholder value through prudent investment, operational excellence, and a forward-focused strategic outlook across all clusters.

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