SLT Group PAT surges 221% in 2025, reflecting strong operational performance and strategic cost management. Profitability across both SLT PLC and Mobitel saw remarkable growth, supported by rising revenues, reduced finance costs, and operational efficiency.
SLT Group PAT surges 221% in 2025, driven by efficiency, cost savings, and Mobitel’s record growth
The Sri Lanka Telecom (SLT) Group concluded FY2025 on a high note, reporting a 221% surge in Group PAT to Rs. 10 billion, compared to Rs. 3.1 billion in FY2024. This growth was largely driven by cost savings, lower finance costs, and steady revenue growth across both fixed and mobile segments, showcasing the Group’s disciplined operational and financial strategies.
Group revenue increased 3% to Rs. 114.2 billion, with SLT PLC contributing a 2% rise and Mobitel achieving a stronger 5% increase. Operating expenses, excluding depreciation and amortisation, were managed at Rs. 72 billion, which enabled a 5.5% improvement in EBITDA to Rs. 42.2 billion and a 26.9% increase in operating profit to Rs. 14.2 billion. Finance costs decreased 21% to Rs. 7,054 million, reflecting reduced debt and lower interest rates, contributing to an 88% growth in PBT to Rs. 11.3 billion.
SLT Group Chairman Dr. Mothilal de Silva said, “The SLT Group’s financial performance for FY2025 underscores the effectiveness of our strategic direction and the robustness of our operations. Through stringent cost management and prudent financial stewardship, we delivered significant improvements in profitability while advancing both our fixed and mobile businesses.” He further praised the teams’ resilience during Cyclone Ditwah, highlighting rapid network restoration and continuity of essential services.
SLT PLC posted revenues of Rs. 73 billion for FY2025, a 2% increase YoY. Broadband revenue strengthened, fueled by growing FTTH adoption, while the enterprise segment recorded consistent contributions from networking, internet, and managed services. Government and SME sectors also demonstrated solid growth. Operating expenses rose slightly by 3% to Rs. 46.6 billion, while EBITDA remained steady at Rs. 26.4 billion. Operating profit increased 27% to Rs. 9.3 billion, and PAT climbed 196% to Rs. 6.2 billion, supported by lower finance costs as vendor financing and borrowings were settled.
Mobitel’s performance was exceptional, achieving a PAT of Rs. 3.1 billion, representing a 2,123% increase over FY2024. Revenue grew 5% to Rs. 47.9 billion, driven by data revenue growth, expanded subscriber base, VAS, roaming, device sales, and enterprise solutions including mCash. Effective cost management limited operating expense growth to 2%, contributing to an 11% rise in EBITDA to Rs. 15.1 billion and an 18% increase in operating profit to Rs. 3.4 billion. The PAT boost was also aided by a normalisation of taxation and first-year allowances from new investments.
SLT-Mobitel CEO Riyaaz Rasheed commented, “FY2025 has been a critical year for the SLT Group. Through strong execution and disciplined management, SLT PLC and Mobitel achieved impressive profitability gains. We are entering FY2026 with renewed energy to expand services and enhance customer engagement, accelerating growth through innovation and market leadership.”
In 4Q FY2025, the Group recorded a PAT of Rs. 3.5 billion, up 51% YoY, with revenue reaching Rs. 29.5 billion. SLT PLC’s contribution remained significant, growing revenue 4.4% to Rs. 19.1 billion, mainly due to FTTH subscriber expansion. Its 4Q PAT reached Rs. 2.2 billion, up 139% YoY, supported by lower interest costs. Mobitel generated Rs. 12.5 billion in revenue, a 1% increase, while PAT rose 14% to Rs. 1.4 billion, aided by tax benefits recognised during the quarter.
Strategic fibre investments were pivotal in FY2025, enhancing last-mile connectivity and high-speed broadband access nationwide. This accelerated digital infrastructure projects such as the Lanka Government Network and Cloud, reinforcing SLT Group’s role in advancing e-governance and the ICT/BPM sectors. Mobitel’s leadership in mobile connectivity, strengthened by disciplined network investments and customer-focused offerings, was further highlighted by the strategic acquisition and rollout of 5G, cementing the company’s role in Sri Lanka’s digital transformation.
Following Cyclone Ditwah, SLT-Mobitel swiftly restored over 98% of affected sites within a week, prioritising hospitals and government agencies. The launch of the 247 National Medical Helpline, in partnership with the University of Colombo, provided 24/7 medical guidance, underscoring the Group’s commitment as a trusted National ICT Solutions Provider.
Looking ahead, the SLT Group plans to accelerate broadband penetration, expand Mobitel’s subscriber base with competitive packages, and sustain enterprise and digital service growth. The Group remains committed to creating long-term value for customers, businesses, and Sri Lanka’s broader digital economy.