First Capital Group posts Rs. 4.5 b Total Comprehensive Income

First Capital Holdings PLC (the Group), has reported a Total Comprehensive Income of Rs. 4.53 billion for the nine months ended 31 December 2024, demonstrating its ability to capitalise on market opportunities and drive sustained growth. 

While last year’s bottom-line result of Rs. 9.35 billion was bolstered by extraordinary gains from falling interest rates and post-domestic debt optimisation, the Group continues to showcase its financial strength and strategic execution.

The Group’s Net Income before Operating Expenses for the nine months of 2024/25 was Rs. 7.69 billion, compared to Rs. 17.90 billion reported in the corresponding period of the previous year. 

Key financial highlights for the nine months ended 31 December 2024/25:

The Primary Dealer division reported a Profit after Tax of Rs. 2.45 billion for the nine months ended 31 December 2024 (2023/24 – Profit after Tax of Rs. 10.06 billion). The results include a trading gain on sale of government securities portfolio amounting to Rs. 2.58 billion and net interest income of Rs. 1.30 billion (2023/24 – Net trading gain on sale of government securities portfolio of Rs. 14.34 billion and net interest income of Rs. 2.64 billion were included).

The Corporate Finance Advisory and Dealing Securities division reported a Profit after Tax of Rs. 1.94 billion for the nine months ended 31 December 2024 (2023/24 – Profit after Tax of Rs. 77 million). The significant increase is due to the fair valuation gain of Rs. 2.23 billion on the business unit’s equity portfolio.

The Wealth Management division reported a Profit after Tax of Rs. 90 million for the nine months ended 31 December 2024 (2023/24 – Profit after Tax of Rs. 20 million). The assets under management of the division stood at Rs. 105.1 billion as of 31 December 2024 (31 March 2024 – Rs. 93.9 billion).

The Stock Brokering division recorded a Profit after Tax of Rs. 39 million for the nine months ended 31 December 2024 (2023/24 – Profit after Tax of Rs. 27 million).

Managing Director/CEO Dilshan Wirasekara said: “Our performance amidst shifting market conditions reflects our strategic foresight and execution excellence. While last year’s gains were exceptional, we continue to drive sustainable growth and capitalise on emerging opportunities across our diverse business divisions. Our Corporate Finance Advisory and Dealing Securities, Wealth Management, and Stock Brokering divisions have all shown resilience and growth, demonstrating our ability to unlock new revenue streams and deliver consistent returns. We remain committed to prudent risk management and innovative solutions, ensuring long-term value for our stakeholders and continued success in the evolving financial landscape.”