News & market updates

Janashakthi Limited finalized its IPO basis of allotment after the issue was oversubscribed (~1.52bn shares applied vs 500m offered). Retail investors receive 100% allotment for applications up to 4,000 shares; strategic investors were allotted 243,000,000 shares and other categories receive weighted allocations.

Janashakthi Limited’s IPO was oversubscribed ~3.03x, receiving Rs.15.16 billion from 20,397 applications for the 500,000,000-share (Rs.5 billion) offer at Rs.10 per share. Allotment and listing updates are expected from the company and the CSE in the coming days.

Janashakthi Insurance (JINS.N0000) signed a memorandum of understanding with People’s Bank to distribute life insurance products through the bank’s islandwide branch network, broadening access to bancassurance.

Janashakthi Group (JXG) will raise Rs5 billion via an IPO of 500 million shares (21.74%) at Rs10 each on April 9. Deloitte valued JXG at Rs15.92/share (IPO at a 37.18% discount); proceeds will fund financial-services expansion (Rs3.5bn), overseas growth (Rs0.5bn) and debt optimisation (Rs1bn).

Janashakthi Insurance Company PLC (Janashakthi Life) was the Title Partner for the 15th Battle of the Hindus school cricket match, marking its fourth consecutive year as title partner. The event coincided with Hindu College Colombo's 75th anniversary and featured Hindu College Colombo vs Jaffna Hindu College.

Janashakthi Finance PLC won the Bronze Effie Award at Effie Awards Sri Lanka 2025 in the Finance category for its 'uplifting the Sri Lankan three-wheel community' campaign. The campaign used digital, traditional and on-ground engagement to expand responsible financing and support livelihood resilience for three‑wheel drivers.

Janashakthi Finance PLC won the Bronze Effie Award at Effie Awards Sri Lanka 2025 in the Finance category for its 'Uplifting the Sri Lankan Three-Wheel Community' campaign. The campaign used digital, traditional and on-ground initiatives to advance financial inclusion and support three-wheel drivers' livelihoods.

Power World Gyms has partnered with Kings Hospital Colombo as its Official Wellness Partner to introduce a dedicated wellness programme for hospital staff, supporting their physical and mental well-being.

Janashakthi Life reported PAT of Rs.3.42 billion and 67% growth in new business for the year ended December 2025. Gross written premiums rose 31% to Rs.8.65 billion and total assets grew 6% to Rs.40.3 billion as the company expanded distribution and digitisation.

Janashakthi Insurance Company PLC (Janashakthi Life) reported a net profit after tax of Rs 3.42 billion for the year ended Dec 2025, with 67% growth in new business and gross written premiums up 31% to Rs 8.65 billion. The company also recorded PBT of Rs 3.95 billion, a 6% rise in assets to Rs 40.3 billion and expanded distribution with increased digitization.

Janashakthi Limited (JXG) outlines a plan to integrate its three pillars—Janashakthi Life, First Capital and Janashakthi Finance—into a unified financial-services ecosystem and expand domestically and regionally by 2026. The group highlights digital transformation, partnerships and talent programmes and cites a Great Place To Work rating (97% positive, 93% overall).

Janashakthi Life (a subsidiary of Janashakthi Group) donated books, school bags, stationery and a multimedia projector to Maho/Bakmeewewa Primary School to help students resume learning after Cyclone Ditwah.

Janashakthi Limited (JXG) is pursuing an integrated group strategy across Janashakthi Life, First Capital and Janashakthi Finance to deepen its financial services, drive digital transformation and expand domestically and regionally by 2026.

First Capital Holdings PLC won the Gold Award in Investment Banking at the CA Sri Lanka 60th Anniversary TAGS Awards 2025; First Capital Treasuries PLC won Silver and the Group’s money market fund also won Gold, with multiple recognitions for integrated reporting and sustainability disclosures.

Janashakthi Life, the flagship of Janashakthi Limited (JXG), won the Gold Award in the Insurance category for companies with gross written premium up to LKR 10 billion at the TAGS Awards 2025 and received recognition for excellence in Corporate Governance Disclosure.

Janashakthi Insurance PLC proposed a one-for-three subdivision of ordinary shares, raising issued shares from about 226.5m to about 679.5m, subject to CSE concurrence and shareholder approval. Stated capital remains over Rs.4.8bn and parent Janashakthi Ltd. holds a 74.23% stake.

Janashakthi Limited (JXG.N0000) won the Sector Winner (Finance, Insurance, Real Estate & Investment) award at the CIPM Great HR Quiz 2026. The award recognizes the group's HR knowledge, teamwork and commitment to professional excellence.

First Capital Holdings PLC reported Total Comprehensive Income of Rs. 3.23Bn for the nine months to 31 Dec 2025 (down from Rs. 4.53Bn a year earlier) and a Q3 Total Comprehensive Loss of Rs. 0.17Bn. Trading gains on government securities were Rs. 1.66Bn and Assets under Management fell to Rs. 96.4Bn.

First Capital Holdings PLC was Great Place To Work Certified for the fourth consecutive year, scoring 94% on the Trust Index statement “I would say this is a great place to work” and a 90% average across all survey statements.

Janashakthi Finance PLC chairman Rajendra Theagarajah received the Silver Award for Outstanding Independent Non-Executive Director of the Year at the inaugural SLID–ACCA National Corporate Director Awards 2025. He is also chairman of First Capital and the award recognises his governance contributions within the Janashakthi Group.

Janashakthi Finance PLC reported Profit Before Tax up 39% YoY to LKR 389 million for the nine months ended 31 Dec 2025. Net operating income rose 35% to LKR 2.2 billion, NPAT was LKR 240 million, loans grew 49% to LKR 29 billion and deposits to LKR 17 billion.

Janashakthi Limited (JXG) hosted a 'Listening Led Leadership' programme to reinforce its commitment to empathy-led, people-centric leadership across the group. The session, led by Mimi Nicklin, focused on building psychological safety, collaboration and employee engagement.

First Capital Holdings (CFVF.N0000) hosted its 12th Investor Symposium and presented a 2026 outlook forecasting Sri Lanka GDP to soften to 3.0–4.0% (from 5.0% in 2025). The presentation flagged Cyclone Ditwah-driven spending weakness, higher post-storm capital expenditure needs and renewed debt-management risks, alongside discussion on rates, FX and bond markets.

Janashakthi Finance PLC (BFN.N0000) appointed Indresh Puvimanasinghe Fernando as Chief Financial Officer. She has over 33 years' experience, including roles at Softlogic Holdings/Softlogic Finance and as Chief Process Officer of the Asiri Hospital Group.

Janashakthi Life (Janashakthi Insurance PLC) completed its Year 5 Shilpashakthi scholarship seminars across more than 30 schools, reaching over 5,000 students. A raffle will select five tablet winners to be announced later; Janashakthi Life is a subsidiary of Janashakthi Limited.

Janashakthi Finance PLC appointed Indresh Puvimanasinghe Fernando as Chief Financial Officer. She brings over 33 years of multi-industry experience, including finance, operations and digital transformation across healthcare and financial services.

Janashakthi Life (Janashakthi Limited) appointed Namalee A. Silva as Chief Business Officer and Shankar Dharmaratne as Chief Digital Officer, bringing ~36 and ~25 years of experience to drive business growth and digital transformation.

First Capital Holdings PLC will host its 12th Investor Symposium on 22 January 2026 at Cinnamon Life Colombo, focusing on Sri Lanka’s economic outlook and investment strategies. The event will feature a presentation by First Capital research heads and a panel including sector leaders discussing tourism, construction and FMCG trends.

First Capital Holdings (CFVF.N0000) will host its 12th Investor Symposium on 22 January 2026 at Cinnamon Life Colombo, presenting the Economic and Investment Outlook for 2026. The event, which will be live-streamed, features a panel of industry leaders including JAT.N0000.

Janashakthi Life, a subsidiary of JXG, appointed Namalee A. Silva as Chief Business Officer and Shankar Dharmaratne as Chief Digital Officer to accelerate business growth and drive digital transformation.