SLT-Mobitel has announced a strong rebound in its financial performance for the first quarter of 2025, reporting a consolidated profit-after-tax (PAT) of Rs. 2,001 million — a dramatic surge from Rs. 156 million recorded in the same period last year.
Calling it more than just a financial milestone, Chairperson Dr. Mothilal de Silva stated, “It is a reaffirmation of our role as a resilient and indispensable pillar of Sri Lanka’s digital future.”
Group-Wide Gains Fuel Profit Growth
The group’s impressive turnaround was powered by robust contributions from both core segments — SLT PLC and Mobitel.
SLT PLC recorded a PAT increase of 369.9%, reaching Rs. 1,344 million, alongside a 380% rise in profit-before-tax (PBT) and a 60.3% boost in operating profit. These results were driven by revenue growth in key segments such as enterprise services, SMEs, and broadband, coupled with disciplined cost management and operational efficiency.
Mobitel Returns to Profitability
Mobitel, the group’s mobile services arm, posted Rs. 11.8 billion in revenue in Q1 2025, fueled by growing consumer demand for mobile data services.
The mobile unit’s EBITDA rose 28.5%, achieving a 30% EBITDA margin, while operating profit soared by 392%. Mobitel successfully reversed its fortunes, shifting from a net loss in Q1 2024 to a net profit of Rs. 477 million in Q1 2025.
These results underscore SLT-Mobitel’s strengthening financial foundation and its strategic positioning as a digital enabler in Sri Lanka’s telecom sector.