Janashakthi Limited (JXG) celebrated graduation of its inaugural Spartans I 18-month Management Trainee Programme, with graduates placed across JXG and subsidiaries including First Capital and Janashakthi Finance as part of its talent-pipeline development.
Banks & Finance · Investment Banks/Brokers
First Capital Holdings PLC is a Colombo Stock Exchange listed holding company that provides integrated financial services and capital market solutions across Sri Lanka through a group of operating subsidiaries.
CFVF shares are down 36.1% over the past year and last closed at Rs 39.60 on Sep 30, 2026.
Monthly seasonality
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +4.8 | -7.5 | -12.0 | +11.5 | -8.5 | -2.2 | -10.2 | -5.9 | -11.2 | +0.0 | +0.0 | +0.0 |
| 2025 | -0.5 | -7.1 | -5.4 | -1.1 | +5.8 | -3.8 | +11.4 | +34.6 | +18.1 | -6.6 | +1.9 | +5.1 |
| 2024 | +1.1 | -7.4 | +31.7 | -11.0 | -6.2 | +0.3 | -4.8 | -1.1 | +12.9 | -2.3 | +10.0 | +20.6 |
| 2023 | +37.6 | -9.6 | -10.6 | -8.2 | +1.7 | +9.4 | +38.0 | +15.6 | -5.8 | -38.2 | +6.9 | -13.6 |
| 2022 | +1.9 | -2.1 | -27.9 | +0.0 | +0.0 | -10.0 | +2.2 | +16.3 | +78.5 | -6.8 | +41.6 | +13.9 |
| 2021 | +0.0 | -9.7 | +5.0 | -17.2 | +8.4 | +5.1 | +7.8 | -18.7 | -2.2 | +3.6 | -10.1 | +3.9 |
| 2020 | +2.2 | -15.7 | -34.3 | +0.0 | +0.0 | +33.3 | +10.2 | +5.9 | -5.4 | -7.9 | +4.4 | +0.5 |
| 2019 | -5.1 | -10.4 | -7.6 | -2.6 | +28.0 | +0.0 | +77.1 | +2.4 | -7.9 | -9.6 | -6.9 | +0.2 |
| 2018 | +8.3 | -4.7 | -8.6 | -4.4 | +0.3 | -3.3 | +3.4 | +0.7 | -10.4 | +0.0 | -3.3 | +10.5 |
| 2017 | -6.5 | -15.2 | -2.9 | +32.5 | +0.4 | +18.0 | +14.6 | -1.9 | +0.6 | +9.6 | -12.6 | -0.9 |
| 2016 | -20.0 | -10.5 | +7.3 | +24.0 | -16.0 | -5.0 | +18.4 | -4.0 | +53.7 | -9.6 | -11.0 | -2.6 |
| 2015 | -2.1 | -10.0 | -34.8 | +52.6 | -7.8 | -8.7 | +6.6 | +6.5 | -20.8 | -5.4 | -8.5 | -7.4 |
| 2014 | +21.1 | -11.8 | +3.2 | +8.8 | -0.5 | -2.9 | +22.2 | +30.2 | +70.6 | -6.7 | -6.8 | -1.9 |
| 2013 | -3.3 | +0.9 | -4.3 | +16.1 | +24.6 | +15.4 | -1.1 | +1.6 | -21.3 | +10.1 | -1.8 | +9.4 |
| 2012 | +0.0 | +0.0 | +0.0 | +0.0 | -27.3 | +25.0 | -2.0 | +41.8 | +7.9 | -17.3 | -3.2 | +0.0 |
| Average | +2.8 | -8.6 | -7.2 | +7.8 | +0.2 | +4.7 | +12.9 | +8.3 | +10.5 | -6.2 | +0.0 | +2.7 |
| ASPI average | +3.1 | -2.7 | -4.7 | +2.0 | +0.2 | +0.8 | +3.1 | +2.2 | +3.2 | -0.1 | +1.0 | +3.0 |
| Median | +0.5 | -9.7 | -6.5 | +0.0 | +0.3 | +0.0 | +7.8 | +2.4 | -2.2 | -6.7 | -3.2 | +0.4 |
| % up | 50% | 7% | 29% | 46% | 54% | 47% | 73% | 67% | 47% | 21% | 36% | 57% |
Fundamentals
| Line | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Total income | Rs 15.1B +7.3% | Rs 14.1B -30.4% | Rs 20.2B +258.8% | Rs 5.6B +2,976.1% | Rs 183.1M -97.0% | Rs 6.0B +15.6% | Rs 5.2B +25.2% | Rs 4.2B -0.4% |
| Operating profit | Rs 3.5B -46.9% | Rs 6.7B -59.0% | Rs 16.3B +326.3% | Rs 3.8B | Rs -770.5M | Rs 2.9B +70.2% | Rs 1.7B +1,832.9% | Rs 88.4M -92.3% |
| Net profit | Rs 2.1B -58.0% | Rs 5.0B -50.6% | Rs 10.2B +283.7% | Rs 2.6B turned profitable | Rs -652.3M fell into loss | Rs 2.1B +95.1% | Rs 1.1B +14,118.9% | Rs 7.5M -99.6% |
| EPS | 4.77 -58.8% | 11.58 -47.7% | 22.15 +283.2% | 5.78 | -1.50 | 19.66 +97.8% | 9.94 +49,600.0% | 0.02 -99.9% |
Compared with the same period a year earlier.
Per-share figures are as reported, not adjusted for splits.
Recent dividends
- 2026 · first interimRs 7.00
- 2025 · first interimRs 7.50
- 2024 · second interimRs 5.00
- 2024 · first interimRs 12.25
- 2023 · first interimRs 2.25
- 2021 · first interimRs 5.00
- 2020 · second interimRs 5.00
- 2020 · first interimRs 4.00
| # | Company | Price | Mkt cap | P/E | P/B | EPS | ROE | Div Yield |
|---|---|---|---|---|---|---|---|---|
| 1 | CALH.N0000 | 12.20 | Rs 25.3B | 10.3 | 1.37 | 1.18 | 12.14% | 8.20% |
| 2 | FCT.N0000 · same group, not in the median | 26.80 | Rs 16.5B | 10.3 | 2.39 | 2.61 | 21.00% | 18.66% |
| 3 | CFVF.N0000 · this company | 39.60 | Rs 16.0B | - | 2.22 | -1.73 | -9.67% | 17.68% |
| 4 | CALT.N0000 | 43.10 | Rs 14.2B | - | 1.71 | -6.67 | -26.44% | 27.84% |
| 5 | WLTH.N0000 | 11.20 | Rs 13.7B | 24.3 | 2.14 | 0.46 | 7.89% | - |
| Peer median · 3 companies | - | - | - | 1.71 | - | - | - |
About First Capital Holdings Public Limited Company
First Capital Holdings PLC is a Colombo Stock Exchange listed holding company that provides integrated financial services and capital market solutions across Sri Lanka through a group of operating subsidiaries. The Group offers multi-asset class capabilities supported by research, digital distribution and shared service functions to deliver advisory, dealing, asset management and broking services. The company operates across five core business areas: government securities, corporate finance advisory, corporate dealing securities, asset management and stock brokering. Its asset management business offers unit trusts, money market funds and customised portfolios for retail and institutional clients, while other businesses facilitate access to government securities markets, provide corporate finance and advisory services, and execute dealing and broking activities. First Capital Holdings is the parent of First Capital Limited (its 100% owned operating company), which in turn holds full or majority ownership of subsidiaries including First Capital Treasuries PLC, First Capital Asset Management Limited, First Capital Equities (Private) Limited, First Capital Advisory Services (Private) Limited, First Capital Trustee Services (Private) Limited and First Capital Markets Limited; regulated businesses in the Group are licensed by the Securities and Exchange Commission of Sri Lanka and/or the Central Bank of Sri Lanka. The Group serves the Sri Lankan market.
AI analysis
bearishFirst Capital has swung into a LKR 726 million quarterly loss after a strong audited year. Its 14.6% dividend yield does not offset sharply weaker current earnings and an expensive sector valuation.
Read the full report (Aug 14, 2026) →News sentiment
Describes news flow, not a forecastNo scored news in the last 30 days.
First Capital Holdings PLC was named a Great Workplace for Young Talent in Sri Lanka for 2026 by Great Place To Work® Sri Lanka. The recognition, covering organisations assessed June 2025-May 2026, is based on the Great Place To Work For All model using the Trust Index employee survey and a Culture Audit.
Janashakthi Limited (JXG) reported maiden Q1 FY27 consolidated revenue of Rs.6.4bn and a group loss of Rs.780.8m, driven by mark-to-market losses on fixed-income trading at First Capital. Janashakthi Insurance posted NPAT of Rs.129m and Janashakthi Finance NPAT of Rs.90.4m, while First Capital recorded an Ld of Rs.726m.
Janashakthi PLC (JXG) reported maiden Q1 FY27 consolidated revenue of LKR 6.4Bn and a Group loss of LKR 780.8Mn, driven by mark-to-market losses on fixed-income positions amid short-term interest rate volatility. First Capital reported a LKR 726Mn loss, while Janashakthi Insurance posted NPAT of LKR 129Mn (GWP +36% to LKR 5.1Bn) and Janashakthi Finance saw NPAT rise 51% to LKR 90.4Mn; the group is pursuing a proposed acquisition of Continental Insurance Lanka subject to approval.
First Capital Holdings PLC reported a Loss after Tax of Rs. 726Mn for Q1 FY2026/27 versus a Profit of Rs. 2.15Bn a year earlier, with a Net Trading Loss before operating expenses of Rs. 565Mn as interest-rate moves and adverse mark-to-market trading hit fixed-income businesses; the Primary Dealer reported a Rs. 741Mn loss. The group noted a 100bp policy rate rise and continued contributions from advisory, wealth management and brokering divisions, and First Capital Treasuries PLC and the holding
First Capital Holdings PLC (a JXG subsidiary) achieved multiple sustainability firsts in FY2025/26, becoming the first investment institution globally to receive the SSCI Certificate of Acceptance and Sri Lanka's first investment institution to join UNGC, WEP and PCAF. The firm also joined PRI, verified its carbon emissions and is embedding ESG and SLFRS S1/S2 readiness into governance and investment processes.
First Capital Holdings PLC unveiled a refurbished Negombo branch with modern interiors and an expanded team to enhance customer service. The upgrade, at one of its top-performing locations, reflects ongoing investment by First Capital (a subsidiary of Janashakthi Limited) in client touchpoints.
First Capital Asset Management, the wealth management arm of First Capital Holdings PLC (CFVF.N0000), concluded a Professional Fund Management short course for University of Kelaniya students and held a certification ceremony.
First Capital Holdings PLC (CFVF) and Hatch launched the 2026 First Capital Startup Nation regional edition, offering startups access to up to USD 1 million in funding and expanding the programme across South Asia.
First Capital Research: aggregate earnings of 271 listed companies fell 11.4% YoY in the March 2026 quarter (third straight quarter), but underlying earnings rose 30.1% YoY after adjusting for major one-offs. Food, Beverage & Tobacco dragged the aggregate result while retailing and telecom posted strong gains (e.g. UML, DIAL, SLTL, SINS).
Banks & Finance sector: what is happening
Last 14 days to Sep 30, 2026With policy held at 8.75% amid 8.0% inflation, and Treasury and secondary bond yields rising during the window, banks face continued pressure to reprice deposits and loans while government-securities portfolios remain sensitive to yield moves. The rupee weakened and foreign investors sold rupee bonds for a second week. From 1 November, TIN verification will be required for bank accounts and credit cards, adding onboarding compliance.
The stories behind it
Auto-generated from 45 sector news articles over 14 days. Not investment advice.