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Financials: CIC Holdings reports 16.7% PAT increase in 1HFY27

Diversified conglomerate CIC Holdings PLC (CSE: CIC) reported a 16.72% increase in Profit After Tax (PAT) to Rs 3.79 billion, for the first half of the financial year 2026/27 (HIFY27). During this time the group maintained steady top-line growth of 3.06%, compared to Rs 3.25 billion in the corresponding period of the previous year, notwithstanding Agri cluster movements shifting from the second quarter to the third quarter of the financial year.

Operating profit (EBIT) strengthened to Rs 5.86 billion, recording a 2.65% YoY growth, while profit before tax (PBT) rose to Rs 5.35 billion (up 8.26% YoY). During the period under review, Agri Solutions remained the group’s largest revenue contributor, accounting for approximately 40.18% of total gross segment revenue. Livestock Solutions and Health and Personal Care contributed around 24.29% and 23.08% respectively, while the Industrial Solutions segment accounted for 12.45% of total gross segment revenue.

Gross profit increased to Rs 11.69 billion, representing a 4.36% year-on-year growth, supported by disciplined pricing and operational efficiencies. Gross profit margin improved to 27.25%, demonstrating strong profitability resilience. Importantly, this solid performance was recorded during the group’s off-peak second quarter, despite the delayed rains pushing back the Agri season, underscoring CIC’s operational consistency and diversified earnings base.

During the period under review, key core operating sectors delivered strong results. Industrial Solutions delivered the strongest top-line expansion, with revenue surging 34.91% to Rs 5.43 billion. Livestock Solutions recorded an 11.87% revenue growth to reach Rs 10.59 billion, while Health and Personal Care revenue expanded by 6.40% to Rs 10.05 billion. Agri Solutions contributed Rs 17.51 billion to segment revenue.

In terms of profitability, Livestock Solutions recorded strong segmental profit growth of 30.86% to Rs 1.52 billion, while Industrial Solutions expanded its segmental profit by 47.37% to Rs 1.02 billion. The Health and Personal Care sector achieved a 10.02% increase in segmental profit to Rs 1.43 billion, while Agri Solutions generated Rs 1.63 billion in segment results. Overall, the group’s core business sectors generated Rs 5.60 billion in total segment results, representing a 3.85% year-on-year increase and reinforcing broad-based earnings resilience across key operating verticals.

Commenting on the performance, CIC Holdings Group CEO Aroshan Seresinhe said: “This performance reflects the inherent resilience of our business model and the focused execution of our teams across key growth verticals. By strengthening our core operations in agriculture, healthcare, livestock, and industrial solutions, we have sustained strong profitability and margin discipline despite challenging economic conditions. Our commitment remains firm on nurturing vital supply chains, expanding our high-value product offerings, and supporting community livelihoods. As we move into the second half of the financial year, we will continue to focus on operational excellence, driving sustainable growth, and delivering long-term value to all stakeholders.”