Diversified conglomerate CIC Holdings PLC (CSE: CIC) has achieved notable revenue growth for the fiscal year ending March 31, 2026 (FY26), successfully managing challenges posed by adverse weather conditions and cost pressures within various sectors. The company reported consolidated revenues of Rs. 91.75 billion, marking a year-on-year increase of 10.16%, driven by robust performance across its diverse portfolio.
The gross profit for the group reached Rs. 24.09 billion, up by 8.39% compared to the previous year, with gross margins remaining stable at around 26.25%. Operating profit also saw an increase of 10.39%, totaling Rs. 11.90 billion, a reflection of effective management practices, enhanced sector performance, and sustained demand in core business areas. Profit after tax surged by 24.50%, reaching Rs. 8.25 billion, up from Rs. 6.63 billion in FY25.
CIC’s Crop Solutions division was the leading contributor to revenue, accounting for roughly 40.8% of total segment revenue, bolstered by its strong position in Sri Lanka’s agricultural supply chain. Both the Livestock Solutions and Health & Personal Care segments contributed approximately 21% each, while Industrial Solutions and Agri Produce represented around 10% and 7% respectively.
Despite facing losses in the Agri Produce segment due to the effects of Cyclone Ditwah, which disrupted cultivation and field operations, the Group maintained strong profitability across other sectors. The company provided significant support to farming communities through organized clean-up efforts, field restoration, and assistance in resuming cultivation. The Health & Personal Care segment experienced notable earnings growth, aided by the performance of pharmaceuticals, including exports from Link Naturals, while Livestock Solutions benefited from increased feed sales and poultry demand alongside growth in veterinary services.
The Group’s EBIT stood at Rs. 11.90 billion, up from Rs. 10.78 billion in the prior year, with profit before tax rising by 23.97% to reach Rs. 11.42 billion. This growth was driven by improved operational performance and a larger share of profits from equity-accounted investees, although finance costs rose by 12.49% to Rs. 2.66 billion due to increased working capital needs.
Throughout the review period, the Group’s principal business segments, including Crop Solutions, Agri Produce, Livestock Solutions, Industrial Solutions, and Health & Personal Care, demonstrated resilience. Revenue from Crop Solutions increased from Rs. 33.84 billion to Rs. 38.64 billion, while Livestock Solutions grew from Rs. 18.05 billion to Rs. 19.86 billion. Health & Personal Care saw its revenue rise from Rs. 19.12 billion to Rs. 19.85 billion. Additionally, Industrial Solutions revenue grew from Rs. 8.40 billion to Rs. 9.16 billion, and Agri Produce revenue increased from Rs. 5.84 billion to Rs. 6.35 billion.
In terms of profitability, Health & Personal Care experienced the most substantial segment profit growth at 33.65%, reaching Rs. 2.74 billion, while Industrial Solutions saw a 20.74% increase to Rs. 1.70 billion. Livestock Solutions reported a 19.09% rise in segment profit to Rs. 2.21 billion. Crop Solutions remained the largest profit generator, contributing Rs. 4.41 billion, while Agri Produce reported a profit of Rs. 286 million, reflecting the challenges posed by weather-related disruptions and the liberalization of rice imports to Sri Lanka during the year.
The Group’s earnings per share improved from Rs. 2.87 to Rs. 3.64, marking a year-on-year increase of 26.77%. Total assets reached Rs. 99.75 billion, nearing the Rs. 100 billion milestone. In line with its commitment to enhancing total shareholder returns (TSR), the company executed a 1:5 ordinary share split in October 2025, marking the second such split in five years.
Reflecting on the results, CIC Holdings Group CEO Aroshan Seresinhe remarked, “FY26 showcased the resilience of CIC’s diversified business model and the dedication of our teams across all sectors. While Cyclone Ditwah caused significant disruptions for agricultural communities and impacted parts of our Agri operations, our priority was to assist farmers and ground-level stakeholders through this challenging period to ensure the swift resumption of cultivation activities through effective productivity enhancement initiatives. Simultaneously, strong performances in pharmaceuticals, Industrial Solutions, Link Naturals’ export business, medical devices, feeds, poultry, and veterinary care have sustained the Group’s operational momentum. We remain committed to strengthening Sri Lanka’s agricultural and healthcare ecosystems while delivering sustainable long-term value for all stakeholders.”
Image Captions:
Image 01 – CIC Holdings Chairman S.H. Amarasekara
Image 02 – CIC Holdings Group CEO Aroshan Seresinhe
Financial Chronicle Biz English | Sri Lanka Business News.
