SLT-Mobitel has reported a turnaround in its financial performance for the first quarter of 2025, posting a group profit-after-tax (PAT) of Rs. 2,001 million, a leap from Rs. 156 million in Q1 2024.

“This is more than a financial milestone- it is a reaffirmation of our role as a resilient and indispensable pillar of Sri Lanka’s digital future,” said SLT-Mobitel Chairperson Dr. Mothilal de Silva.

The group’s resurgence was underpinned by strong contributions from both of its core business units. SLT PLC achieved a 369.9% increase in PAT to Rs. 1,344 million, supported by a 380% surge in PBT and a 60.3% rise in operating profit, driven by revenue growth in the enterprise, SME, and broadband segments, as well as reflecting disciplined cost management and operational efficiency.

Meanwhile, Mobitel (SLT-Mobitel Mobile) emerged as a standout performer, reporting Rs. 11.8 billion in revenue, driven by surging demand for mobile data services.

Its EBITDA rose by 28.5% with a 30% EBITDA margin, and operating profit surged by 392%, marking a turnaround from a net loss in Q1 2024 to a net profit of Rs. 477 million.