Economy & Growth Companies

Ambeon Group reports robust 2Q performance with sustained profit growth

Ambeon Capital PLC, the investment holding company of the Ambeon Group, has reported a Profit After Tax (PAT) of Rs. 3.82 billion for the second quarter of the financial year 2025/26, reflecting a strong continuation of the positive trajectory established in 1Q.

The year-to-date PAT stood at Rs. 4.55 billion, compared to Rs. 123 million recorded during the corresponding period of the previous year, marking a substantial improvement and reinforcing the group’s resilience and growth strategy.

Ambeon Holdings, the Group’s principal operating subsidiary and a leading diversified conglomerate with core operations across Information Technology, Financial Services, Real Estate, Group Treasury, and Strategic Investments, recorded a PAT of Rs. 3.22 billion for 2Q.

The year-to-date PAT rose to Rs. 3.9 billion, compared to Rs. 296 million in the same period last year. This growth was largely driven by fair value gains from strategic investments, enhanced operational efficiencies, and a continued focus on long-term value creation.

Ambeon Group Chairman Sujeewa Mudalige said: “We are delighted to report another quarter of strong results, continuing the growth momentum built during the first quarter. This performance highlights the Ambeon Group’s strategic foresight, prudent financial management, and the inherent strength of our diversified business model.”

During the quarter, Ambeon Holdings PLC reported group revenue of Rs. 4.48 billion, bringing the year-to-date revenue to Rs. 8.46 billion, reflecting steady expansion across all key sectors.

Ambeon Capital PLC and Ambeon Holdings PLC Group CEO/Executive Director Dr. Sajeeva Narangoda said: “Our 2Q performance reaffirms the Ambeon Group’s ability to adapt and thrive in a dynamic environment. By maintaining a balanced portfolio and executing our strategic priorities with agility, we continue to unlock value across our core sectors, technology, financial services, real estate, and strategic investments”.

“Guided by strategic discipline, prudent financial management, and a performance-driven culture, we will continue to build a resilient, future-ready organisation that creates enduring value for our shareholders, partners, and communities,” he added.

As a standalone entity, Ambeon Holdings PLC contributed Rs. 3.29 billion to group earnings for the period, reflecting robust growth in its strategic investment portfolio compared to the previous financial year.

The Financial Services cluster, operating under Taprobane Capital Plus and comprising stock broking, money broking, and fixed income trading, delivered a year-to-date PAT of Rs. 429 million, supported by steady demand and effective market positioning.

The Real Estate cluster, led by Colombo City Holdings PLC, recorded a year-to-date PAT of Rs. 320 million, driven by ongoing property value optimisation initiatives.

The Technology cluster, led by MillenniumIT ESP, continued to face industry-specific headwinds during the quarter. The Group remains focused on implementing targeted strategies to strengthen this portfolio and position it for long-term growth.

During Q2, reflecting its strategic foresight and confidence, Ambeon Capital PLC acquired a 51% equity stake in Mylands PLC, further expanding its footprint in Sri Lanka’s real estate sector.

The Company also acquired a 6.09% stake in The Kandy Hotels Company PLC, while the Ambeon Group collectively increased its holding in Ceylon Hotels Corporation PLC to 13.57%, reinforcing its growing presence in the leisure and tourism sector.

From a financial services perspective, the Group collectively increased its stake in DFCC Bank PLC to 9.91%, while maintaining a 9.93% holding in Seylan Bank PLC, underscoring continued confidence in the long-term potential of Sri Lanka’s banking industry.

Propelling ahead, the Ambeon Group remains firmly positioned for sustainable, long-term growth, leveraging its diversified business portfolio, prudent financial stewardship, and strategic foresight. The Group continues to focus on creating enduring value for shareholders and stakeholders alike, with a strong emphasis on innovation, agility, and operational excellence across every business cluster to enhance competitiveness and shareholder value.

Source: DailyFT