Softlogic Holdings (SHL) reported a group PBT of Rs. 24m for FY26, its first pre-tax profit since 2019, with revenue up 24.5% to Rs. 129b and EBITDA rising to Rs. 17.8b. The group signed restructuring offers covering about Rs. 59.7b of bank facilities; Softlogic Life raised $15m, Softlogic Finance had lending restrictions lifted, and ODEL Mall Phase I will be funded via pre-sales with no new debt.
Ada Derana·Sep 23, 2026·Award or certificationPositive
NMS secured 11 awards at SLIM DIGIS 2.6, with 10 of those awards for campaigns developed for Softlogic Life Insurance PLC. The wins spanned AI, cross-media integration, creative content and CSR categories; Unilever Sri Lanka's Closeup campaign also won a Silver.
Ada Derana·Sep 2, 2026·Award or certificationPositive
New Media Solutions won one Gold and two Silver awards at the Dragons of Sri Lanka 2026, taking Gold for Softlogic Life Insurance PLC's Health Score campaign and two Silvers for Unilever/Closeup's Break the Barriers campaign.
Softlogic Life Insurance PLC completed the acquisition of a 60% controlling stake in Bangladesh's Diamond Life Insurance for approximately $1.9 million. The deal finalises the company's entry into the Bangladesh life insurance market following a June 18 purchase agreement disclosure.
SLFRS 17 (IFRS 17) adoption will reshape Sri Lanka's life insurance sector, with reporting for the first two quarters deferred until 30 Sep 2026; insurers say the standard will shift focus from premium volumes to insurance service revenue, CSM visibility and protection products, and may encourage consolidation.
CEOs of Softlogic Life (AAIC.N0000), Union Assurance (UAL.N0000) and HNB Life (HASU.N0000) warned inflation, weak household incomes and potential taxation of insurance proceeds are limiting Sri Lanka's life-insurance growth and urged tax incentives and regulatory support.
Softlogic Life Insurance PLC (AAIC.N0000) has signed an agreement to acquire a 60% stake in Bangladesh's Diamond Life Insurance for about $1.9 million. The deal marks Softlogic Life's entry into the Bangladeshi life insurance market and the company will hold a controlling interest upon completion; shares closed yesterday up Rs. 2.50 at Rs. 94.
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