PickMe nine-month performance for FY2025/26 highlights strong revenue, profit growth, and rising platform activity, reinforcing the company’s leadership position in Sri Lanka’s digital mobility sector despite weather-related disruptions during the period.
PickMe nine-month performance driven by higher platform activity
PickMe nine-month performance for the financial year 2025/26 reflects sustained growth momentum and operational resilience, as Digital Mobility Solutions Lanka PLC reported strong financial and platform metrics across its core service verticals. The company said its results for the first nine months of the year underscore the effectiveness of its platform-led strategy and disciplined execution.
For the nine months ended in FY2025/26, PickMe recorded revenue of Rs. 6.2 billion, representing a 50 percent year-on-year increase from Rs. 4.1 billion in the corresponding period of the previous financial year. The growth was supported by record levels of user engagement, an expanding supply base, and increased activity across ride-hailing, deliveries, and other digital mobility services.
Overall platform activity rose by 47 percent year-on-year during the nine-month period, translating into a 46 percent increase in Gross Transaction Value to Rs. 59.5 billion, compared with Rs. 40.7 billion in the same period last year. The expansion in trips and deliveries has reinforced PickMe’s role as a widely used digital utility, serving both consumers and income earners across the country.
The company highlighted that its platform continues to function as a significant income-generation channel. Average monthly ride-hailing driver earnings increased by 14 percent compared to the same period last year, reflecting higher utilisation rates and sustained demand. Management noted that this growth highlights the expanding economic opportunity available to the community of third-party drivers operating on the platform.
Supported by strong top-line growth, improved operating leverage, and disciplined cost management, PickMe delivered a sharp improvement in profitability. Operating profit for the first nine months of FY2025/26 rose 93 percent year-on-year to Rs. 2.1 billion, compared with Rs. 1.1 billion in the previous year. Net profit increased by 89 percent to Rs. 1.5 billion, demonstrating the company’s ability to scale efficiently while maintaining financial discipline.
Performance in the third quarter of FY2025/26 also remained robust despite temporary external disruptions. Revenue for the quarter reached Rs. 2.3 billion, marking a 48 percent year-on-year increase from Rs. 1.5 billion recorded in the corresponding quarter last year. The company said this outcome was achieved even as Cyclone Ditwah caused short-term disruptions in late November 2025.
While regions outside the Western Province were more severely affected by the cyclone, PickMe noted that activity levels returned to pre-cyclone conditions within two weeks. Strong seasonal demand in the Western Province helped offset reduced activity in the Central Province, which was the most impacted region during the adverse weather event.
Commenting on the results, PickMe Founder and Chief Executive Officer Jiffry Zulfer said that consistent execution and strong user engagement enabled the company to deliver resilient growth despite external challenges. He added that the company remains focused on scaling responsibly while continuing to deliver dependable value to users, earners, and shareholders.
Chairman Ajit Gunewardene said the results reflected a disciplined strategy, sound governance practices, and a business model designed for sustainable growth. He noted that although the quarter was affected by severe weather conditions, the company’s performance demonstrated the resilience of its platform and the strength of its long-term strategic direction.
The results reaffirm PickMe’s execution capabilities and the scalability of its digital mobility ecosystem. Management said continued investments in innovation, operational efficiency, and ecosystem expansion position the company to sustain growth momentum through the remainder of FY2025/26.
As Sri Lanka’s digital economy continues to expand, PickMe’s nine-month performance highlights the role of technology-driven platforms in supporting mobility needs, facilitating commerce, and generating income opportunities. With strong engagement trends, improving profitability, and a broadening service footprint, the company remains well positioned to navigate external volatility while pursuing long-term growth objectives.