First Capital Holdings PLC, a subsidiary of JXG (Janashakthi Group) and a pioneering full-service investment institution, and Lanka Rating Agency Ltd (LRA), an independent credit rating authority of Sri Lanka, are pleased to announce the upgrade of the company\u2019s long-term credit rating to \u2018A+\u2019 from \u2018A\u2019, with a Stable Outlook.<\/p>\n
This upgrade reflects First Capital\u2019s sustained profitability, sound capital structure, robust governance, and strategic leadership in Sri Lanka\u2019s evolving capital market landscape.<\/p>\n
The rating upgrade follows an in-depth review of First Capital\u2019s financial performance, risk management frameworks, and market positioning. The company has consistently demonstrated strength in its core operations particularly in government securities trading, capital markets advisory, and wealth management backed by strong compliance standards and operational discipline.<\/p>\n
The agency\u2019s assessment underscored the company\u2019s strength amidst macroeconomic challenges and its ability to deliver consistent value across economic cycles, positioning it as a benchmark institution in Sri Lanka\u2019s capital markets.<\/p>\n
As a Primary Dealer licensed by the Central Bank of Sri Lanka, First Capital Treasuries PLC (a subsidiary of First Capital Holdings PLC) has long served as a pillar in Sri Lanka\u2019s fixed income securities market. The company has significantly contributed to deepening liquidity, enhancing price discovery mechanisms, and supporting institutional and retail access to government securities. Complementing this, its other businesses are market-leading entities, including asset management, overseeing over LKR 120 billion in assets as well as corporate finance and advisory services, corporate debt securities, and equities.<\/p>\n
With over four decades of market presence, First Capital Holdings PLC has played a critical role in advancing financial inclusion, improving capital formation, and reinforcing confidence in the country\u2019s financial infrastructure.<\/p>\n
Mr. Dilshan Wirasekara, Managing Director\/CEO, First Capital Holdings PLC, stated, \u201cThe upgrade to \u2018A+\u2019 is a milestone that reflects our sustained focus on delivering stability, innovation, and long-term value for our clients and stakeholders. We thank Lanka Rating Agency for their rigorous assessment and constructive engagement throughout the rating process.<\/p>\n
LRA has played an important role in enhancing transparency and market discipline in the financial service sector. Their analytical depth and professionalism bring credibility to Sri Lanka\u2019s credit rating landscape, contributing positively to the development of the national financial architecture.\u201d<\/p>\n
Dr. Kenneth De Zilwa, Chief Executive Officer, Lanka Rating Agency Ltd, commented, \u201cFirst Capital Holdings\u2019 upgraded rating is the result of their prudent financial stewardship, strategic foresight, and consistent operational strength. The company has demonstrated leadership not just in numbers, but in standards.<\/p>\n
I would also like to commend the leadership at First Capital Holdings PLC for maintaining high levels of governance, accountability, and transparency. Institutions like First Capital are critical to rebuilding national confidence and resilience in Sri Lanka\u2019s capital markets, and we are proud to stand alongside them in that journey.\u201d<\/p>\n
First Capital Holdings PLC reported a net profit after tax of LKR 5.0 billion for the year 2024\/25, compared to LKR 10.2 billion in the previous year. The Group\u2019s total assets reached LKR 99.3 billion, supported by a robust equity base of LKR 9.8 billion. In March 2025, the company declared a dividend payment of Rs. 7.50 per share amounting to Rs. 3.0 billion reflecting a dividend payout of 65%.<\/p>\n
Strong financial outcomes were driven by performance across the Primary Dealer and Dealing Securities divisions, which capitalized on declining interest rates to generate substantial trading gains in both government securities and listed equities.<\/p>\n
The \u2018A+\u2019 rating reflects a strong outlook for First Capital Holdings amid a dynamic macroeconomic environment. Key factors supporting the rating include sustained capital retention, effective risk controls, and limited exposure to related parties. Continued performance of subsidiaries and the financial standing of JXG (Janashakthi Group) First Capital\u2019s parent entity, will also be important drivers of future ratings.<\/p>\n","protected":false},"excerpt":{"rendered":"
First Capital Holdings PLC, a subsidiary of JXG (Janashakthi Group) and a pioneering full-service investment institution, and Lanka Rating Agency Ltd (LRA), an independent credit…<\/p>\n","protected":false},"author":2,"featured_media":4395,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":5,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-4397","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","entry"],"yoast_head":"\n