News & market updates

First Capital Treasuries PLC will issue Rs. 3 billion of five-year listed subordinated unsecured redeemable debentures to boost Tier II capital and raise its capital adequacy ratio from 17.95% to about 24.80% (CB approval obtained); proceeds will be used to expand its government securities portfolio.

Lanka Rating Agency upgraded First Capital Treasuries PLC's credit rating to 'A+' from 'A', citing strengthened financials including FY24 PAT of ~Rs 11.1bn, 9MFY25 PAT of ~Rs 2.5bn and a 9MFY25 CAR of ~17.95%.

First Capital Treasuries PLC has enabled bidding for T-Bill and T-Bond auctions via WhatsApp, claiming up to 50% reductions in lead times and human involvement. The WhatsApp integration (with Yenasys) auto-populates bid sheets to improve accuracy and security for clients.

First Capital Holdings PLC reported Total Comprehensive Income of Rs. 4.53Bn for the nine months ended 31 Dec 2024. Group net income before operating expenses was Rs. 7.69Bn (vs Rs. 17.90Bn a year earlier); Primary Dealer PAT Rs. 2.45Bn and Corporate Finance PAT Rs. 1.94Bn.

First Capital Holdings (CFVF.N0000) served as title sponsor of the First Capital Sailing Nationals 2025 held Feb 25–26 at the National Sailing Centre, Crow Island, supporting national-level sailing and hosting an awards ceremony recognizing competitors.

Janashakthi Limited (JXG) outlines its evolution as a diversified financial conglomerate operating insurance, finance and leasing through subsidiaries Janashakthi Insurance (JINS), First Capital (CFVF) and Janashakthi Finance (BFN). The profile highlights leadership, workplace awards, innovation efforts and the Janashakthi Foundation's philanthropy.

Janashakthi Group (JXG) reported group revenue of LKR 18.34 billion and EBIT of LKR 6.18 billion for the nine months ended 31 Dec 2024. Key subsidiaries—First Capital Holdings (revenue LKR 10.72bn, PAT LKR 4.53bn; First Capital Treasuries held LKR 66.19bn in govt securities), Janashakthi Insurance (GWP +44%, PAT LKR 3.53bn) and Orient Finance (PAT LKR 254m)—drove performance and the group was upgraded to BBB- by LRA.

Janashakthi Group (JXG) reported group revenue of Rs.18.34 billion and EBIT of Rs.6.18 billion for the nine months to 31 Dec 2024. Key contributors were First Capital Holdings (Rs.10.72bn), Janashakthi Insurance (Rs.4.89bn) and Orient Finance (Rs.3.52bn), and the group received a BBB- LRA rating.

The ASPI rose 0.5% to 16,431 on low turnover of Rs.1.6 billion as bargain buying and month‑end flows supported a symbolic rebound; CINS, LOLC and COMB were top positive contributors while MELS and CFVF were among the main detractors.

Colombo Stock Exchange rose after the Budget, with the ASPI up 1.3% and net foreign inflows of Rs. 777.4 million. Banking, insurance and diversified financials led the session, with Ceylinco, Melstacorp, NDB and Sampath among the top contributors.

Dividend · Rs 7.50 · XD Feb 27, 2025

First Interim dividend of LKR 7.5/share; XD 2025-02-27; record 2025-02-27; payable 2025-03-19; FY 2024/25

Treasury Bond auctions were fully subscribed, raising Rs.67.50 billion with strong demand (bids 2.75x) and key maturities issued below expectations (01.09.28 at 10.31%, 15.10.30 at 11.23%). Secondary bond market rallied, yields fell and USD/LKR appreciated to Rs.295.90/296.20.

First Capital Holdings (CFVF.N0000) won four TAGS Awards, including the Gold Award in Investment Banking. Its subsidiary First Capital Treasuries (FCT.N0000) won Gold in the newly listed companies category and Silver in the Service Sector, while the group's Money Market Fund received Bronze.

First Capital Holdings PLC’s subsidiary First Capital Advisory Services signed an MoU with Atarah Capital on Jan 21, 2025 to form a strategic corporate finance partnership. The collaboration targets investor engagement, IPOs, private equity, debt structuring and other advisory services to expand deal flow and service offerings.

First Capital Holdings PLC (CFVF.N0000) won four awards at CA Sri Lanka's TAGS Awards 2024, including the Gold Award in Investment Banking. Its subsidiary First Capital Treasuries PLC (FCT.N0000) won Gold in the newly listed companies category and Silver in the Service Sector, and the group's Money Market Fund won Bronze.

First Capital Treasuries PLC appointed Channa de Silva as an Independent Non-Executive Director effective 1 January 2025. He is currently Chairman of Sarvodaya Development Finance PLC and the appointment concerns First Capital Treasuries, a subsidiary of First Capital Holdings PLC.

First Capital Treasuries PLC appointed Channa de Silva as an Independent Non-Executive Director effective 1 January 2025. He is chairman of Sarvodaya Development Finance PLC and a former Director General/CEO of the SEC, bringing capital markets and regulatory experience.

Secondary bond yields declined and the Rs.185b weekly T-bill auction was fully subscribed; weighted average rates were 91-day 8.66%, 182-day 8.81% and 364-day 9.02%. The USD/LKR depreciated to Rs.291.55/291.85 and secondary bond/bill volume was Rs.20.62b.

First Capital Holdings PLC won the SLIM Brand Excellence 2024 'Brand of the Year' award and also received three other awards (Service Brand Gold; Local Brand Silver; B2B Brand Bronze). The company credited its digital transformation and customer-focused investment solutions for the recognition.

First Capital Holdings PLC won the SLIM Brand Excellence Awards 2024 'Brand of the Year' and three additional awards (Service Brand Gold, Local Brand Silver, B2B Brand Bronze). Janashakthi Group's CMO commented on and welcomed the recognition.

Secondary Treasury yields saw intraday swings—15.10.27 and 01.05.28 fell to lows of 10.07% and 10.45% before rising to highs of 10.15% and 10.60%; total secondary Treasury turnover was Rs.70.35bn. Money-market rates were around 8.17%–8.32%, CB net liquidity surplus Rs.221.89bn and USD/LKR marginally appreciated to 290.30/290.40.

First Capital Holdings PLC reported Total Comprehensive Income of Rs. 904 million for the six months ended Sep 30, 2024, down from Rs. 9.58 billion a year earlier. The decline was driven by much lower trading gains after an extraordinary prior-year interest-rate related gain, with the Primary Dealer division posting PAT of Rs. 578 million (previously Rs. 9.21 billion).

First Capital Treasuries PLC (FCT) was named "Most Leading Non-Bank Primary Dealer in Sri Lanka 2024" by Finance Derivative Magazine and won two ARC Awards International (Gold for Cover/Home Page; Silver for PDF annual report). FCT is a member of First Capital Holdings PLC.

First Capital Treasuries PLC appointed Cilani Wijesinghe as an Independent Non-Executive Director effective 21 August 2024. Wijesinghe has nearly two decades of finance and investment management experience and is currently COO at Verité Research.

Janashakthi Limited appointed Dilshan Wirasekara as Group Deputy CEO; he will continue as Managing Director & CEO of First Capital Holdings PLC. Wirasekara brings over 28 years' experience in financial services and capital markets to support the Group's growth plans.

Janashakthi Group appointed Dilshan Wirasekara as Group Deputy CEO; he will continue as Managing Director & CEO of First Capital Holdings PLC, a key member of the Group.