CIC Holdings FY26 Profit Growth exceeded 24 percent as the diversified conglomerate delivered strong earnings despite weather-related disruptions affecting parts of its agricultural operations. The group’s latest financial results underscore the resilience of its multi-sector business model and its ability to sustain momentum across key growth segments.
CIC Holdings FY26 Profit Growth driven by healthcare and livestock sectors
CIC Holdings PLC reported consolidated revenue of Rs. 91.75 billion for the financial year ended March 31, 2026, representing a year-on-year increase of 10.16 percent. The performance was supported by steady growth across its crop solutions, livestock solutions, health and personal care, industrial solutions, and agri produce businesses.
The group’s gross profit rose by 8.39 percent to Rs. 24.09 billion, while maintaining a healthy gross margin of approximately 26.25 percent. Operating profit increased by 10.39 percent to Rs. 11.90 billion, reflecting the strength of the company’s diversified revenue streams and operational efficiency.
The most notable achievement was the CIC Holdings FY26 Profit Growth in bottom-line earnings. Profit after tax increased by 24.50 percent to Rs. 8.25 billion compared to Rs. 6.63 billion recorded in the previous financial year. Profit before tax also climbed by 23.97 percent to Rs. 11.42 billion, aided by stronger operating performance and a higher contribution from equity-accounted investees.
Earnings before interest and taxes (EBIT) reached Rs. 11.90 billion, up from Rs. 10.78 billion in FY25. Meanwhile, finance costs increased by 12.49 percent to Rs. 2.66 billion due to higher working capital requirements as the business expanded across multiple sectors.
The group’s crop solutions business continued to be its largest revenue contributor, accounting for approximately 40.8 percent of total segmental revenue. Revenue from this segment grew from Rs. 33.84 billion to Rs. 38.64 billion, while generating segmental profits of Rs. 4.41 billion. The performance reaffirmed the company’s deep roots within the Sri Lanka agriculture sector, where it remains one of the country’s most influential agribusiness players.
Livestock solutions also delivered a strong performance during the year. Revenue increased from Rs. 18.05 billion to Rs. 19.86 billion, while segmental profit rose by 19.09 percent to Rs. 2.21 billion. Growth was driven by higher feed volumes, increasing poultry demand, and expansion within veterinary care services.
Among all business segments, health and personal care recorded the strongest profit growth. Revenue increased from Rs. 19.12 billion to Rs. 19.85 billion, while segmental profit surged by 33.65 percent to Rs. 2.74 billion. The improvement was largely attributed to the pharmaceutical business and the continued growth of Link Naturals’ export operations, highlighting the importance of healthcare as a strategic growth driver for the diversified conglomerate.
Industrial solutions also contributed positively to overall results. Revenue rose from Rs. 8.40 billion to Rs. 9.16 billion, while profits increased by 20.74 percent to Rs. 1.70 billion. The segment benefited from stable demand and improved operational efficiencies during the year.
Despite the overall positive performance, the agri produce segment faced challenges following the impact of Cyclone Ditwah. Adverse weather conditions disrupted cultivation activities and field operations, affecting agricultural output. In addition, the liberalisation of rice imports created further pressure on the segment. Nevertheless, agri produce revenue increased from Rs. 5.84 billion to Rs. 6.35 billion and generated a profit of Rs. 286 million.
In response to the cyclone’s impact, CIC undertook extensive clean-up operations, field restoration activities, and support programs aimed at helping farming communities resume cultivation as quickly as possible. These initiatives reinforced the company’s long-standing commitment to the Sri Lanka agriculture sector and rural economic development.
The company’s strong financial performance was also reflected in shareholder returns. Earnings per share increased by 26.77 percent from Rs. 2.87 to Rs. 3.64. Total assets stood at Rs. 99.75 billion at the end of the financial year. During FY26, CIC also completed a one-for-five ordinary share split, marking its second share split within five years.
Commenting on the results, Group CEO Aroshan Seresinhe said the year demonstrated the resilience of the company’s business model despite challenges created by Cyclone Ditwah. He noted that while agricultural operations faced disruptions, strong performances from pharmaceuticals, industrial solutions, medical devices, feeds, poultry, veterinary care, and export businesses helped sustain growth.
The continued CIC Holdings FY26 Profit Growth highlights the strength of the group’s diversified portfolio and its ability to balance risks across multiple industries. As the company focuses on strengthening healthcare and agriculture ecosystems in Sri Lanka, it remains positioned to create sustainable long-term value for shareholders, customers, and communities alike.