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SLT-MOBITEL Q1 2026 Financial Performance (LKR Billion)
Comparison of revenue, operating profit, and net profit for the first quarter of 2026.
Primary Sources
SLT-MOBITEL delivers strong revenue and profit growth in Q1 2026
Group revenue increased 10.6% year‑on‑year, driven by internet services Group operating profit climbed 39.1%, profit before tax climbed 55.4%, and net profit up by 53.3% SLT PLC revenue increased 10.6% to LKR 19.7 billion, with operating profit up 36%, and net profit up by 53.3% Mobitel revenue grew 9.9%, operating profit up by 54.7% and net profit 63.7% The SLT Group reported a strong start to the year, posting double‑digit revenue growth and significantly higher profitability in the first quarter of 2026 compared to Q1 2025, driven by notable gains in operating profit and net earnings and a sustained demand for broadband (internet) services. The Group’s results signal a decisive turnaround and significant momentum heading into the rest of the year. Group performance The Group recorded a strong start to 2026, with its consolidated revenue rising to LKR 30.8 billion, climbed 10.6% from LKR 27.9 billion in Q1 2025. Gross profit expanded to LKR 14.6 billion, a 14.1% increase year‑on‑year, supported by higher broadband demand. Operating profit surged to LKR 5.1 billion, compared with LKR 3.7 billion in the preceding year, highlighting a 39.1% improvement. Profit before tax climbed to LKR 4.2 billion, up by 55.4% from LKR 2.7 billion in Q1 2025. Profit after tax for the period rose to LKR 3.1 billion, compared with LKR 2 billion last year, a 53.3% increase. Direct costs rose 7.6% year-on-year, driven by higher electricity tariffs, fuel prices, and sustained currency pressures, though revenue growth significantly outpaced these increases. Finance costs declined during the period, and foreign exchange movements delivered a net gain compared to losses recorded in Q1 2025, providing an additional boost to profitability. Income tax expenses rose 61.3% in line with the sharp increase in profitability. Dr. Mothilal de Silva, Chairman, SLT Group, stated, “Our strong first‑quarter performance demonstrates resilience of the SLT Group and success of our strategy. Delivering double‑digit revenue growth and significantly higher profitability, we have signalled a decisive turnaround and built momentum for the rest of the year. As Sri Lanka’s National ICT Solutions Provider, the Group is committed to drive innovation, strengthen connectivity, and create sustainable value for customers, shareholders, and the country." SLT PLC delivered robust growth At company level, SLT PLC delivered robust growth. Revenue increased to LKR 19.7 billion, elevated by 10.6% from LKR 17.8 bill...
SLT-MOBITEL's revenue and profit growth in Q1 2026 - Sunday Times
View(s): The SLT Group recorded a strong start to 2026, with its consolidated revenue rising to Rs.30.8 billion in Q1 (ending March) 2026, up 10.6 per cent from Rs.27.9 billion in Q1 2025. Gross profit expanded to Rs.14.6 billion, a 14.1 per cent increase year‑on‑year, supported by higher broadband demand. Operating profit surged to Rs.5.1 billion, compared with Rs.3.7 billion in the preceding year, highlighting a 39.1 per cent improvement. Profit before tax climbed to Rs.4.2 billion, up by 55.4 per cent from Rs.2.7 billion in Q1 2025. Profit after tax for the period rose to Rs.3.1 billion, compared with Rs.2 billion last year, a 53.3 per cent increase, the company said in releasing its end March quarterly results. Direct costs rose 7.6 per cent year-on-year, driven by higher electricity tariffs, fuel prices, and sustained currency pressures, though revenue growth significantly outpaced these increases. Finance costs declined during the period, and foreign exchange movements delivered a net gain compared to losses recorded in Q1 2025, providing an additional boost to profitability. Income tax expenses rose 61.3 per cent in line with the sharp increase in profitability. Dr. Mothilal de Silva, Chairman, SLT Group, stated, “Our strong first‑quarter performance demonstrates resilience of the SLT Group and success of our strategy. Delivering double‑digit revenue growth and significantly higher profitability, we have signalled a decisive turnaround and built momentum for the rest of the year.” Riyaaz Rasheed, CEO, SLT-MOBITEL, noted, “With revenue increases and broadband growth, we are capturing opportunities of a data‑driven future, maintaining cost discipline and efficiency.” Hitad.lk has you covered with quality used or brand new cars for sale that are budget friendly yet reliable! Now is the time to sell your old ride for something more attractive to today's modern automotive market demands. Browse through our selection of affordable options now on Hitad.lk before deciding on what will work best for you!
SLT-MOBITEL delivers strong revenue and profit growth in Q1 2026
Riyaaz Rasheed, CEO of SLT-MOBITEL, commented, “The quarter's results demonstrate that SLT-MOBITEL is well positioned to deliver continued growth, expand ...
SLT-MOBITEL delivers strong revenue and profit growth in Q1 2026
SLT-MOBITEL reported a strong financial performance in the first quarter of 2026, with group revenue increasing 10.6% year-on-year, driven primarily by internet services. Group operating profit rose 39.1%, profit before tax increased by 55.4%, and net profit climbed 53.3%.
