Dialog Axiata PLC has reported strong financial performance for the first half of 2026, with the Dialog Axiata Group recording significant growth in revenue, profitability and cash generation, while continuing to invest heavily in Sri Lanka’s digital infrastructure.
The company announced its consolidated financial results for the quarter ended 30 June 2026 on 14 August 2026, covering the performance of Dialog Axiata PLC and the wider Dialog Axiata Group.
Group revenue reached Rs. 95.5 billion in 1H 2026, representing a 9% year-to-date (YTD) increase, driven by strong performance across its Mobile, Fixed and Digital Pay Television businesses. On a quarter-on-quarter (QoQ) basis, revenue grew 2% to Rs. 48.2 billion in Q2 2026, supported by higher data revenue and continued growth in Home Broadband.
Group EBITDA increased by 23% YTD to Rs. 50 billion, supported by revenue growth and cost-rescaling initiatives. The EBITDA margin expanded by 6 percentage points year-on-year to 52.3%. On a QoQ basis, EBITDA increased 6% to Rs. 25.7 billion during Q2 2026.
Group Profit After Tax (NPAT) reached Rs. 19.3 billion for 1H 2026, more than doubling compared to the corresponding period last year. The growth was supported by stronger EBITDA, lower net finance costs and foreign exchange gains, primarily arising from the timely execution of forward contracts against future US dollar-denominated liabilities.
For Q2 2026, Group NPAT increased 10% QoQ to Rs. 10.1 billion. Excluding foreign exchange gains, underlying NPAT stood at Rs. 9.6 billion, reflecting a 4% QoQ increase and 76% YoY growth. Underlying NPAT for the first half of the year reached Rs. 18.8 billion, up 91% YoY.
Reflecting its strong operating performance, the Group generated Rs. 18.4 billion in Operating Free Cash Flow (OFCF) during 1H 2026.
Dialog Axiata PLC also approved a second interim dividend of Rs. 0.70 per share for FY 2026 at its meeting held on 14 August 2026. This brings the total year-to-date dividend distribution to Rs. 1.40 per share, equivalent to an annualised dividend yield of 6.1% based on the company’s closing share price for Q2 2026.
At the company level, Dialog Axiata PLC remained the Group’s primary contributor, accounting for 77% of Group revenue and 75% of Group EBITDA.
JXG Records Rs. 6.4Bn Revenue in First Results Since CSE Listing Despite Global Headwinds
Janashakthi PLC (JXG) has reported its first quarterly financial results since its successful listing on the Colombo Stock Exchange (CSE), recording consolidated revenue of Rs. 6.4 billion for the first quarter of FY2026/27 (Q1 FY27).
The company’s Initial Public Offering (IPO), which preceded the listing, was oversubscribed three times, marking a significant milestone for the Group as it entered the next phase of its growth journey as a listed entity.
Consolidated revenue for Q1 FY27 declined from Rs. 7.2 billion recorded during the corresponding quarter of the previous financial year. The decline came amid heightened global economic uncertainty and geopolitical tensions linked to the ongoing conflict in the Middle East.
Despite these external pressures, JXG’s core businesses demonstrated resilience during the quarter, with the Group expecting the impact of these challenges to moderate as the financial year progresses.
Commenting on the results, Chandan de Silva, Group Chairman of Janashakthi PLC, said the release of the Group’s maiden results as a listed company represents an important milestone.
“Reporting our first set of results as a listed entity following a successful IPO is a significant milestone for the Group. The first quarter reflects a changing economic and market environment, with short-term movements impacting certain areas of performance,” he said.
He added that the Group remains focused on disciplined capital allocation, strong governance and strengthening its core businesses while pursuing its long-term strategic priorities.
During Q1 FY27, First Capital Holdings PLC contributed Rs. 2.1 billion to consolidated revenue, while Janashakthi Insurance PLC contributed Rs. 2.5 billion and Janashakthi Finance PLC contributed Rs. 1.8 billion.
The Group’s insurance and finance businesses delivered strong underlying performance during the quarter. However, this performance was offset at the consolidated level by mark-to-market losses arising from fixed-income trading at First Capital Holdings.
Dialog Reports Strong 1H 2026 Performance, Contributing Rs. 30.9Bn to State Revenue and Investing Rs. 18.5Bn in Digital Infrastructure
