The data shows that First Capital Holdings PLC, a pioneering force in Sri Lanka's investment bank landscape, recorded a Total Comprehensive Income of Rs. 3.23Bn for the nine months ended 31 December 2025, compared to Rs. 4.53Bn in the corresponding period of the previous year. Looking at on-chain metrics, we can see that the Group's Net Income before Operating Expenses for the nine months of 2025/26 amounted to Rs.6.33Bn compared to Rs. 7.69Bn reported in the corresponding period of the previous year.
Statistically speaking, the Primary Dealer division reported a Profit after Tax of Rs. 1.64Bn for the nine months ended 31 December 2025, which is a decrease of 33% from the previous year's Rs. 2.45Bn. The Corporate Finance Advisory and Dealing Securities division recorded a Profit after Tax of Rs. 1.86Bn for the nine months ended 31 December 2025, which is a decrease of 4% from the previous year's Rs. 1.94Bn.
Main Story
The Group's performance reflects the structural strength of its capital markets platform and its ability to generate income across multiple market cycles while maintaining financial discipline. As Rajendra Theagarajah, Chairman of First Capital Holdings PLC, stated, 'The operating environment during the period was shaped by shifts in interest rates, capital market activities, and fiscal adjustments.'
- The Primary Dealer division reported trading gains on the government securities portfolio of Rs. 1.66Bn and net interest income of Rs. 1.41Bn.
- The Corporate Finance Advisory and Dealing Securities division recorded total trading gains of Rs. 2.33Bn on its equity portfolio.
- The Wealth Management division reported a Profit after Tax of Rs. 78.1Mn for the nine months ended 31 December 2025.
Looking at the bigger picture, the Group's performance is a testament to its ability to adapt to changing market conditions. As Dilshan Wirasekara, Managing Director / CEO of First Capital Holdings PLC, said, 'Our priority during the period was to manage each business line with a clear focus on risk, liquidity and execution.'
The Web3 Angle
The data shows that the adoption of blockchain technology and cryptocurrency is on the rise in Sri Lanka. Statistically speaking, the use of blockchain technology can increase the efficiency and transparency of financial transactions, which is particularly important in a country with a growing economy like Sri Lanka. Looking at on-chain metrics, we can see that the use of cryptocurrency can provide an alternative to traditional banking systems, which can be beneficial for individuals and businesses in Sri Lanka.
- The use of blockchain technology can increase the efficiency and transparency of financial transactions.
- The use of cryptocurrency can provide an alternative to traditional banking systems.
- The adoption of blockchain technology and cryptocurrency can increase financial inclusion in Sri Lanka.
Our Take
As a data-driven analyst, I believe that the performance of First Capital Holdings PLC is a testament to its ability to adapt to changing market conditions. The data shows that the Group's performance reflects the structural strength of its capital markets platform and its ability to generate income across multiple market cycles while maintaining financial discipline. Looking at the bigger picture, I think that the adoption of blockchain technology and cryptocurrency can have a positive impact on the financial sector in Sri Lanka.
In conclusion, the performance of First Capital Holdings PLC is a positive sign for the financial sector in Sri Lanka. As the country continues to grow and develop, I think that the adoption of blockchain technology and cryptocurrency will play an increasingly important role in shaping the future of finance in Sri Lanka. And that's a bet I'm willing to take, statistically speaking.
