First Capital Holdings PLC (the Group), a financial solutions provider, has reported a Total Comprehensive Income of Rs. 4.53 bn for the nine months ended December 31, 2024.
While last year’s bottom-line result of Rs. 9.35 bn 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 bn.
First Capital Holdings is the undisputed leader in capital markets, renowned for its unmatched commitment to excellence, innovation, and expertise in financial investment. The company empowers clients to navigate market complexities, transforming opportunities into sustainable growth.
Through its forward-thinking approach and unparalleled market insight, First Capital Holdings is not merely shaping the capital markets, it is revolutionising the future. The Primary Dealer division reported a Profit after Tax of Rs. 2.45 bn for the nine months ended December 31, 2024 (2023/24 – Profit after Tax of Rs. 10.06 bn). The results include a trading gain on sale of government securities portfolio amounting to Rs. 2.58 bn and net interest income of Rs. 1.30 bn (2023/24 – Net trading gain on sale of government securities portfolio of Rs. 14.34 bn and net interest income of Rs. 2.64 bn were included).
The Corporate Finance Advisory and Dealing Securities division reported a Profit after Tax of Rs. 1.94 bn for the nine months ended December 31, 2024 (2023/24 – Profit after Tax of Rs. 77mn). The significant increase is due to the fair valuation gain of Rs. 2.23 bn on the business unit’s equity portfolio.
The Wealth Management division reported a Profit after Tax of Rs. 90mn for the nine months ended December 31, 2024 (2023/24 – Profit after Tax of Rs. 20mn). The assets under management of the division stood at Rs. 105.1 bn as of December 31 , 2024 (March 31, 2024 – Rs. 93.9 bn).
The Stock Brokering division recorded a Profit after Tax of Rs. 39mn for the nine months ended December 31, 2024 (2023/24 – Profit after Tax of Rs. 27mn). Managing Director/CEO of First Capital Holdings, 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.”
