News & market updates

Insurers have received claims exceeding Rs.52 billion from more than 24,200 clients after Cyclone Ditwah, a topic discussed at an SLII forum featuring Ceylinco Holdings' executive and other industry leaders. Panelists warned reinsurance costs may rise, highlighted low insurance penetration, and urged product innovation like micro and parametric covers.

SLII hosted a forum on the 'Aftermath of Ditwah' where regulators and insurers reported insurers had received claims exceeding Rs. 52 billion from more than 24,200 clients as of 5 Jan 2026. Panelists warned reinsurance costs may rise and urged regulatory reform, a national catastrophe scheme and micro/parametric products.

Seminar on safeguards under the amended Companies Act No. 12 of 2025 will be held on 27 Jan (2–5pm) at NH Collection, Colombo 3. Organisers say the amendments place new responsibilities and stricter penal sanctions on company secretaries and directors; speakers include HNB and LOLC Insurance chairs.

Parenthood Global hosted the Parent-Inclusive Workplaces Summit 2025 and named Janashakthi Group (JXG) Parent-Inclusive Workplace of the Year, while Dialog Business Services and HNB group units won awards for leadership, HR policies and wellbeing. The event also launched the Corporate Circle Lifestyle Portal to support working parents.

First Capital Holdings PLC (CFVF.N0000) appointed Lasith Nanayakkara as Chief Transformation Officer to lead its digital transformation. Nanayakkara brings over 35 years of international technology and digital transformation experience; First Capital is a subsidiary of Janashakthi Group (JXG.N0000).

Janashakthi Finance PLC appointed Sithambaram Sri Ganendran as Chief Executive Officer; he was COO since September 2024, served as Acting CEO for four months and has nearly 27 years' banking experience.

Janashakthi Life, a subsidiary of JXG, is title sponsor of the ICA International Colombo Half Marathon on 14 December 2025, an event expected to attract over 2,000 runners and awarding LKR 5.7 million in prize money. The marathon promotes organ-donation awareness, Sri Lanka tourism and supports 367 orphanages caring for about 10,600 children.

Janashakthi Limited (JXG) won the Parent-Inclusive Workplace of the Year 2024/25 award at the Parent-Inclusive Workplaces Summit 2025, achieving the highest score across five sub-categories for parent-friendly workplace practices.

Janashakthi Limited (JXG) held a Holistic Leadership Summit 2025 to promote human-centred leadership, psychological steadiness and talent retention across the Group.

Janashakthi Life, a subsidiary of Janashakthi Group (JXG), attracted over 20,000 entries to its ‘Nidahas Adahas’ children’s art competition and awarded prizes to 200 finalists, with the top 100 works exhibited at the Sri Lanka Foundation Institute.

First Capital Holdings PLC signed an MoU with WNPS-PLANT to restore about 4 km of riverbank (around 13–15 acres) along the Nanu Oya by planting 7,200 native trees. The project aims to create an interconnected forest corridor to boost biodiversity and carbon sequestration.

First Capital Holdings PLC won the Silver Award for Service Brand of the Year at the SLIM Brand Excellence Awards 2025. The accolade, following its 2024 'Brand of the Year' title, underscores continued brand strength within Janashakthi Group.

Janashakthi Limited (JXG) held a Holistic Leadership Summit 2025 to promote psychological steadiness and human-centered leadership as a blueprint to future-proof the business and improve talent retention.

Janashakthi Life, a subsidiary of Janashakthi Limited (JXG), rewarded its high performers with a trip to Bali as it celebrates its 31st anniversary.

First Capital Holdings PLC reported Profit after Tax of Rs. 3.43 Bn for the six months ended 30 Sep 2025, up from Rs. 897 Mn a year earlier, and declared an interim dividend of Rs. 7.00 per share. Results were driven by higher net trading income amid a lower policy rate and its rating was upgraded to A+.

Janashakthi Life posted a 249% rise in net profit to Rs. 2.793 billion in Q3 2025 and 72% YoY growth in Regular New Business to Rs. 1.227 billion. Total assets rose to Rs. 41.508 billion, claim payouts were Rs. 2.603 billion, the A- rating was affirmed and the company is investing in digital infrastructure.

Janashakthi Insurance PLC reported Q3 2025 net profit of LKR 2.793 billion, a 249% year‑on‑year increase. Regular new business rose 72% y/y to LKR 1.227 billion, total assets reached LKR 41.508 billion and the firm plans further digital investment; Lanka Rating affirmed an A- rating.

First Capital Holdings PLC (CFVF.N0000) is the Title Sponsor of MAGNATE 2025, highlighting its support for financial innovation and youth leadership. The company, a subsidiary of Janashakthi Limited (JXG.N0000), participated with keynote sessions and judging on technology-led financial innovation.

Janashakthi Finance (BFN.N0000) reported H1 FY2026 PBT of Rs.241m, up 22% YoY, with NPAT of Rs.141m; net operating income rose 34% to Rs.1.43bn, loans grew 49% to Rs.26.7bn and deposits increased 17% to Rs.16.9bn.

Janashakthi Finance PLC reported Profit Before Tax of LKR 241 million for H1 FY2026, a 22% YoY increase. NPAT was LKR 141 million; net operating income rose 34% to LKR 1.43 billion, loans grew 49% to LKR 26.7 billion and deposits increased 17% to LKR 16.9 billion.

Janashakthi Finance PLC's Alternative Finance Business Unit won a Merit Award at the 10th IFFSA Awards 2025 for 'Islamic NBFI Window/Unit of the Year 2024/2025'. The recognition highlights its Shariah-compliant products (Wakalah Term Investment, Ijarah and Ijarah Tuk) and bolsters parent JXG's brand.

First Capital Holdings PLC (CFVF.N0000) was awarded the SSCI Certificate of Acceptance by the European Organisation for Sustainable Development, becoming the world's first investment institution to receive it. The company is a subsidiary of Janashakthi (JXG.N0000) and its CEO participated as a panelist at the conference.

Janashakthi Limited (JXG) will return as title sponsor of DHACK 2025 on 1 November 2025, supporting a UI/UX student competition featuring seven finalists.

First Capital Holdings PLC received the Sustainability Standards & Certification Initiative (SSCI) Certificate of Acceptance from the European Organisation for Sustainable Development, becoming the world’s first investment institution to gain SSCI acceptance.

First Capital Holdings (CFVF.N0000) joined the Partnership for Carbon Accounting Financials (PCAF), becoming the first Sri Lankan capital markets institution to adopt the PCAF financed-emissions framework. For FY2024/25 it reported 309.9 tCO2e under Scope 1–3, excluding financed emissions.

Janashakthi Finance PLC signed an MoU with Toyota Lanka to launch joint vehicle leasing solutions for new and pre-owned cars. Janashakthi Finance will train Toyota sales staff and run co-branded promotions, with benefits flowing to its parent Janashakthi Group.

Janashakthi Finance PLC (BFN.N0000) opened its 38th branch in Kalmunai, expanding its presence in the Eastern Province. The new branch will offer lending, savings, micro-finance, gold loans, Islamic finance and digital banking services and is a subsidiary of Janashakthi Limited (JXG.N0000).

Janashakthi Finance PLC opened its 38th branch in Kalmunai, expanding its retail footprint and offering lending, savings, microfinance, gold loans, Islamic finance and digital banking services to the Eastern region.

Janashakthi Limited hosted a neurolinguistic programming (NLP) leadership programme for its group management to strengthen leadership capability and team performance. The session was delivered by Ramesh Prasad, an internationally certified NLP Master Trainer.

First Capital Holdings PLC (CFVF.N0000), a subsidiary of Janashakthi Group (JXG.N0000), is title sponsor of 'First Capital Startup Nation' with Hatch, selecting 10 startups from 183+ applicants to access best-effort support to secure $100,000 in funding, mentorship and investor exposure.