News & market updates

CIC Holdings reported consolidated revenue of Rs.83.3 billion for FY25, up 9.0% YoY, with gross profit of Rs.22.2bn, EBITDA of Rs.12.4bn and PAT of Rs.6.6bn (PAT lower due to a FY24 one-off bargain purchase gain); net finance costs fell 38% to Rs.1.6bn. Crop Solutions remained the largest segment (41% of revenue) with broad-based growth across its five core businesses.

CIC Holdings (CIC) reported FY25 consolidated revenue of Rs.83.3 billion, up 9.0% YoY, with EBITDA of Rs.12.4 billion and PAT of Rs.6.6 billion (prior-year included a Rs.5.3bn one-off bargain purchase). Crop Solutions contributed 41% of revenue and net finance costs fell 38% to Rs.1.6bn.

Dividend · Rs 2.50 · XD Jul 1, 2025

Final dividend of LKR 2.5/share; XD 2025-07-01; record 2025-07-01; payable 2025-07-21; FY ended 31st March 2025

Colombo market extended gains as the ASPI rose 56 points (0.35%) to 15,867 on turnover of Rs.2 billion with foreign net inflows of Rs.25.5m. Food, Beverage & Tobacco and Materials led turnover and gains while banking showed subdued sentiment.

CIC Agri Produce Export (part of CIC Holdings) showcased Sri Lankan rice and Ceylon Tea Land promoted teas at World Food Poland (8–10 Apr), seeking buyers and new trade connections.

Sri Lanka's ASPI fell 0.28% to 15,538.64 after a 90-day pause on US "Liberation day" tariffs sparked market uncertainty and softer volumes. Banks led losses and top negative contributors included Sampath, NDB and Malwatte (down 11.4%), while CIC and Alumex saw small gains.

Colombo market reverted to YTD positive as the ASPI rose 73 points (0.46%) to 16,007, leaving YTD up 0.39%, while foreigners were net sellers of Rs. 282m. Top movers included HAYL and CTC; turnover was Rs. 2.3bn led by Capital Goods and Food, Beverage & Tobacco sectors.

Sri Lanka stocks rose as the ASPI closed up 0.46% (73.06 pts) at 16,007.44 with turnover Rs 2.29bn; top contributors were Hayleys (+3.0%), Ceylon Tobacco (+1.7%), Royal Ceramics (+2.6%), Chevron Lubricants (+2.9%) and Dialog Axiata (+2.1%). Most active by volume were John Keells, Browns Investments and Access Engineering.

ASPI rose 33 points (0.2%) as turnover hit Rs.1.9 billion, led by crossings in Hatton National Bank, Commercial Bank and CIC Holdings; banking stocks were the main drivers while materials also saw heavy trading.

Sri Lanka stocks closed marginally up as the ASPI rose 0.21% to 15,912.61 while the S&P SL20 fell 0.16% to 4,759.06; turnover was 1.9 billion rupees and net foreign outflow was 140 million rupees.

ASPI rose 0.1% for the week and jumped 1.4% (216 points) on Friday as banking and capital goods stocks led gains. Turnover averaged Rs.1.9 billion for the week and foreign investors were net sellers of Rs.140.2 million.

The ASPI fell 1.6% (255 points) as selling continued with banking and blue-chip stocks leading declines; turnover was Rs. 1.7bn (below the monthly average) and foreign investors were net sellers of Rs. 50.5m.

M One showcased integrated marketing work for clients including Watawala and CIC; Watawala’s Digivation campaign recorded 4.9 million views, 5.2 million Facebook impressions and won GOLD DRAGONS 2024, while CIC’s 60th anniversary campaign ran across TV, radio and digital.

Hayleys Solar (Hayleys Fentons) completed a 300.31 kW solar installation at the CIC Ekala warehouse, projected to reduce carbon emissions by 308 tonnes annually.

CIC Holdings had a 300.31 kW solar system installed at its Ekala warehouse, expected to cut carbon emissions by 308 tonnes annually. The installation was carried out by Hayleys Solar, the renewable arm of Hayleys Fentons.

Colombo bourse rebounded on Friday—ASPI +0.18%, S&P SL20 +0.6%—but ended the week down 0.3% and 0.6%; Friday turnover was Rs.3.5bn (weekly avg Rs.4.2bn). The banking sector led turnover (57%) and gained 0.89%, with COMB, MELS, JKH, NDB and SAMP among top contributors; net foreign outflow Rs.749.8m.

Colombo Stock Exchange closed up 0.3% as the ASPI rose 0.18% (30.34 pts) to 16,889.31, with turnover slowing to 3.5 million rupees and a net foreign outflow of 749 million rupees. Bank stocks led activity—Commercial Bank, NDB, Sampath and HNB were top contributors, while John Keells and CIC saw high turnover.

CIC Holdings reported consolidated revenue of Rs.64.66bn for 9MFY25, up 7.49% YoY, while PAT fell to Rs.5.70bn (from Rs.9.67bn) due to a prior-period bargain purchase gain. Crop Solutions made up 43% of revenue; group EBITDA fell 3% despite EBITDA gains in Agri Produce and Health & Personal Care.

CIC Holdings PLC reported consolidated revenue of Rs.64.66bn for 9MFY25, up 7.49% YoY, while PAT contracted to Rs.5.70bn from Rs.9.67bn largely due to a Rs.5.12bn one-off gain in the prior period. Group gross profit rose to Rs.16.73bn (margin 25.87%), EBITDA fell 3% and finance costs declined to Rs.1.28bn.

The ASPI fell 2.3% for the first week of February despite a 1.38% rebound on Friday; weekly turnover averaged Rs.4.16bn and Friday turnover was Rs.2bn. Ceylinco, Melstacorp, John Keells and Aitken Spence were among Friday's top contributors, while Watawala, Seylan Bank and SMB Finance were key detractors.

Link Natural, a subsidiary of CIC Holdings, showcased its Ayurvedic healthcare and personal-care brands at JITF 2025, drawing around 25,000 visitors to its stall. The exhibit included free health checks, promotional offers and interactive activities to engage the Jaffna community.

CIC Holdings' subsidiary Link Natural attracted around 25,000 visitors at its stall during the Jaffna International Trade Fair (JITF) 2025. The stall showcased Link Natural's Ayurvedic healthcare and personal-care brands and offered free health services, promotions and interactive activities to engage the local community.

Colombo bourse hit record highs as ASPI rose 197 points (1%) to 17,025, led by banking stocks with Hatton National Bank up to Rs. 360.50 amid share-split rumours. Turnover was Rs. 9.78bn, banking and consumer stocks dominated activity and foreign investors were net sellers of Rs. 565.6m.

Fitch recalibrated Sri Lanka’s national rating scale, upgrading seven non-financial corporates (including Sri Lanka Telecom to AA-(lka), Windforce to A+(lka) and Resus Energy to A-(lka)) and revising Bogawantalawa Tea Estates to BBB+(lka).

ASPI rose 224 points to 16,597 and the S&P SL20 closed at 5,047 as the Colombo market hit new highs on Rs.8.3bn turnover led by banking stocks, with Commercial Bank, HNB, DFCC, NDB and Sampath among the top contributors.

Colombo market opened bullish as the ASPI rose ~115 points (0.71%) to 16,373 on turnover of Rs.5.5bn. Banking and Capital Goods led activity with DFCC, HNB, NDB, Teejay Lanka, Sierra Cables, CIC and Ceylon Cold Stores among top contributors.

Colombo Stock Exchange rose with the ASPI up 1.31% (224.01 pts to 16,597.16) and S&P SL20 up 1.72% (85.42 pts to 5,047.45), driven by banking stocks and strong retail turnover. Top turnover generators included Commercial Bank, HNB, DFCC, NDB and Sampath Bank, with a net foreign outflow of Rs 279 million.

CIC Holdings PLC has launched CIC Besto Omega 3 Eggs, a naturally fortified egg product with about four times the Omega-3 and increased levels of several vitamins and minerals, now available in leading supermarkets. The eggs are produced from hens on an all-vegetarian, antibiotic- and hormone-free diet and undergo quality testing with clear production and expiry dates.