News & market updates

First Capital Holdings PLC (CFVF.N0000) is the title sponsor of First Capital Startup Nation by Hatch, a programme to select 10 startups from 183+ applications and provide best-effort support to secure USD 100,000 in funding. The company, a subsidiary of Janashakthi Limited (JXG.N0000), said it will also explore direct investment and mentorship.

First Capital Holdings PLC's Rs. 3.0Bn five-year debenture issue was oversubscribed on the opening day. The issue offers Type A at 11.00% p.a. (AER 11.00%), Type B at 10.71% p.a. (semi-annual, AER 11.00%) and Type C linked to the 364-day T-bill + 2.00%.

First Capital Holdings PLC hosted two-day investor awareness sessions in Jaffna on 28–29 August to educate individuals and businesses on wealth creation and capital market opportunities; the events showcased First Capital’s advisory services (FCAS) and involvement from Janashakthi Group leadership.

First Capital Holdings PLC hosted two-day investor awareness sessions in Jaffna on 28–29 Aug 2025 to educate residents and businesses on capital-market investing and advisory services. The events highlighted First Capital Advisory Services' corporate finance offerings and noted First Capital is a subsidiary of Janashakthi Limited.

The Colombo market closed with the ASPI at 20,992, up 16 points, on turnover of Rs.5.6 billion; weekly ASPI and S&P SL20 fell 0.03% and 1.19% respectively. Property, capital-goods and consumer services stocks led turnover while select hotels and developers saw mixed flows and sizable corporate stake transactions were reported.

Janashakthi Limited's 'She Saw Stars' campaign won Gold at Dragons of Sri Lanka 2025 in the Cause, Environment or Sustainability category. The campaign boosted hotline calls, drew social media attention, prompted UNDP partnership talks, and First Capital Holdings runs related financial literacy workshops.

First Capital Holdings PLC (CFVF.N0000) was ranked among Sri Lanka’s Top 100 Most Valuable Brands by Brand Finance and awarded the highest AA brand rating in the investment banking category. The company highlighted customer-centric strategies and digital innovation as drivers of the recognition.

First Capital Holdings PLC had its long-term credit rating upgraded to A+ from A by Lanka Rating Agency with a stable outlook. LRA cited sustained profitability, strong capital structure and governance, noting market-leading businesses (including First Capital Treasuries) and Rs.120 billion in assets under management.

First Capital Holdings PLC reported PAT of Rs. 2.15Bn for Q1 ended 30 Jun 2025, up from Rs. 582Mn a year earlier. Performance was driven by Net Trading Income of Rs. 3.40Bn (including a Rs. 2.06Bn trading gain on government securities) and a credit rating upgrade to A+.

First Capital Holdings PLC reported Profit after Tax of Rs. 2.15 billion for Q1 ended 30 June 2025, up from Rs. 582 million a year earlier. The result was driven by a Rs. 2.06 billion trading gain on government securities and stronger trading income amid moderating interest rates, and the group's rating was upgraded to A+.

First Capital Holdings PLC had its long-term credit rating upgraded to 'A+' (Stable) by Lanka Rating Agency. LRA cited sustained profitability, strong capital and governance; Group assets LKR 99.3bn, equity LKR 9.8bn, PAT LKR 5.0bn (2024/25) and a Rs.7.50/share dividend (LKR 3.0bn).

First Capital Holdings PLC held its Mid-Year Outlook Investor Forum on 17 July, extending its LKR/USD target to 300–310 to December 2025 and setting an ASPI target of 18,000–19,000 for 2025. The forum also forecast mild rupee depreciation to 305–315 in H1 2026, ASPI 21,000–22,000 in 2026, and AWPR easing to 7.5–8.5% before edging up next year.

First Capital Holdings PLC held its Mid‑Year Outlook Investor Forum on 17 July 2025, forecasting an LKR/USD target of 300–310 to Dec 2025, ASPI 18,000–19,000 for 2025 (21,000–22,000 in 2026) and AWPR down to 7.5%–8.5% after a likely 25bp cut. The virtual forum drew 900+ registrations, was run in Sinhala, Tamil and English, and featured panelists from Hemas and Access Engineering.

First Capital Holdings PLC will host a virtual Mid-Year Outlook Investor Forum on 17 July (4:00–5:30pm) covering macro, fixed-income and stock market outlooks. The event will be delivered in Sinhala, Tamil and English and feature a panel including executives from Access Engineering and Hemas.

First Capital Holdings PLC (CFVF.N0000) won two awards at the 12th Annual Capital Market Awards 2024: Bronze for Best Unit Trust Fund (First Capital Money Market Fund) and Silver for Best Equity Research Report (on JAT Holdings). First Capital is a subsidiary of Janashakthi Limited (JXG.N0000).

First Capital Holdings PLC won two awards at the 12th Annual Capital Market Awards 2024: Bronze for Best Unit Trust Fund (First Capital Money Market Fund) and Silver for Best Equity Research Report (Manusha Kandanaarachchi's report on JAT Holdings). First Capital is a subsidiary of Janashakthi Limited.

First Capital Holdings PLC (CFVF.N0000) has educated over 1,775 university students across Sri Lanka through its investED financial-literacy programme. The subsidiary of Janashakthi Limited (JXG.N0000) offers one-hour sessions on money management, investing and navigating market volatility at major universities.

First Capital Holdings' group launched First Capital Advisory Services as an SME-focused advisory subsidiary and joined Scale Up 2025 as the event's official Business Advisory Partner. The new unit aims to help SMEs access capital markets, improve governance and explore listings and strategic financing.

The Treasury raised the full Rs.200 billion offer at auction as secondary bond buying pushed yields lower after the CBSL cut the overnight policy rate by 25bp; key auction yields were 8.85% (01.07.28), 9.47% (15.12.29) and 10.46% (15.09.34). The rupee marginally appreciated to Rs.299.35/299.45 and secondary bond turnover on 28 May was Rs.125.317 billion.

First Capital Treasuries PLC reported PAT of Rs.3.0 billion for the year to 31 March 2025, down from Rs.11.1 billion; its government securities portfolio rose to Rs.81.4 billion and Lanka Rating Agency upgraded its credit rating to A+.

First Capital Treasuries PLC reported Profit after Tax of Rs. 3.0 billion for the year ended 31 March 2025, down from Rs. 11.1 billion a year earlier. The company increased its government securities portfolio to Rs. 81.4 billion and received an LRA upgrade to A+ (outlook stable).

First Capital Holdings PLC reported Total Comprehensive Income of Rs. 5 billion for the year ended 31 March 2025, down from Rs. 10.1 billion a year earlier. The board declared an interim dividend of Rs. 7.50 per share (Rs. 3 billion) and First Capital Treasuries PLC posted PAT of Rs. 3 billion, with trading gains and interest income cited.

First Capital Holdings PLC (CFVF.N0000) has upgraded its partnership with CFA Society Sri Lanka to Gold Sponsor. The JXG (Janashakthi Group) subsidiary said the move underscores its commitment to capital market development, professional education and industry engagement.

CBSL cut the Overnight Policy Rate by 25 bps, after which secondary bond yields fell across maturities and yields shifted lower; a Rs.157.50bn T‑Bill auction was fully subscribed. Foreign holdings in rupee treasuries rose by Rs.0.55bn and the rupee closed near Rs.299.45.

First Capital Holdings (CFVF.N0000) launched First Capital Advisory Services, an SME-focused advisory subsidiary and acted as Business Advisory Partner at Scale Up Sri Lanka 2025. The group said the unit will help SMEs access capital markets and noted its existing businesses including First Capital Treasuries and asset management (managing over LKR 110 billion).

WealthTrust Securities: Secondary bond yields were broadly steady with short-tenors easing and profit-taking lifting 2028-29 yields ahead of a Rs.80.00 billion Treasury Bond auction (Rs.35bn 15-Oct-2029 at 10.35% and Rs.45bn 01-Nov-2032 at 9.00%) settling 15 May.

First Capital Holdings PLC was named Winner in the Investment Banking category at the Best Management Practices Company Awards 2025. The firm is a subsidiary of Janashakthi Limited (JXG).

First Capital Treasuries PLC said its LKR 3,000,000,000 debenture issue was oversubscribed, with applications exceeding the Rs3bn target; the issue closed on April 21 and the basis of allotment will be notified to the CSE.

First Capital Treasuries PLC plans to issue Rs. 3 billion of listed subordinated debentures to boost Tier II capital, raising its capital adequacy ratio from 17.95% to an expected 24.80%. The Central Bank approved RWCAR inclusion; the issue opens 21 April with two ~12% fixed options and a floating option (364-day T-bill +2.25%).