Telecom & IT · Major Telecommunications
| Year | Revenue | Net profit | EPS |
|---|---|---|---|
| 2025 | Rs 179.6B | Rs 20.8B | 2.26 |
| 2024 | Rs 171.2B | Rs 12.4B | 1.43 |
| 2023 | Rs 187.8B | Rs 20.1B | 2.44 |
| 2022 | Rs 178.1B | Rs -33.4B | -4.06 |
| 2021 | Rs 141.9B | Rs 17.0B | 2.08 |
| 2020 | Rs 120.1B | Rs 12.0B | 1.48 |
| 2019 | Rs 116.8B | Rs 10.7B | 1.32 |
Dialog Axiata PLC is a Sri Lanka-based telecommunications group that provides mobile telephony, internet services and external gateway operations, and offers converged consumer services across mobile, broadband, pay television and fixed line under the Dialog brand. The Company operates as a quad-play connectivity provider in Sri Lanka and is described in the report as the largest telecom service provider in the country. Its principal activities include mobile services (voice and mobile broadband), fixed telephony and fixed 4G LTE broadband, and digital pay television, supported by international wholesale and tele-infrastructure operations. Dialog also develops and markets digital products and platforms such as the MyDialog app, the Genie mobile payment app, eSIM and VoWiFi services, and a range of digital inclusion and IoT initiatives (examples cited include Yeheli/Thozhi.lk, Govi Mithuru, Athuru Mithuru and Saru). The Group places emphasis on network investment and technology leadership, citing initiatives on 4G expansion, 5G pre-commercial transmission and upgrades to fixed 4G infrastructure to support its consumer, wholesale and digital services across Sri Lanka.
Earnings acceleration, rising equity and recent cash returns position Dialog Axiata well; a below-sector P/E offsets a P/B premium as the stock consolidates near its 52-week high amid macro and cybersecurity compliance headwinds.
Read the full report (Jul 29, 2026) →Higher than 7% of its last 14 months
9 articles in 30 days: 1 positive, 5 negative, 3 neutral.
Dialog Axiata PLC has appointed Tarun Kumar (National Head, Sales & Distribution, Bharti Airtel) as a Non-Independent, Non-Executive Director effective 31 July 2026. Bharti Airtel holds a 10.36% stake in Dialog; Axiata Investments (Labuan) Ltd holds 73.75%.
SLT Group CEO Riyaaz Rasheed warned that Sri Lankan corporates and government bodies underinvest in cybersecurity and urged earlier spending as AI-driven 'agentic' threats rise. He also flagged semiconductor shortages, energy costs and talent shortfalls as constraints on telecom investment.
HNB General Insurance appointed Lakshman Silva as Non-Executive/Nominee Director and Sandra De Zoysa as Independent/Non-Executive Director to its board. The appointments are intended to strengthen governance and drive digital/CX transformation as the insurer scales its platforms and customer service architecture.
First Capital Research: aggregate earnings of 271 listed companies fell 11.4% YoY in the March 2026 quarter (third straight quarter), but underlying earnings rose 30.1% YoY after adjusting for major one-offs. Food, Beverage & Tobacco dragged the aggregate result while retailing and telecom posted strong gains (e.g. UML, DIAL, SLTL, SINS).
Dialog Axiata PLC's market capitalization exceeded Rs. 400 billion, peaking above Rs. 420 billion on June 15 as its share price traded between Rs. 44.90 and Rs. 46.40.
Dialog Axiata (DIAL.N0000) became the Colombo Stock Exchange's largest listed company with a market cap of Rs. 367.09 billion after its share price rose 7% to Rs. 39.90 on May 25. John Keells stood at Rs. 359.36bn and Ceylon Tobacco at Rs. 341.91bn; Commercial Bank was the largest bank at Rs. 320.88bn.
Dialog Axiata proposes a Long-Term Incentive Plan to issue up to 184,006,700 shares (2% of issued capital) to eligible employees, subject to shareholder and CSE approval. Grants will use the 30-day VWAP as reference price and individual awards are capped at 1%.
Dialog Axiata PLC reported 1Q FY26 revenue of Rs. 47.3 billion (up 9% YoY) and NPAT of Rs. 9.2 billion (up >100% YoY), and approved a first interim dividend of Rs. 0.70 per share. EBITDA rose 23% YoY to Rs. 24.3 billion, operating free cash flow was Rs. 14.6 billion, and capex was Rs. 5.5 billion mainly for 5G expansion.
Dialog Axiata reported Q1 net profit of Rs.9.2 billion, up 122.3% from Rs.4.1 billion a year earlier. Group revenue rose 9.2% to Rs.47.3 billion and the board proposed an interim dividend of Rs.0.70 per share.
Dialog Axiata PLC reported Q1 2026 group revenue of Rs 47.3Bn (+9% YoY) and group NPAT of Rs 9.2Bn (up >100% YoY). The board approved a Rs 0.70 interim dividend, OFCF was Rs 14.6Bn, and capex of Rs 5.5Bn was spent to expand 5G infrastructure.
Sri Lanka moved to regulate virtual assets, with Cabinet approving a framework naming the SEC as VASP regulator, working with the Central Bank's FIU and IRD; cryptocurrencies remain unrecognised and banks/cards are barred from facilitating crypto transactions. Policymakers warned AI is reshaping software export economics, urging a pivot to products and IP, while IP reforms accelerate. Government also pushed digitisation via mandatory ETF e-payments.
Auto-generated from 18 sector news articles over 30 days. Not investment advice. 2 more stories on the sentiment page.