The SLT Group delivered strong financial results for the year ended 31 December 2025, reporting substantial cost savings and improved profitability across key metrics.
Group Profit After Tax (PAT) surged 221% year-on-year to Rs. 10 billion, compared to Rs. 3.1 billion in FY2024. Management attributed the growth to disciplined expense control, reduced finance costs and steady revenue expansion across fixed and mobile segments.
Finance costs declined 21% to Rs. 7,054 million as debt levels reduced and interest rates eased. As a result, Profit Before Tax rose 88% to Rs. 11.3 billion.
Chairman Dr. Mothilal de Silva stated that “The SLT Group’s financial performance for FY 2025 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 simultaneously advancing both our fixed and mobile businesses.
This performance reinforces our commitment to leveraging the momentum of 2025 to drive sustainable long-term growth and strengthen stakeholder confidence. I extend my sincere gratitude to all our stakeholders, particularly our loyal customers, for their continued trust, and to our employees for their dedication and outstanding resilience.
This commitment was especially evident in the aftermath of the recent Cyclone Ditwah, where our teams worked tirelessly to restore severely damaged network infrastructure and ensure the swift resumption of essential telecommunication services. This resilience will continue to guide us as we strengthen connectivity and deliver meaningful impact to the communities we serve.”
SLT PLC records steady gains
SLT PLC reported revenue of Rs. 73 billion, marking 2% annual growth. Broadband revenue strengthened due to increased FTTH adoption, while enterprise, government and SME segments contributed positively.
Operating expenses rose 3% to Rs. 46.6 billion. However, operating profit grew 27% to Rs. 9.3 billion. PAT reached Rs. 6.2 billion, a 196% increase year-on-year, supported by lower finance costs and settlement of vendor financing obligations.
Mobitel drives exceptional growth
Mobitel delivered a PAT of Rs. 3.1 billion, up 2,123% from Rs. 139 million in FY2024. Revenue increased 5% to Rs. 47.9 billion, driven by data consumption growth, subscriber expansion, value-added services, roaming and enterprise solutions.
EBITDA rose 11% to Rs. 15.1 billion, while operating profit climbed 18% to Rs. 3.4 billion. Profit growth was further supported by the transition to profit-based taxation and investment allowances.
CEO Riyaaz Rasheed stated that “FY 2025 has been a critical year for the SLT Group. Through strong execution and disciplined management, SLT PLC and Mobitel have achieved impressive profitability gains.
We are entering FY 2026 with renewed energy to expand services and enhance customer engagement, accelerating growth through innovation and market leadership.”
Q4 maintains momentum
In Q4 FY2025, Group PAT rose 51% to Rs. 3.5 billion, while revenue increased 1.6% to Rs. 29.5 billion.
SLT PLC recorded Q4 PAT of Rs. 2.2 billion, up 139%, supported by lower interest costs. Mobitel posted Rs. 1.4 billion in Q4 PAT, reflecting tax gains.
Fibre expansion and 5G leadership
During FY2025, the Group accelerated fibre investments to expand high-speed broadband nationwide. Fibre adoption supported digital infrastructure projects, including the Lanka Government Network and Cloud.
Mobitel also secured 5G spectrum and continued island-wide 5G deployment, positioning the Group at the forefront of next-generation connectivity.
National resilience and outlook
Following Cyclone Ditwah, SLT-MOBITEL restored over 98% of impacted network sites within one week. The company also launched a 24/7 National Medical Helpline in collaboration with the University of Colombo.
Looking ahead, the Group plans to expand fibre penetration, grow Mobitel’s subscriber base and strengthen enterprise digital services to sustain long-term value creation.
Last modified: March 3, 2026
